What would you do with 1 million dollars+

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  1. Scott Mandrake profile image55
    Scott Mandrakeposted 9 years ago

    A recent thread mentioned giving every US citizen $1,000,000 as a possible solution to the current economic crisis.  I wonder, if by some chance you were given that amount of money, would it really make your life better

    Tell me what you would do with 1 million dollars.

    Scott

    1. t.keeley profile image84
      t.keeleyposted 9 years agoin reply to this

      Pay off every cent of debt, move to Ireland, and live a life as a musician simply lovign every simple little day.

  2. ngureco profile image82
    ngurecoposted 9 years ago

    Certainly, yes. My life would change completely if I was given $ one million but only if the other citizens are not given the money.

    1. Scott Mandrake profile image55
      Scott Mandrakeposted 9 years agoin reply to this

      This does bring up an interesting point.  There is a big difference between being the only one you know with 1 million and being one of many.  Many of the traditional problems such as jealous family, friends and neighbors will not apply.  That being said, imagine the possibilities of family members combining their fortunes to increase investment yields and the the like. 

      Scott

      1. ngureco profile image82
        ngurecoposted 9 years agoin reply to this

        It’s only natural to assume that if each one of us was given $1 million, the highways would be jammed bumper-to-bumper with chauffeured limousines, but in the real sense this may not be so as a cup of coffee would now cost $1000.

        If I was one of the few who is given the $1 million, then I would try and uplift the living standards of my friends, neighbors and the community where I come from.

        I would particularly be interested in funding a programme that would help the society plan/control the size of families. Most problems in every society are directly proportional to the size of families. With small manageable family size, then family members can be able to combine their fortunes to increase investment successfully.

  3. DonnaCSmith profile image88
    DonnaCSmithposted 9 years ago

    I would just make sure I had a place to live the rest of my life without being a burden on anyone.

  4. dineane profile image82
    dineaneposted 9 years ago

    I'd do that too :-)

    And since you like where you live right now, it wouldn't even take all of the money!

    Happy New Year - I'll let you know if I win the lottery - I think that's more realistic than expecting that check from the government!

  5. profile image0
    pgrundyposted 9 years ago

    I'd pay off my mortgage and my credit card debt and build a pole barn for my better half to putter around in. I'd put enough by so that he could retire early (like, now). I'd buy a small commercial building and open a New Age shop near the college campus here.

    It would definitely make a difference in my life. But I'm not holding my breath for it to happen! smile

  6. Pest profile image78
    Pestposted 9 years ago

    I would find a way to be in a position to give to less fortunate people for the rest of my life.

  7. Misha profile image72
    Mishaposted 9 years ago

    Put them on several bank accounts in different countries, and under my mattress big_smile

  8. profile image54
    panah100posted 9 years ago

    Assuming after-tax. I would keep $100K in a bank account to pay for my expenses for a year or two. Invest the rest in startups or start my own business. $1 M is not going to change your life dramatically, considering that you can't even buy a decent house with that money in a good area.

    The lazy way to do it would be to put it in Mutual funds or bank and try to get 5% back every year, but that's not really exciting, is it?

  9. gamergirl profile image60
    gamergirlposted 9 years ago

    One million dollars most certainly CAN buy me a house in a good area here where I live.  I have a fantastic 1700 square foot house.  It may be small, but I loooove it.  I would pay the mortgage off (100k remaining) and set up an account from which the government would receive my property taxes each year for the next decade or so.  I would also pay off my mother's mortgage (technically I'd buy the house from her and let her live there rent free.)

    I'd get a proper fence built in my back yard so I could let my puppy run around free without worry.

    I'd get the surgery I've wanted/needed on my eyes so that both my eyes would be straight (I have lazy eye in both eyes. sad)

    I'd squirrel a large chunk of money away for my retirement, and I would keep my job - but would buy a car and hire a driver.  Any remaining money I would send half of it to Child's Play (a charity organization that gives kids in hospitals game consoles and games and stuff) and go on a shopping spree. big_smile

  10. ngureco profile image82
    ngurecoposted 9 years ago

    Or perhaps I would invest my $1 million in the stock market.

  11. AEvans profile image78
    AEvansposted 9 years ago

    If I had a million dollars I would give 10% to a friend of ours to help him with his church.
    I would have a place where the homeless would feel comfortable and could get back on their feet, I would pay off all of our debt since mortgage,vehicles etc. , put money away for our son's college fund and we would all take a trip to somewhere exctiting and the rest would be our rainy day fund so that we would never have to struggle again. I would however not quit my job as I love what I do.

  12. profile image0
    Leta Sposted 9 years ago

    One million doesn't go as far as one thinks it would, especially in some areas!

    But I would invest in real estate, buy a '79 or '80 Mercedes convertible, open an art gallery, a publishing house, a cool restaurant, make the money grow, travel a lot, paint, write, work only part time, give more $$ to charities.  !!

    I can see it now! 

    Oh, well...  More than likely I'll have to figure out some other way.

  13. Sally's Trove profile image78
    Sally's Troveposted 9 years ago

    Anyone remember the late 1950s "The Millionaire" TV series?  That's when a million dollars meant a life-long fortune.

    http://en.wikipedia.org/wiki/The_Millionaire

    Actually, I'm looking for the 380 million dollar payout on PowerBall.  With that, I'd set up a charitable foundation which would employ a lot of people and benefit a lot of people, sort of like the Gates foundation, only smaller.

    In the absence of that fortune, I'd invest the one million in a growth business, handle my personal needs from there, and work at that 380 million goal.

    Ahhh!  Nice dreams.

  14. Waggy profile image49
    Waggyposted 9 years ago

    Live mortgage free in a house that uses only renewable (free) energy for the rest of my days...

  15. profile image60
    FAP Turbo Resultsposted 9 years ago

    I would take the $1M and use it to trade on the forex market, therefore earning $600k a month smile

    1. Mark Knowles profile image60
      Mark Knowlesposted 9 years agoin reply to this

      Not very bright are you?

      If the BS in your hub was even half true, you would already be a multi-millionaire with no need to think about spending time trying to con people into forex trading. big_smile

  16. Screagle profile image58
    Screagleposted 9 years ago

    Easy.  I'd spend $250K on a house, and buy a 10 unit apartment complex, complete with property manager, and then hub full time.

  17. TravelMonkey profile image57
    TravelMonkeyposted 9 years ago

    Have a bath in all the notes smile

  18. ocbill profile image58
    ocbillposted 9 years ago

    Yeah, pay off "some mortgage" not all, some bank accounts overseas, donations/charities of course, and put something into the infrastructure, I'll go more green (environmental talk)

 
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