What I would do if I won a million dollars. How about you?
Some questions get you thinking about what is possible in life. The question, "If you won a million pounds, what would you do with it?!" is such a question.
If I were to win a million dollars, the first thing I would have to do is just sit on it. I can think of a few hundred things that I would like to buy (right away)! But, to make sure I do not just spend, spend, spend; I would need to let the fact set into my head, that I just won a large sum of money.
While I am just letting the money sit in the bank for those first several weeks, I would make a list of the things I would want, need, and desired. Then I would review that list and make any changes to it that I felt needed changing. If the list was too out of control (meaning that it looked like I wanted to spend the entire million in a few weeks or days), I would tear up the list and start over again. This is why I would sit on the money first.
By the fourth of fifth week, the idea of me having a million dollars would be old news. I would get comfortable with the idea of having that amount of money, which means it is now time to really start looking at spending some of it.
The first thing I would do is to get completely out of debt. That would not take much money at all. Imagine ... no bills.
Next, I would probably move to some place warmer. A million dollars is not enough money to move to Hawaii, but I could easily move to Florida or California. I would donate some of the money to a favorite charity of mine (I have several). After doing the above things, I think I would have only spent about 10% of the million dollars. That means I would have enough money to chase after my real dream. I have plenty of ideas for inventing things, so I would create a small lab/workshop where I could work (part-time) in creating some of my ideas.
The work area that I would create would cost between $20,000 to $35,000 and would require no more room than a large bedroom. In it, I would have two computers, one 3D printer (to test out my designs), and one 3D scanner. It would be awesome. I would spend every Monday, Wednesday, and Thursday night, plus some weekends working in it. I still want a life, so I would not lock myself in the work-area; but rather, dedicate some time to accomplish my design goals.
What Would You Do With a Million Dollars?
I would set aside about $50,000 for unexpected expenses; and with the rest of the money, I would probably invest in low interest CDs. I would take a vacation, but nothing to extravagant. I have had the opportunity to visit a number of different countries around the world during my time in the U.S. Navy.
I love traveling and there are a number of things to see in the U.S., so I would also get a new car to take some road adventure vacations from three to five days, to a couple of weeks depending on the location.
Sometimes, it's nice to dream.