If you got £1million ($1.5m) what would you do - really

kendunn579

What's first?
Holiday, house, fun?

Gallowmere1984

I would be doing the exact same thing I am doing right now. Randomly responding to posts on here, while reading a book.

FitBeto

Buy MFP and ban all the meanies

sissiluv

My family has been planning building some sort of compound should anyone of us win the lottery, so after paying off my student loans I think I'd invest in that.

Iron_Duchess

1. Invest!
2. Start a business
3. Set some to help others

mcshoelovin22

Take vacation and clear my head to really come up with a great plan to do something with the money.



But in reality i'd party like a mf, buy a nice but small home and a nice car, something old but classic and pay bills.

kendunn579

Take vacation and clear my head to really come up with a great plan to do something with the money.



But in reality i'd party like a mf, buy a nice but small home and a nice car, something old but classic and pay bills.

All of the above I reckon

Nessiechickie

500k to my parents
100k to my b/f parents
200k donate to SPCA
200k to my boyfriend
that leaves 500k i think and i would put that in a bank and get big interest.
Continue what I'm doing.. working (maybe switch jobs)and going to school.
Buy a place with my b/f

diodelcibo

Add it to my other pile of money.

kzcortes

In all honesty -
pay off my credit card debt
pay off my $11,000 in student loans
then put 25% of the remainder in savings
25% in my bank account
25% in my TD Ameritrade account

...and spend the rest of the 25% in Vegas

cazzer69

500k on coke and hookers, I'd waste the rest.


Seriously, pay my debts off, and the mortgage.
Finish my Plymouth, then whatever SWMBO wants to do with the rest.

devilwhiterose

Take a really nice vacation. Blow up my mini-van and buy a cool family car...if there really is such a thing...

Move my dad, buy some new furniture.... Take another vacation...

rushikareddy

Buy a pretty great house! And take a long vacation around the world with the rest!

kendunn579

I think lease a big house somewhere fantastic and invite everyone for a food and wine weekend! :happy:

The downside would be the walking to burn it all off. :ohwell: :ohwell:

And dancing and party every evening for a month....

Timshel_

Invest. Only thing I am stil paying on in my house. I own everything else. Just beefing up the retirement would be cool. Might retire in 5 years instead of 12.

clydethecat

if tax free,
pay off debt
pay off my parents home
buy into their business
buy small home
buy hubs the new challenger
invest the rest

figure $250k to invest.

if this is not tax free, then
pay off debt, buy small home, invest the rest.

(maybe buy an old blazer as an off road vehicle)

oregonzoo

A house, furnish house.
Put the rest away.

sunsnstatheart

Keep doing what I'm doing. I'd just invest the money.

WhoTheHellIsBen

start a restaraunt that sells these

hot dogs + sharp cheddar + lean hamburg + Thick cut hickory bacon + Sweet Baby rays bbq sauce + TURTLE BURGERS!



made mac n cheese with bacon bits stuffed jalapeno meatloaf wrapped in apple cider cured BACON!! It...was...epic!!!!

iLoveMyPitbull1225

go see the world

concordancia

Half to buy this and trick it out: http://www.bavaria-yachtbau.com/en/sailing-yachts/vision-42.html

The other half invested to live on the interest.

Which amounts to what the previous poster said: go see the world.

kendunn579

start a restaraunt that sells these

hot dogs + sharp cheddar + lean hamburg + Thick cut hickory bacon + Sweet Baby rays bbq sauce + TURTLE BURGERS!



made mac n cheese with bacon bits stuffed jalapeno meatloaf wrapped in apple cider cured BACON!! It...was...epic!!!!

That looks awesome :drinker:

meredith1123

I'll be serious to avoid getting a strike.

in order:

1. mortgage and current vehicle paid off.
2. money set aside for my moms retirement so she can live happier, including the pay off of her current vehicle.
3. investments in property and inheritance for my children when I die.
4. College fund set up for my son (my daughter already has one).
5. Money given to my dad for him to travel and come see me with out having to dig from his retirement.
6. Vacation.

And no, i wont be giving any to my family other than my mom and dad. The rest can be treated to dinner out some where, dammit!!! 1.5 million dollars is not a whole heck of a lot but It would be a life saver for me right now.

dmpizza

Its sad, but it doesn't go very far.

Step 1
Pay half of it in taxes.

Step 2
The remaining money would go to pay of mortgage, boost IRA and take one reasonably nice vacation( 2 weeks Europe, etc...)

Step 3
I suppose I would have to get my wife something nice too, like a watch or something.

.

JUDDDing

1. Pay off the house.
2. Set aside money for the kids to go to college.
3. Show up for work tomorrow.

btwalsh132

Secure college funds for the kids, pay off house. Then figure out how to take some of the rest and make a positive impact on as many local families as possible.

kendunn579

Good to see so many people would share it...
Not sure I wouldn't just take it to Vegas...

MyChocolateDiet

Sports cars for me and hubby.
One house for son.
College fund for each kid.

The rest on shoes.

Okapi42

I'd take a vacation somewhere really cool - probably horse trekking in Iceland.

Then I'd give some to my family, and use the rest to support myself so I can afford to work unpaid for a while to get into the job/career I really want, rather than stick with what gives me income.

Tiggerrick

I'd invest all of it and move somewhere where I am not taxed on income. Even at a conservative 4% ROR, I could live on $60k/year, but I think I would want to work a little for some fun money.

The USA taxes the life out of you, so If I chose to stay here, I'd invest a large portion in a MULTI-UNIT rental property (1.5mil would probably get me the down payment) and live in one of the units. That would allow income to pay the loan, and money to live on.

What I WOULDN'T do is put it in a savings account. Even the most 'generous' savings account is at about 1%. They can kiss my butt. I WOULDN'T pay MY house off (it would become a rental and it can pay itself off). I wouldn't give any of it to my family (may as well spend it on hookers and blow).

What would MOST LIKELY happen because 1.5mil is not much: Part of it would go to an Index Life policy with a LTC rider to protect it from additional taxes. Part of it into an annuity for a few years, and I would continue working for a bit. When I can comfortably withdraw the interests without touching the principal, I'd STILL keep working... cause I love what I do - I'd just drive a nicer car.

louisel809

I'd probably end up dead. Way too much overindulgence on everything humanly possible.