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AllieCatttt | What would you do with 5 million dollars? |
Be specific please don't just say "I will donate to charity and buy a house" because that kinda sounds boring. Please be ELABORATE AND EXCITING! I will pick a best answer. Thanks everyone! |
 |
 
Warren Davenport
|
First thing I would do is bank it. The reason for this is a good bank will always tell you if they think you are being wasteful with your money. This way I have their expertise to regulate perhaps my own lack of it, in managing such large sums of money. To protect myself from myself, I would put $3 million into a fixed trust with the interest rolling over or being able to be used as a withdraw able salaried account.
Then I would probably take some time out on a tropical holiday for 3 or 4 weeks while I started scanning my brain for some productive ideas to do with some of my money. Having protected over 60% of my asset, I would come back to my home town, maybe buy a house, and new family car and hope that my sudden change of status would attract some genuine female companionship. No gold diggers allowed. This would either attract a genuine wife or a very good con woman.
I would then either ask her to marry me, or say goodbye. As this a hyperthetical exercise I am struggling to describe any actions in the desired details that your words "Elaborate and exciting" implies. I therefore conclude that my answer might well be a touch too conservative for your choice of best answer. Never mind if it provides some one else's imagination with a foundation to build upon, then it has not been a total waste.
In a few days I will be disappearing off this site for most likely quite an extended period due to financial problems etc. I am not sure if or when I will be able to return. I would like to take this opportunity to humbly thank you all for your intelligent contributions and answers to my questions. I have not always agreed with every thing that I read, but hey that's life. I always appreciate constructive logical argument from either gender and I am pleased to say I have experienced both on many occasions. To the jokers I always enjoy a good laugh and perhaps should pursue this endeavour more often. Finally to the half witted answers with neither rhyme nor reason attached. Well "No comment" sums it up fairly well I think. |
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sugarBear
|
first of all, My husband and I would probably quit our jobs (early retirement), then I would pay off all our bills (mine & my husbands only, NO family or relatives), then we would travel all over Europe, go shopping, then we come back & buy 2 new cars! whatever kind we want, then we will buy a beautiful Mansion, go shopping again, buy all kinds of stuff we need for our house. We would not work but we would both go to school full time to educate ourselves, after finishing school, maybe start a business??? don't know but do whatever we want for the rest of our lives. |
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Stephanie
|
I would buy a hotel/spa/restaurant on a beach somewhere and live life as a permatourist. Send my children to the best colleges, and travel. |
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Tristan S
|
I'd hoard a lot of it... the economy is in the crapper at the moment and I don't want to lose a bunch of it on crap investments or a bank collapsing.
That said:
-Pay off debt (it's only $5k)
-Pay off my S2000 and get some rims for it (I know, I know... irresponsible... whatever... can't take the stuff with my when I die), maybe a turbo kit and some other goodies.
-I'd probably buy my parents a house so they could finally not have to worry about things like rent and homeownership. They live in rural MA so this would only set me back like $200k, which is more than worth it *for my parents*.
-I, personally, would probably buy an old farm in Japan and move there to write books. The low overhead of the cost of living on my own farm in a somewhat unlikely place to own a farm, and the isolation from being the only non-Japanese person there would be great fuel for writing my books. Like the guy above said: solar panels, windmills, reclaimed water, soymilk. Haha. I've been a vegetarian for eight years so I don't really require much for sustenance.
That'd all still end up leaving over 4 mil... again, much of which I'd probably hoard for the time being, and much of which I'd probably turn over to investment firms to handle for me since I'm no financial genius. |
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uclari
|
Assuming this is post tax income...I would, in rough numbers...
- Put around $500,000 in various CD accounts to ensure that I have, at the very least, an FDIC insured source of retirement by the time I'm 65 or so.
- Put around $1M in various index tracked funds like an S&P 500 Index Fund.
- Put around $1M into an aggressive mutual fund (something semi-risky to balance my portfolio)
- Set up a scholarship at my undergraduate university ($500,000 endowment)
- Buy my folks a house (nothing fancy, about $500K) And yes, $500K is nothing fancy in Los Angeles... :-(
- Use about $250K to pay my fiancée's way through medical school, pay off both of our student loans
- $250K is used as a down payment on a home (I will get a mortgage for the tax shield)
- Finally, $1M is used as startup capital to start a consulting firm focusing on consumer electronics and video games.
That's what I'd do with $5m. Maybe not too exciting, but I tried. |
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chino_71_zx
|
Go to work...The $5 million will not last very long with the gas prices as high as they are... |
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Fire
 |
If I had 5 million dollars, what would i do with it? Hmmm
I would restyle my gross pink bed room with butterflies and flowers into an AWESOME COLORFUL KRIB!!!! *not a baby crib lol*
The walls will have an ocean theme wit ha sunset,m and on the ceilings will be dark navy blue colored with glow in the dark stars all over it. fuzzy sea blue or lighting green carpet. new bubble shaped furniture and new purple auroa colored bed sheets and blankets.
to top it all off, new cloths *i grow so fast* and tons of makeup. and my bf in my room being hypnitized.
hope that is interesting enough for ya. |
|
rats_and_atheism
 |
1) Buy a Manhattan appartment.
2) Buy a Ferarri Enzo.
3) Go on a round the world trip.
4) Take a home study degree in an interesting subject
5) Get really fit and buff with a personal trainer.
6) Donate to animal charities.
7) Put my daughter in private education.
8) Buy her a horse to ride weekends.
9) take the rest of my life easy. |
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tcbiehl
 |
Pay off my debts, buy my dream house, finish my college, get married to my love. Make my kids' dreams come true! Take them on a wonderful vacation across the US. (Not to mention me going to my dream vacation spots without the kids) |
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Kathy S
|
Move south where it's warmer...
Build my dream house and make it a home
Travel to Ireland, Australia and Alaska
Go on an African safari
Go to Disney again and again with my daughter and husband
Go to work still, but enjoy life debt free |
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JJ
 |
5 million .
i would remodle my house ( bilding a second floor )
put money into an investment fund for later in life.
i would go on some trips.. mexico, grees, africa
pay off credit cards
get everything i need to re pait my hole house
a new truck
have a baby ( i cant till im finacily stable... 5mill is stable.) |
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Jason
 |
I would pay off all of my debt, my family and friends debt and splurge on a few trips that I have always wanted to take. I would start my own business and save the rest of the money. |
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Bella♥
|
I will make sure that every child has access to healthcare because every child deserves to live and lead a healthy life. :) |
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Dan F
 |
I would take 4 million of it and invest it in a bond heavy mutual fund to guarantee me a constant return of around 4-5% to fund me for the rest of my life. then i would buy a giant house, quit my job, and buy about 20 old-style VW vans and drive around with an entourage of 40 people just wandering the country. |
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DigitalOne
|
Purchase land far away from everyone else buy solar panels, windmills, raise some chickens, rabbits and drink soy milk. |
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Joel R
|
I would by myself and my girlfriend nicer cars, and go ahead and pay for the two years of college we have left. Then I would get us a couple of nice apartments. Then I would buy my mom, and sister new cars. Then I would put the rest in the bank. |
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WiseGirl84
|
i would a big house and a nice car and adopt children and marry 50 cent or reggie bush and get married in africa and then we'd have our own children, become the black angelina and brad and be really happy |
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Graham
|
i would live my live just normally with a non stressful job if i life it with about an extra 100,000 a year for 50 years. no worries |
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boer84
|
Spend one million on debt, bills and what ever I want to get the spending out of my system and to get rid of all my debt.
-a new luxury car with as many accessories as possible
-some property in the mountains of Virginia w/ cabin
-New huge HDTV and entertainments systems
-go to the restaurants I always wanted to go to but could never afford.
Three million will go into a mutual fund. I will live off of the interest from it.
250,000 will go into my retirement account.
125,000 will go into stocks and bonds.
125,000 to charity spread over a couple of years.
The rest will be birthday and Christmas presents to my family and friends.
I might keep my job for fun, because it gets boring at home. I will also be able to do what ever job I want regardless of the pay. It will keep me busy and it will give me a good record, just in case I need to get back into the job market. |
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guhjeeh
|
house, car, a mil in high risk investment 2 mil in low risk and rest on some sticky icky and enjoy life |
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botygy
|
Buy a Bugatti, rechallenge the RAF to a one mile race, and smile. Check out this bit from Top Gear and you'll see what I mean. http://www.snotr.com/video/568 . If this isn't the best answer, I'll kiss your butt in Trafalgar Square. |
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salus
|
I'd buy 2.5million $2 scratch cards, is that specific enough for you. |
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girl_95
|
SPEND IT!!!!!!!!!! I WOULD BUY HOLLISTER AND ABERCROMBIE STUFF! |
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