If you had 500 millions Dollars

Kyle Reed // @kylereed

What would you do if you had 500 million dollars? I know what I would do, buy a sports franchise. Seriously, I have always loved sports and would love to be a part of them in any way possible. If I had 500 million dollars I would buy a sports team.

What would you do with 500 million dollars? This is a loaded question, so answer wisely. See you might be judging me for wanting to buy a sports franchise. You could be sitting there saying, “Why doesn’t he give that money to the poor and needy?” Great question, one, that after I had this thought go through my head of buying a sports team I thought about helping others rather then myself. I would like to say that I would give it to the needy. But honestly, if a sports franchise was available, I might buy that instead.

What would you do with 500 million dollars? Most of the time we would say that if we had a lot of money we would help others and usually do not understand why millionaires are so greedy. But, everyone reading this is not in that position to give away millions or make millions. I think it is easy to sit here and say that you would give all of your money to the poor, but when it becomes a reality do we follow through? I do not know if we would. Maybe this is the reason….because we do not give now. I do not want to assume this for everyone, but I do know that we (I) struggle to make sacrifices and give. We struggle more with our own comfort then with the comfort of others. If we had 500 million dollars, I think we would spend it on ourselves.

What would you do with 500 million dollars?


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Kyle Reed

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I create websites, conversations, and ideas. Advocate for the 20 somethings. Looking to connect everyone to a mentor. Married to my best friend, Ginny. I like my coffee black and my dog Jack. I currently live in Nashville and work at Sony Music/Provident in Nashville
  • http://morethanuseless.com/ Tom

    Some of these may sound a little cliche, but it's true and I'm okay with that:

    – It'd give a portion
    – I'd invest a portion
    – I'd make sure retirement and future kid's education was covered
    – I'd pull a Bruce Wayne and buy things that aren't for sale

    • http://thoughtsaboutnothing.com @kylelreed

      I like that last one.
      I go straight for the toys though, no financial responsibility here.

  • Shelby

    I would first go on a shopping spree.
    Then pay off my grandparent's house and all their bills because they have sacrificed so much of themselves for me, I'd also send them on an awesome vacation and hire them someone to take care of their animals.
    I'd definitely give some, and save and invest and buy myself a car so I won't be so dependent on everyone else.

  • http://godlysheep.com Brett Barner

    I would like to say that I'd give a lot away. I'd hope I was like Deeds in the Adam Sandler flick where he would give it away and didn't let it corrupt him.

    Though I quite possibly would do the Batman thing that Tom suggested. lol

  • dannyjbixby

    Other than the investing, planning for future, & impulse/crazy purchases along the lines of what Tom mentioned; I would probably start a non-profit.

    Or rather, a church that acted as a non-profit. Probably something to do with food. Growing, distributing, teaching about it, etc.

    No bread or fish though, it's overplayed ;)

  • http://twitter.com/Zacinator Zac Cross

    I would probably set aside $50 million that way I would have about a million a year I could have for spending purposes, etc.

    Another $1 million would be spent on guitars of various levels of awesomeness as well as other instruments and would definitely build a recording studio just so my band could finally record our album!

    I would build a food factory (such as one that makes cereal or something) in a very poor country and would pay the workers the American minimum wage instead of 25 cents (I hate sweatshops and companies that use them, here's looking at you Nike, Gap, Old Navy, Walmart). In a reverse sweatshop mode I would sell my cereal or whatever for much less than it was worth, so that even the poorest could afford it.

    I would use whatever was left to build schools in many areas that were very poor, bring in great teachers, etc. so that they could get educated and get out of the slums.

    If the Pittsburgh Penguins were for sale, I would pause, but I think Mario is doing just fine with them!