2006-06-30 05:18:37 · 12 answers · asked by rose_bud_93 1 in Business & Finance ➔ Investing
i'd pay off my debts and house first.
next, i'd set money aside for my son to further his education after high school as he chooses.
i'd make some minor fix-up/repairs to my house...
i'd quit my job and take my sweet time trying to find another.
yes, i'd invest about half of the million. BUT, i'd have fun with the rest...
2006-06-30 05:23:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
How would I spend 1 Billion dollars? I'd keep 100,000,000 million for myself and family, and the rest I'd used to set up a charitable foundation to solve a problem or problems that effect far more people than the popular charities like AIDS. I mean heart disease kills like a 100 times more people every year than AIDS. Shouldn't a charity to cure heart disease get 100 times the funding?
There is a philosophy called micro-lending or micro-credit, where impoverished people are given small loans, usually just a couple of hundred dollars, to invest in some livestock or small machinery, and use that to greatly improve their economic condition. These small programs are helping to lift thousands out of abject poverty in Africa, South America and parts of Asia.
Probably a significant part of my charity would be involved in that, because people that can participate in the capitalist system can help themselves out of poverty, and as most loans are repaid, the charity can be self-sustaining by continuing to give out loans over and over again.
Perhaps another goal would be to find a way to encourage good governance in impoverished nations, as corrupt governments are probably the single greatest cause of continuing poverty and famine in the poorest of nations.
2006-06-30 13:36:42 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
wellll after the government raped me of the 30% they take.. i would put $300,000 away for my goddaughters education. I would pay off my car loan and buy a good piece of land down south-- somewhere around 20 acres and then i'd build a custom home on it. I would start a business with whatever $ it takes.. I'd give to family members and my best friend who need it-- theeen i'm save the rest-- put good amounts into a cd or a savings account with a high interest rate... yep yep
2006-06-30 12:25:13 · answer #3 · answered by Tiny 2 · 0⤊ 0⤋
I would buy a ranch along with the capital improvements needed to make it a quality operation. I would invest most of the rest in the stock market as well as several other investments. I would enjoy all of it for a few years, then give it to an appropriate foundation as a gift.
2006-07-01 23:23:44 · answer #4 · answered by GC 1 · 0⤊ 0⤋
Im not sure I would be able to spend it all. I would never work again. my family would never see financial difficulties again. I would own a beautifull home. drive a badass car. travel everywhere do everything fun. skiing skydiving gondola rides in vinice itally. and Id still have close to a billion dollars to change the world for the better.
2006-06-30 12:25:20 · answer #5 · answered by thmslln3 2 · 0⤊ 0⤋
First I would pay off any and all debt that I have...~rent, bills, car, that sort of thing...Then I would buy a house so that I have my stability....Then I would take care of my family making sure they have everything they needed and all their bills would be taken care of....Put money in a trust fund for my daughter....Go on a road trip around the world and I would start up my own business...An affordable 24hour childcare for single mothers like myself who work different hours.
2006-06-30 14:29:53 · answer #6 · answered by BbyGrl80 4 · 0⤊ 0⤋
Pay off all debt that is over 7% interst.
Take 1 hell of a vacation.
Invest the remainder in an agressive yet diversified portfolio that pays a steady income.
2006-06-30 12:27:25 · answer #7 · answered by SHOOTER586 3 · 0⤊ 0⤋
You typed in one billion dollars. I'm not sure if I could spend that in a lifetime. I would invest some for future generations and give a lot away to charities.
2006-06-30 12:26:44 · answer #8 · answered by bookworm mama 2 · 0⤊ 0⤋
I would go to France where the young Muslims have been rioting and loan them the money as venture capital or as mezzanine financing for others, or as small business loans to turn their community around. I would use it for profit, but also for social good. They just need capital.
Also, I would create public works in India for profit.
2006-06-30 14:01:03 · answer #9 · answered by OPM 7 · 0⤊ 0⤋
I'd save and invest most of it, but I'd also pay off my student loans and go back to school and get my '75 Caddie in cherry condition.
2006-06-30 12:22:26 · answer #10 · answered by darthbouncy 4 · 0⤊ 0⤋