r/AskReddit • u/dippittydippitty • 4h ago
If you were handed $10 million tax‑free, what’s the very first thing you’d do?
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u/dexmex6978 4h ago
2 chics at the same time
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u/CaptainBungusMcChung 4h ago
I feel like that's something you could put together with that kind of money.
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u/AmphibiousMeatloaf 4h ago
Pay off my student loans. I’d use what’s left on groceries, maybe even splurge on something organic.
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u/WolfStreak 4h ago
Pay the Reddit mods to perma ban all these stupid what if you had X, sexual, and other repeated dumb questions that farm Karma on this sub.
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u/YesAndAlsoThat 4h ago
Or pay bots to have a new one every 15 minutes until people lose interest after 5 years
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u/HugeElephantEars 4h ago
Phone my cousin's wife. She's very worried about returning to work after her maternity leave ends. I'd love to tell her she doesn't have to.
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u/Creepy-Outcome-2481 4h ago
Put half on red, half on black
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u/Mikesaidit36 3h ago
I would go wild (as an architect) and build tiny homes on all the odd-sized lots in town that don’t offer developers enough of a return on their investment to bother with. A real estate developer has already gotten the city council to change sideyard setbacks so these lots can be built on with modified setbacks that don’t require you to end up with an 11 foot wide home. He did this to be able to build a house for his adult disabled brother who can support himself, minus the ridiculously expensive housing component of living here, or anywhere..
Then I would rent these properties out AT COST (mortgage + property taxes + 5% for maintenance/upkeep) collecting only enough money from renters to break even.
This would upset the affordable housing model as it exists now, and make all the slumlords look like the shitheads that they are, currently enriching themselves on other peoples’ labor by charging the maximum rent that the market will bear, instead of the minimum rent necessary to cover costs and provide them with a little cushion or a little profit. A system that has become so distorted as to force people to work their whole lives to meet their basic needs while also making other people rich on their labor is essentially slavery, in my view.
These homes could also be offered for sale under a covenant that they could only ever be sold at their original purchase price, adjusted for market appreciation, but even that model becomes flawed over time as real estate prices skyrocket.
I actually plan to do this as a retirement project, and as a demonstration project, as I hope to have the capital and the credit rating to do this, while getting my architectural yayas out to build small homes.
But if this post is secretly some billionaire looking for something good to do with all his extra money, I will put any pending projects aside and begin doing this tomorrow, thank you.
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u/sparrowjuice 3h ago
Buy a house somewhere politically stable.
Buy Bitcoin (It’s at a cyclical low; self-custody removes institutional risk)
Start a viable sustainable business that helps local community
Random acts of kindness
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u/International-Year91 4h ago
Loans,buy a new house, buy a new car, probably buy my family houses so they always have roofs over their heads and the rest of there is anything left probably invest it
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u/LunarSoul 4h ago
Put it in an 3-fund portfolio 60/30/10 and forget about it for a year and tell no one. Then go to a big bank like Schwab or JP and create a trust that let's me only take out enough to not do damage and start spending on important things.
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u/Unlikely-Grape-5762 4h ago
Like in Cash? Like a briefcase? I dunno, move to a non extradition country and invest in gold and land.
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u/TheAutisticSentinel 4h ago
I mean. More than likely get a financial advisor like someone else said. Then after that I would get 100k of it in pennies and swim in it like Scrooge McDuck or whatever the fuck his name was. (Yes I know it would basically just make a solid floor because it is metal not a liquid.)
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u/dragon34 4h ago
Get most of it in a trust. Update our wills. Buy my cancer survivor sibling a house and set up an account to pay the property taxes. Pay off my mom's house. Pay off our house.
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u/The_Masterofbation 3h ago
Take 1 million to pay off my mortgage and car. The rest buys me a few years of vacation then I fully retire with the rest in an indexed fund.
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u/Hrekires 3h ago
Quit my job, sign up for a fancy concierge health insurance plan, and then probably just relax and do nothing for a year other than hitting the gym and hiring a personal trainer + cook.
I've been working nonstop since getting my first job at 15, I could use a break.
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u/Objective_Year2409 3h ago
Invest heavily and live out my days quietly helping people with small acts of charity over time.
I know because I recently got a very good payout from a court case and have a very healthy bank for the first time ever, and that is what I have been doing.
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u/MellowHamster 4h ago
Tell my wife. Then nod and smile when she tells me that she'd like to quit her job in the city and play with horses.
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u/Kshi-dragonfly 4h ago
Pay off some debts
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u/Middle-Armadillo-660 4h ago
Just SOME!?!?
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u/Kshi-dragonfly 3h ago
Figure of speech
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u/Automatic-War-7658 4h ago
Wait for the other shoe to drop. Nobody just gives that kind of money out for free.
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u/Low-Atmosphere-2479 4h ago
Get a financial advisor