My friend and I were just talking on what we would do when we make our first million dollars online. Would you reinvest it on things online that you are already doing so that you can make your first billion, or blow some of it on fancy cars, nice boats, etc? Frankly, I'd probably reinvest it because I've always wanted to buy a big yacht one day, and last time I checked they cost over $1 Million. What would you do?
Part to charity. It's always good to give back. New car. 30% into bank. Reinvest rest in web projects and stocks.
First thing I would do would be to pay off all my debts. Then I'd probably put some of it toward improvements of my existing online ventures, and maybe get into some new ones. Then I'd buy my wife the historic home that she's been wanting for a long time
I'd invest them all in time deposits and live off the interest or use it to finance other investment opportunities.
I would probably put some of it in a ING account and watch my 5% come back and compound, but most likely I would have it invested somewhere.