What would you do with $1,000,000 bucks?

[TheOmegaCode]

<< Besides 2 chicks at one time....


I think i would buy a $100,000 car (TBA) and invest the rest... How bout ya'll? >>


oh god I love that movie.....

I'd put about 800,000 of it in savings.
Buy a new computer -$2,000
Go to college -$80,000
and make a futon, out of $1 $tba

 

[Muadib]

I'd buy you a K car, a nice Reliant automobile.

 

[BrunoPuntzJones]

<<

<< Throw that into a savings account and live off the intrest while have a fun job! I like to play golf so I would get a job at a country club and play for free. >>



Does the government tax interest made on a savings account (if it's your primary source of income) like it does regular job income? Because if it doesn't, then $40-60 grand a year (4-6% interest) is really like getting paid $80 grand + at a job. Plus down the road you still have $1 million to retire with! >>

What is a governement savings account? I said munis because they are normally tax free.

 

[pulse8]

<< I'd buy you a K car, a nice Reliant automobile. >>

Really? I'd buy lamb or an emu.

 

[Amused]

Invest it.

By the way, right now with a reasonably safe and diversified portfolio, you should expect around 5%. Interest rates are down, and the market is screwy. Heavy on real estate is the way to go right now.

:::sigh:::

I remember when I made 20%

 

[Freejack2]

Put it in something earning 5% interest and live off of it. When I got myself debt free would probably start some kind of business that I'd enjoy working at.

 

[amnesiac]

Give it to my parents. They'll use it much more wisely than I ever would, and I inherit everything anyway.

 

[hans007]

youd get more interest than 1.5% since its a lot of money. Youcould put it in a CD or something.


As peter gibbons says


i would do nothing. and it would be everything i thought it would be.

 

[Juniper]

Buy a house, start my own business.

 

[CiSmAXz]

Build a decent house, buy a Lexus IS300, a Harley Fat Boy, a nice home theater, some computer equipment, go to Europe and invest the rest.

 

[Sepen]

Pay off my bills, build a modest home, then invest the rest.

 

[NeoMadHatter]

invest, retire, and enjoy the rest of my life.

 

[LordThing]

Dump it in your ING account. You can make 3.25% right now with it. Alot better than a standard savings account. And you can make $50 on signup. W00T!

 

[spaceman]

pay off all bills.

some of them id pay off in lower denominations,like nickels and pennies.

Buy a nice house.


Buy a decent automobile, nothing flashy.

Help out a select few friends and family.

Bank the rest and pretend i never had it.

 

[Geekbabe]

I'd invest a good portion of it,finish my certifications and probably spoil my family and friends. I'd probably also eake out a few new pieces of computer hardware for myself as well

 

[ViperMagic]

invest it in a CD account, with the highest intrest rate I can find. Then I'd go off and forget about it for a few years (like 20). When I come back, after working for 29 years and I've got a wife and kids, I'll take it out, build us a nice house and buy nice stuff.

 

[RossMAN]

I would wage an all out war against Staples.com

 

[Geekbabe]

<< I would wage an all out war against Staples.com >>




Well, my money would be on you as the winner in that bout ! I got a friend that used to work help desk for em, lol, they deserve whatever you can dish out

 

[RossMAN]

<<

<< I would wage an all out war against Staples.com >>




Well, my money would be on you as the winner in that bout ! >>



Ya think?

 

[Geekbabe]

<<

<<

<< I would wage an all out war against Staples.com >>




Well, my money would be on you as the winner in that bout ! >>



Ya think? >>




from what I know about their inability/unwillinginess to learn from past mistakes and their over reliance on temp help, heck yeah,it's an easy money bet

 

[Texmaster]

I would force my parents to retire,buy some gifts for the family, keep about 20 grand for myself of frivilous purchases

And invest the rest

 

[tcsenter]

<< Is it unreasonable to expect 6% from a bank for 10 x $100,000 fdic insured accounts? >>

If I recall correctly the FDIC only insures each account holder up to a maximum of $100,000, not each account, which means you can have as many FDIC insured accounts as you want, but you're only insured for a total of $100,000.

As for what I'd do with a million bucks, I'm not greedy. Since I'd only be left with about $650,000 after taxes, I'd have to put all that money to work straight-off instead of trying to live off the interest. I'd be looking for a reasonable long-term investment strategy that would double my money in 8 - 10 years, nothing more aggressive than that. In 10 years, I could live off the interest from $1.5 million.

Then I would splurge on a house, car, etc.

 

[Mister T]

use 250K for a downpayment on a condo
give 250K to the parents
invest 250K in the market (stocks and bonds)
invest 250K in realestate or just dump it into reits if I am too lazy...

oh, and keep on working until net worth hits at least 10 million