2007-12-26 16:09:13 · 7 answers · asked by HoofHearted 3 in Business & Finance ➔ Other - Business & Finance
One million dollars, after taxes. You have one million dollars to spend.
2007-12-26 16:23:36 · update #1
Small house or condo that is completely paid off.
2007-12-26 16:17:41 · answer #1 · answered by Man 6 · 3⤊ 1⤋
The first thing I would do would be to take half of it and invest it in something reasonably lucrative without being stupidly risky and then I would take the rest and get myself a hip replacement and mental health care!
It wouldn't take the full amount but I would rather have extra on hand then end up short when the doc demands payment! LOL!
After I heal I would use the rest to pay off bills and to buy a house outright so I would forever own my own home, with a big back yard and room for a dog!
But I would TOTALLY go for the new hip first...
2007-12-27 00:19:01 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Well even after taxes and everything you'd be left with a pretty good bit of money..I'd pay off my debt by a cheap home and maybe a new car(nothing fancy)I'm not too greedy.Then I'd help my family with thier probs b/c they need all the help they can get!...Now if it was like multi-millions I'd invest in opening my own business...maybe a skatepark or tatoo parlor or something!
2007-12-27 00:21:01 · answer #3 · answered by webins1 2 · 0⤊ 0⤋
That's really not a lot of money. If you take it in payments, that would change my lifestyle but not a bunch. If you take the lump sum, you only get the current cash value of the amount and that's a bunch smaller. And then you have to pay Uncle Sam and everyone else. By the time you do a few nice things for your mom, dad, & family, you're broke.
2007-12-27 00:15:01 · answer #4 · answered by towanda 7 · 4⤊ 0⤋
First I would pay off all of mine and my boyfriend's bills.Then we would get married and buy a house somewhere(nothing too big) and furnish it with things that we like and would need. Then I would take care of my parents. The majority of it would be invested I just don't know in what. Also I would donate some to my local library, and agencies that have helped me in the past. I would also donate to St. Jude's hospital. What would you do?
2007-12-27 00:24:36 · answer #5 · answered by BEAUTIFUL STRANGER 6 · 0⤊ 0⤋
Pay of revolving business and personal debt: approx $350,000
Pay off our mortgage: $175,000
Pay off vendors bringing all accounts current: $100,000
Take a real nice and long overdue vacation: $5,000
Put a new roof on our shop: $120,000
Put the remainder $250,000 towards our $600,000 commerical mortgage
then breathe easier than we have been able to breathe in 5 years.
2007-12-27 00:32:17 · answer #6 · answered by Gem 7 · 1⤊ 0⤋
Pay off any immediate debt and then save and invest all of the rest.
2007-12-27 00:19:09 · answer #7 · answered by ◊FitnessCutie◊ 4 · 2⤊ 0⤋