What will you do if You have 1000 Grand?

Philippines
September 27, 2010 7:42pm CST
if your parents give's you the inheritance of money worth 1000 grand what will you do inorder to make it bigger and not to go to waste?
8 responses
@marcmm (1804)
• Malaysia
28 Sep 10
If I get 1 million, hmmm what will I do. Let see. 1. Donate 10% to the church and Christians Society or helping the needs. No charity. I don't involved in charity. 2. Keep the remaining 900 grand in our Malaysian Local Unit Trust. The interest rates is minimum 7.5% per annum. In that way I can easily get something like 67.5 grand or 5.6 grand a month and that is without doing any work. That is what I call easy money. 3. with the interest of 67.5 G a year, I can go buy a house. It will pay for the downpayment and monthly mortgage. What a life. If only I can get 1 Million.
• Philippines
29 Sep 10
nice computation of the earning. lots of things to do in 1000 grand.. pay your self and enjoy life. :)
@TonyPluto (171)
• United States
28 Sep 10
1000 grand = 1 million If I were given $1 million no strings attached. First thing I'd do is donate 10% or $100000 to some worthy charity. I really like animals so probably the WWF. But most likely donate to research for Ankylosing Spondylitis. I would then put 40% into savings bonds with a high interest rate. The remaining $1/2 million I would put myself through school with and start my own MMA/crossfit Gym :) Also, hiring an investor or stock broker would be a good idea.
• Philippines
28 Sep 10
nice move as financial advisers said save 40% of the income for further use. nice to hear also that you considers donation others are use to by anything with that such big money.
• Indonesia
28 Sep 10
I will use it as a capital of my new business. I am thinking about having the biggest baby store in town :)
• United States
28 Sep 10
With the stock market the way it is, I'd find a reputable company that was torn down by the economic problems and put that money toward stocks. I would figure that things can only go up, and if the company has been well established, the chances are things will improve and I can turn around and make profit fairly quickly.
• Philippines
28 Sep 10
yes some really invest in stock exchange but be sure that you have enough knowledge before joining it.
• United States
28 Sep 10
i wouldn't even use mines i'll save it for a rainy day cause i no im go need it in the long run
• United States
28 Sep 10
I would save the $1,000 and put it in the bank.... and get the little interest they give you. It's not much but I am not going to gamble it away...
@pokumon (644)
• United States
28 Sep 10
I think I'd just use it to pay for schooling and make sure I don't take out more money in loans which I'll have to pay with interest later on.
• United States
28 Sep 10
I love daydreaming! I would give a sizable portion to the Sea Shepherds for all the work they do saving whales. It really bothers me that they have to work with old equipment sometimes and that Pete Bethune's ship got freaking broken in half! Ridiculous. Then, I would buy a small apartment in Paris that I could visit whenever I wanted. I would take some time off to write my book. And... save the rest and invest it in some way.