Wamba's Millions

[Thorne]

The sums adjusted to 2014 - would be a need to spend $66 million to get $660 million.

http://data.bls.gov/cgi-bin/cpicalc.pl

BTW let that sink in ...the dollar that you saved in 1985 (29 years later) today buys ~ $.54 worth of goods today.

There is a reason to stack if I ever heard one.. the Oz of silver bought in 1985 for 6$ is worth ~ 18$ today.

IMO Bullion is the way to win this following the stamp example in the movie... lots of it is minted with a face value well below it's metal weight ie. the Canadian 1g .9999 gold maple sells for about 60$ with a face value of 0.50$CDN.

You could be a pirate for a year...

You're making it sound like you think saving money, potentially instead of buying things, is a bad idea.

You seem to think a 'savings account' actually saves your money.

[zero11010]

You're making it sound like you think saving money, potentially instead of buying things, is a bad idea.

You seem to think a 'savings account' actually saves your money.

A) Yes, it literally does do that (within whatever monetary limits are set with your bank's contract).

B) I didn't mention a savings account, you did. Saving money doesn't mean putting it in a savings account. People who understand finance don't put money in a savings account because of the interest it will accrue. What percentage of a billionaire's fortune do you think they store in savings accounts?

[raptor]

There is a reason to stack if I ever heard one.. the Oz of silver bought in 1985 for 6$ is worth ~ 18$ today.

IMO Bullion is the way to win this following the stamp example in the movie... lots of it is minted with a face value well below it's metal weight ie. the Canadian 1g .9999 gold maple sells for about 60$ with a face value of 0.50$CDN.

You could be a pirate for a year...

No I am not promoting any investment, just noting that inflation is bitch even at less than 3%.

There are many other investments that exceed this performance, to each his/her own:

For instance:
S&P 500 - 1985 - 201.41 (excluding dividends)
S&P 500 - 2015 - 1994.99 = 892% a lot more with dividends



We are getting off topic...yes I know I started it :oops so now I will shut up about the OT material ... and get back on topic ...

Adjusted for today's dollars you would need to spend $66 million in 30 days or $2.2 per day. Charter 4 cargo 747 to fly around the US everyday, the fuel cost alone of that would be about $4 million a day so in less than 15 days no money.

[Thorne]

There is a reason to stack if I ever heard one..

No I am not promoting any investment

but I am lol...

Charter 4 cargo 747 to fly around the US everyday, the fuel cost alone of that would be about $4 million a day so in less than 15 days no money.

I don't know that that would fill the 'must get value' clause.. OTOH 3 weeks in space should eat up 66m with no trouble and would be an awesome life changing journey (which would IMO fit the 'moral' of the story).

Laliberte, the founder of the Cirque du Soleil, paid a reported $35 million for his 12-day trip to space

[Abuhin]

What about using the must-spend money to hire lawyers and accountants/financial planners for what to do with the inheritance money afterwards? If I consult more than one, is that against the 'duplicate service' clause?
Maybe I could claim separate ones to plan business models for separate hypothetical businesses that I wanted to start. "This firm is planning a freight company for me. That firm is looking into starting a farm. Oh, and I'll need someone to test soil on potential sites."
Also, I could try hiring architects to design various buildings. Some of which never would actually be made. "You guys plan my house with a castle tower and a basement bunker. Those guys will design a hotel with an elevator that lifts stretch limos onto the roof."

Education and instruction, too. Survival courses, shooting lessons. Cooking classes, even.

And then top it off with Vegas parties, ya know. Private jet in and then rent out the Mansion at MGM. Get extra hired hands - extra butler, security, lifeguards for the pool, catering/bartending, massage therapists, entertainment/dancers, etc. My friend just became a deputy, so I could take a bunch to the machinegun shooting ranges and burn through ammo.

How about organize and fund a free concert or convention?

[Barnabus]

Was Brewster's Millions a book before the movie, if so, anyone know when it was written? Because I remember reading a 'Superman's Pal, Jimmy Olsen' comic as a kid (back in the 60s-70s) where Jimmy had to do the exact same thing to inherit a fortune. I've always wondered if the movie was ripping off the comic, or if the comic ripped off a novel.

[raptor]

For the record The Richard Pryor Brewster's Million is bases on a book written in 1902 by the same name, and there was another Brewster's Millions movie in 1945

http://en.wikipedia.org/wiki/Brewster%27s_Millions

http://en.wikipedia.org/wiki/Brewster's ... 1945_film)

http://en.wikipedia.org/wiki/Brewster's ... 1985_film)

Its neat to see how the values and time frame was has raise over time. I wonder if the amount would need to be raise to match the 2015 dollar?

In the 1985 version Brewster needed to spend, $30 million within 30 days to inherit $300 million. Also he could only give 5% to Charity and Gamble up to 5% (5% of $30 million is 1.5 million)

The 1945 version Brewster needed to spend, $1 million within 2 months (his 30th birthday) to inherit $8 million

The original 1902 book he needed to spend $1 million over the course of 1 year to inherit $7 million

.

[bcvojak]

invest in green energy

[Abuhin]

New idea based on getting around the gambling and gift limits: make bets against my friends that I know I'll lose.

"Hey, buddy. I bet you $10,000 I can run around Central Park within 3 minutes."

[duodecima]

New idea based on getting around the gambling and gift limits: make bets against my friends that I know I'll lose.

"Hey, buddy. I bet you $10,000 I can run around Central Park within 3 minutes."

Unfortunately, I think that's still gambling...

[Abuhin]

New idea based on getting around the gambling and gift limits: make bets against my friends that I know I'll lose.

"Hey, buddy. I bet you $10,000 I can run around Central Park within 3 minutes."

Unfortunately, I think that's still gambling...

Yeah, sorry. I meant as a way to combine them. Skip the casinos, make dumb bets with your friends, and you can still give a few gifts.

[nyarlotep]

1) Buy however many Porsche 911s, Lamborghinis, etc one can buy with $1MM
2) Don't insure them
3) Demolition derby with friends.

[JeeperCreeper]

1) Buy however many Porsche 911s, Lamborghinis, etc one can buy with $1MM
2) Don't insure them
3) Demolition derby with friends.

Can I be your friend? I'd like a yellow ferrari please

[BigDaddyTX]

Rent Lichtenstein for 100 days and turn it into BigDaddyTX's Carbon Steel Chef cooking competition. $70,000 a day * 100 days, $7,000,000.

Invite awesome people I know, or want to meet, to come visit for free and act as judges.

Fly in chefs from around the world to compete against each other, on a daily basis, with the most exotic ingredients I can find.

Hire a camera crew, editors etc., to record the competitions and convert them to digital files and store them in the "cloud" on a preexisting account so I haven't gained any possessions.

Make sure I buy a plane ticket home.

Donate any excess to charity.

Receive money, sell show, receive more money.

[Evan the Diplomat]

I'll play. Sent the family on a round the world trip to see all of the 1000 places to see before you die list.

Make the requisite charitable donations.

Rent a Masarati and a Beverly Hills mansion. Hire Gordon Ramsey as my personal chef, hire William Shatner to sing Rocker Man, hire a different musical artist to give a performance every night Sting, Sheryl Crow, Dido, Beck and so on. hire six different adult actresses every night to tuck me in bed.

[DFWMTX]

How do you buy meals avoiding the "no duplicate services" clause? I'm thinking not just for yourself, but like the times you'd go out to eat, and end up paying for the tab of everyone there including generous tips to wait-staff?

$10 mil to spend in 1 year? I'd travel after paying down my wife's college debt. I'll have a hard time not picking up patches for my collection or books for my library though.

[Mikeyboy]

I'll play. Sent the family on a round the world trip to see all of the 1000 places to see before you die list.

Make the requisite charitable donations.

Rent a Masarati and a Beverly Hills mansion. Hire Gordon Ramsey as my personal chef, hire William Shatner to sing Rocker Man, hire a different musical artist to give a performance every night Sting, Sheryl Crow, Dido, Beck and so on. hire six different adult actresses every night to tuck me in bed.

The sad thing is the "good" musicians that still play are actually cheap. Here is a list. Most of the ones you mentioned are less than 1/2 a million dollar per performance.

http://priceonomics.com/how-much-does-i ... rite-band/

My personal hell would be me needing to drop 2 million in a hurry and having to sit thru Jon Bon Jovi and Bruce Springsteen singing duo.

[DirtHawker]

spend 10 million? easy.

Rent huge tract of land, including entire deserted town and outlying buildings if possible. Higher effects crew to turn it into a post-apocalypic set. Higher actors to be zombies and random survivors/mercs/etc. Rent massive stash of paint ball guns, prop weaponry (foam swords, ect), and supplies to hide all around. Pay for everyone here to get a plane ticket to and from the location. Recreate the zombie apocalypse until the money runs out. Have a contest to see who survives longest, who finds the best stronghold, ect. Shouldn't take long to run through 10 million.

[Das Sheep]

Hello Thailand my old friend....

[DFWMTX]

My personal hell would be me needing to drop 2 million in a hurry and having to sit thru Jon Bon Jovi and Bruce Springsteen singing duo.

Think of the opportunities for YouTube.

"Springsteen! I want your best Elvis impression. Bon Jovi, you impersonate Sinatra!"

"Ok.....,now I want y'all to sing 'Let the Bodies Hit the Floor'."

-----

Reading through the list is kinda interesting. One of my wife's favorite bands is practically dirt cheap.

[Spazzy]

I'll spend any sum you got easy.


Run for president...

Take everyone in town to major sporting events and pay their travel/hotel/tickets/food/and beer tab...

Arrainge with the city to rent a demolition company and destroy all of the crap areas of Detroit as long as you can push the button...

Build a better border fence along Mexico...

Pay contractors to clean up and replant major areas of forest...

Pay to build memorial city parks to various deserving people...

Fufill every "Make a wish" kids dreams personally...

Play Santa for your town just once, delivering all the presents in one night...

This is way too easy, I would need two weeks tops.

[RoneKiln]

I think I'd be happy with the 10 million. Yeah, I can think of extravagant ways to blow it quick. I think I'd rather donate 20%, let Uncle Sam take his 40%, buy my little farm and take it easy.

[Boom40mm]

Buy a large swath of land and have it rehabilitated(as needed). Dedicate aforementioned land as a natural preserve while setting aside enough money in a trust fund to pay for it's maintenance for the next 25 years. Walk away.

[aephilli]

lap dances. now that 10 million is gone, what do i do the other 355 days?

Buy a large swath of land and have it rehabilitated(as needed). Dedicate aforementioned land as a natural preserve while setting aside enough money in a trust fund to pay for it's maintenance for the next 25 years. Walk away.

^^^^ this, making sure the land is beach. (and they would need a live in caretaker, right? so remove the "walk away" part)