If you had a million dollars...

nice office space quote, hooskins. Beat me to it =(

Damn it, I even have that movie, and missed it. haha

You'd have to be an all star at dealing with money to have 2 people not in the same household retire. Especially after paying off all your bills.
who said anything about her retiring?

Pay off bills, save half, invest half, and continue going to work. I went crazy the 3 months in between the Army and another job. I don't think I'll like retirement too much.

- Sell my current house, move into a 5 BR, 3 Bath here in the Philly area. Pay 20% down on it and mortgage the rest (I'd rather carry the debt because after taxes the INT rate is only 4% or so, I can do better than 4% on my investments)

- Set aside $100K into college education funds for the young'n (and future young'ns that I'm sure to have). Invest it in a stock index fund and let it ride. In 17 years that should be worth $500K, which should cover college education for 2-3 kids.

- Buy a vacation property on the Outer Banks of NC (20% down, mortgage the rest). Rent it out for all but 2 weeks out of the summer. That cash flow should offset the cost of ownership.

- Make everything in my house automatic. Automatic sprinkler system that turns on every morning at 7:00 am. Automatic lights when I walk into a room. Buy a few of those roomba robots that vacuum and mop your floors. Stuff like that. I'd also probably pay someone to clean my house once a week; having money is nice, but I'd want to have time more than anything. I'd rather unload some cash to make life easier.

- Buy a couple sweet rides, probably a Toyota Sienna minivan for carting around the family, filled to the brim with all the trimmings. And then a Lexus ES for me.

- Sock the rest of the cash away in stocks and bonds to generate enough free cash flow so the wife could stay home with the kids and be a full time stay at home mom.

And of course for me, keep on working.

- Sell my current house, move into a 5 BR, 3 Bath here in the Philly area. Pay 20% down on it and mortgage the rest (I'd rather carry the debt because after taxes the INT rate is only 4% or so, I can do better than 4% on my investments)

- Set aside $100K into college education funds for the young'n (and future young'ns that I'm sure to have). Invest it in a stock index fund and let it ride. In 17 years that should be worth $500K, which should cover college education for 2-3 kids.

- Buy a vacation property on the Outer Banks of NC (20% down, mortgage the rest). Rent it out for all but 2 weeks out of the summer. That cash flow should offset the cost of ownership.

- Make everything in my house automatic. Automatic sprinkler system that turns on every morning at 7:00 am. Automatic lights when I walk into a room. Buy a few of those roomba robots that vacuum and mop your floors. Stuff like that. I'd also probably pay someone to clean my house once a week; having money is nice, but I'd want to have time more than anything. I'd rather unload some cash to make life easier.

- Buy a couple sweet rides, probably a Toyota Sienna minivan for carting around the family, filled to the brim with all the trimmings. And then a Lexus ES for me.

- Sock the rest of the cash away in stocks and bonds to generate enough free cash flow so the wife could stay home with the kids and be a full time stay at home mom.

And of course for me, keep on working.

Toyota Sienna? A sweet ride? Man, what would your high school buddies be saying about you now? Haha, just kidding.

Toyota Sienna? A sweet ride? Man, what would your high school buddies be saying about you now? Haha, just kidding.

I'm all about comfort though, couldn't care less about style. I'm the guy who wears sweatpants to a bar and doesn't give a crap.

Those Siennas when you trick them out with leather seats and the DVD players for the kids and the premium sound systems with the MP3 blue tooth; it's very chill. Very comfortable.

Besides, you can't have a Porsche and a 'Vette when you need to cart a couple young'ns around. A million might make me rich, but it wouldn't take the practical out of me.

Honestly, I don't need a lot in life to make me happy. I'd probably sell my current house and move into one about the same size that had a finished or unfinished basement. I would redo the basement totally to make it into and arcade and theater room.

Since it would be subterranean, it would feel like an earthquake with the sound system I'd have down there. The rest would be divided equally into investments so I could live on that the rest of my life.

That, and two chicks at the same time.

I'm all about comfort though, couldn't care less about style. I'm the guy who wears sweatpants to a bar and doesn't give a crap.

Those Siennas when you trick them out with leather seats and the DVD players for the kids and the premium sound systems with the MP3 blue tooth; it's very chill. Very comfortable.

Besides, you can't have a Porsche and a 'Vette when you need to cart a couple young'ns around. A million might make me rich, but it wouldn't take the practical out of me.

I'll agree with you on vans. While the idea itself sounds a little lame, my parents had a Dodge Caravan that I drove while my car was getting fixed for about two months. I had just gotten my first job ever and money was FLOWING in, so I basically pimped this thing out with a crazy sound system, tint, LCDs and a DVD player. People BEGGED to ride with me home from school. If you do it right, you can't beat a nice comfy van.

Toyota Sienna? A sweet ride? Man, what would your high school buddies be saying about you now? Haha, just kidding.
i was thinking the same thing. you could get a tricked out escalade with a dvd player, then the kids are happy, and you ride in style

Refinance and pay down some of my current mortgage, so that my monthly payments are significantly less. Replace my car with something a bit more roomy (01 Honda Civic). Finish off decorating the house, including home theatre, built-in bar in the basement. And invest the rest, make that money work for me.

I'd continue to work for now, but if I invest right, I figure the remains of that million, I could probably retire by 40, move to the beach and surf for the rest of my life. I have no problems not working...I can always find something to do.