You have $1,000,000. But there is a catch! [creativity game]

[krimsalt]

Hello fellow TM3ers. I devised an interesting game to see how creative we can all get.

OBJECTIVE:
You have wom One Million dollars, but it expires in ONE day (so maybe I guess in the form of a general debt card or temporary visa). You have to spend ALL of it.

Simple rules/guidelines:
- You cannot buy something just to sell it into real money
- You can buy an investment (i.e. buy stocks, or buy a house to rent out)
- You have to spend ALL of it (generally rounded of course, doesn't have to be to the exact dime)
- Buying something to gift is okay (like buying your girlfriend/boyfriend a new car)
- Considering the time limit, the list must be purchasable in one day's time (so if you buy a boat, that's assuming you already have your license, or you can't say you'd fly to five different countries to buy different houses because it would take too long). But you can still buy something that requires time to come, like mods for a car, as long as it's already purchased.


Show your shopping list. For example;
- Item 1: approx $500,000
- Item 2: approx $200,000
- Item 3: approx $50,000
- Item 4: approx $250,000


I hope to see some fun creative answers :) I'll post mine in a bit!

[Default User]

Donate every cent of it

[stevenma188]

House: $683,000
Used Nissan GT-R + Mods/Upgrades: $100,000
e30 BMW with S52 Swap: $15,000
Diamond DA-40 XLS : $200,000
Bicycle - $2,000 (Specialized EPIC or similar)

[jab]

house: 400,000
cottage:100,000
toys for cottage: (sea doos, atvs, dirtbikes):80 000
98 ferrari 355 spider (slightly used): 100 000
family(3 people): 300,000
vacation: 10, 000
apple stocks:10 000

[stevenma188]

You are buying 3 people for $300,000?

[loki]

house: 400,000
cottage:100,000
toys for cottage: (sea doos, atvs, dirtbikes):80 000
98 ferrari 355 spider (slightly used): 100 000
family(3 people): 300,000
vacation: 10, 000
apple stocks:10 000

Where you gonna buy a cottage for 100 grand? Yellowknife?


And I don't understand how anyone would find a house in 1 day. There's a lot of shitty houses out there for $700k

Unless you go buy a brand new cookie cutter house in the suburbs, no offense to those that live in the suburbs...


Cool thread though, to see how people would spend their money

Edit.

1. Pay off my remaining $200k mortgage

2. buy $800k in savings bonds

[mounir]

You are buying 3 people for $300,000?

+1. Slightly confused. LOL

[stevenma188]

1. Pay off my remaining $200k mortgage

2. buy $800k in savings bonds
Oh come on man, that's soooo lame. Do something exciting with the money.

[-cj-]

I'd buy $1million dollars worth of gold bars/coins.

[bluntman]

I can't do much on a Sunday. :(

[aZuMi]

I can't do much on a Sunday. :(
lol

Assuming I can claim the prize on monday..

Buy 2 Condos downtown and rent it out - $700,000
Other investments/Mutual funds - $100,000
Give money to my family and Church, total - $100,000
Down payment for house - $100,000

[krimsalt]

^^^ lol... $700,000 would probably be one condo downtown.. unless you want to buy two condos that are 100 square feet

[hamza7]

House 600,000
Porsche 996: 100,000 (Used)
Mercedes S63 90,000 (Used)
All waxes every made 50,000 (Zymol Solaris, Vintag. SwissVax Divine etc....)
Hayabusa 10,000 (Used)
Optima Steamer 5,000
New electronics (Computer, Ipad, sound system) 5000
Watches (New and Used) 145,000 <---I think that's what I have left

[Unoriginalusername]

all of it into a cash generating business (like a storage facility). use the monthly generated cash-flow to pay off mortgage etc. and then buy the toys once enough is saved

[Hoodzy]

Item 1: Gold Bars

[jab]

Where you gonna buy a cottage for 100 grand? Yellowknife?


And I don't understand how anyone would find a house in 1 day. There's a lot of shitty houses out there for $700k

Unless you go buy a brand new cookie cutter house in the suburbs, no offense to those that live in the suburbs...


Cool thread though, to see how people would spend their money

Edit.

1. Pay off my remaining $200k mortgage

2. buy $800k in savings bonds

My cottage my family currently owns ( manitoulin island ) was bought for $26,000 15 years ago on a 2 acre lot. We tore it down and built a 2 story house including a basement, so that is where an $80 000 cottage comes from.

and @stevenma188: the 300 000 would be split between dad, mom and sister $100 000 a piece. Sorry for not clearing that up more.

[stevenma188]

@stevenma188: the 300 000 would be split between dad, mom and sister $100 000 a piece. Sorry for not clearing that up more.

:( That's not that exciting. Human trafficking would be way cooler.......

[The Wolf]

My cottage my family currently owns ( manitoulin island ) was bought for $26,000 15 years ago on a 2 acre lot. We tore it down and built a 2 story house including a basement, so that is where an $80 000 cottage comes from.

loki's cottage:
http://1.bp.blogspot.com/-Haei2W_4R80/Ta3eaT8QnwI/AAAAAAAAHak/lb4xAYM_T6Y/s1600/Muskoka-Cottage-Mansion-02.jpg

[aZuMi]

^^^ lol... $700,000 would probably be one condo downtown.. unless you want to buy two condos that are 100 square feet

I don't know where you get your prices, but if u spend $700k on 1 condo, then your getting yourself a bad deal. Lol.

[loki]

$700K on a condo is not a bad deal, not in downtown toronto and not for something with 2+ bedrooms


Loki doesn't own a cottage since I'm the first one of my family to live here. I have been looking recently though and for anything decent on the water you start around $250k. This is in the minden area.

[aZuMi]

$700K on a condo is not a bad deal, not in downtown toronto and not for something with 2+ bedrooms


Loki doesn't own a cottage since I'm the first one of my family to live here. I have been looking recently though and for anything decent on the water you start around $250k. This is in the minden area.

I guess that's ok if you're looking at 2+ beds, but 1+1 for renting is perfectly affordable.

[loki]

I guess that's ok if you're looking at 2+ beds, but 1+1 for renting is perfectly affordable.

even the prices of the 1+1's have gotten pretty ridiculous over the past 10 years.

my best friend and his wife just sold their 1 bed + den at Bloor and Spadina last week for $450k. That's pretty crazy considering in 2000 you could get something pretty nice for around $200k.

But as far as investments go, the 1 bed + den is what everyone wants. solid investment.

[iconicrocket]

Donate every cent of it

This makes sense to me. Since some one is giving me that money why not get a tax break from CRA. lol

[sammifan]

1)downtown condo to rent out - $650,000
2)2013 GTR + mods - $150,000
3)new car for my mom - $50,000
4)$50,000 each to the 3 members of my family

[SilentJay]

1. Deposit entire amount into a GIC or other guaranteed vehicle
2. Work, but party like a rockstar too

[STeeLy]

Pay off Mortgage: ~$140k
Pay off student loans: ~$15k
Buy new car: ~$50k
Invest: ~$100k
Give to parents: ~$300k
Throw into Bank Account: ~$100k
Donate: The rest

[leungalv]

Buy a time machine from Stewie on Family Guy: $300,000
Go back in time, invest in Facebook: $700,000

[slam525i]

$1 million doesn't lead to much creativity, sadly.

$1 million @ 1.5% (typical 1-2 year GIC rate) = 15k per year. Certainly not enough to quit the day job. Great for paying off debts so you're no longer in the hole, but not great for "growing wealth". I guess I'm boring. If I had an extra $1 million, nothing would change.

[loki]

$1 million doesn't lead to much creativity, sadly.

$1 million @ 1.5% (typical 1-2 year GIC rate) = 15k per year. Certainly not enough to quit the day job. Great for paying off debts so you're no longer in the hole, but not great for "growing wealth". I guess I'm boring. If I had an extra $1 million, nothing would change.

your spending may not necessarily change but you'd be alot more comfortable financially, unless you're a millionaire now. In which case you should be on a different forum, unless you're looking on tips to turn a speed3 into a lawnmower to cut the grass at your mansion.

[fywdyl]

Give all of it to my fiance, and then ask for it back after the day's over (yep, bending the rules).

or

$1,000,000 on black.

[loki]

$1,000,000 on a black c***

fixed

[slam525i]

your spending may not necessarily change but you'd be alot more comfortable financially, unless you're a millionaire now. In which case you should be on a different forum, unless you're looking on tips to turn a speed3 into a lawnmower to cut the grass at your mansion.

No, I totally agree. I'd be much happier with a million in the account for being more comfortable and secure, but it's not as much money as people think it is.

If I had a million dollars, I'd still drive my 3, given the income level doesn't hugely increase with the extra million. You can't buy a mansion for a million. Heck, you can just manage to buy and renovate a good 2-bedroom condo downtown for that money.

[loki]

Heck, you can just manage to buy and renovate a good 2-bedroom condo downtown for that money.

so sad and so true

[fywdyl]

fixed

Should've said red....

[Pereira11]

1. pay off mortgage $150 000
2. purchase 2 additional rental units in my building $500 000
3. 2013 BMW M3 $80 000
4. trip to Vegas with lots of gambling money $35 000
5. down payment on additional house $200 000
6. Breitling Super Avenger $5 000
7. used Honda CBR 1000RR Repsol with gear $8000
8. brand new GSX-R 600 $10000
9. used Ninja 250R for the gf $5000
10. Insurance payments for these damn toys $7000

[loki]

still waiting to see what Krimsalt would do with his million

[krimsalt]

still waiting to see what Krimsalt would do with his million

Lol... still deciding... So far the only thing is buy and STi and pay off my mortgage :P

[PCLoadLetter]

1) Two chicks at the same time man.
2) I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...
3) I would relax... I would sit on my ass all day... I would do nothing.

[S.F.W.]

1,000'000
450,000 - buy house in the burbs
70,000 build awesome garage for house*
35,000 buy my sister a cx-5
25,000 hyundai veloster for GF
75,000 1967 chev impala super sport 427 for me
200,000 buy gold bars
25,000 all inclusive family trip to Israel
10,000 in red wine mixed between spanish bodegas and Bordeaux chateaus*
10,000 to Jimmy, to prepay for future services
80,000 - one night party with friends, hookers, and blow
20,000 - insurance and gas for a year for my 67 impala

[krimsalt]

Ok... My response finally:

- Brand new 2012 Subaru Impreza WRX STi with Technology Package: $50,000
- Pay my mortgage off fully on my condo and rent it: $200,000
- Buy a small house in Scarborough for me, near the STC: $500,000 (avg is $484,000)
- Buy the furnishing for the home (not from Ikea): $10,000
- Pay my tuition for school: 10,000$
- Buy a new home in the suburbs to rent out: $230,000

[McGuyver_3]

give everything to my parents as a "donation"

[slam525i]

200,000 buy gold bars

Only if they're really small gold bars... A standard gold bar is over 400 ounces (yes, I had to look it up.)



- Buy the furnishing for the home (not from Ikea): $10,000

When I moved to my current place, I told myself: "No more Ikea crap."

That was until the GF saw how much the Italian glass & steel dining table I wanted was. (I thought $2500 for a dining table was "reasonable".) In the end, I got a lot of Ikea crap, and I ended up crying like a girl about how I'm still stuck with Ikea crap. At least I got my sofa before she interfered! Point is though, 10k isn't enough to furnish a house nicely. Not even enough to furnish a condo well.


Anyway, to get back into the spirit of the game, if I can't invest it, I'd buy a Mooney Acclaim S (http://www.mooney.com/acclaim-type-s/overview.html). Then I'd spend the rest (whatever little is left) on buying hanger space at an airport, and training to make sure I don't kill myself in it. I'd NEVER have to take a domestic flight in North America ever again.

[Booostin]

buy a million worth of coke and snort it off a hookers ass

[Freakzaz]

A house or condo - $450,000
Tuition for mba - $50,000
Something for parents (rules say no cash I guess) - $500,000

[Kiyomi]

buy mom similar style camaro which she used to have and mod it - $100,000
Buy 10 tickets for friends and self for a cruise or trip all expense paid - $20, 000
bungalo up north around barrie - $500, 000
pay tuition for 2 more degrees in college or uni - $100,000
buy and rent out a cottage up north bay - $280,000.
quit my part time job for now, finish certifications, and enjoy every minute of summer - priceless

[MarkWB]

Budget: $1, 000, 000

1) Buy a house with a pre-divided basement ($500, 000), begin searching for tenants.
2) Buy my mom a new, more comfortable car ($50, 000)
3) Invest $250, 000 in stocks and bonds, give out half to my family and friends
4) Mod out my 3 to the absolute max, but leave the work up to the designers/mechanics so I have time for the list ($50, 000)
5) Buy an E92 M3 (my dream sports car) ($85, 000)
6) Pay my insurance off for however long 50 grand covers ($50, 000)
7) Furnish my new house entirely, but hire a designer to all the work, so I have time for the rest of list, and go all out doing it ($50, 000)
8) Throw the party of a lifetime ($15, 000)

[S.F.W.]

Budget: $1, 000, 000

1) Buy a house with a pre-divided basement ($500, 000), begin searching for tenants.
2) Buy my mom a new, more comfortable car ($50, 000)
3) Invest $250, 000 in stocks and bonds, give out half to my family and friends
4) Mod out my 3 to the absolute max, but leave the work up to the designers/mechanics so I have time for the list ($50, 000)
5) Buy an E92 M3 (my dream sports car) ($85, 000)
6) Pay my insurance off for however long 50 grand covers ($50, 000)
7) Furnish my new house entirely, but hire a designer to all the work, so I have time for the rest of list, and go all out doing it ($50, 000)
8) Throw the party of a lifetime ($15, 000)

Congrats on winning a million dollars, you now have a $50,000 debt.

[loki]

Congrats on winning a million dollars, you now have a $50,000 debt.

maybe he should spend some of that money on math lessons.

although I don't know what kind of party of a lifetime you can throw for 15 grand. they'll have to be like 7 guests and really really dirty hookers...

snorting bath salts of a dirty hookers ass?!?! hells yeh!

[MarkWB]

maybe he should spend some of that money on math lessons.

although I don't know what kind of party of a lifetime you can throw for 15 grand. they'll have to be like 7 guests and really really dirty hookers...

snorting bath salts of a dirty hookers ass?!?! hells yeh!

LOL, not sure where you're buying your drugs and alcohol, but 15 k should cover enough for about 50 people. As for food? Anyone whos too good for pizza isn't invited anyway.

As for the math error Ami, cut out the designer then. I'll stick my bachelor sized furniture in my new half a million dollar house and call it a day. My guests can sleep on the hardwood. :P

[p-o-g-i]

Hello fellow TM3ers. I devised an interesting game to see how creative we can all get.

OBJECTIVE:
You have wom One Million dollars, but it expires in ONE day (so maybe I guess in the form of a general debt card or temporary visa). You have to spend ALL of it.

Simple rules/guidelines:
- You cannot buy something just to sell it into real money
- You can buy an investment (i.e. buy stocks, or buy a house to rent out)
- You have to spend ALL of it (generally rounded of course, doesn't have to be to the exact dime)
- Buying something to gift is okay (like buying your girlfriend/boyfriend a new car)
- Considering the time limit, the list must be purchasable in one day's time (so if you buy a boat, that's assuming you already have your license, or you can't say you'd fly to five different countries to buy different houses because it would take too long). But you can still buy something that requires time to come, like mods for a car, as long as it's already purchased.


Show your shopping list. For example;
- Item 1: approx $500,000
- Item 2: approx $200,000
- Item 3: approx $50,000
- Item 4: approx $250,000


I hope to see some fun creative answers :) I'll post mine in a bit!

I can't remember the name of it, but there was a movie based on this similar idea back in the 80's (maybe 90's) where the guy had to spend $X in order to win $X. Damn it, I wish I could remember the name of it.......

[loki]

I can't remember the name of it, but there was a movie based on this similar idea back in the 80's (maybe 90's) where the guy had to spend $X in order to win $X. Damn it, I wish I could remember the name of it.......

supermarket sweep?

[She_Prime]

1) Pay cash for custom built house (500,000)
2) Pay off all debt (student, car, personal) 100,000
3) Pay off parents debt 150,000
4) Buy a new car 50,000
5) Invest the rest between my current investments (son's RESP, my RRSPs)

I'm boring...

[Slipstream]

1. Buy $1,000,000 worth of RIM stock *let the flaming begin* :D

[loki]

1. Buy $1,000,000 worth of RIM stock *let the flaming begin* :D

so what you're saying is you'd buy RIM

[Slipstream]

so what you're saying is you'd buy RIM

Actually yes I would. I would take the gamble.

[krimsalt]

^^ Lol....

[Jeff-TheBiz]

I can't remember the name of it, but there was a movie based on this similar idea back in the 80's (maybe 90's) where the guy had to spend $X in order to win $X. Damn it, I wish I could remember the name of it.......

Brewsters Millons (1985) - Richard Pryor, John Candy.... http://www.imdb.com/title/tt0088850/


1) Pay cash for custom built house (500,000)
2) Pay off all debt (student, car, personal) 100,000
3) Pay off parents debt 150,000
4) Buy a new car 50,000
5) Invest the rest between my current investments (son's RESP, my RRSPs)

I'm boring...

I wouldn't say boring... just practical.

I would pay all my debts, pay my familys debts, and then all inclusive 2 week cruise booked for all of them.. the rest I would roll around naked in, so the bank wouldnt want it back..

[fywdyl]

the rest I would roll around naked in, so the bank wouldnt want it back..

If you don't tell them, they wouldn't know....