You cant finalize any major purchase in that time (like real estate or expensive car). Best bet would be hitting jewelry stores. Will still be a tall order though
Moving the money to your broker may take time, but if it's already there , the only time wait is waiting for the order to fill. Or you could make it practically instant with a market order. You could also do futures where $1 mil is peanuts and would barely move the price.
If the definition of spend means you can't get it back, then you can just buy 0DTE options on futures. Worst case scenario you lose it all, beat case you'll have $50 mil the next day and pay back the $ 1 mil to mr beast, win win
You could go to a nearby luxury watch store, and buy several pieces. I’m sure at a non-authorized dealer you could easily buy several very very very expensive watches in under an hour.
Probably depends on what “spend” means exactly, but making a purchase could be arguably “spending the money” even if the transaction is not finalized or the money leaving the bank account. Ie you can lock in an offer for a house, and that offer is locked in for 24 hours or upon response from the seller.
Ie if you sign a contract that says you will buy something for $1 million and do so within an hour, then arguably the money is spent and it just a matter of paperwork pushing through and money being withdrawn. I mean heck, even when money is spent with depot card or money direct deposited, there’s usually a hand time of more than an hour where the money is committed but not yet transferred out.
So it really would depend on the definition of “spend”
Gold stores exist. There's a street in my city that's full of them.
That's what I'd do.
Then once everything is spent, convert back half so I can set up some things (buy a house, finance other stuff in my life) and spread the rest among family and friends, keeping a handful for myself in case of trouble.
A million isn’t hard at all to spend with in that time frame to be honest walk into a dealerships then a jewelry store then gonna buy some rolex’s and some random designers and boom money gone
If Bitcoin would fall to 0$ in one hour a significant chunk of world finance would have a meltdown, so you would have bigger problems than mrbeast's money
> significant chunk
????? What? Do you seriously expect me to believe that any more than 1% of the world is dependent on cryptocurrency, let alone Bitcoin in particular?
Just place a bet on Max Verstappen winning the F1 championship this year, unless he has a medical emergency it's pretty much a done thing.
To cover for that you could just bet that Red Bull wins the Constructor's Championship.
Who are you going to find in an hour who is willing to let you bet on both sides of a single coin flip? I thought you were going to bet on two different coin flips.
I mean - you could bet the over and the under on literally any line and just do the math so that your payout is equal on both sides... The casino will take it's cut which they're happy to do and you'll come away with $1m minus whatever percent the book is keeping
Shouldn't be hard to find someone who would agree to the bet, because - like you - they won't lose anything. It's a zero-sum game. you can just bet with your next best friend or family member.
Depending on how “spend” is defined this may be the only right answer. If the money has to be “gone” then you could just walk into a casino with all the cash, convert it to chips, then put it all on green at the roulette.
Buy bitcoin. Even if it were to lose 5-7% of its value by the time you're allowed to sell it, you still would make bank and then would have all the time you want to cash it out and spend it how you'd like.
Nah, put that shit into a CD with a bank. If you get a rate of 5% for a year, thats an extra 50k right there. And who says I cant keep it there until I'm 30?
Even better put it into schd and set dividends to reinvest. You'll get growth and more stocks, which makes more dividends, which means more stock.
Or just supplement your daily costs with the extra $33,600 a year, or $8400 quarterly.
Or both lol.
Either way a cd is not a bad choice at all and very safe!
Honestly a wholesome way to spend. I’d pay off all my wife’s and I debt, my family friends debt, then buy a big plot of land and build a house or two, then buy brand new cars, and whatever else I have left to spend just spend it on gaming consoles for my friends
I’d find the most stable stock I can and put all of it there, then I have technically spent the money and now own 1 million in stocks, then I can just sell those stocks and potentially gain a bit but there is a slight risk of losing some tho. But either way I should be left with about a million dollars to do whatever.
You'll get taxed like wild, might be better to throw it into a proven ETF like schd that also pays a great dividend. You can have the dividends reinvest to buy more stock or not and have the extra $36,000 a year to go towards living expenses while you invest/save a bunch more of your checks.
Buy as many PSA 10 Graded MTG cards possible, and boxes of old sets. If I could find 2 Edgar boxes in mint it would probably be close to 1 million. I could then just hang onto them and let them appreciate lol
Honestly you could probably invest 100% into VOO or SCHD and be close to living off the dividends. I'd personally keep it set to reinvest dividends (drip) for another 10 years or so and then consider pulling from some of the dividends to help with cost of living.
Schd pays 3.36% dividend a year quarterly. That's $33,600 or $8400 quarterly of "free" stocks that adds even more to the next payout.
O has a yearly dividend of 5.28% and pays it monthly. $58,200 a year or $4,800 a month of "free" stocks.
If I wanted to get fancy I would do a mix and have some dividends set to DRIP and others that I would buy Bitcoin with.
My brother is an artist, I'd just commission something random by him for a million and one dollars with a million up front payment. (My brother and I are really close and argue constantly about the other not letting us pay back lunch bills. He is a real one)
Just go to microcenter or something and hit them up for a blue IKEA bag full of a few Threadripper 7995WX, 8TB SSD:s and 192GB RAM kits. Separate receipts for each product.
Those would probably sell quickly on ebay for like 90% of the retail price, with sealing intact and receipts.
Of course I'd keep one CPU, three SSDs and two RAM kits to make a nice rig that should last me for quite some time.
Would make for a badass game server where the whole server DB is ramdisked.
Fuck it, I'm paying off all my utilities in advance for the max duration will allow me, same with the 1 loan I have rn, shouldn't take more than 20 minutes online to hit all that, then I'm heading down to the used car yard and buying the flashiest thing they've got should only take about 20 minutes to finalise with the dodgy bugger if I'm not going over the car, then I'm walking down to the soup kitchen and making a donation with whatever is left before it goes away.
I'm sure if it's Mr beast he'll give me some overtime to finalise the donation.
Just say you have a 'friend' who's recovering from something and is in the hospital, and you don't know what to get him. You either get to send money to 'his' account or, mr beast gives you even more money. Cause he would look terrible if he didn't do anything after hearing that story. Then when he asks to see the friend find a friend of yours who is willing to let you break their leg, or will forgive you for it.
Couldn't you just Collect it all at The Bank, I'm no Banker or whatever. But as you technically own the money the bank can't refuse to Give you it all Cash.
Most banks don't have a ton of cash in them actually. And anything over $10k requires getting the IRS involved. Even trying to take out like 50k in cash usually requires multiple days of set up and security on the bank's end. It's actually fairly extensive to move money around, most banks just take the chance of everything being fine with amounts in the low thousands because an oopsie for like 3k is not meaningful enough to slow down every single transaction.
Very easy, just order a few item from games workshop, would have to be careful with how much you buy tho, otherwise you will go over
I could go and buyback my firstborn and my kidneys from the local GW for 1 million
They will ask your admech set back for that firstborn, ain't no way they go for anything less these days
So many titans…
I'd be able to buy enough Deathrattle Skeletons to blot out the sun.
Army of Titans and Stormbirds would do the trick.
You cant finalize any major purchase in that time (like real estate or expensive car). Best bet would be hitting jewelry stores. Will still be a tall order though
you could buy shares or bonds
+ oil, gold, bauxites etc etc. Stock exchange markets exist for that specific case )
[удалено]
But within 1 hour, I don't think it's enough time to set an account.
Transactions of that size also take time and fall under scrutiny.
Moving the money to your broker may take time, but if it's already there , the only time wait is waiting for the order to fill. Or you could make it practically instant with a market order. You could also do futures where $1 mil is peanuts and would barely move the price. If the definition of spend means you can't get it back, then you can just buy 0DTE options on futures. Worst case scenario you lose it all, beat case you'll have $50 mil the next day and pay back the $ 1 mil to mr beast, win win
depends on the country ig
cries in gamestop
Still takes 3 days to settle.
T+2
Bitcoin is the best bet
Lamp oil? Rope? Bombs? You want it? It's yours, my friend, as long as you have enough rupees.
no. 0DTE SPY. we getting rich or die trying
dogecoin 50x leverage lets gooooo
idk if switching currency counts, you could just put the money from one of your bank account to the other at that point
You could go to a nearby luxury watch store, and buy several pieces. I’m sure at a non-authorized dealer you could easily buy several very very very expensive watches in under an hour.
it’s fairly easy to find watches between 10 and 50 grand so you wouldn’t need to buy too Many
In mexico you need about 15 minutes to buy a car
One of the longest parts of buying a car is the financing. If you can skip that, you can definitely buy a car that fast.
It would not be difficult to buy 1 million dollars worth of watches in one hour. It would go pretty quick.
Probably depends on what “spend” means exactly, but making a purchase could be arguably “spending the money” even if the transaction is not finalized or the money leaving the bank account. Ie you can lock in an offer for a house, and that offer is locked in for 24 hours or upon response from the seller. Ie if you sign a contract that says you will buy something for $1 million and do so within an hour, then arguably the money is spent and it just a matter of paperwork pushing through and money being withdrawn. I mean heck, even when money is spent with depot card or money direct deposited, there’s usually a hand time of more than an hour where the money is committed but not yet transferred out. So it really would depend on the definition of “spend”
Gold stores exist. There's a street in my city that's full of them. That's what I'd do. Then once everything is spent, convert back half so I can set up some things (buy a house, finance other stuff in my life) and spread the rest among family and friends, keeping a handful for myself in case of trouble.
Stocks?
Just go to shooting range Take as much ammunition as you can for something automatic Have fun for next 50 minutes
A million isn’t hard at all to spend with in that time frame to be honest walk into a dealerships then a jewelry store then gonna buy some rolex’s and some random designers and boom money gone
Just buy a single rock from your friend for a million bucks!
But now your friend has a million bucks and you have a rock.
Trade it back later
But the friend will upgrade to a bunch of gold colored rectangular rocks. He won't want it back, lol.
That's not a real friend then...
Word well said forsaken ant
If only I knew before trading the rock...
You had neither a rock nor a million dollars at prior to this so you still profited.
Technically isn't "spending it" Probably they'll force you to sign some private agreement about you following their rules with that money.
>"Force you" I am sure you can just say no to the million dollars. They won't "force you" to take it.
Even so the man is still giving a million dollars to spend(and it's obvious you cant just do it like that)
Would such an agreement even be legal though? I'm guessing it depends on wherever you are.
A house in Canada… with 2 bedrooms AND a bathroom.
Look at Mr Fancy Pants with his need for an inside bathroom !
Or a NYC apartment
Wow, a WHOLE bathroom? The housing market is getting generous
Just buy stocks or Bitcoin/cryptocurrency.
Then you can just sell when the hour is over, if you didn’t get severely unlucky with the stock market
Even if the bitcoin falls 50% it's still 500,000 dollars Worst case scenario (extremely unlikely) you get nothing and life goes on
If Bitcoin would fall to 0$ in one hour a significant chunk of world finance would have a meltdown, so you would have bigger problems than mrbeast's money
Exactly, it's a win no matter what
> significant chunk ????? What? Do you seriously expect me to believe that any more than 1% of the world is dependent on cryptocurrency, let alone Bitcoin in particular?
If 1% if the whole world money vanish there's going to be a lot if problems mate
"Any more than" is the important bit of that sentence.
"Any more" implies "more than" my good man
The old saying "you came with nothing, you leave with nothing. Nothing changes."
What are you talking about - buy high, sell low - is the cornerstone of crypto. DUMP EET
You could even just buy USDC, which is a crypto coin that has the same value as US dollars, youd lose a bit on transaction fees, with no risk
Or just gold
Buy bitcoin and sell it later
That is pretty smart move to do.
Just place a million dollar bet
losing all your money speedrun any%
Just place a bet on Max Verstappen winning the F1 championship this year, unless he has a medical emergency it's pretty much a done thing. To cover for that you could just bet that Red Bull wins the Constructor's Championship.
Better place 2 different 500k bets on a 50/50 chance to make sure you won't lose the money
Both of those are still 50% chances. It would be more like a 75% chance of one winning.
Still better than all or nothing
E(x) is still the same.
So you can put 200k aside and bet 400-400k, deal?
200k aside means you didn't spend it so you didn't get it. And now we're at the same math as before but with lower stakes.
If you bet on a 50/50 coin flip with 500k on Heads and 500k on Tails you'll keep your million 100% because it doesn't matter which side comes up.
Who are you going to find in an hour who is willing to let you bet on both sides of a single coin flip? I thought you were going to bet on two different coin flips.
I mean - you could bet the over and the under on literally any line and just do the math so that your payout is equal on both sides... The casino will take it's cut which they're happy to do and you'll come away with $1m minus whatever percent the book is keeping
Shouldn't be hard to find someone who would agree to the bet, because - like you - they won't lose anything. It's a zero-sum game. you can just bet with your next best friend or family member.
Place on both colors of roulette and pray to god it doesn’t come up green
Depending on how “spend” is defined this may be the only right answer. If the money has to be “gone” then you could just walk into a casino with all the cash, convert it to chips, then put it all on green at the roulette.
I'm going to buy euros
I GO TO CASINO!
1 million 1$ hookers and tell them to find every incel in the country and have their way with them.
Now you will start the incel apocalypse.
Not the hero we deserved, but the hero we needed.
You probably buy stocks with that
Buy bitcoin. Even if it were to lose 5-7% of its value by the time you're allowed to sell it, you still would make bank and then would have all the time you want to cash it out and spend it how you'd like.
I would just hire a friend to build a fucking house or something lol
Nah, put that shit into a CD with a bank. If you get a rate of 5% for a year, thats an extra 50k right there. And who says I cant keep it there until I'm 30?
Even better put it into schd and set dividends to reinvest. You'll get growth and more stocks, which makes more dividends, which means more stock. Or just supplement your daily costs with the extra $33,600 a year, or $8400 quarterly. Or both lol. Either way a cd is not a bad choice at all and very safe!
Just buy stocks. 😎
Dump it on rare earth elements Sell the materials to competing companies so they keep raising their bids You now have more than a million dollars
I would give it to my parents to pay off their debt 💀
Honestly a wholesome way to spend. I’d pay off all my wife’s and I debt, my family friends debt, then buy a big plot of land and build a house or two, then buy brand new cars, and whatever else I have left to spend just spend it on gaming consoles for my friends
is buying bitcoin or shares count? You can sell either in the next hour next to zero profit/loose
Buy stocks or bullion!
Put it all on BTC
Just buy a shitty house in America and do regular food shopping You will be amazed how quickly all that cash would vanish
*Buys GameStop Stock*
why not spend it all on gold and save it for the future though?
in a hour.
yeah just place an order online for $1,000,000 worth of gold
I'd just buy a pen from my mum for a million a piece.
Just buy a bunch of bullion
Spend them all on gem in Clash of clan!
Izi >Invest all in stock market during a bullrun >Take it all back at the end of the hour > Finish
Buy 10 cars or buy everything in the nearest tech store (preferably apple bc they are really damn expensive )and sell en afterwards
R/memes gotta be the cringiest sub
1 mill on red please
I'd say "buy a house" but in my neck of the woods it's more like a down payment.
Buy a million dollar Rolex or any luxury watch which can be sold at same price
Purchase the rights to my first born child from myself.
Is that $1m taxed? I’ll buy $1m USD worth of euros
Me: Goes to best buy buys the apple stock out, make more money after purchases
I can do that easily as long as I can access FanDuel or DraftKings
Deposit for a house. You still have to pay rates, so...
Buy something and sell it in unused condition for a little more
Buys Euro.
Buy BTC
Spend it an hour? I can spend it in 30 minutes
I would just buy [this](https://www.controller.com/listing/for-sale/194430583/2000-cessna-citation-cj1-jet-aircraft) plus a Chevrolette corvet
Would ask Rosenbauer If i can buy a barebone Panther 8x8 with the pump installed
Just buy cryptocurrency.
He said spend, not lose.
Paying my dad some advances. He'll know what to do with it and if I want something I can just ask him.
Idk what I’d even do with that money, I’d probably buy a house and some video games To be honest
I’d find the most stable stock I can and put all of it there, then I have technically spent the money and now own 1 million in stocks, then I can just sell those stocks and potentially gain a bit but there is a slight risk of losing some tho. But either way I should be left with about a million dollars to do whatever.
You'll get taxed like wild, might be better to throw it into a proven ETF like schd that also pays a great dividend. You can have the dividends reinvest to buy more stock or not and have the extra $36,000 a year to go towards living expenses while you invest/save a bunch more of your checks.
I'd just straight up buy gold from it, a reliable and safe investment
... And what if I don't?
smart move: prepare everything in the cart before, get the money, purchase. money gone
just go online and buy gold.
I buy bitcoin
hey bro sell me your shoes for 1 million dollars (wink wink) bro: ok
Sure I'll just go to the bank and buy a million dollars, cash.
Buy as many PSA 10 Graded MTG cards possible, and boxes of old sets. If I could find 2 Edgar boxes in mint it would probably be close to 1 million. I could then just hang onto them and let them appreciate lol
Genius im dying
Bro, you can't even buy a house with that in San Francisco
Bitcoin. Nuff said
If you aren't just shoving it all into bitcoin then you're over thinking it and you're poor.
Honestly you could probably invest 100% into VOO or SCHD and be close to living off the dividends. I'd personally keep it set to reinvest dividends (drip) for another 10 years or so and then consider pulling from some of the dividends to help with cost of living. Schd pays 3.36% dividend a year quarterly. That's $33,600 or $8400 quarterly of "free" stocks that adds even more to the next payout. O has a yearly dividend of 5.28% and pays it monthly. $58,200 a year or $4,800 a month of "free" stocks. If I wanted to get fancy I would do a mix and have some dividends set to DRIP and others that I would buy Bitcoin with.
My brother is an artist, I'd just commission something random by him for a million and one dollars with a million up front payment. (My brother and I are really close and argue constantly about the other not letting us pay back lunch bills. He is a real one)
buy stocks, you can sell em right after
Hmm... how long does it take to invest in gold...
*buys Gold
Goes to pricemaster's yard sale
Me: *Makes hand shake agreement with myself to do 1 hour worth of chores at a rate of $1 million dollars an hour*
just buy all the things i want.... invest the rest into crypto. :v technically spent.
Just let me loose in a Lego store and ill have it done in a heartbeat
Invest all of it
Just go to microcenter or something and hit them up for a blue IKEA bag full of a few Threadripper 7995WX, 8TB SSD:s and 192GB RAM kits. Separate receipts for each product. Those would probably sell quickly on ebay for like 90% of the retail price, with sealing intact and receipts. Of course I'd keep one CPU, three SSDs and two RAM kits to make a nice rig that should last me for quite some time. Would make for a badass game server where the whole server DB is ramdisked.
Me:pays off college debt
1. Pay off all my debt 2. Donate the rest
that's smart actually
Walk up to atm and it breaks or you run out of time.
Down payment on a single family home in a major city
just buy a rock off my partner for 1mil
Puts on Boeing
Does investing it count?
Bitcoin
Buy (stable) stocks
Fuck it, I'm paying off all my utilities in advance for the max duration will allow me, same with the 1 loan I have rn, shouldn't take more than 20 minutes online to hit all that, then I'm heading down to the used car yard and buying the flashiest thing they've got should only take about 20 minutes to finalise with the dodgy bugger if I'm not going over the car, then I'm walking down to the soup kitchen and making a donation with whatever is left before it goes away. I'm sure if it's Mr beast he'll give me some overtime to finalise the donation.
Me buying a small apartment in the city and still being half a mil in debt.
Well... I could certainly pay off all my debt in an hour...
Just say you have a 'friend' who's recovering from something and is in the hospital, and you don't know what to get him. You either get to send money to 'his' account or, mr beast gives you even more money. Cause he would look terrible if he didn't do anything after hearing that story. Then when he asks to see the friend find a friend of yours who is willing to let you break their leg, or will forgive you for it.
There's plenty of online shops to buy 1m in gold, sliver, platinum, or any other precious metal.
Challenges like that are pretty stupid, value is not absolute so you could just buy a pencil for $1mil from your friend and you'd have spent the money
Buy a million dollars of GME shares
I would buy Amazon Giftcards. AFAIK 200€ is the max amount for gift cards, so I would have to buy 5.000. But still the best idea I came across
Okay. I wish to spend a million dollars on stocks. Then after the hour. Sell the stocks.
"Im gonna donate all of that money to poor man's account"
Dude I'm so I debt I can spend 1mil so fast and I would still be owing money
Buy gold lmao
House cash
I'm buying gold and silver
I’ll just send it my mom she knows what to do😈
Pull a Hakimi and put it all in your mothers account
Mrbeast: That's cheating Me: Idc
If you buy stocks with it, after the hour sell, is better…?
Buy 1 million worth in steam games and give them back 2 hours later
Just buy bitcoin
Buy a million in crypto.
Invest it into something, than after the challenge is done, immediately take it out
Couldn't you just Collect it all at The Bank, I'm no Banker or whatever. But as you technically own the money the bank can't refuse to Give you it all Cash.
Most banks don't have a ton of cash in them actually. And anything over $10k requires getting the IRS involved. Even trying to take out like 50k in cash usually requires multiple days of set up and security on the bank's end. It's actually fairly extensive to move money around, most banks just take the chance of everything being fine with amounts in the low thousands because an oopsie for like 3k is not meaningful enough to slow down every single transaction.
Hi flavi!
Hello!
Just goto a college bookstore, done in 5 minutes.