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Old 11-30-2004, 12:20 PM   #1 (permalink)
Insane
 
Location: Georgia
What would you do with $1m

Not exactly finance, or maybe it is, but what would you do with 1 Million $$?
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Old 11-30-2004, 12:25 PM   #2 (permalink)
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Location: Midway, KY
"I'll tell you what I'd do, man, two chicks at the same time, man."

"That's it? If you had a million dollars, you'd do two chicks at the same time?"

"Damn straight. I always wanted to do that, man. And I think if I had a million dollars I could hook that up, cause chicks dig a dude with money."

Bonus points if you can name the movie.
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Old 11-30-2004, 12:33 PM   #3 (permalink)
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Location: Paradise Regained
That's a funny quote. I think I've seen the flick but can't recall.

To answer the question, which I actually have thought about more than once...

I'd pay off my few debts. I'd move out of my mobile home and buy some actual property and build a house, not a monster hollywood celebrity house, but a house for a family. I'd give my folks some so they could retire and build their dreamhouse. I'd give my brothers some so they could do with it what they wanted. I'd travel to New Zealand and Kenya, and North West Territories and Kentwood Louisianna. And I'd buy an economically sound car like a hybrid. And I'd invest the rest. Simple but true.
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Old 11-30-2004, 12:34 PM   #4 (permalink)
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Isn't the quote from Cheech and Chong?
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Old 11-30-2004, 12:36 PM   #5 (permalink)
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Location: Georgia
Office Space!!!
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Old 11-30-2004, 12:43 PM   #6 (permalink)
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I'd give $10,000 to 10 people (close friends and family).
And keep the rest in the bank until I could decide exactly what to spend it on.
 
Old 11-30-2004, 01:26 PM   #7 (permalink)
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Location: MD
I'd buy a $1 million of Lego! Well maybe not, but I'd buy a lot.
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Old 11-30-2004, 01:30 PM   #8 (permalink)
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What about investing it? Could you imagine the payback? I am not sure I would trust the stock market when I already had $1 million.
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Old 11-30-2004, 01:38 PM   #9 (permalink)
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I'd buy some art...like a Picasso, or a Garfunkle

Points to anyone who gets that reference.
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Old 11-30-2004, 01:39 PM   #10 (permalink)
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i would buy a bar and make it into the best bar in the world and then next door i'd buy a curry house. Oh wow that would be the coolest, mmmm, beer and curry. I'd better stop now before i drool all over the keyboard.
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Old 11-30-2004, 01:44 PM   #11 (permalink)
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Office space rules. One of the most under apprecated movies of our time. I am going to go home sick right now so I can watch it.
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Old 11-30-2004, 01:47 PM   #12 (permalink)
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Boring, but I would pay off my debt, invest a large chunk and take the rest put toward going into business for myself.
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Old 11-30-2004, 01:49 PM   #13 (permalink)
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oh got so excited I forgot to answer the question. I would do what I do now. I would buy and fix up and sell houses on a more bigger scale. a million bucks is not much anymore but it would be a great start.
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Old 11-30-2004, 01:50 PM   #14 (permalink)
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Yeah, invest it and live off the interest. Seems to be the best way to go. You wouldn't have to work another day in your life.

That would be an incredible relief.
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Old 11-30-2004, 01:53 PM   #15 (permalink)
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Quote:
Originally Posted by God of Thunder
I'd buy some art...like a Picasso, or a Garfunkle

Points to anyone who gets that reference.
Grr... I must remember the song.....

Oh!

If I had a Million Dollars by Barenaked Ladies

Gimmie my Points!

If I had a million bucks, I'd retire. I'd blow a maximum of 10% and invest the rest into a very diverse portfolio - including a large chunck of real estate.

I'd be set for life.
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Old 11-30-2004, 02:09 PM   #16 (permalink)
No. It's not done yet.
 
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Cinnamon raisin toast for all my friends!
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Old 11-30-2004, 02:16 PM   #17 (permalink)
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Buy a Quizno's
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Old 11-30-2004, 02:21 PM   #18 (permalink)
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Location: inside my own mind
buy a red stapler...get myself mostly out of debt...quit this work study crap , and buy some good food for once...god damn meal plan.
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Old 11-30-2004, 05:05 PM   #19 (permalink)
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Location: California
Quote:
Originally Posted by Stompy
Yeah, invest it and live off the interest. Seems to be the best way to go. You wouldn't have to work another day in your life.

That would be an incredible relief.
Another day in your ilfe?!?!?! What the ?! A million isn't that much anymore, and in places like the bay area in CA it'll get you an average house =/ It'd be an awesome investment though and you would make some nice extra dough for fun spending. Probably college though, and of course i'd buy a fckin sweet car.
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Old 11-30-2004, 07:32 PM   #20 (permalink)
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Location: Sydney, Australia
pay off my debts, give some to my family, do some renovations on my house and if there is any left invest it! (well, maybe buy a few 'treats')
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Old 11-30-2004, 08:12 PM   #21 (permalink)
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Quote:
Originally Posted by Stompy
Yeah, invest it and live off the interest. Seems to be the best way to go. You wouldn't have to work another day in your life.

That would be an incredible relief.
Yes you would. Inflation would nibble away if you invested too cautiously.

Heck, I'd work seasonally, and then chill out 6-7 months.
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Old 11-30-2004, 09:09 PM   #22 (permalink)
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invest

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its easier to make money once you have it.
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Old 11-30-2004, 09:31 PM   #23 (permalink)
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Old 12-01-2004, 04:51 AM   #24 (permalink)
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We wouldn't have to eat Kraft Dinner...but we WOULD!!!!
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Old 12-01-2004, 05:36 AM   #25 (permalink)
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Location: In a forest of red tape (but hey, I have scissors)
Ok, here's one for all of you. I have mentioned before that I was divorced. Well, get this, my ex-wife inherited $12 million bucks a year before we got divorced. And no, I didn't take any of it when we split. I did, however, manage to get $1 million apiece into trusts for my daughters (college, house, etc.) that she can't touch. And by the way, for those of you that said you'd retire on it, she's already blown half of it.

Oh, and for the record, I am happier than ever now with my new wife, who by the way, we just found out is expecting.

Money definitely does not buy happiness.
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Old 12-01-2004, 08:30 AM   #26 (permalink)
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definitely invest it and enjoy the interest. Sounds boring but it would maximize the return.
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Old 12-01-2004, 08:43 AM   #27 (permalink)
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Location: Ontario, Canada
Invest. Allocate some of the above-inflation return as income, and roll some of it back into the fund to offset downturns.

I am aware that you can live a lifestyle where 1 million $ won't even buy a home. I don't really want to.

I'd otherwise continue living, but I would be relatively free of any worry about finiantial security.

(Even 4% after-inflation/tax return would be enough: roll 1% back into the fund. 30,000$/year is well more than enough to live on.)

Naturally, the first thing you'd want is to contact accountants and do some finiantial planning.
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Old 12-01-2004, 09:15 AM   #28 (permalink)
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Take some of it (maybe 200k) and visit China and Japan. The rest goes to the bank (the intrest would add up over time), and paying off debts.
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Old 12-01-2004, 07:13 PM   #29 (permalink)
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Quote:
Originally Posted by Captain Nemo
Ok, here's one for all of you. I have mentioned before that I was divorced. Well, get this, my ex-wife inherited $12 million bucks a year before we got divorced. And no, I didn't take any of it when we split. I did, however, manage to get $1 million apiece into trusts for my daughters (college, house, etc.) that she can't touch. And by the way, for those of you that said you'd retire on it, she's already blown half of it.

Oh, and for the record, I am happier than ever now with my new wife, who by the way, we just found out is expecting.

Money definitely does not buy happiness.
The statistics for how many lotto winners go broke in 10 years is staggering.

An idiot with money is still an idiot.
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Old 12-03-2004, 11:54 PM   #30 (permalink)
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I would take the money and reinvest it into the stock market...I would probally wait for a new IPO like JOBS (check it out at yahoo.com/finance) to come out and invest it all into it. I would take some of it when I got it to get an nice import car and hook it up. Also I would buy a lot of pot.
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Old 12-04-2004, 10:05 PM   #31 (permalink)
 
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Location: Canada
bet it all on black

seriously though - I've got 2 companies I'm working on right now that both have the potential to earn >1 mil in revenue so honestly - I'm not sure what the hell I'd do if I actually make it...

Paying off debts would be nice. Buying a house. Same thing most folks are looking for.
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Old 12-04-2004, 11:46 PM   #32 (permalink)
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Location: Salt Lake City
Maybe spend $20 or $30K on assorted stuff and invest the rest of it.
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Old 12-05-2004, 10:45 AM   #33 (permalink)
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Throw it all in a bank or some low risk stocks. 3% is $30,000 a year. Not to bad for sitting on your ass.
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Old 12-06-2004, 04:44 AM   #34 (permalink)
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If I had a million dollars I would invest in a joint venture of some sort with some multinational company .. probably in the bio medical field cause i think it's like the chip industry which used to boom in the 1990s... after about 5 years .. i should have made profits of around at least 10 imillion.. i'll retire , marry a hot chick and relax
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Old 12-06-2004, 06:35 AM   #35 (permalink)
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I'd live modestely and invest the rest in mutual funds.
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Old 12-08-2004, 10:45 AM   #36 (permalink)
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I would make a good paypal donation(10K?) to TFP so I could finally see the Erotic Forums
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Old 12-08-2004, 06:43 PM   #37 (permalink)
Go faster!
 
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Location: Wisconsin
I know I would get my ass out of debt. Might pay the house off, and then I would buy two NEW cars. Probably a C6 ZO6 when they debut, and a "pocket rocket" kind of car...probably a Neon SRT-4. I'd finish off my Oldsmobile project, and then give my parents $15,000. After that, I'd still have about $850,000 left, so probably $750,000 of it would go to investments, and the remainder would be "play" money, as I would still work.
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Old 12-09-2004, 07:25 AM   #38 (permalink)
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Park it in some money-market account or short-term financial instrument for a couple of years and then, when the real estate market crashes because of high interest rates, buy some residential income property at good prices with high down payments. Use the income from them for retirement.
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Old 12-09-2004, 08:18 AM   #39 (permalink)
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Location: Ontario, Canada
Thinking about this again, I'd take half of the money as 'play' money.

By 'play' money I mean I'd use it to fund a business. If it fails, I would still have half a million, giving me 15,000$/year in passive income (more than enough for a single person to live on), and if it succeeds I'll have
a> Given something back to the economy
b> Have more money to play with!
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Old 12-09-2004, 08:27 PM   #40 (permalink)
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Buy a house for sure, get that out of the away, pay some bills, then live off the intrest for the rest of my life.

And being from Chicago, I would have to get season tickets for the Bears and White Sox.
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