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jsarno 04-22-2007 10:26 PM

If you had a million dollars...
 
No more, no less...if someone gave you 1 million tax free dollars, what would you do with it?

SmootSmack 04-22-2007 10:29 PM

Re: If you had a million dollars...
 
What do you mean "If" ;)

Duffman003 04-22-2007 10:35 PM

Re: If you had a million dollars...
 
i would do nothing

dmek25 04-22-2007 10:42 PM

Re: If you had a million dollars...
 
retire, my brother, retire

jsarno 04-22-2007 10:51 PM

Re: If you had a million dollars...
 
[QUOTE=dmek25;301018]retire, my brother, retire[/QUOTE]

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.

BigSKINBauer 04-22-2007 11:01 PM

Re: If you had a million dollars...
 
Nice party house in College Park(600,000). 10 years of season tickets (100,000). Car that cost less than 50,000. 50,000 in random ass stuff, cloths, video games, TVs, MP3 players, computers, and so on. 50,000 to make it rain wherever i go. 50,000 to charity. 100,000 in the bank. That about covers it.

FRPLG 04-22-2007 11:08 PM

Re: If you had a million dollars...
 
Invest invest invest.

A miilion bucks wont get yout through life all by itself. You need to make that million into millions. Invest every penny of it. Maybe buy me a new truck but that's probably it on the slefish pleasures. Create school accounts for my kids and probably buy investment real estate.

I would consider starting a company and using it as capitol but probably only an investment realty company and the market would have to be more favorable than it is now to make it a full time deal.

hooskins 04-22-2007 11:12 PM

Re: If you had a million dollars...
 
two chicks at the same time..

jsarno 04-22-2007 11:15 PM

Re: If you had a million dollars...
 
[QUOTE=hooskins;301035]two chicks at the same time..[/QUOTE]


HAHA...that's only about $100...or free if you you know the right people.

Daseal 04-22-2007 11:21 PM

Re: If you had a million dollars...
 
nice office space quote, hooskins. Beat me to it =(

jsarno 04-22-2007 11:27 PM

Re: If you had a million dollars...
 
[QUOTE=Daseal;301040]nice office space quote, hooskins. Beat me to it =([/QUOTE]

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

dmek25 04-23-2007 06:24 AM

Re: If you had a million dollars...
 
[quote=jsarno;301022]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.[/quote]
who said anything about her retiring?

KLHJ2 04-23-2007 06:47 AM

Re: If you had a million dollars...
 
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.

Schneed10 04-23-2007 09:04 AM

Re: If you had a million dollars...
 
- 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.

GhettoDogAllStars 04-23-2007 09:12 AM

Re: If you had a million dollars...
 
[QUOTE=Schneed10;301095]- 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.[/QUOTE]

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


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