If you found $1 million in a suitcase abandoned, what would you do to keep it?

[gib]

This thread is incredibly US-centric. Most of us with any wealth worth protecting are smart enough to base ourselves entirely out of the US jurisdiction. Which is indeed how the majority of the world live...

For those in the US, for whom 1m is enough money, simply get on a plane, never return, and draw down on your bitcoin in your tropical jurisdiction of choice.

[Wiggs]

This thread is incredibly US-centric. Most of us with any wealth worth protecting are smart enough to base ourselves entirely out of the US jurisdiction. Which is indeed how the majority of the world live...

For those in the US, for whom 1m is enough money, simply get on a plane, never return, and draw down on your bitcoin in your tropical jurisdiction of choice.

You can't bring more than 10k cash on a plane and I'm not risking it all to get on a plane. I guess if you pay 40-50k for a private plane out of the country, you could do it.

[Goliathon]

Can't tell if this thread is for real. It's only a million, you guys are acting as if you're gonna have to spontaneously retire. It's $500 a week for 40 years. That's not a lot of money to wash. So many services etc take cash money. Not to mention stealth reno's etc, where you buy a house needing a lot of work, spend some money legally and the rest on the back end.


You can buy a ton of stuff with cash and that trend is probably gonna rebound with so many people getting bad credit through bankrupcy. Any restaurant/hooker/drug dealer/movie theatres/scappled tickets to sporting events/concerts etcnot to mention cash tipping in hotel's/cabs etc to get those little extras while on vacation etc.

And you have family members that you could easily easily give large volumes of cash to. Clothes/food etc is all easy to do with cash. And you obviously have people on the other side who always want to take cash, especially people selling used cars/doing small job contract work etc.

The only way you can screw this up is on a house or a car, granted that's a thing for most idiots.

Not to mention you can always be buying used stuff with cash, and selling it again to recoup your money.
 

EDIT: You got me thinking, $250 a week is social money, eating out, gas, expensive grocers(buy cheap groceries twice a month on your card). If you're married that's a lot of money going to your wife, if you're not married that's going to dating. If you have kids that's babysitters. You also get to tell your wife you're doing cash jobs with the boys on saturday when in reality the deck isn't being built it's being barbecues on etc.

The other $250 would be shit like paying people cash to work on your home, getting your best friend to give you a phone on his monthly bill, get your folks paying for your netflix etc. Then there's Christmas gifts for the family, "borrowing" your grandmothers escalade etc.

The reality is 1 mill ain't a lot of money.


EDIT2: Also if you and your wife are dual income, you can easily spend the majority of it on a house and car, with no worries of losing your jobs etc, no sacrifieces in terms of lifestyle, and just spend a set amount on your card for foot/gas/bills each month.

[obsidian]

Car wash

Easiest way to launder money these days

All cash and no one knows how many cars you have washed.

Unless there's 24/7 video surveillance. Let's see your videos. Or the neighbors? How many cars did you say came through here?

[obsidian]

Can't tell if this thread is for real. It's only a million, you guys are acting as if you're gonna have to spontaneously retire. It's $500 a week for 40 years. That's not a lot of money to wash. So many services etc take cash money. Not to mention stealth reno's etc, where you buy a house needing a lot of work, spend some money legally and the rest on the back end.


You can buy a ton of stuff with cash and that trend is probably gonna rebound with so many people getting bad credit through bankrupcy. Any restaurant/hooker/drug dealer/movie theatres/scappled tickets to sporting events/concerts etcnot to mention cash tipping in hotel's/cabs etc to get those little extras while on vacation etc.

And you have family members that you could easily easily give large volumes of cash to. Clothes/food etc is all easy to do with cash. And you obviously have people on the other side who always want to take cash, especially people selling used cars/doing small job contract work etc.

The only way you can screw this up is on a house or a car, granted that's a thing for most idiots.

Not to mention you can always be buying used stuff with cash, and selling it again to recoup your money.
 

EDIT: You got me thinking, $250 a week is social money, eating out, gas, expensive grocers(buy cheap groceries twice a month on your card). If you're married that's a lot of money going to your wife, if you're not married that's going to dating. If you have kids that's babysitters. You also get to tell your wife you're doing cash jobs with the boys on saturday when in reality the deck isn't being built it's being barbecues on etc.

The other $250 would be shit like paying people cash to work on your home, getting your best friend to give you a phone on his monthly bill, get your folks paying for your netflix etc. Then there's Christmas gifts for the family, "borrowing" your grandmothers escalade etc.

The reality is 1 mill ain't a lot of money.


EDIT2: Also if you and your wife are dual income, you can easily spend the majority of it on a house and car, with no worries of losing your jobs etc, no sacrifieces in terms of lifestyle, and just spend a set amount on your card for foot/gas/bills each month.

That's why I said in my initial post that the easiest way would be to spend a little here and there on groceries, haircuts, gas, etc. What if you don't want to wait 40 years?

What if you want to start using that money for investments, etc? You'd have to really think it out.

I like the idea of buying an old house for a low price, fixing up some stuff with on-the-book money, and paying for some stuff on the side. For tax purposes, do you have to provide receipts when you flip a house for a decent profit to prove where your expenses went? Or can you just claim you got lucky and found the right buyer and did very little work to improve the house? Let's face it, in most cases you're not going to flip an old, outdated house without putting the time and money in to make it worth the extra dollars.

[obsidian]

This thread is incredibly US-centric. Most of us with any wealth worth protecting are smart enough to base ourselves entirely out of the US jurisdiction. Which is indeed how the majority of the world live...

For those in the US, for whom 1m is enough money, simply get on a plane, never return, and draw down on your bitcoin in your tropical jurisdiction of choice.

Well, some of us are still in this soon to be shithole!

[cart@@n]

The first thing to do is to empty the suitcase, find the transponder and to throw it away.
And don't forget the Mexican Gang, even if a very dangerous assassin is after you.

[robcguns]

The first thing to do is to empty the suitcase, find the transponder and to throw it away.
And don't forget the Mexican Gang, even if a very dangerous assassin is after you.

Definitely this.

[gib]

You can't bring more than 10k cash on a plane and I'm not risking it all to get on a plane....

Not quite true. There is no specific law that prohibits you from taking large amounts of cash on a plane. But you may have disclosure obligations, both on the exist and/or the entry of some countries.

But either way, that's why we do it in Bitcoin, fly to our destination of choice, and live happily ever after...

[Phantom Spunker]

Al Jazeera recently made a very interesting four-part documentary investigating money laundering at the highest levels. Worth a watch if you're interested in the subject.

[Rmj11]

Yep. Store it in a home safe and just spend it bit by bit over time.

[Goliathon]

That's why I said in my initial post that the easiest way wouild be to spend a little here and there on groceries, haircuts, gas, etc. What if you don't want to wait 40 years?

What if you want to start using that money for investments, etc? You'd have to really think it out.

I like the idea of buying an old house for a low price, fixing up some stuff with on-the-book money, and paying for some stuff on the side. For tax purposes, do you have to provide receipts when you flip a house for a decent profit to prove where your expenses went? Or can you just claim you got lucky and found the right buyer and did very little work to improve the house? Let's face it, in most cases you're not going to flip an old, outdated house without putting the time and money in to make it worth the extra dollars.

if its labor intensive you just claim you did it on your own

[Beefjake]

The first thing to do is to empty the suitcase, find the transponder and to throw it away.
And don't forget the Mexican Gang, even if a very dangerous assassin is after you.

Good point.
I worried about the same thing on the first page.

Found out that ” What briefcase? ” perfectly acceptable aswer to these cartel types 🤷🏽‍♂️