How to spend millions in a year?
How is this possible? Quickest way I can imagine is the costs associate with using a personal jet a lot or a mega-yacht a lot. Also large donations. Other than that, it is not easy to picture "spending" millions. If you buy an awesome house, it goes on your balance sheet. If you buy one of the aforementioned boats or planes, same thing.
I'd prefer not to hear any retarded stories about MC Hammer or lottery winners. How do heavyweight hedge fundies and successful entrepreneurs tastefully blow through obscene quantities of money? Honestly the best answers woudl be in that Richistan book, but I haven't read it.
Invest in UBS
Just kidding......sort of
Buy a sports team
You'd be spending a LOT more than a million to buy a major sports team.
I'm not sure why, but I think he's asking how you blow $1M in a year with nothing to show for it so I'm assuming he's excluding purchasing anything of value.
Personally, I'd spend it on a trip to the moon.
Celebrities blow a lot of money by pampering their entourages and having extravagant parties. Multimillion dollar weddings/birthday parties etc. are great ways to burn cash. Renting private islands and yachts is another good way.
Rent Brewster's Millions. Classic Richard Pryor.
http://www.youtube.com/embed/-9kMHiqS6Kg
Beat me to it.
I've read Richistan, and the author makes it pretty clear how quickly things add up. Taxes, upkeep and compensation (you'd be surprised how typical it is for rich people to have an army of people working for them, some of them full-time) can run people several mill a year if they're aiming for a certain lifestyle. Yachts and jets are probably the biggest expenses, even more so than real estate in many cases.
If you were just trying to get rid of it you would stay at luxury hotels or rent obscene houses and throw absurd parties. Like someone mentioned, many famous people blow through their money by chartering private jets and dragging a large entourage around. Donations to charities would help reduce your stockpile.
You could also invest it in this new solar panel company I heard the government is going to back!! LOL.
In all seriousness, if you are trying to waste money just mimic the government. You pay more for everything that it is actually worth and then frequently dispose of it.
If I was trying to burn through a bunch of cash I would probably "hire" all of my close friends and relatives, charter the largest nuclear powered vessel I could and circumnavigate the world, stopping whenever and wherever I wanted. Of course this vessel would be followed by a flotilla of ships carrying with us all of the toys (cars, 4x4s, helicopters, etc) we need to have fun at places like the North Pole, Antarctica and anywhere else we decided to go.
Regards
LFA, 458, Aventador....
Shit. Is that 1mil already?
Veyron, McLaren F1, Aventador...that's 2+ million right there.
First think about how you can earn those millions And then EARN it And only then think about how to spend the money
unhedged etf speculation
8-balls.
up your nose is one of the easiest ways to blow lots of money (pun intended).
Get married.
get married and have an affair
Hahahahah THIS!!!!!!!!! ^^
I'm starting to quite like this site. Good stuff fellers.
Models + Bottles at the Playboy mansion every day.
I live in toronto... even though i would never do this... lets play this game
1 Million a year after taxes = $38,461. per paycheque, $76,922 a month
im renting this place to live ... $15,000 a month gone... http://www.realtor.ca/propertyDetails.aspx?propertyId=10995260&PidKey=-…
Im leasing a Porsche 911 GT2RS, a Ford F150, a Mercedes Benz G500, Ducati Monster 1100 and SuperBike 1198SP, and a Maybach... $12,000 a month gone
Insurance for all those cars $5,000 a month gone
I'm eating out $50 a meal everyday .... $4500 a month gone
i need to buy clothes and have fun every week $8000 a month gone
how much is that so far? ... $44,500... shit still $32,422 left....
im gonna pay for my sister and brother to go to private school... $10,000 a month gone
I'm going to ball out in the club 7 nights a month $10,000 a month gone
im going to waste $10,000 a month trickin off on girls, models, strippers and hookers
then $2,400 a month on my dog
and put away the last $22 a month for a rainy day
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