What expenditures will provide me the greatest degree of temporary satisfaction, while limiting the long-range depression I'm sure to suffer?
2007-10-24 14:12:41 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
So while I would not opt for your strategy but rather save most of it and spent maybe 10% of it, still, to answer the question, there are the common areas.
Entertainment:
Big screen TV
Expensive Cable, Hi-Def and movie channels
Stereo equipment
iPods and iPhone
new computer and laptop
Apparel:
some nice clothes and shoes and jewelry.
Nice wrist watch.
Nice sunglasses
Car:
Nice sports car (Porsche or BMW or Audi)
Vacation
Trip or guided tour to a foreign country
Cruise
If you own a house, spend some on remodeling and relandscaping.
2007-10-24 14:31:15 · answer #1 · answered by Dave 3 · 0⤊ 0⤋
It's your life, but wouldn't it be good to skip the long-range depression and not go hog wild on spending? Treat yourself to something you've always wanted, and be careful with the rest of it. I'm sure if you talk to a financial adviser or banker, they can probably get you set up to where you can mostly live off the interest from that much money.
2007-10-24 15:05:13 · answer #2 · answered by Josie 2 · 1⤊ 0⤋
I'm not sure whats going on here, but if you're not planning on leaving the world anytime soon, take a big chunk of that and look into investements, accounts that generate money, talk to the bank dude! Of course you can spend a good amount if thats what you'd like to do, but I am strongly suggesting investments, so you will be more safe later on in life. You never know what might come up and it's certainly good to have cash to back you up.
As far as what you should spend it on, well thats up to you. I don't know what all you're in to and what you aren't. What might be awesome to me, might be lame to you.
2007-10-24 14:22:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
well, to waste it I would be a nice car and maybe a pool for my back yard and stuff like that. lol.
What you may consider though depending on your local is buying a new house. If you are fine where you live you can own another house free and clear and rent it out. Or pay off your own house. That would be the smartest thing, and lots of fun to pick out!
2007-10-24 14:22:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
First off you could invest some of it say $100,000 in something that will pay you back on the profits they make. (my business) That way when you get done spending the other 125,000 you will still have money coming in. Unless your not considering taxes then you only have about 150,000. But Good Luck.
2007-10-24 14:26:59 · answer #5 · answered by la45309 2 · 0⤊ 0⤋
I suggest a 50 year old Chivas Regal.
2007-10-24 20:22:05 · answer #6 · answered by Anonymous · 1⤊ 1⤋
Funny.
2007-10-24 14:52:28 · answer #7 · answered by npk 7 · 2⤊ 0⤋
Your stated goals are mutually exclusive. If you blow the money now, you WILL be depressed about that later.
2007-10-24 15:43:34 · answer #8 · answered by STEVEN F 7 · 2⤊ 0⤋