If you have 1 million,what will you do?

Answer 1

Life happily ever after.

Answer 2

It depends on the denomination! If it is one millions dollars then that would be a lot of money! If 1 million pesos, that is just to buy a house and lot. A brand new car would be more or less P300-400.000.
With the cost of living now getting higher, the best would be to put the money in the prime neccesities in life like housing or a brand new car. However, if that would be too much, then the house would be the highest priority.
Put half of it in savings and at least have something for a vacation. Do not overspend because cost of living now is too high. If you overspend the 1 million will be gone with the wind in a short span of time.
I will still continue to work because staying at home will only make you dull. Investing in a business? All business now are suffering financial losses! You have to think of this very well.
Since 1 million is a blessing, share a part of it to our less fortunate brothers. I dont share to beggars who are even stronger than me! Probably share it to the disabled.

Answer 3

It would be unforseen to not be selfish with watever money comes easy. Personaly open my own business, of what I dont know, but with 1 million dollars I can probably come up with pretty good busineses ideas to start a busines when the time comes. I would share my wealth by hiring people and help them earn their living just like i did before i would come to that million and by doing so give them the oportunity to have that million themselves one day. I will ask this on the questions but is for you (what would you not do with a million)

Answer 4

Assuming you still have to work for a living, I'd try to figure out how to invest it so that it would produce a lifelong income stream. If you do this, then *you* would be in control of what you do for the rest of your life since you wouldn't have to rely on an employer for your livelihood. And you wouldn't have to stress out about how you're going to make ends meet or what happens if your job is outsourced next week. It'd probably also make sense to move to a low tax state (Alaska, Nevada, Florida, etc) or even become a citizen of a low-tax country so that your effective return on investment would be higher and you wouldn't need to earn as high a rate to finance a lifelong income.

Answer 5

Quit my job. Buy a house for my Mom and Dad. Buy a house for my brother. Buy a house for myself. Invest some of the money so I have an income. Save some in the bank. Give some away to charities that I care about.

Answer 6

I if had a million dollars I would build a huge house , hire nannies, chefs whatever i would need and have a half way house for street kids. but I would still eat Kraft dinner. I would buy you a monkey!

Answer 7

well is this before or after taxes? if it was after then we are down to $500,000 and then i'd pay off my house and bills and take a vacation and then i'd be broke. if i had the full million i'd probably save away some in a interest bearing account and get a new house.

Answer 8

I'd put it into a commercial real estate fund that returns 9% annually in cashflow and 10% in appreciation.

Bam I have a new paycheck for 90,000 per year and in 3 years when my principal is returned to me I roll it over and get a raise to 120,000/year.

I actually do this for a living (*making ppl wealthy). I'm licensed in VA,FL,NC and MA... enjoy :)

Answer 9

play forex and try to get another million in 3 years, and then i will ask my self what will i do with this 2 million.

Answer 10

Smile

Answer 11

Half to invest
The other half to find a partner, have family and travel around the world. I like this half better because this will bring the best out of me.