Hold my little finger to the side of my mouth and say "One million dollars"
that made me laugh
Ask HN: What would you do with $1M?
31–40 of 55 posts
Re: Ask HN: What would you do with $1M?
#32With $1 million, I would first ensure that my family's financial future is secure by paying off any outstanding debts and investing in their well-being. After that, I would set aside a portion of the money for personal savings and investments to generate passive income. Finally, I would invest in my own personal growth by pursuing educational and entrepreneurial opportunities that I'm passionate about.
Re: Ask HN: What would you do with $1M?
#33Re: Ask HN: What would you do with $1M?
#34Income investments, into safe, medium, and high-yield risky thirds. Avoid big purchases.
Then work on projects of my own and others, and put profits into the funds above.
This was the Dominguez/Robin strategy in "Your Money or Your Life" which I learned about after a PBS special many years ago. The return to higher interest rates makes the strategy feasible again:
https://news.ycombinator.com/item?id=12299024
(I'd still invest in stocks if I came across a sure thing, however somehow I missed the NVDA rocket right under my nose. So can't count on those.)
Re: Ask HN: What would you do with $1M?
#35I have ~$1.5M after ~10yrs in software w/ ~5yrs being in big tech. Live in the US.
Almost all is in S&P500 index. It doesn't feel much different than when I had ~$100k in the bank. It is nice to have some safety net and know I can weather most any storm and get back on my feet. I took a few months off a few years ago. I did an expensive masters for fun. Otherwise no big changes.
It isn't enough money to stop working or buy anything crazy. And you realize that no matter how much you have, the instinctual fear of not having enough is still there. Still stuck in the corporate world and no clear way out. You just keep working and seeing the numbers go up slowly.
It is like that famous quote:
“When most people say they want to be a millionaire, what they might actually mean is “I’d like to spend a million dollars.” And that is literally the opposite of being a millionaire.”
Re: Ask HN: What would you do with $1M?
#36There was a fire here recently that burned a thousand homes. I’d see if I could buy some land and start making a subdivision of modest 2bedroom homes. I might be able to get the land, infrastructure and first home done for 1m, then hopefully sales would support filling in the rest.
The housing crisis is largely a supply problem. Fix supply and you start to alleviate the problem. The good news is that along the way you have a cash-flow positive business.
Re: Ask HN: What would you do with $1M?
#37Stocks are the smart option, but I'd heavily consider a 5% Treasury for the $50,000/year guaranteed.
There are alternatives of varying risks that pay more frequently.
Re: Ask HN: What would you do with $1M?
#38I have ~$1.5M after ~10yrs in software w/ ~5yrs being in big tech. Live in the US. Almost all is in S&P500 index. It doesn't feel much different than when I had ~$100k in the bank. It is nice to have some safety net and know I can weather most any storm and get back on my feet. I took a few months off a few years ago. I did an expensive masters for fun. Otherwise no big changes. It isn't enough money to stop working…
Oh right. I guess I took it to mean “what would you do if you woke up tomorrow with an extra million”
Re: Ask HN: What would you do with $1M?
#39I would make food shelters and start a school, a dream of mine.
Re: Ask HN: What would you do with $1M?
#40Start field trials of my Carbon dioxide Removal Startup RIGHT AWAY.