If I Came Into Some Money

We’d have fun! Here’s what I would do. What you would do if you had a ton of extra money?

Here’s what I would do if I came into some money!

You might be shocked.

Brace yourself and hold on tight.

Timothy Key wrote about what he would do if he were rich based on a writing prompt of on the same topic by Kevin Buddaeus.

What do the rich types who capture our imagination do with their money?

Here’s what I would do. I am going to explain after a little mental exercise.

To get your mind properly thinking, here are some cultural clues as to what we think the wealthy do with their cold hard cash. Or, Bitcoin. Or, ETFs. Or, writer’s monthly checks I read about here in “how to” articles.

Become the Next Jordan Belfort?

Remember “The Wolf of Wall Street?”

Or, Maybe the Fabulous Jeffree Star?

Or, maybe take a look at Jeffree Star’s new house with a $15,000 per month property tax:

All pretty Richie Rich.

Cars, pools, yachts, fluffy dogs, pretty women and men, dancing, dollar bills raining from the sky — everyone who is rich is like that. Am I right?

At least what I see on YouTube.

And, movies.

And, music videos.

Here’s my financial plan if I had some money

I would remain in my low overhead mode I have right now.

I wouldn’t buy a lot of things that wouldn’t necessarily make me happy.

I would do what Timothy Key talks about. Invest the money so that a sustainable return could be made that wouldn’t affect the principal. I would look for some inexpensive land someplace and buy a small house in the countryside. I enjoy the solitude and the property would be a lot less expensive than closer to the city. Property taxes and other costs would be less than in more urban areas. The cost of living would also be less.

I’d Be A Trust Fund Baby

I would put my money into a trust for me and for my kids to protect it and to make sure my special needs child still received his benefits, since he might not be able to earn enough to pay for his care, if he wasn’t eligible for the benefits he receives now.

I would hire a professional to set up the trusts so that I and my kids can live a decent lifestyle, while keeping the money safe from creditors and others.

I am not a trust and estates professional, but I do know my youngest son would need his money put into a special needs trust because he has autism.

No “Making It Rain” For Me

I would still live frugally like I do now. I would try to keep the bulk of the money available for my youngest son, as well as some for my older one. But, the goal would be to insure that the majority of the funds would be available for a long time. It would help my youngest son to be able to enjoy things that he might not be able to when he is older and we are no longer around.

It isn’t exciting to think about estate planning. I have found that money is nice but it doesn’t make me happy. If I know I have a place to live, food, transportation, some pocket money, and communications, I’m pretty content. That is why I would love to move out into the countryside since sitting out and watching the sunset from a back porch is a perfect start to an evening.

I Would Travel

I wouldn’t mind taking a trip here or there, or going into the city, but I don’t need to spend to have fun. The experience of seeing a new place is thrilling for me. I don’t need to go first class — unless I’m flying overseas. Then, I will spring for that since it makes traveling nicer.

Calling other writers to join in the fun

I’m curious what others would do if they were rich. Tagging: Sherry McGuinn, Holly Jahangiri, Marla Bishop, Gurpreet Dhariwal, Kira Dawn, Jezebel, Dipti Pande and Livia Dabs to hear how they would answer the question “If I Were Rich.”