If you win a million dollars what will you do?

@Margarit (3677)
Philippines
August 30, 2008 9:20pm CST
If I will win i will give 50% of my winnings to my family and 25% will be mine and put it on the bank the other 25% will be on the charity.If you have the chance to win what will you do?Would you buy cars, houses or put it in the bank for savings?
3 people like this
15 responses
@arcenal (171)
• Philippines
31 Aug 08
I would buy a new house, save some money in the bank for the future my family and I treat my family. I would also treat myself and do things that would make me happy.
2 people like this
@Margarit (3677)
• Philippines
31 Aug 08
Uhhm..maybe give some to the charity its better to give than to recieve.So Thank you and Good Luck!
2 people like this
@arcenal (171)
• Philippines
31 Aug 08
Oh yeah,certainly, I forgot. I would definitely give some to the charity too. Thank you for reminding.^^, God bless.
2 people like this
@hiddenwing (3721)
• China
31 Aug 08
I will go to the united states to further my study. However, I try to apply the full scholarship now. Were I rich enough, I wouldn't have to do that.
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@Margarit (3677)
• Philippines
31 Aug 08
well dont you know want to give something on the charity or savings for your future?well GOD BLESS YOU!
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@jbrooks0127 (2332)
• United States
31 Aug 08
Often when we hear a million dollars most of us think it is a large amount of money that somehow we would be set for life. Not true. Example......if you won $1,000,000 at age 30. Let's say you did not invest it but decided to simply take out an amount once a year like you would a salary until it was all gone. If you took out only $33,000 a year that million would only last you 30 years. Clearly $33,000 is not much of an annual wage. Of course if you continue to work it would be fine but at the end of those 30 years, when you would be 60 years old and about to retire all that money would be gone. So what I would do is invest that million very conservatively and take the earnings from that amount and do what you suggest. A percentage to charity, some to my family and the rest for myself. Not much money true but by retirement I then would still have a million dollars. And for those 30 years I would have lived a little better than I would have without it. Make that money work for you. I am in retirement now and I can tell you if I could have done this at age 30 I would be soooo much better off than I am now. And how you invest it makes all the differance.
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@Margarit (3677)
• Philippines
31 Aug 08
Very well said. I think a million dollars here in our country is a big amount already because our currency is peso and 1 dollar is equivalent to 45 pesos. Investmenting is good too. thannks for responding
2 people like this
• United States
31 Aug 08
i would build on to my house,set my kids up to get them started,help family and friends out, put some in savings, and send some to africa..the reason i say send it to africa i was watching mtv where the sent a 18 year old girl that was spoiled over there to show her everything isn't always handed to you and it was sad how they have to deal to them you are rich if you have a car, never ate candy, didn't think the people in fashion magazines were actually real and made their house out of cow poop oh yeah and walked 8 miles a day just for water.. i just thought i would share that with you
@Margarit (3677)
• Philippines
31 Aug 08
Very noble and lovable idea and you want some to send to africa.May God Bless You.
2 people like this
@adbas66 (10)
31 Aug 08
For me, 10% belongs to the church. From the balance, I will set aside 30% as savings and then determine what my family needs (not want). Medication for my parents, educational plans for my kids, maybe a car. Charity will automatically come because people will approach you when they hear of the winning. If there is still something left, I might set up some small business or livelihood. That's a lot of money, you know.
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@Margarit (3677)
• Philippines
31 Aug 08
Well a good idea and your a good man so for that i will give you my thanks for responding to my question.
2 people like this
@stellarjade (1240)
• United States
31 Aug 08
I would pay off all my bills, give some to my parents, some to charity, and save the rest to spend on random things.
2 people like this
@Margarit (3677)
• Philippines
31 Aug 08
well a nice idea and a good one too.thank you for the response.
2 people like this
@tonytt2009 (1706)
• China
2 Sep 08
If 1 mio dollar,I will share half mio with my family and the keep the rest of them as myown.For mine,I will do some investment in both stock/fund market and some to real estate industry,like buy a house which has a high potention value.As well,I would like to go back to work as normal.Hah~~If only~~~
1 person likes this
@Margarit (3677)
• Philippines
2 Sep 08
okay, thanks for your respose
1 person likes this
• Canada
31 Aug 08
The first thing I would do is buy an awesome house...Not too big, but a nice house compared to the small appartment I'm living in at the moment...I don't think I would quit my job, seeing as I really enjoy what I do...But I would most definatly only work three or four days out of the week...A million dollars is a hell of a lot of money, but with the way things are going these days, that much money wouldn't last quite as long as you would think... -Mike
@Margarit (3677)
• Philippines
2 Sep 08
Yah, but if you manage your money wisely it can last more than you think. Just think positive always. thanks for responding.
1 person likes this
@coffeechat (1966)
• New Zealand
31 Aug 08
A million! Wow that'd be cool. Cautious investment should bring about $60,000 per annum. With that income I would: 1. Pay taxes - which is good for the country. 2. 20% into a public charity - this is tax deductible. 3. 20% into an annual holiday for the family. 4. 20% reinvestment into the corpus. This should take care of inflation. 5. 40% into giving us the time and space to do volunteer and other charitable work that will help improve the communities we live in. A million dollars is not a lot of money - or it can be an awesome amount of money if managed well and supplement your other activities. Cheers.
1 person likes this
@Margarit (3677)
• Philippines
31 Aug 08
thats cool, thank for responding
1 person likes this
@sudalunts (5528)
• United States
31 Aug 08
You did not mention if this million dollars is a net or a gross. If it is a gross, by the time taxes are taken out, you will probably have $700 or $600, thousand, depending on the tax rate. With that, I will tithe 10% to my church, give my family some, buy a house. I am not flambouyant, so I do not need the thrills and frills. I would basically live off of the interest, and thank God that I am not broke.
1 person likes this
@Margarit (3677)
• Philippines
31 Aug 08
Net ofcourse. im glad that you give 10% tithe to the church. I am also doing that in my community, i believe sharing your blessing to others is a noble act you can offer especially to those who really needed it. thanks for responding.
1 person likes this
@Lxandra79 (1536)
• United States
31 Aug 08
well if i do win the lottery, which that has always been my dream (and pretty much everyone else's dream) I would save money for my son to go to college, and if my brother stops stealing and being a nice teen brother...then maybe give him some money to go to college. Also i would give my parents money, like 25% And the rest i would buy a land and build my house, buy a car and live happily ever after
@Margarit (3677)
• Philippines
31 Aug 08
well you are a caring girl and be good,.GOD BLESS YOU
1 person likes this
@youless (65284)
• Guangzhou, China
3 Sep 08
At first I will have a nice meal with my family. Then we will have a travel. After that, I will invest some money and also deposit the rest in case of any accidents. And I shall spend some time for my own interests. I love China
1 person likes this
@gbeast95 (505)
• United States
3 Sep 08
i would give 500k to charity. then i give like 200k to my family. and i'll keep my 300k for some stuff i might want.
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@sharay (2750)
• India
4 Sep 08
the first thing that came to my mind when i read the question was "world tour" with my whole fmaily which would come around 25 people, so i hope there would be no money left after that, if there is something left, i would buy a house
@Margarit (3677)
• Philippines
5 Sep 08
wow, amazing! i would love to tour around the world too. thank for responding
@Aniakim (352)
• Cagayan De Oro, Philippines
4 Sep 08
if i win a million i will pay everyone i owe money from. i'd spend some for a thanksgiving celebration. i'll give money to church and charity, i'll share some to my parents, start a small business and save some in the bank.