What Would You Do W/ $700K

[rjinhb]

Change of pace, mates. No caveats, no conditions...if you were given $700K US, what would be your 5 year game plan...crapping your pants excluded.

[sailorboy1]

Wine and women

[rjinhb]

Originally Posted by sailorboy1

Wine and women

LOL. There is a poster on here with the greatest tag line, can't remember their name: I spent most of my money on Booze, Broads and Gambling...the rest I wasted." Or something to that sort. Awesome.

[denverd0n]

The thing is, in today's world, $700k isn't nearly what it once was. Excepting some small splurge with a little bit of it, I would put it into savings and otherwise continue with the exact same game plan that I have now.


I know. Call my boring. That's okay with me, as I am very happy with my life.

[Wckoek]

Agreed, $700k wouldn't get you a superyacht, but in the used market you can haggle an expedition motor yacht or trawler with sophisticated system.

[sailorboy1]

Originally Posted by rjinhb

Change of pace, mates. No caveats, no conditions...if you were given $700K US, what would be your 5 year game plan...crapping your pants excluded.

If it’s only boating type answer and can spend it all in the 5 years:

I would get good condition well fit out 10 year production 42-46’ boat for $100-150k and go live the high on the remaining $9k/mo!!! And if the boat needs to be moved somewhere where the trip is going to be crappy I would get Boatie to move it and wait on the beach with a drink till he got there.

[sagablu]

Originally Posted by sailorboy1

Wine and women

That is a plan regardless of available funds. Only the quality of wine may vary with resources, the quality of women should be consistent. Although with enough wine, who really knows?

[MV Wanderlust]

Buy a 10-12 year old power cat and use the rest for expenses as we toodle around for a few years.

[Tayana42]

Have someone else change the oil.

[RainDog]

I would plan to spend the whole 5 years in the Caribbean. I figure 60k per year. save 100k for the unexpected. That leaves 300k to buy and outfit the boat. I would probably try to find a boat for 200k and save 100k for outfitting.

[daletournier]

Buy a boat similar to what i have ,purchase some incoming returning real Estate and cruise within my means until its time for a change. 700k is enough to stop and cruise indefinately IF its put in the right spot.

[drewm3i]

Buy my dream boat and sail around the world (we are young and poor, but adventurous ��). Probably an Oyster, Hallberg-Rassy, or an Amel. Would head to the South Pacific first for sure to dive some remote reefs before they disappear.

So I would spend about 300-400k on the boat, 200k for sailing budget, and then I would invest the rest so that we could sail forever!

[Simi 60]

Originally Posted by Wckoek

Agreed, $700k wouldn't get you a superyacht, but in the used market you can haggle an expedition motor yacht or trawler with sophisticated system.

And how would you run and maintain it now the money has gone?

[Simi 60]

Originally Posted by daletournier

Buy a boat similar to what i have ,purchase some incoming returning real Estate and cruise within my means until its time for a change. 700k is enough to stop and cruise indefinately IF its put in the right spot.

Same same but different

[RaymondR]

Originally Posted by rjinhb

Change of pace, mates. No caveats, no conditions...if you were given $700K US, what would be your 5 year game plan...crapping your pants excluded.

The first thing that any prudent male would do is hide it in a tax haven and file for a divorce.