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what if....internet millionaire
jason77




msg:306996
 2:26 pm on Aug 21, 2004 (gmt 0)

what would you do with your money if you became an internet millionaire?

 

kodaks




msg:306997
 3:21 pm on Aug 21, 2004 (gmt 0)

Hmmm.. lets see, SPEND IT :).

grandpa




msg:306998
 4:39 pm on Aug 21, 2004 (gmt 0)

Sell the method for another million.

greenleaves




msg:306999
 5:25 pm on Aug 21, 2004 (gmt 0)

set up a little dive shop on some tropical island, and not worry about anything for the rest of my life.

Shak




msg:307000
 6:22 pm on Aug 21, 2004 (gmt 0)

make sure I didn't lose it, TWICE

Shak

gopi




msg:307001
 6:35 pm on Aug 21, 2004 (gmt 0)

>> if you became an internet millionaire?

I guess the millioneires in WebmasterWorld are just working (aka spamming ) quietly for their second or third million! ...

A million is not what it used to be ..You will be even surprised to find who are all the millionares in your neighbourhood ... Read the book "The Millionaire Next Door"

Kirby




msg:307002
 7:04 pm on Aug 21, 2004 (gmt 0)

>A million is not what it used to be

A million is relative. In the US, what a million buys in the midwest is more than what it buys on the coasts, especially real estate-wise.

In the Bay Area, 7 figures doesnt mean much. Of course some of that depends on whether you're 20 or 40.

giggle




msg:307003
 7:25 pm on Aug 21, 2004 (gmt 0)

Write another book on 'How to be an internet millionaire' and then re-invent Google.

[somebody please wake me up]

Essex_boy




msg:307004
 7:52 pm on Aug 21, 2004 (gmt 0)

Id donate a 100K to my old school - Theyd have to rename the sports hall after me though.

hated sports, running through the snow, cold showers sadistic PE teacher (whose still there).

gopi




msg:307005
 8:48 pm on Aug 21, 2004 (gmt 0)

>> set up a little dive shop on some tropical island, and not worry about anything for the rest of my life.

Romantic Idea ...it feels good to dream or talk like this but in practice i bet one will become so bored after 2 or 3 years :)

>> In the US, what a million buys in the midwest is more than what it buys on the coasts

Agreed , but still IMHO 1 Mill is a good nestegg but not something extrodinary that one can just stop working after making it!

so the title should read "what if....internet multi millionaire"

Syzygy




msg:307006
 10:13 pm on Aug 21, 2004 (gmt 0)

A UK million: I'd soundly invest two thirds of it to ensure an ongoing return. Options for half of that amount would be:

Classic bricks and mortar FTSE 250 shares;

Set up a record shop; indulge in my vinyl fantasies and seek out rarities for pleasure (whilst at the same time knowing that certain vinyl offers phenomenal returns over time...);

Set up courses for the masses teaching how to surf the web;

Finance a few up and coming chefs;

Spend a few grand on art - Scottish colourists if affordable ; )

Set up small - one, two man manual skills firms, ie, plumbers, electricians, hvac (especially hvac in the UK/EU!).

Buy, or invest in, cheap property "up North" or/and in C/E Europe;

Buy 50% in my local curry house to enable them to expand in the way they deserve;

Hmm, as for the spending money; pay for Jon Lucien [jonlucien.com] to play a personal gig in my local pub...

That's for starters - if I haven't gone bankrupt before then...

Syzygy

258cib




msg:307007
 11:53 pm on Aug 21, 2004 (gmt 0)

I have a million, US. My financial advisors tell me I can pull 5 percent a year from it.

That's $50,000 a year. No debt, thank God. No kids to send to college, either. So, I go to work every day, but it's a job that I love (usually) which doesn't pay very much. Tried an Internet deal for a while, but the love died.

So, that's what I did with my million, which took me about 25 years to make.

Macguru




msg:307008
 12:08 am on Aug 22, 2004 (gmt 0)

>>but the love died

So, your a dead millionaire? Face it now and fill the papers.

258cib




msg:307009
 1:12 am on Aug 22, 2004 (gmt 0)

>>>>So, your a dead millionaire?

Internet-wise, yeah. But, then, I'm not a web imllionaire. I wasted about, oh, $50,000 on the web biz I had. Your mileage may vary.

hannamyluv




msg:307010
 3:06 am on Aug 22, 2004 (gmt 0)

A million can be lived on if you invest wisly and don't expect to live like you have a million. I think the book that was mentioned talks about how many "millionaires" drive sensible used cars and are actually very careful with how they spend money.

I've already decided what I would do if I made a million online. Told my husband to make me walk away. It's Vegas. Walk away while I was ahead, invest the money and do something new.

gopi




msg:307011
 3:48 am on Aug 22, 2004 (gmt 0)

>> A million can be lived on if you invest wisly and don't expect to live like you have a million

Exactly , but it would not be the life of an millionare :)

There are two ways to become rich ...

One is the "The Millionare Next Door" way , working hard , live frugual and investing conservatively . The majority of the millionares in the US of A are made this way!.

Other is the "Rich Dad, Poor Dad" way which preaches the "Work smart not hard" philosophy and advises to take calculated risks! ...

The former makes you a millionare and the later makes you a multi millionare and i personally prefer the later :)

snowman




msg:307012
 3:42 pm on Aug 22, 2004 (gmt 0)

[quote=jason77]what would you do with your money if you became an internet millionaire?[/quote]

Bwahahaha! IS there such a thing anymore?

Bubbles. That's all it is, a virtual push-button economy based on building and maintaining bubbles.

"a load of grain, 4 oxen, 12 sheep, 5 pigs, 2 tubs of butter, 1,000 pounds of cheese, 4 barrels of beer, 2 hogsheads of wine, a suit of clothes and a silver drinking cup." [tuliptime.com]

Syzygy




msg:307013
 6:00 pm on Aug 22, 2004 (gmt 0)

"a load of grain, 4 oxen, 12 sheep, 5 pigs, 2 tubs of butter, 1,000 pounds of cheese, 4 barrels of beer, 2 hogsheads of wine, a suit of clothes and a silver drinking cup."

Have followed the link and must go off at a tangent; the Tulip is not a native flower of the Netherlands...

Although we associate tulips with Holland, both the flower and its name originated in the Middle East, where both are associated with turbans. Tulips were brought to Europe in the 16th century; the word tulip, which earlier in English appeared in such forms as tulipa or tulipant, came to us by way of French tulipe and its obsolete form tulipan or by way of Modern Latin tulpa, from Ottoman Turkish tülbend, “muslin, gauze.” (Our word turban, first recorded in English in the 16th century, can also be traced to Ottoman Turkish tülbend.) The Turkish word for gauze, with which turbans can be wrapped, seems to have been used for the flower because a fully opened tulip was thought to resemble a turban.

[dictionary.reference.com ]

Syzygy

vkaryl




msg:307014
 12:20 am on Aug 23, 2004 (gmt 0)

Take the money and run (as I said elsewhere recently....) - all the way to Alaska's North Slope. No neighbors, no civilization, no cars.... northern lights, quiet (yup - DEAD QUIET, because I am not afraid to be alone with my thoughts, I/myself/me, etc.), and cold/snow/ice. I would be perfectly happy.... I'm a hermit at bottom.

Unfortunately, it's not likely to happen....

skibum




msg:307015
 1:00 am on Aug 23, 2004 (gmt 0)

Take a little time off, find something I really wanted to do, head back to school, sneak in a bunch of ski trips between classes.

grelmar




msg:307016
 4:55 pm on Aug 23, 2004 (gmt 0)

By and large, invest wisely, keep working. The one "big wad" expenditure would be:

Set up a 128 machine Beowulf cluster in the garage, with a complicated heat exchanger made out of old fridge coils, set up in a way to cool the garage during summer, heat it in the winter (which would most likely mean setting up the coils on the outside wall of the garage and having it vent outside summer, inside winter. Not that technically challenging).

Have it hooked up to satellite broadband, only wire the receiver to an old 9 foot dish instead of one of the new, small, "pizza" dishes (there are mod schematics avail online to do this, you actually get a more stable connection with a large dish). Dish should be prominently displayed on roof of the garage.

The cluster should be hooked up to a large projection screen for a monitor.

Dedicate the whole works to downloading and processing units from SETI@home

The reason: Just so I can see the look on the city zoning guy's face when he comes by to ask exactly what the heck I'm doing, and I tell him, in all seriousness:

"Looking for aliens."

gopi




msg:307017
 5:04 pm on Aug 23, 2004 (gmt 0)

>> Looking for aliens

LOL , Nice One :)

trillianjedi




msg:307018
 5:09 pm on Aug 23, 2004 (gmt 0)

With a million $ you can probably just go buy an alien.

I suggest you take a look on eBay.

TJ

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