What Would You Do With Million $

13 years ago

Invest 70% in buying sites that already generate income and start up some new sites of course.

For the other 30% I would live like a king in some cheap warm country.

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obseerver Banned 13 years ago

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- Dave Patterson 13 years ago
  
  Originally Posted by obseerver
  
  I will buy 1 million acres of land.
  
  I'll take 27.63 acres of that RIGHT NOW!
  
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Sheryl Polomka

13 years ago

* I would pay off both my mortgages.
* I would buy another house
* I would by a new car

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SShip

13 years ago

I would:
1. Buy a new house.
2. Open a shake shop hangout for the kids in town as there is nothing for them to do in our area.
3. Take the family on a long vacation.

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Don Schenk

13 years ago

Let me do this backwards by saying what I would NOT do with it. I would not spend it on non-assets (depreciating "toys" that don't bring in additional income). Once the money is spent on non-assets, it is gone.

The idea is to use it to create more wealth, and the additonal income from it becomes spendable to a point. Some of the additional income must be saved to let the wealth to compound.

An asset is something that brings more income. A house you live in is not an asset. It "takes" money (taxes, upkeep, mortaged loan interest) without creating more income. Additional real estate used as rentals is an asset, because it brings in money to pay all the taxes and upkeep, plus gives you positive cash-flow even after paying the loans.

To spend the money on toys - boats, cars, hobbies, - makes the money "go away." To spend the money on education creates an asset provided, the education helps you bring in more money.

When you spend the money to purchase assets, your wealth increases. When you spend the money on toys, (unless they are collectables) makes your wealth decrease.

:-Don

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Dennis Gaskill

13 years ago

Originally Posted by Don Schenk

Let me do this backwards by saying what I would NOT do with it. I would not spend it on non-assets (depreciating "toys" that don't bring in additional income). Once the money is spent on non-assets, it is gone.

The idea is to use it to create more wealth, and the additonal income from it becomes spendable to a point. Some of the additional income must be saved to let the wealth to compound.

An asset is something that brings more income. A house you live in is not an asset. It "takes" money (taxes, upkeep, mortaged loan interest) without creating more income. Additional real estate used as rentals is an asset, because it brings in money to pay all the taxes and upkeep, plus gives you positive cash-flow even after paying the loans.

To spend the money on toys - boats, cars, hobbies, - makes the money "go away." To spend the money on education creates an asset provided, the education helps you bring in more money.

When you spend the money to purchase assets, your wealth increases. When you spend the money on toys, (unless they are collectables) makes your wealth decrease.

:-Don

Don, I agree with most of what you said, sort of ... a house can be an asset, even after you include property taxes and insurance. Of course, you have to buy at the right price, but still. I've made money on my homes. You have to spend money to live somewhere anyway.

I would invest most of it, but I'd also buy some toys. What's the point of building wealth if you don't enjoy some of it?

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SeoWizzard

13 years ago

Hmm.... I think I would do this:
30% Buy stuff for me and my family.
50% reinvest
20% hold in a savings account

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cameronwoods

13 years ago

1. I would buy me a nice house and car.. I earned it right?
2. Invest to some businesses and watch the money grow some more.
3. Have some project of my own. My very own businesses.

The remaining, I would split. 60% in the bank, the remaining would be for whatever to be used and I won't forget charity.

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Fazal Mayar

13 years ago

1. new house
2. a car? i dont know im a bad driver
3. charity
4. a limo driver LOL

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Bruce NewMedia

13 years ago

Since my bills are paid and I don't owe anyone, I would use it as follows:

I'd advertise to find people who were trying to start businesses and were desperately in need of seed money. I'd provide the seed capital, and only ask they repay when they could. You never know what great successes could come about as a result of that little help.
_____
Bruce

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JBorhez

12 years ago

Originally Posted by Bruce NewMedia

Since my bills are paid and I don't owe anyone, I would use it as follows:

I'd advertise to find people who were trying to start businesses and were desperately in need of seed money. I'd provide the seed capital, and only ask they repay when they could. You never know what great successes could come about as a result of that little help.
_____
Bruce

I like how you think. Give me a call when you win the lotto.

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loldongs 12 years ago

I'm managing ad campaigns for other businesses pretty successfully, so I'd just buy troubled businesses with solid fundamentals (excluding marketing), slap my campaigns on top and resell when the numbers improve.

Rinse and repeat.
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mjarel

13 years ago

I will go on world tour & do lots of shopping.

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Fazal Mayar 13 years ago

Originally Posted by mjarel

I will go on world tour & do lots of shopping.

me too....shopping.. i need a lots of that. Back to my im efforts.
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yukon

Banned 13 years ago

Invest $1 million in BIDU on April 19, 2011, then cash out on April 26,2011

The last quarterly report jumped about 8% on Feb 1, 2011, I think similar will happen again & would gross an extra $80k.

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Alexa Smith Banned 13 years ago

$1,000,000 isn't what it used to be. If you invest it all safely at a guaranteed 6% interest, it only produces $5,000 per month and the original investment's declining in value with inflation, too ... :p

I'd pay off my mortgage, anyway. Not sure about the rest.
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tentimes

13 years ago

I'd goto Vegas and put it on black.

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Alexa Smith Banned 13 years ago

Originally Posted by tentimes

I'd goto Vegas and put it on black.

There are people who do this, of course. That's one reason why buying stock in the companies who own the casinos is perhaps a wiser long-term investment? Although at the moment, I hear even they are not doing all that well there, given the overall economic climate ... :confused:
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anislagan

13 years ago

I'll buy real estate property in places where there is very little risk of downward trend. The rents would be enough to maintain my simple lifestyle.

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affilorama-portal

13 years ago

I would buy/build a small new house and/on a small farm, in preparation for retirement.

I would study for another university degree or to learn one or more other languages.

I would set aside generous amounts for my children's, and grandchildren's, education.

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talfighel

13 years ago

Originally Posted by The Niche Man

1. First 10% To My Church

I would do that too. Give 10% to charity.

Originally Posted by The Niche Man

2. Buy Home Closer to The Beach

I would never buy a home near the beach. I would be scared to face a tsunami. This can happen anywhere.

Originally Posted by The Niche Man

3. Pay Off Sons College Tuition.

Help family members. This is very important too.

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margauxmorgan

12 years ago

1.Invest
2.Invest
3.Enjoy!

money disappears in an instant, you should have a back up plan for everything

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hardraysnight

12 years ago

bad luck

would have come in handy for the karaka yearling sales

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MoneyMagnetMagnate

12 years ago

Take some and shoot for 10 million...

put away a stipend

Invest in people projects...

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myob 12 years ago

Before accepting it, consult a professional to advise you on distribution. In the US a lump sum distribution within the same year could make you liable for 40% or more in federal, state, and local income tax unless you have substantial deductibles in place. The best general option seems to invest it in real tangibles or in the equity markets.
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co17197

12 years ago

Since, I am materialistic........

Pay off debt,
Invest for retirement,
Purchase new toys,

From Rags --> To Riches --> To Rags.....

RDH

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Eric S

12 years ago

Invest it!

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mikelukjaniec

12 years ago

I'd keep it away from my wife, who'd give it all away to charity!

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Jonathan 2.0

Banned 12 years ago

Help my family and donate a lot to charity.

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bailbondsguys

12 years ago

I would first buy a house and invest the rest in a product retail business.

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jeppa123

12 years ago

Would do investments and a nice car

!

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vishalduggal

12 years ago

Buy thousands of "Think And Grow Rich" hardcover edition and donate it to all the school children.

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Jonathan 2.0 Banned 12 years ago

Originally Posted by vishalduggal

Buy thousands of "Think And Grow Rich" hardcover edition and donate it to all the school children.

Ha. That's a brilliant idea. : )
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Michael Ten

12 years ago

I'd save most of it. I'd travel some and buy a home.

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michael26a

12 years ago

1) Put it in the bank and live off the interest
2) Start an investment porfolio
3) Buy a profitable business

As you can see from my list, I'm very boring and sensible lol

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manderson84

12 years ago

I agree with Bruce,I would help some one who needs of money to start a business,I will take upto 60% of the money to me and my family the rest will save the best.

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Magento developer

12 years ago

I'll buy a separate house for my parents.
Spend few money for ashram

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theemperor

12 years ago

Invest in property mostly - firstly my own home and then some to rent. But I wouldn't buy the rental properties outright, probably put 50% down and let the rent pay the mortgage.

If this money was won then I would also give some money to family. If I had earned it the hard way then maybe not my first mill but the second one I may share.

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ImAdmirer

12 years ago

I'd give my $1 Million to 2 top Internet Marketers and do a Joint Venture with them splitting profits from whatever venture they start with it. They would be way smarter than me and turn $1 Million into $10 Million anyway.

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theemperor

12 years ago

Originally Posted by ImAdmirer

I'd give my $1 Million to 2 top Internet Marketers and do a Joint Venture with them splitting profits from whatever venture they start with it. They would be way smarter than me and turn $1 Million into $10 Million anyway.

Sounds incredibly risky... would you really do that? Easy way to lose your shirt especially if those gurus see a sucker coming.

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Robert Michael

12 years ago

I'd probably be doing the same things I do now.

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pow999

12 years ago

buy premium, generic domain names. biggest roi than anything on earth

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dgridley

12 years ago

I'd buy the empty lot behind my apt. complex and build a strip mall..

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TheWicker

12 years ago

I think this may be fun, but at the end you'll find out its a useless mind game.
The right question is where to invest money (in case you have such a sum of money)
My answer is renewable energy and "recycling" industry.

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xypoon

12 years ago

I will probably invest 50% of them in low profitable yet safe place for the sake of building a decent life standard. After I can live a decent life and not worry about the money(within normal limits of course) I will probably pay more attention to the things that really matter.

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JasonGrimes

12 years ago

70% invest.
30% play.

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jasssy23

12 years ago

15% to charity
30% to the business I want to start.
45% to saving
10% to whatever I want.

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scottsdaleins

12 years ago

invest it to create a mostly stable source of income. With that, you can eventually give away more $$ in the longer run (also better than just choosing a charity and giving away a lump of money). You can take more time to support a charity/cause over time.

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dunmo

12 years ago

My brother and I have this business idea on mind so first i would pay my tithe to the church which is a 10% of the money.The other money would be invested on the business and the rest i would have it sent to my parents for upkeep.

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noranorma101

12 years ago

Hi! If got $million first I than to God.And i spent 60% on the welfare of poor people.
and I will invest 40% in our business and generate more money.

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What Would You Do With Million $

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