If you were given $1,000,000 tax free, What Would you spend it on?

United States
April 22, 2009 3:20pm CST
If you were given $1,000,000 What would you spend it on? Would you donate to a charity, Pay bills, Go on a shopping Spree, Save it, or what? I would pay my bills, I would donate 1/4 of it to different charities. Then I would buy me a Dodge Truck for moving things and traveling, and then I would buy some fun things like a game system and games and abig screen tv and then I would save the rest for future bills and necesary things. Everyone answer this. I know everyone wants a $1,000,000 tax free and if they had a chance to get it, they would do alot. Thanks, Badger1975
18 responses
@cher913 (25782)
• Canada
22 Apr 09
well, i would pay bills definitely! maybe go on a short trip to the east coast of canada (i love the ocean!) buy a new van (ours is a 1996) but the bulk of the money would go to the youth centre/drop in that my husband and i are starting in our area.
2 people like this
@jkatmaou (195)
• Philippines
23 Apr 09
people would think i'm just saying this, but this is what i'm going to do. i'll first make sure that my family is comfortable. after that, i will take all the homeless animals i can and give them shelter, food, and love. some of the money will be invested so i can continue with the shelter for homeless animals i will create.
1 person likes this
@jayrene (2708)
• Philippines
23 Apr 09
wow man... if you take ALL the homeless animals, and give them food and shelter, there'll be no more money left for you. there are so many homeless animals... and taking care of them ALL would really cost a lot. better start a foundation for homeless animals first, get some amount from the money you have left (after your family is comforatble), from then on look for donations... just my opinion... lol
1 person likes this
@jkatmaou (195)
• Philippines
24 Apr 09
lol...that's a start!
1 person likes this
• United States
23 Apr 09
The first thing I would do would be to pay off my student loans from when I was in college. That would be great to finally have off my mind. I would also pay off all the other bills that don't repeat (stuff like medical bills) to no longer have those to deal with. I'd donate to charities. The rest I would save indefinitely. Of course I would buy fun stuff for myself too lol
1 person likes this
@mermaidivy (15395)
• United States
23 Apr 09
I would spend it on paying off the house, invest on building the own business, head back to home.
1 person likes this
@mzj033y (185)
• United States
23 Apr 09
Firstly I would give some to my family. I would give them as much as needed to provide for their necessity. Afterwards, I think I would take the money and have myself an experience of a lifetime. I want to be able to travel around the world. I want to be able to do things that I haven't done before. I want to be able to see every part of the world. Afterwards, I guess I will settle down and start my own business. I would keep some for future bills like you said. If only this can happen.
1 person likes this
• India
23 Apr 09
well my list is endless... i would get a lavish mansion in the poshest colony of the capital n then will also manage to grab an apartment or villa in "the palms", dubai... i dont think i would be left with anymore. but if i still hd some, i would purchase audi r8 nd a merc slr maclaren
1 person likes this
• Philippines
23 Apr 09
I would be one of the luckiest and happist person in this world if I can receive that amount of money. I would spend some part of it and save some of the money for future use. I would pay bills, buy a big house, a car and yacht. I would invest on some business venture, donate some to charity, travel around the world and go shopping. Especially that amount of money is a very big conversion so I can do many things with that amount. I just need to spend it wisely and save.
1 person likes this
• United States
23 Apr 09
Well for me the first thing I would do is pay my tithes and offering to my church, then I would clear all student loans and debts. I would buy a nice home in Atlanta GA. afterwords I would get a 2009 Ford Mustang GT Coupe...and with the left over money I would start on my restaurant business
1 person likes this
@mikeysmom (2088)
• United States
23 Apr 09
i would pay off my credit cards, buy a new car because mine is getting old, get my husband a new van for work as his is falling apart, sell our townhouse and buy a private home with a swimming pool and jacuzzi, the works, but not extravagant or excessive. just nicer than what we have with a few more perks. i would pay my mom back all the money she has helped me with over the past year and my friend maryanne too. i would buy my son something special and put money away for his college and invest the rest very carefully so it would last. i may help a relative here and there a bit.
1 person likes this
• Trinidad And Tobago
23 Apr 09
Badger1975, I didn't hear you mention a house, so I assume that you already have one of your own....Good. The other thing I think you left out..Does that 1/4 to different charities include the numerous friends and relatives you never knew you had? They would bombard you once the news gets out................. A nice house with a library,music room,and entertainment centre and guest room and extra bathrooms(I may have to start pinching pennies to stay within budget);a Range Rover.... I see the charities beginning to get a little crest-fallen....butdon't worry,you'll get SOMETHING!
1 person likes this
@tabachi (263)
• Philippines
23 Apr 09
same with you...i will donate 1/4 to charity...charities for the street children and for the elderly and for cat welfare....will pay all my liabilities and will set aside for a certain amount for helping out friends and relatives in need and the most important is my own family..to them will go the biggest share...
1 person likes this
@paoxav (1382)
• Philippines
23 Apr 09
I'll be wise in spending. There are some luxuries of course like cars and a brand new house but I gonna spend most in investing a new business. The remainings will be on my savings account for my future of me and my family.. It's better to save than to spend everything. We can't waste money in this time of recession..
1 person likes this
@guozehua (60)
• China
23 Apr 09
I think I will buy a new set of yoyo.I has save money for so long,but I always use too much in daily life.Tax free is a great chance for those people who are poor,and it can help so much student go back to school.
1 person likes this
@jayrene (2708)
• Philippines
23 Apr 09
that would be a dream come true... i hope a billionaire will read this post and will share some of his blessings to me... lol first off, i will pay our house in full. buy my mom her own house, my 2 sisters too, well my brother will be living with my mom, so there's no need to buy him a house. then, i will buy a van for my family, not the brand new ones, but those good as new ones only, they are cheaper, (i can save). then i will have a certain amount for each of my 3 kids savings, not much, just enough... then i will go back to the hospital where i was operated, and select some patients there that are waiting in line to have their surgery done because they dont have money to pay for it. then split off some for churches work. share some to some good friends, who were with us through thick and thin. pay all our debts, give some to those who have helped us, i will definitely return the favor. have a certain amount on our savings. and a certain amount to start a business again. after i have done all those things, and when there's still some more left, we will go travel, world tour. then if there are still more left, that will be the time ill go on a shopping spree... weeeeee =P
1 person likes this
@chigawaga (592)
• Canada
22 Apr 09
ohhh i would have so much fun with 10000000 tax free:Di would pay all my bills and pay my house off,i would share some with my family,donate a little to a charity probubly the childrens hospital,and invest some for my childrens future.and def go on a nice long vacation somewere:D
1 person likes this
• United States
22 Apr 09
i would pay off my house and buy a new one get a new car , i would put some away for my childrens future and give some to charties as well as travel somewhere, but one can only dream because that will never happen i am not that lucky.
1 person likes this
@jellymonty (2352)
22 Apr 09
I would definitely use that to immigrate to Canada or the USA with my family...
1 person likes this
@lelin1123 (15595)
• Puerto Rico
22 Apr 09
Ok first I would pay off my parents bills so they could enjoy whatever time they have left on this earth without the worry of paying their bills. I then would pay off my bills including my house. I would also pay off my two daughters bills and give them something for a rainy day. Then I would give a certain amount to charities that I truly believe in. Then I would set up an account for my one and only grandchild. I would put some into my IRA and then go on a vacation! Sharing the money you win or are given is the best thing in the world because helping people out in time of need is a beautiful thing. Makes you feel so good inside.