if you won 1000000 dollars what would you do first?

Question

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Answer 1

jump up and down and yell woohoo
then plan how to use the money wisely and for fun stuff too

Answer 2

after uncle sam ate into a good 3rd id buy a house then go on a good vacation. a mill is not that much in cali any more so id probably move out of state to make the money last a lil longer n probably would have to go back to school while i have the money n get a degree so that i can get a good job n be able to afford the property taxes on my nice new house and car.

Ugh a mil just is not anything anymore really.. think about it. Would have to invest whats left so that I can retire later

Answer 3

Thanks for this great question

First, I would immediately start planning and organizing. I've been planning my whole life to set some money aside for charity. Sadly, there are so many homeless people that don't have the things many of us have. So I would most definitely donate 25 or more percent to charity. Then I have many people I owe money to, and I need to pay off debts. That would take about 10 percent. With the rest, I want to buy a really nice house in Florida, where my whole family and I could stay. That would be really nice. And I want to also use it for college; my lifelong dream is to become a pediatrician.

Answer 4

First thing, I'd talk to a financial attorney. I'd get fiscal shelters set up so I could live off interest the rest of my life. Then from there, I would figure out the budget needed to take care of the big ticket items I would need and want- house, car, furniture, appliances, etc. I'd pay off debts and long standing bills. Then maybe take a trip to Japan. That's about it.

Answer 5

If I won that much money I would first put it in the bank where it will start drawing interest till I decided what I would do with it. One of the things I always wanted to do with money if I had enough would be to give to the poor and homeless. I know how hard it is without money to pay your bills.

Answer 6

I would invest it and draw the interest. I would take a LONG vacation too. I would still probably work part time to supplement the interest income. At 30, I could not retire completely on a million, but the interest would sure help out alot! Ahhhh, one can only dream!!!

Answer 7

I would sock it away and live off the interest. Imagine making 5 or 6 % on a million bucks

Answer 8

Give thanks to the Lord. Set aside the 10% tithing; then check to see how much I have to pay on taxes. Pay off any debts and put some into investment; then buy my children the cars they so desperately need. Smile.

Answer 9

make my dreams come true...join a slimming programme at the most famous slimming centre in asia country, to rebuild my shape and personalities. then, i want to spend my money to own a coffee shop, maybe a bistro on the beach. the rest of the money i will keep it in the bank(to earn interest)..hehe

Answer 10

Pay off all of my bills, put enough aside for me to finish college, pay off my sister's student loans and give her enough to finish college and grad school, pay off my parent's bills and my in laws' bills, then grandparents, and if there's anything left, put towards a custom built home made by one of the top home architects in this area.

Answer 11

Put in a bank and live off of CDs (Certificate of deposit). You'll be getting 50K per year for nothing, absolutely nothing. That i a Police Officer's salary.