If you just received $1,000,000 what are the top ten things....
@beutfulmama6701 (1718)
United States
October 3, 2007 7:37am CST
Say you are struggling finacacilly & you are a powerball player.. You work 50 plus hours a week at a dead end job just to make ends meet... you live paycheck to paycheck... You have children a spouse and are renting a small tralior house aparment etc etc.. say you are in debt up to your eyeballs etc etc...
What would be the very first top 10 things you would do if you just won/received $1,000,000??
ITs a tough question for some, and some people would answer buy a car shop etc etc but honestly what do you think the top 10 things are that you would do?
Im a bit weird like this i will ponder on things like this everyonce in a while.. usually when the bills are due and im worried the paycheck wont cover it, or when theres a new wxspensive toy out that my daughter asks for and i cant get it for her but despetraly want to so bad because she doesnt often ask for much..
My top 10 things are:
1. Take my daughter to Disneyland/World
2. Buy a house & some land ( nothing fancy just a place to call home)
3. Buy my mother a Better hassle free house & some land
4. Pay off ALL my bills/debt
5. Donate to charity ( loads and loads i wontneed that much!)
6. Open trust funds for my children
7. Redo my wedding & actually have a honeymoon
8. Buy my husband a "toy" ( ATV, 4 wheeler, dirt bike, snowmobile, motorcycle etc etc)
9. Open my own "business"
10.SHOP SHOP SHOP SHOP!!
what about you what are the top ten things that oyu think you would do if you just received/won $1,000,000???
2 people like this
9 responses
@cikedo (3483)
• United States
3 Oct 07
That is a good question and one that I have pondered over more than once. I'm pretty sure I know what I would do with the money. 1) I would put some in the bank and let it collect interest ($450,000). 2) Pay for the next 4 years of college tuition and book expenses ($20,000) 3) Help my parents out some of their bills and pay off their cars ($50,000). 4) Buy my own home outright ($300,000). 5)Buy a decent car ($30,000). 5) Take my dream vacation to Japan ($10,000). 6) Have a shopathon at the mall ($5,000). 7) Set Money aside for my little brothers college education ($30,000). 8) Furnish my new house ($30,000). 9) Donate money to various animal shelters and animal rescue groups ($50,000). 10) Invest in the stock market ($25,000).
@beutfulmama6701 (1718)
• United States
3 Oct 07
I guess you really have thought it through! Amounts and everything~! WOW!!
good for you!
Thanks for your response
@kitty1234 (1476)
• United States
3 Oct 07
My top ten things to do would be:
1. Pay all my bills
2. share with my family
3. Give to a charity
4. Take a trip
5. Send my nieces and nephew to Disney World
6. Buy all new clothes
7. Go to the homeless shelter and get an apartment for someone
8. Buy a bigger condo!
9. Save
10.Buy something I don't need!
@wwwShyBodyJewelrycom (916)
• United States
3 Oct 07
I have thought of this same thing a number of times also. I think if I ever won or received this kind of money I would spend it wisely.
1) Pay off all bills/debts
2) Buy a house
3) Buy a new vehicle
4) Get my hubby a newer vehicle
5) Take my kids on a nice but mellow shopping spree
6) Donate some money to my kids school
7) Add to college funds
8) Add more inventory to my body jewelry website
9) Put as much into savings as possible for the rainy days when it's needed.
10) Help anyone I might now that needs some help.
@angemac23 (2003)
• Canada
4 Oct 07
1. Pay off all my debt and my family's debt
2. buy a house
3. buy a car
4. give some to my family and closest friends
5. of course I would quit my job
6. Travel the world
7. make donations to my favorite charities
8. invest a lot if it
@tabymclay24 (51)
• United States
4 Oct 07
1. i would make sure that my childrens college fund was completely set up in a very high interest account
2.take a much needed vacation
3. buy a home i agree nothing fancy but something i would never have to move again
4.start a daycare so i would never have to worry about leaving my girls to go to work
the rest i dont know really pay off debts of course but thats a given
@beruti (30)
• Malaysia
4 Oct 07
Well for me,
1. Pay my loan
2. Buy a more powerful pc/laptop
3. Buy a new car
4. Buy a nice house
5. Donate some of it to my local church
6. Open a small shop
7. Bring my family on a vacation.
8. Study new languages
9. Save some in my bank account
10.Use it to make more money online
@dreamstone (129)
• China
4 Oct 07
good,that is excitement.1000000 dollar,too many.top 10 things i want to do are:
1)buy two big house,for myself famliy and my parents.
2)new car,big jeep.
3)travel to the world.
4)built my own copmany.
5)sent my son to usa to learn in college.
6)built a grade school for children that have no chance to study.
and ,now,1000000 dollar so little,i have consumed all.and now,i have no money .
@goinliveinfive (561)
• United States
3 Oct 07
1. Consult with a financial planner
2. Choose a portfolio of sound investments
3. Put as much as I could into a high-yeild savings account
4. Roll over the Interest into various accounts earmarked for specific purposes such as my son's college
5. Continue working at my current job and keep earning retirement income for the next 30 years.
6. After a year or two, assess the current market, make necessary adjustments to my investment portfolio and make a substantial down payment on an affordable house in a decent neighborhood. I would try to keep to a 10-year mortgage if possible and pay it off as quickly as I could.
7. Decide what I want to do when I retire. WIll I *need* to work until I'm 65 or will 20 years be enough time to keep working if at least half of that time is spent debt-free.
8. Keep tabs on the current and projected rates of inflation and try to assess over time how much money I have right now in estimated 2037 dollars. This should be re-assessed yearly.
9. Live comfortably but not opulently. Maybe I'll trade in my car after five years instead of ten. Maybe I'll replace the couch before it's completely threadbare.
10. Retire to the place of my choice, buy the house of my choice and hold my wife's hand as we watch the sun set on this thing called life as opposed to retiring from teaching only to become a subtitute teacher again because I can't afford my meds on my teacher's pension.
Your way, with all due respect, will see you broke again inside of six months with little more than some over-priced real estate to show for it long term (until you have to sell your house, that is). It's not a shot or an attack but the fact of the matter is that $1,000,000 isn't a lot of money anymore and its value is falling rapidly. I don't think you'd make it to #4 much less #10.
@isaiah12 (416)
• United States
4 Oct 07
1. Buy my two daughters their own homes.
2. Give my parents enough to pay off their debts and have some savings.
3. Buy a small house of my own.
4. Pay off my debts.
5. Open my own business.
6. Go on a family vacation (parents, daughters and their families).
7. See Robin Gibb in concert with my family.
8. Donate some to my church.
9. Put some in savings.
10. Shop (there always seem to be things I put off buying)