What would you do with a million dollars?

Ian_Fitz

Ian_Fitz

Member
What would you buy? Would u invest it? Save it? Pull a David Lesh and Start a midocore clothing company then have it fail and turn it into a "ok" clothing company? What would u do?
 
It wouldn't be enough to quit my job. But I would pay off mortgages and loans, and then put some into some projects we want to do, and invest the rest with the hopes of starting my own business and quitting my job in a few years.
 
Nothing super crazy.

- Find someone to help me make sure I'm not stupid with it and invest it

- buy a house and use the interest to pay my mortgage rather than paying in one lump sum

- travel a bunch and make it my goal to travel to at least one country I haven't been to every year and either go heli-skiing or out to Japan, depending on what the snow is like

- get a decent, but not crazy car and a bike

- find a different job, likely in the non-profit sector
 
Pay off my mortgage(s) and the wife'said student loans

Blow the rest on something silly like guns, skis, or fishing stuff
 
Whoever wouldn't invest it doesn't know what they are missing out on. That one million could multiply so fast.
 
invest in bananas. so much money in foreign agriculture and as more people inhabit the planet more people want bananas. demand never runs out.
 
Start my own liquor company..... wait I cant do that with only a mill.. New plan buy 2 new sleds and quit my job so I can ski bc and chill every day fo like 5 years. Play golf all summer. Just remember though a mill is only 1000 G's
 
Buy a property, have a company manage it for rentals, use proceeds to pay off mortgage, and then invest the rest.

Probably would let my parents use some to fix up the house we live in currently.
 
Help the parents and other close family out

Set some aside for my future retirement

Buy a couple nice cars

Invest, maybe start my own little company

Travel to my desired places

Buy myself a nice little home near a mountain

Probably still work and use that money to pay shit off
 
I'd probably have some fun for a couple years, wave the money around at some chicks and get one to marry me. Then id just try to buy out a well established bar and run that for a while until I can sell it and retire.
 
Buy shit ton of steel, weld a shit ton of rails, and donate them and some time to parks in need. Obviously grab a house somewhere. A modest 3 or 4 br with a small yard would be nice. Maybe a slightly newer car but idk that I'd buy a new new car.

Travel a bunch to as many new countries as I can.
 
13579195:nocturnal said:
If that's true then you have terrible saving habits and an awful financial investor.
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The interest on well invested 1 million dollars isn't close to the amount that we bring in with our jobs.
 
13579188:HAMNATION said:
There is still such thing as an interest bearing account??
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lol-- he must mean investing it in a mutual fund or something...because the interest you'd get off of a savings account would be like 1%
 
13579791:Sno. said:
lol-- he must mean investing it in a mutual fund or something...because the interest you'd get off of a savings account would be like 1%
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Try .3% I've never seen a bank that offers a 1% interest on a savings account I'm sure they exist but it's not common.
 
I assume $1,000,000 after tax so...

Finish paying off college

Buy a new car

Buy myself a ski condo

All three would be roughly $350,000

Invest the $650,000 and forget about it.
 
Pay off the mortgage, pay off car loans, FI cars, invest rest either in stocks or business.

Being old is..?
 
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13583275:turducken said:
a million dollars would only nearly pay off your mortgage?
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Unfortunately, yes. The title said dollars so I converted in pounds which equates to roughly £660 000. I live in London which is about the most expensive property market in the world. That much money doesn't actually get you very far. Anyhow, it was more of an emotional response. It would be foolish to put it all towards your mortgage.
 
Start my own ski and board business. I want to create the best skis and snow and surf boards on the market. I would also pay to finish college.
 
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