Image courtesy of Gaetan Lee
The other day I wrote a post called, “The Paradox Of Our Journey For Success“. Ross left a comment asking, “…what would you really like to do with yourself if you had 10 million in the bank?“ I was about to shoot him a response in the comments, but once I started thinking about it I realized what a great Community Insight post this was make. So here it is, the question that many ask themselves, but few answer with first hand experience. I’ll start and then you guys follow up in the comments by sharing your thoughts on the question, “What would you do with 10 millions dollars?”
ME FIRST! ME FIRST!
I’m not even going to try and say that I TRULY know the answer. I don’t think anyone really does until they find themselves in this position, but I’ll share my thoughts none the less.
The first thing I would do is pay off every bit of debt that I have (which is thankfully not very much) and pay back anyone who has ever loaned me money (HI MOM!!! ). Then I would automate ALL of my bills so I wouldn’t have to EVER look at another piece of paper saying I OWED something. After this I would fix/add/upgrade everything that Liz and I have been putting off because we lacked the financial resources (hardwood floors, anyone?). This would be STAGE 1.
Next I would buy a house. We live in a nice townhouse, but have missed having a driveway, yard and space. And the idea of owning a home (not the bank owning it), is just a wonderful thought.
Then I would take Liz on the BEST vacation we’ve ever been on. We’d spare no expense, and just enjoy our time together.
Once we got this out of our system, I would then work with a financial adviser to place the remaining funds in such a way that Liz and I would never have to work again and our children could go to any school of their choosing.
OK, enough with the boring stuff.
The interesting thing about this thought is the fact that I just can’t see not working. I’m sure many of you feel the same way. It’s just that I would do whatever I wanted to do; no restrictions. I actually don’t like the idea of having such a great recourse, only to watch it either stagnate or slowly deplete. I’d much prefer using my imagination and skill set to grow it into a much greater recourse. Not so I could buy more stuff, but so I could increase the power of the possibilities.
I could see supporting many great causes and helping those who want to do great things, but just don’t have the resources. THIS is why I’d like to grow it to an even larger number. But I LOVE the aspect of freedom that it would instantly give Liz and I.
So what about you?
Have you ever thought about this? Or maybe I should be asking, “How many TIMES have you thought about this?” Do you think you’d let it go to your head? Or is the power and seductive attributes of money no match for you maturity and wisdom?