What would you do if you got one million pounds?

[timsweb]

Hey,

So what would you do if you did get 1 million pounds?

English pounds, if you use a different currency,

Then use this converter i found:

http://forium.money.msn.co.uk/currency/uk/currency_converter.html

Tim

 

[Saulbadguy]

Move to England, I guess.

 

[tweakmm]

You mean after I went to the bank to change it into American dollars?

 

[Atomicus]

Its called convert to American and then put it in a savings account. Use the interest for investing

 

[yllus]

I'd eat the most goddamn amazing English muffin that money can buy.

 

[timsweb]

Originally posted by: tweakmm
You mean after I went to the bank to change it into American dollars?

Yep

 

[Amused]

Two chicks at the same time...

(I can't believe it took this long)

 

[Saulbadguy]

I wouldn't bother with converting it. Like I said, i'd move to England.

 

[beer]

Corner the English currency market

 

[jjones]

Originally posted by: Amused
Two chicks at the same time...

(I can't believe it took this long)

...for a month.

 

[JoeKing]

I would pay for advertising

 

[NTB]

Originally posted by: Atomicus
Its called convert to American and then put it in a savings account. Use the interest for investing

yep. According to your converter:

1,000,000 British Pound = 1,859,300 US Dollar

Invest it and sit on it. I'll live off the interest

Nate

 

[m2kewl]

Originally posted by: jjones

Originally posted by: Amused
Two chicks at the same time...

(I can't believe it took this long)

...for a month.

and a half

 

[cw42]

i'd move to mexico. i dunno how many pesos i'd have, but it'd be alot!

 

[StageLeft]

Pay off my debts, send some money to family for fun, visit london, buy a nicer car.

 

[JulesMaximus]

Exchange it for American dollars.

 

[timsweb]

Originally posted by: cw42
i'd move to mexico. i dunno how many pesos i'd have, but it'd be alot!

1,000,000 British Pound = 21,394,965 Mexican Peso

 

[imported_FishTaco]

I would buy my English mail-order bride. I like girls with a light English accent.

 

[konichiwa]

Originally posted by: Atomicus
Its called convert to American and then put it in a savings account. Use the interest for investing

Yeah, the .2% interest, about 4k a year. In the lap of luxury!

 

[Scarpozzi]

Originally posted by: Amused
Two chicks at the same time...

(I can't believe it took this long)

I wasn't here to say it...when I read the title that's what crossed my mind.

 

[JulesMaximus]

Pay off some bills, do some home improvements and invest the rest.

 

[Amused]

Originally posted by: konichiwa

Originally posted by: Atomicus
Its called convert to American and then put it in a savings account. Use the interest for investing

Yeah, the .2% interest, about 4k a year. In the lap of luxury!

His plan is very wise. Keep your job and your present life style. Put the million in simple (and safe) interest bearing accounts. Use the interest to invest in higher yielding (but higher risk) investments. If all goes well, your fortune grows to the point that you can start taking money from it to live off of very comfortably, AND keep growing it. And even if all does not go well, you still have your nest egg of the first million.

 

[notfred]

pay off my debts, buy a house, invest most of what's left over

 

[Amused]

Originally posted by: notfred
pay off my debts, buy a house, invest most of what's left over

I see this is a common theme, and it's not the wisest. NEVER spend a major windfall.

Atomicus had the best plan. Put it all in interest bearing accounts and use the interst to invest. Or, you can use the interest to pay off debts and then invest. Grow the windfal into something you can comfortably live off of, or if you;re really ambitious, into a fortune. But do NOT, EVER spend the priciple.

This is what seperates the successful from the unsuccessful.

 

[Excelsior]

Originally posted by: Amused

Originally posted by: konichiwa

Originally posted by: Atomicus
Its called convert to American and then put it in a savings account. Use the interest for investing

Yeah, the .2% interest, about 4k a year. In the lap of luxury!

His plan is very wise. Keep your job and your present life style. Put the million in simple (and safe) interest bearing accounts. Use the interest to invest in higher yielding (but higher risk) investments. If all goes well, your fortune grows to the point that you can start taking money from it to live off of very comfortably, AND keep growing it. And even if all does not go well, you still have your nest egg of the first million.

Yeah..and would the interest rate not be higher than .2%?