2007-03-02 12:40:56 · 13 answers · asked by Musicmaker2727 2 in Business & Finance ➔ Personal Finance
Invest it and only touch the interest.
2007-03-02 12:45:48 · answer #1 · answered by Mariposa 7 · 0⤊ 0⤋
$1,000,000 is not as much as it used to be. Next time you ask that question make it a BILLION dollars - that's more interesting. LOL.
I *could* take half of that and pay off my mortgage. But that's probably NOT the smartest thing to do because inflation is clearly eating away the true cost of my mortgage payment and the result of componding interest at a decent rate will easliy surpass my present obligation in the future.
Yea I'd probably blow about $10K on misc JUNK just to celebrate having a million bucks. But the rest would go into high yield savings and other investments.
2007-03-02 21:17:05 · answer #2 · answered by Nick 2 · 0⤊ 0⤋
Pay off all of my old debt and current debt.
Buy a house to live in and another to rent out.
Buy my mom & dad a new house.
Take my kids on a vacation
Put the rest in savings/investing and hope for the best.
2007-03-02 22:56:59 · answer #3 · answered by Devrysyd 1 · 0⤊ 0⤋
Exactly what I'm doing now, LOL!
Sadly, a million dollars is not what it used to be!
2007-03-02 20:53:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I will first pay all my bills, fix my credits open a big boarding for homeless and abuse kids. Open my own office for missing kids, take sex offenders of the street and provide employment. Of course go to visit all countries.
2007-03-02 20:49:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Buy a home free and clear, and a sweet ride.
What ever was left over I would invest and keep working, because I love my job !!
2007-03-02 20:48:50 · answer #6 · answered by BigTip$ 6 · 0⤊ 0⤋
Make a downpayment on a condo in San Francisco.
I figure it would take $5,000,000 to live there
2007-03-02 21:20:36 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Pay off bills, fix house, newer car and sock the rest away.
2007-03-02 20:49:02 · answer #8 · answered by Anonymous · 0⤊ 0⤋
pay debt
buya house
buy my mom a new house
put money away for my daughter
then, go on a nice vacay
oh and idstill work... my job is awesome
2007-03-02 20:50:44 · answer #9 · answered by ♥charlies angel♥ 3 · 0⤊ 0⤋
That'd just about buy a house in the UK, so I'd do that ;)
2007-03-03 08:50:57 · answer #10 · answered by Jez 5 · 0⤊ 0⤋