If you had 1million pounds/dollars what would you spend it on & why?

Question

I'd give the money to the red cross, because those poor beautiful people in Africa need food an water, and don't have christmas.

(this is a test to see how selfish people really are!)

♥

Answer 1

since i have everything i need -- i would find some real desereving folks and put them back on there feet!!!

Answer 2

I am selfish as I have a family to care for until they at least turn 18!!
First I would tithe 10%. Then I would pay off all our bills (credit as well as car). Buy a new car to replace our dinker (nothing fancy as we only need it to get from point A to B...hubby would like an Accord-even used okay). Then buy a rather QUAINT home somewhere that has lower costs matched with larger space! Put a large portion aside to start building even more funds to send kids to college (not put all their college money aside for it now (it could end up costing a million just to send our now 2, not including the additional children we plan to have in the future) or else we'd have none left for our needs now). Put another smaller portion into Bonds, CD's, basically anything long term that grows and we can (hopefully)guarantee to get back later down the road. The rest into savings for a mixture of usages. If after we feel we are comfortable with where we placed everything and have money left over, then we will more than happily give some to children charities (after we have adopted a few children of course).

Answer 3

I would certainly give 10% to goodwill causes and cancer and disease research. Then, I would fund my retirement with a Roth IRA. Next, I would purchase a few funds such as an index fund, growth stock fund, international fund, income stock fund, a money market fund, and a bond fund, all inside of a low-cost annuity. Then with around $500,000, I would purchase a high yield savings account online yielding at least 5% annually. That's an extra $25,000 a year annually! That would be worth another quarter of a million dollars in ten years. I would also purchase a high yielding REIT and a commodity mutual fund such as gold and diamonds. A 30-year T-Bond wouldn't be bad either.

Answer 4

Try to help funds to stop animal testing

Buy a house and get out of a this trailer

Save money to put my son though college

Buy a new car

Go shopping for new clothes

Maybe pay to take some classes online for college

Answer 5

supply some to my church. purchase a modest homestead and pay for it in complete. positioned some away to cover the whole fee of my daughter's college practise. make investments some and repay my mastercard debit and automobile notes.

Answer 6

house
car
clothes
helicopter