could 1 million dollars solve your problems or create new ones and what would you do if you had a million?

Answer 1

For each person it would be different. For me it would be a problem solver and I would put it into a business I am starting. Some would go nuts and think they now have a endless supply of money and it would be gone before they knew it.

Answer 2

you know it really is not that much money.If you had a million in the bank earning 4.7 percent in would generate 47k a year less 15 percent capital gains tax leaves you with 39,950 a year which translates too 3329.17 a month or about 107.39 a day now you have house payments car payments and country club dues if you like too play golf.Heck man people making 20 dollars a hour are making more money than you are.Can you become a millionaire if you save diligently and invest wisely and don't worry about keeping up with the jonses the answer is yes there are over ten thousand new millionaires created every year and it could happen to you.

Answer 3

For most people it would cause more than it solves. Why? Because they would not plan for it. Money that you get quickly with no plans for brings about a lot of problems. However, if you had a plan for each and every dollar before spending any of it, it would solve many problems without creating new ones.

Answer 4

There's two great resources on this, the big budget movie, millions, or the choose your own adventure book on it (which might be tough to procure, at least, in the beginning). I'm right in saying that just finding that sum of money in a briefcase (the movie shallow grave is that simplistic) would cause twice as many problems as it bandaged up.
By the way, i haven't spoken to any lottery winners, but it's my hypothesis that they would be less happy with it than those which earnt that money over most years, or with those which collect very much more than a million, that is, billionaires.

Answer 5

I have long thought that it would solve all my problems (even though it doesn't buy nearly as much as it used to). I imagine that it would cause problems for me; most likely the regret that it was all gone when I had wasted it. It is still a risk I would be willing to take though. In saying that I know within my heart of hearts that money would certainly not make my problems disappear unless I really wanted them to. I could do with a bit of spare cash though.

Answer 6

$1,000,000 would solve all my financial problems and give me peace of mind. After I pay off all my bills including my house note I would still have the majority of the money. I would take $550,000 and put it in the bank. I would have them send me a check each month for the interest. I live modestly within my means so I could be very comfortable on that amount. I would put $100,000 in investments. $25,000 would go to chaity.It would take $275,000 to pay off all my debt leaving $50,000 to splurge with. New problmes, no. It would not cause new prolbems.

Answer 7

It cold solve any financial problems I have right now, and I would be able to buy a house and a dependable car. I would be able to stay at home with my daughter until she went to school. My husband and I would definitely go to Australia for a vacation. I've been but he hasn't. And the rest of the money would be used for College for our baby and maybe the next one or two someday!

Answer 8

they would solve the problems of having bills to pay, but then they would create the problem of what to do w/ all
the money. I would give to the poor & then buy
a house . Take Care

Answer 9

I have more plans than the million would cover. :)

But if you're the kind of person who always has money problems, a million dollars wouldn't fix it. It would just elevate the kind of money problems you have.

Answer 10

50 million human beings each and each getting one million million money is 50 trillion money. that's approximately 4 years of GDP, approximately 15 years of the full federal budget, or 2 an prolonged time of federal tax gross revenues. have been given the different recommendations?