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

Brad

If you live in Australia, you've already won the lottery. If you're healthy, you've won it twice.

Best answers, below?

Anujyoth: Masters Degree (The best investment you can make is in yourself.)

Others: Buy a house OR pay off the mortgage. (Shelter is critical.)

Bottom line: That amount may seem like a lot of money. Unwisely spent, it won't change your life at all... .

Mona31584416

I have made a promise to myself, if i ever acquired a mass amount of money i will have to dontae 1/3 of it to a charity organisation which has a great cause.

socker

Invest it

Leonard 31400259

I would first pay out my mortgage and depts. Then I would purchase a 100acre farm for my kids. I would also set up small business.

Andrea31416172

I would invest some for sure, I would give some to my Dad and buy a house with my Husband.

PGS

$1M won't make a lot of difference in Sydney. Moving out, I could live quite happily somewhere like Cowra or Parkes.

Big Mal

I would pay off the mortgage and car loan, go on a holiday. The rest would be invested.

AlvaroCervan

put it on a bank with a 4% interest, you will be earning 4000 $ a month for free

chicababe

i would invest it and use the interest to help family and charities and enjoy myself without feeling guilty

purpleboo

Open a plant nursery and specialize in certain plants and unusual ones. I would have a climate-controlled greenhouse for tropical and carnivorous plants , have and sell aquascapes, a pond with aquatic plants and fish, hold workshops to teach gardening, a cafe with everything organic and have a park where people can barbeque or picnic. I would build a house for myself on the property.

Anonymous

Buy or lease accomodation and invest so that an allowance is paid to house, feed and provide the means for thinkers and artists to work on their projects with some publicly accessible, open-source output. This would be free of substantial administrative, supervised or supervisory work - their task is to focus and produce whatever they produce. Some system would be constituted to appropriate evaluate each project in its own context and on its own merits - multiple ways of knowing would be valued - and protected from corporate co-option.

boppa99

I would get a unit near the water if I could ,Because I would love to own instead of Renting,And the option of having a surf ski again to paddle on the Harbour

. V

I'd give half to my husband and tell him to get out of my life go make someone else's miserable then I would go on much needed holiday

jb

A Maserati, there's one near us and it's fab !!

Lynjoy

As I have lost my job, I help the community & now I need help to continue with it.

Wyrd

Put part into a house and then invest some and a holiday back to Europe.

Ruby1955

I would buy myself a new car and go on my dream holiday to Canada. Then I would give some to each of my adult children. And the majority of it would be put in a high interest account so that I could live off the interest

MazzyJ

I would buy a house in a City so I would have use of public transport and not have to drive an hour one way just to get a blood test. I would then go o my first holiday in 15 years. I would head to Alaska to meet my penfriend of 14 years for the first tme then take us the the UK to see Stone Henge and a couple of other places

bhayu

For sure, first thing i will do is paying off my mortgage.... Then I will buy at least 2 small houses for investment. The last quarter of it I will use it to open a small business of my dream, a small perfume shop.....

Flymow

If I won a million dollars, I would pay off my debs, assist several friends and family members and invest the balance for an income as I was just made redundant after 42 years and haven't a hope in hell of getting another job.

afn1960

Pay off my debts, then buy a Plane ticket to see the world and take my time seeing as much as I can

roddles

I would provide a considerable deposit for a house/apartment for our 3 children as well as using some of the money for a variety of cruises and holidays such as the Trans Siberian Railway.
In addition I would donate approx. $150000 to charities such as Able[ please look them up!], World vision and Medicins Sans Frontiers

Sweets1

Invest in property and some in the bank and live off the interest

gyro

I,d buy my 34 year old son a house and go around every day and break or lose something and then bring home piles of useless stuff for him to store and fall over.Next i,d move in on minimal rent maximum mess ,very average respect and not eat anything or complain about the stuff i do eat eventually. His only response would be to madly start buying lotto tickets .

gyro

I,d buy my 34 year old son a house and go around every day and break or lose something and then bring home piles of useless stuff for him to store and fall over.Next i,d move in on minimal rent maximum messvery average respect and not eat anything or complain about the stuff i do eat eventually. His only response would be to madly start buying lotto tickets .

gyro

I,d buy my 34 year old son a house and go around every day and break or lose something and then bring home piles of useless stuff for him to store and fall over.Next i,d move in on minimal rent maximum messvery average respect and not eat anything or complain about the stuff i do eat eventually. His only response would be to madly start buying lotto tickets .

Brad

I've won a million dollars? Knew it would happen eventually. I've only been buying Lotto tickets weekly since 1979. (Maybe I've _spent_ a million dollars?!)

OK... if a million came my way, I'd set up a small business on the main street of our little coastal tourist town, hiring electric bicycles to tourists, at reasonable rates. Why _electric_ bikes? We've been really impressed to see tens-of-thousands of EVs on Asian roads in the last few years. As Australia's population ages, more grey nomads will be touring Oz... and some of our coastal hills are j-u-s-t beyond the strength of the mid-70s and 80s. The beauty of EVs like these is you pedal for most of the ride, then switch to e-Power when a major hill looms ahead.

And if that cool mil doesn't materialise? Well, my missus (bless-her-heart) has promised me an electric mountain bike for my seventieth, just ten months away... !

PGS

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.

elljay

On a house a car and setting up businesses to help others.

Yqsymnx

Pay off debt.
The current return on investments would most likely not offset the interest charged in this current economic environment

grrl

First i would invest it while i work out a 20 yr expenditure plan. Perhaps after a few years i would buy or build my own home and then i would travel as i love travelling

Mickey

I would paid off all my debts and then invest the rest for retirement

espoir

10% for spoiling myself such as shopping and travel, 90% towards buying the property

Mikaren

If I won a million dollars the first thing I would do is pay off my debts. I would then pay for half my eldest sons' house and give the same amount of money to my youngest son to be invested. The rest I would put aside for when I have to retire.

Anonymous

a nice block of land in the country and sustainable power and food source, then id build a big old hippy mansion and we can boogie all night every night.. talk about #squadgoals.

Zelda

I'd buy a spacious apartment on an upper floor in a good area. It would have all the mod cons and a beautiful, spacious balcony area where I could grow plants and veggies in pots. I feel safer living higher up, and would love to have a garden in pots, as opposed to the fuss and bother of an actual garden.

heybabe1371

1 / pay off debts of myself & my parents
2 / gift a portion to siblings, nieces'n'nephews
3 / buy a house (am currently renting & want a place of my own)
4 / be frugal & live off the interest

GoBears

First of all I'd go on a much needed long European holiday with my daughter. Then I'd return and buy a nice apartment, a new car, pay my daughter's last year of her law degree and still have plenty to invest wisely.

Ash

I would invest in a piece of property. No rent, no mortgage, and generating equity to buy another home and rent the first to provide for passive income.

Lukey23

For me it would have to be investing part of it in real estimate first to get some income coming in by renting the property, most likely near a University. The rest will go to me travelling and looking at what trends are emerging in other countries and then come back home and start to open up shop on the emerging trends to make some fast money back. If it loses then at least i still have the money from the investment property coming in each fortnight.

daphners

Pay off my mortgage, and pay a substantial amount of my children's mortgages, in my cas e because I am retired and it would make it easier financially and to assist my kids

pizzas57

invest and live of intrest

ssb

Half a house in Sydney. Because that's the only way I might afford one.

annie

If I won a million dollars I would pay off my mortgage that I have on my house and then take my family on a holiday

mrwonderful5433

I would get a visa to bring my family to Australia from the Philippines and buy a home to live in. I would invest the rest.

MazzyJ

I would buy myself a house in a place I want to live. Give some money to my family. Go on a holiday. Buy the healthiest food I could get my hands on. Buy a new car (I love my old one but it's about 20 years old). Invest some, give some to charities. It wouldn't solve all my problems but it would make living with my healt problems a lot easier.

custodio

If I have a opportunity to win 1 million dollars , will pay my debts and open up a charity for mental health because they are very discriminated.

oldmac

At our stage of life my wife and myself would travel while we are still able. She was born in Scotland and my parents were of Scottish and Irish descent. So come on the UK and then all others.

Ziah

In order: Mortgage. Plastic surgery, holiday, parents, invest what's left.

queenofsoul

I would do several things...1. Invest in shares for future. 2. Buy a property for my family.3.Fund some well needed help in a third world country,build a hospital and supply beds,linens,equiptments(MRI,ECG and Computers) medicine and doctors and nurses who are willing to help out.Build a library to equip with (educational Books,Computers for researching.Build a Day Care Centre well equipped with early development and interactive literature,games,toys and computers 4.Spend a well needed holiday with my family.

frannymanny

If I won a million dollars I would invest in in order to produce an income. I would use the income to live on, to help my family and others . I would absolutely not kill the goose that laid the golden egg and spend it or recklessly give it away.

jessie45

I would buy 5 acres and build my dream home on it , I would also pay off my other house and rent it out. Then any money left over I would invest it for the future.

Anonymous

on people who are good to me. Invest some, and spend some on what makes you feel good. Keep away from greedy, ungrateful people.

Teka

I would buy a house and save rest for kids education

kat2

Invest part but also buy a house with part of it.

s

Purchase a home. (Somewhere to live in the future and for future generations to live)

Invest in a business. (Something to do and earn money from)

Give some to my children. (To help them financially)

Place some in an investment term deposit with a main bank. (Money saved then use the interest and add this to the principal amount to grow the investment)

loctent

if I won 1 million dollars I would spend a lot on parties drink and gambling and probably just waste the rest

PGS

if I won 1 million dollars I would spend a lot on parties drink and gambling and probably just waste the rest

That sounds familiar.

Jezemeg8

if I won 1 million dollars I would spend a lot on parties drink and gambling and probably just waste the rest

If I was fortunate to win a large sum of money the first thing I'd do is help my daughter and son-in-law out, they are suffering badly because of a company that went bankrupt (and rose from the ashes the day after under another name) and left them with a huge debt to the ATO. Then I would do what I could to help my friends who could do with a helping hand financially. My needs are met, as are my two four legged companions, and I would rather use the money to help friends and family NOW then invest it for them to get after I'm dead.

Anonymous

At least 30% would immediately go in re-investment and the other 70% would go towards holidays, a car, small boat and a down payment on a home.

omygod

If I had a million dollars, the first thing I would do is get my teeth done. Then go to a health retrea to loose weight, do the Ghan and Uluru. Then put some in an investment and then take a round the world cruise. Apart from this I would then sit and decided where to go next. But I wouldn't do is tell anyone I had won the money, not even family.

Brad

Dear Brad, easier said than done. I have multi medical conditions and at the moment have no interest in food. I have to force myself to eat even 3 small meals a day. Sometimes I go most of the day...

OMG: "...before you preach your circumstances..." What are my circumstances? I'm a few days off seventy, grow a lot of my own food, am independent of all welfare and always have been... . Yes, I'm blessed... and a million dollars won't change that (or me).

Have you ever made a list of the 'pros' in your life, OMG? You live in a wonderful country*, have experienced a great education system, enjoy clean unpolluted water, and have access to subsidised medicine. Pity you don't 'like' fish or any 'fish products', as these are very healthy dietary choices. I eat many things I don't like, simply because I know they're good for me.

Would a million dollars change your life? How?
* With a welfare system which is the envy of the rest of the planet.

omygod

You don't need to win a million to lose weight, OMG. I simply reduced portion size. I weighed 97.5 kgs back in mid-October 2015. I'm maintaining my 'new normal' between 79 kgs and 81 kgs. OK,...

Dear Brad, easier said than done. I have multi medical conditions and at the moment have no interest in food. I have to force myself to eat even 3 small meals a day. Sometimes I go most of the day and don't have food. Being unable to walk far, nor having a gall bladder means most of the food i eat isn't digested properly as you need bile to help digest your food and movement. I don't do second helpings, nor diet pills, nor extreme exercise, nor alcholic or chocolate as I don't like these, nor soft drinks, mostly is water. Also depends on your age and your financial circumstances with being able to afford fresh organic food, or even fresh vegetables, i don't like fish or any fish products, can't have peas, corn, tomatoes or drivitive products, no seed breads, wholemeal upsets my system. So before you preach your circumstances think maybe other's are not the same.

Brad

If I had a million dollars, the first thing I would do is get my teeth done. Then go to a health retrea to loose weight, do the Ghan and Uluru. Then put some in an investment and then take a round...

You don't need to win a million to lose weight, OMG. I simply reduced portion size. I weighed 97.5 kgs back in mid-October 2015. I'm maintaining my 'new normal' between 79 kgs and 81 kgs. OK, do the sums. What would _you_ weigh if you lost 20% of your current weight? Isn't it worth it, by putting less on your plate... and rejecting second helpings? No diets, pills or extreme exercise. OMG, that's ALL I did... and it worked!

annie

If I won a million dollars I would pay of my mortgage that I have and then spend the rest on a holiday and give my children some money

anujyoth

First thing I will do is to pay off the mortgage
second, i will do masters
third ,give some money for charities
fourth, invest for future

bonacci

First thing I will do is to pay off the mortgage
second, i will do masters
third ,give some money for charities
fourth, invest for future

I like....... ����

double ngong

put half away and invest the other half. buy a house

Lilmel

put half away and invest the other half. buy a house

Im the same. I would def buy a house, no more renting or mortgage. Amamzing.

nicko76

I would invest the money its that simple....

bearman

I would invest the money its that simple....

I'm with you Niko76. If you spend it you have new cars, holidays etc but then what? You still have to work! So I would put it into something safe that gave me a steady supplementary income, because it wont generate enough with todays interest rates to retire on. As to sharing it with friends and relatives, unless they were dying or about to be evicted; tough because they wouldn't share with me if they won.