MCarp22 wrote:
+1
Keith wrote: If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
+1!
MCarp22 wrote:
+1
Keith wrote: If I had a million dollars, I'd buy an exotic pet. Like a llama. Or an emu.
+1!
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.
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.
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.
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.
After paying off all debt, I would take flying lessons. Maybe buy a small plane like a Piper Super Cub.
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?
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.
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?"
2 words
penile
enhancement.
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.
ignorant wrote: 2 words penile enhancement.
Why in the world would he buy something for you?
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!
Osterkraut wrote:ignorant wrote: 2 words penile enhancement.Why in the world would he buy something for you?
because this would happen..
I know you can pay for your kids edumication now, as in lock in todays rate, for when they do go to school.
MCarp22 wrote:
WINNER!
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.
I wonder how many houses you could buy in MI with a million?
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 
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.
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.
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..
I am going to go against the grain with one point, I wouldn't pay off the mortgage, sure put it aside in a safe investment so you know it is covered, but a mortgage is the cheapest money you can have and it maintains your credit score.
Pay any and all other debts.
Invest in a nice cross section of programs, buy a couple of rentals, then lean any future rentals on the first owned properties. Gaining tax benefits and keeping the whole deal away from your family residence.
Buy a cool car but not a supercar, my choices would be a E39 M5 and a 69 Mach 1 Stang for sunny weekends
Fit out the garage of all garages. Saving money on going to specialists just for their equipment.
Take the wife on a wonderful vacation, EVERY year.
Oh and Gloat a lot
Sell the house, pay off everything, buy a nice cool car, and move to Costa Ricca and retire. That million will go a long way down there. 
Seriously, I would pay off everything, house and all. It is amazing how much money you have when you have no debt payments. Set up college for the kiddies, and invest the rest in good growth mutual funds. Keep your day job and live like you do now. By retirement age you will be set. Get you a nice motor home and trailer for the car of choice and travel the country cruising and racing when and where you want.
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