If you have any sense at all....be VERY careful not to go nuts....studies show that most people who win large sums of money, end up broke within five years! Spend a little.....save a little, share a little...invest alot! Nowadays...1 MIL doesn't go as far as you may think! ENJOY!!!!!!
2006-06-23 20:15:37
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answer #1
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answered by Pie's_Guy 6
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Pay off any outstanding debt you have, then, set up a series of bank accounts. Since each account is only insured up to $100k, you should set up savings accounts with that amount in each. Have the bank divert the INTEREST ONLY into a checking account that you spend from. If you are getting $1 million after taxes, then set up 10 savings accounts that all send their interest earnings into one checking account. If you can discipline yourself to do this, then you will have around $40k+ to spend a year without ever touching the balance. If you continue to work and earn other income, you can live a stress free life until you feel you have the house, car, clothes, education, etc., that you will retire with. Then, you can e-mail me to thank me for making your $1 million go so far!!!
2006-06-23 20:21:21
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answer #2
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answered by dhills23 3
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just keep the money somewhere safe..then live the life you did while you take your time to decide what to do next, sometime is best just to forget about it for some time and cool your head down...many people only know how to spend a million dollars in a very short time instead of doing good with these money.
2006-06-23 20:15:20
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answer #3
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answered by Twin Screw 2
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First I would pay 10% to my church,then pay off those pesky high interest credit cards, Pay off mortgage, or buy a new house, Put 20 % in stocks.Take 10% to see the world. The remaining 20 % put in money market account , the untold 40 % goes to uncle Sam I Hope this helps.
2006-06-29 08:26:08
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answer #4
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answered by Dave. F 2
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Congratulations. I have always wanted to be a millionaire. If my dream bears fruit, I would basically like to sit in the good seats at any association football (I am British) matches I attend.
There's some things I want in life that I could easily get if I drop my stinginess, and if I became a millionaire I might indeed drop my stinginess.
2006-06-23 20:20:43
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answer #5
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answered by Anonymous
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A million baked potatoes from Wendy's.
2006-06-23 20:10:19
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answer #6
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answered by Dave R 6
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Buy a nice house, then invest the money I guess. Talk to an accountant or something so you won't lose a lot to taxes.
2006-06-23 20:10:42
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answer #7
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answered by corner of the morning 2
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1 cruiser missile- its exactly 1 million a piece
2006-06-23 20:14:35
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answer #8
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answered by Pie Man 5
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You should donate it to the Trickster Foundation. My fellow Trickster and I will be running the world someday, so we'll need as much money as possible. Actually, everyone should just turn over all their money to us.
2006-06-23 20:20:40
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answer #9
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answered by Anonymous
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travel around the world and buy everything you want in every country..buy an island somewhere in south east asia...buy houses and lease them for more money...if you still cannot decide of what to spend on, sedn them to me..i'm didn't mean the last part..
2006-06-23 20:18:42
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answer #10
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answered by golituk 3
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