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What will you do if you got 1 million $?





vidafenomenal
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?
Asap170
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?


Nothing is impossible you just need to put your mind to it and work towards your goal.

I would probably buy a data center and then set up a foundation to help people out who are in need.
standready
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible.

Why is that impossible?
If you did a search, you would find at least one, if not more, topics very similar to what you have asked. Just look at the similar topics at the bottom of this page.
Asap170
I thought there was other topics of the same topic, but I was too lazy to search and tell the poster about it so...Why not just start a new one. The other one is probably dead anyways.
spinout
If I get that kind of money:

start a firm! hm, no several firms...

bye a retro styled house.
old cars,,,

Nothing will be modern chabby chic in my house!!!!
jilbs
I wish i can have the same dream Very Happy haha kidding.

if i have $1 Million? ill cut it in 3 portions,
1. For business
2. tour around the world and have fun
3. Charity works. (I will help build a school in a remote area in the philippines and name the building under my Lastname) hahaha Very Happy

guess that's how ill spend it.
coolclay
Well by in large you don't just "get" a million dollars, it's more something you earn. Regardless, I wouldn't want someone to just give me a million dollars, because it would be less, and be much more likely to do stupid stuff with it. Personally I'd much rather earn it over my lifetime, so that I could help my children get off there feet, and get a good education, also having discretionary income later in life would allow me to travel around the world with little responsibilities, and enjoy my retirement!
cybersa
If i get,I will save it on Bank.
Then i take needed amount for regular use.
Helios
This reminds me of the film where a British kid inherited a million pounds and has to make some smart decisions in order not to lose the money. I don't remember the name of the film unfortunately, but it's worth watching.

I'd store it in a bank until one of two things happens:
1. I'll learn how the stock market works. At least to a level which will allow me to make profits.
2. The real estate prices will drop in Israel.
davidv
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?


http://www.milliondollarhomepage.com/

But to answer your question, probably spend it on electronics Confused
shivaghimire
I am searching a job now. I know many of us facing the same problem so I will start a business, manufacturing company which could give jobs to many people. It will help me to locate One million dolor and will make unemployed people happy. That amount will be able to purchase not only happiness of me, a single man but also of many people. The profit of the company will make me more happy because its my own.
malaysia
If got 1 million US Dollar, i will be smile.
If got 1 million Indonesian Rupiah, i will give donate to others
chatrack
If I got 1 million $, not only me many others will be happy, may the income tax department.
LittleBlackKitten
One million dollars. Well, half of it would go in the bank in a high interest savings to live off the interest. School loans and such debts of the house would be paid off. My husband would be getting his dream truck. And, we would get a mortgage for a modest home to be paid off by said interest. Very Happy
ankitdatashn
First of all I am converting these 1 million into Indian Rupees for the sake of simplicity. Hence at the current rate 1 Million Dollars = 4,60,00,000 INR.

I would like to purchase a new house for something near about 1 Crore. Buy a nice car around 40 Lakhs. Increase my trading account balance by paying in 20 Lakhs. Gift all the loved ones ( around 100 Persons ) cheques of 10000 rupees each. Arrange the decor of the newly purchased house for 10 Lakhs. Gift my close 10 people cheques of 1,00,000 each.

Let me see how much is left:

1 Cr
0.4 Cr
0.2 Cr
0.1 Cr
0.1 Cr
0.1 Cr
=1.9 Cr

4.6-1.9=2.7 Cr Left Hmm Still pretty much left!

Invest in two houses of 50 Lakh each=1 Crore
Keep aside for regular donation to charity=50 Lakhs
A World tour with family and friends = 30 Lakhs
2.7 Cr - 1.8 Cr= 90 Lakhs

Put these 90 lakhs in bank. Smile
Josso
630k eh?

Well... I'd put 600k in the bank as sort of a bailout/backup cash flow - and then get a good job in order to support myself, knowing that it was there would sort of be uber motivating to advance my career. Also I think it would force me to learn more about business and economics so I could potentially make wise investments (not huge ones, but you can do a lot with a few 1000s if you know what you are doing)


With the 30k...

BMW 850

Roland tb-303

Korg MS-20

Open pandora

Also the best spec machine I could build!! oh also some high quality coax cable, and a 50w FM transmitter with LPS and RDS. This is just becoming a equipment porn list for me I'm going to stop before I go out and rob a bank.
ExMachina
Pay off my car loan first, then my current school loans and then pay my way through four years of graduate school. After that, it goes towards opening my own clinic/small business, buying a house, starting a family, etc.

I like practical things Smile Though I can't say I wouldn't be tempted to splurge on a new car...
Insanity
I would do nothing for the rest of my life. Kind of like the guy from Office Space.
sledge32
If i get $1 million i would buy a house and a car and buy an internet business that is already profitable and expand it.
Zuex
Property property property.

Rent Rent Rent

And a few business ventures wouldn't hurt, but I would try to not spend any of it on myself, I'll try expand every dollar/pound of it. As we all know, with money you can make more money, so spending it and wasting it away would make no sense at all Smile.
Josso
Ah yes, forgot to mention. PROPERTY! I would try and get a nice house in the middle of the countryside... try and make myself self-sufficient and totally off the grid. Try and cut myself off from as many record systems as possible - generate my own power, grow food, etc.
Ryox
If I ever got 1 Million Dollars, I'd buy a big house (not RENT)

than I'd move all my stuff and have my girl come move in with me and spend my whole life dreaming about How great my life is, until all my money is gone than be in debt hahaha!!

But seriously, If I had a million dollars, I'd just stash it away where no one would find it. Even if its hidden under a bank account... I'd just save up until I die rich! lol
foumy6
I don't even know lol, but what I do know is that is would be to many things to count, or even list. I also know that I wouldn't waste it on things that are going to be obsolete next year.
PeterPatrickGo
If i get so many money, I would clap myself and tell myself I am in the sweet dream.. Embarassed
ExMachina
PeterPatrickGo wrote:
If i get so many money, I would clap myself and tell myself I am in the sweet dream.. Embarassed


Haha that's no fun! You never know what will happen. Razz
Vitorta
Party every day haha! just fun
jmlworld
I don't think it's impossible to secure $1million. You only need time to think and fertile brain to make a lot of money. Also with little luck, you can win a lottery Wink
ankur209
Will buy myself a new laptop, gift a new car to mum-dad and rest i'll give it as a treat to my family and friends ! Wink Razz
Hello_World
Should I win 1 million dollars, I would buy properties, 3 or 4, on a rental income basis, and keep acquiring property over time, until I am at the point where after tax, I have enough rental income to live decently, give a third away to charity and a third to loved ones.

With my money, I would spend my time between travelling and voluntary work. Travel around in a caravan and overseas at backpackers. Live the good life!

Haha can't you tell I've daydreamed about this before lol Smile
nvfree
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?

Philanthropy
cresvale
Do something good.
deanhills
Move to Hawaii Very Happy
kayako20
I used to buy lottery everyday dreaming of that someday I may get $500,000,000. But as you know it is quite hard to hit; Finnaly I understand money earned by hard will be regarded more valuable.
PScript
new COMPUTER lol..
cant stand my frking pentium 3!


maybe even 100+ internet connection will do the job..


( my dream !)
BigGeek
I'd retire, it's getting close to that time in my life, and with a million dollars I could really enjoy my retirement.
apple
I would pay my debts and hope there is enough left over to buy myself something nice Smile
AsadAnsari
If i will found that much amount i will donate 33% of it Insha-Allah.


Helios wrote:
This reminds me of the film where a British kid inherited a million pounds and has to make some smart decisions in order not to lose the money.
I don't remember the name of the film unfortunately, but it's worth watching.

I'd store it in a bank until one of two things happens:
1. I'll learn how the stock market works. At least to a level which will allow me to make profits.
2. The real estate prices will drop in Israel.


I think it was a Movie name Blank Cheque he put his name Mr. Macintosh ..
A burglar hits his cycle and left him a blank cheque .. accidently he fills the total amount of his account value .. and gets rich.
I will build my own house ..
get marry again with any widow or poor.
Start my own business again so i could hire my good friends who ever needs me ..
soljarag
if i had a million dollars, I would do what the guy in the movie "office space" said and do nothing Smile
k_s_baskar
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?


will try to make it as 10 million.
rooterf
Asap170 wrote:
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?


Nothing is impossible you just need to put your mind to it and work towards your goal.

I would probably buy a data center and then set up a foundation to help people out who are in need.


buy an army to get people freedom!
PScript
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?


i will heal the world lol
u16888
If I got 1 Million Dollars, USD or HKD? Razz

I will invest it in Asia property market, HK TW or PH, rental revenue return is 10% each year.

long term lease an island in Philippine, there is cheap, only cost 50K to 100K

than I will stay there every 3 months with my family, I will develop the island 4 resort, we can rent 2 someone to open a party at weekend or holiday!

But now I only have 300K
Peterssidan
I don't know. I probably stop studying and move to some other place. I would make sure I don't spend too much so that I don't have to work for the rest of my life. Other than that I don't have any plans. I would probably start worrying if others expect me to pay for things or lend them money. If I could keep my wealth secret maybe I would.
faten
i will travel around the earth and see all countries Smile
Blaster
I've answered this before but i'm sure my views have changed.

Now if I won a million dollars assuming its a million after taxes I would do a few things. First off make sure my school is payed off... After that I want some sort of classic car so would put some money into that. The rest of the money would be put into a bank account and save for after I graduate. At that point I would use it to buy a house somewhere and start my life out.

I might also considering taking some of the money and putting it towards a nice garage to put my and my dads cars.
Radar
Put in the bank.

Seriously consider donating it.
deanhills
Radar wrote:
Put in the bank.

Seriously consider donating it.
I like that attitude! I'm not sure what I will do with mine. Maybe make a contribution to an existing community project in South Africa, Zamiba, Tanzania, Sri Lanka, Fiji Islands ..... and be actively involved in the project. Buy myself a job to help others.
Blaster
deanhills wrote:
Radar wrote:
Put in the bank.

Seriously consider donating it.
I like that attitude! I'm not sure what I will do with mine. Maybe make a contribution to an existing community project in South Africa, Zamiba, Tanzania, Sri Lanka, Fiji Islands ..... and be actively involved in the project. Buy myself a job to help others.

If I were going to give to any charity it would be my firehouse. I know they have some bills that they could pay off with that. Maybe even put in bids for a new firehouse.

But being 19 years old and still in college I could use the money before I go and donate it. If i use that money now I could donate even more later on in life possibly
deanhills
Blaster wrote:
deanhills wrote:
Radar wrote:
Put in the bank.

Seriously consider donating it.
I like that attitude! I'm not sure what I will do with mine. Maybe make a contribution to an existing community project in South Africa, Zamiba, Tanzania, Sri Lanka, Fiji Islands ..... and be actively involved in the project. Buy myself a job to help others.

If I were going to give to any charity it would be my firehouse. I know they have some bills that they could pay off with that. Maybe even put in bids for a new firehouse.

But being 19 years old and still in college I could use the money before I go and donate it. If i use that money now I could donate even more later on in life possibly
I have a feeling you're going to need it one day for your campaign for Mayor of PA. I just have this feeling you're going to end up running things around there. As well as completely overhaul the firehouse.
Wink
Blaster
deanhills wrote:
Blaster wrote:
deanhills wrote:
Radar wrote:
Put in the bank.

Seriously consider donating it.
I like that attitude! I'm not sure what I will do with mine. Maybe make a contribution to an existing community project in South Africa, Zamiba, Tanzania, Sri Lanka, Fiji Islands ..... and be actively involved in the project. Buy myself a job to help others.

If I were going to give to any charity it would be my firehouse. I know they have some bills that they could pay off with that. Maybe even put in bids for a new firehouse.

But being 19 years old and still in college I could use the money before I go and donate it. If i use that money now I could donate even more later on in life possibly
I have a feeling you're going to need it one day for your campaign for Mayor of PA. I just have this feeling you're going to end up running things around there. As well as completely overhaul the firehouse.
Wink

First off you only get mayors in cities... PA is a state... Therefore the top official is Governor. Second off I hate politics so I could never see myself being the governor or any other high ranking political figure.
deanhills
Blaster wrote:
deanhills wrote:
Blaster wrote:
deanhills wrote:
Radar wrote:
Put in the bank.

Seriously consider donating it.
I like that attitude! I'm not sure what I will do with mine. Maybe make a contribution to an existing community project in South Africa, Zamiba, Tanzania, Sri Lanka, Fiji Islands ..... and be actively involved in the project. Buy myself a job to help others.

If I were going to give to any charity it would be my firehouse. I know they have some bills that they could pay off with that. Maybe even put in bids for a new firehouse.

But being 19 years old and still in college I could use the money before I go and donate it. If i use that money now I could donate even more later on in life possibly
I have a feeling you're going to need it one day for your campaign for Mayor of PA. I just have this feeling you're going to end up running things around there. As well as completely overhaul the firehouse.
Wink

First off you only get mayors in cities... PA is a state... Therefore the top official is Governor. Second off I hate politics so I could never see myself being the governor or any other high ranking political figure.
OK I will then revise my statement to Governor. I wonder how many people who are in politics started by saying they hated politics and could never see themselves as Governors. Then something happened and before they knew it they had been nominated and had no choice in the matter.
Blaster
Most people that have it want it. There are a few people who see a need for change get elected, fix what they need then get out. My friends did that for our towns school bored.
deanhills
Blaster wrote:
Most people that have it want it. There are a few people who see a need for change get elected, fix what they need then get out. My friends did that for our towns school bored.
I don't think I could ever get involved in politics. I just love my freedom too much. And I hate politics probably the same way that you do. Problem is that one finds politics everywhere where you least expect it.
Blaster
There are politics even in the firehouse. Trust me I know politics are in everything.
deanhills
I made a post by accident here and have removed the content so as to avoid confusion. I'd be grateful if one of the Moderators could remove this post. Thanks!
Blaster
Deanhills what are you talking about?
Greatking
Well I must say that nothing is impossible in this lifetime.

When i get that kind of money, I will divide it into Four:

1. The first part will be used to build the most magnificent cathedral in my country for the work of God.

2. The second part will solely be invested into businesses across the globe.

3. The third part I will use to set up a foundation to help the distressed and needy across the Globe.

4. And finally the last one, you can just imagine for yourself.
deanhills
Greatking. Nice idea, but do you think you could build a cathedral on a budget of 250,000 USD?
Very Happy
Blaster
People tend to think a million dollars is a lot of money. However in todays world with inflation and all It really isn't.
deanhills
Blaster wrote:
People tend to think a million dollars is a lot of money. However in todays world with inflation and all It really isn't.
Agreed, I always take the movie stars and their property values as a bench mark for what it is worth and most of the A listed stars are now into billions in wealth. A million is not worth that much any longer.
Very Happy

Yeah! You've made your goal number of points!
Dancing
BigGeek
Blaster wrote:
People tend to think a million dollars is a lot of money. However in todays world with inflation and all It really isn't.


Totally agree with you on this one! It just isn't that much money in today's world, sure it is more than I've ever seen, and I think most here feel the same, but in the grand scheme of things it just doesn't go that far.

I would make sure my family is taken care of, and set them up myself and them up with a livable income, after that, my charitable contributions would increase quite a bit from the meager amounts I give now. But that's about all that sum of money would stretch for.

If you put 1 million USD into a trust, it would equate to between 7 and 8 thousand USD per month, that's good money for not having to work to earn it, but at 8K per month that only equates to 100K per year, which is great income, but it isn't wealth beyond our dreams.

Oh yeah, I'd also donate to frihost Laughing
Robert_Redbeard
vidafenomenal wrote:
I'm dreaming of get 1 million $. of course I know it's impossible. But if you got it, what you are going to do?


That truely is the million dollar question.

But seriously, my first step would be to set up a trust in a non US jurisdiction. I would then set up a business here at home as well as the corporations needed to run it. Also a business in a non US jurisdiction and a home as well.

After that My large purchase would be an ocean going ship at least 100ft long and the needed retrofits. Then I would be a perpetual tourist.
deanhills
BigGeek wrote:
If you put 1 million USD into a trust, it would equate to between 7 and 8 thousand USD per month, that's good money for not having to work to earn it, but at 8K per month that only equates to 100K per year, which is great income, but it isn't wealth beyond our dreams.
How would you go about turning it into 8,000 USD a month? I'm just asking as I really don't know what to do with my savings. And as you know the Banks act as owners of one's money to the extent that it is decreasing in value.

BigGeek wrote:
Oh yeah, I'd also donate to frihost Laughing


I just came across an old post of Bondings that Frihost does not accept donations. Real vintage Steve style. Here's a quote from it:
Bondings wrote:
Since a lot of people have asked during the years how to support/help Frihost, here they are. Please note that this announcement is and will be under construction and will hence get a lot of additions and changes over time.

First of all, we don't accept donations and we will probably never accept them. The same for paid plans and the like.
Source: Ways to help Frihost
faten
coolclay wrote:
Well by in large you don't just "get" a million dollars, it's more something you earn. Regardless, I wouldn't want someone to just give me a million dollars, because it would be less, and be much more likely to do stupid stuff with it. Personally I'd much rather earn it over my lifetime, so that I could help my children get off there feet, and get a good education, also having discretionary income later in life would allow me to travel around the world with little responsibilities, and enjoy my retirement!


I am with you Smile
spinout
i would start many businesses!!!

TV, media in general. A big radiostation aso,

I would buy some vintage cars, I would buy a bigger house...

Hm, was that all?

Hm, I guess I would be the media tyccoon in Sweden!
Greatking
i would pay my tithe.
buy lands.
build houses on them and rent them out.
build churches, schools, hopitals and orphanages.
i would invest the rest of the money.
kaling
investment, donation and get a better life
but all these are a bit idealistic
haha
truespeed
Greatking wrote:
i would pay my tithe.
buy lands.
build houses on them and rent them out.
build churches, schools, hopitals and orphanages.
i would invest the rest of the money.



All for 1 million dollars?
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