86k

[SDragon]

Hypothetical situation:


If you were offered $86,400USD ($1/second) every day, for free, and the only stipulation was that none of it could be carried over from one day to the next, would you accept the offer? Do you think you could manage to spend that much that fast? How would you try spending the money?

I'm curious what other people have to say on this :)

[Higgs Boson]

By none of it carrying over, do you mean that we could not, for example, stocks? or just magically dissapear from your wallet every night?

[Stargate525]

I'd keep investing until I got to a few millions, then re-route it all into a private account which is linked to a debit card I use to spend it.

Any balance remaining at a minute to midnight is transferred to one of several random charities.

[SDragon]

Well my idea was roughly the same as Stargate's (do law enforcement agencies count as charities? >.>), but since the idea of investing caught on rather quickly, I might as well rule that out of the question...

[Poseptune]

If I got it every day, I would not worry about what is not carried over. I would spend what I need and then wait for the next day. Anything I buy over 86K (Houses, Boats, etc..) would be on payment plans and whenever I needed to pay them I would use the money from that day.

I might also use various credit cards, and run them to their limits benefiting from whatever points plans they have then paying them off when the bills came.

I could live comfortably off 86K a day and not have to spend it all. Any left over money(including days where I would spend next to nothing), if possible, would goto some charitable cause.

[Jharviss]

First, I would hire three people to help me in spending my money.  Managing that much money every day would be infinitely tiring for a single person.  I could pay each of these people upwards to a $1,000 per day.  That would be an incredible sum right there.

A large portion would go toward philanthropic pursuits.  Perhaps I would help fund a university?  Perhaps I would donate to Adopt-a-Minefield or to a public school?  

I think I would move to India or Lebanon.  It would immediately increase the spending power of my wealth, and it would also help boost the economies around me.  I mean, most of the countries I'd go to aren't too bad off, but there would still be more spending power.

A portion would be invested in myself.  I don't need a ton, maybe $2,000 a day, and I'm living a pretty amazing life.

The rest would be put into capital investments.  If people are looking to start a company and need capital to do it, that's where I'd step in.  Real estate?  Definitely.  Those would be my favorite investments, especially since, at the end of the day, I have several areas of influence built up.  I like having my fingers in everything.

[SDragon]

It's hard not to appreciate people who have such a wonderful grasp of the term "expendable income"...

By the way, correct me if I'm wrong, but Adopt-A-Minefield isn't what I imagine it to be, is it?

[Stargate525]

ooh, real estate...

My dream of the TOC would come true!

[Higgs Boson]

I imagine I would purchase some nice things first off, such as a nice car(s), then I would begin plans of world domination.
Step 1: Create some random company with my money coming in to hide my true intents.
Step 2: Start hiring the top scientists and pay them insane amounts to develop some eco-friendly tech, and then hire physicists to create a warp engine (Someone made their PhD in physics by proving a warp engine is possible) to befriend the masses.
Step 3: Begin development (in secret) of advanced weaponry simply because military coups are fun.
Step 4: Invest in real estate in Antarctica and hire a private army.
Step 5: Using my massive amounts of land in Antarctica, I use my scientists to create a fleet of ships outfitted with my newly developed weaponry and warp engine.
Step 6: Take off, literally disappearing off the face of the earth with nearly my entire company, and create a base on another planet.
Step 7: I send my scientists and company, with a clone of myself, to take care of the stuff on the new planet, meanwhile I accelerate to near-light speed until a certain time, in which my research and new planet will be founded. I then go back w/ fleet and conquer earth.

Double-planetary domination!

[Stargate525]

I've just had a train of thought.

Income taxes are gonna be a bitch.

Then, that I'm making 31 billion bucks a year. I'll corrupt the entire government in my first year.

[Higgs Boson]

See, that's the brilliance of my plan. I corrupt the governments of the world for the five/eight years of my time there, then I leave. The people wish for something much better, and I come to rescue them from it!

[Matt Larkin (author)]

I've just had a train of thought.

Income taxes are gonna be a bitch.

Then, that I'm making 31 billion bucks a year. I'll corrupt the entire government in my first year.

Or live in a state/country with no income tax.

[Jharviss]

The name, Adopt-a-Minefield, is somewhat antithetical to things like Adopt-a-Highway.  Adopt-a-Minefield is a group meant to get rid of minefields, not the other way around.

I'm not sure the idea of creating your own nation and moving it to Mars is all that realistic.  I mean, we're talking about 31.5 million dollars a year.  There are numerous people in the world who would find that sum laughable (well, maybe not laughable, but not intimidating).  I think with this you have to remain somewhat realistic.  It's an awesome amount of money, but it's not God's own wealth we're talking here.

[Higgs Boson]

I use the 31.5million/year to found a major technology company. I then combine the 31.5million with the amount from my new eco-friendly company.

[Higgs Boson]

And besides, Mars is already populated by Transformers! Wait! I have an idea!!! On my way back to earth, from the unnamed planet probably a few thousand light years from here, I could make a"pit stop" and conquer Transformers! Optimus Prime shall be my body guard.