You are given an endless supply of money, but for every dollar you spend, 1 second is subtracted from the end of your life. How much do you spend?
Oh boy. This takes some planning. So first off, I would have to budget myself. I don’t want to think of it as a lump sump. I would essentially give myself a salary of $350k after taxes for 30 years to live a very nice life, even if I eventually start a family. (That would be like earning $583k/yr before taxes for 30 years) I wouldn’t act as though I had an endless supply because then I would blow money that I wouldn’t need to. So by giving myself that nice upper class salary, I would take $10.5 million. So now let’s do the math and see how much that would set me back.WOW! I have only shortened my life span by 121 days. Honestly, that’s nothing! If all I had to do was give up not even half a year of my life to have that kind of money and never have to work a day in my life, I would gladly do it! I mean, think of how much time you’d spend at a job. That’s just time you have to do whatever you want now.Now if I don’t want to get bored, obviously I’ll pick up some hobbies. Since I’m essentially a retired and decently affluent man, I’d probably get into sailing. I have the rest of my life ahead of me with nothing to do, so lemme pick up a hobby that allows me to see the world! It would be great to learn to sail and travel the world. So the 2021 Beneteau Oceanis 51.1 is $625k. That would only take like a week off my lifespan so let’s dream bigger.Now I just looked this up and Isla Gallina is a 22 acre private island for sale off the coast of Panama. It costs $1.85 million. Not bad for a private island. Honestly thought they’d be way more. Then building a home and dock, etc. on my island would be another $2.5 mil let’s say.I’d likely settle somewhere in southern California so that I could easily sail to my private island in Panama. My house in Cali would run me maybe $2.5 mil to look something like this from some cursory research.So add all that up and we have a total around $18 million. And when you do the math, that only shortens my life by only 208 days! Not even a year is taken off my life with all of this!Now, I’m sure there are things I haven’t accounted for. Boat upkeep is expensive, and so will be traveling the world. That property tax would be pretty insane as well. My very nice budgeted salary should take care of some of that but just to ensure that I am comfortable, let’s round it out to $22.5 mil. All in all, I’ve shortened my life by 260 days, not even a full year, and I have a private island, a 51 foot sailboat, a nice house in SoCal, a budgeted yearly salary of close to $600k for 30 years, and a nice nest egg of close to $5 mil as well if set a cap of 260 days. Sounds pretty luxurious to me!But since I just felt terrible about myself after writing that post, I’d take another 2 and a half weeks off my life, donate that $1.5 mil to charity, and do loads of volunteer work to give my life purpose with all the free time I’d have. Anyway, that’s how much I’d be WILLING to spend. Of course the money is endless but I would cap it there and not let myself take anymore out after that point barring some unforeseen tragedy. And whatever I don’t spend would be donated as well.And NOW I think I’m done.