Poll of the Day > What would you do if you had a million dollars?

(+) Yeah! (+)

nt
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Well, I would say I'd buy a million tacos, but Taco Bell raised their prices... plus I imagine the tacos would probably go bad before I could finish eating them.

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Already done the 1st option a few times so I will invest it into something with Integrity and Wholesome

Retire and embrace the no life way.

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More Kraft Dinner

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still work, so what I get paid adds to what I have. and would finally be able to move out of my sister and brother-in-laws house, Im at the point where I cant stand being around them anymore

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Fully move to Japan. Buy an RX-7 Spirit R Type A. Buy a bunch of other materialistic things.

I just bought a beer fridge that resembles a Marshall amp.

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If I had a million dollars, I'd be rich.

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I would invest half of it in low-risk mutual funds, and then take the other half to my friend, Asadulah, who works in securities

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i will have a million dollars in like 2-3 years if i dont have a mental breakdown that fucks up my career or some kind of huge expense other than the ones im planning for. im going to retire once i have enough money but thats more than a million for me i think

so i guess my answer is 'invest it in index funds and continue raking in cash for another couple of years until i can afford to never look at or think about a """Line of Code""" again in my life'

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Buy a new car, invest the rest and then retire maybe 10 years earlier than I otherwise would've.

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TheFalseDeity posted...

Retire and embrace the no life way.

It takes more than a million dollars to retire.

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Get a nice home with a koi pound, gazzebo, waterfall thing and a tortoise. Living the dream man

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secure the rest of my life

my misc/entertainment expenses arent very high

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Buy enough dog food to solve world hunger

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Molitheus posted...

It takes more than a million dollars to retire.

Waaaaaay more than a million.

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I'd buy a trailer

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Molitheus posted...

It takes more than a million dollars to retire.

Depends on where you live. And how you live.
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Zeus posted...

Well, I would say I'd buy a million tacos, but Taco Bell raised their prices... plus I imagine the tacos would probably go bad before I could finish eating them.

I can help

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I would save it for emergencies.

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Pay off my car and get it fully maintained. Then probably pay off other family bills.

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Molitheus posted...

It takes more than a million dollars to retire.

Depends on how much money he has now, and how he spends it, and how old he is.

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I'd pay off my home!

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rexcrk posted...

I would invest half of it in low-risk mutual funds, and then take the other half to my friend, Asadulah, who works in securities

You're missing the point. The point of the exercise is that you're supposed to figure out what you would want to do if...

PC load Letter? What the fuck does that mean?
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pionear posted...

Already done the 1st option a few times so I will invest it into something with Integrity and Wholesome

You mean three chicks at the same time?

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Most likely going to buy some more investment properties

Hookers and alcohol.

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Invest at a ~5% return, go about my life as usual with an extra ~50k/year to supplement my income. That's not enough to completely change my life, but it would make things significantly more comfortable, given that that's about what I'm making now and I'm getting by reasonably well. Doubling that would basically eliminate any doubt about my financial security and make it considerably easier to get out of the rather nightmarish local rental market and into something I own.

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GanonsSpirit posted...

You're missing the point. The point of the exercise is that you're supposed to figure out what you would want to do if...

PC load Letter? What the fuck does that mean?

Fuckin A, man

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Molitheus posted...

It takes more than a million dollars to retire.

For you perhaps, but not for me.

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Molitheus posted...

It takes more than a million dollars to retire.

Depends when...at 65? and if you plan to live til 80? It's a fine amount...

SilentSeph posted...

You mean three chicks at the same time?

Heh did that too...maybe go for a new record and try 6-7...

hit up the dispensaries

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Zeus posted...

Molitheus posted...
It takes more than a million dollars to retire.

Depends on how much money he has now, and how he spends it, and how old he is.

Lol, even without investing you can retire on 1 mill easily even if your 20 years old, although you won't be living on easy street.

Seriously though a studio apartment many places is 500-600$ a month, you have your own place, spend another $400 on expenses (utilities/internet/transportation and food) and your spending 12k a year. 10 years is 120k, 80 years is about 1 mill without investing anything or any interest etc all that time.

I have lived on less then $1k a year since my wife passed 4 years ago, it's not hard.

That will go up over time of course, but then again if your starting at 18-20, you don't actually probably need to spread it out over 80 years (as not many live to be 100).

So yeah, you can retire on 1mill easily (especially if you invest it).

Even 5% interest per year on 1 mill is 50k a year, without touching the principle, although there are some things that make more sense to spend the money on.

Best bet would be to do the following.

A: Buy a mobile home on it's own land (no mobile home park fees), then only thing you pay is taxes on the property (usually around $100/year). No housing costs at all, and you can still get mobile homes like that for under 50k in many areas.

Invest in solar pannels on your mobile home so you have no electricity or very little electricity costs ever, not that expensive at all, and long term would save you even more money.

Your costs are now down to internet,water and sewage pretty much, probably less then $100/month.

Invest the rest (950k or so) and get at least 5% on average (stock market could work for that if you don't find a better investment). Then live (well) on the 50k a year+ you get from the principle (I mean, spend a bit less at first to get back up to a mill invested just so it's an even number, then just take out the gains every year over 1 mill (don't take anything if the stock market drops, only if it goes up). Live off the money you take out, so don't spend it all every year in case there are years the market goes down in a row.

Travel the world, go on cruises, eat really well, have lots of lovers whatever, you'd have a safe place to live your whole life that costs nothing, and plenty of money to enjoy yourself with.

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