Random tots of nonsense... - No. 1
Striking Lottery
What would you do if you did? Let's put this imaginery lottery winning to $5M. Would you buy a house, donate money to the poor, buy a fancy car, save the money, invest the money, travel the world? With that much money, you could certainly do alot. Let me share with you my tot on 'how' I would 'spend' my $5M.
1. Buy a nice property.
You can't go wrong with buying a prime real estate. Especially in Singapore where land is scare and prime land even more valuable. Invest in property as the richer folks do.
2. Buy not a car, but 2 cars (the 2nd one is really really a KIV thing actually.. hahaha)
First car... one that suits the needs of the family. Currently, I have 7 heads to carry around during my travels.. so I need a MPV. I like the Odyssey.. so I will get the top of the line Ody with 6 airbags, In-Car Entertainment, 18" rims, and opt for VSA (Honda's implementation of ESP)
Second car...a car that is fun to drive and sporty but not too over the edge. There's alot of sport cars around and you could certainly spend alot of money on getting one.. but one brand stood the test of time, stood out to be a all-rounder (price/ride/performance). The Porsche 911 Turbo. It's a pratical sports car..I mean.. you can drive this to the wet market and not worry too much about clearing the crowd that has since gathered at your car since you left it. You can actually see who is driving behind you thru your rear-view mirror (not that it really matters cause most of the time you would be in-front anyway). More importantly.. you could actually sit more than 2 people in the car!
3. Set aside at least $1.56M for private bankers to grow your money.
You would think that you could actually put in this money in a bank and earn interests? Well, there is a dollor limit in terms of the interest rate you get for the amount of money you put in.. + you would actually earn more money by having those guys/gals in fancy suits and dresses do the hard work and make your money grow even further. All you need is at least USD$1M. (hence why the rather odd value in the SGD value)
4. Give Money away
Yes.. give it away. As easy as you got it, you also have to 'share it. Share it with your parents.. send them on holidays.. buy them gifts.. make them happy. It's about time they enjoyed life. Give money to the less fortunate. Better still, actually make an effort to help them with the money you are giving them.
5. Start a biz....
Rather than working for someone else, now you have the money... stop using the excuse that you need money to start a biz. Do something that you always wanted to do and the money will come to you. Do not work for the money but let the money work for you!
Finally, not something on spending of the money. With the 'extra' money, I would let my wife, Sharon, quit her job and become a full-time mother. We have triplets and we love them so so much. Without worrying about money, she can focus her energy to taking care of the kids.
That's about it. Tell me what would you do with your $5M dollars.
What would you do if you did? Let's put this imaginery lottery winning to $5M. Would you buy a house, donate money to the poor, buy a fancy car, save the money, invest the money, travel the world? With that much money, you could certainly do alot. Let me share with you my tot on 'how' I would 'spend' my $5M.
1. Buy a nice property.
You can't go wrong with buying a prime real estate. Especially in Singapore where land is scare and prime land even more valuable. Invest in property as the richer folks do.
2. Buy not a car, but 2 cars (the 2nd one is really really a KIV thing actually.. hahaha)
First car... one that suits the needs of the family. Currently, I have 7 heads to carry around during my travels.. so I need a MPV. I like the Odyssey.. so I will get the top of the line Ody with 6 airbags, In-Car Entertainment, 18" rims, and opt for VSA (Honda's implementation of ESP)
Second car...a car that is fun to drive and sporty but not too over the edge. There's alot of sport cars around and you could certainly spend alot of money on getting one.. but one brand stood the test of time, stood out to be a all-rounder (price/ride/performance). The Porsche 911 Turbo. It's a pratical sports car..I mean.. you can drive this to the wet market and not worry too much about clearing the crowd that has since gathered at your car since you left it. You can actually see who is driving behind you thru your rear-view mirror (not that it really matters cause most of the time you would be in-front anyway). More importantly.. you could actually sit more than 2 people in the car!
3. Set aside at least $1.56M for private bankers to grow your money.
You would think that you could actually put in this money in a bank and earn interests? Well, there is a dollor limit in terms of the interest rate you get for the amount of money you put in.. + you would actually earn more money by having those guys/gals in fancy suits and dresses do the hard work and make your money grow even further. All you need is at least USD$1M. (hence why the rather odd value in the SGD value)
4. Give Money away
Yes.. give it away. As easy as you got it, you also have to 'share it. Share it with your parents.. send them on holidays.. buy them gifts.. make them happy. It's about time they enjoyed life. Give money to the less fortunate. Better still, actually make an effort to help them with the money you are giving them.
5. Start a biz....
Rather than working for someone else, now you have the money... stop using the excuse that you need money to start a biz. Do something that you always wanted to do and the money will come to you. Do not work for the money but let the money work for you!
Finally, not something on spending of the money. With the 'extra' money, I would let my wife, Sharon, quit her job and become a full-time mother. We have triplets and we love them so so much. Without worrying about money, she can focus her energy to taking care of the kids.
That's about it. Tell me what would you do with your $5M dollars.
posted by fixed variable at 3:21 PM
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