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What would you do with $1,000,000?

Condo at 250K, 250K to my mother, father, and stepmother, 250K invested in mutual funds or random stocks, 250K in my PNC Bank account earning 1.75% while it remains completely liquid.

With that 250K, I'd probably buy:
-Another dog so my dog has another friend
-Although I like my new Accord Coupe, I'd trade it in and get a new M3
-Travel: Australia, Greece, Ireland, Bahamas, Hawaii, New Zealand, etc.
-A DSLR

I mean 1 million is not that much money, but at my age (23) it could go a looooong way.

With a condo paid for and expenses for a while, I'd get a part time job at a golf course, probably as a starter or ass't pro, to keep myself busy and continue on my journey to be a golf professional (not a pro, as in a pro of a certain course, but a pro, as in, touring professional)
 
wywern209 said:
meh. Harvard is over-rated. as the old adage goes. a pig in a dress is still a pig.
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Sound like someone has sour-grapes syndrome. Obviously, a mediocre student can get a similar education someplace else, but serious students judge a university by its graduate departments, where Harvard is at the very top in many subjects.
 
Bribe Verizon to get Fios out here in the middle of nowhere. That should just about use all of it.

Barring that, a new MacBook would be nice, plus Windows 7 for my netbook and my mom's computer. I'd then max out the RAM in every computer I use and my family's as well. Donate some to the church. And the rest would be saved.
 
Buy a tricked out 2010 Corvette - $90,000
Buy a 2010 Subaru Outback for practical driving - $40,000
Buy a Mac Pro with a lot of the options, 30" ACD - $8,000
Buy a small house in Saint Paul - $325,000
Pay for my foreign exchange - $15,000
Pay for college - $30,000
Buy my parents something nice - $10,000
Buy my brothers something nice - $10,000
Save the rest, or invest it.
 
Buy a Bentley Continental GT & use the rest to buy clothes/accessories, go on a luxury vacation for 3 weeks every year for 5 years, and buy a new array of Apple gear. :)
 
Buy a 2 bedroom in Manhattan for about 750k.

Put 175k in some kind of fund.

Use 25k to play around with on the stock market.

15k to decorate the condo.

The remaining 35k to buy a brand-spanking new Honda
CBR 600RR and the rest conveniently sitting in my bank-account. :D
 
$1,000,000 will certainly change my life. I will use that million dollar and make at least $10,000,000 in 5 years. Anyone wants to invest on me and split that $10 million?
 
ravenvii said:
Pay off all of my student loans and then look for the highest interest I can get in a bank.

I mean, if I could find somewhere that gives 10% interest, I'd get a cool $100,000 a year for doing nothing!
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if your million comes after taxes (if youre lucky) and you buy a decent house for around 600k that leaves 400k to put into a high yield savings earning 5% or more roughly grossing 20K a year after income taxes on the interest every year that leaves roughly 17K to cover utilities, food, upkeep on the property, property taxes, insurance, etc, etc, etc. that's a lot to keep track of so no matter how we do it we cannot avoid work. Besides you get a million bucks here in the US half of it is eaten away on taxes and banking fees.
 
I would start by putting a sizable amount in an IRA. Then, I would buy myself a nice single-family home, and rent it out until I could personally put it to use. I would also buy myself a late-model preowned luxury car, and put the rest in one or more high-yield savings accounts.
 
everyone is being so safe with their replies
it should be how will you spend the whole amount without saving or investing it
 
ghall said:
So, you randomly find a check for $1,000,000 in your name. You discover it's legit so you cash it in. What do you do with it?

....
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Well, I'm assuming I'm allowed to keep the check and there is no stop-check on it.

1. Pay for College (~$60,000 total)
2. Give parents ($200,000)
3. Buy myself a Mini Cooper S how I like it. ($40,000)
4. Buy a nice house ($200,000)
5. Finish buying the parts to my currently designed gaming computer ($3,500)
6. Give $20,000 to my every Saturday church.
7. The 80% of the left over $$$ go in into a Savings the 20% goes to a Checking.
 
Pay off both my parent's houses: $250,000.
Bank: $250,000.
College: $150,000.
Invest: $100,000.
Car: $75,000.
Buy my ultimate electronic setup: $50,000.
Random gifts: $25,000.

With the remaining $100,000 I'd probably just bank it I guess. Man I wish I had a million. Someday..
 
Pay off my parents house, Buy a house for myself. Pay off my car and my parents car, pay off my debts and their debts. bank half of the rest and invest the other half.
 
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