In less than 2 weeks I will be a multimillionaire AMA

You REALLY need to read this, most famous advice I know of on the subject:
https://www.reddit.com/r/AskReddit/comments/24vo34/comment/chb38xf/
- Thanks for sharing this, ended up reading the whole thing wow lol. Fingers crossed that someday the advice can be used by someone (re: hopefully/not hopefully me) who's read this...
- I always read that when it's linked. It's absolutely genius and really helpful advice I'll never need

Don't forget to support FOSS software you're using, including lemmy & your home instance

How much cheese do you intend to buy? Will you use very expensive cheese for grilled cheese? If you had to pick three cheeses to invest in, which ones would you go for? Sorry for all the financial questions.
- I’m a cheese fiend, so if there’s a Cheese shortage in the bendy month you know that was me

Hello sir or madame I have a crypto project you might be interested in!
Get ready for alot of that.

Can you give me some money?
- I can try
  
  That is nice of you.

In the Star Trek Deep Space Nine episode "In the pale moonlight", do you think Captain Sisko was justified in attacking Garak for his role in the assassination of the Romulan Ambassador, considering Sisko not only new the lengths Garak would go from his time in the obsidian order and the fact Sisko told Garak to "just get it done", even though it was the turning point to defeating the dominion and saving the alpha quadrant?

How much do you plan to use to help people? You know, the homeless, hungry, uninsured, debt-hell suffering people who just want to live their fucking lives but can't because we live in a capitalist hell?
- I honestly don’t have a plan. Of course I’d love to say “I’m only taking what I need to live and giving the rest to charity” but until I do that it’s not true and I’ve just been trying to finish school and haven’t put near as much planning into this as I probably should have
  
  I've thought about this quite a bit and should I come into a windfall of money I would put most of the money in a trust that only pays me a set amount for living and maybe other distributions for family or charity. But I have yet to have this problem so it's all a head experiment for me.
  
  If you're open for suggestions: Buy several flats that you can rent out at maintenance cost to people that need it (+ a small premium so that you have an income to live off). You can target students or other people that need a temporary home.
  If you are a dollar multi-millionaire, you should be able to afford maybe 10-20 small flats, if you take an annual premium of 5k per year that gives you an income of 50-100k, and likely still lets you rent out cheap. If you prefer to not spend all your time managing rental properties, and to have normal job instead, you can hire someone to manage the rentals and bake the price of that into maintenance costs, while you live off your ordinary income.
  Alternatively, I've heard of a "rent-to-own" type deal, where people pay maintenance cost + some sum each month, and they own the apartment once the total payment equals the price of the apartment (obviously, percentage ownership increases gradually throughout the down-payment time). It's a deal designed to help people that struggle to get a loan into the housing market.
  To summarise: With enough starting capital, you can essentially start a self sustaining non-profit that rents out flats to people at maintenance cost. If you have enough flats and take a small premium from each flat, you can even make enough money from that to buy more and help more people. By giving people cheap and secure housing you can change lives.

Good luck! I've heard one should get a good financial planner and shit for that.
- Or just chuck a large amount into some savings thing regardless. I've known of those even with financial planners to have it all go horribly wrong.

Congrats, how old are you? How will this money change the way you live your life?
- I am 18, and this means I’ll probably never have to worry about finances in the future. So hopefully that means I can pursue passions and not have to worry about work
  
  Firstly, fuck you.
  Secondly, depending how multi we're talking about on the millions, it might not be enough to just live life however you want. Look up the 4% rule and FIRE (Financially Independent, Retired Early) to really work out the maths of it all.
  Secondly, while it's tempting to jump into abandoned hedonism and drink away the years, I'd strongly argue for still finishing your studies and then working. But you get to only work for things you want to do, not have to.
  Either start your own things or join others, maybe NGO work, maybe something manual and small, maybe art, whatever floats your boat.
  
  You might have a concept of how lucky you are, but you'll never truly understand without having worked away years of your life first.
  Hopefully you can understand why some people close to you are upset. It's a raw deal busting your ass in a 9-5 your entire life then seeing someone inherit millions when they turn 18. You didn't earn it, and as long as you know that, you can probably avoid becoming an asshole.
  I don't even know you and I hate your guts. But at the same time, I would love to be in your place. So I also don't hate you. If I was in the family and watched this happen to you, I'd probably just hate you.
  
  Mate, living the dream!
  
  I recommend you put it away and pretend it doesnt exist for a minimum of 10 years.

That sounds like it could really complicate dating because you wouldn't know if they were with you for you or for the money.
Uh, that's not a question.
How are you doing?
- Good, but overwhelmed. It all caused drama when he first passed and we read his will. Then it settled but now that I’m about to graduate people are getting angry again
  
  I imagine that kind of money could really tear a family apart. It's ridiculous really what it turns people into.
  I hope things go well for you.

Congratulations. Hope you have a great life!
Get external financial advice. Pay for it. It's easy to piss away what seem like vast amounts of money.

What's your favourite dinosaur?
- Raptors
  
  Oooooh fiesty

Can I have $1?

So how did you get it? Hard work or a lot of luck? Inheritance, maybe?
Also the obligatory "can you spare some?"
I'm very sorry to have to tell you you'll be getting a lot of that once people know. Keep it to yourself as much as possible
Ah, also: what do you think about taxes? Do you feel you should pay less now that you have more, or do you feel you should at least pay your fair share?
Just to be honest here: I think taxes should go up and up with higher income / total value, up to 100% income or just the value of a person minus the max value we set that a person should be allowed to have. I don't think billionaires should be allowed to exist, there is no reasonable explanation you can give me that can honestly say " yeah, billionaires are fine" while at the same time we have thousands of homeless that cantt have a home even with two jobs
- Inheritance.
  And from what I understand even with high taxes I’ll still have a lot of money so it doesn’t really matter to me what they are
  
  Lucky you, happy for ya
  
  the normal answer

I would look into the people who win the lotto and make sure you learn from their mistakes

Is there a story? And if so, are you willing to share it?
- Yes there is. My grandfather owned a ton of land for all my life and then about a year before he passed he sold it all except for the stretch his house is actually on for a ton of money. In his will he left me a trust of $25M and the property his house is on which is worth about $5M itself, all of which I will have full access to when I graduate. I graduate on May 16.
  
  Do you have anyone in your life that you really trust? And give good advice?

You hiring?

Want to go halfsies with me on a steel workshop building? I’ve been quoted about 80k total with the concrete foundation. I’ve got the land and 40k saved. Gonna do woodworking and EV conversions and eventually open a school for “technical enrichment” combining tech/hacking/vertical farming and EV/solar stuff. I live in an area that’s kinda podunk and most of the local kids just go work at Dairy Queen or something.
A lot of people probably gonna ask you for money, so no worries either way. Congrats, if you’re not fulla crap 😁

What's your opinion on Marlene Engelhorn's handling of her inheritance? I don't mean this as a suggestion or condescending, I am merely interested in what your thoughts about her are as someone in a similar position.

Any immediate plans?
Also, chuck us a couple of quid?
- Well this summer vacationing pretty hard. But after that who knows
  
  How do you think it will impact you mentally? Knowing myself I think I'd really spoil myself (with everything) and would never recover. If I were in your position I'd pay for a psychologist/coach ASAP to keep me on track.
  
  Vacationing anywhere or anyhow in particular?

Hi Mari
Congratulations on graduating soon! I’m also sorry for your loss I know loosing my grand father was tough and I can only imagine the wedge his will has created between you and your family.
We’re not well equipped to make decisions of that magnitude at 18 and many of us don’t develop the skills to make them later in life 😅
How you really doing?
DMs are always open if you have any questions you’d rather bounce of a stranger :)
- I’m okay. A little stressed. Everyone has an idea of what I should do with it all and they’re all different ideas. So just trying to sift through all that and decide what I want. But really more than anything just ready to graduate

Willed some money? Selling a company?
- I was left a trust of $25M and a $5M property by my grandfather
  
  Do you plan on working?

What has been the overall reaction here when you mention that?
- When you say here do you mean on lemmy? Or just like in my life?
  
  Both.