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Two days ago I got the question "What would you do if you won a million dollar?". Now, I've got that question several times before, but this time was rather different. I've usually had no problems thinking of things I would do if I won 1 million dollars.
The only things I could think of that I would do, is put 100k-200k in to a savings account for when I'm 65 and retire. Kind of a future investment so that I can live a happy life when I'm old. However, I can't for the life of me think of something I would do with the remaining money. Because, quite honestly, I'm happy with the life I live. I also can't think of a lot of things I would buy with the money. Sure, I could buy a fancy car etc. But are those things I really want and/or need? Thus, I came to the conclusion that I would probably donate it to charity. The reason being charity could put the money to much better use then I ever could. They could do something to change the future for the better, which I alone would have a much harder time doing.
Spending the money to buy things would provide oneself with a large temporary boost of happiness, that would most likely wear off once the money is gone. At this point, the way I see it, one of two things can happen.
1) You go back to your normal life that you lived before, with the exception of a few extra things.
2) You become less happy then you were before because the money is gone, and there's still so many things you want.
The way I see it, donating the money to charity, at least for me (although opinion could change when you actually DO win 1 million dollar, but the way I feel right now), would result in a third option, being live my life the way I did before, with a permanent boost in spirits due to possibly having made a small difference in the future for the better. While it could be a very small difference due to the money they make every year, its still a small change. Besides, those remaining 800k could save someone's life if donated to, say, a child health foundation, which not only makes the kid himself/herself happy, but his/her family too. I would sleep much better at night if I donated the money towards, say, someones costly medical bill, then worrying if my new car's going to get stolen overnight.
So my question is, what would you do with one million dollar? Would you take the same route I (possibly) would, or would you spend it on things to provide yourself with happiness?
The only things I could think of that I would do, is put 100k-200k in to a savings account for when I'm 65 and retire. Kind of a future investment so that I can live a happy life when I'm old. However, I can't for the life of me think of something I would do with the remaining money. Because, quite honestly, I'm happy with the life I live. I also can't think of a lot of things I would buy with the money. Sure, I could buy a fancy car etc. But are those things I really want and/or need? Thus, I came to the conclusion that I would probably donate it to charity. The reason being charity could put the money to much better use then I ever could. They could do something to change the future for the better, which I alone would have a much harder time doing.
Spending the money to buy things would provide oneself with a large temporary boost of happiness, that would most likely wear off once the money is gone. At this point, the way I see it, one of two things can happen.
1) You go back to your normal life that you lived before, with the exception of a few extra things.
2) You become less happy then you were before because the money is gone, and there's still so many things you want.
The way I see it, donating the money to charity, at least for me (although opinion could change when you actually DO win 1 million dollar, but the way I feel right now), would result in a third option, being live my life the way I did before, with a permanent boost in spirits due to possibly having made a small difference in the future for the better. While it could be a very small difference due to the money they make every year, its still a small change. Besides, those remaining 800k could save someone's life if donated to, say, a child health foundation, which not only makes the kid himself/herself happy, but his/her family too. I would sleep much better at night if I donated the money towards, say, someones costly medical bill, then worrying if my new car's going to get stolen overnight.
So my question is, what would you do with one million dollar? Would you take the same route I (possibly) would, or would you spend it on things to provide yourself with happiness?