What would u do with 90 million dollars & why?

Question

Many ppl believe the biased stereotype that Americans don't spend omney wisely. Also, I wish I had 90 million bucks. I'd pay all my debts & loans, buy me a nice house, & trade my car in. What's left over, I'd leave to my kids & divide it evenly for their education & then save the rest.

Answer 1

After hiring a good lawyer and financial planner, the first thing I'd do would be pay off my Jeep. (I love it and wouldn't dream of getting rid of it any time soon)

Next would be buying some land and building a house. I know what I want so it would just be a matter of making sure my plans match building codes.

I would lay some money aside for my parents to retire on. Dad was self employed and is now disabled and Mom didn't work while she was raising me. I'd also like to buy each of them a car.. Dad had an old Willy's Wagon that I think he'd like to have back and Mom is a Mustang fan... Sort of a gesture of gratitude.

I'd take some college classes. Study photography and maybe philosophy, but not necessarily get a degree above Bachelors for either.

I want my own photo studio so that would come next. Lighting and props and backdrops and a couple spare cameras. Possibly a work vehicle, a hybrid SUV, something suitable for long road trips. I want to travel the states to improve my portfolio.

There would be some funds set aside for travel. And possibly a little vacation home up around the Great Lakes (Maybe the UP of Michigan) and possibly another along the ocean. When I mean little, I'm talking just enough for a family to vacation in. Nothing big or fancy, thats not me. I'd rent them out when I wasn't there to pay off the taxes and repairs so that they weren't really costing me anything to keep.

I would make some decent sized charitable contributions. (I'd love to see our community college have a better arts program so maybe some of it would go there, and I'd definately put something into Make-a-wish or something simmilar)

The rest would get split between savings and 'safe' investments.

I would not be the sort of person to take up an extravegant lifestyle. I'll admit that there are certin 'toys' I wouldn't mind having. A Classic Softail Harley, a small bass boat, and possibly a Corvette. I cant see myself completely quitting working, though I would probably not be drafting anymore and would be doing free-lance photography work instead. I haven't made a decision on whether or not I want kids, but I would make sure that there was money laid aside for their education.

Answer 2

There are many things I'd really like to do with it (travel all over including backpack across Europe). But I would feel guilty using it for myself, so I would start a business (3 options in my mind that would be successful) in the town I grew up in. This is a miserably depressed town where one of the best jobs to land is at Wal*Mart! Seriously. So, I would have a set salary for myself and would do the same for some trustworthy, in need of opportunity people in this town and have it as a profit sharing company. I would not keep the majority of profits as most owners do, I would divide it evenly among the ranks (still in a form of hierarchy as to keep leaders happy and in authority). This would give something for them to believe in and have ownership in. I really don't want to live there so I would just get things up and running for a few years and bolt. At the same time I would also start up a travel magazine company. Best of both worlds that I would get to travel and write about the trips!
I have several movie ideas and friends with scripts that I would produce (well, back the production).
The rest of the cash I would invest in a few things as well as a friend's business. If I had $25 mill left I would buy an island and create a tourist attraction. I would also put a good portion away for my daughter when she turns 31. She is a mature 2 1/2 now but 31 is a good age to be responsible to handle that $$$.
Hmmm, That is about it.

Answer 3

90 Millions (That's a lot of money!)
1. A beach house in California, overlook the Pacific Ocean (3 million.)
2. A beautiful top of the world loft in Downtown Manhattan (3 million)
3. A private Jet (5 million)
4. A yacht (2 million)
5. 2 Sports car, 1 SUV, 1 luxurious car. (1 million)
6. Investment on resident real estate (5 million)
7. Investment on commercial real estate (5 million)
8. Blue Chips Stocks investment (5 million)
9. Precious metals (Gold, Pentium...) (1 million)
10. Start a small business. (1 million)
11. Hire a very good CPA to do the tax planning. (1million)
12. Invest on a Broad Casting company (Media, Radio, Newspaper.) (5 million)
13. Give to close family (10 million)
14. Set up a charity foundation. (10 million)
15.Put the money in a tax-deferred trust account and the money market savings (Mutual Funds...)

Answer 4

we don't spend our money wise ly we either are to self amuzed by it or we want to spend it to help!!! But hey i'm from the US so i'll tell you what i would do with that much money..
1. pay off debt, and get the house and all that! one for mom too
2. get my self secure with my finances plan my retire ment and get my mom health insurence...
3. i would go buy a radio station and run it how i want it ran... the good thing about radio is i can really get involved in the community... and see and show the differnce..
then i would take the rest and double it.. then repeat!!! once you have money you can double it... i would repeat that process untill i became a free mason then.. i would find some lost gold in somee mountains on the west side of the us... buy lots of land and turn into my land where i am queen!!! with 90mill i can do this!!!

Answer 5

Half of it would go to cancer research before I spend a penny on myself. Then 1/2 of what's left over goes to my family. I'd buy a new car for myself and husband, pay for my son's college and then the rest I'd spend as needed. I am pretty content with the way I live now so I don't need much more.

Answer 6

1. pay off the house
2. put 75 million away for my 7 year old for when she turns 21 or sooner if she uses it for school.
3. I'd like to be able to do one of those 'random acts of kindness' like send a poor kid to college, or pay off a struggling family's home for them.
4.And finally, I've always wanted a canoe. Maybe a new reel,I have plenty of fishing poles, but could use a new reel.

I like my old car (99 stratus), love my home, love my job (I'd keep working, but not so much overtime). It would allow me to spend a lot more time with my wife and daughter ~ priceless.

Answer 7

a million. repay my personal loan, student loans and vehicle price. 2. Open the non-earnings I so desperately prefer to commence with a minimum of four places. 3. purchase my mom her dream domicile it is totally worth $three hundred,000 4. set up a believe fund for my niece and a pair of nephews round $a million mil a piece. 5. Take my family individuals on a visit to Grand Cayman and Brazil. 6. purchase a house with adequate rooms to sufficiently accommodate my on the spot kin. Approx: 8 beds/8.5 bath with pool and three vehicle storage. 7. purchase an Aston Martin and a Yukon Denali 8. end my modern-day degree and proceed my coaching to acquire my Ph.D. 9. economic business organization the version and stay totally off the interest.

Answer 8

I would pay off debts and buy a house ( I don't need a big fancy one). I would get my husband and I new vehicles. I would hook up family members and set up trust funds for nephews and niece. I would give millions to Children's Hospital of Atlanta. There are lots of very sick children there. Of course I would want to travel and have nice things, but I would give away alot.

Answer 9

First I would buy a house, then I would buy a new van for me and a new truck for my hubby. Then I would buy my mom a new house. I would also buy my kids some new stuff. I would love to take my kids to some amazing places in the world! I would donate some money to charities too! I would love to do some good for some causes that I believe in!!

Answer 10

Invest long term in stocks and buy bonds. Then use the interest to buy nice house, car, and travel. Then at least you will still have most of the money you started with and your toys.

Answer 11

I would donate $60 million to a charity. I'd give my family some and then keep the balance about $15 million ofr myself.