Asklemmy

Does the money go poof if you spend it? For example, say I buy some jewelry with half of the million dollars. Then, the time limit passes. Does just the half a million I still have on hand disappear or does the cash I spent vanish as well?

If the cash I spend vanishes, then I might be opening myself up to fraud charges after the hour is up. Going back to the jewelry situation. I buy half a million in jewelry and hand over the last of the cash just as the time limit ends. If the money in the store clerk's hands suddenly vanishes, they're going to demand their merchandise back. If I'm already walking out the door when it goes poof, they'll call the police on me.

Of course, if the money that I spend doesn't vanish after the time limit expires, then that's a different story.

I would go out and find a store in which to buy liquid commodities, like gold, jewelry, etc. Anything that doesn't immediately degrade after being bought and becoming "used", and preferably something that can be returned, so I can quickly retrieve my money after "laundering" it away from being owned by the stipulation. And then, because having a shitload of money requires a shitload of thought, I would probably go find a nice cheap general aviation plane to buy for myself, or maybe a glider, and get my PPL, and live my dreams. And then maybe I'd buy and convert a work van into a place to live, and live the rest of my life out on the road hiking and camping. The rest, I could invest away in a safe and broad portfolio, and live my life worry-free. I live nowadays (excluding rent) on like $0 cause most of it is government aid anyway. So no more work.

I live in Las Vegas. I’m about in the middle of town and it’s 2200. There’s a pawn shop about 20 minutes away from me that’s open until 0100 every night. They’re a large normal pawn shop but specialize in jewelry and gold. I’d buy all of the precious metals, collector coins, and valuable jewelry. I’d sell the collector coins the next day to a different pawn shop that specializes in collector coins, the precious metals to the gold and silver pawn shop, and the jewelry to a third pawn shop. I’d probably walk away with less than a quarter of the original million and doubt I could spend it all before it vanished but 100-200 k in less than 24 hours is pretty damn good!

It's just after noon and where I live, shops are open 365 days a year. The nearest IKEA is about a 30 min drive from here, I'll just ask the kitchen designer to print me a bill for 1.800 ovens, pay, then return everything within the 30 day free returns window.

Alternatively I would call my bank on the way and buy bearer bonds, traveler cheques, gold bars or whatever else, if they can issue them in time.

8pm here. I'd buy a house using some house buying mobile app. I'd probably sell it afterwards when the time is right and add the money to my investments.

I mean, if I get that money via my bank app, just gonna buy some stocks and bonds with it, wait 60 minutes and cash them all in after. I get to keep the money after taxes are deducted, and then might as well get my life in order and start travelling with my newfound financial freedom.

does donation count? There are a few nonprofits in my area that Id probably give it too. Other than that wipe my mortgage and student debt, buy a new car, and a couple of suits probably. Man being an adult is boring.

Probably a crap load of music studio gear then donate to one or more schools in my neighborhood

At the Bitcoin ATM around the corner.

Living in the small rural community I'm living in ATM I'm not even sure I could. Maybe I could call up some property sellers selling something for around 800k and offer a million. But there is a zero percent chance they wouldn't assume I was a scammer when I told them they needed to accept this deal within the hour or it was gone, haha.

I'd buy a good FPV drone, a Hurdy Gurdy and a nice office chair. My current one sucks.

Yeah, that's it.

Stocks and bonds

If I had 1 million in hand-

I am willing to bet the dealership could get me in and out pretty quickly!

Likewise, I have a friend selling a house. I am quite certain we can make a bill of sale in an hour.

But- since those options are off-limits. Honestly- there really aren't many options.

Since, its cash-in-hand, that likely means online transactions are against the rules.

SO- the best course of action would be to visit a store with a lot of expensive goodies. In my case, walmart is the best local option. Suppose I could buy out all of the TVs, game systems, etc. At least those would have the best resale value.

Gold, house, stonks.

Disappear as in physically disappear? I wouldn't spend that "money" knowing that I will be sued.

Disappear as in I don't get to spend that money? Buy my mother's phone with 1 million and let her use the phone anyway.

A million dollars in bitcoin, I'd walk away with a cool $100 after selling it all.

In truth, being in a central Florida town at 7 in the morning, I'd go on a shopping spree at some of the bigger box stores and stock up on electronics and building supplies, before I blew the rest on tools.

Assuming stuff was still open, I'd go to the bank and deposit it immediately.

Afterward I would pay off every debt I have online.

After that? Pay off my sister's car and my girlfriend's college debt. Then probably rent as far in advance as possible.

I honestly wouldn't have much time after doing that so I would maybe do an online grocery order to stock up and then seriously make a random DoorDasher's day.

Considering I won't be able to actually get it into the bank account on time because of KYC, the best thing I can do is to purchase the closest convenience store that is next to my house - I don't think the dude will reject a transaction in cash

Well, I have an online portal in which I can make payments on my house from anywhere, at any time. I pay off my house first. I still have quite a bit of cash left after that, but I don't really like the buy and return/sell back comments. I think that's a cop out. And I'm feeling lucky, so I'm gonna head to a casino that is about 15 minutes away from my house and put it all on black.

I'd immediately spend my actual, IRL money in my bank account on an Uber to the nearest bank machine and shove as much of the cash in there as possible.

I would prepare myself to take a BIG loss.

I think I would go on Amazon or eBay and order a bunch of new or slightly-used laptops. Then I would spend the next few months selling them at bargain prices. I would never get the whole million back, but I'd make some damn good money.

Somebody smarter than me might buy something that will gain value over time instead of losing it, but hey, I only have an hour so this is the best plan I could come up with!