Let’s be real, the majority of us don’t have this problem, although we would love to. If however, you were to win the lottery tomorrow, what would you do with it all? The most responsible thing would be to go to a financial planner and figure out the safest way you can invest it so that you can make a steady stream of income off of the interest. You might even look into hedge fund formation and invest like the rich. While those are all realistic and steady options, let’s pretend there’s no need for responsibility.
A Private Jet
You might think that a lot of celebrities and professional athletes own their own private jets, but odds are they rent them for long weekends. The actual price of buying a private jet can be upwards of $65 million and that’s not including jet fuel and hiring a pilot. Those who rent a private jet either for convenience or for the false picture of wealth spend about $2,000 per hour. It sounds absurd to pay that much money for one hour of sitting around in luxury, but can you imagine owning one of those bad boys?
Your Dream Home
One of the first things you’re going to update if you suddenly come into a ton of money is your home. Have you always wanted a penthouse in your favorite city? What about an oceanfront place on the coast of California? Maybe you’ve always pictured yourself owning acres in out west with a top notch barn home and amenities to match. If none of those options sound good to you, why not shop real estate abroad? Some of the most expensive cities in the world include Singapore, Paris, Zurich, Hong Kong, Geneva, and Copenhagen. If it sounds like too much traveling, don’t worry, you’re private jet will speed that up.
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Here’s one of those situations where you have to go big or go home. When we say boat, we’re talking multi-million dollar yachts. This thing could be just as big if not bigger than you’re new house and more expensive than your private jet. If you search the world’s most expensive luxury yachts, the Streets of Monaco comes in number one at $1.1 billion. Now that you’ve thrown the cash for such a huge item, can you imagine having to furnish it?
A Private Concert
The only thing that is going to convince a famous artist to come to play for you and your guests is a really good story or a huge wallet. Everyone has his or her price so if it means that much to you, there’s bound to be a dollar amount you can agree on. You might not want to blow it all on a random night, but maybe your wedding would be worth it.
Your Dream Car
Another thing you’re bound to update is your car. According to Digital Trends, the most expensive cars in the world are as follows. The Bugatti Chiron at $2.9 million, Ferrari Pininfarina Sergio at $3 million, Limited edition Bugatti Veyron by Mansory Vivere at $3.4 million, W Motors Lykan Hypersport at $3.4 million, Lamborghini Veneno at $4.5 million, Koenigsegg CCXR Trevita at $4
one say going public. If that’s not quite your speed, hire someone to do the dirty work!
Since you should give back even when you don’t have too much money to count, there’s no excuse when you have too much money to count. There are countless charities to choose from in which you can donate money. You could start a scholarship in your name, give money to a local organization, or even help an individual or specific family out directly. When you have a ton of money, you don’t miss a few thousand dollars here and there, and knowing it went to a good cause is even better.
While all of these options sound very appealing, don’t get caught up in the wealth. Realistically, you’re not going to get rich overnight and this article is never going to impact your life at all. In case it does, remember that in real life you do have to be responsible, you can’t just blow it all. Hire a financial advisor, pay them well, and live a long, happy, and comfortable life.