How would you feel once you got the good news? : )
2007-04-24 06:51:45 · 17 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
First of all the shock would have to wear off. then I would off the top give 20% to a childrens research fund for cancer and other forms of health problems that need money to keep our future children safe. Then pay off all my bills and keep working to keep my life intact. Of course 10% to the church. God Bless.
2007-04-24 06:59:02 · answer #1 · answered by Cheryl R 2 · 0⤊ 0⤋
Most people would end up spending that money on a new house and new car. What I would do is this:
1. Put in savings, bond, or anything else that will allow me to draw interest from it.
2. Don't touch it for a minimum of 1 year. This way the interst builds up. 1,000,000.00 * 3% interest (just an example) = $30,000.00
3. Use the interest to buy my new car or a great down payment for a house :).
That's my approach.
2007-04-24 14:00:28 · answer #2 · answered by toes_made_of_steel 1 · 1⤊ 0⤋
Fun question.
First - tithing (I'm a bit religious and superstitious about that)...and probably taxes - (not superstitious on this, but it would suck to get audited).
Then, pay off everything - including the mortgage, and use a small chunk to fix some things in the house.
With the rest - retirement funds and investments - and then I can keep figuring out dreams and good things off the interest of those investments.
2007-04-24 15:15:07 · answer #3 · answered by daisyk 6 · 0⤊ 0⤋
How would I feel? First I'd be shocked in either case of winning or inheriting the money. If I inherited it, then I'd be more shocked because I didn't know I knew anyone with that kind of money, then I'd probably feel sad for losing someone I knew or loved.
but then I'd Pay off my student loans of $100,000 and find one anonymous person who has student loans like mine and can't afford it to pay his or hers either. Then, I'd try to invest the rest and help other people from the money I make from the interest or growth of my investment.
2007-04-24 14:33:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
One million dollars isn't enough to quit working, but it would certainly take the "pinch" out of life.
I would however, quit my job... probably by sending a postcard from somewhere tropical... and find a more rewarding, low-stress job.
Investing in my future, children's futures (college funds), church and non-profit organizations would be a very high priority.
2007-04-24 13:56:48 · answer #5 · answered by Laurie D 4 · 0⤊ 0⤋
How would I feel? Shocked, then relieved, then probably a bit guilty (codependant).
We would pay off our mortgage, credit cards, and car. With what was left, we'd set up 529 plans for the kids, and forward the rest to one of the children's villages in South Africa.
2007-04-24 13:57:20 · answer #6 · answered by sylvyahr 3 · 0⤊ 0⤋
a 30 year old female can put this in an annuity and get $4606 per month for the rest of her life.
A 30 year old male could get $4666 per month for the rest of his life.
I think I could survive on that amt and work only for something to do after I play ever golf course in the USA.
2007-04-24 14:56:07 · answer #7 · answered by Sports fan 5 · 0⤊ 0⤋
First I'd help my mom leave her husband and relocate far away. Then I'd buy my dad a house so he wouldn't be poor anymore. Of course I'd pay off my debt. By then I'm probably wiped out again and back at $0 lol.
2007-04-24 13:58:12 · answer #8 · answered by Candy C 4 · 0⤊ 0⤋
I'd pay off all my bills then invest the rest so I can avoid getting behind again. I'd be excited to win $100 right now.
2007-04-24 13:59:31 · answer #9 · answered by Angela 3 · 1⤊ 0⤋
I'd probably faint when I got the news. Then I'd buy a house, a car, pay for my kids' college tuition, and blow some of it out my butt. Lol... Wouldn't it be nice?!
2007-04-24 13:57:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋