Pay off my parent’s debt, retire them, pay off my own, spend my days reading comic books and messing around in Blender. Stay at my cheapish area, have my parents sell their house and move to a bigger one. Travel more since I’m near an airport. Avoid anything too expensive and live mostly the same lifestyle so it doesn’t run out. Invest in the safest thing possible since at 5 mil youd be making 6 figures a year letting it sit.
Ppl underestimate how much having money already keeps you rich, at 5 mil youd make at least 100k a year letting it sit, with close to the same lifestyle you have now you’d live very comfortably. Now if you start buying access to private clubs and sht, thatd run out fast.
Pay off debts. Invest the rest structured in trust funds for my kids. I don’t got many years left. I’d rather they get it while they’re young enough to enjoy it and not let it all get siphoned away by the “end of life” care system in America.
pay off my parents house, and fix up the stuff weve neglected. finally upgrade my ram lol
Pay off a bunch of debt. Invest the rest.
It’s a boring answer, but it’s true. I’ve had a stable financial situation rug-pulled from under me three or four times already in my adult life. I’m sick of it.
I don’t even want to be financially stable for my own sake. I want to be able to tell my kids yes when they ask to eat at McDonald’s more than once a week. I want to be able to help everyone I know who needs it. I want to be able to pay for my wife to fly back home to her grandma’s funeral without worrying about if I need to sell a car to pay for it.
Pay off the house I live in, put 100k in trust for each of 4 family members, buy a much larger house and hire a paid staff of 3 and 1 volunteer and make it into a free shelter for single mother victims of DV and their children, set up a trust to pay for the education of both the mothers and children for the duration of their residence, and probably buy a commercial property so my mother can open a charity shop in it as she’s always wanted, and bank the rest for some interest. I’d still keep doing my job because it’s not very hard. Maybe negotiate down to 4 days a week.
I’m pretty financially comfortable and so are the members of my family that I care about. I’ll be inheriting two houses when my separated parents die, so I’m not really sweating for retirement money.
I’ll tell you what I’d do, man: ten chicks at the same time, man.
I’m not sure how I would distribute them. I just want one at each limb, one works on my scalp and neck, and one on my sore back and shoulder. Still it sounds very crowded. Let’s just have two.
mm retire i guess and dont tell anybody
Invest in one of the two startup projects im working on
And watch that 5 mil turn into 5k overnight 😎
Leave my country, buy an old decrepit spooky mansion in a non-Western country, and spend the rest of my days pretending to be a ghost whilst using the remaining funds for small acts of charity for the nearest town/village. I wanna see if I can create a legend.
Create a non-profit, make music, create a design studio, fund local collectives, invest on my retirement, maybe do a masters degree…
Share it with the first person who replied to such a question
I’d retire.
Same
Put it with rest of investments. Wait a year till capital gains kick in then probably retire on interest.
I’m a developer and I love it, but hate the current state of the field. I would quit my job and start my own company. It would be a lot less scarry if I didn’t have to worry about making money. I could just make the things I wanted.
5 Million? O.K. let’s roll.
60K for university education, should be plenty.
40K go to paying various bills for friends and family
100K for various charities
1.8M go to building a non-profit high tech eco commune in Argentina or a similarly climatically stable place with features inspired by FM 2030’s book Upwingers in regards to future living
300K go to anti-militarist causes
500K go to various vegan groups
200K go to building school projects in developing regions
1M are invested into a photovoltaic power station from which I will extract a $6000 rent p.a. max with the rest of the proceeds going to a fund for disabled people and disadvantaged youths
Last million:
100K for travels
100K for a communal homelab that provides hosting for FLOSS and anti-conservative politics
200K for hackspaces
250K for unions, they better have some conviction though
350K for cruelty free research on rare diseases
