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What would you do if you won $1million?

by Matteo Lor (follow)
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What would you do if you won $1 million?

You hear about people winning lotto or powerball every week. If you won big what would you do? Share with friends and family? Give to charity? Invest wisely or simply blow it all on consumable goods?

What would you do?

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I could actually retire with a million, if not fully retire then I would be pretty close. I would buy a few rental properties and use that as my income - I already have one although it is not paid off yet. I'd still write but I would have no need for a day job, so I guess I would actually semi-retire. Retirement at 35, I like the sounds of that.
Sounds really good to me!
I have been trying. Really hard!! I would build our dream home that my husband has been designing and help set my kids up. There would be much left after that.

Everything is so expensive nowadays. Even though $1million would be nice - you can't do as much as you could back in the day ;)
Hi Matteo....you can't do ANYTHING as much as you could 'back in the day'! Lol!
by donjo
I would buy a nice house and invest the rest. Nothing too fancy!
I'd put most of it in a savings bond for retirement when I'm older, and the rest I would spend on general house improvements and a few treats for myself (like collectable bears).
Collectable bears is a little different, what got you into those?
It all started with some trips my mum and I took to The Museum of Childhood and Pollock's Toy Museum. My mum saw some old teddy bears and became nostalgic over the ones she used to have. The next thing I know we have a bear delivered in the post. Now we have a sizeable collection.
I would use that money to take my partner and myself on a worldwide tour. We want to see the real world and this would be a blessing!
At this stage of my life, I would do little different -I would probably give the majority to my remaining child, family and daughter in law, as well as a trust for my 3 grand children.

I have most of what I want -sure, there would be some things I would find to buy that I really do not need, however it would be fun spending some of it!
by Finy
OMG Matteo, What would I not do lol!

The first thing I would do, is make sure my family and myself never again have to worry about retirement, because I would find a way to make that money work for us till well into the future. This includes, our home, and health.

Then I would most likely open myself up another vintage / resale shop filled with everything from clothing and accessories, to small collectibles and crafts.

Like Doctor Evil learned, $1 Million Dollars went a really long way in the 1960's, but without proper planning, not so much in today's time.

Firstly, pay off any debts.

Then invest the rest whilst I did up my, by now, extended bucket list & go from there!

There'd be definitely a shelter for stray/abused horses, donkeys, dogs & cats in that planning, somewhere, though!
Interestingly - no-one has mentioned helping out charities.

As I am pretty much financially secure, I would ensure my son's mortgage was paid off.

I would also give some to charity - one of my favourites is Medecins Sans Frontieres - they do amazing, selfless work all round the world.
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