What would you do when you are suddenly loaded?

@yenwie84 (1345)
Malaysia
July 22, 2008 10:04am CST
What would you do with the money? Investment,buy properties,do charity or something else? If I am loaded out of sudden,I think the first thing I will buy a house for my parents,and I will buy another house for my own. I will do charity by donating money to charity societies. I will do some investments such as business but not in rush. I need to have a good plan before I do any investments. Not forget my brothers, I will keep one portion of money for their usage. How about you? What would you do? Would you do something like me or different? Please tell me more.
1 person likes this
17 responses
23 Jul 08
First thing I would do is get myself a nice apartment and a new motorcycle. The rest I would chuck in a high interest bank account! haha.
@Tasche (138)
• Ethiopia
23 Jul 08
First thing I would do is funding my family, second I would fund the family of my friend and some close friends of mine and if there should be still some money left I would love to build a house for poor old people. Where young families can live in a cheap way as long as they are helping the old living there too. The old might take care about the kids then or whatever they would like. A human social house, I like that idea.
@sudalunts (5527)
• United States
23 Jul 08
Wow, I would buy a house, pay off the house my brother owns, where my mother and father are living. I would pay off all of my debt, I would give my son a nice amount so that it can help him get back on track. I would start a college fund for my two god children, and I would give some to my church. Whatever is left will go into the bank, so that my husband and I can live comfortably. We would probably take a nice vacation. I would then be able to volunteer my services at children hospitals and nursing homes. Oh, I might buy a dependable newer model used car.
• China
23 Jul 08
If I suddenly get rich one day(of course, it should be legally), firstly, I will buy my parents and myself a large villa with garden and swimming pool and then i will learn to invest because i believe no matter how much money, it will be used up if you don't know how to augment it and of course, I will try my best to help others who are really in need of help.
@excellence7 (3461)
• Mauritius
23 Jul 08
If I am suddenly loaded,I will surely buy a house and I will then sort out the priorities about what to purchase in the house. I will then go traveling with my whole family and my love. And I will help the poor, because else I will really feel an incomplete use of the money. I really want to help those who want to do something in life but who can't do due to lack of money. I believe that the poor also have full rights to dream. I want to help them at all costs.
@Bluepatch (2481)
• Trinidad And Tobago
23 Jul 08
You look to the future and to using the money to make more money. Depending on how much you have you decide on the best investment for long term income. Then you can also look at your needs. Not extra things or houses for people, needs. What do the people you care about need ? Think in terms of their future too. Like education or medical bills and so on. You could buy some things you need too but the future is always there to see after. Lets face it, how often is this likely to happen ?
@guybrush (4662)
• Australia
23 Jul 08
I don't really know what I'd do. We don't have debts, but my husband could retire a little earlier, I suppose. My brother and son could probably do with a bit of a financial boost at the moment, so I'd help them out first. There really isn't anything I particularly want at the moment.
@kingcrapper (1538)
• United States
23 Jul 08
If I become suddenly loaded it would be great because there is so much I would do! I head up the company lottery fund so I have had time to think about this. The first thing I would do is to invest the money. Money invested is more money recieved. AS the investment matured I would take the dividends and take care of my parents making sure they had a nice comfortable life. Then I would build my own family an nice emergency fund, pay off all my debts, bank some for my kids for college and then live off the rest. I wouldn't spend it on a fancy car or a big house because, to me, that money could be invested and making me more! A fancy car as only as good as the people admiring it! Money making more money is priceless leverage for generations to come!
23 Jul 08
The first thing I would do would be to pay off my mortgage and debts then see what I had left. I would help my friends children by setting up accounts that they could use for university and ensure that my family were all sorted out. After that I'd give to charity and spend the money enjoying myself.
@niranjans87 (1079)
• India
23 Jul 08
Well i cant imagine why or how i would suddenly end up with a lot of cash until and unless i won the lottery or someother contest or something.I mean its not like i wake up in the morning and suddenly there is a whole lot of cash at the front door.I mean even salary its not like i have so much cash.I certainly have a budget i have to stick onto.So its not like i can spend the entire thing. But well looking at it if I were to get the money mysteriously i would definitely put in some amount into the stock markets and then depending on how much money i actually have i would probably got fro commodities or real estate.Of course some amount has to be wasted in enjoying the fact that I va got so much money.
@metschica25 (5409)
• United States
23 Jul 08
First thing i would do is pay off all the debts and then sell this house . Give my loved ones some money and buy my mom her ranch house she has always wanted . After that i would do some traveling and see the world . Then , I would do from there . I for sure cant forget that i would see some new york mets baseball games
@pujiku (10)
• Indonesia
22 Jul 08
I would donate to alternative energy and charities that I believe needed more support (I would be looking into a lot more if I knew I could really help, trying to get more involved already though)
• Canada
22 Jul 08
id do every tihng in the world
@sk66rc (4262)
• United States
22 Jul 08
I think this is one of the questions that has been asked quite few times between friends & family for fun... I've thought about it many times... Of course I'd pay off my debts first & with the rest of the money, I'd buy an apartment complex in a nice neighborhood so I have a place to call home, rent the rest out, then go on trips for the rest of my life... I would put some aside, enough so that my daughter doesn't have to worry about anything for the rest of her life as well... She will understand that it won't be just "handed" to her but enough to take care of her... Once I'm back from traveling around the world few times, I'd open up my own restaurant & surround myself with friends & family by hiring all of them so that they don't have to worry about a job... Have some of them take care of & run my apartment complex & have some take care of my restaurant...
• United States
22 Jul 08
I think the previous responders were smart in saying that they would pay off debts, loans, credit cards, etc. That being said, I too would pay off my credit card (one only, hallelujah) and then create a 6-month emergency savings plan, then stockpile a good chunk in savings, invest about a quarter of it in stocks, bonds, funds, etc. and leave just enough so I can take a nice trip to a villa in Italy for a week and eat it up with the locals. Oh, and I would create a media empire - the next Clear Channel, but not as corporate-ized.
@Opal26 (17694)
• United States
22 Jul 08
I would first pay off my credit cards. The I would put some in the bank in my savings account. Then some in the checking account. Then I would figure out some investments of course. I might buy myself a house or a condo somewhere where the weather is nice and the water is always clean and blue. I have no family except my mom so I would give some money to her and then give some to the heart foundations and cancer foundations and then of course to as many pet foundations as I could!
@Pitgull (1523)
• United States
22 Jul 08
I would pay off my student loans, pay for the rest of school, and put money away for my little sister's school. I would probably buy my mom an MG midget, candy apple red, she always said she wanted one. I would donate to alternative energy and charities that I believe needed more support (I would be looking into a lot more if I knew I could really help, trying to get more involved already though) I would probably place most of it in an account, to build interest And invest in the future of the children I want to have...