The List: How to burn $15 million on golf

I'm not foolish enough to suggest you go out and buy a golf course to run. Considering the glut of courses closing and for sale, that would be like throwing your money away.

But here's an alternative that just might sound appealing. Why not purchase your own golf compound and live the good life with friends stopping by for an ongoing $2 nassau? Recently price-reduced to under $11 million you can rope in Wolf Point, a 1,600-acre ranch in Texas that includes an engaging golf course; a small clubhouse; a 7,200-square-foot hilltop home and a runway and hanger. You get your dream home and will be the board president and CEO of your own private club. No member votes. It's your show. Now that's livin'.

Whatever you spend your money on, have fun with it. Once you get bored, just sell it and buy another toy. That's the millionaire mindset.

How would you spend your millions? Let us know in the comments below.

Real estate is expensive these days. You could spend your $15 million in a hurry if you tried to snap up a prime spot on a well-known Top 100 course. Don't waste your time with Tom Brady's $39-million palace at The Country Club at Brookline or the 10 most expensive golf estate homes in California. You're not worthy.

You could, however, afford every home listed on realtor.com in the gated Pebble Beach community along 17-Mile Drive except one $17-million, 10-bedroom, 10-bathroom McMansion. For $3 million, you could be neighbors with Tim Tebow at the Glen Kernan Golf & Country Club in Jacksonville, Fla., according to the Gainesville Sun.

Me? I'd probably buy a nice place in northern Michigan - maybe near Traverse City or Torch Lake - for summers and another home in Santa Barbara, Calif., for winters. I could join the Montecito Club, the newly redesigned course by Jack Nicklaus in Santa Barbara, but I'd probably be just as happy playing Rancho San Marcos hidden in the hills and Sandpiper on the Pacific Ocean.

You've heard of the 14 club rule, right?

I'm not talking about what's in the bag. The one percent like to joke about the "14 club rule", meaning you can only belong to so many country clubs at one time.

Your big payday won't buy you any membership you want. Augusta National and many other old money clubs are invitation only. But I'm sure you'll have no trouble finding a great private club or two that will happily take your money. In my backyard - the Bay Area - there's lots of options, but only one right choice for me - The Cal Club, home to a great course that fits my game and a great vibe for hanging around. I'll be doing a lot of that.

No more worrying about asking your spouse for permission to go on that bucket-list golf trip you've always dreamed of. And if you friends say they can't take the time off work, dangle a can't-say-no incentive in front of them - all expenses paid. You can afford it.

I'm intrigued by spending a month somewhere, living and playing golf like a local. My dreams are to do it in Ireland one summer and Scotland the next. A month down under exploring Australia, New Zealand and Tasmania sounds almost too good to be true.

No more excuses. You've got the time (you quit your job, right?) and the money to polish up that golf game.

Now do it in style. If you want to impress the boys, go ahead and buy those PXGs and make sure to get them custom fit while you're at it.

Since you're going large, dial up a member from Tiger's old entourage. Hank? Butch? Sean? Foley, Martin Hall, Cameron McCormick (Jordan Spieth's coach), Jim McLean and others are part of Revolution Golf's high-powered team of instructors. Pick your guy and fly them in. Be the boss of your new game.