Would you help the poor or help a fellow family member or friend? Would you buy a new house or a Luxury Car?
2006-10-08 11:57:02 · 35 answers · asked by AUCT!ON 4 in Business & Finance ➔ Personal Finance
Oddly, a million bucks isn't really worth much.
You definately cannot quit your job for it.
I guess I'd simply place in mutual funds and have earn interest to supplement my current income...
It's free money making more money for ya!
2006-10-08 11:58:18 · answer #1 · answered by The Mac 5 · 1⤊ 0⤋
First i would hit the stores and buy new clothes, get my hair done, get a manicure and pedicure, then buy a ummmmm a really pretty red car to go w/ my long blonde hair (convertable flows beautiful that way) then when it comes time to buy my new house the snobby realestate in the snobby neighborhood will not think twice about helping me and hook me up, and same goes for shopping at ethan allen when i ask the HELPERS to come and decorate and deliver MY STUFF! (station waggon didn't help lol) to MY new house.Then i call in the pool boy (spedos only) he lives in the guest house 3/4 of an acre away not far enough that he can't here me scream (oh pool boy)! should i go on? cause this money is running out! grrrrrrrrrrrrrrrrrrrrrrrr! Anyway like i was saying, Now the house is a mess from the party the night before and the party before and the one big party the night before! NEED TO HIRE HOUSEKEEPER.......to clean up after my fat chef, he make a mean roast! How much more do i have to spend? Damn! forgot to pay my taxes BANKRUPT! fun while it lasted I would give all my money to children with cancer. Lasts a life time!
2006-10-08 14:08:40 · answer #2 · answered by sillywabbit 1 · 1⤊ 0⤋
I would buy my dream house, buy a new vehicle for travel purposes then pay off all my debts. Once I invest at least 40%, I would take the rest and help my family members when their needs, not their wants. I expect outsiders to pop up but without sufficient proof they will still be broke. I would like to make large donations in lower income schools. After all of this, I will return back to work. I'm serious. Everyone thinks I'm crazy but a million dollars is not that much money but it can take you a long way if you won't see a million dollars for years to come.
2006-10-08 12:39:38 · answer #3 · answered by Ms. Essential 2 · 1⤊ 0⤋
I'd invest the money, and reap the returns and dividends. I'd put roughly half of the returns back, as principal, to counter any inflation.
I'd use this extra income to pay my current mortgage off, then I'd look at upgrading to a newer, bigger house with more property. It'd take a few years, but I'm patient.
I'm saying now, and I really hope, that a windfall like this wouldn't change me much. Really, once I bought a new house and maybe a new car for my wife (I'm content to drive my old one, I've grown too attached to it), I'd probably end up giving most of the rest away.
My church, local charities, and organizations near and dear to my heart would be the most likely recipients. I'd probably also try to pay off the mortgages of some family and friends: my mother-in-law, one of my aunt's, and my Mom's best friend.
2006-10-08 12:10:29 · answer #4 · answered by Engineer Budgie 3 · 1⤊ 0⤋
I have been helping the poor for a long time. Now I would like to help myself! Pay taxes, and immediately proceed to buy a new house for myself, and thank God,for helping me winn the Million DOLLARS >Then I would furnish it to my taste, and then decide who I would invite to stay with me from my family members! Wouldn't that be nice, even the thought about it feels great. Good question,thanks for asking !
2006-10-08 13:32:03 · answer #5 · answered by pooterilgatto 7 · 1⤊ 0⤋
I would buy a huge house and a brand new cadillac SUV then invest some of the money then help the poor people IF I had a million $$
2006-10-08 12:00:27 · answer #6 · answered by ~Alan~ 2 · 1⤊ 0⤋
My parents have helped me out a lot through periods of unemployment etc and I would definitely help them out.
My dad ripped out his kitchen but now doesn't have the money to put in a new one so he's living in a yucky kitchen so that would certainly be first on my agenda.
I'd buy my mum some counseling. Enough said.
I'd invest some money for my brother and 2 sisters so they couldn't touch it until they were 21.
I'd pay my car off and buy a little cottage to live in and be happy.
You can tell I've thought about this can't you!?
I know money can't buy happiness but it makes things one hell of a lot easier!
2006-10-08 12:04:22 · answer #7 · answered by Anonymous · 2⤊ 0⤋
Practically, I will secure myself and my family"s future by getting a new house in a peacefull community. Invest some of the money in profitable businesses (ie. Security and Protective Agency and Allied Services). employing self supporting college students and paying their tuiteion fees by salary dedcutions. To establish an educational foundation for the less fortunate to give them the chance to have a better and bright future.
2006-10-08 13:10:48 · answer #8 · answered by Sam X9 5 · 1⤊ 0⤋
1/10th would be used to get out of debt. Then I would invest the rest and use the profits to help with low income housing.
Most people that would help others don't think about investing the money just giving. Investing would help more people and for a longer time.
2006-10-08 12:02:23 · answer #9 · answered by my_iq_135 5 · 2⤊ 0⤋
I would pay off my house loan and my rental property loans. I would build another rental property because I have a lot with nothing on it and rent it out to the elderly or disabled. Then I would look into local programs that need financial help that help children and then I would help my daughter open a no kill shelter in this area because we really need one. I might take a weeks vacation to someplace warm with the ocean nearby and take my wonderful husband and sister with me because we have hade a rough couple of years.
2006-10-08 13:49:22 · answer #10 · answered by MISS-MARY 6 · 1⤊ 0⤋