What Would You Do If You Had $5M?

"PS9" (PS9) 10/09/2015 at 20:00 • Filed to: None

2

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Here’s my major purchasing list.

CTS-V

$300k for a house

$3M in investments

Remaining $1.6M in normal Checking/savings. If the investments fall through, I still have that at least. I imagine myself pulling a DeMuro and just rolling through a bunch of (non-supercar) interesting vehicles to keep me entertained.

C62030 > PS9 10/09/2015 at 20:03

0

1. Tesla Model S and Model X

2. Citroen SM

3. Mazda MX-5

4. Lamborghini Aventador Roadster

5. Porsche 918

Everything else goes into house, food, other loser items, etc.

LongbowMkII > PS9 10/09/2015 at 20:03

8

5 million dollar crack party.

XJDano > PS9 10/09/2015 at 20:05

1

I’ll let you know if I win Mega millions tonight.

Defiantly a pole barn or shop for all my POS beaters.

PS9 > LongbowMkII 10/09/2015 at 20:05

1

Damn son that’s a lot of crack!

SVTyler > PS9 10/09/2015 at 20:07

0

1. Exige

2. Viper ACR

3. Restore the Focus to factory new

4. $100k for a lake-front house in the town where all my family lives

5. $50k to make that house totally dope

6. ~$200k for some jetskis, a wakeboard boat, and pontoon boat

7. ~$2k for a shitty beater pickup to pull said boats

8. $1mm to my mom so she never has to work again

9. Invest $2mm

10. Donate the rest to animal shelters or some shit, I dunno

CB > PS9 10/09/2015 at 20:08

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1. Pay off my student loans.

2. Travel out west to see my girl, get her something nice.

3. 2016 Subaru WRX.

4. Talk to an investor friend, give him $2 million to make grow, save the rest.

LongbowMkII > PS9 10/09/2015 at 20:11

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It always goes quicker than you think it will.

TheHondaBro > PS9 10/09/2015 at 20:13

1

I’d get an education, and have none of it left.

f86sabre > LongbowMkII 10/09/2015 at 20:14

4

You need to adjust. Hookers and blow is the correct answer

not for canada - australian in disguise > PS9 10/09/2015 at 20:16

1

I’d buy 998 Miatas, and spend the remaining 10 grand on a jetski, because jetskis are awesome.

PS9 > TheHondaBro 10/09/2015 at 20:17

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$5M for an education? You going for a PhD in every field? Aiming to be this guy?

TheJWT > PS9 10/09/2015 at 20:18

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1. Set some aside to pay for school

2. Tag Heuer Monaco

3. An apartment in my favorite building

4. My dream car

5. My other dream car

6. A pack of Corgis

Save the rest...

TheHondaBro > PS9 10/09/2015 at 20:18

2

Nope, just a simple bachelor’s degree. That’s the going rate for one of those, right?

Snuze: Needs another Swede > PS9 10/09/2015 at 20:19

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Small farm for my mom and sister to keep their horses on/build a family compound (~ $1 mil)

Porsche 911 GT2RS for my dad ($250k)

91 IROC-Z +$30k for me to wrench on ($35k)

House for wife and I ($400k)

New motorcycle - probably 2, a sports bike for when I want to go fast and a cruiser to take the wife on ($30k)

$150k to round out my gun collection and purchase a generous cache of ammo so I can shoot on the above family compound ($100k)

Invest the other $3 mil and live off the interest

PS9 > not for canada - australian in disguise 10/09/2015 at 20:24

1

But that would deplete the US Miata supply, and skyrocket the prices beyond which a normal poor enthusiast could afford, you monster!

djmt1 > PS9 10/09/2015 at 20:26

1

1. Set aside $1.5M for family

2. Invest $1.5M

3. Do up my home.

4. Go Shopping!

PS9 > Snuze: Needs another Swede 10/09/2015 at 20:29

7

I did some calculations and a 7% on $3m means a $200k a year return.

PS9s guide to becoming rich;

Step one: Be rich.

Urambo Tauro > PS9 10/09/2015 at 20:30

0

$5 million: that’s after taxes, right?

$1 million savings/investments

$2 million charities

$1 million gifts

$400,000 house/garage

$300,000 cars

$300,000 checking account

PetarVN, GLI Guy, now with stupid power > PS9 10/09/2015 at 20:30

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1. Invest $3 mil with an investment firm, making sure that there’s an 8-10% R.O.E. per annum.

2. Buy this house:

http://www.zillow.com/homes/for_sale…

and renovate\fix up to my (quite modern and sleek) tastes. all said and done, it should be around $1 mil

3. Buy the following vehicles:

a) 2014 Porsche 997 911 Carrera GTS in Carmine Red (~$170,000)

b) 2015 BMW M5 in Monte Carlo Blue (~$110,000)

c) 2014 Chevy Silverado LT (Z71) single cab long bed 4X4 in Rainforest Green Metallic (~$40,000)

d) couple of Sea-doos! (~45,000 with trailer)

T5Killer > PS9 10/09/2015 at 20:33

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1. Put a Coyote/TR606/IRS in my 95 Cobra

2.$400k in a custom house.

3.Buysome land in northern NM and build a very nice eco friendly cabin.

4. Invest $1.5M

5. Keep the rest around in a checking account except 250k for each of the kids that is a trust fund for when they are older.

PS9 > djmt1 10/09/2015 at 20:33

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Wait; DD the McLaren, Track the RR, rally the Jag? But...but...

...ehh, it’s your money. Do what you want, you weirdo.

Dsscats > PS9 10/09/2015 at 20:37

2

$2,000,000 put away for a rainy day (read: slowly gaining interest)

$1,500,000 on a nice house in my current area

$100,000 on bringing in/titling a very nice Millenium Jade R34 as a daily

$50,000 restoring and modifying my current Z32

$50,000 building an RB26 powered 240Z

$300,000 on a Ford GT

$150,000 on a built R35 GTR

$200,000 on a Hako GTR

$100,000 on a Hako GTR sedan

Spend the remaining $1,050,000 renting a warehouse and setting up a company importing 25 year legal cars.

Delta Five Nine > PS9 10/09/2015 at 20:38

0

I’d spend less than $300k on cars and then blow the rest trying to make a race team. Sure, the money would be gone.. but racecars.

911e46z06 > PS9 10/09/2015 at 20:41

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Zonda, 50ish foot boat and slip, and all the rental properties. With my $4 million I could buy 15 or so houses in the $300k range. Rent them out for 2 or 3 grand a month each. That translates into minimum $300 grand a year after expenses for the rest of my life.

Snuze: Needs another Swede > PS9 10/09/2015 at 20:41

1

Exactly.

All the people I know who are rich were either born with it or both worked hard and had a little luck to get very well paying jobs, and then they lived like paupers for 20 years to save up that few mil to start banking on interest.

I’m busy being young(ish) and having fun, spending my money on motorcycles, cars, guns, and beer... going out with my friends, doing stupid shit, having adventures. I’d rather die broke and have a million stories, than have a million dollars and a wasted life. But that’s just me a I guess.

boxrocket > PS9 10/09/2015 at 20:42

0

McLaren P1, 675LT, 650S Spider, and 570S.
Renovate my owned house.
Purchase a house in Hawai’i.
Mazda CX-5 Grand Touring,
Volvo XC90 Inscription T8 AWD,
Range Rover Sport Supercharged SVR
Aston Martin Vantage V12 Volante,
Jaguar F-Type S convertible,
A new wardrobe for myself and my wife, that is, exquisitely tailored clothes of super-nice materials.
Subscribe to regular housekeeping services.
My wife and I finish both our degrees and put money into future kids’ college funds.

Let’s see, that leaves me with roughly $2.5 million left....
Invest a large chunk.
Stash a large chunk in savings.
Donate another chunk to a few charities.
Contribute the rest to finding a cure for my wife’s rare cancer.

JR1 > PS9 10/09/2015 at 20:46

0

CTS-V

Auburn 851 Boattail Speedster

(Used) Mercedes S600

Corvette Zr1

Ford GT

1955 Continental

And the rest I would spend on adult stuff

not for canada - australian in disguise > PS9 10/09/2015 at 20:51

1

¯\_()_/¯

V12 Jake- Hittin' Switches > PS9 10/09/2015 at 21:04

0

New S600

S65 coupe

Suburban

House

Savings

MM54 > PS9 10/09/2015 at 21:10

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Let’s see, in no particular order:

* Buy land in somewhat out-of-the-way area nearby
* Build modest house on said land (2-3 bedroom, 2 bath, maybe 1400-2000 square feet. Woodshop in the basement)
* Hire someone to maintain that land, clean the house, etc
* Build suitably sized garage (10-12 car, heated, two lifts - a 2-post and 4-post, machine shop on one end, storage on the other, and that epoxy stuff on the [heated] floor)
* Cover my parent’s living expenses, within reason
* Buy a daily driver that isn’t literally falling apart
* Save the rest of it to have fun with when called for
* Confuse everyone as to why I haven’t quit my job
* Buy field and set up a rallycross course BECAUSE NOBODY ELSE IN THE TRISTATE AREA DOES IT

MM54 > Dsscats 10/09/2015 at 21:13

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Starred for that last part - if I win this same lottery it can be a joint venture

LongbowMkII > f86sabre 10/09/2015 at 21:14

2

And SHARE ?! No thanks buddy.

Dsscats > MM54 10/09/2015 at 21:20

0

Personally, I’d own all non-25 year cars if possible, but the real money is in 25 year cars, and it would be fun as hell.

Niquemarshall > PS9 10/09/2015 at 21:22

0

E63 AMG-S wagon

AMG GT S

House in North Cal

Purchase stocks/shares

Purchase Gold to back my money lol

Save the rest

MM54 > Dsscats 10/09/2015 at 21:33

1

Planning longer-term, could buy up 20-25 year olds and be ready to sell them the day they turn 25. Keeps costs down from buying cars that need sat on for a decade, but still keeps you on the front line for fulfilling demand.

DoYouEvenShift > f86sabre 10/09/2015 at 21:43

1

Dammit beat me to it.

I drive like I'm playing GTA 5 > PS9 10/09/2015 at 21:48

0

Buy a house with a decent plot of land.

Put one of those metal building/garages in the back yard.

Buy ‘67 impala, restomod, have a real life version of the one in supernatural (guns safe trunk included)

Build a FM modified westfield.

Invest a bunch

??????

Profit.

Noah - Now with more boost. > PS9 10/09/2015 at 22:02

0

4.8 mil in the bank/invested and $200k of hot garbage:

1. Euro 635csi with buffalo hides and the dogleg.

2. 88/89 635 with a 5 speed, just like my first car.

3. An E23 745i

4. C4 Corvette with that silly 4+3

5. Land Cruiser overlanding rig

6. A new 911 to DD

Caleb "If a rally car can do it, so can my Malibu" M. S. > PS9 10/09/2015 at 22:07

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1. Range Rover Supercharged

2. Audi R8

3. Porsche Boxter Spyder

4. Mazda MX-5 Miata

5. Ducati Scrambler Urban Enduro

6. 100k in a “car account” for upgrades, repairs, new cars, etc

7. $2M in investments

8. $1.5M house

$1M for savings. I’m sure it would go faster than I would like.

Van Man, rocks the Man Van > PS9 10/09/2015 at 22:12

0

1. Ferrari F40

2. ~$500k house

3. Ford F-150

4. Invest/save ~$1 million

5. Donate the rest

Nymphicus Hollandicus > PS9 10/09/2015 at 22:27

0

CPO Acura TL 6-speed

1967 Pontiac Firebird

Triumph Bonneville

House

Rest for other things

Milky > PS9 10/09/2015 at 22:37

0

Immediately do:

plus a mies van der rohe townhome (~200k in Detroit)

and invest the rest / figure out what to do with my life.

Blunion05 drives a pink S2000 (USER WAS BANNED FOR THIS POST) > PS9 10/09/2015 at 23:16

0

AP1 S2000, ~$14k.
Lotus Exige, $45k.
NA1 NSX, ~$40k.
Brand new ZL1 Convertible, ~$60k MSRP.
Brand new Alfa Romeo 4C, $54k MSRP.
Find somebody willing to break even on what they purchased their Ninja H2 for, ~$30k.

Total cost: $243, 000

Purchase 2 acres of land some where close to the local race track. ~$24k.
Pay to build a 4 bedroom home with 2 bathrooms, 1 living room, kitchen, and dining room. Garage should be able to hold six cars with spacious walking room between the cars. ~$, all in on materials and construction?

New total: $1, 267, 000

Purchase a Ford GT for my dad. ~$300k.

New total: $1, 567, 000

Invest $2 million in buying properties and renting/leasing them out.

New total: $3, 567, 000

Set aside $1 million into a checking/savings account.

New total: $4, 567,000

Give $400, 000 to my mom and that will be her vacation fund. $33, 000 for whatever the hell she wants to spend it on.

That’s all $5 million!

Your boy, BJR > PS9 10/09/2015 at 23:40

0

Cadillacs.

PS9 > Your boy, BJR 10/09/2015 at 23:46

1

How you gonna tell me that I don’t push ‘lacs?
Caddy Eldorado 5th wheel on baaaaaack

Your boy, BJR > PS9 10/09/2015 at 23:50

0

So daddy come home in a Cadillac Brougham, Cadillac Brougham

Saazbaru > PS9 10/10/2015 at 04:54

0

Okay I’ve thought about this too much:

$3m in investments

Buy all of these:

~$9k for a 4x4 V6 Toyota truck

~$3k for mods

~$20k for a Barracuda Formula S

~$20k for a rebuilt modern motor and a 5 or 6 speed Tremec and suspension mods

$8k for the car

$12k for a full restoration

$50k to build high spec suspension and make driveline a high revving 500hp LS with a TR6060 backing it up. Full custom “AMG Style” wagon

$25k for the car

$25k to make it perfect

$25k for an immaculate Rebello Z

$50k to build a Celica GT4 rally car

$214,900 for a 2005 Mooney Bravo

Buy a nice house and property for about $1 million

Spend $500,000 on building a small private race track and rally course

Spend remaining $30,000 on cool gear as necessary

whatisthatsound > PS9 10/15/2015 at 12:03

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3.5 Million Investment. 500k separated into 100k CD’s in a 1, 2, 3, 4, 5 year CD’s on rotation. Buy a 400k$ house, a brand new Viper + used RS7 + whatever the lady wants = 300k$. Pay off all my debt with another 30k$. Donate 100k to Big brothers Big Sistes. So far I’ve spend 4.83 million. The last 150K goes to two 15 day vacations and in my checking account for randomness.