If you had 1 million dollars what will you do with it?

Answer 1

I would put 20% down on a 5 million dollar commerical property. That would probably earn me about 50k per year spendable cash flow. Then in 20 years when the loan was paid off, i would have a 5 million dollar property free and clear and about 300k per year in spendable cash flow. Thats assuming rents didnt go up in 20 years and there was 0 appreciation, which will all know rents will at least triple and so will appreciation in 20 years....so maybe then i would be worth 15 million and have 900k per year in spendable income.

Answer 2

45 years ago when I was a little boy I had an uncle that was a genuine train riding hobo.

When I posed that question to him he gave me the best advice I've ever heard.

He said, "First I'd buy a gun. Then I could keep my money safe from the outlaws and the inlaws. Then, when my money was gone, I could pawn the gun".

Answer 3

I'd pay off my parents house, buy a house down the shore in Ocean City, NJ, and invest it.
I'd also be sure to build a sewing room and dance room onto the house. ;)

Answer 4

I'd spend some, but invest most of it, since it will last longer and provide more that way. I would also donate a good portion of it too.

Answer 5

Hmmm the guys answer above is good KUDOS. i would invest it. but i would take some of it and travel with my wife, i would do some of that travel to places to help 3rd world counties succeed in life, knowlege is life.

Answer 6

Get a big Mac. And Fries!