Comments on: Your Take: What Would You Do With A Million Dollars?

By: ellington1

ellington1 — Sun, 18 Sep 2011 18:22:09 +0000

I would definitly invest for our future and maybe spend a mere 5% and no more,pay off my home ,buy a newer car,invest invest invest with the rest and live well praise god and jesus.

By: pearly

pearly — Wed, 30 Mar 2011 08:15:15 +0000

I’m doing a speech on what would i do with one million dollars for school and your idea gave me a graet idea.

By: janie eddins

janie eddins — Mon, 28 Feb 2011 21:37:02 +0000

At the age of 59 I have already saved 1.2 million dollars and have a local govt pension and retiree health insurance after 36.5 years of employment total. This came about by very careful saving, budgeting, and fiscal discipline to achieve my goal of retirement while I am still young enough to enjoy it!! It has been well worth the sacrifice. I am still very careful. I want to STAY retired without worry or anxiety. Save, save, save. It is SO important! Janie

By: AJ French

AJ French — Thu, 20 Aug 2009 23:55:44 +0000

I would build a home for people who didn’t have a home to live in. In January 2009, approxiamtely 750 people were identified as experiencing homelessness in Madison County, Illinois. I have recently invested all of my time & energy into an organization that will provide housing (and employment services) for persons with psychiatric conditions, but $1 Million dollars would make it happen a lot sooner!

By: Anonymous

Anonymous — Sat, 21 Mar 2009 18:57:18 +0000

Nor should it.

By: Trisha

Trisha — Thu, 25 Dec 2008 01:07:44 +0000

If I had a Million tax free Dollars! I would give a $175,000 to Charity! I would put some away for my four Children. Buy a House and a Car. Then pay all of my $50,000 in Debt! Live Comfortably!:)

By: francela

francela — Thu, 12 Jun 2008 22:46:34 +0000

If I had a million dollars I would help set up daycares that pay more and give benefits to the people who take care of our children…I have a 22 month old and a 6month old and as a working mom I need to have these facilities take care of our kids. I am scared that some of the daycare workers aren’t qualified to take care of young children.
If all children at the daycare paid the same amount it would also be fair for the parents of high income and lower income be able to afford daycare of good quality. I think investing in daycares is a good way to make money and help society as a whole $1 million is a good start!!

By: peter smith

peter smith — Sun, 08 Jun 2008 02:29:28 +0000

IF i had one million i would build a mariner for boats to and a beuitful place where you can go play glof. Also build me a lummber comany and also a frew appartment to rent out. also a gas asstion. And people who are in need.

By: Stuart

Stuart — Fri, 16 May 2008 18:25:54 +0000

red or black, red or black?

By: steve

steve — Tue, 13 May 2008 04:24:03 +0000

i would make sure my children and my grandkids would be taken care of 1st. my mother wouldn’t have no more worries the rest of her life. as for me an my wife we have never had much so i would probably get a few nice things. and donate some to a cancer research program of some sort. that would be about it.

By: pete

pete — Mon, 12 May 2008 20:14:47 +0000

(Context: I am 22 and debt free.)

Would ‘spend’ it all on freedom called Vangaurd equity index funds, allocated according to global market caps.

I would spend the dividend each year. With a current dividend yield of around 2% and a history of going up over time (also in real terms), this would give me more options in life. I would continue working, adding maybe 10K of my take home salary to the dividend stream in the first year, 8K the second year, 6K… and be financially indendent after 5 years at age 27. All salary over 10K goes into my nice big freedom nest egg.

I can imagine myself using the dividends for special travel (North Pole, French Chateau vacation, Ferrari drivers weekend, …) in the first couple of years, for a nice wedding and house once travel starts to lose its novelty, and my future children once they arrive in – at least, I may hope – 7 years.

By: clicclic

clicclic — Mon, 12 May 2008 17:14:48 +0000

If a million $$ fell in your lap you’d become REALLY conservative REALLY quickly. Or, you’d become FOOLISHLY FRIVOLOUS until it was completely gone.

It’s amazing how quickly you learn about yourself when you receive a giant wad of cash.

When you’re young your subconscious screams “don’t worry be happy!” and out the window it goes. If you’re old in age or in spirit, you become very scared very quickly about this cash. All these charitable comments (I’d give 10% to…) are quasi-laughable; if $1 mil appeared out of thin air you’d worry about only one thing: how to protect it and yourself. It’s a scary responsibility.

Don’t fool yourself…

By: thomas

thomas — Sun, 11 May 2008 20:22:31 +0000

I’d take a month long vacation, and travel to all the places i want to see. Sure, everyone will pay off their home and debts, that should be a given. Hopefully nobody has more than a million in debt, so you could have some leftover money.

But what would you REALLY do with the “fun” portion? Like I said, i’d vacation. I’d spend a 7-10 days in Europe, another 10 days in South East Asia, hop to China for 3 days, then spend the last week in Africa at one of those safari joints.

I’d set up a scholarship at my alma mater. Nothing big, but something like a $1k yearly deal for 10 years. I wouldn’t target the super poor, I’d focus on the kids whose parents make too much for free money, but not enough to pay for college (which was my deal).

I’d do a lot more if that million was 20 or 50, but you could still do some good with that new bag of nickels.

By: AndyS

AndyS — Sun, 11 May 2008 19:26:42 +0000

I’d go to vegas and put in all on black…

Realistically though I would use it to pay off outstanding bills and ramp my investments. I would though take 10% for fun and spend on whatever I want, 10% to family and friends in financial need and 10% to charity.

Andy.

By: MoneyNing

MoneyNing — Sun, 11 May 2008 06:11:31 +0000

Dividend stocks is a good idea because of the income and low tax rate (for now). I wouldn’t be looking for capital appreciation so much so value stocks over growth since there’s less risk on the down side.