The key is to actually not care about the time spent, but rather what you do with it. If you're counting how long it's been, it's gonna be a grind, but if you're really focused in your goals, time flies and you get what you wanted.
Also, as others have mentioned, having multiple interests to jump back and forth to goes a long way in preventing burnout.
Clear all my debts, pay for my kid to go to any college he wants.
Renovate my house, or buy a new one. My house needs a lot of work but I've never had the funds to do much about it. There's electrical work and plumbing that needs to be done, roof needs to be replaced, hot water heater needs to be replaced, etc.
Open a computer repair shop. It's something I've always wanted to do, but computer repair for end users isn't as profitable as it once was.
Open a Retro Gaming & Computing museum. With every console you can imagine. And retro computers. And giant CRT televisions and monitors. With a giant collection of games. Everything is plugged in, with multiple controllers, ready to be played! I'd probably have a gallery of pinball tables attached as well.
I don't know the details, but I'd try to start some sort of e-waste program that tries to preserve retro tech rather than see it go to a landfill, or even rather than seeing it get scrapped for copper, etc.
Well, if it's something you're just interested in, then at some point you might become no longer interested in it. That's fine, it's normal, it's why people end up with an attic full of supplies for old hobbies. I've had certain hobbies and interests for 30+ years but it's not literally doing the same thing over and over again, there's plenty of variation within a topic. Always new things to learn, techniques to try, tools to use. If that variety ever stops, yep, I'll probably lose interest.
But your question seems to be more about long-term projects, which aren't something you just happen to get lucky and stay interested in. You have to actually make the decision to do the thing, set the time aside, and have discipline even on the days the magical motivation fairy didn't happen to sprinkle her dust on you.
First, buy the services of a financial advisor. Run a very long list of ideas past them to see what's plausible, what would make a positive difference in the world, what would likely become a self sustaining positive thing after an initial investment that I can afford to go without a return on.
For myself, build a house. Pick the exact location I want. Customize and overbuild everything. Backup power and solar panels. But from the outside, make it look exactly like the majority of the houses in a 1 mile radius. Except mine is capable of withstanding nuclear war.
Also, health care to the max is high on my selfish list. I want a reputable doctor to show up at my house each month to check on things and answer all the odd questions about a cough I had one time or whatever.
For my family, buy them a few nice things, set up a trust fund that pays out an actual living wage to each person and include a standing appointment with a financial advisor as well as access to their own doctor who makes house calls.
Yeah even if you parked your billion in some account with super low interest, say 0.1%, it'd still generate a million dollars a year without you even doing a thing.
Park the rest in the highest interest account that'll have me and live off the interest without touching the principal as much as as I can, do whatever the fuck I want for the rest of my days.
Controlling shares in smaller mining, green energy, & electric component(motors, solenoids, etc) stocks, and merging them together for vertical integration. Machinery, logistics, & other production stocks, merging into a separate conglomerate for vertical integration. Cargo boat manufacturing companies who specialize in low emissions. Politicians to get more subsidies in those areas, and promote my business practices while penalizing others.
Supply, production setup, logistics, I might throw in marketing just so they REALLY don’t have to go to anyone else. Any business who doesn’t want to worry about the dirty work will go to me. And they will listen to me..
All the things. Like others have said it’s an insane amount of money.
But realistically, after debt, setting up family, I’d probably buy a (few?) of my dream cars, along with a “project car”. Along with some secured garage somewhere. Also fix up my basement, an/or get a new house (but not into anything crazy, I don’t want a mansion). Find a good charity (or 5) and donate.
But most importantly I’d pay my damn taxes! Not gonna be one of those fucker billionaires that wants to skirt on their basic social responsibility.
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