If I won 1 million my life would change forever. First, I would pay off any bills that I owe and my family debts. Second, I would organize a foundation for children awaiting cardiac surgery. The money in this foundation would be available to help families that traveled for their child consultation for cardiac surgery. Third, I would start a few businesses to generate money and invest. Last, I would financially help people in my circle that have always supported my endeavors to reduce their immediate obligations. It is important to consider that 1 million dollars won't go far after taxes. Therefore, making wise investments would be pertinent to generate long-term revenue.
If won 1 million dollars I would use the money very wisely. The first thing I would do is pay off my college tuition. Once I finish school and get my certification, I would open up my own physical therapy practice with in my community.
After winning a million dollars (after taxes were taken), I would pay off all of my debts. Next, I would ask my critically ill mother, if there was anything she would like to have or do before she was called to the Lord. Once all of her needs and wants were met, I would invest 75% of the remainder. This would help with my future retirement. Finally, I would donate the remaining 25% to a local church to use as they saw fit.
If I won a million dollars, there are so many things I'd like to do. Paying off all of my loans and debts would be the first thing I would do. The next thing I would do is try to improve my parents' quality of life by whatever means necessary. Helping them out would be the least I could do after all the ways they have taken care of me over the years. I've always wanted to travel, therefore I would most certainly use some money to make that happen. Finally, I believe that I would save the remainder for a retirement fund.
I would of course pay off all debt. I would help all of my children get out of debt, even though there is not really that much against us, collectively. I would map out a plan to use the money as a money making opportunity, as is it takes money to make money. Maybe build some Airbnb's to rent out or some tangible wealth creator. I would take my wife to costal Spain or Croatia, she loves the beach and I love the culture. By then we would be out of money because a million would not go far these days.
If I won 1 million dollars I would first pay off my parents house, then buy off all their cars and other things they own as well as their student loans if they had any. The next thing I would pay for is all my schooling, and I would set enough aside for the future. Then I would put at least $250k aside for my retirement. Then the remaining except for about $2k I would put in my general savings.
If I won a million dollars the first thing I would do is pay off my mom, dads, and gmas debt. They have worked so hard and done so much to help me make it where I am and that is the least I could do. I want them to be able to not have any worries before I spend any of the money on what I want. After doing that, my dream has always been to open a non profit animal rescue. I want to have a place where anyone can drop off animals they don't want instead of abandoning them. I have always had a soft spot for animals and I have always been the person to rescue every stray. So that is what I would want to do with most of the money.
If I won a million dollars the first thing I would do would be to pay off the debts of myself and and my sister. My parents don't have debt at all. Second I would invest $300k into real estate, stocks, bonds, and other money saving techniques such as legally being able to stop paying taxes like most wealthy people do. With the next $700k I would probably buy myself a house and reasonable amount of vehicles. With the remaining $200k I would probably buy and lease properties in different countries. Being able to make money in different countries is very important if you want to travel. Checking up on the business that you own in a different country would give you a reason to visit the country and also would be easier financially because you will not have to use your own money and convert it into the currency of the place you will be visiting. Unfortunately, one million dollars in today's climate is not much. I believe in using the money that was given for free and make 10x more so than instead of just leaning on one million I will be able to have ten million. Pretty much rinse and repeat to keep making more money. The wealthiest people in the world have been using these strategies since the dawn of commerce.
If I won 1 million dollars, I wouldn't tell anyone. Money changes people, some to the bad. First of all, I'd pay the taxes on it. Then, I would set up trust funds for my 2 nephews and 1 niece at $100,000 each which would be invested and they would get a monthly stipend. I would donate $10,000 to 10 of my favorite charities, including local homeless shelters, local foodbanks, library, ILC for people with disabilities. I would donate $50,000 to MTC for scholarships for students that need funds. $50,000 to my sister and $50,000 to my brother. The remaining would be set up as a fund for my boyfriend. This would all be accessible after I die.
If I won 1 million dollars, I would pay off everything I owe first. I would buy land and start a little commune for my family and all of our close friends. I would donate or try and create the best resources for children and victims of abuse. I would help my family and help as many people struggling as I could.
If I won 1 million dollars I would first give half of it to my boyfriend. He’s very kind and has always been there for me even during my darkest moments. He’s been working on his fashion brand for seven years now and I’d like to help him achieve his dreams and take some of the load off of him. He deserves it. Next, I would split $300,000 three ways between my mom, dad, and sister. My mom would get it because she’s always helped everyone financial and deserves it more than anyone to use on herself, my dad for medical bills and living expenses, and my sister to help with her three babies. I would give my other sister $50,000 to put towards her baby that is on the way and just to take a little time off from the military and rest. The other $150,000 I would put back and also use to get more kitties and pamper them.
If I won 1 million dollars, I would first pay off any debt and invest my money into stocks. After that, I would pay my mothers house and cars off and help her with any debt she has. Lastly, I would put money to the side for my baby brother, so if he decides to go to college, he won't have to worry about going into debt. If there is any money left over, some would go into in my savings and the rest would go into different fundraisers.
If I won 1 million dollars, I would invest in my and my family's education. I would use the money to start a scholarship fund and invest in a new business venture to create opportunities for myself and have generational wealth. Paying off outstanding debts like student loans or credit card bills, paying them off can relieve financial stress and allow me more freedom. Investing in real estate to grow wealth while providing housing for myself and my family. Then, I would use some money to explore new parts of the world, learn about different cultures and gain new experiences.
If I have 1 million dollars, I would use it wisely. In my country, I used to have a monthly salary of 400 dollars and I thought it was a lot already. So having 1 million dollars would just be unimaginable! But to answer the question, I will use it help my ministry back in my home country. I will help my siblings to build their own houses. I will also set aside some money for my nieces' and nephews' education. I will give my parents the best healthcare they could receive back home. I will give some to alma mater when I was in elementary and use some to help the people below poverty line. I would most likely have an scholarship foundation in my country since the cost of education there is not as expensive as here. The rest of the money I will put in the bank and I will use it to invest. Then, I will still continue to work hard since money doesn't grow on trees.
If I won 1 million dollars my life and the lives of those around me would change forever. First, I would give 10% to my church to support the spread of the gospel across the state and the world. Second, I would pay off all my mother’s debt so she would no longer have the stress of paying her bills. Third, I would put some money in savings to cover the remainder of my college years. Fourth, I would invest in some stocks for long-term revenue.
If I had the blessing of receiving 1 million dollars I would of course pay off all debts to up my credit and start fresh. I would pay off my mom's house and buy a house of my own. I would invest in my children's future by starting trust funds. I would also start making investments in small and upcoming businesses so that income can still come in . After that I would save what I have left to make more money.
If I won one million dollars, I would purchase a large home for my family and invest much of into stocks or property. While a million dollars is surely a lot, I would try to find a way to double the money. I would also invest large sums of money into my children's bank accounts, donate to charity, and purchase several cars and goods that I once dreamed of. If I won this amount of money, I would not disclose this information to my family and friends. I would also further my education.
If I won a million dollars, I would start a few businesses that would continue to build revenue, pay all of my debts, purchase some land and a home, invest into stocks, invest into some real estate, doing some wholesaling and lastly give back to the community.
If I won one million dollars, I would use it to help improve my life and the lives of others. First, I would pay off any outstanding debts I may have like student loans or a mortgage. Next, I would donate a portion of the money, say 10-25%, to charities and causes I believe in to help those in need. I would also set aside money for my children's college education so they can pursue their dreams. To enrich my own life, I may use some funds to travel to places I have always wanted to visit. Finally, I would invest a large portion of the remaining money to ensure financial security and stability for years to come. Winning this amount of money presents an opportunity to positively impact myself and society in meaningful ways.
If i won 1 million dollars it would completely change my life. It would also change the lives of everyone around me. I would give some to my parents and siblings, and possibly some close friends. With the rest i would invest it in something that would help children overseas. I have always wanted to go volunteer overseas, especially once i become a doctor, and this would allow me to do so
If I won a million dollars I would first pay off all my medical debt (something that seems to be a thread here). Next I would achieve the greatest possible accomplishment for a millennial, buying a house. Once those things were secured I would probably invest a decent amount into a small local business. I would pick two charities, one human based and one animal based and make sizeable donations. I would dedicate 3-6 to world travel as I've never gone outside of North America. After that I would continue to work and live a modest life, being considerably more happy knowing if me or someone I love got a serious illness we would be more able to afford treatment.
If I won a million dollars, I would first pay off all my debts. It isn't much, but it's somewhat of a burden that I don't want to deal with. I would buy a new house for my daughter and I, probably on the lake or near the beach. I would then help my sisters and my mom with any debts they may have, and pay to help my sister move out of her apartment and into a house for her and her kids as well. I would then invest what I could, and let it grow into something that would benefit me in the long run. I would still want to be a nurse and continue my life as planned. I would just be able to live a bit more comfortably in the meantime.
If i won a million dollars, I would actively get myself out of consumer debt, which is around 12-15 thousand. That would leave me with around 985,000 left. I'd then look for a modest new subdivision and purchase a home with my VA loan, for about 250,000 in a good area. I wouldn't pay cash for it, but I would make sure I wouldn't be paying a high interest rate on the home, and sign for a 15 year mortgage. I would set the mortgage aside and then continue my studies and achieve a bachelor's from USC, all the while working on furthering my military career. I would then invest about 100,000 of it into a index fund and max out my 401k for the service. The rest of the funds I would use as an emergency plan, and just live off of 50,000 each year until I retire.
If I were to inherit a million dollars, I would likely try very hard to avoid making any changes to my lifestyle immediately and try to plan things out nice and slowly with it. I feel like a lot of people overestimate how much a million dollars is today, and the smartest way to use it would be to eliminate any debt and invest it into property or safe investments. My close family members are not in a bad place financially so i wouldnt have to worry about sharing the wealth with family. I think i would like to retire early in this case on some mountainious property in NC, with a small BOXABLE home for my wife and I.
If I won a million dollars, I think something that I would do is immediately hire someone else to think for me as to how I use the money and set up strict boundaries around the use of the money. I believe that it is very easy to say that I would be disciplined and spend my money in one way or another or that I would give a certain amount of money to this person or that person. However, I think that If I were to actually win the money, I may begin to think very differently. This is where having someone who I trust and who is unbiased about how the money is used I think is going to be key. I can only come to this conclusion based off the history of so many people winning the lottery and squandering the wealth they have found on foolish material things.
If I won a million dollars, I would pay off all of my bills which includes my home. I would buy a new car and pay for it. I would make sure that my family was taken care of and had whatever they needed to live a sensible life. I would put some of it in savings. I would pay off my student loans. I would continue to work a job for as long as I was able due to my illness.
If I were to suddenly win a million dollars I would settle the taxes on it first. I do not want to get on the wrong side of the IRS. Then I would take care of bills and debt that my wife and I have, to include paying off the mortgage, purchasing a new Electric Vehicle (pickup truck). After those surface items I would put money aside for my children's college educations, look into investments, and it has always been a dream to open a Sober House for people recovering from drug and alcohol addiction to help get them back on their feet.
Investing in education is a wise decision. One can use the money to pursue higher education, learn new skills, or support the education of others who may be less fortunate. Education can open up new opportunities, increase knowledge, and benefit society as a whole. Another great option is to donate some or all of the money to a reputable charity that works for a cause one cares about. This could include fighting poverty, hunger, disease, or climate change. Donating to charity can make a positive impact on the lives of many people and animals, as well as the environment. Using the money to start a business is also a great idea. One can create a product or service that solves a problem, or hire employees who share their vision. Starting a business can be a rewarding way to generate income, create jobs, and contribute to the economy.
If I won a million dollars the 1st thing I would do would be to pay off all of our debts. After our debts are paid I would split the remainder between my husband and I for our retirement, and our 5 children in a high interest account for their education. A million dollars would be life changing for us, but certainly wouldn't spread too far with all of our kids...college is expensive!
If I won one million dollars I would buy land and a forever home for myself and my family. I would set aside a college fund and savings account for my kid, and put a lot in savings in order to combat any hardships that might be faced. I would also give some to my family closest to me that have always been there through my hard times so that I can also help them.
If I had a million dollars I would first re-do the interior of my parent's house. It is something they have always wanted to be done and if I did it for them it would be something they wouldn't have to worry about. The second thing I would do is find a charity feel strongly about and donate a portion to them. One of the last things I would do is create a savings account for my little brother and put a portion of the money in there for him to use for college. This would help my parents not have to worry about paying for it and help him to be able to go wherever he wants to.
If I won 1 million dollars I would put money up for my kids to ho to school. U would stop working and become a full time student. And for close family (mom,sister)I would buy land and build houses for all of us.
With a million dollars i would first take 10% and use for myself. I would then begin investing and generating income streams that would grow and provide me passive income. I would also help family in some way but not much until my net worth has increased beyond 7 figures.
If I won a million dollars the first thing I would do is buy a home and invest thousands into dividend funds as well as index funds. This will allow me to continue to produce money instead of having it stored away and devalue through inflation. Afterwards, I would fund my sibling's college as well as donate money or items to kids in need
The first thing I would do if I won a million dollars is pay the taxes on that amount. Although it's easier said than done, I would make every effort to use it carefully. I would pay off my bills, including my mortgage, first. I would settle all of my daughters' debts and give them money. I would contribute to helping my daughter run her business. Given the escalating cost of food these days, I would place some money in a savings account specifically for groceries and in a retirement or savings account for a rainy day. I would donate supplies and money to two different food banks, the homeless shelter, and the abused women's and children's shelter. In addition, I would provide funds and supplies to a cancer research center and a children's hospital. Finally, I would look into the process of investing in stocks, bonds, and Roth IRAs.
If I was gifted a million dollars, I would know it isn't the full one million. It would be taxed and I would probably have 800-900 thousand or so left. The first thing I would do it help my parents. They sacrificed a lot for me and my brother and I want them to retire in peace. Their house is paid off, vehicles paid off, retirement is set for a long time. I'd send them on a vacation. I would do the same for my brother as well. He was my best friend growing up. Then I would tackle my student loans as well as my fiance's. I would then help his family out a bit. After that I would donate back to community. purchase and donate a truckload of supplies to food banks, and homeless shelters, and womens shelters. Then I would help out the children. Reach out to the directors of orphanages, rec centers, schools etc. Children deserve to have fun and not worry about the "adult things" until later in life.
After all is said and done, whatever left I have, I'll invest. My mother is the financial advisor in my family, (she is the head banker at work and is an EPA tax agent). Invest in more Roth IRAs, stocks, bonds, shareholders. Let the money grow so that the next generation has help for whatever they need.
If i was to win a million dollars, the first thing i would do is pay mt student loans and any debt i owe. I would put money way for kids future. I will like to buy a home and land for my kids and i. i will like to pay my parent debt and buy a home. i would eliminate any bills i have. Lastly i would like to give back i would donate some funds to kids in shelters or providing food for kids in other countries.
The very first thing I would do is pay my tithes to the church. Ten percent belongs to God. Then the next thing is pay off my personal debt. Then check to see what my parents, my brother and sister-in-law want paid off to make things a little easier for them. Then if there is anything left over, I would love to invest in a senior daycare center or start a home that takes in seniors to get better one on one care.
If I won 1 million my life would change forever. First, I would pay off any bills that I owe and my family debts. Second, I would organize a foundation for children awaiting cardiac surgery. The money in this foundation would be available to help families that traveled for their child consultation for cardiac surgery. Third, I would start a few businesses to generate money and invest. Last, I would financially help people in my circle that have always supported my endeavors to reduce their immediate obligations. It is important to consider that 1 million dollars won't go far after taxes. Therefore, making wise investments would be pertinent to generate long-term revenue.
ReplyDeleteIf won 1 million dollars I would use the money very wisely. The first thing I would do is pay off my college tuition. Once I finish school and get my certification, I would open up my own physical therapy practice with in my community.
DeleteAfter winning a million dollars (after taxes were taken), I would pay off all of my debts. Next, I would ask my critically ill mother, if there was anything she would like to have or do before she was called to the Lord. Once all of her needs and wants were met, I would invest 75% of the remainder. This would help with my future retirement. Finally, I would donate the remaining 25% to a local church to use as they saw fit.
ReplyDeleteIf I won a million dollars, there are so many things I'd like to do. Paying off all of my loans and debts would be the first thing I would do. The next thing I would do is try to improve my parents' quality of life by whatever means necessary. Helping them out would be the least I could do after all the ways they have taken care of me over the years. I've always wanted to travel, therefore I would most certainly use some money to make that happen. Finally, I believe that I would save the remainder for a retirement fund.
ReplyDeleteI would of course pay off all debt. I would help all of my children get out of debt, even though there is not really that much against us, collectively. I would map out a plan to use the money as a money making opportunity, as is it takes money to make money. Maybe build some Airbnb's to rent out or some tangible wealth creator. I would take my wife to costal Spain or Croatia, she loves the beach and I love the culture. By then we would be out of money because a million would not go far these days.
ReplyDeleteIf I won 1 million dollars I would first pay off my parents house, then buy off all their cars and other things they own as well as their student loans if they had any. The next thing I would pay for is all my schooling, and I would set enough aside for the future. Then I would put at least $250k aside for my retirement. Then the remaining except for about $2k I would put in my general savings.
ReplyDeleteIf I won a million dollars the first thing I would do is pay off my mom, dads, and gmas debt. They have worked so hard and done so much to help me make it where I am and that is the least I could do. I want them to be able to not have any worries before I spend any of the money on what I want. After doing that, my dream has always been to open a non profit animal rescue. I want to have a place where anyone can drop off animals they don't want instead of abandoning them. I have always had a soft spot for animals and I have always been the person to rescue every stray. So that is what I would want to do with most of the money.
ReplyDeleteIf I won a million dollars the first thing I would do would be to pay off the debts of myself and and my sister. My parents don't have debt at all. Second I would invest $300k into real estate, stocks, bonds, and other money saving techniques such as legally being able to stop paying taxes like most wealthy people do. With the next $700k I would probably buy myself a house and reasonable amount of vehicles. With the remaining $200k I would probably buy and lease properties in different countries. Being able to make money in different countries is very important if you want to travel. Checking up on the business that you own in a different country would give you a reason to visit the country and also would be easier financially because you will not have to use your own money and convert it into the currency of the place you will be visiting. Unfortunately, one million dollars in today's climate is not much. I believe in using the money that was given for free and make 10x more so than instead of just leaning on one million I will be able to have ten million. Pretty much rinse and repeat to keep making more money. The wealthiest people in the world have been using these strategies since the dawn of commerce.
ReplyDeleteIf I won 1 million dollars, I wouldn't tell anyone. Money changes people, some to the bad. First of all, I'd pay the taxes on it. Then, I would set up trust funds for my 2 nephews and 1 niece at $100,000 each which would be invested and they would get a monthly stipend. I would donate $10,000 to 10 of my favorite charities, including local homeless shelters, local foodbanks, library, ILC for people with disabilities. I would donate $50,000 to MTC for scholarships for students that need funds. $50,000 to my sister and $50,000 to my brother. The remaining would be set up as a fund for my boyfriend. This would all be accessible after I die.
ReplyDeleteIf I won 1 million dollars, I would pay off everything I owe first. I would buy land and start a little commune for my family and all of our close friends. I would donate or try and create the best resources for children and victims of abuse. I would help my family and help as many people struggling as I could.
ReplyDeleteIf I won 1 million dollars I would first give half of it to my boyfriend. He’s very kind and has always been there for me even during my darkest moments. He’s been working on his fashion brand for seven years now and I’d like to help him achieve his dreams and take some of the load off of him. He deserves it. Next, I would split $300,000 three ways between my mom, dad, and sister. My mom would get it because she’s always helped everyone financial and deserves it more than anyone to use on herself, my dad for medical bills and living expenses, and my sister to help with her three babies. I would give my other sister $50,000 to put towards her baby that is on the way and just to take a little time off from the military and rest. The other $150,000 I would put back and also use to get more kitties and pamper them.
ReplyDeleteIf I won 1 million dollars, I would first pay off any debt and invest my money into stocks. After that, I would pay my mothers house and cars off and help her with any debt she has. Lastly, I would put money to the side for my baby brother, so if he decides to go to college, he won't have to worry about going into debt. If there is any money left over, some would go into in my savings and the rest would go into different fundraisers.
ReplyDeleteIf I won 1 million dollars, I would invest in my and my family's education. I would use the money to start a scholarship fund and invest in a new business venture to create opportunities for myself and have generational wealth. Paying off outstanding debts like student loans or credit card bills, paying them off can relieve financial stress and allow me more freedom. Investing in real estate to grow wealth while providing housing for myself and my family. Then, I would use some money to explore new parts of the world, learn about different cultures and gain new experiences.
ReplyDeleteIf I have 1 million dollars, I would use it wisely. In my country, I used to have a monthly salary of 400 dollars and I thought it was a lot already. So having 1 million dollars would just be unimaginable! But to answer the question, I will use it help my ministry back in my home country. I will help my siblings to build their own houses. I will also set aside some money for my nieces' and nephews' education. I will give my parents the best healthcare they could receive back home. I will give some to alma mater when I was in elementary and use some to help the people below poverty line. I would most likely have an scholarship foundation in my country since the cost of education there is not as expensive as here. The rest of the money I will put in the bank and I will use it to invest. Then, I will still continue to work hard since money doesn't grow on trees.
ReplyDeleteIf I won 1 million dollars my life and the lives of those around me would change forever. First, I would give 10% to my church to support the spread of the gospel across the state and the world. Second, I would pay off all my mother’s debt so she would no longer have the stress of paying her bills. Third, I would put some money in savings to cover the remainder of my college years. Fourth, I would invest in some stocks for long-term revenue.
ReplyDeleteIf I had the blessing of receiving 1 million dollars I would of course pay off all debts to up my credit and start fresh. I would pay off my mom's house and buy a house of my own. I would invest in my children's future by starting trust funds. I would also start making investments in small and upcoming businesses so that income can still come in . After that I would save what I have left to make more money.
ReplyDeleteIf I won one million dollars, I would purchase a large home for my family and invest much of into stocks or property. While a million dollars is surely a lot, I would try to find a way to double the money. I would also invest large sums of money into my children's bank accounts, donate to charity, and purchase several cars and goods that I once dreamed of. If I won this amount of money, I would not disclose this information to my family and friends. I would also further my education.
ReplyDeleteIf I won a million dollars, I would start a few businesses that would continue to build revenue, pay all of my debts, purchase some land and a home, invest into stocks, invest into some real estate, doing some wholesaling and lastly give back to the community.
ReplyDeleteIf I won one million dollars, I would use it to help improve my life and the lives of others. First, I would pay off any outstanding debts I may have like student loans or a mortgage. Next, I would donate a portion of the money, say 10-25%, to charities and causes I believe in to help those in need. I would also set aside money for my children's college education so they can pursue their dreams. To enrich my own life, I may use some funds to travel to places I have always wanted to visit. Finally, I would invest a large portion of the remaining money to ensure financial security and stability for years to come. Winning this amount of money presents an opportunity to positively impact myself and society in meaningful ways.
ReplyDeleteIf i won 1 million dollars it would completely change my life. It would also change the lives of everyone around me. I would give some to my parents and siblings, and possibly some close friends. With the rest i would invest it in something that would help children overseas. I have always wanted to go volunteer overseas, especially once i become a doctor, and this would allow me to do so
ReplyDeleteIf I won a million dollars I would first pay off all my medical debt (something that seems to be a thread here). Next I would achieve the greatest possible accomplishment for a millennial, buying a house. Once those things were secured I would probably invest a decent amount into a small local business. I would pick two charities, one human based and one animal based and make sizeable donations. I would dedicate 3-6 to world travel as I've never gone outside of North America. After that I would continue to work and live a modest life, being considerably more happy knowing if me or someone I love got a serious illness we would be more able to afford treatment.
ReplyDeleteIf I won a million dollars, I would first pay off all my debts. It isn't much, but it's somewhat of a burden that I don't want to deal with. I would buy a new house for my daughter and I, probably on the lake or near the beach. I would then help my sisters and my mom with any debts they may have, and pay to help my sister move out of her apartment and into a house for her and her kids as well. I would then invest what I could, and let it grow into something that would benefit me in the long run. I would still want to be a nurse and continue my life as planned. I would just be able to live a bit more comfortably in the meantime.
ReplyDeleteIf i won a million dollars, I would actively get myself out of consumer debt, which is around 12-15 thousand. That would leave me with around 985,000 left. I'd then look for a modest new subdivision and purchase a home with my VA loan, for about 250,000 in a good area. I wouldn't pay cash for it, but I would make sure I wouldn't be paying a high interest rate on the home, and sign for a 15 year mortgage. I would set the mortgage aside and then continue my studies and achieve a bachelor's from USC, all the while working on furthering my military career. I would then invest about 100,000 of it into a index fund and max out my 401k for the service. The rest of the funds I would use as an emergency plan, and just live off of 50,000 each year until I retire.
ReplyDeleteIf I were to inherit a million dollars, I would likely try very hard to avoid making any changes to my lifestyle immediately and try to plan things out nice and slowly with it. I feel like a lot of people overestimate how much a million dollars is today, and the smartest way to use it would be to eliminate any debt and invest it into property or safe investments. My close family members are not in a bad place financially so i wouldnt have to worry about sharing the wealth with family. I think i would like to retire early in this case on some mountainious property in NC, with a small BOXABLE home for my wife and I.
ReplyDeleteIf I won a million dollars, I think something that I would do is immediately hire someone else to think for me as to how I use the money and set up strict boundaries around the use of the money. I believe that it is very easy to say that I would be disciplined and spend my money in one way or another or that I would give a certain amount of money to this person or that person. However, I think that If I were to actually win the money, I may begin to think very differently. This is where having someone who I trust and who is unbiased about how the money is used I think is going to be key. I can only come to this conclusion based off the history of so many people winning the lottery and squandering the wealth they have found on foolish material things.
ReplyDeleteIf I won a million dollars, I would pay off all of my bills which includes my home. I would buy a new car and pay for it. I would make sure that my family was taken care of and had whatever they needed to live a sensible life. I would put some of it in savings. I would pay off my student loans. I would continue to work a job for as long as I was able due to my illness.
ReplyDeleteIf I were to suddenly win a million dollars I would settle the taxes on it first. I do not want to get on the wrong side of the IRS. Then I would take care of bills and debt that my wife and I have, to include paying off the mortgage, purchasing a new Electric Vehicle (pickup truck). After those surface items I would put money aside for my children's college educations, look into investments, and it has always been a dream to open a Sober House for people recovering from drug and alcohol addiction to help get them back on their feet.
ReplyDeleteInvesting in education is a wise decision. One can use the money to pursue higher education, learn new skills, or support the education of others who may be less fortunate. Education can open up new opportunities, increase knowledge, and benefit society as a whole. Another great option is to donate some or all of the money to a reputable charity that works for a cause one cares about. This could include fighting poverty, hunger, disease, or climate change. Donating to charity can make a positive impact on the lives of many people and animals, as well as the environment. Using the money to start a business is also a great idea. One can create a product or service that solves a problem, or hire employees who share their vision. Starting a business can be a rewarding way to generate income, create jobs, and contribute to the economy.
ReplyDeleteIf I won a million dollars the 1st thing I would do would be to pay off all of our debts. After our debts are paid I would split the remainder between my husband and I for our retirement, and our 5 children in a high interest account for their education. A million dollars would be life changing for us, but certainly wouldn't spread too far with all of our kids...college is expensive!
ReplyDeleteIf I won one million dollars I would buy land and a forever home for myself and my family. I would set aside a college fund and savings account for my kid, and put a lot in savings in order to combat any hardships that might be faced. I would also give some to my family closest to me that have always been there through my hard times so that I can also help them.
ReplyDeleteIf I had a million dollars I would first re-do the interior of my parent's house. It is something they have always wanted to be done and if I did it for them it would be something they wouldn't have to worry about. The second thing I would do is find a charity feel strongly about and donate a portion to them. One of the last things I would do is create a savings account for my little brother and put a portion of the money in there for him to use for college. This would help my parents not have to worry about paying for it and help him to be able to go wherever he wants to.
ReplyDeleteIf I won 1 million dollars I would put money up for my kids to ho to school. U would stop working and become a full time student. And for close family (mom,sister)I would buy land and build houses for all of us.
ReplyDeleteWith a million dollars i would first take 10% and use for myself. I would then begin investing and generating income streams that would grow and provide me passive income. I would also help family in some way but not much until my net worth has increased beyond 7 figures.
ReplyDeleteIf I won a million dollars the first thing I would do is buy a home and invest thousands into dividend funds as well as index funds. This will allow me to continue to produce money instead of having it stored away and devalue through inflation. Afterwards, I would fund my sibling's college as well as donate money or items to kids in need
ReplyDeleteThe first thing I would do if I won a million dollars is pay the taxes on that amount. Although it's easier said than done, I would make every effort to use it carefully. I would pay off my bills, including my mortgage, first. I would settle all of my daughters' debts and give them money. I would contribute to helping my daughter run her business. Given the escalating cost of food these days, I would place some money in a savings account specifically for groceries and in a retirement or savings account for a rainy day. I would donate supplies and money to two different food banks, the homeless shelter, and the abused women's and children's shelter. In addition, I would provide funds and supplies to a cancer research center and a children's hospital. Finally, I would look into the process of investing in stocks, bonds, and Roth IRAs.
ReplyDeleteIf I was gifted a million dollars, I would know it isn't the full one million. It would be taxed and I would probably have 800-900 thousand or so left. The first thing I would do it help my parents. They sacrificed a lot for me and my brother and I want them to retire in peace. Their house is paid off, vehicles paid off, retirement is set for a long time. I'd send them on a vacation. I would do the same for my brother as well. He was my best friend growing up. Then I would tackle my student loans as well as my fiance's. I would then help his family out a bit. After that I would donate back to community. purchase and donate a truckload of supplies to food banks, and homeless shelters, and womens shelters. Then I would help out the children. Reach out to the directors of orphanages, rec centers, schools etc. Children deserve to have fun and not worry about the "adult things" until later in life.
ReplyDeleteAfter all is said and done, whatever left I have, I'll invest. My mother is the financial advisor in my family, (she is the head banker at work and is an EPA tax agent). Invest in more Roth IRAs, stocks, bonds, shareholders. Let the money grow so that the next generation has help for whatever they need.
If i was to win a million dollars, the first thing i would do is pay mt student loans and any debt i owe. I would put money way for kids future. I will like to buy a home and land for my kids and i. i will like to pay my parent debt and buy a home. i would eliminate any bills i have. Lastly i would like to give back i would donate some funds to kids in shelters or providing food for kids in other countries.
ReplyDeleteThe very first thing I would do is pay my tithes to the church. Ten percent belongs to God. Then the next thing is pay off my personal debt. Then check to see what my parents, my brother and sister-in-law want paid off to make things a little easier for them. Then if there is anything left over, I would love to invest in a senior daycare center or start a home that takes in seniors to get better one on one care.
ReplyDelete