Start the largest non-equity housing co-op that money can buy.
Follow in the footsteps of Gil Cisneros…
"…is an American government official, philanthropist, and politician who served as Under Secretary of Defense for Personnel and Readiness in the Biden administration. He served as the U.S. representative for California’s 39th congressional district from 2019 to 2021
“In 2010, he and his wife won a $266 million Mega Millions lottery jackpot and became philanthropists, establishing endowments for scholarships to be given to Latino students at GWU and the University of Southern California. They also founded Generation First Degree Pico Rivera, with the goal of ensuring every Latino household in Pico Rivera has at least one college graduate, and the Gilbert and Jacki Cisneros Foundation with an initial investment of $20 million to provide mentorship in education.”
Give water and food to where it is needed.
I think spending all of it on feeding people who are starving. You could keep a lot of people alive on a million, even if it was just for long enough to give them a second chance on their own. And even if that second chance failed, then at least all of the goodness of those people would have more time to be in the world.
Hire as many hitmen as I can to kill the wealthiest people. But we would have to keep doing it, and it wouldn’t dissuade anyone from hording money…so?
So you’d choose senseless violence. Good thing you’re not getting any money.
Put 3/4 on the hit and 1/4 betting on the stock market reaction only you know is coming. Profit. Repeat.
Set up a trust to invest the money, from the compounding returns, use a sustainable portion of the dividends to fund a cause you believe will help change the world. Be very explicit to the trust managers as to the long term instructions of the trust.
With compound market returns the million dollars could be worth $40 million in 50 years and would be distributing af a sustainable 3% dividend, 1.2 million a year to a cause you believe in.
Guillotines with “Heroes Work Here” signs atop them.
fund communist parties in the global south
Burn it.
Fund an open source project to make something useful that helps make life cheaper and easier for regular people
Give to a charity. Get an education that persues ecology or climate science. Fund someone doing ecology or climate science. Ignore the money and find a group planting trees. Plant trees. Plant trees. Plant trees. Plant.trees
According to Rutger Bregman: just give it away to people who don’t have it.
Straight to Maoist guerillas in The Philippines.
Free education
Well, if you put that million dollars somewhere that makes a bit of money and follow the 4% rule, you could take out $40k each year and maybe help 4 kids attend a state school every 4 years.
For like 5 people?
Then I suppose the question is reduced to how one should select the 5 people! :)
Trial by combat
To the victor goes the scholarship.
I have an idee fixe that I could set up a non profit that bought homes and rented them at a price somewhere between the maintenance cost and the market price. It would make a profit and slowly expand providing more and more affordable housing. Ideally it would start with more than 1 million but doesn’t need to.
If you rent at cost or even a little over you’ll go broke. People won’t pay their rent and trash the places. Non-profits are finding out that they can’t even support what they’re trying to do with housing because the actual costs are more than what you think are “at cost”.
I think that’s why they said between the maintenance cost and market price.
