If you had 3 Million Dollars, what would you spend it on?

Question

My choices would be
college tuition for my 3 kids
New home, and a new vacation home in Florida
Go on a few cruises I hadn't been able to see i.e. Alaskan Cruise, Bahamas, etc.
Give 100,000.00 to my sister and to my brother and to my nieces and nephews for their college ed.

Answer 1

I'd open a children's home for unwanted kids, I'd send my kids to college, I'd buy my sister a house next door, I would have the biggest kitchen ever with more food than any one could possibly imagine. I don't know what I'd do with the rest..those kids are going to be expensive.

Answer 2

people who've that lots money to spend have very own shoppers who do the 'heavy' lifting. in addition they might not be caught ineffective procuring in a walmart, objective or kmart. in addition they might in no way purchase something yet top rate kind call chocolate and as for the paint for the room, an indoors decorator could have been employed to attend to that job. None of of the flaws which you wrote make any experience for somebody who has that lots money to spend. no less than, those little ones might are transforming into a visit to FAO schwarz or another unique save and the parent in question would not experience the ought to submit this on a public dialogue board like YA. it is her very own fact from her YA profile: approximately me i'm a youthful spirit. i'm imaginitive,like to make others chortle, and function a feeling for sophisticated dwelling house adorning! The youngest of two sisters,and the youngest of three step brother/sisters Does that sound like somebody who's able to the above?

Answer 3

I would start with my grandmother...she is 73 years old and lives in a trailer that she has since she was my age. It is falling down and she is overun with cats....about 40 if not more. I'm affraid she is going to get in trouble over this. I live 4 hours away and nobody has the money to helo her. That would be the first thing. Then I would help the rest of my family get out of debt. My brother has three daughters by three women that he ran out on so I would set something upfor them. Make sure my kids have money for their future..pay off my house finally get married and try to live the rest of my life being happy with what I have.

Answer 4

I would buy my own house near any body of water, instead of renting, Invest in college education for my child. Donate to a charitable cause. I am not materialistic, I would just want the basics in life. House, Food, Clothes, Love. The rest would be a bonus.

Answer 5

Quit my day job. And do the followings:

- investment in stock
- investment in business
- further study
- more times with family (wife, kids, parents, siblings)
- do social work
- free tution for the poors
- go for tour every six months

No change in my house or car or any additional things. Just like to be free and not financial worries for the rest of my life. I always wanted spent more times for social work

Answer 6

Assuming it was all Lump Sum (get all the money *now*) and that the "3 million" was after taxes....?

--I'd take the first 900K for myself. Split it two ways, 600K would go, 100K at a time, into 5-year Treasury notes so that I'd have a guaranteed monthly income in the four digits no matter what I do. The remaining 300K would go towards paying down *ALL* of my debts--yes, Student Loans and all--and would also be Mad Money for the first *year* it would take for that 600K in Treasury Notes to start *earning interest* and making me money.

Ok, so I would *NOT* spend 300K in the first year...*lol* My debts would barely take 50K total, Income for the year another 50K more, so 100K of that would go into a savings account for paying down some manner of long-term housing (maybe part of a condo payment?) while the next 100K would go into medical expenses--getting *GOOD* medical help for my issues.

--With the remaining $2.1 Million, I would divide it evenly between my three sisters, and do much the same for them that I did for myself. Pay off their debts, and establish investments so that they have a steady interest-based income for at least the next five to ten years. Because they have kids and in their own way need it worse than I do.

But then again, it is *my* money as well. *lol* But I don't *need* to be a millionaire three times over just to get *myself* out of debt and poverty, ok? ;)

Still, it would be nice, after all me and my sisters went through growing up under our dirt poor, abusive and neglectful parents, to be *able* to get out from under the money thing *once and for all* and to say, "No, we don't need charity or welfare anymore, we have our own money now...yes, we got lucky but we made it."

And truthfully....who among the filthy rich these days *isn't* lucky? Seriously. Do you think *every* rich man earned *every* penny? Hardly. Many *inheirit* their dough, or inheirit the connections needed to *get it*.

But I digress. With three million....life wouldn't be perfect, ok, but I could solve some problems of *mine* and have plenty left over for my next of kin. Who deserve a fair break. :)

Hope this helps! Have a good one! :)

Answer 7

My kids education. Building a buddhist monastery where I live. A new home, though nothing overly glamorous. Helping charities, and spoiling a nephew who has junior rheumatoid arthritis.

Answer 8

(US Dollars)
Depends ... does Uncle Sam take his 40% first leaving 1.75 Million? I'll pretend that the $3 Mill is net:

$500,000.00 to Charity (Churches, Hospices, Orphans, Enviroment).
$500,000.00 Ranch in Mountains (near ski resorts).
$300,000.00 Loft in City.
$200,000.00 Safe investment (bonds) to pay taxes on property 4 next 15 yrs.
$300,000.00 Moderate investments (bonds & mf's) to pay for maids & cooks.
$200,000.00 Horses & Maintanance.
$100,000.00 Cool Cars.

Save the rest for other adventours I might want to try later in life (marriage, kids, travel, health, and career).

Answer 9

I would spend it on my family.

forget the poor, they wouldnt return the favor if the tables were turned. how many poor people that win lotteries donate back to the poor?

Answer 10

of course you look after family, I would also invest a good portion of it into The Templeton Fund and just live off the interest they gave me.