What If You Were Given $100 Million?

Would you buy a brand new 2013 Porsche Panamera Turbo S, with a starting price of $168,000 Euro? Or maybe a new house in Lake Como Italy, near George Clooney (for a cool $30 Mil)? Or perhaps the new Google Glasses, Smart Watches and now Smart Shoes? Or how about buying a Bank? There are lots and lots of options with a $100 Million in your back pocket.

I've spoke to some people on LinkedIn who, when asked the same question, would take the money and open their dream business. Or give it to a friend in need... nice to see, considering the current state of the economy.

Buy Things That Pay You Back

The sad truth, especality when talking about his subject on Twitter, the answer is almost always the same. They would buy things that make them happy, at least for the short term. There's nothing really wrong with that, the goal has always been to "Pursuit of Happiness ", and who is to say or judge one person's criteria of happiness vs. another?

It's Not About the Money, Money, Money…

The bling bling is where it's at! The fancy cars that go real fast around hair pin curves, the beautiful houses with the elevators leading to their underground parking garages with the heated driveways. It's nice! And it will make you happy… believe me!

We've been taught or trained over the years not to indulge in the "Bling", to not to want the material world, to not worship money. We've been conditioned to believe money is the root of all evil, it's what sacked Rome, and it's the down fall of Western Civilization.

But it's tough not to like idea of buying a nice pair of shoes, or a new customized suite. It's really the power of getting what you want; it's the anticipation of that purchase that feels good and not so much the item you are buying.

How Much for the Bank?

But what if, you bought a Bank instead? Do you think after that purchase of say Bank of America you would still worry about estate tax in Lake Como? Maybe. I'd say it would depend upon if BoA still made money for you after the sale.

If given a $100 million and then buying a few cars and houses and socking the rest of the money it in a bank for safe keeping sure sounds good. You've took care of the "material need" and you did what your mother told you to do. Save your money!

Old Money

But what if you bought BoA first, then the "Bling" later, much later? What if you waited a year or two and allowed the interest made from the purchase, accumulate and then, from the interest made, buy the "bling"?

How would you like to buy anything you want made from the interest accumulated from a single good investment? Money is money though; even the rich back bad decisions, like buying a $50 million dollar house and only having $100 to your name. That's ½ the income spent on a house, not a good decision, but if its ½ money spent on a house came from the interest of a principle investment... then that's a better choice.

Buy low and Sell High

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