niceguy
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give a portion to church a portion to charity and some for me |
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MikeInRI
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I would currently invest it in high yield stocks that I see should see some growth currently like VGR http://finance.yahoo.com/q?d=t&s=VGR (which I currently have a position in) and I would give some of my income from the dividend (which is currently at an annualized 8.9% yield - or a annual payment of $89,000) to charity. |
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nikki_butterfly777
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I don't know about charity, because you never know where the money is really going. Being a teacher, I would probably donate it to the school or just buy computers and supplies myself then take it to the school. The rest of the money I would spend on my family. One million dollars doesn't really go as far as it used to. |
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Screaming Eagle
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I would invest it in Tax Free Municipal Bonds and live off of the interest. |
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Jack
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Do I have to spend it all? That is a lot of money to try to spend. If I had to spend it all, I would spend it on myself. Then I would sell some of what I bought and give to charity and use the rest to support myself. If I did not have to spend it all, then I would give some to charity and the rest would be spent or invested. |
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Emi
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Give half to charity, save the rest. Maybe invest. |
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raincrowd
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both |
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thecat72667
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about 5% would go to charity which is about 5% more than most people i know! |
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i stil need some help
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screw charity. coz. i am charity. thanks for the duce |
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nikkyhotshot
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i will give some to charity and rest spend on myself |
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may_minu
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all on me and my family |
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wildflower
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If I had that 1 million dollars, I would give a part of it to charity, yes, and save the rest of it at the bank or invest in something I can look back when I grow old. Spend on myself but not with unimportant, useless things. My spending would be those that are necessary, desired and enjoyed...with myself or with people I love most. |
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Jf
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both some for you in what you need and some for charity both will need cashso give to both like some you may need for college or a house or to start a buisness and the poor people need it to so dont waste it you my even need it on clothes that fit right |
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deep_3657
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if i had that much
5% charity
10% safe deposits such as bonds or something
35% capital market
50% my own business |
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carolewkelly
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Investing the money wisely will allow me to live well AND give some to charity.
First on my list to do when I win - a family reunion cruise. |
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Mike Oxmahl
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Pre or post taxes?
1st. I would give my tenth to God. While God doesnt need the money, if it wasnt for His Grace, I wouldn't be fortunate enough to receive that money.
2nd. Pay off my debts to those around me.
3rd. Take care of my family.
4th. Enjoy some for myself. |
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big dog
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What a great question because i think almost everybody thinks about hitting it big. I personally would clear myself of all debt,secure a retirement, then whatever was left a portion would go to a charity that i thought would benifit the most people! Peoples scepticism of charities grows and their trust lessons when we see things such as those that falsely tried to collect after 9/11. The severe incometance of the Red Cross as well as other orginizations after Hurricane Katrina. I think a majority of us are pretty self serving myself included. We live in a selfish society and it takes sometimes being humbled for us to see what is important. |
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pcreamer2000
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Neither,...invest it...and do both afterward.
Giving any of the $$$ to chariety outright...is not very smart.
Fact is, by investing 1st before u do anything, allows u to give much more or to spend much more (whatever u wish).
Invest all - never just hand it over..
Think about it... 6% of $1million = $60000
u could give half of that $$$ for the rest of your life.
I am 48, my family lives typlically till around 98 of age.
that means 50 years.
50 * 60,000/2 = $1.5 million
To give it outright is greedy. If u invest it and then spend half on chareity, both u and the chariety beenfit. |
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