this post was submitted on 27 Mar 2026
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If you woke up a billionaire tomorrow, what's the first thing you'd do? (lemmy.world)
submitted 5 days ago by Sunflier@lemmy.world to c/asklemmy@lemmy.world
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[–] tiredofsametab@fedia.io 2 points 3 days ago (1 children)
  1. Hire an accountant. I assume I've entered some sort of tax hell for this, especially as a US citizen living overseas.
  2. pay off my house
  3. pay off US student loans since I assume there would be no way out of that
  4. send my wife to driving camp (she doesn't have her license which is a liability out here) which costs > 300k JPY
  5. set up for our retirement. We have no kids to help us, so we need to have good investments in planning
  6. put ~50 million into other investments, savings, etc.
  7. replace my car with an electric vehicle
  8. get a new tractor for my farm
  9. build out the workshop with proper tools
  10. take care of the needs of any immediate family making sure to pay off any loans they have
  11. start looking at causes to set up donations with the goal of donating most of the money
[–] MerryJaneDoe@lemmy.world 0 points 3 days ago* (last edited 3 days ago) (2 children)

It cracks me up that people are like "Hoarding a billion dollars is just morally wrong, so I'll hoard $50 million instead and be a good person."

Pick a lane, people. Hoard the wealth or don't hoard the wealth, but stop feeling guilty about an imaginary scenario.

[–] JackbyDev@programming.dev 2 points 3 days ago (1 children)

That's two orders of magnitude different. It's like a dollar versus a hundred dollars. That doesn't sound hypocritical at all.

[–] MerryJaneDoe@lemmy.world 1 points 3 days ago (1 children)

It's not though?

1,000,000,000/50,000,000 = 1:20 ratio

It's like $20 vs. $1

Except it's still not that. Because whether you've got $1 or $20, it's still a negligible amount of money.

$50 million is enough money to easily collect $1,000,000 in interest every year. Use that as income, keep the rest invested and it would still grow.

Generational wealth. The kind of wealth that creates people like Donald Trump. More money than any single person needs.

[–] JackbyDev@programming.dev 1 points 3 days ago (1 children)

Because whether you've got $1 or $20, it's still a negligible amount of money.

Again, those are an order of magnitude different.

[–] MerryJaneDoe@lemmy.world 1 points 3 days ago (1 children)

Yeah...you're going to have to remind me again what point you're trying to make?

[–] JackbyDev@programming.dev 1 points 3 days ago

An order of magnitude isn't negligible.

[–] tiredofsametab@fedia.io 1 points 3 days ago

A few things:

  1. I have no idea how much retirement would cost (with buffer for needing care in advanced age since we have no children), so I pulled a number out of my ass with a lot of buffer
  2. If invested and it grows, that's just more I can give away later. Again with the childless thing, anything we had left would go to charitable causes
  3. 50 mil is 5% of a billion dollars so ~95% of what I got would be moved to decent causes from the get-go
  4. Perfect is the enemy of good and I never claimed to have some moral highground to begin with. Doing (at least in my opinion) good things with 95% of the money given to me certainly is better than 0% of it.