I can visualize a few million dollars as about an order of magnitude more than I'm worth now. If someone gifted me a million dollars, I have a reasonably good idea of how I'd spend it. I'd pay off the house, pay off the credit cards, maybe move somewhere that isn't the cesspool of NYC, and invest the rest into a low-risk index fund. Boring, easy-to-digest stuff.
If someone gave me a billion dollars, I have absolutely no idea how the hell I'd spend it. It wouldn't be radically different than someone giving me a trillion dollars, at least not at first; they're basically infinite quantities of money to me. It seems almost trite to just dump it all into a Vanguard account.
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I guess I meant in a "personal finance" sense.
I can visualize a few million dollars as about an order of magnitude more than I'm worth now. If someone gifted me a million dollars, I have a reasonably good idea of how I'd spend it. I'd pay off the house, pay off the credit cards, maybe move somewhere that isn't the cesspool of NYC, and invest the rest into a low-risk index fund. Boring, easy-to-digest stuff.
If someone gave me a billion dollars, I have absolutely no idea how the hell I'd spend it. It wouldn't be radically different than someone giving me a trillion dollars, at least not at first; they're basically infinite quantities of money to me. It seems almost trite to just dump it all into a Vanguard account.