It. So my wife and I are on vacation right now, and every once in a while, when the jackpot gets really big for the lottery, I'll play, you know, just for fun, because I enjoy the fantasy of what it would be like to have a lot of money, not because I have any intentions on winning. And honestly, I wouldn't even feel comfortable with an insane large sum of money
Evelyn Phipps
@LadyFi · 4:05
Sometimes we can just use a boost. I would buy my home that I grew up with, and I would burn it to the ground. And not so much because it was just horrible, but there are some horrible memories there. So I would burn it to the ground, and I would build something beautiful where it stood so that maybe another family could be blessed and not have to reside in a home with bad energy. And then there's just so many things
Robert Jenkins
@Guruball1 · 3:58
And then the best part about it is that there's a high school that's right up the block. So a lot of the high schools, the high school is actually one block away. So the high school kids would be walking over to the grocery store. I could also have a little set up inside the grocery store where I make cheeseburgers and pizza and a lot of different things like that. So I can go a lot of different ways with what I want to invest my money in
Kwa NateKo
@kwa · 4:30
And because I have enough money, I can look for something that will give me a return in the long haul. And the point is, when I do that, I've taken away all my recurring costs. I've bought assets that I know will last me a long time. So I'm not the type who wants a whole bunch of new cars or a whole bunch of new homes
Michael Knight
@MK1981 · 0:44
What would you do with that level of wealth? $160,000,000. So everything that you were talking about earlier, all your financial obligations, are pretty much covered for this lifetime. And three or four generations after you, what would your life look like then, and what would you do with that money?
Kwa NateKo
@kwa · 4:57
So I forgot what they called them. They're like the labs, basically. And if you think of things like education, another thing in my head is food and things that are. And another thing I talked about cost effective housing
Kwa NateKo
@kwa · 4:50
Oh, I have a couple other things on top of it. I mean, one really simple thing is I spend a lot of time eating good. I mean really good. Like my dad. Like, healthy, healthy foods probably. Mostly this is a corny wish for $100 million, but it really is true. Healthy foods that are, because my dad was vegan growing up
Michael Knight
@MK1981 · 1:36
It. Well, I don't think anything that you said was corny at all. I mean, wanting to invest in, you know, better food quality. There's something corny about that, especially doing something in honor of your father. It's your father. Why? Why is that corny?
Kwa NateKo
@kwa · 4:56
My first business, and laundry mat might be something I would look to buy sometime after I got a nice, easily recurring revenue asset Knight business, because then I feel there's less risk for my overall portfolio of revenue and income. And it might look something like this. I remember looking at a business and the business would be b to b. It could be operated remotely and it usually entailed some kind of subscription revenue that you get every month or something like that
Kwa NateKo
@kwa · 4:16
If it goes up, you have businesses are good for that, that kind of thing. And progressively, once I make more money and have a larger cushion, take larger risks on top of that. It's boring stuff, but that's actually interesting to me. And then the more those businesses manages themselves and the less risky my total portfolio is, the more I could spend the rest of that time living life. Yeah, I don't know
Michael Knight
@MK1981 · 2:17
I'm just thinking of ways of just reimagining what it's like to have money and, oh, and to your original thing, about a million dollars. Honestly, at this point in my life, I would probably just, again, the whole same thing of putting it in a high yield bank account and live somewhere where the money that it generates each year is more than enough to kind of take care of rent or mortgage, whatever
Kwa NateKo
@kwa · 1:55
And this is what I was saying I thought, and I was pretty sure the more money you put into account, the higher your interest is. I didn't realize it was 5%. And I didn't even think about bonds or other instruments where depending on your deal with the bank, because I remember Warren Buffett. Buffett saying something about that, like when he was investing in, he had certain deals with particular banks where he got good returns on giving them money
Michael Knight
@MK1981 · 2:17
Well, that's another reason why I like conversations like this, because I think we, especially those people in our community, but more in general, just Americans in general, we don't really think about how money can work, because that's kind of like the strategy that I'm kind of implementing right now with my wife. We're trying to just take as much of our earnings and stuff it into savings because interest rates are so high. High, I think. Who is it?
Felicia Moreland
@Fifi · 5:00
Hi, Michael and everyone at Swells. My name is Felicia, also known as Fifi. At Fifi's Naturals Club. If I won the lottery, I would start an educational center dedicated to natural science and sociology. Also buy me a nice, beautiful home and nothing big, nothing too small, because I've always dreamed of having a garden in a few trees, such as apple trees, pear trees, and fruit trees