theag
Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
297%
- Jan 19, 2012
- 3,905
- 11,597
Models & bottles
SPONSORED: GiganticWebsites.com: We Build Sites with THOUSANDS of Unique and Genuinely Useful Articles
30% to 50% Fastlane-exclusive discounts on WordPress-powered websites with everything included: WordPress setup, design, keyword research, article creation and article publishing. Click HERE to claim.Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.I have a friend that likes to say that if it F@$ks, flies or floats - rent it.
That's honestly not a lot of money, you could easily go through all that. I'd still live below my means but find some way to put some of that 10 million to work.
Yachts for Sale
An exceptional selection of yachts for sale available through Worth Avenue Yachts in the US and Europe, browse our superyachts for sale.www.worthavenueyachts.com
Didn't know yachts can be that expensive, a bit over the top. 40 mill is some peasant stuff
Jim Pattision has a crazy yacht in the downtown Vancouver area, heard it costs about 6 figures to fill up just for fuel......yikes
Yachts for Sale
An exceptional selection of yachts for sale available through Worth Avenue Yachts in the US and Europe, browse our superyachts for sale.www.worthavenueyachts.com
This one's pretty nice, only 4 million dollars!
I've read this whole thread and notice that people are talking about what they would buy or rent. That's not the point here. There's a deeper question. When you have everything you need and want... and you've been everywhere you want to go -- how do you find purpose and meaning? How do you make it worth getting up in the morning? Being successful creates whole new issues. That's why many people lay down and die after they retire. For them, their lives are over when they leave their career and businesses. Or some people throw their money away and must start at ground 0 again. Many find that they have thrown away all of their meaningful relationships while they pursued their quest to the top. And there they stand alone and exposed -- with nowhere else to go.I've seen this question asked in lots of places when someone wants to know what their "purpose" is or if they're looking for an "enlightenment".
So you've just checked your bank balance and there's $10m in the bank. You've bought the nice cars, travelled a little and have all the clothes you need.
How are you going to spend each day going forward?
The answer for me would be more travel. I would like to still earn money passively (online), but I want to see as many places as this world has to offer and experience different cultures.
Funding entrepreneurs in Africa.
So much potential there
Dude. Much better idea. Then, back to my day job to figure out how to pay for slip rental.Or a down payment on a 40 million dollar yacht...
Renting is probably a better option, how many times do people even go out on their boats?
Surprisingly I wouldn’t change much. I would still eat healthy, exercise daily, build my online business and enhance my personal relationships (my current goals). Changes would be in degrees; perhaps a warm climate to live in, a slightly large house and turn in my 5 year old car with 100k miles for a newer one.
A more thought-provoking exercise is what to do if you receive $100,000 this month? Not enough to retire but enough to create/build something of value. Ideas?
$10M Yacht. Bright red.
yeah there we go. I think they rent for $1m/week. So ... a 1 week trip, $9m left in the bank. Sounds great.
Yeah ... that gives you an idea as to how much it costs to keep one of these things going. Kinda nuts.
Down to my last $10m?So you've just checked your bank balance and there's $10m in the bank.
I was thinking one of these $40m yachts.
But back down to earth ... a week long trip on one of the ones you list would be really fun
Hmm I looked around for one of those...
Luxury Yachts For Charter
Whatever your desired size, features, or amenities, we have the motor yacht charter vessel for you. Browse our luxury yachts for charter here.www.moranyachts.com
They are about 1m a week
Growing up on the water we used to call boat investments, a Big hole in the water you keep dumping money into. I saw a few boat owners too broke to pay for fuel. They’d just sit there and go up and down with the tide. Rent it instead.I googled them a bit ... apparently its a six figure expense just to put fuel in these things. They say to budget 10% of the initial purchase price as your annual operational cost. Yikes.
Yeah, I'm with @juresesko on this one. Some bonds and just any amount of interest I need to live off on, then use the rest to invest in my own business.
If there's any left over, I'd probably also put it up as funding for startups that show promise.
I googled them a bit ... apparently its a six figure expense just to put fuel in these things. They say to budget 10% of the initial purchase price as your annual operational cost. Yikes.Yachts for Sale
An exceptional selection of yachts for sale available through Worth Avenue Yachts in the US and Europe, browse our superyachts for sale.www.worthavenueyachts.com
Didn't know yachts can be that expensive, a bit over the top. 40 mill is some peasant stuff
I googled them a bit ... apparently its a six figure expense just to put fuel in these things. They say to budget 10% of the initial purchase price as your annual operational cost. Yikes.
Join Fastlane Insiders.