I'd take about $400,000 of it and put it into some sort of savings situation where I could live off of dividends and build some wealth. Leaving me $600,000.
I would pay off all of my debts, which would be around $13,500 from school loans and roughly $3,000 I owe various people. So that leaves me with about $584,500.00.
Over half a million with no debt, cars and stuff paid off, and still things to do. I think I might do some travelling and knock off some destinations that are on my Thrillist. I would consider doing some serious traveling, maybe visit Dorado Beach, maybe visit Refugia Chiloe, Iceland's Luxury Hotel, definitely will do some traveling with AirBNB.com, especially if I can get places to stay like this.
And I think I might even go to an Ideas Island. Yes, it's a real thing.
Given that all that traveling might take me about a year to successfully do, I would put the cost probably close to $100,000. That would be if I did A TON of traveling too. Who knows where I could go with so much time and money. If I flew everywhere foreign, the trip to Chile and Iceland would probably cost me around $15,000 together. The private Idea Island costs $1000 to charity, plus getting to and from the island, which would probably run about $5000 to be serious. The trip to Dorado Beach could be the most expensive coming in at $1200 per night. So for a month, without the trips with AirBNB, I would looking at about $30,000 if I didn't go anywhere else other than those 4 places. Maybe closer to $50,000. So that leaves me with about $530,000 to be fair.
With that money, I would continue to travel far and wide suing AirBNB. I would search for any and all places to stay for maybe two to three nights per place. I would travel all through Europe. I would travel to portions of Asia and South America. Maybe stop in to see my In-Laws in Ecuador. I would also absolutely want to visit down-under Australia as well as New Zealand. I would surely visit some of the places I wish I could see, like Zihuatanejo Mexico (the destination famous from Shawshank Redemption):
As I'm looking at some of these places, I am becoming so in love with AirBNB. I would love to stay in the Frank Lloyd Wright houses for a couple weeks. I would love to visit historical places of significance, as well as all around the world just soaking in everything. To travel to some of these places, I would probably expect to spend close to $150,000. I'm not including food since that's just too hard to calculate.
I would try my best to pick up as many languages as possible. Meet as many people as possible. Soak up as much of this world as I could. I would check in with family and friends every so often as to see what I'm missing or what they have planned for their futures. I would check on my investments to make sure that I am making some money while burning through a good chunk of it.
Then when I get tired of travelling, and get homesick, I'll come home. I'd come home and make sure that I had enough money to move someplace and push myself into doing some of the things I wanted to do: like writing, maybe some acting, or standup. I'd make sure that I would feel like I needed to succeed, so I'd have to put a larger chunk of money away so that I couldn't touch it for a while.
Actually, if I documented most of this travelling, I would've made a pretty successful travel blogger.
I would not spend money on cars or houses or whatever people would do to make them seem hood-rich. I certainly would not buy everyone in my family a brand new car. I think having the first step be putting away a ton of money in dividend paying investments is the safest way to make this journey enjoyable. I'm not a fool, so I know that money will come and go, but experiences, memories, and friendships will go a long way.
So if I spend through a majority of the $400,000 I had left to myself, I'd dedicate it to obtaining a craft and becoming a jack of all trades and a master of one main craft.
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