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You have one million dollars...

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Replies

  • akaporn
    akaporn Posts: 231 Member
    Give it all to my parents...
  • carld256
    carld256 Posts: 855 Member
    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
  • BlisterLamb
    BlisterLamb Posts: 396 Member
    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 Vespa
  • Finigan84
    Finigan84 Posts: 85
    Move back to Halifax
    Buy a house
    Go back to school
  • MrDude_1
    MrDude_1 Posts: 2,510 Member
    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.
  • DarlingNikki2011
    DarlingNikki2011 Posts: 287 Member
    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. :)
  • AmyFett
    AmyFett Posts: 1,607 Member
    I'd move to NC
    buy a house
    buy a car
  • musicstardust67
    musicstardust67 Posts: 299 Member
    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.
  • Bijoux_Bug
    Bijoux_Bug Posts: 36
    1) buy a house
    2) get a nice car
    3) save the rest for whenever it's needed
This discussion has been closed.

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