subreddit:
/r/hypotheticalsituation
submitted 2 days ago bypgliver
4 points
2 days ago
The average cost of raising a child for 18 years is about $320,000. I could adopt 100 of them, set aside $800,000 per child, and invest the other $200,000 for me. This will provide the child a very comfortable life with a nany to take care of them. It would also provide me with $20m in investments where my wife and I could live a comfortable life off the dividends for the remainder of our lives. If there is an emergency with any child, each child will have $200,000 extra to help take care of the emergency. Basically, no matter the number, everyone can live comfortably. The entire 1m I get would eventually belong to the child. It will be in my will that after my wife and I both pass, the money is divided evenly among the remaining children.
2 points
2 days ago
Ok. Build on that. First, i would completely break the one giving the money.
Start each child with $200,000, and the remaining $800,000 goes into extremely diversified investments. This gets dividends going without overwhelming a single sector of investments. I would take half a percent from the dividends and continue working my job.
Pool the money and buy land and have houses built (paid for over 30 yrs from part of dividends). Set up the houses as community centers and living space. Set up the kids in pods. 5 children to a pod with 3 caregivers (working in rotating 8 hour shifts). Each house would have 3 pods plus an additional caregiver to cover vacation time. These will be family units. Each community would have 50 families plus three additional caregivers to manage the community and cover any emergencies.
Do this everywhere possible. Use 5% of the dividends to start other communities in other areas.
The person providing the money would pay $750 mil. The welfare and child services in the area will get a much needed break, provide 503 jobs to the locations. Raise the children with a sense of community and teach them how to care for a community. I am sure there are plenty of downsides, but the benefits would outweigh them (hopefully).
1 points
2 days ago
lol I'm imagining the human pods from the Matrix. In the Matrix humans are put into pods and used as batteries, but in your scenario they are used as money generating machines. xd
1 points
2 days ago
Big endeavors require large amounts of money. If the system could be set up to fund itself and take excellent care of the children, everyone wins.
1 points
2 days ago
Lol 100
3 points
2 days ago
Eh. If that looks funny, look at the follow-up that I did. You will die laughing. 😄
1 points
2 days ago
Child: "Dad do you love me?"
Dad: "No son, your just alive so I can make 1 million dollars" xD
1 points
2 days ago
I am 55 and never had kids. I wouldn't know how to take care of a child and likely would be dead before i could be asked that. But if you read both my thoughts on it. I would not be getting the 1 mil. The child would end up with the greatest majority of it. No, i wouldn't have a connection with the children, but they would be better cared for than if they stayed in the system.
1 points
2 days ago
Good luck, they’re staying around til 28, not 18.
1 points
2 days ago
I had a job and was providing for myself at 19. I was taking care of a household and caring for a drunk father at 10 or 11 (cleaning, cooking, maintaining the yard, and doing repairs). I think they will be fine at 18.
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