What would you do...

Hookers and blow.

Either that, or play FFXI for 71,000 more months.
 
If had $1,000,0000 cash after taxes, I'd put $900,000 of it in a high yield savings account. Then I'd buy a 2008 Shelby GT500KR and live off the interest.

You realize if that bank fold you're only going to get 100,000 dollars right?

If I had 1,000,000 dollars? 1) My own car one that my knees aren't against the dashboard, but still not a gas guzzler 2) My own place 3) Lifetime gym membership 4) Transfer and pay for 4 years at a good 4 year university 5) Retirement fund
 
What the hell are you talking about 1 mil isnt that much anymore? You know how much it costs to live for a year for one person? Let's say 20k to be generous on average if you don't live extremely extravagent. So, 1 million/20 thousand = 50 years of easy living. And that's if you don't even invest any of it. You guys either a) smoke too much crack or b) spend way too much money

Anyways..if I had a million dollars I would...

1. Buy a car
2. a small house and 5ish acres of really pretty land in an awesome spot(WI)
3. Invest a few hundered grand to live off of and retire with
4. a 360/Ps3/nice tv/surround sound system
5. a giant pile of assorted drugs
6. an awesome computer
7. travel to some places
8. and finally pay off the $500 I owe Morgan County(my only debt)
 
Last edited:
You realize if that bank fold you're only going to get 100,000 dollars right?

If I had 1,000,000 dollars? 1) My own car one that my knees aren't against the dashboard, but still not a gas guzzler 2) My own place 3) Lifetime gym membership 4) Transfer and pay for 4 years at a good 4 year university 5) Retirement fund

Not if you are smart and put it in 10 different accounts. Each one will be backed.
 
Finish up school, buy a car, then bank the rest of it. I'm not in any need right now for all that money.
 
This is a nice conversation. Realia's right, the MegaMillions here was friggin ridiculous and I'd bought $40 worth of tickets >_>; Anyways.... lol

With only a million dollars, I think my choices would be easy. I'd pay off my debts, they're not that much compared to a million dollars but with what I make with the job I have its kinda daunting. I'd then have my car switched to my name, get some good insurance and pay the car off over a few months. I would pay off my parents debt, make a small account that'll build interest and label that 'gas money'. 10% would be invested for a retirement account and I would go back to my old job. Christmas time would be a fantastic event for both family and friends of mine :P
 
Hurray! Someone asks this question!
Lesse... Hum... If it was tax-free or after taxes that it was $1M...
I would say I'd use maybe about $150k to buy land and have a nice, five room house (not bedroom, but room) built on low-tax land (not bad land, just low tax). Using the other $850k, I would set $700k into a 10-year interest-bearing account. The other $120k would be used over a period of 10 years ($12k a year, carefully budgeted out). I would keep my job and use about $30k or so to get a bachelor's degree at a good university via online classes (if they cost that much), to get a much better job. After the 10 years and interest is paid off (tax-wise), I'd take out another $120k and wash-rinse-repeat. Let's say average interest rate is 3.00%, the interest would be a little over $244k in a period of ten years. Tax (if I did it right) would be about $123k. Leaves me with about $121k-ish. I believe I could essentially live off of the interest rate for the rest of my life. ^-^
Essentially, my life would be set if done just right. ^^; I'd go further into it, but nah. Mew!
 
I'd be sad that I'm about 90% away from being able to buy myself a spaceflight
 
First this I would do is take 200k down to the nearest Porsche dealership and walk out with an 08 Porsche GT2...

Then Id slap $700k into a high interest account, and put 100k in my own account for whatever the hell I wanted. Travel, gadgets, college bills, parties... anything. After that ran out, I'd use the interest to have fun when the time called for it.
 
You realize if that bank fold you're only going to get 100,000 dollars right?

If I had 1,000,000 dollars? 1) My own car one that my knees aren't against the dashboard, but still not a gas guzzler 2) My own place 3) Lifetime gym membership 4) Transfer and pay for 4 years at a good 4 year university 5) Retirement fund

This is not true. You can have up to $400,000 in FDIC insurance depending on how you style your accout and your beneficiaries.
 
1. Pay off my debt
2. Finish school
3. Buy a house in the wilderness
4. Continue writing while not being distracted by other trivial things
5. Buy reason number 6
 
Place all the money into a federal bond since I wouldn't have to pay taxes on the interest that I earned from those. Given the interest rate and whatnot, I could either live off of it, or work at a gaming store.

Or a brothel.

Or a strip club for gays.

Whatever works.
 
Not if you are smart and put it in 10 different accounts. Each one will be backed.

I've always said that too, but few people realize that their money is only insured for 100,000 dollars.
 
Hmm, good question.

I'd pay off my car for starters. Then pay off my credit card bill (which really isn't that much). After that, I'd probably move to where I want to live and buy a house there, nothing too big and fancy probably just a 2/3 bedroom, 2 bathroom home. Hmm, I'd definately have to have an indoor pool and jac..jaq..fff ..hot tub plus a workout room.

I would more than likely continue working as a c/o, but only be a part time employee. I just bought a 40" lcd tv and home theater system so I don't need another one any time soon. What I would probably do is buy some really good furniture for my house and the best, most comfortable bed ever.

I'd give my mom probably about 100k to do whatever she wanted with it, I know that would really help her out. I'd also probably stick about 300k into a savings account and let it build interest. I'd have to pick a really top notch bank though.

The rest, I really don't know about as I'm sure there would be plenty of left over money after that. I'd just live my life as usual and enjoy things while the money is still there. If it ever ran out, I'd still have a house and car that'd be fully paid for along with all my other things. All I'd have to do is just become a full time employee again. No real worries. After all, I'd still have that money in savings that had built interest, I'd be fine for the rest of my life.

Not to be selfish, but, I'm just not the charitable type of person. Perhaps if I found a charity that I really felt compelled to help, I'd lend some money. But it wouldn't be a huge amount of money. My money is my money after all.

I'm with some of the other people here, maybe One million isn't what it used to be, but it's still a hell of a lot of money. And unless your blowing money like it's water running out of the faucet, I don't see how a million couldn't last you most of, if not all of your natural life.

One thing you need to remember, whether you're wealthy or not, you should always keep some kind of job as a source of income. It's not like you have to work your heart out (though some people are just like that no matter what), just keep a steady source of work income to add onto what you'd already have, to ensure that the money you've gained doesn't dissapear. Also, you should just keep a job as a means of keeping active and think of it as having a back-up plan in case something should happen and one day you find yourself no longer living quite as comfortably as you had. With a job, you've still got some security, a way to make it in life.
 
Could not resist.

 
Again, this is false.

www.fdic.gov

If it is a SINGLE ACCOUNT you are only insured up to 100,000 dollars.

Joint accounts are insured up to how many people are in the joint account.

Certain IRAs are insured for more because IRAs are a retirement account and people who retire generally don't work so they need more money insured rather than someone that works.

So your bank account is only insured for 100,000 dollars this includes savings, checking, and CD are added together and only insured for 100,000 dollars.

Seriously if you're going to try to prove something read your source first.
 
1) Keep 400k available for when tax time comes around.
2) Pay off my house.
3) Put the rest in an interest bearing account.
4) Keep working and be less stressed.
5) Keep putting money in my 401k.
5) Actually take a minor trip somewhere once every year or two.
6) Buy a mid $20k vehicle every 8-10 years.

10 million I would retire and join Habitat 4 Humanities or something similar.
 
1. pay off my debts and my husbands debts
2. Buy a modest house, nothing huge, but certainly nice enough.
3. put the rest in a savings account
4. continue living life as always
 
Back
Top