You have one million dollars...
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Replies
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Give it all to my parents...0
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One thing I wouldn't do is turn it all into gold and try to swim in it.
http://www.youtube.com/watch?v=tMyk7MXsseg
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1. Pay off all debts for us, my sister and her family and my parents
2. Buy a Stand Up Paddle board
3. Buy a Vespa0 -
Move back to Halifax
Buy a house
Go back to school0 -
Only one million?
Sadly, that is not enough money to retire on so;
1: Pay off my house. (that leaves me with with about 850K left).
2: Purchase a brand new Full size cargo van and equip it with all kinds of tools. (Now I have about 800K left.
3: start purchasing forclosed and short sale houses and flipping them. (I should be able to do this for about 5 years, building up wealth. (I should be at around 2 Mil in the bank now.
4: Purchase a block of town houses and start renting them.
Now I have recurring revenue with minimal risk and I can now go away and retire with a continual source of income.
similar here...
Then, with a continual source of income I would go enjoy some of the other things people here are talking about.
most people here are great examples of how someone can go broke after being given such a huge amount of money.0 -
Only one million?
Sadly, that is not enough money to retire on so;
1: Pay off my house. (that leaves me with with about 850K left).
2: Purchase a brand new Full size cargo van and equip it with all kinds of tools. (Now I have about 800K left.
3: start purchasing forclosed and short sale houses and flipping them. (I should be able to do this for about 5 years, building up wealth. (I should be at around 2 Mil in the bank now.
4: Purchase a block of town houses and start renting them.
Now I have recurring revenue with minimal risk and I can now go away and retire with a continual source of income.
Pretty close to what I was thinking. Except for house it would be student loans. Instead of van it's be a pretty nice car. And with the additional revenue I'll have some later to put aside for kids college funds.0 -
I'd move to NC
buy a house
buy a car0 -
1. Save the money for college
2. buy a mansion probably (equipped with a hot tob, a chef....etc etc...
3. give a lot of it to my dad.0 -
1) buy a house
2) get a nice car
3) save the rest for whenever it's needed0
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