• Agent641@lemmy.world
      0·
      23 days ago

      I have always maintained that my concept for a pizza restaurant would work. It’s called Send Pizza. It has an app with one big button, that says Send Pizza. If you press that button, they will send you a pizza. No menu, no options, no customisation .

      Each day, there is a different type of pizza. If you want pizza, that’s the one you can have. If you don’t want that type of pizza, you don’t ask for pizza from us. Vegetarian pizzas on Monday, Wednesday and Sunday.

      Want three pizzas? Press button 3 times.

      No more drunk decision fatigue or bickering over what sort of pizza. No more messed up orders. Simple, fast production line, because each day, staff are only making one kind of pizza, all day.

      Wake up. Hungry. Send pizza.

  • MNByChoice@midwest.social
    0·
    24 days ago

    Use the “4% Rule”, this would be an inflation adjusted $200K per year every year (more or less, the “4% Rule” is more of a great observation than a rule).

    I would live on a third, give a third to my family, and a third to local organizations.

      • MNByChoice@midwest.social
        0·
        23 days ago

        What do you mean? It is great for planning purposes.

        I am well versed in it, but “crappy” arguments split both in “too low” and “too high”.

  • TrackinDaKraken@lemmy.worldEnglish
    0·
    24 days ago

    Nothing crazy. I wouldn’t try to invest it someway to get mo money, beyond an interest bearing savings account, because chances are good I’d lose it.

    Pay off my house. Travel a bit--France, Spain, maybe SEA for the food and to experience something different. Buy a camper van and visit the old campgrounds in CA and OR my family had vacations at when I was a kid. Leave as much as I could to my son after that.

    • historicaldocuments@lemmy.world
      0·
      24 days ago

      Disclaimer: Not an investment advisor and not your investment advisor

      Nothing crazy. I wouldn’t try to invest it someway to get mo money, beyond an interest bearing savings account, because chances are good I’d lose it.

      The first one is a Vanguard US bond fund that pays around 4% to 5% annual dividend on a monthly basis, and the second one is a Vanguard Total World Stock Market fund (captures a piece of the entire world market). A savings account now is paying around 0.38%. So on $5mil if you put it all in BND it’d pay around $200k annually. In a savings account it’d pay $19k, and savings accounts are only insured up to $250k.

      The bond fund is taxed as ordinary income, so you could sit down and decide if something like VTEB would be better than BND (lower yield but 0% federal income taxes). It really doesn’t take much to beat a savings account, and it doesn’t take long at all to start working around taxes.

  • Ok_imagination@lemmy.world
    0·
    24 days ago

    Setup a business idea I’ve had since I was young. I don’t think it would work in the us so I’d try somewhere in Asia.

  • sylver_dragon@lemmy.worldEnglish
    0·
    24 days ago

    Drop it in investments and work for another year. The extra year of work is so that I can get the investments to move to long term capital gains tax rates. With that sorted, I can now retire. Even a simple index fund often returns an average around 7%. So that’s ~$350,000/year. Pull $200,000 and leave $150,000 for growth. Exact numbers will fluctuate, but it will be close. I’m going to get taxed at something like 12.5%, or about $25,000 leaving me $175,000 to live on. This isn’t monthly vacations in Tahiti money, but it’s a pretty comfortable living, if I’m not stupid and wasteful. If I really want to stretch things out, I can always move to a lower cost of living country. Though that often carries personal risk with it, and I don’t know if I’d want that extra stress. Numbers would also change based on how that original $5mil got taxed. If it’s something like a lottery win, it would shave the numbers down a good bit by taxes.