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What would you do with $1,000,000?
- Thread starter ghall
- Start date
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PowerFullMac
macrumors 601
A million pounds gets more than a million dollars 😀
In fact, a million dollars is half a million pounds.
gothiquegirrl
macrumors regular
First, i'd give some money to family as needed- about 20,000.
Second, I'd spend 20,000 on fun stuff.
Lastly, I'd set the rest up in a way I could earn interest and live off of that ( for the most part ) for the rest of my life.
Second, I'd spend 20,000 on fun stuff.
Lastly, I'd set the rest up in a way I could earn interest and live off of that ( for the most part ) for the rest of my life.
Invest, Start a business, Pay off debts
I remember doing this in a class a while ago, we had to setup a very intricate plan. my plan was the exact same but involved so much finance & investments, taxes, ect oh I wish it was true
I remember doing this in a class a while ago, we had to setup a very intricate plan. my plan was the exact same but involved so much finance & investments, taxes, ect oh I wish it was true
techlover828
macrumors 68020
-set aside fund for future house ($500,000)
-tricked out BMW 760Li ($125,000)
-8-core mac pro with all the trimmings ($15,000)
-2 30" ACDs ($3,600)
-1.8GHz MBA with SSD ($3,500)
-2.6 GHz hi-res 17" MBP ($4,000)
-2 Blackbooks for brother and sister ($3,600)
split between donating a investing (the rest)
-tricked out BMW 760Li ($125,000)
-8-core mac pro with all the trimmings ($15,000)
-2 30" ACDs ($3,600)
-1.8GHz MBA with SSD ($3,500)
-2.6 GHz hi-res 17" MBP ($4,000)
-2 Blackbooks for brother and sister ($3,600)
split between donating a investing (the rest)
ibookos9
macrumors member
HUGE Maccollection ( every mac ever made)
New HUGE House
Dodge Viper
Pontiac Trans am 2009 ( for my dad if they make them)
Dodge Charger SRT 8 (for my mom)
Hp Elite
72 inch LCD TV (maybe 10 of those)
Digital cable
And Mac Pro to be my main computer (fully loaded)
i dont know what to do with the rest i would not donate it
brasscat
macrumors 6502
Invest it until you want to retire, then live off the interest. One should be able to squeeze 70K a year off interest without any skills, more if you have investing skills. So if you invest it, let it grow a little (5-10 years) you should have an idea as to how much interest 1M would generate based on your investment strategy. Then live happily ever after on that.
OR you have dump it all in Apple stock, wait a couple years, then sell out your position. Live on that.
OR you could buy about 550 Macbook Airs, have a few spares lying around for backup. 😛
OR you have dump it all in Apple stock, wait a couple years, then sell out your position. Live on that.
OR you could buy about 550 Macbook Airs, have a few spares lying around for backup. 😛
jalagl
macrumors 6502a
First, I would spend a small percentage on toys:
- Macbook Pro ($2,500)
- Home Server with large amounts of storage ($2,500)
- Entertainment Center - LCD TV, HTPC, PS3, nice speakers, etc ($4,000)
- A new Car ($35,000)
- A nice vacation abroad ($6.000)
Then I would distribute rest as follows:
$100,000: Buy a nice apartment and pay off a mortgage I have on a lot
$100,000 or more over several years: Invest in my family's small business (and get heavily involved in it)
And invest the remaining $750,000 in a diversified portfolio, with no more than 20% of the amount in a single investment.
- Macbook Pro ($2,500)
- Home Server with large amounts of storage ($2,500)
- Entertainment Center - LCD TV, HTPC, PS3, nice speakers, etc ($4,000)
- A new Car ($35,000)
- A nice vacation abroad ($6.000)
Then I would distribute rest as follows:
$100,000: Buy a nice apartment and pay off a mortgage I have on a lot
$100,000 or more over several years: Invest in my family's small business (and get heavily involved in it)
And invest the remaining $750,000 in a diversified portfolio, with no more than 20% of the amount in a single investment.
maestro55
macrumors 68030
This is easy, if I broke it up in $250,000 chunks:
The first $250,000 could purchase a house here and furnish it and such.
The second $250,000 would buy myself a new vehicle with an awesome mobile amateur radio set-up inside along with giving me some spending cash to buy some toys that I wanted.
The third chunk would pay of school and what was left from that I would invest in the stock market and give to charity.
The last chunk would go into savings.
The first $250,000 could purchase a house here and furnish it and such.
The second $250,000 would buy myself a new vehicle with an awesome mobile amateur radio set-up inside along with giving me some spending cash to buy some toys that I wanted.
The third chunk would pay of school and what was left from that I would invest in the stock market and give to charity.
The last chunk would go into savings.
$1,000,000.
If this could ever happen I would fix my house to make room for my kids and buy them some cloths and shoes fix my car so that i could go to work and take care of them. then whatever was left over i would help another family out in need cause I know what they are going through 🙁
If this could ever happen I would fix my house to make room for my kids and buy them some cloths and shoes fix my car so that i could go to work and take care of them. then whatever was left over i would help another family out in need cause I know what they are going through 🙁
start a volunteer run youth center in a developing nation that teaches kids art (music,dance,painting,etc)
macbarton
macrumors newbie
I would buy a iPhone just like the one I deep sixed off the boat I work on in the FL Keys (hey dudes visit the Keys, business is in the tank) I went to replace it, thats when I found out I needed a million $ to replace it.woh dude they don't give them away.
Bummer dude,
Bummer dude,
I'd buy a couple Tim Hortons or Starbucks franchises, I figure those are both a license to print money. Then live off that occasionally investing in a new franchise in small towns.
Immediately though i'd buy a fast car and put money aside so i don't have to work while im going through university..
Immediately though i'd buy a fast car and put money aside so i don't have to work while im going through university..
IntheNet
macrumors regular
Donate half of it towards cure for MS the other half for me and my darlin to live off of until such a cure is found--I wouldn't want her to continue working if I could help it.
gibbz
macrumors 68030
As a Democrat, I would like you to do that. A guaranteed win for the Dems aided by your $1 million. 🙂
I'd pay off student loans and pocket the rest for later.
doubleohseven
macrumors 6502a
- Waterfront Apartment on the Gold Coast, Australia: est. $650 000
- Top of the range, 2008 Nissan 350z convertible in Silver: $75 000
- Lots of Clothes... who knows how much that will cost 😉
- Trip around the world once I finish school in 2011: around $25 000
- Money to cover my University courses: around $60 000
- Investments in companies: about $3000
- iPhone 3GS 32GB: around $2000 over two years on one of the top of the range plans
- Top of the range Mac Pro 😎 : $28 000 last time I checked.
Bank the rest. 🙂
- Top of the range, 2008 Nissan 350z convertible in Silver: $75 000
- Lots of Clothes... who knows how much that will cost 😉
- Trip around the world once I finish school in 2011: around $25 000
- Money to cover my University courses: around $60 000
- Investments in companies: about $3000
- iPhone 3GS 32GB: around $2000 over two years on one of the top of the range plans
- Top of the range Mac Pro 😎 : $28 000 last time I checked.
Bank the rest. 🙂
