Comments on: Poll – Would You Spend All Your Money If You Won 1 Million Dollars Today?

By: marci

marci — Mon, 28 Sep 2009 14:33:19 +0000

I’d be retired. Immediately
I live low enough on the hog that the interest alone on it would be three times my annual salary, so it would be no problem to quit working

I’d move more rurally and have room for fruit trees as well as as bigger garden. Except for moving I’d let the money ride mostly

I’d finish getting my daughter thru nursing college, and I’d set up college accounts for all my grandkids

And I’d be able to give, from the interest, to my fav charities locally. I think except for being able to give more generously, and to spend more time with my family (not working) my life would not change a lot as I’m already about as happy as a person can be!

By: Josephq

Josephq — Sat, 04 Jul 2009 11:18:29 +0000

million is quite easy to spend actually. Its not much really..but i would keep 100k aside for friends, 300k on vehicals, 50k on charity, 100k on family save 200k and with 250k on vegas and 50k in Amsterdam (maybe a world tour with vegas winnings.

By: toto

toto — Sun, 14 Jun 2009 18:32:29 +0000

I want to have 12 million. But, one million would not be bad at all. Pay of $220K debt and play with the rest. I would not be investing a lot into investment portfolios, instead build a business that would keep me busy for the rest of my life and help the economy… one thing we would do is around the world cruise on HAL in January 2010.

By: slingfisherdrogg

slingfisherdrogg — Thu, 18 Sep 2008 10:17:38 +0000

I would purchase a larger, detached house with about one acre of land in the country where it is cheaper. I would have to sell my present house to have enough money because I think such a house as I would like would cost about £750000 in the uk.

By: debtdieter

debtdieter — Tue, 11 Dec 2007 20:51:31 +0000

I think I’d spend around 6% right away, paying off all my debts, and hiring a financial advisor to help me allocate the rest wisely.

By: MoneyNing

MoneyNing — Wed, 31 Oct 2007 05:30:26 +0000

Stephen: You are the first person to say that you will still keep working but retire after one year and live off the interest. I think that’s such a good idea because most people end up using much of the winnings early and then end up not having enough when they could’ve delayed the enjoyment but made it last a lifetime!

By: Stephen

Stephen — Tue, 30 Oct 2007 23:12:11 +0000

Omg.. if I got a million dollars… I would put it in a high yield savings account that earns at least 5%. In a year, I would earn 50k or more in interest without ever touching the principle. After taxes, you are looking at around 35k a year to spend. How many of us americans live with a 40k/year job? That’s before taxes. That is more than enough to live on without ever working. Treat each month like it’s your paycheck and pay off your bills and debt till it’s all done. I would however work a good solid year so you could build the interest up to where the second year, you could start spending your interest money and just retire forever.

By: MoneyNing

MoneyNing — Tue, 30 Oct 2007 04:23:39 +0000

plonkee: Wow that’s very generous of you to give $100k to charity in one big swoop I would be calling you if you win the lottery or something!

Let’s Discuss Money: Imagine that you just won something that will take you 30+ years to pay off (mortgage + years to gather down payment) and you wouldn’t think that $1 million USD is not a big deal Think positive!

By: Let's Discuss Money

Let's Discuss Money — Mon, 29 Oct 2007 15:14:01 +0000

$1 dollars (about £500,000) doesn’t go very far here in the UK – my next door neighbour’s house just went for £485,000, but I’d probably buy a property in Spain and a few apartments in Prague, put £100,000 into shares, and give what’s left over to family and relatives.

By: plonkee

plonkee — Sun, 28 Oct 2007 15:09:38 +0000

I’d be giving 10% to charity, 5% to my parents and each to my siblings, spending 1-2% straight away. That puts me over 30% already.