I have asked this question to countless people (mostly in hair salons) as an alternative to small talk, and it always yields interesting results.
Rules:
- You get the money right now, right where you are. If it’s 10pm and you’re in the middle of nowhere, your money will still go poof at 11pm.
- As a result of the above, tell us what time it is and roughly where you are (big city, desert, small town, …)
- You must spend the money. You cannot give it to someone to hold on to it for you for a while.
- Normal world rules apply, e.g. you cannot buy a $250k car at a dealership in 1h in cash, and you cannot buy a house in 1h either.
- Remember that getting from where you are to the place you need to go takes time. Factor that in!
Edit: I’m glad you guys had fun with this one. Feel free to post similar hypothetical questions. I kinda like these.
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Alberta Canada. 2 pm.
I’d buy a house. Normally that’s takes a lot of time but as long as I hand off the money to the realtor I should be good. I don’t actually want a million dollar house, and definitely don’t want to pay the property taxes on it. But I can resell it later and keep the money this time.
Cheap Answer: Go to my nearest Walmart/Grocery Store (10 minutes away from me)and max out all of the vanilla visa debit cards with the $1 million but after fees it won’t be $1 million but I would still spend the million.
Actual Answer: Luckily I’m in a prime spot where I live that I’m 20 minutes away from Lamborghini, Aston Martin, and other luxury car dealerships. So I’d go there and purchase how many cars I can with the million. After I sign, sell them back to the dealership or sell them privately.
A million dollars in bitcoin, I’d walk away with a cool $100 after selling it all.
In truth, being in a central Florida town at 7 in the morning, I’d go on a shopping spree at some of the bigger box stores and stock up on electronics and building supplies, before I blew the rest on tools.
expired
I’d buy a $1M hug from someone I’m very close to. Then offer them a $500K hug.
It doesn’t break rule 3 as written.
I was thinking the same thing, but buying something tangible off my wife. Money is ours lol
My concern with this is that the post says that the cash disappears after the hour, not that any unspent cash disappears. So whoever you give the cash too loses it too.
