Buying stuff is how you stop being a billionaire.
this post was submitted on 23 Jun 2023
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Start a nonprofit open source IoT hardware company. Internet-connected smart devices and appliances are cool, but not the way they are implemented now. I'd base everything on common hobby chips like ESP32, AVR, and STM32. Every single device would have a completely unlocked firmware upload port.
a lot of them do already tbh
Yeahh...but there's no documentation, no schematics, and no legal ability to take the design and modify and redistribute it. That's what I want to change. I want to create the Linux of IoT.
Controlling shares in smaller mining, green energy, & electric component(motors, solenoids, etc) stocks, and merging them together for vertical integration. Machinery, logistics, & other production stocks, merging into a separate conglomerate for vertical integration. Cargo boat manufacturing companies who specialize in low emissions. Politicians to get more subsidies in those areas, and promote my business practices while penalizing others.
Supply, production setup, logistics, I might throw in marketing just so they REALLY don’t have to go to anyone else. Any business who doesn’t want to worry about the dirty work will go to me. And they will listen to me..
I'd go to an electronic store and buy everything I want
FIRE. And maybe a pizza.
- I would spend a small amount on my immediate indulgences (things I have wanted to do or buy)
- Then I would towards making investments that will give me enough passive income to grow my wealth and take care of my expenditure
- A comfortable house
- Give a good amount regular to charitable and non-governmental organisations that I believe are doing a good. But never to leeching relatives.
Dump it all in some low-risk diverse funds, live off only a portion of the returns, and otherwise try to forget about it.
One billion is an insane amount. You can literally buy everything you see and your bank account would still be increasing from the interest alone.
In order to spend one billion you need to think in extreme cases, like buying some kind of company that is hugely overvalued.
Personally I'd buy a lot of land and create a research facility of sorts.
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Initially? Nothing. Unless my identity has been publicly tied to this amount of money, in which case a plane ticket to somewhere I'm not known, probably.
Everyone's all "stuff to make world peace!" but I'm gonna be honest with y'all.
A lot of old video games. Like a catastrophic amount of them.
Well what would you do with the remaining 99.99% of your wealth?
- Buy a big mansion/estate somewhere quiet in Scotland
- Hire staff and carers
- Fill mansion with the CFS/ME sufferers who are in awful situations and give them somewhere safe/peaceful to exist.
- Rinse and repeat to how many such facilities that much money can support.
- Leave enough in trust to keep the facilities open.
I'd do all the things that most people would do. Pay off debts, help out family/friends, invest, donate, etc.
Other than that, I'd buy a castle. Something like this. Living in such an old place like that with all the history associated with it seems really cool to me.