A. Never, Ever let anyone know I have a million dollars.
Folks in my family have been killed for less, Heck I even turned in a first cousin for the reward. I didn't like him anyway.
B. Put it in the most stable type of trust fund possible and live off the 60K in intrest for the rest of my life.
C. Take my vacations instead of cashing in the time.
A. Never, Ever let anyone know I have a million dollars.
Folks in my family have been killed for less, Heck I even turned in a first cousin for the reward. I didn't like him anyway.
B. Put it in the most stable type of trust fund possible and live off the 60K in intrest for the rest of my life.
C. Take my vacations instead of cashing in the time.
wow....
Okay, I would do B, but that is about it. I would certainly go back to school and get several degrees. Probably publish Freehold! on my own dime. Depending on how success my investment banking is, i would certainly buy the dungeons and dragons property from hasbro and sell it to Paizo at a significant loss.
Put it in a stable fund and live off the interest. My new "job" would be gaming. It would be epic.
RPG Superstar 2013 Top 32
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If I had $1,000,000:
1.) Pay off ALL of my outstanding debt = ~$14,000
2.) Buy, in cash, a modest but spacious house in the local suburbs = ~$250,000
3.) Buy, in cash, my dream car (BMW 550i) = ~$65,000
4.) Invest the remainder @ 5% interest (or better if I can find it) = $671,000 = $33,500/yr. in interest
5.) Continue working my current job.
6.) Live the good life.
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As the Question asks...what would you do with a million dollars?
Hmmm... oh yeah, that question was asked on the rpg.net forums, it basically came to the consensus that a million was not enough this day and age since most would just save the money and probably invest, and pay off bills. They had to make a new one where one had 'One Trillion Dollars' (mwaahahahaha) and then asked what people would do with it, any sort of illogical, diabolical, and other fun plans.
Put it in the bank, keep working, and hope it will be enough of a disaster buffer. A million dollars isn't what it used to be.
Maybe move into a bigger apartment.
I'd get some sharks with frickin' laser beams.
A million isn't what it used to be is true. However, If invested properly It's enough to have an Upper-middle class lifestyle without havign to work. It's not enough for anything extravagant for very long, but I certainly wouldnt complain if it fell in my lap.
Now, a billion dollars is where the "i'd buy France" dreams come into play.
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I would probably buy a nice condo, maybe a new car, and invest the rest. Remember, if you win the $1 million, you'll need about $330,000 set aside to pay the taxes on it next year in the US. Invest the money right off to offset as much of that as possible, I guess. Maximum goes into retirement accounts for tax advantages.
bathe in is, sleep on it, invite beautiful women to sleep on it with me...um...have I missed anything here?
Pay off my loan debts, immediate family debts, donate 5% to my University (specifically to help renovate a particular building), pay 10% in tithe.
Invest the rest in a stable way to try and live off what's left.
Might open up a hobby shop though... I must spread Pathfinder to the rest of the world!
Might open up a hobby shop though... I must spread Pathfinder to the rest of the world!
I thought about that as something for me to do daily. Though I wouldn't need to make much I would want the business to at least support itself. With what I presume rent/purchasing a space in Midtown Atlanta (where I live) I doubt It would be anything more than a very entertaining money pit.
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One Day – $109.59
One Month – $3,333.33
One Year – $40,741.54
Five Years – $220,996.59
Ten Years – $490,832.68
Twenty Years – $1,222,582.09
So say you leave it in for a year, you get an extra $40 thousand, from interest alone. Well that is not enough to have a work free lifestyle that is middle class.
Investment is always an option, inflation almost forces you to invest since while in 20 years you double your million inflation cuts your spending power in half at the same time.
I think I would also not tell a soul, spend about a half of it on what ever is needed and then invest the rest, while I would stay working.
Now 4 million, I would quit and be a beach bum.
I'd give the money away...to you. Yes, YOU.
As the Question asks...what would you do with a million dollars?
I would buy 10,000 shares of IWN.
And spend the rest on stuff. Mostly frivolous stuff. Like games.
It's not the money, per se. It's the freedom.
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Bella Sara Charter Superscriber
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You can't split up the purchases - that ruins the purity of the vision.
I'm willing to share the tacos, but I must personally consume all 333,333 cups of coffee myself in a span of no more than 24 hours. It's my understanding, based upon certain science-based programs, that 100 cups of $3 per cup coffee will provide you with super speed for a period of approximately 30 seconds. I figure that upping that to 333,333 cups will provide me with even greater super speed.
Science, baby. Science.
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Bella Sara Charter Superscriber
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Either I would buy 1m tacos or 333,333 cups of coffee.Not 500,000 Tacos and wash it down with 166,666 cups of overpriced burnt water?
Edited for correctness.
My response to you is the same as to all others who don't drink coffee:
What are you, six years old?
Also, I don't think you can burn water. I'm pretty sure that's called steam. I understand Neptune makes the best steam, but you are correct that it is overpriced.
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Either I would buy 1m tacos or 333,333 cups of coffee.Not 500,000 Tacos and wash it down with 166,666 cups of overpriced burnt water?
Edited for correctness.
My response to you is the same as to all others who don't drink coffee:
What are you, six years old?
Also, I don't think you can burn water. I'm pretty sure that's called steam. I understand Neptune makes the best steam, but you are correct that it is overpriced.
I wont pay $3 a cup to vomit.
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You can't split up the purchases - that ruins the purity of the vision.
I'm willing to share the tacos, but I must personally consume all 333,333 cups of coffee myself in a span of no more than 24 hours. It's my understanding, based upon certain science-based programs, that 100 cups of $3 per cup coffee will provide you with super speed for a period of approximately 30 seconds. I figure that upping that to 333,333 cups will provide me with even greater super speed.
Science, baby. Science.
I think I would buy Sebastian 333,333 cups of coffee and watch him drink it in a 24 hour period. All in the name of science.
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I'd put it in the bank and keep living the same life I have been.
Most lottery winners end up poor again within a few years. The ones that don't are the ones that maintain the lifestyle they were living before winning the money. Spend more than you earn, and that windfall will be gone before you know it.
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From "Office Space"
Peter Gibbons: What would you do if you had a million dollars?
Lawrence: I'll tell you what I'd do, man: two chicks at the same time, man.
Peter Gibbons: That's it? If you had a million dollars, you'd do two chicks at the same time?
Lawrence: Damn straight. I always wanted to do that, man. And I think if I were a millionaire I could hook that up, too; 'cause chicks dig dudes with money.
Peter Gibbons: Well, not all chicks.
Lawrence: Well, the type of chicks that'd double up on a dude like me do.
I would give it back. Because no one would be willing to give me a million dollars to do anything I would ever want to do.
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Buy an annuity that will pay my wife and I $4,100/ month for the rest of our lives (whoever lives longer) (Based on current rates).
Never ever work another day at a job I don't enjoy again (fortunately I like my current job). Ride my bike more. Spend more time with the people I love.
About the only big unknown with that kind of income for me is healthcare.
@Kirth I'd do a lot of questionable things for $1m so long as they didn't hurt other people (or result in permanent life issues) ;)
Quarter of a million for me, to pay off the mortgage and get a cool 100,000 into the bank for future emergencies.
50,000 to each of my younger cousins, so they can get a decent deposit for their own homes (market was/is murder in Australia right now) or some other useful thing. If they spend it on crap I will do horrible things to them.
Give 200,000 to my favourite charities.
put aside the remaining 350,000 into a fund I can't touch till I'm 40, then reinvest if I don't need it.
As the Question asks...what would you do with a million dollars?
The first thing I'd do is pay taxes on it. Income is income.
That done I would skim a few thousand off the top to pay off some family debts and take my mother to Europe like I promised and haven't been able to do.
I'd probably buy a new computer.
The rest gets separated into say a 10k contingency fund and the main bulk goes into some kind of minimal risk investment that pumps out a decent return given the size of the principal.
Oh, and I'd go back to college at a real school.
Contributor, RPG Superstar 2012
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And I won't pay $100 for a nosebleed, but the sweet, sweet, high that comes with the nosebleed is worth it...
And thank you for the taco.
As for me?
If I had a million dollars, I'd buy you a green dress.
** spoiler omitted **
Linkified.
Pay off bills, set up college funds for my nephews, finally get a doctor checkup, fix up the car, and go back to college.
Also, probably get a nose job (that's not code/innuendo, I just really hate my nose).
Edit: Or supply Sebastian with thousands of espressos.
I would give 10k to 38 degrees, to support out effort to protect the NHS from the ravages of the con-dem'ed.
I'd use set aside 200k to build "hilltop", my dream home, which I have been planning for about a decade. And I would fund my uncle to build his home as well. Since my family already owns both plots of land, all the money goes on building costs.
The remaining money would go into the best ISA I could find.
I'll continue to work(I'd kind of have to anyway.)