2006-08-18 06:41:55 · 24 answers · asked by jjimenez93 1 in Business & Finance ➔ Personal Finance
Make sure my kids have a great big college fund, pay off debt and buy a bigger house!
2006-08-18 06:48:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
first i would go to Jim Kramer, the crazy investor guy on "mad money" the guy knows the stock market better than anyone else. id invest a quarter million in stocks, and keep using all the money from those invenstements to invest more and more untill i get a good 100 million. id use another half mil from the original money to buy a nice apartment id live in that untill my investments reach 100 mil. then id use the last quarter mil from the original to give to family, friends, and charity. once my investments reach 100 mil. id buy a huge house, fill it up with nice things, get a cool car or two. id spend abotu 50 mil on all that. then id use the other 50 mil to start my own buissness, because right now im working for someone else. i think thats a good plan. i wont spend it all too fast.
2006-08-18 06:53:07 · answer #2 · answered by shooda487 3 · 0⤊ 0⤋
A million doesn't stretch as far as it use too. So, I would invest half of it, live off the other half while the investment makes another million or more. And, I would help my children in any way that I can.
2006-08-18 06:51:29 · answer #3 · answered by Vida 6 · 0⤊ 0⤋
Buy: new car, new house, new computer (a mac), new laptop (another mac), new tv, speakers for my ipod, a digital camera, a xbox 360 and other new consoles, cell phone, clothes, books, etc.
I'd also share some with my family and invest another part in order to keep having a lot of money. And I may open a shop or a company or something like that.
2006-08-18 06:51:27 · answer #4 · answered by simfr21 2 · 0⤊ 0⤋
First things first....
1.) I would give 10% to my church, leaving me $900K.
2.) I would pay off all our debt, including house and cars, so that would leave me $820K.
3.) I would sell my current car and buy a Hyundai Santa Fe, fully loaded, so that would give me $800K.
4.) Fix up and landscape our house now and sell it, leaving $750K
5.) Build the house of our dreams, leaving $500K
6.) Use money to pay off business debt and use the bulk of the remainder for business, leaving $200K.
7.) Last of the money I would try to invest or do something with to start earning a return on it somehow
2006-08-18 10:00:32 · answer #5 · answered by TxCatLuvr 3 · 0⤊ 0⤋
Put it in the bank and live on the interest :-)
Yep, I think I have had enough of this 8-5 life
But hey, the million dollars is farrrrrrr away!!!
:-)
2006-08-18 06:48:33 · answer #6 · answered by Bubbly 2 · 0⤊ 0⤋
Invest it and make another million. Live off the interest and own my time.
2006-08-18 06:47:13 · answer #7 · answered by Whetherman 2 · 0⤊ 0⤋
First I would pay my tithes at 10% and then I would travel with my mom, add to my sons college savings, Invest some, totally goof off (some) and probably bank the rest.
2006-08-18 06:50:16 · answer #8 · answered by Shikibeeks 3 · 0⤊ 1⤋
Pay off debt for my family and I. Give the left over to my friends.
2006-08-18 06:58:50 · answer #9 · answered by angel2005_2001 5 · 0⤊ 0⤋
buy a gravel screening plant, file minning permit on family owned farm get all eqipement needed to mine gravel,branch off into some concrete forms for making imatation rock.landscaping blocks & materials
2006-08-18 06:50:34 · answer #10 · answered by nobleminer 1 · 0⤊ 0⤋