The “Water Cooler” is a feature on Claycord.com where we ask you a question or provide a topic, and you talk about it.
The “Water Cooler” will be up Monday-Friday at noon.
Today’s question:
QUESTION: If you won $10 million dollars, what would be your first purchase?
Talk about it.
43 comments
A home in another state.
@cellophane
Bingo…
1. Pay off our house
2. Plunk cash down for a new Tesla
3. Dine out without looking at prices
4. Bank the remainder
5. Sleep like a baby
All in the same day!
I would pay cash for a house for each of my children and then fund the grandchildrens’ college account.
My father been putting money into the college fund for his grandchildren. It is a good investment.
he also put money into my AbleFund account. It is a special banking account for the people with disabilities. very similar to the college fund only that Able Fund allows you to spend money on specific items such as Medical, Housing, Employment, Education. Basic Living, Assistant Technology, Lawyers, Transportation, and life support. I like the Able Fund dose not go again the Social Security SSI unless you have $100K.
First, we would pay off our Daughter/Son-in-Law’s house in Colorado.
Then figure out the rest, little by little later, and to help good causes and us too.
I would also want to buy a house for relatives.
Thats sweet Roz…Thought they were renting for now.
Probably a nice rustic home in another part of the state, somewhere rural. Maybe the Gold Country, anywhere that has a low population. Although I dislike a lot of California’s politics, It’s still the best state to live in, and with $10 M, I’d stick most of it in the bank and live off the interest, and I wouldn’t let the politics bother me too much. It would have to have a large garage though, I love building hot rods, so I need plenty of space for all my new projects, and to park my new Ferrari.
Me too!
.
But I already have a Ferrari.
In the mid 80s, I bought a ’78 Ferrari 308 GTS, but there was always something on it that needed fixing, and parts were hard to find.
Ugh. The 308 and some of the 328s were carbureted. Very fussy.
Even the 328’s EFI was comparatively primitive plus the wacko dual distributors.
Maranello finally got it right with the 360 and F430… a nice blend of analog vs digital (computerized) systems. Plus, they designed a removable panel behind the seats to engine-out services (like belts and tensioners) are no longer required!
The interior and body? Well, that just the price we pay for having exotics.
A modest house in the Pacific Northwest (MaCall, Id. maybe), another modest house in Flagstaff or Tucson and a big RV bus to travel between the two. I’d then hire a Financial Advisor. A .50 Barrett M95 would be nice to while away the time for my investments to grow.
Probably purchase some time with a consulting firm that handles winners of lotteries. It’s almost a burden to win that much because there are things that need to be done because they publish your name and city.
Depending on how and where you won it, the first $4MM or so will go towards taxes. So the question is how to spend $6M. I’d move to a less restrictive state where I can have gas-powered stoves in my new kitchen and a four-car garage and keep buying gas-powered cars.
I’d help my kids buy houses (but not buy them outright) and pay off their student loans.
First thing I wanna get is a single family home somewhere in Concord that close to BART walking distant. and go travel all over the world.
I would buy a 10+ acre farm in Montana or Idaho.
Buy a 99cent store franchise and plop it down in the middle of Broadway Plaza.
Dreaming is nice, but in reality… The stress from managing that kind of money and making various decisions…… I think I’ll pass…
Although, I am running low on dental floss…
I think I could deal with that kind of stress, I’m certainly willing to give it a try.
Buildable rural acreage outside of the Peoples Republic of Khalifornia.
.
… in a red state where the government is limited and doesn’t interject itself into every stinkin’ aspect of peoples’ lives.
World cruise
I would buy a melchizedek, and invite the citizens of claycord to a picnic in the park
I like that Idea!!
It’s not what I would buy, but what I would give away. The money would go to local animal shelter.
It would not be a purchase. I would pledge to give away 50% to causes that our family would feel is best for us and society.
You are showing a beautiful Chris…Very nice post!!!
new car… nothing extravagent
A pacial estate outside of the hellhole called California….
A politician
I would buy a nice 4 bedroom house in Benicia, I have lived in San Francisco, the Peninsula, Marin, Concord and Benicia, and Benicia is my favorite. I would then buy a weekend/vacation house in the Gold Country, probably Murphy’s or Columbia, have spend many fall weekend there and will go in a few weeks. Although I’m single I would want the house to be big enough so my daugther and family could visit or go there when I’m not there, so 3-4 bedrooms. I would help my daughter and son in law to buy a bigger house where the live southern California (Monrovia by Pasadena), I would also do something for my grandchildren and donate on a regular basis to charities that are important to me.
A Ferrari F430, with 3 pedals and a vacation home in Kauai big enough for our large family. $10M isn’t enough for the Ferrari I really want (a 250 GTO), as the last sale of one that I’m aware of went for $70M. I would also book a few Viking cruises.
I have a disabled cousin. I’d pay off his mortgage and buy him a new car.
A wooden sailboat.
If I could I would like to buy some land out of California and build a home with high security and on at least 10-ac of space. But the first thing I would do with my winnings would be to donate $1.5M to my church and hope it will help the church to continue its function!
A subscription to Claycord.com
The French Laundry
Would that $10 million be before or after taxes? Hire a gardener who would do my yards EXACTLY the way I want it done and hire a cleaning service to do the house work. I don’t need a new house since mine is pretty much the way I want it. I’m sure there will be family members who would like a share of what is left.
First off I would send money to my family who are struggling. Then I would talk with my kids about where to buy a new home for me, them, and maybe a vacation home. After than charities and investments.
I’d purchase Claycord and allow people to say “Boysenberry”
Move over Elon Musk !
Hire a good solid financial advisor…
But to answer the question in a more imaginative way… I would buy a house with a decent amount of property, maybe five to ten acres. I’m not near retirement and hope to be working well into old age (I’m an academic), so I need to stay near my job in Ventura County – got out of CoCo County last year. Then put away the rest in (1) college savings and trusts for my kids, (2) donations to charity and my church, (3) gifts to other family members, (4) some investment properties to generate some passive income.
I would definitely take my wife on a big Europe trip, for sure, and then maybe Hawaii.
First I’d plan for any taxes due. I’d set aside maybe 1% for celebration like a trip or general partying with friends and family. Then plan home repair/improvements and investing.
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