2006-08-03 17:32:15 · 6 answers · asked by blondie 2 in Business & Finance ➔ Personal Finance
i would use the money to pay on my bills, and to add rooms on to my house for my kids, and also get an savings account started for my 3 kids. they are very important to me. and so is my husband.
2006-08-03 17:41:36 · answer #1 · answered by kawboys1 2 · 1⤊ 0⤋
Well, after the IRS and state taxes chew up most of that million, I guess I'd invest the rest in land, stocks etc.
2006-08-04 02:16:46 · answer #2 · answered by echo 7 · 0⤊ 0⤋
First, protect myself and my family with any needed insurance (life, disability income, long-term care, P&C, umbrella, etc.) - $1M doesn't go as far as most think and insurance is the intelligent way to risk-share with a large pool of others.
Once I had CYA, then ensure my retirement is heavily funded (no way to retire on $1M unless you want to live on $40k/year) and my kid's college fund is fully funded.
Of course, I'd take 5-10% of it for fun things too - trips with family, electronic gadgets, and services for the things I hate to do (yard work, maid service, etc.)
2006-08-04 18:56:28 · answer #3 · answered by SmartGuyinTexas 1 · 0⤊ 0⤋
What a great fantasy...I'd buy a home on both coasts. Have a chauffer as needed,housekeeper,gardener,cook,couple of adopted kids to raise as family and invest the money to work for me..the kids would help me enjoy the money...
2006-08-04 00:43:53 · answer #4 · answered by goldengirl 4 · 0⤊ 0⤋
Take a nice vacation, bank the rest any move my retirement date up a bit.
2006-08-04 01:17:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Cash flow,Cash flow,Cash flow,I will buy two investment home with no mortgage and rent it out for income, than use this income to do what you want it to do.but buy home at huge population city and best school area.
2006-08-04 00:56:36 · answer #6 · answered by Anonymous · 0⤊ 1⤋