2006-07-22 21:44:47 · 16 answers · asked by Anonymous in Social Science ➔ Other - Social Science
Invest it and live off the interest.
2006-07-22 21:48:17 · answer #1 · answered by monkey 5 · 0⤊ 0⤋
I would set up a trust fund in two parts. Half to invest and live off and half into a trust that is to make donations to all the charities and causes I like but can't afford to fund yet.
I'd love to be able to give away small sums of money to people to help boost them up.$300 to a thousand at a time.
My charity that funds this would give a few dozen scholarships and 3 to 10 thousand dollar gifts to people
actually I would put just 2 million for my family to live on. (That's enough to fund our retirement) and 3M to fund the charitable trust.
I think giving away the surplus to as many different people as I can would be the greatest way to use it.
I would avoid becoming flashy but would probably buy some nicer clothes and replace my old car with a new fuel efficient one.
And my kids would probably expect me to give them some too.
2006-07-23 04:58:24 · answer #2 · answered by surfnsfree 5 · 0⤊ 0⤋
Help friends & families with financial problems, buy a house (or 2), buy gifts for family & friends, save & invest about half of what is left and give the rest to charities and my church/churches in my area.
2006-07-23 04:49:38 · answer #3 · answered by y2chilly 2 · 0⤊ 0⤋
Tell my husband to quit his job. Hire a financial advisor, lawyer and insurance agent. Pay the taxes, pay off bills, and then buy a multi unit income property and if there's any left invest it.
2006-07-23 05:10:48 · answer #4 · answered by auntyalias 4 · 0⤊ 0⤋
I would promptly pay off my credit cards, buy a hybrid car (nothing fancy), buy a house (nothing fancy), buy houses for my parents and siblings (nothing fancy for them), pay off their debts as well, travel the world, and use the remainder to start a powerful non-profit organization that would serve to solve all the world's problems and uplift humanity! Not bad for 5 mil eh?
2006-07-23 05:13:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Well, I know the Government and IRS would take most of it, you know this nasty thing called TAXES. But, seriously, I'd pay off all mine and my parents bills and buy a lot of land, either with two houses already on it or build houses for us on the land. But, the land would be divided, on my parents side for my dad he'd have a shop with all his tools, and my son would have plenty of room for his dirtbike & 4-wheeler. The other side would be mine, and would be me and my daughters horse ranch.
2006-07-23 04:54:58 · answer #6 · answered by creeklops 5 · 0⤊ 0⤋
I'd use a bit of it to pay off all my debts, then probably keep it invested to provide a steady stream of income. I like the accounting biz, so I wouldn't completely retire. I'd probably switch to working for a non-profit; those places pay crap, but you leave work feeling like you've done something important.
2006-07-23 04:51:47 · answer #7 · answered by Rondo 3 · 0⤊ 0⤋
#1 tell my husband to leave s. korea and come home to his family
#2 pay bills
#3 pay our parent's house
#4 invest
#5 move away from this crap town in this crap state
#6 invest
#7 save
2006-07-23 04:51:02 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Keep it invested, as it was when I inherited it. That's happened to me before. Not a big deal really. I let my financial advisor handle it.
2006-07-23 04:47:57 · answer #9 · answered by cyanne2ak 7 · 0⤊ 0⤋
i donate half of it to charity. i invest 1 million. the rest i spend
2006-07-23 04:49:47 · answer #10 · answered by rizwano 7 · 0⤊ 0⤋