If you came into "stupid money"
 

I was talking with a buddy about an investment we made that is pretty high risk and has the possibility of doing well. It could go bust FWIW, no lectures please. But the conversation was regarding what we would do should the stars align and we came into stupid money.

My initial answer? Nothing. I don't really need a shiny new toy. Or anything similar. I live a great life and don't pine for anything.

Then, the friend suggested a big family vacation. I thought that sounded great. Take a whole bunch of people somewhere cool and foot the bill. That's probably on the list.

But then the cat was out of the bag. And I started dreaming. And I can dream pretty expensive things it seems. E-type. 911 S with mechanical fuel injection. Duetto. Big block Torino with a top loader. Speedster.

Since I 1) will probably NOT come into stupid money. And if I do will 2) not be able to reverse the lifetime of frugality that has served me very well.

But the question is - What would you do with stupid money?

Put it into an investment account and have the interest go into my checking account.

An '89 speedster and upgrade my drinking habits.

^^^I jonesed hard for an 89 Speedster once upon a time. What an epic ride!

Travel...The world... A few times... Chasing an endless Summer (first class all the way).

Materially I have more than enough but with stupid money I'm sure I'd find a way to spend more.

You may be onto something there, Peter.

As for the Speedster.......eh......close enough......:p

http://forums.pelicanparts.com/uploa...1727756792.JPG

I'd start out with an SVRA/Historic Racing Team.....running a McLaren M8 or Shadow Can-AM, a F5000, a late 80's 962, and a 1990's F1 (V10-V12)......are 4 Groups per weekend too many for one man???

After that, I'd figure out a way to spend some real money. :D

What is "stupid money"? I mean even the current Powerball jackpot of $275M is stupid money for me. I'd get all the cars I want on my list - a 993, a long hood, maybe a 997 GT3, an E type, a new Lexus GX550. Rent Laguna Seca and Sonoma and a coach for private track days. I'd get a house in San Francisco with views of the Golden Gate Bridge, an apartment in Manhattan... and then travel the world. Maybe even travel the world and ship the cars so I can drive them on the Nurburgring, or other world-famous tracks...

Put the money somewhere it earns interest; live off the interest; quit my job; fix the house; sell the house and move further out into the country; start traveling to see people that miss and haven't seen in a long, long time...

F40.

A simple, new mid size (or full size?) short bed pickup truck with the biggest engine they offer.

Pay someone to get rid of the interior squeaks in the 911s. They drive me nuts.

INvested it and live off interest and all that boring but necessary stuff.

Give all my "good" workmen a bonus of 50k this year in cash. Fook uncle sam and their spending on homeless and illegals

Pay for my friend's daughter's classmate's college education and her living expenses. Get her a used reliable car so she can come home to visit her mom. She comes from an immigrant, single parent household. Mom's bearly scraping by with a job at a fast food joint. Can't afford glasses so she doesn't drive at night. This young lady's situation sucks and she refuse any help. She's got grit, and I like that.

Other then that, I am not sure what I would do? Maybe not change a thing?

Oh, I forgotten to add that my wife would like to safari in Africe and joint a small tour and do an eco tour across the Amazon. Enter from the pacific side and pop out of the Atlantic side.

Honestly? I hope to never find out .... but I'd give most of it away ASAP ... 'cause I don't need or want the ha$$le ;).

Most of y'all just won't understand me ....

Sometimes I don't either :D

Good luck ... hope ya hit it bigly :)!

The local Health Center wouldn't have to worry about their budget.
Same thing with the kids hospital in Halifax.
Ditto for Hope For Wildlife, an animal rescue centre here in Nova Scotia.

Best
Les

And 959 ;)

Stupid money?

For myself: I would travel with my family and make memories
I wouldn't mind a small house on John's Island outside Charleston; A sizable piece of land with giant oaks and a dock.

I would spend more time volunteering to find turtle nests on the beach.

I have 2 siblings who I would pay off their mortgages and make sure their kids were set for college.

I think I would start a couple college scholarships.

I'm pretty simple at this point in my life.

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In all seriousness. Retire, sell everything here, buy some land and build an a frame in Tenn, or N Caroilna, Spend my days doing volunteer work , or somehow, give back
Oh , and a GT3

Nordhavn 41 and a home on the ICW to park it. It’s the only thing I dream about having if I win Mega Millions

Knowing myself, I'd buy nothing. I'd save it reasoning I might need it some day. Then I'd b!tch about the taxes and being poor.

Yeah, I have issues. Haha

Go racing. GTD probably.
Or do the Level 5 thing and have Mulimatic build me a D sports racer.

Stupid money? Hopefully not make stupid decisions!

A Porsche for the racetrack and a Ferrari for the street

I'm with Greg, put a huge chunk of stupid money IMSA GTD class two car program. The rest is broadly invested in dividend stocks and some treasuries.

Question to all: can we agree on what amount is stupid money? To some people this number might be surprisingly low. $30 million to me is way more than enough!

Jarrett Bay 46

https://i.pinimg.com/originals/0d/d7...bca1206004.jpg


Plus a lot of traveling..

If I could spend $250k right now I could be debt free (including mortgage), restore my 356, and have the funds ready to re-do my roof and AC unit.

After that... I don't see buying lots of fancy cars, etc. Certainly more guns and ammo, a small boat or two or three (kayaks, john boat for estuaries/bays, maybe something for gulf but not likely, cheaper/easier to charter or rent), maybe a purpose-dedicated vehicle (truck).

Work stuff I'd need a few months to slowly transition all the stuff I currently do, I'd need to finish my teaching contract for the term at least (though I enjoy doing that, may as well have something to do one day a week) and since I'm so close to having my full 30 years in with the state I'd probably just keep working for almost 4 more years (Aug 2028) so as to not throw all that away...

BTW - this is exactly what a former coworker who won 10mil in the Fla lottery did - I don't really see anything wrong with it

i would be less stressed and i would try and make as many of my friends/family less stressed as well.

id produce more art. i put on more shows.

id go to clown college.

Wow, was thinking of this yesterday. A wish list would include, all 1995 version a 928, a 968 and a 993. All same color, midnight blue.
The blue collection.

Had this happen to me this weekend

Found $750 in a lap top bag, blew all of it and more buying myself new snowboard gear

Got lost in the moment as I still need to buy a board

If I had an 8 figure windfall. 1st thing I would do is hire a personal assistant to do all the things I don't want to do. Id way overpay for the right person I could trust and politely order around.

If it was the stupid money level of Jay Leno, or Seinfeld, I would have a collection of Porsches and a staff mechanic to keep them all in perfect shape. Not a Jay Leno level of collection.

And of course a nice place to keep them all.

It will happen right after there is peace in the middle east, and congress adopts term limits and starts to work together for the good of the country and limit the insider trading they all do.

donate donate donate.

Doctors without Borders.
Habitat for Humanity.
Wounded Warriors.
<insert your favorite cause here>
(HAH, seriously I'm an honorary King of a Fijian Village in Beqa Lagoon after donating $700 to build a school house there)


$1000 to us is huge huge to them. I was even handing out tubes of NeoSporin anti-bacterial ointment to the villiagers. A simple $2-3 tube to me is Gold to them as they simply can't get it. The glee in a 4-5 year old kids face eyes wide open having never seen a balloon inflated in front of him, hah then let go untied so it flies around the new school house room...........priceless.

think outside the box to help others.

Your a better man than me King Heap

I will have my personal assistant look into charitable opportunities and come back with recommendations to do our part

i think pumping money into the non-profit world is probably a bad play actually. non-profits are pretty fundamentally broken. the only exception might be a UBI based non-profit model. and doing it anonymously as to avoid the toxicity that is donor management.

id rather help people on a more personal level, solve people's problems directly. i know many people who struggle on a day to day basis with car repairs, rent, etc. when you take that stress away from people, they flourish.

Pay my wife her half of the house so she can move out.
Then take care of family and retire to do fun stuff and travel.

Stop charging a lot of my patients and fire the rest of them

I thought about this question for a while and
realized that I would do nothing.

I'm fortunate to be in a situation to do almost anything I want
but don't really want to do anything else.
I have a place high on the side of a mountain and a
nice place on an island in the pacific.
And I guess that's enough.

maybe if I came into stupid money I could buy
an airline so the 3300 mile commute wouldn't be so expensive? ;)

I went to my 50th high school reunion and a guy I hadn't seen in 50 years told me something I'll never forget. He was a retired school teacher.

"I have all the money I need."

Need, not want. Stopped me in my tracks.

Hope you saved part of the money for weed. Isn't that a requirement for snowboarding???

I've thought about this a few times. It is all dependent on the amount of money but let's say $100M USD.

1. Buy a house in Wimbledon for about $10M. Spend every summer there as a home base going to French Open, Wimbledon, and chasing the F1 circus around the continent.

2. Possibly a house in Garmisch Germany (in the Alps).

3. Possibly an apartment in Rome.

Get some cars that are fun. Tinker on those, farm out the work when it is above my pay grade.

Go on pilgrimage to Lourdes and Fatima.

Do the hike around Mont Blanc that takes about 10 days.

I'm sure I can find some more stuff but that's a good start.