Comments on: What Would You Do If You Won 87 Million? http://natewhitehill.com/what-would-you-do-if-you-won-87-million/ Business, Technology & Life in Seattle Fri, 23 Dec 2011 04:04:00 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: Edgar Stewart http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-33734 Edgar Stewart Fri, 15 Aug 2008 16:51:34 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-33734 I would pay off my house and rent it out. I would buy a bigger house and pay that off too. The rest I would invest it in low risk municipal bonds. I would pay off my house and rent it out. I would buy a bigger house and pay that off too. The rest I would invest it in low risk municipal bonds.

]]> By: ScottUA http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-27800 ScottUA Tue, 27 Nov 2007 14:30:40 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-27800 In the words of "Office Space"...I would do nothing. I would sit on my ass and just enjoy life. Then after about a week of doing this, I would figure out what the hell to do with the rest of my life. In the words of “Office Space”…I would do nothing. I would sit on my ass and just enjoy life. Then after about a week of doing this, I would figure out what the hell to do with the rest of my life.

]]> By: Simon http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-8481 Simon Sun, 29 Jul 2007 21:31:16 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-8481 There is so much that I would want to do which means that I would spend at least a week planning it all out. I'd probably start out kind of like Brad, it would be great to be able to afford a team of financial advisers. I would have to keep some in reserve in a very low risk investment, probably 10,000,000 in a money market account or a bond. I'd definitely invest a good portion of the money (maybe 20 million) in medium to high risk paper investment. I don't think I'd buy houses but I would definitely go into development, I'd buy a plot of land and build a complex on it to rent out, I'd do this till I've invested 45,000,000, and if I like my current situation I might take out a huge loan do to more development elsewhere. I'd use 10,000,000 to start my own computer game company, and the last 2,000,000 would be on my ongoing education so I can stay on top of my game. Simon There is so much that I would want to do which means that I would spend at least a week planning it all out. I’d probably start out kind of like Brad, it would be great to be able to afford a team of financial advisers. I would have to keep some in reserve in a very low risk investment, probably 10,000,000 in a money market account or a bond. I’d definitely invest a good portion of the money (maybe 20 million) in medium to high risk paper investment. I don’t think I’d buy houses but I would definitely go into development, I’d buy a plot of land and build a complex on it to rent out, I’d do this till I’ve invested 45,000,000, and if I like my current situation I might take out a huge loan do to more development elsewhere. I’d use 10,000,000 to start my own computer game company, and the last 2,000,000 would be on my ongoing education so I can stay on top of my game.

Simon

]]> By: Jorge Diaz http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-8008 Jorge Diaz Fri, 20 Jul 2007 21:21:40 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-8008 Jane but you need to swim naked in that pool of cash! ;) Jane but you need to swim naked in that pool of cash! ;)

]]> By: Jane http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-7979 Jane Fri, 20 Jul 2007 11:47:12 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-7979 I wouldn't tell anyone, not even my family. From experience, I know that gambling wins have the tendency to bring out the worst in the majority of people. I'd buy a small house, with new furniture and appliances. That would cost about $350,000 total. With the rest, I would start my own bank, with its own maze that leads down to the vaults! The bank would also contain a small pool filled with cash, which I would swim in on a daily basis :) I wouldn’t tell anyone, not even my family. From experience, I know that gambling wins have the tendency to bring out the worst in the majority of people. I’d buy a small house, with new furniture and appliances. That would cost about $350,000 total. With the rest, I would start my own bank, with its own maze that leads down to the vaults! The bank would also contain a small pool filled with cash, which I would swim in on a daily basis :)

]]> By: Funny Video Clips http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-4462 Funny Video Clips Fri, 18 May 2007 12:02:11 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-4462 The trick with this amount of money is to build in transparency. If you have a team of advisers that all are accountable to each other then the money doesn't go astray. You have to put in checks and balances to make sure that nothing is spent or invested without some chain of accountability being used. That much money is a huge corrupter to one person who can sign checks. The trick with this amount of money is to build in transparency. If you have a team of advisers that all are accountable to each other then the money doesn’t go astray. You have to put in checks and balances to make sure that nothing is spent or invested without some chain of accountability being used. That much money is a huge corrupter to one person who can sign checks.

]]> By: Wealth Building Lessons http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-3348 Wealth Building Lessons Tue, 17 Apr 2007 23:21:21 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-3348 i'd buy an island off the coast in Thailand. No one would ever hear from me again ;-) i’d buy an island off the coast in Thailand.

No one would ever hear from me again ;-)

]]> By: mike http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-1308 mike Sat, 10 Mar 2007 03:04:18 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-1308 The most logical idea to me would be: -Pay off any debts -Splurge on all the things you've always dreamt of -Invest/save the rest and live off the interest from it Most people I think just get caught up in the ability to buy almost anything, and forget that they do have a limit. The most logical idea to me would be:
-Pay off any debts
-Splurge on all the things you’ve always dreamt of
-Invest/save the rest and live off the interest from it

Most people I think just get caught up in the ability to buy almost anything, and forget that they do have a limit.

]]> By: Jorge Diaz http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-1178 Jorge Diaz Wed, 07 Mar 2007 17:33:33 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-1178 i would, invest in domain names. I would buy some high traffic comercial domain names, and earn either by developing the site or by parking the domain. Once i have like 200 or more, high traffic domain names, i could get them parked or ressel them in auctions later in time. These high traffic domain names should do pretty well earning me a lot of money (parking or resseling). Its the new real estate. i would, invest in domain names.

I would buy some high traffic comercial domain names, and earn either by developing the site or by parking the domain.

Once i have like 200 or more, high traffic domain names, i could get them parked or ressel them in auctions later in time.

These high traffic domain names should do pretty well earning me a lot of money (parking or resseling).

Its the new real estate.

]]> By: Nate Whitehill http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-869 Nate Whitehill Tue, 06 Mar 2007 08:16:08 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-869 Hey Shawn, thank for the comment. I would have the same problem - it would be hard for me not to immediately walk down to a Ferrari dealership with a wad of cash and drive away in something red. Hey Shawn, thank for the comment. I would have the same problem – it would be hard for me not to immediately walk down to a Ferrari dealership with a wad of cash and drive away in something red.

]]> By: John http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-802 John Mon, 05 Mar 2007 20:25:57 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-802 I'd do nothing. You'd be making over 2 million a year on interest at a standard banks 3% interest rate. That is plenty to live off of. Doing anything else exposes your cash to risk. I’d do nothing.

You’d be making over 2 million a year on interest at a standard banks 3% interest rate.

That is plenty to live off of. Doing anything else exposes your cash to risk.

]]> By: ibz http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-792 ibz Mon, 05 Mar 2007 18:11:47 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-792 dream on...u have a one in a 87 million chance of winning that lottery dream on…u have a one in a 87 million chance of winning that lottery

]]> By: Mark http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-699 Mark Mon, 05 Mar 2007 03:31:23 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-699 AOL just picked up this story, Nate; you're ahead of your time! AOL just picked up this story, Nate; you’re ahead of your time!

]]> By: oscarsito http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-686 oscarsito Sun, 04 Mar 2007 19:17:42 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-686 I'd do as he did, get some financial advisors and set up a plan to increase the funds. Of course a lot of trips with friends would be included :] I’d do as he did, get some financial advisors and set up a plan to increase the funds. Of course a lot of trips with friends would be included :]

]]> By: Shawn Knight http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-625 Shawn Knight Sun, 04 Mar 2007 04:18:53 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-625 Yeah, I would have a hard time not wanting to buy a few expensive toys... and since I know little to nothing about investing and such, I would need to hire some help to plan that out as well... But, I would certainly have a really nice car, not a used Jetta :) Yeah, I would have a hard time not wanting to buy a few expensive toys… and since I know little to nothing about investing and such, I would need to hire some help to plan that out as well… But, I would certainly have a really nice car, not a used Jetta :)

]]> By: Nate Whitehill http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-623 Nate Whitehill Sun, 04 Mar 2007 03:00:07 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-623 I agree, the first thing I would do is plan, plan, plan. There is so much responsibility involved when given that much money. I agree, the first thing I would do is plan, plan, plan. There is so much responsibility involved when given that much money.

]]> By: Nate Whitehill http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-622 Nate Whitehill Sun, 04 Mar 2007 02:59:00 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-622 Sounds like you have your game plan all worked out! I like the wide variety of different investments you would be making. Diversification is key! I would also buy some of the cars you mentioned including: Enzo, Murci, CGT, Zonda F, and Caparo T1. Wow... I feel broke now. Sounds like you have your game plan all worked out! I like the wide variety of different investments you would be making. Diversification is key! I would also buy some of the cars you mentioned including: Enzo, Murci, CGT, Zonda F, and Caparo T1. Wow… I feel broke now.

]]> By: Nate Whitehill http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-621 Nate Whitehill Sun, 04 Mar 2007 02:56:58 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-621 Good call, Nick. I would do the same, probably buy 5-6 supercars, one house, and put the rest into stocks and mutual funds. Also, I would fully fund all of my businesses right now and get them up and running with employees and try to make another $100 million through personal enterprise. Good call, Nick. I would do the same, probably buy 5-6 supercars, one house, and put the rest into stocks and mutual funds. Also, I would fully fund all of my businesses right now and get them up and running with employees and try to make another $100 million through personal enterprise.

]]> By: Nate Whitehill http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-620 Nate Whitehill Sun, 04 Mar 2007 02:52:05 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-620 Haha thanks Ryan! How about a Lamborghini Gallardo? I saw a yellow one today and it just reminded me how much I love that car! Haha thanks Ryan! How about a Lamborghini Gallardo? I saw a yellow one today and it just reminded me how much I love that car!

]]> By: Shane http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-617 Shane Sat, 03 Mar 2007 18:30:22 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-617 I like what this guy did. The part about giving away his '05 Jetta and buying a 2002 because he could get the color he wanted is classic. There was a couple I read about a few years ago who won the lottery. They waited a couple months before they told anyone or cashed in the ticket. During that time they researched, talked with each other, and put a whole plan together on what to do. I like what this guy did. The part about giving away his ’05 Jetta and buying a 2002 because he could get the color he wanted is classic.

There was a couple I read about a few years ago who won the lottery. They waited a couple months before they told anyone or cashed in the ticket. During that time they researched, talked with each other, and put a whole plan together on what to do.

]]> By: Ryan http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-616 Ryan Sat, 03 Mar 2007 17:22:32 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-616 Good read, and I'm glad he's good with his money, but like most people he's got a poor grasp on the concept of probability. It's people like this guy that win and say they've got some sort of "system" that foolishly makes everyone else believe they can beat the odds. ;) Nate, if I won that kind of money, I would buy you something nice. Good read, and I’m glad he’s good with his money, but like most people he’s got a poor grasp on the concept of probability.

It’s people like this guy that win and say they’ve got some sort of “system” that foolishly makes everyone else believe they can beat the odds. ;)

Nate, if I won that kind of money, I would buy you something nice.

]]> By: Nick http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-615 Nick Sat, 03 Mar 2007 16:05:21 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-615 More than likely I would end up buying a simple house, using some funds for a startup company, buy something to drive (who says I can't buy a Aston Martin DB9 with 87 million?), and put the rest into stocks/mutual funds...watch it grow and save for as I get older and continue to work like a normal day to day kind of guy. More than likely I would end up buying a simple house, using some funds for a startup company, buy something to drive (who says I can’t buy a Aston Martin DB9 with 87 million?), and put the rest into stocks/mutual funds…watch it grow and save for as I get older and continue to work like a normal day to day kind of guy.

]]> By: AnthonyC http://natewhitehill.com/what-would-you-do-if-you-won-87-million/comment-page-1/#comment-613 AnthonyC Sat, 03 Mar 2007 14:23:46 +0000 http://natewhitehill.com/2007/03/03/what-would-you-do-if-you-won-87-million/#comment-613 Id buy up about 20 more student houses where I already rent in my University town of Guelph and turn this into a full time business. I would also buy a couple large commercial buildings to lease out. Id buy a couple shitty hotels in Toronto and convert them to luxury boutique hotels. I would low ball and acquire some expensive million dollar homes for sale and try to flip them for a profit because the market wont stay cheap and undervalued like this for ever. I would buy some land between Milton and Guelph, because that is the next Mississauga. I would buy stocks from solid large cap company's that yield a sick dividend. I would speculate on some up and coming companies as 5-10 year long shot gambles to invest early on in. I would become an Angel investor. I would buy a couple villas across the world and rent them out when I was not planning on being there. The rest would go into some sort of account where I could live comfortably off the interest and focus on traveling and creating internet companies to sell for fun. Lastly I would probably be inclined to buy a couple toys..... Murcielago, Enzo, CGT, 911T etc.. Id buy up about 20 more student houses where I already rent in my University town of Guelph and turn this into a full time business. I would also buy a couple large commercial buildings to lease out. Id buy a couple shitty hotels in Toronto and convert them to luxury boutique hotels. I would low ball and acquire some expensive million dollar homes for sale and try to flip them for a profit because the market wont stay cheap and undervalued like this for ever. I would buy some land between Milton and Guelph, because that is the next Mississauga. I would buy stocks from solid large cap company’s that yield a sick dividend. I would speculate on some up and coming companies as 5-10 year long shot gambles to invest early on in. I would become an Angel investor. I would buy a couple villas across the world and rent them out when I was not planning on being there. The rest would go into some sort of account where I could live comfortably off the interest and focus on traveling and creating internet companies to sell for fun. Lastly I would probably be inclined to buy a couple toys….. Murcielago, Enzo, CGT, 911T etc..

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