2006-09-16 04:46:59 · 18 answers · asked by Anonymous in Business & Finance ➔ Investing
give a portion to church a portion to charity and some for me
2006-09-16 05:05:17 · answer #1 · answered by blank 5 · 1⤊ 1⤋
If I had that 1 million dollars, I would give a part of it to charity, yes, and save the rest of it at the bank or invest in something I can look back when I grow old. Spend on myself but not with unimportant, useless things. My spending would be those that are necessary, desired and enjoyed...with myself or with people I love most.
2006-09-16 05:00:25 · answer #2 · answered by wildflower 1 · 0⤊ 0⤋
What a great question because i think almost everybody thinks about hitting it big. I personally would clear myself of all debt,secure a retirement, then whatever was left a portion would go to a charity that i thought would benifit the most people! Peoples scepticism of charities grows and their trust lessons when we see things such as those that falsely tried to collect after 9/11. The severe incometance of the Red Cross as well as other orginizations after Hurricane Katrina. I think a majority of us are pretty self serving myself included. We live in a selfish society and it takes sometimes being humbled for us to see what is important.
2006-09-16 05:15:22 · answer #3 · answered by big dog 1 · 0⤊ 0⤋
I don't know about charity, because you never know where the money is really going. Being a teacher, I would probably donate it to the school or just buy computers and supplies myself then take it to the school. The rest of the money I would spend on my family. One million dollars doesn't really go as far as it used to.
2006-09-16 04:56:08 · answer #4 · answered by nikki_butterfly777 2 · 0⤊ 0⤋
Do I have to spend it all? That is a lot of money to try to spend. If I had to spend it all, I would spend it on myself. Then I would sell some of what I bought and give to charity and use the rest to support myself. If I did not have to spend it all, then I would give some to charity and the rest would be spent or invested.
2006-09-16 05:25:51 · answer #5 · answered by Jack 7 · 0⤊ 0⤋
Neither,...invest it...and do both afterward.
Giving any of the $$$ to chariety outright...is not very smart.
Fact is, by investing 1st before u do anything, allows u to give much more or to spend much more (whatever u wish).
Invest all - never just hand it over..
Think about it... 6% of $1million = $60000
u could give half of that $$$ for the rest of your life.
I am 48, my family lives typlically till around 98 of age.
that means 50 years.
50 * 60,000/2 = $1.5 million
To give it outright is greedy. If u invest it and then spend half on chareity, both u and the chariety beenfit.
2006-09-16 10:45:49 · answer #6 · answered by pcreamer2000 5 · 0⤊ 0⤋
Give half to charity, save the rest. Maybe invest.
2006-09-16 04:48:56 · answer #7 · answered by Emi 3 · 0⤊ 0⤋
I would currently invest it in high yield stocks that I see should see some growth currently like VGR http://finance.yahoo.com/q?d=t&s=VGR (which I currently have a position in) and I would give some of my income from the dividend (which is currently at an annualized 8.9% yield - or a annual payment of $89,000) to charity.
2006-09-16 07:36:59 · answer #8 · answered by Anonymous · 0⤊ 0⤋
both some for you in what you need and some for charity both will need cashso give to both like some you may need for college or a house or to start a buisness and the poor people need it to so dont waste it you my even need it on clothes that fit right
2006-09-16 05:05:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
i will give some to charity and rest spend on myself
2006-09-16 04:54:44 · answer #10 · answered by nikky 2 · 0⤊ 0⤋
about 5% would go to charity which is about 5% more than most people i know!
2006-09-16 04:56:58 · answer #11 · answered by Anonymous · 0⤊ 0⤋