2006-10-09 22:54:51 · 14 answers · asked by Anonymous in Games & Recreation ➔ Gambling
Wow and congratulations on your lucky win!! My advise to you (not that i have or will ever see that much money) is to take your time....its not going anywhere......and for goodness sake, help someone else. I think we should all share more. Enjoy and good luck.
2006-10-09 23:02:29 · answer #1 · answered by Jade Emerald 2 · 0⤊ 0⤋
I assume that you are Australian, and I don't know how the property market is over there. But I would certainly invest in property. Buy a home. Generally speaking land will always go up in value, and a well maintained home on that land will do so also. So I would sink at least $125,000 into a home and then maybe treat yourself to a nice car and furnishings for the home.
Of course I have no idea what the cost of living is over there.
Obviously if you have any debt, you want to take care of that first. Depending on how far that much money goes in Oz you should hopefully be able to pay off your debt and put a sizable down payment on a home.
2006-10-10 09:52:49 · answer #2 · answered by ZCT 7 · 0⤊ 0⤋
First, if you have any debt, get rid of it! After that I would put it in a nice mutual or money market account. The only thing better then having a nice windfall is having the money work for you! Congrats and best wishes!
2006-10-10 06:07:43 · answer #3 · answered by badgerman 2 · 0⤊ 0⤋
You could order a new car or truck exactly the way you want it, get a high performance computer with multi-screens and huge monitors, buy some new clothes, go out for a night and party and save the rest to help you get a house.
2006-10-10 06:06:37 · answer #4 · answered by FreddyBoy1 6 · 0⤊ 0⤋
Pay off any debt you have.
Invest some money in a Mutual Fund. Depending on how you invest, the interest can range from 2% - 10% (longer term investment.)
Take someone special out for a night out of town to celebrate with you.
:o)
2006-10-10 07:18:49 · answer #5 · answered by SatinDoll1976 3 · 0⤊ 0⤋
So congratulations!
What a wonderful opportunity to pay off all your debts and secure your accommodation.
Then when you know how much you have over after that plan a holiday and go travel - slowly to places you have always wanted to see.
Invest anything you have over.
The thing you should not do is try and change your lifestyle completely. You will flounder.
2006-10-10 06:08:28 · answer #6 · answered by london.oval 5 · 0⤊ 0⤋
Give it all to charity except $1.00 and then go buy a scratch off with it. Good Luck!
2006-10-13 05:16:14 · answer #7 · answered by Jim M 2 · 0⤊ 0⤋
Well...if you don't know how to spend that money....try getting a college degree of some kind.
2006-10-10 09:27:16 · answer #8 · answered by dj6217 2 · 0⤊ 0⤋
Why spend it? Buy something you've always wanted and invest the rest.
2006-10-10 11:05:43 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Put it in cd,s or money market for now and do your home work.
2006-10-12 17:03:28 · answer #10 · answered by Anonymous · 0⤊ 0⤋