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How you going to spend 1 million dollars???

Discussion in 'General Chat' started by IMPackage, Sep 14, 2012.

  1. emailerx

    emailerx Banned

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    #21
    put it in business buy real states and invest in stock market
     
    emailerx, Jan 25, 2013 IP
  2. B_Hermelijn

    B_Hermelijn Member

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    #22
    30% of the money goes to charity, 40% goes into the bank, 30% goes on things that I need such as tools or other necessary resources that I may need.

    Although if I do not need a lot out of the last % then I would split it between the charity&savings.
     
    Last edited: Jan 25, 2013
    B_Hermelijn, Jan 25, 2013 IP
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  3. emailerx

    emailerx Banned

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    #23

    yeah agree
     
    emailerx, Jan 25, 2013 IP
  4. samanthalong

    samanthalong Member

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    #24
    Essai Plymouth Hemi Cuda 425CH and travel round america in it :)
     
    samanthalong, Jan 25, 2013 IP
  5. Digital_lover

    Digital_lover Member

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    #25
    I will make an animal farm. There a lot of helpless street animals will be taken care of.
     
    Digital_lover, Jan 25, 2013 IP
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  6. Genuine Marketer

    Genuine Marketer Well-Known Member

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    #26
    I'm surprised nobody said buy a house.
     
    Genuine Marketer, Jan 25, 2013 IP
  7. Irop Paze

    Irop Paze Active Member

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    #27
    I would move to a small town beach area of Brazil and find ways to invest around the world to gain more income.
     
    Irop Paze, Jan 27, 2013 IP
  8. Kiros

    Kiros Active Member

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    #28
    Be my partner, I've the same exact thoughts.
     
    Kiros, Jan 27, 2013 IP
  9. Stroh

    Stroh Notable Member

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    #29
    - set aside the tax amount needed to pay taxes on it
    - get a new car
    - pay off any existing debt
    - buy a small house (one that isn't so high in taxes each year)
    - set the rest aside for whenever I lose my job / emergency funding.
     
    Stroh, Jan 27, 2013 IP
  10. Irop Paze

    Irop Paze Active Member

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    #30
    The key is to keep income coming in. The reason that there is a lottery curse is because people forget how much it costs to maintain all the "toys". Not only would a Bugatti veyron take away your mil in one shot (you would also have to borrow .3 mil for a base model), but insurance, fuel, and oil changes would cost a heap as well. Oh and to change all 4 tires cost about 20 grand.
     
    Irop Paze, Jan 28, 2013 IP
  11. Technomahik

    Technomahik Active Member

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    #31
    I will make few big malls in cities...
     
    Technomahik, Jan 28, 2013 IP
  12. mansa.cv

    mansa.cv Peon

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    #32
    i dont have $1 so i cant expect for 1 million dollars/
     
    mansa.cv, Jan 28, 2013 IP
  13. fau00

    fau00 Well-Known Member

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    #33
    I'll buy an empty island..and implement my cities on my "SimCity" into real on it.. :)
     
    fau00, Jan 29, 2013 IP
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  14. habeeb03

    habeeb03 Greenhorn

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    #34
    turn it to a 100million 1st
     
    habeeb03, Jan 29, 2013 IP
  15. Irop Paze

    Irop Paze Active Member

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    #35
    Ah, simple math... Turn 1 mil into 100 mil. = Turn 1 dollar into 100 dollar = turn 100 dollar 100,000 and so on...
     
    Irop Paze, Jan 29, 2013 IP
  16. Kenzieanto

    Kenzieanto Active Member

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    #36
    I agree with you, I'll buy some property, then I would have rented to someone else, so every month I get money from rent, and you must also know that the value of property never goes down .. so I Property prices will continue to rise, what do you think?
     
    Kenzieanto, Jan 29, 2013 IP
  17. Irop Paze

    Irop Paze Active Member

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    #37
    Renting is a tough game and there is a a lot to handle unless you use a property management company. If I had the choice I would rather own a motel or hotel than rent.
     
    Irop Paze, Jan 29, 2013 IP
  18. slutz

    slutz Active Member

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    #38
    I would invest into something that would have value over-time, probably gold. Or, spend it on a new house, new cars, and help my parents.
     
    slutz, Jan 29, 2013 IP
  19. TheSpy

    TheSpy Greenhorn

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    #39
    I'll spend 100k. Save up 200k.
    And invest the remaining 700k into multiple online/offline projects.

    Never put all your eggs in one basket. Diversify your income sources.
    Also, one should never invest the amount they can not afford to lose. Investing business is a gamble... sure you can increase your odds of winning but that doesn't mean you'll never ever lose money.
     
    TheSpy, Jan 29, 2013 IP
  20. jonasg

    jonasg Member

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    #40
    Invest it!
     
    jonasg, Jan 30, 2013 IP