What would you do with $1,000,000.00

What would you do with One Million Dollars?

 

These days not a lot

 

Put it in a high interest account, live off the interest and every so often give to my favourite charities and treat myself. But as britishguy says it isn't really a lot nowadays - about GBP £500k, which might buy you a nice house but not much else.

 

haha, make more money var it

 

Use that money to make more money ..
And then use that earned money to make more ...
Then more and more ..

 

Before I'd probably buy a bunch of junk and waste it. For some reason people think it would be hard to blow a mil. It's been proven that most people will blow money they get unless trained how to make money work for them. You see this all the time with lotto winner. I think the statistic is like 75% of lotto winners end up back where they started in 5 years. Regardless of how much money they've made. For this reason I'd buy assets like real estate and start some businesses. I'd set aside a certain amount to have fun with but the rest would be all investing.

 

no end until you game over ?haha

sorry if i offend you

 

not much m8 . if you are talking about a google of dollars, then it may be a lot

 

Yep,
Not going to end till i lost all that money .. or till my game get over

btw,I don't have to worry as i don't have that

 

If you have problem to spend those money, just send me a PM - I can help you

 

Put away $250,000 in a bank, some in convertibles, and the rest in bonds.

 

When you will have 1 milion $ you will know what to do untill then don'y piy stupid questions + it has been ascked few days ago

 

Get Hammered And Stone 24/7

 

I would have done the same definitely. Banks would love to take the money and give me the interests monthly ..aaaa

 

First I'd buy the car of my dreams - a '57 Thunderbird. Then, invest the rest.

 

Agreed!



That's why I'd invest it in a business (not sure what yet) so it'll grow into more millions buying a house is such a waste.

 

I'd invest the vast majority of it.

Wouldn't bother buying a house ... that would use most of it up to get a house in the UK.

 

Property is a good investment, for example my brother brought a house for £280,000 around 14 months ago, hes just had it re-mortgaged so he can buy another two and its worth over £370,000, this in the North London area. A £90,000/$180,000 rise in a year is pretty good don't you think?
The increase in property prices in some parts of London is huge, and investing in property is still far better than bonds and high interest accounts imo.

Well you could just take a mortgage out on 10 properties and lease them out, no need to pay cash for the houses

 

I believe I would invest as well, buy some business that are fun to run.....and of course buy some fun stuff, cars, trips, boat, houses, & toys

 

Of course, the trade off is that you are risking more.