wat would u plan to do???
2007-03-02 07:37:25 · 18 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Well, first off, I wouldn't retire...I'd reinvest some in DRPs, mutual funds, a couple of CD's and I probably would throw in a treasury bill to boot. While it would be expected to buy a big house, fancy whip(ride), or get lots of clothes. Actually, I'd try to live as practical as possible. If I bought a house, then I got tired of it, what would I do? Spend time trying to sell it to some schmoe that'll tear it up anyway? Or even buy a $500,000 Phantom Rolls Royce, and mess around and get t-boned by some drunk bastard that rather suck down a 12 pack when he should be at home? Naaaah... There's a saying that "You can't take it with you, so I'd have enough money to buy whatever I want, instead of not having enough to buy whatever I need.
2007-03-02 08:14:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Pay off all my bills, but a house for me and my son, then give some money to my family that has helped me over the years.
I would opening up a savings account for my son for school.
I would also go visit different places..
2007-03-02 15:48:12 · answer #2 · answered by shorty21 5 · 0⤊ 0⤋
Invest it in stocks that are set to DRP fund themselves. When it hits the 2Mil mark (hopefully), set it for DRP fund to maintain the 2Mil and disburse the dividends quarterly. Separate out the necessary amount for annual taxes in put that in escrow until needed. When I fooled around with this idea 4 - 5 years ago it left me with @ $2K/week income.
(DRP, Dividend Reinvestment Purchase)
2007-03-02 15:43:14 · answer #3 · answered by Amy V 4 · 0⤊ 0⤋
I would buy a small 3 bedroom house and a $1,800 car. Put the rest away for my kids, So they can have college money.
2007-03-02 15:42:47 · answer #4 · answered by cexymama696969 3 · 0⤊ 0⤋
Ask me tomorrow after I win the Mega-Millions tonight!!
2007-03-02 15:40:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I would pay for my college and my brothers and sisters college..buy a house and give some to my parents who i wouldnt be here without...and any left over a car...
2007-03-02 15:40:29 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i would go on a shopping spree, save some money for college, give some to my parents, and give the rest to the poor kids in Africa.
2007-03-02 15:42:06 · answer #7 · answered by angelbaby 2 · 0⤊ 0⤋
buy a house for me mum an a house for me an my boyfriend an live off the rest
2007-03-02 15:41:18 · answer #8 · answered by lizzie 2 · 0⤊ 0⤋
Buy some more rental properties and generate some more rental income and cash flow ;)
2007-03-02 16:43:55 · answer #9 · answered by C L 5 · 0⤊ 0⤋
buy a cheap car then give away the rest, money should be earned, and too much money makes people go crazy.
2007-03-02 15:39:55 · answer #10 · answered by chris 3 · 0⤊ 0⤋