Keith wrote:If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
Well if I had a million dollars, I'd buy you a K-Car
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May 30, 2009 4:23 p.m. Datsun1500 HalfDork
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May 30, 2009 4:30 p.m. wherethefmi HalfDork
Hey I think angrycovair is my long lost father, so don't forget me when you make it big.
Seriously there's so many ways to make that money grow, not all of them are going to turn the remainder of a million in to a billion over night. Invest where you're comfortable. Tax lawyer ftmfw!!!!
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May 30, 2009 4:56 p.m. Autolex Reader
MCarp22 wrote:
+1
Keith wrote:
+1!If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
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May 30, 2009 6:52 p.m. griffin729 New Reader
Datsun1500 wrote:
Keith wrote:
If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
Well if I had a million dollars, I'd buy you a K-Car
A nice reliable automobile.
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May 30, 2009 7:02 p.m. AngryCorvair Dork
additional info:
mortgage is my only debt.
i was wondering how long it would take for someone to suggest the tithe. i have never done it before, but this could make it possible. i don't believe in god, but i do believe that our local church does a lot of good in the community, so i wouldn't have a problem with my wife giving them 10%.
keith, i haven't forgotten our time at RA. V8 miata is on the very short list, but i might forego it for a '63 - '67 corvette roadster, just a simple small-block car that would then receive an LS6 and a C4 or later suspension.
i'm definitely into the idea of owning a bunch of rental housing. i really like working on houses, and i really like the idea of depreciating them while building a revenue stream from them.
i'm 42, so have many able-bodied years left.
after all that, hookers. no blow.
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May 30, 2009 7:34 p.m. alfadriver HalfDork
The question is what sort of real estate to buy. Apartments? Lots of turnover. Single family home? That tends to be a bit more stable. Commercial? Might take a little while for that to rebound right now.
One of my more senior freinds at work (he recently retired) had some rental properties for students. He mentioned that it was a pretty consistent payer- since schools stay pretty popular in recessions. Students will pay per room, so you can normally net more. The downside- parties. Actually, the "real" downside is more rigorus laws- plenty of safety things in old homes.
But still seemed like a good place to rent.
Just throwing that out.
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May 30, 2009 7:47 p.m. fastEddie Dork
Keith wrote:
If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
A liger.
What's a liger?
It's pretty much my favorite animal. It's like a lion and a tiger mixed... bred for its skills in magic.
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May 30, 2009 7:55 p.m. spitfirebill HalfDork
After paying off all debt, I would take flying lessons. Maybe buy a small plane like a Piper Super Cub.
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May 30, 2009 8:34 p.m. Dr. Hess PowerDork
Well, if'n we're playing now, if I had a million dollars (and no debt), I would hire me a gas turbine engineer to design me a low cost Organic Rankin Cycle turbo-generator in the 3-5KW range. It would have to be engineered so that it could be mass produced by the Chineese (because we have no manufacturing industry here anymore), be cheap and reliable. Then I would build the things and sell them at cost, completely eliminating the U.S.'s foreign energy reliance and sticking it to The Man. With the other half million, I would continue my "collect them all" Lotus theme.
It is really sad that a million dollars is all it would take to completely eliminate our energy problems, including so-called "global warming" and CO2 emissions, while we just spent several thousand thousand millions of dollars on bullE36 M3. But, if we did spend a mil to end our oil dependancy, what would Albert Arnold Gore, Jr. do for money?
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May 30, 2009 8:46 p.m. Salanis UltraDork
Dr. Hess wrote:
But, if we did spend a mil to end our oil dependancy, what would Albert Arnold Gore, Jr. do for money?
Oh ye of little faith. Don't underestimate the intellect, drive, and ingenuity of our illustrious ex-vice-pres.
He'd find some great catastrophe to avert.
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May 30, 2009 8:47 p.m. Salanis UltraDork
Keith wrote:
If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
Voted up.
I want to nominate this for "Say What?"
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May 30, 2009 8:49 p.m. Jensenman MegaDork
1. Pay off the damn debt of ANY kind. Pay NO attention to types, just get RID of it. You do NOT need any ticks on your hide. Paid for crib way high on the list.
2. Put a wad aside for the kiddies' education.
3. Put aside another wad for the old retirement.
4. Toys (within reason).
5. Remember ol' Jensenman, who lives pretty close to you.
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May 30, 2009 8:51 p.m. ignorant PowerDork
2 words
penile
enhancement.
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May 30, 2009 9:02 p.m. petegossett Dork
Keith wrote:
If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
...or a 3-toed sloth.
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May 30, 2009 9:07 p.m. Osterkraut Dork
ignorant wrote:
2 words
penile
enhancement.
Why in the world would he buy something for you?
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May 30, 2009 9:08 p.m. Salanis UltraDork
petegossett wrote:
Keith wrote:
If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
...or a 3-toed sloth.
I actually have this one figured out. I want an evil-overlord style throne (preferably something Hans Blofeld-worthy), and a big aquarium with a giant octopus in it.
Octopi are very intelligent, precocious, and affectionate. Since they can survive out of water for periods of time, it would be totally awesome to hold one and pet it while questioning prisoners. Not only to octopi like being petted, they change color and texture with their mood!
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May 30, 2009 9:30 p.m. ignorant PowerDork
Osterkraut wrote:
ignorant wrote:
2 words
penile
enhancement.
Why in the world would he buy something for you?
because this would happen..
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May 30, 2009 9:45 p.m. wherethefmi HalfDork
I know you can pay for your kids edumication now, as in lock in todays rate, for when they do go to school.
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May 31, 2009 12:08 a.m. Wally UberDork
MCarp22 wrote:
WINNER!
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May 31, 2009 1:50 a.m. Brust Reader
The organic rankin cycle requires a heat input. Like all cycles. Unless there's a magic way to create heat, then we're right back where we started. That's probably the secret that I'm just not getting.
Regardless, I'd buy a Picasso or Garfunkel
Hookers and blow. Seriously. It's the only sure thing.
If you really want to gamble, rental houses after you've paid everything off. 1 million doesn't really buy much anymore unfortunately. I figure I'd need at least 3M to quit working.
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May 31, 2009 2:10 a.m. wherethefmi HalfDork
I wonder how many houses you could buy in MI with a million?
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May 31, 2009 4:01 a.m. Lesley SuperDork
Not really into hookers, and I got blow out of my system in my 20s... so I think it would be: 1. pay off the mortgage, 2.get the Mighty Dak finished, 3. get the body work done on my Mazda, 4. berkeley off somewhere nice for a while
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May 31, 2009 6:15 a.m. FindlaySpeedMan New Reader
I can't believe nobody's suggested rolling naked in it yet.
Pay off debts and yadda yadda, BUT FIRST strip nekkid and dive into the pile like Unca Scrooge McDuck.
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May 31, 2009 7:29 a.m. Dr. Hess PowerDork
Brust, there's plenty of heat available. Unlimited and free. Just look up during the day. There's enough falling on your roof right now to run your whole house and power a Tesla for the day. Just need to change its form. A whole roof sized collector could be built for a few hundred and that's one thousand watts per square meter for half the day (times efficiency). Do the math.
Once the ORC takes off, Ultra Capacitors will follow by themselves. That industry still needs some R&D, I think, at least for cheap manufacturing. Only a single one of those thousands of millions would do that, but we gave it to the Europeans who bought swamp land for illegal aliens instead. With the caps, storage for the night and for transportation is instantly moved ahead 200 years from charges stored chemically at 50% efficiency (or less) to charges stored as charges at 99+% efficiency. With free electricity, people will convert "that old car/truck" to electric power by themselves for a few thousand and the state governments will have to get real nasty to collect their road use tax.
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May 31, 2009 8:07 a.m. 924guy HalfDork
I think i would create a llc or inc. company, have the money paid to that, then use that to buy down any personal real property debt as a company investment (at balance owed on mortgage, not full value, making the investment by the company instantly profitable if the value exceeds the sale price.)
Then I could draw a modest annual salary, putting any holdings under the company name and ownership, and at the same time putting any proceeds from the "sale" in my own bank account.
I would then live in my company owned house, use it as my business office, and as the director of my company, make further investments with income potential to create renewable revenue for that company, thus guaranteeing my salary as long as said company creates income through its investments..
im not an accountant or familiar with current tax laws, and ofcourse the legal end would need to be explored inmy plan. However i would certainly want to create a permanent source of income, a million isnt enough for that, but it certainly a good start to building something that has potential to accomplish it..
