If you had a million dollars what would you do with it?

Kristie - posted on 05/30/2012

I would pay off my house, fix the house, pay off the truck hire someone to drive me around, start trust funds for the munchkins, get my license(ya it's a shock at 30 i dont have it!). Buy everything I have wanted but either couldn't afford or put off so hubby and/or the kids could get what they want(and they say I just want want want, bs) maybe buy another house and rent this one out

Stifler's - posted on 05/29/2012

Buy a house. Invest the rest. 1 million won't be worth much when I'm retiring.

Kelly - posted on 05/28/2012

lol, yea, I know how to stretch a dollar!
It was actually a little more than a million, and there was income just from having the million in the bank, but all in all, the most expensive thing on that list was my dad's rehab, which was just under $500,000. My own medical debt at the time was less than $100,000, and my friend's was only $22,000 which isn't a big part of $1m, but it made a huge difference to him. My new car was a Saturn, which was less than $20,000, and I got all 4 Freezers for $60,000 from a vendor who had a cancelled order. There wasn't a whole lot left for savings, but we've built on that.

Somethings I didn't do that I wish sometimes I had: I wish I'd traveled, gone out and just treated myself--like to bars and stuff--and it would have been fun to drive a really cool car, but when I look at where the money went, I don't see anywhere I could have saved or cut out....oh well, maybe one day ;)

Firebird - posted on 05/27/2012

Buy a house.
Set up a college fund for my daughter.
Go to college.
Give some to charity.
Buy shoes.
Invest a bunch.
Maybe take a vacation.

Jayce - posted on 05/27/2012

Wow, that million went a long way.

I would pay off my debt and my parents debt.
I would buy a home (not where I live,houses here are over priced) but where I grew up. It would be my summer home/retirement home.
I would pay to replace the jungle gym and rennovate the children's play area where I live now.
I would give some away and to charity.
I would put the rest away for the future.

Kelly - posted on 05/26/2012

I had a million dollars when I was 22--I had just sold intellectual rights to my web business. This is what I did:

I purchased a house for me--It was little, cost $105,000 and I still live in it.
I paid off my parent's house and did some renovations in it.
I put my dad through 2 years of rehab in a private center--8 years later he is STILL clean!
I paid out my medical debt.
I paid out the medical debt of a very good friend.
I spent $25k on my wedding.
I fixed my car, then gave it to my friend (this was the 1974 VW Beetle that I had lived in while in chemo).
I bought a new car for me.
I bought new industrial freezers for the 4 homeless shelters in my area.
I bought 800 books for a reading program for homeless kids.
I spent $50k to start a program to help homeless moms get jobs.
The rest I put away for retirement / J's college.

If I had it again, I'd buy another office building for additional income. My office building didn't cost $1m, but the cost of commercial real estate here has skyrocketed, and it's a good way to earn money because you don't really have to do much. I would also buy more computers for our WorkStart program for moms.

Amy - posted on 05/26/2012

Pay off our house, pay off our debt, and then put the rest away for the kids college education. I would probably use some of the money to take a vacation....that takes care of just about all of it :( wouldn't last us too long.

Teresa - posted on 05/26/2012

Pay off my bills, set up my Mom and sister, make sure the kids had some set aside and buy a house on my own land and travel. I'd invest some of course but that wasn't as much fun was it?

Sharon - posted on 05/26/2012

Pay off our mortgage.
Put some aside for the kid's secondary schooling.
Buy a new car and a horse float.
Have a spend-up at the mall!!!!

Dove - posted on 05/26/2012

Vacation home in MI.... ;)

Katherine - posted on 05/26/2012

Well with the market in MI, $300,000 are selling for $200,000 or less.

Dove - posted on 05/26/2012

Buy a new vehicle.

Pay off a debt (I only have one).

Take a vacation.

Give away some money.

Live with it.

I thought about buying a house, but a million wouldn't go too far and I really wouldn't want all the various responsibilities and costs that actually COME with owning your own home. Renting and having a landlord and maintenance guy to take care of things is much better to me than having my 'own' space. ;)