If you had a million dollars to spend, what would you buy?

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Discussion Overview

The thread explores hypothetical spending choices if participants had a million dollars. The scope includes personal desires, practical investments, and whimsical purchases, reflecting a range of financial priorities and lifestyle aspirations.

Discussion Character

  • Exploratory
  • Conceptual clarification
  • Debate/contested

Main Points Raised

  • Some participants express a desire to buy homes, with preferences for locations such as near the beach or in the mountains.
  • Others mention purchasing vehicles, including classic cars and practical options like Subarus.
  • A few participants suggest investing in mutual funds or saving for future needs rather than immediate purchases.
  • Some express a desire to share their wealth with family or friends, indicating a preference for collective benefit over personal gain.
  • Whimsical purchases are also mentioned, such as a "death ray" or humorous items like an electric dog polisher.
  • Several participants engage in light-hearted banter about their choices, including references to pop culture and humorous misunderstandings.
  • There are mentions of wanting to upgrade personal spaces, such as laboratories or storage for books.

Areas of Agreement / Disagreement

Participants do not reach a consensus on how to spend the hypothetical million dollars, with a variety of competing views and preferences expressed throughout the discussion.

Contextual Notes

Some participants' suggestions depend on personal circumstances, such as location, family needs, and financial goals, which are not universally applicable.

Who May Find This Useful

Readers interested in personal finance, lifestyle choices, or humorous takes on wealth may find the varied perspectives engaging.

  • #61
╔(σ_σ)╝ said:
Flush is down the toilet, money is the root of all evil
epic_smiley_display.png

In my single days I could have burned it, but not now. Farmhouse in the country for my family, any left put towards any means to quit work as soon as possible.

I'd have to check my bible, but I believe it's the love of money that is the root of all evil.
 
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  • #62
Ivan Seeking said:
Back around 2000, I was listening to the Art Bell show. Given that Bell was about as nutty as they come, I pain no attention to his incessant rantings about buying gold.
Nutcasery should never be profitable.
Thus, I applaud that you haven't bought gold, so that Art Bell can't make a profit by selling his to you. :smile:
 
  • #63
cobalt124 said:
In my single days I could have burned it, but not now. Farmhouse in the country for my family, any left put towards any means to quit work as soon as possible.

I'd have to check my bible, but I believe it's the love of money that is the root of all evil.

kruemelmonsteryn0.gif
 
  • #64
arildno said:
Nutcasery should never be profitable.
Thus, I applaud that you haven't bought gold, so that Art Bell can't make a profit by selling his to you. :smile:

This is ALSO why I'd hide with you...
 
  • #65
arildno said:
Nutcasery should never be profitable.
Thus, I applaud that you haven't bought gold, so that Art Bell can't make a profit by selling his to you. :smile:

Bell was just plugging a gold company, but he was relentless. It did seem to be personal. While you may applaud me, my bank account certainly doesn't. I could have made about 600% profit.

Now is certainly not when I would buy gold. To me, that only makes sense if one is betting on economic collapse. Buy low sell high. In 2000, it made sense to buy gold, but it wasn't obviously the best choice for investment [or nearly so].
 
  • #66
Ivan Seeking said:
Bell was just plugging a gold company, but he was relentless. It did seem to be personal. While you may applaud me, my bank account certainly doesn't. I could have made about 600% profit.

Now is certainly not when I would buy gold. To me, that only makes sense if one is betting on economic collapse. Buy low sell high. In 2000, it made sense to buy gold, but it wasn't obviously the best choice for investment [or nearly so].

If you had the foresight to buy tons of gold in 2000, you probably had the foresight to get out of the damned market too. There are always people telling you to sell gold and get cash, and always people telling you to buy gold. Obviously there are bound to be periods during which they're correct, but if their guidance can't be trusted... oh well.
 
  • #67
BobG said:
I would buy MIH a green dress.

I'm don't know why green, but I'm not going to turn down a new dress! :smile:
 
  • #68
The soul of a child, bottled by an old Roma lady. Yep... I'm that guy who still does Borat-esque material at parties! Oh behave!

*sound of self-inflicted slap*

Sorry. I'd buy a pony.
 
  • #69
nismaratwork said:
If you had the foresight to buy tons of gold in 2000, you probably had the foresight to get out of the damned market too. There are always people telling you to sell gold and get cash, and always people telling you to buy gold. Obviously there are bound to be periods during which they're correct, but if their guidance can't be trusted... oh well.

True. I guess it bothers me a bit because I did keep looking at the price and thinking it might be a good investment. With Bell pounding the issue night after night, it was verrrrrrrry tempting.

I did pull my money out of the market in time. We still have mutual funds in a retirement account, but that should work out in the long run. We also saw the housing collapse coming but decided to stay put and ride it out.

This was a heartbreaker. Back around 1980, after herpes came along but before AIDS was a big issue, I recognized the opportunity to invest in Trojan condoms, but simply didn't have the money. I knew it was all but a sure thing but couldn't do anything about it less going to a loan shark. Years later I met a man who retired on that same investment! :cry:

Our younger members probably wouldn't know that back in the 70s, after the pill became popular, there was nothing to worry about that a shot couldn't cure. Condom use was often unecessary. Most men probably didn't use them. I know I sure didn't.
 
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  • #70
Ivan Seeking said:
True. I guess it bothers me a bit because I did keep looking at the price and thinking it might be a good investment. With Bell pounding the issue night after night, it was verrrrrrrry tempting.

I did pull my money out of the market in time. We still have mutual funds in a retirement account, but that should work out in the long run. We also saw the housing collapse coming but decided to stay put and ride it out.

This was a heartbreaker. Back around 1980, after herpes came along but before AIDS was a big issue, I recognized the opportunity to invest in Trojan condoms, but simply didn't have the money. I knew it was all but a sure thing but couldn't do anything about it less going to a loan shark. Years later I met a man who retired on that same investment! :cry:

Our younger members probably wouldn't know that back in the 70s, after the pill became popular, there was nothing to worry about that a shot couldn't cure. Condom use was often unecessary. Most men probably didn't use them. I know I sure didn't.

I feel your pain... I had a chance to get in on Genentech, but didn't have the money, but I did see the quick Red Hat linux boom, so that was fun! I'm glad that you got out in time btw, even if you're not a condom impresario. :wink:
 

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