What would you do if you had a million dollars?

[dullard]

<< We'll I'd buy you a house >>



Be very careful with the house purchase. Far too often people who win the lottery or get some other huge one-time payment go bankrupt. Why? Since they bought a huge house. Once you spend your money who is going to pay the yearly property tax and the huge heating/cooling bills that a million dollar house brings with it?

 

[tweakmm]

<<

<< We'll I'd buy you a house >>


Be very careful with the house purchase. Far too often people who win the lottery or get some other huge one-time payment go bankrupt. Why? Since they bought a huge house. Once you spend your money who is going to pay the yearly property tax and the huge heating/cooling bills that a million dollar house brings with it? >>


some obviously didn't read the rest of the post....

 

[wyvrn]

<< Put in in the bank and live off the interest >>



You would get about $25,000 a year in interest. Not too bad, but not living like a king either. Plus inflation would erode the value of the million that it would eventually be worth pennies on the dollar. I would invest 40% in bonds or some other "safe" investment, then 60% in other higher yielding investments and try to beat inflation while living off a portion of the interest proceeds. Take the left over interest proceeds and put them back into the investments.












Well, you asked

 

[TheBlondOne]

I would pay off school loans, pay off my parents' house, put $ away for my little sister's college and my grad school, buy a car, and save the rest.

--Sarah

 

[Forever42]

<< With really expensive ketchups! >>




That's right, all the fanciest...dijon ketchup! Mmmm!

 

[Rent]

Pay off my credit card + other small debts, then rebuild and restore a 280z with a JTR chevy swap, and SAVE THE REST

 

[Optimus]

I'd buy you a green dress


...but not a real green dress -that's cruel.

 

[jbahseng]

Burn it, money is evil.

 

[Illusio]

<<

<<

<< Probably buy a k-car.
*hopefully someone will get it* >>


and we can hang out in my tree house eating little prewrapped sausages from my fridge >>



Then we can go to the Briant Street Theatre.
Have a fruit roll up. >>



Aren't you gonna eat it?

Aww for Christ Sake...

 

[gogeeta13]

<<

<< Put in in the bank and live off the interest >>



You would get about $25,000 a year in interest. Not too bad, but not living like a king either. Plus inflation would erode the value of the million that it would eventually be worth pennies on the dollar. I would invest 40% in bonds or some other "safe" investment, then 60% in other higher yielding investments and try to beat inflation while living off a portion of the interest proceeds. Take the left over interest proceeds and put them back into the investments.














Well, you asked >>



Hmm, let me refrase. I would spread it among 10 banks(because FDIC is only for up to 100k). I would place 500k of it in CDs earning 5-6% and then 400k in a savings account. Then probably 100k would go into either savings bonds or maybe some bluechip stocks. I would maintaint my current life style and use the extra money for nice vacations and some other material toys.

 

[yakko]

<< Nothing. But then again, you don't need a million dollars to do nothing. Take a look at my sister, she's broke, don't do sh*t. >>



Peter Gibbons: What would you do if you had a million dollars?
Lawrence: I'll tell you what I'd do, man, two chicks at the same time, man.
Peter Gibbons: That's it? If you had a million dollars, you'd do two chicks at the same time?
Lawrence: Damn straight. I always wanted to do that, man. And I think if I had a million dollars I could hook that up, cause chicks dig a dude with money.
Peter Gibbons: Well, not all chicks.
Lawrence: Well the kind of chicks that'd double up on me do.
Peter Gibbons: Good point.
Lawrence: What about you, what would you do?
Peter Gibbons: Besides two chicks at the same time?
Lawrence: Well yeah.
Peter Gibbons: Nothing.
Lawrence: Nothing, huh?
Peter Gibbons: I'd relax, sit on my ass all day, I would do nothing.
Lawrence: Well you don't need a million dollars to do nothing, man. Just take a look at my cousin, he's broke, don't do sh!t.

 

[Atlantean]

I would invest it, and work while it made me money so that I could retire before I turned 40.

 

[eyecandy]

Pay for school- hey, right now I'd even take $50, that's how broke I am! I've gotta wait a few paychecks before I can buy books.

 

[dionx]

$100,000 car for myself
$400,000 car for my gf and our families
$100,000 miscellaneous spending
$100,000 investing
$300,000 down payment on $500,000+ home... will use profits from invested money or from job to pay it off in time

 

[Chubbz]

buy a million tacos

 

[tcsenter]

"Turning $100 into $1000 is hard work. Turning $1 million into $10 million is inevitable (unless you're a total idiot)" - some author I forget

 

[veryape]

I'd put half into totally safe investments, about 40% into fairly edgy, high payoff investments and hope to make a nice profit and with the other 10% i'd buy a nice car and some other nice stuff, maybe a downpayment on a house.

 

[d1abolic]

Would probably get myself a BMW for 30k or so and use another 170 for a downpayment on a condo. The 800 would be used for investing and businesses.

 

[ShawnReeves]

Add it to the other million I have.

 

[rc5]

Break that to 1 dollar bils and burn them one by one to keep warm in winter.