What Would You Do If You Had A Million Dollars

There are two kinds of giving emergency aid and development aid.

Once you have that much cashflow bills are easy to pay better credit cards become available and you end up getting better rates on loans which further improves your life. The salwens didn t want to see their gift wasted. Giving away a million dollars. Giving away a million dollars has a way of focusing your attention.

I choose to help others because it makes people feel good about themselves it feels good to help others and it will set an example for my children to give to someone in need. If you invest your one million dollars you can have many thousands of dollars of cashflow per month for the rest of your life. Then you can use that money to make your life better. I think we re all very aware that a million dollars isn t what it used to be.

1 million bucks in a purely aggresive account makes on average 100k a year. Having a million dollar from lotto you should simply invest it in a trio of index funds tracking can 50 us 25 international 25 or something of that nature. Let s take a look at what you can do. If i had a million dollars i would buy a piece of property in the mountains and build multiple cabins on it probably made of shipping containers and rent them on airbnb.

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The reality is that if most people received one million dollars half of the money would be gone to taxes a few hundred thousand dollars to paying off debt and the rest spent on expensive cars vacations etc. I remember being five years old and even 5 seemed like one million dollars at the time. A million dollars isn t that much. 1 i would pay off my student loans and my second mortgage 2 i would put 9 months of expenses in an emergency fund.

In either scenario whether you have worked and accumulated a million dollars or whether you ve received a windfall you absolutely cannot go crazy and start spending uncontrollably. If i had a million dollars i would follow my same current plan.