you win one million dollars exactly... so how do you spend it?Prev Topic Next Topic

New Topic New Poll

LOTTOMIKE

Tennessee
United States
Member #7,853
October 15, 2004
11,352 Posts
Offline

Mar 17, 2007, 3:44 am

you win one million dollars exactly... so how do you spend it?
after taxes are taken out and all expenses are paid you are left with exactly one million dollars.how would you spend the one million?
s5thomps

Hard Luck, Ak
United States
Member #23,471
October 13, 2005
422 Posts
Offline

Mar 17, 2007, 6:13 am

Pay of my debts and invest the rest!
pacattack05

United States
Member #17,554
June 22, 2005
5,582 Posts
Offline

Mar 17, 2007, 8:48 am

I'd first buy a porsche. Then I would start an aggressive advertising campaign on the best direct sales products on the internet. Probably in the healthcare industry. In the past 15 years, the vitamin, nutritional, and basic health conscience industry has exploded exponentially.
On the other hand, I might just blow it all on expensive guitars, equipment, a studio and write songs hoping atleast one of them would be a one hit wonder.
Help my sister with some cash.
TheGameGrl

A long and winding road
United States
Member #17,083
June 10, 2005
6,680 Posts
Offline

Mar 17, 2007, 9:15 am

The correct answer- Very slowly and wisely!
Now for the truth though- 1: Buy a house 2: Payoff my debts 3: Give my kids 20 k each 4: Get my jeep fixed 5: Go on a vacation 6: donate 10k to a childrens hospital 7: Setup a college fund for my grandkid
8: Hire pacattack as a comedic writer, the dude is a barrel of laughs ! Serious talent is being missed with some of the one liners I read here.

Count your smiles.
tntea

50

United States
Member #5,344
June 30, 2004
23,639 Posts
Offline

Mar 17, 2007, 10:40 am

not sure what I would want.. I am having a time spending the Million in the math class... I have until May to complete the project...
I dont need a house.. nor a car...
A vacation.. .Yeah.... Yeah that is what I need... but the one I need doesn't cost a penny... hmmmmm

OLD/Vtrac Lottery Bible Double Warnings TN F34/F44
stephi

rural lowcountry, south carolina
United States
Member #31,676
February 2, 2006
196 Posts
Offline

Mar 17, 2007, 10:43 am

Give to the Lord, pay off my debts, give to my mother, pay a few bills for a friend or two, take two vacations, buy a doublewide and a piece of land, and save the rest.
tiggs95

United States
Member #47,419
November 4, 2006
3,930 Posts
Offline

Mar 17, 2007, 11:12 am

Fill my car up with the most exspenive gas....
tiggs95

United States
Member #47,419
November 4, 2006
3,930 Posts
Offline

Mar 17, 2007, 11:15 am

I meant expensive......
LOTTOMIKE

Tennessee
United States
Member #7,853
October 15, 2004
11,352 Posts
Offline

Mar 17, 2007, 4:24 pm

i'd buy a house,a couple cars and put the rest in the bank....
stavros

Florida
United States
Member #6,147
August 8, 2004
1,396 Posts
Offline

Mar 17, 2007, 4:29 pm

Pay off debts, buy a home, get a car, donate to church and charitable causes and bank the rest.

Good Luck!
Stavros
justxploring

Wandering Aimlessly
United States
Member #25,359
November 5, 2005
4,461 Posts
Offline

Mar 17, 2007, 4:33 pm

This is much simpler than "what would you do with a billion dollars?"
(1) Leave this area, buy a cozy home & furniture
(2) take care of some medical needs
(3) pay off debts
(4) help my sister
(5) give some money to a favorite charity
(6) put the rest away for retirement

So much has to do with where a person lives. If you don't already have a house, buying one in many places would use up most of the million. I'm not talking about a luxury home on the beach either.
lotterybraker

mississippi
United States
Member #34,477
March 3, 2006
6,070 Posts
Offline

Mar 17, 2007, 4:36 pm

Quote: Originally posted by pacattack05 on Mar 17, 2007
I'd first buy a porsche. Then I would start an aggressive advertising campaign on the best direct sales products on the internet. Probably in the healthcare industry. In the past 15 years, the vitamin, nutritional, and basic health conscience industry has exploded exponentially.
On the other hand, I might just blow it all on expensive guitars, equipment, a studio and write songs hoping atleast one of them would be a one hit wonder.
Help my sister with some cash.

Pacattack05...wow..let me say just one thing here pac...I love your choice on Cars..I want me a solid black one myself..lol..I better not be able to at least afford that..I WILL BUY ONE..lol..would waste that little bit of money if I won a jackpot..lol

"Attention all Mathematicians: Check your degree at the door because when it comes to whole numbers you are the Amateur"
four4me

MD
United States
Member #1,701
June 18, 2003
10,731 Posts
Offline

Mar 17, 2007, 4:55 pm

A million dollars sounds like a lot of money but it's not, if you do happen to win a mil be careful it won't last long especially the way things cost these days and will in the future. better keep your day job.
LuckyLilly

United States
Member #50,122
February 26, 2007
601 Posts
Offline

Mar 17, 2007, 5:07 pm

350K for a few acres and a very modest home
50K to furnish it and probably do a little landscaping (privacy fence/hedge )
25K for medical stuff
25K to take a friend to Europe for a month
25K for a new car
25K to charity
550K to invest (remainder of the million + 50k from selling my current home)
So even if I just put the 550K into a 5% passbook savings, I'll have an extra 27K per year. I would be extremely happy with that.
pigsNtrees

Mallorn trees of Lothlorien
United States
Member #26,083
November 14, 2005
199 Posts
Offline

Mar 17, 2007, 5:41 pm

First I would divide the money by ten years, that would leave me with a hundred thousand a year for ten years. The rest, at this point would be nine hundred thousand, I would put in CDs bills (are whatever they are called). The interest, I would but in a separate account or CD. Each year I would cash one in. Now if any money was left from the years allowance it would go into the account for the interest, only in an emergency would I dip into the next years allowance. Emergency not my wants. At the end of ten years I would dip into the interest and overflow account. By then I hope my needs would be smaller as I have had ten years to accumulate all my desires.
Now for the good stuff. Pay off all bills. Then I would buy a safe car like a Volvo. Nothing fancy just a car with a lot of airbags. Go on a nice vacation each year. Do some home repairs. Buy some new major appliances, like a, washer and dryer, and a big refrigerator.
I would do the same thing with a larger win, but would allow myself more money each year but with more years tacked on.

Quando Porca Volare!