Cars & Transportation

if you won 1 million dollars what will you spend it on? and why ?

Cars & Transportation

Posted by: bonacci

3rd Mar 2015 09:15am

if you won 1 million dollars what will you spend it on? and why ?
Think carefully dont be stupid

PGS
  • 27th Mar 2016 11:56am

Even with a modest house, in Sydney $1M won't go far.

1) With only 1M, I'd still be working. No choice.
2) use $100k as a deposit, max $40k to replace the car (more likely under $30k)
3) up to $20k for a 3 month holiday visiting rels in Europe & Asia.
4) invest the rest, first so it returns the interest to replenish the original $1M, then to the balance of the house payments.

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