• Scrubbles@poptalk.scrubbles.techEnglish
    24·
    11 days ago

    I would retire.

    I’d buy a moderately nice place in the city I want to libe in, provably 1mil absolute max, depending on property taxes. I would then invest the remainder, ensuring that with relatively stable investments I could live comfortably on the interest going forward, with the interest covering property tax and my expenses.

    • Random Dent@lemmy.mlEnglish
      2·
      6 days ago

      Yeah that would be me too. Where I live you can get a pretty nice place for $400k+, so let’s say $500k off the principal, so $4.5 million left over. If you can get, say, 5% interest on that then you’re getting $225k per year for doing absolutely nothing. Even if you can only get, say 2% interest, that’s still about $90k/year which is not extravagant but doable.

      • Scrubbles@poptalk.scrubbles.techEnglish
        2·
        6 days ago

        90k a year without a mortgage is like, 150k a year with a mortgage, so that’s very doable even for a decent lifestyle of traveling and hobbies. At that I would probably pick up something like bartending or something that doesn’t make much but would be interesting as a part time job. Slinging beer at a brewery could be a fun way to make some spare cash

  • Mister Neon@lemmy.world
    211·
    11 days ago

    I would buy a brick house on top of a forested hill. My nearest neighbor would be a 20-minute drive away.

    I would work on my magnum opus of tabletop rpg rules, which I would convert into a video game.

    I would commission art and fund the construction of shrines to the four tezcatlipocas.

    Fund owl habitat preservation.

  • BassTurd@lemmy.world
    11·
    10 days ago

    Hire a fiduciary and pay off my debts, which I think currently is just my mortgage.

    I wouldn’t quit my job straight away. I like my team and I’m learning rapidly having them around.

    Travel more, and invest in my hobbies, picking up a couple others that currently are out of reach.

    The remaining 14.5 million would grow.

  • MNByChoice@midwest.social
    10·
    11 days ago

    Use the “4% Rule”, this would be an inflation adjusted $200K per year every year (more or less, the “4% Rule” is more of a great observation than a rule).

    I would live on a third, give a third to my family, and a third to local organizations.

      • MNByChoice@midwest.social
        2·
        10 days ago

        What do you mean? It is great for planning purposes.

        I am well versed in it, but “crappy” arguments split both in “too low” and “too high”.

  • distal@lemmy.ml
    9·
    10 days ago

    5 Million? O.K. let’s roll.

    60K for university education, should be plenty.

    40K go to paying various bills for friends and family

    100K for various charities

    1.8M go to building a non-profit high tech eco commune in Argentina or a similarly climatically stable place with features inspired by FM 2030’s book Upwingers in regards to future living

    300K go to anti-militarist causes

    500K go to various vegan groups

    200K go to building school projects in developing regions

    1M are invested into a photovoltaic power station from which I will extract a $6000 rent p.a. max with the rest of the proceeds going to a fund for disabled people and disadvantaged youths

    Last million:

    100K for travels

    100K for a communal homelab that provides hosting for FLOSS and anti-conservative politics

    200K for hackspaces

    250K for unions, they better have some conviction though

    350K for cruelty free research on rare diseases

  • Xuntari@programming.dev
    8·
    10 days ago

    I’m a developer and I love it, but hate the current state of the field. I would quit my job and start my own company. It would be a lot less scarry if I didn’t have to worry about making money. I could just make the things I wanted.

  • djsoren19@lemmy.blahaj.zoneEnglish
    7·
    10 days ago

    Leave my country, buy an old decrepit spooky mansion in a non-Western country, and spend the rest of my days pretending to be a ghost whilst using the remaining funds for small acts of charity for the nearest town/village. I wanna see if I can create a legend.