What would you do if you won US$ 1 million in the lottery?

Answer 1

First, I'd buy a house. I wouldn't bother to get a mortgage, I'm in Philly, so I could get one for $300,000 or so and pay cash. I'm alone, so I don't need anything big. I'd plan to give $20,000 every year to charity. I'd set aside another $20,000 for a fabulous European vacation (not every year). I'd set aside another $20,000 for clothes and shoes. if you win the lottery, you might as well splurge, right? That will take me a while to spend! I'd put couple hundred thousand in a retirement account, since I'm so young that by the time I retired I'd be a millionaire again off of that alone! Then I'd get financial adviser, and invest prudently, using the interest earned to supplement whatever I make from my job. I might take a job that was more interesting that but that paid less, since I would have the extra income.

Now I have the plan, I wish I just had the money!

Answer 2

The First Thing That I Would Do Is Set Up Accounts Foe Each Of My Children, Next I would Pay Off All Of Our Debts. They My Family Would Be Next, I Have 8 Brothers And Sisters That Would Benefit From That. My Husbands Parents Would Never Have To Worry About Money Again. They Have Helped Us Out So Much And They Are Still Helping Us. With Little Or No Money Them-self, They Still Try Their Hardest To Help Us. That's What I Would Do

Answer 3

Already planned this one;

Buy a 9-seat van, Conversion van. Already have it picked out. On a GMC vehicle.

Take my family on a road-trip from Florida to California. Wife, son, wife's sister, nephew, neice, nephew's fiance.

See all the theme parks in California. Then go to San Diego and take a two week cruise to Hawaii.

Drive back to Florida and put what is left of the money in the bank, plan for next year's vacation together. Six Flags in Georgia, then Gatlinburg and Dollywood, all the other sites around, then back to Atlanta and tour busses of the city, and go home again.

Answer 4

I would buy me a new small home. Nothing large, just paid for....So no worries....Then would pay off all our bills and the kids and the families.....So there is no money worries for the whole family. I would go on a trip and fly in a plane never done that before. Then I would put the rest in the bank, and have just enough to live off sent to me each month. Would send some for charities and the church also.

Answer 5

If I won 1million in lottery I would move out of town somewhere buy me a house with a pool in the backyard. give my kids some money and sit on the rest. of course I would still be working

Answer 6

1. Ask God what to do with it
2. Do what God wanted me to do with it
3. Hire a financial planner
4. Invest, invest, invest
5. Create my daughter (and all other children) a better college fund
6. Pay off any bills left
7. Build my own home on my own land...just the way I want it
8. Help my parents, financially
9. Buy a new car, nothing fancy but reliable with good gas mileage
10. Spend a week at a spa, just me and my daughter

Answer 7

Pay off house; resolve any outstanding debt; pay for some good financial advice and management from a trusted company; buy more property and/or start a business; find a way to help the community.

Answer 8

Pay taxes on it. That's about 50%. Sucks, don't it?

I'd invest the remaining 500,000 in mutual funds that have had consistent returns above 8% for the last ten years, and hope that they keep going that way. Then I'd retire.

Answer 9

Tithe first, pay off mine and my families debt, get my house and furnish it, then put a portion in the bank to invest interest. The rest would be for misc. stuff.

Answer 10

$1M doesn't buy you much, especially in California, but the first thing I'd probably do is put a down payment on this 4 bedroom house down the street from where I live that's listed at $1.2M. 1) It's in a great location, walking distance to downtown Main Street 2) It's in a relatively upper middle-class neighborhood with great schools so I don't have to worry about appreciation issues 3) TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER TAX SHELTER!!!!!