what would you do with a million dollars? tell the truth!?

Question

tell what you would do with that money.....would you be greedy and keep it all to yourself or would you be nice and give some to people in need?

Answer 1

in the usa thats really not that much any more,

Answer 2

I have a theory about people in need. That theory is that they are in need because they chose that way to live. Giving them money will not alter their state one iota in the long run. In a weeks time the money given them will most likely be gone and they will be in the same state they were in before hand.

I will grant you that not all persons in need fall into that category, but attempting to separate the wheat from the chaff, would be a task I would probably fail at.

My job is to provide for the well being of my family and that is the function the million dollars will serve by prudent investments.

Answer 3

If this is after taxes then I would invest in a large stable company who pays a good dividend, about 4 to 6%. Try to live off the dividends and hope my money grows.

Example if got this money last January and I was able to buy Bank of America (BAC) at 47.00 per share. I would have 21000 shares of BAC and 13000 dollars till the first dividend pay out in Mar.

Dividend pay outs so far would have been $32,760 plus the next pay out is in Dec. for $11,760 giving me 44,520 for the year, and the stock is now, (11/27/2006) worth $53.96 or 1.13 million.

In January I began with 1 million dollars, I would have been paid 44,520 for the year, or 21.40 an hour if I worked a 40 hour week, plus an increase in wealth of $130,000 dollars.

Its the holiday season and I would be able to cash some stocks and buy holiday gifts for family, friends, charity, and finally myself and I would still have the original 1 million I started with. Then next year it would start all over again.

Answer 4

I would definitely subscribe to more than just basic cable and phone service and would no longer have to buy used computers.

I would buy a house for sure and ensure my mother is well cared for for the rest of her days.

I'd eat at the nearest Mandarin restaurant 2 or 3 times a week at least.

I'd probably take up gambling .. for amusement .. with strict limits ... of course.

I'd get any family member out of debt if the debt wasn't because of a drug addiction or alchohol ... or gambling .. lol .. and if so I'd sure offer to pay for their necessary treatment.

I can't say I'd be totally unselfish, as sometimes the worst thing you can do is think you can help someone. Sometimes people just aren't ready for the changes in behaviour or thought that keeps getting them in their situations and to toss them money to squander would be just irresponsible.

Answer 5

Truth be told I would buy a house ($600,000) I live in California house proces are C R A Z Y!!!
I would furnish my house ($100,000) that would cover indoor, and outdoor furnishings for my house.
I would buy a new car ($30,000) Dodge Magnum SRT8
I would put $70,000 in an account for my daughter.
And with the remaining $200,000 I would send my parents on a good vacation to celebrate their retierment, put a little money in the bank fo rmyself, pay off my credit card and any other debt, and go to the strip club!!!

I am sorry, but as a single dad, in debt, and living check to check I am the "people in need".

Answer 6

I would pay off credit cards, mortgage, vehicles, put $$ away for our 3 girls to go to college, help out my family, invest some and give some to some charities, St. Jude's, homeless shelters, and that is the honest to goodness truth of what I would do if I had a million dollars!!

Answer 7

Pay off all my bills, give some to my kids, and invest the rest. I would not donate any of that money, because I have 2 grown boys, and a Grand-daughter who needs help more.

Answer 8

Keep my job and put it in a bank with a high intrest rate for untouched funds.
Then, after a year, it would acrue enough intrest to live on, say between $65-$70,000.
After that, and paying off my own bills and taking care of my family and friends, the people who took care of me when I needed it, then I would start looking for those in need whom I could help out.

Answer 9

I have everything I need. I wouldn't change my life style. I might buy a new couch and TV. I would make a trust for my grand children's college education. I would give to the food bank and the women's shelter. It's more fun to make someone else happy. I'm happy enough.

Answer 10

(1) Pay off me & my fiancee's home and then go on a luxurious vacation
(2) Put money in the bank for my kiddies and my honey's son
(3) Buy the car I want (the new Shelby Mustang)
(4) Pay off ALL our bills
(5) Buy my parents a new house & pay off thier bills
(6) Send my grandma on a cruise
(7) Send my parents on a vacation
(8) Pay for my sister's upcoming honeymoon
(9) Give St. Jude's a check for $100K in honor of my fiancee's son who passed away from cancer
(10) Give the local battered women's shelter a check for $10K

That's probably ALL the money...

Answer 11

I'd pay my brother's college tuition, give my parents' money, send my aunts in San Francisco money, give my new nephew and niece money, pay my hospital bill, get stacks of 100 dollar bills and hand some to the unfortunate people who sell whatever possible to get money in Chinatown, and throw the rest of the bills around my new 5th Ave, penthouse apartment in my lingerie while dancing to "Fergie - Fergalicious."