i have some retarded homework assignment do soon and im stuck! i need to spend a million dollars! this is what i have so far:
cell phone
computer
car
house
jewelry
charities
around the world cruise
clothes
I NEED HELP!
thanks i love you!
2007-08-23 15:27:08 · 9 answers · asked by liveyourlife ♥ 1 in Education & Reference ➔ Other - Education
yacht
apartment overlooking central park NYC (that should about do it!)
If you need to spend some more, buy a few stocks - if you want to lose money, buy, then sell lots of shares of stock that are on their way down.
Good luck!
2007-08-23 15:36:42 · answer #1 · answered by Patti R 4 · 0⤊ 0⤋
You sound like you're in Middle or High School. This is important cuz it means you're young. This is what you should do with your million buckaroo's. Invest it in the S&P index fund which over a 20 year period has proven to return approximately 7% gains per year. Say you're 17 yrs old. You start today and add $6,200 per every year for 43 years. By the time you're 60, you'll have made an additional 1 million. You can retire well on 2 million bucks!
2007-08-23 22:50:04 · answer #2 · answered by bananas4breakfast14 2 · 0⤊ 0⤋
The question reminds me of Dr Evil from the Austin Powers movies. Dr. Evil seems to have a problem in general with understanding money, especially regarding the modern American economy and inflation. In the first film, he intends to hold the world ransom for $1 million, but doesn't understand that $1 million isn't as large a sum of money as it was in the 1960s, because of inflation, and the demand causes the U.N. to burst out laughing.
You could easily spend 1 million in not much real estate, a nice but not opulent home, etc.
2007-08-24 00:14:11 · answer #3 · answered by The Corinthian 7 · 0⤊ 1⤋
I've had to do that before. Just think of all the expensive stuff that comes to your mind. Like say, you bought a 750 sq ft house instead of just a house. I mean you won't have much of the million dollars left, but at least you spent it on something. be specific
2007-08-23 22:37:55 · answer #4 · answered by TMABM 2 · 1⤊ 0⤋
Do you have to spend it? I would first pay off my minor debts, like credit card, rest of my student loans. Then I would invest it. You can let it grow for a while (won't take THAT long). Once you are really rolling in it you can donate to charities, or create scholarship funds, AND live vicariously!
2007-08-23 22:38:21 · answer #5 · answered by Red 2 · 0⤊ 0⤋
How much more do you need to spend, you didn't list how much you spent on your house, car and charities.
Anyway, I would buy a house for myself and one for my mom and dad, and I would invest in a small buisness.
2007-08-23 22:37:36 · answer #6 · answered by Mom22 5 · 0⤊ 1⤋
you could just spend the mill on a house :P and thanx
2007-08-23 22:35:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
a dog or cat etc...
shopping spree.
rent out a club and throw a party
movies
xbox or playstation etc..
guitar or drum etc...
TV
2007-08-23 22:36:49 · answer #8 · answered by Kaylee 3 · 0⤊ 0⤋
SHOPPING
SHOPPING
SHOPPING!!
oh.. did i mention
SHOPPING!!!!!
jk i would give some to charity too =]
2007-08-23 22:37:15 · answer #9 · answered by Anonymous · 0⤊ 0⤋