(Closed) If you were to become a billionaire suddenly overnight…

posted 7 years ago in Money
Post # 47
Member
1430 posts
Bumble bee
  • Wedding: April 2015

I would quit my job ASAP and write full time. I’d also buy some land and finally build my dream house with my Fiance. I’d give him some to invest in starting up his own company. I’d also pay off all my student loans, both of our cars, and the rest of our wedding. Our honeymoon plans would definitely change and we’d spend a month in Thailand, then a month in Europe. I’d use $10 million as retirement savings, and live off the interest of $20 million. The rest I would donate as charity to different foundations around the world that help stop human trafficking.

Post # 48
Member
4758 posts
Honey bee
  • Wedding: September 2012

I don’t think I’d know how to use that much money, but here are my priorities, not in any specific order, if I hit it big:

1) Buy or build a nice house – my dream house is a single-family home with a big yard & at least 4 bedrooms and space for a library.

2) Set up college funds for future kids.

3) Travel – top destinations: Italy, Argentina, Thailand, and Australia.

4) Help my parents/in-laws have great retirements without worrying about money.

5) Buy a vacation cabin somewhere near forests & water.

Post # 49
Member
2156 posts
Buzzing bee

@freshflowers:  Pay off my and FI’s student loans. Spend some money on upgrades for the wedding.

Fix up my family cabin. Buy a couple of ATVs to store up there. 

Buy our house in our dream area and not worry about finding a job immediately. We want an old farmhouse on lots of land- like 20 acres.

Buy a boat.

Buy both Fiance and I new cars.

Take a vacation.

Invest the rest! 

 

Post # 50
Member
4697 posts
Honey bee
  • Wedding: September 2014

I’d pay off the mortgages on both of our condos, rent them out and buy a bigger condo to live in.

I’d give some money to our families, charities I feel strongly about, and travel more.

Then I’d be a little frivolous and buy a fur coat and a Porsche 911 Turbo.

 

Post # 51
Member
841 posts
Busy bee
  • Wedding: August 2015

@freshflowers:  I’d pay off the rest of my student debt, pay off my car loan, buy a house instead of renting an apartment, buy a cottage in Muskoka, buy a boat, go on lots of trips, buy my Fiance his dream car and anything else he wanted, buy my family all the things they’ve ever wanted, pay for my future children’s education, go on a shopping spree on Queen St in Toronto, so many other things…

ETA: Obviously also pay for the entirety of my wedding so our parents wouldn’t need to help, and it would be the most amazing wedding ever.

Post # 52
Member
486 posts
Helper bee
  • Wedding: February 2014

I would:

 

Pay off debt

 

Take my business to the next level

 

Live a very lavish, comfortable lifestyle 

Post # 53
Member
466 posts
Helper bee
  • Wedding: September 2014

I would quit my day job and work on my blog during the day instead. Possibly expand it into a larger business.

I would give money to my family and people I love and care about.

I would build a house with Fiance on a big plot of land.

I would travel and bring friends and family.

I would donate to causes that are important to me.

I would pay for college for my someday kids.

Fiance would probably want to go for advanced degrees.

A billion dollars is a crazy amount of money!

Post # 54
Member
1310 posts
Bumble bee

I play this game with my family all the time!  But with different amounts of money – just $1 million, $50 million – depends on what the lottery jackpot is at any given moment.  With billions, I’d go through this list, in this order:

*Quit my job
*Pay off my student loans
*Pay off my car
*Go on a trip to Hong Kong, Japan, and Taiwan with my mom
*Maybe buy a condo in downtown Toronto
*Get laser vision correction & laser hair removal
*Buy equipment and launch my full-time blogging/vlogging career
*Give a lump sum to a leech in my life and tell them that if they ever ask me for money again, I am cutting ties with them
*Make anonymous donations to a few chosen causes
*Invest the rest
 

Post # 55
Member
3194 posts
Sugar bee
  • Wedding: October 2013

@freshflowers:  we would pay off all our student loans, buy a 5-bed 4-bath house in our home state, decorate it the way we wanted, buy new cars, put money in savings and trusts for our kids, help out our immediate family with their financial needs and probably donate some to charity, like the ASPCA.

Post # 56
Member
3194 posts
Sugar bee
  • Wedding: October 2013

View original reply
@ChicFoodist:  laser vision correction yes!

Post # 57
Member
7899 posts
Bumble Beekeeper
  • Wedding: March 2012 - Pelican Grand Beach Resort

I’d go on an epic vacation, I’d buy land and build a house and a giant edible garden, and I’d pay off the debt of those close to me.

I’d endow a professorship at my alma mater, too, and probably start some scholarships.

Post # 58
Member
1150 posts
Bumble bee
  • Wedding: June 2014

-Pay off my student debt, my brother’s student debt, and pay for the rest of my FI’s little sister’s education

-Pay off our parents’ mortgages

-Find a nice place in Cambridge (MA), gut and rebuild to my specifications

-Investments, trust funds, and charitable donations

-Some nice cars for us and our family

-Vacation homes in VT or New Husband, Turks & Caicos or Anguilla, Park City or Jackson Hole, and somewhere in Switzerland!

-Food shopping exclusively at Whole Foods

-Jewelry, clothes, and shoes

-LASIK and Invisalign

-Travel!

As you can tell, I have this well planned out Wink

Post # 59
Member
1639 posts
Bumble bee
  • Wedding: November 2013

Pay off mine and DH’s student loans. Buy us both better cars (not fancy pants cars, though DH wants a Tesla Model S lol. I just want a Prius <_<), and invest the cash. I’d then use the interest income from the investments to put money down on a house and then continue using that interest income to pay the mortgage. And I’d probably go for my masters, or maybe get another bachelors, and DH would go for his and probably his PhD too. And I’d get a dog! Because I want one and our apartment only allows two pets, currently occupied by my cats. 🙁

Post # 60
Member
4160 posts
Honey bee
  • Wedding: October 2011

I would start a non-profit seniors residence.  Hopefully it would grow to many of them around Canada.  Working with seniors is a passion of mine, and it makes me sick to see how corporations are gauging them to spend their final years in a “nice” place.  I could go on and on about that, but I’ll leave it 🙂

My husband and I would travel and do volunteer trips as well.  We would make sure our families are looked after, some of our good friends as well.

We would buy a place in Charleston, SC, Oregon, Japan, Scotland and Ireland (some of our favourite places we’ve been to so far!) 

And I’d buy myself my dream car…an Audi R8 🙂

My logical husband would also invest a lot of it…in properties, land, etc.

Post # 61
Member
1639 posts
Bumble bee
  • Wedding: November 2013

It won’t let me edit my comment for some reason, but…We’d travel, too. Everywhere!

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