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

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

Last reply: 9th Oct 2018 / 70 replies / Post by bonacci

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nicko76

Posted by: nicko76
Posted: 3rd Mar 2015

nicko76 says: I would invest the money its that simple.... Reply

bearman

Posted by: bearman
Posted: 19th May 2016

nicko76 says: I would invest the money its that simple....

bearman says: 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. Reply

double ngong

Posted by: double ngong
Posted: 3rd Mar 2015

double ngong says: put half away and invest the other half. buy a house Reply

Lilmel

Posted by: Lilmel
Posted: 21st May 2015

double ngong says: put half away and invest the other half. buy a house

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

anujyoth

Posted by: anujyoth
Posted: 3rd Mar 2015

anujyoth says: 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 Reply

bonacci

Posted by: bonacci
Posted: 7th Mar 2015

anujyoth says: 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 says: I like....... ���� Reply

annie

Posted by: annie
Posted: 10th Mar 2015

annie says: 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 Reply

omygod

Posted by: omygod
Posted: 12th Mar 2015

omygod says: 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. Reply

Brad

Posted by: Brad
Posted: 19th May 2016

omygod says: 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...

Brad says: 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! Reply

omygod

Posted by: omygod
Posted: 30th Dec 2016

Brad says: 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,...

omygod says: 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. Reply

Brad

Posted by: Brad
Posted: 30th Dec 2016

omygod says: 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...

Brad says: 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.

Reply

JbEFC

Posted by: JbEFC
Posted: 15th Mar 2015

JbEFC says: 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. Reply

loctent

Posted by: loctent
Posted: 18th Mar 2015

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

Jezemeg8

Posted by: Jezemeg8
Posted: 19th May 2016

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

Jezemeg8 says: 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. Reply

PGS

Posted by: PGS
Posted: 4th Jan 2018

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

PGS says: That sounds familiar. Reply

s

Posted by: s
Posted: 22nd Mar 2015

s says: 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) Reply

kat2

Posted by: kat2
Posted: 24th Mar 2015

kat2 says: Invest part but also buy a house with part of it. Reply

Teka

Posted by: Teka
Posted: 15th Jun 2015

Teka says: I would buy a house and save rest for kids education Reply

Anonymous

Posted by: Anonymous
Posted: 26th Jul 2015

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

jessie45

Posted by: jessie45
Posted: 27th Jul 2015

jessie45 says: 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. Reply

frannymanny

Posted by: frannymanny
Posted: 15th Aug 2015

frannymanny says: 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. Reply

queenofsoul

Posted by: queenofsoul
Posted: 10th Sep 2015

queenofsoul says: 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. Reply

Ziah

Posted by: Ziah
Posted: 10th Sep 2015

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

oldmac

Posted by: oldmac
Posted: 10th Sep 2015

oldmac says: 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.
Reply

custodio

Posted by: custodio
Posted: 10th Sep 2015

custodio says: 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. Reply

MazzyJ

Posted by: MazzyJ
Posted: 10th Sep 2015

MazzyJ says: 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. Reply

mrwonderful5433

Posted by: mrwonderful5433
Posted: 10th Sep 2015

mrwonderful5433 says: 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. Reply

annie

Posted by: annie
Posted: 11th Sep 2015

annie says: 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 Reply

Scott

Posted by: Scott
Posted: 11th Sep 2015

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

pizzas57

Posted by: pizzas57
Posted: 11th Sep 2015

pizzas57 says: invest and live of intrest Reply

daphners

Posted by: daphners
Posted: 12th Sep 2015

daphners says: 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 Reply

Lukey23

Posted by: Lukey23
Posted: 13th Sep 2015

Lukey23 says: 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. Reply

Ash

Posted by: Ash
Posted: 14th Sep 2015

Ash says: 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. Reply

GoBears

Posted by: GoBears
Posted: 14th Sep 2015

GoBears says: 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. Reply

heybabe1371

Posted by: heybabe1371
Posted: 14th Sep 2015

heybabe1371 says: 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 Reply

Zelda

Posted by: Zelda
Posted: 14th Sep 2015

Zelda says: 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. Reply

bailies

Posted by: bailies
Posted: 15th Sep 2015

bailies says: 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. Reply

Mikaren

Posted by: Mikaren
Posted: 15th Sep 2015

Mikaren says: 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. Reply

espoir

Posted by: espoir
Posted: 17th Sep 2015

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

Mickey

Posted by: Mickey
Posted: 24th Sep 2015

Mickey says: I would paid off all my debts and then invest the rest for retirement Reply

grrl

Posted by: grrl
Posted: 5th Oct 2015

grrl says: 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 Reply

Phoenixflame

Posted by: Phoenixflame
Posted: 18th Nov 2015

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

elljay

Posted by: elljay
Posted: 24th Mar 2016

elljay says: On a house a car and setting up businesses to help others. Reply

PGS

Posted by: PGS
Posted: 27th Mar 2016

PGS says: 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. Reply

Brad

Posted by: Brad
Posted: 19th May 2016

Brad says: 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... ! Reply

gyro

Posted by: gyro
Posted: 19th May 2016

gyro says: 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 . Reply

gyro

Posted by: gyro
Posted: 19th May 2016

gyro says: 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 . Reply

gyro

Posted by: gyro
Posted: 19th May 2016

gyro says: 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 . Reply

Sweets1

Posted by: Sweets1
Posted: 19th May 2016

Sweets1 says: Invest in property and some in the bank and live off the interest Reply

roddles

Posted by: roddles
Posted: 19th May 2016

roddles says: 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
Reply

afn1960

Posted by: afn1960
Posted: 19th May 2016

afn1960 says: Pay off my debts, then buy a Plane ticket to see the world and take my time seeing as much as I can Reply

Flymow

Posted by: Flymow
Posted: 19th May 2016

Flymow says: 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.
Reply

bhayu

Posted by: bhayu
Posted: 19th May 2016

bhayu says: 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..... Reply

MazzyJ

Posted by: MazzyJ
Posted: 19th May 2016

MazzyJ says: 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 Reply

Ruby1955

Posted by: Ruby1955
Posted: 19th May 2016

Ruby1955 says: 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 Reply

Wyrd

Posted by: Wyrd
Posted: 19th May 2016

Wyrd says: Put part into a house and then invest some and a holiday back to Europe. Reply

Lynjoy

Posted by: Lynjoy
Posted: 19th May 2016

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

jb

Posted by: jb
Posted: 20th May 2016

jb says: A Maserati, there's one near us and it's fab !! Reply

 . V

Posted by: . V
Posted: 21st May 2016

. V says: 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 Reply

boppa99

Posted by: boppa99
Posted: 22nd May 2016

boppa99 says: 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
Reply

Anonymous

Posted by: Anonymous
Posted: 10th Jun 2016

says: 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. Reply

purpleboo

Posted by: purpleboo
Posted: 23rd Jan 2017

purpleboo says: 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. Reply

chicababe

Posted by: chicababe
Posted: 6th Aug 2017

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

AlvaroCervan

Posted by: AlvaroCervan
Posted: 17th Aug 2017

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

Big Mal

Posted by: Big Mal
Posted: 25th Aug 2017

Big Mal says: I would pay off the mortgage and car loan, go on a holiday. The rest would be invested. Reply

PGS

Posted by: PGS
Posted: 4th Jan 2018

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

Andrea31416172

Posted by: Andrea31416172
Posted: 5th Mar 2018

Andrea31416172 says: I would invest some for sure, I would give some to my Dad and buy a house with my Husband. Reply

Leonard 31400259

Posted by: Leonard 31400259
Posted: 3rd Apr 2018

Leonard 31400259 says: 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. Reply

socker

Posted by: socker
Posted: 8th Apr 2018

socker says: Invest it Reply

Mona31584416

Posted by: Mona31584416
Posted: 9th Oct 2018

Mona31584416 says: 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. Reply

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