• If you won the lottery for a million dollars, what would you do with it?
  • If you won the lottery for a million dollars, what would you do with it?

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  1. #1
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    Question If you won the lottery for a million dollars, what would you do with it?

    If this happens, I would use the money to start my own business. I always like to have my own coffee shop I would also look for good investments and grow my money as I don't want to end up losing them all after a few years just like what happened to other people who have won a huge sum of money and then got broke after a few years, which is really sad.

  2. #2
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    I've wondered about what I'd do in the future if I could earn at least a modest $20k a year working online. I'd like to try out living in a developing country (likely in Asia) comfortably. See what it's like. Some of you may have seen me mention the Philippines before. I've watched a lot of videos about it and Davao City looks interesting. So what if $1m suddenly popped into my bank account? I'd invest it and still pursue the above plan. Maybe one day I'd love to really splash out and enjoy that wealth at an older age, but for years now I've been very sedentary and I want to enjoy an active lifestyle which I could do frugally. I'd prefer to "see the sights" and explore somewhere local to me (the UK doesn't interest me much though) than live lavishly. Having said that, I'd probably put 10% of it aside for business.
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  3. #3
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    ronaldmacdougall
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    First and foremost, pay off my debts them federal student loans will haunt me well into my 50's or 60's at this point. Invest some in the market or a trust fund and travel to Europe and Japan.
    We are all insane, we just act normal for the sake of others.

  4. #4
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    jimhawking
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    I'll probably give a chunk of it to my parents. They earned it as far as I'm concerned. With the rest of the money, well I don't think I plan on living any differently than I do now. Perhaps buy a house near the lake but that's about it. I don't want to flaunt it considering that it can potentially attract folks who only want to befriend me for money or make the mistake of carelessly spending it all away on unnecessarily extravagant purchases that would just put me back to square one financially.

  5. #5
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    Hmm.. I would keep $200,000 in a vault, buy a piece of land near the ocean and build a house there for $100,000. Invest $150,000 on a spa and make my mom run it since she knows how to do that stuff. Spend another $150,000 on a coffee shop and let my in-laws run it so they can quit their jobs. Spend around $25000 on a car, keep $175,000 for 2 years of expenses, and build a small restaurant or I might raise chickens for a profit with the rest of the money.

  6. #6
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    I guess it depends on the amount. I will assume you mean the big time lotto that pays millions.

    I think the first thing I would do is pay for my husband to be a legal citizen. I would buy into a company with his name so he will be granted on terms of investor. I think you need to do something close to a million dollars for that. Then I would pay off my parent's house and get them a new driveway. This way they are not struggling with money as much. After that would be the basics of house, car, ect for us two. I am not sure after that. I know I would donate some of it locally for sure.

  7. #7
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    For real, though...pay off my student loans, take care of my family, dote on some business/pet projects, and...well, nothing. A whole lot of nothing. Sleepin' in, fishing, writing, and...nothing. It'd be liberating to have a financial cushion for rainy days.
    No one's gonna' give you a map. You've gotta' walk your own path.
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  8. #8
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    If anyone wants to give me a million bucks, I'll figure something out. :p

    Kidding aside, I'd help my family, and move my mom closer to me. I'd donate some to worthwhile charities. I'd do something really nice for my husband too, like maybe take him to pick out a great car. I've always wanted a house on the lake. I'd love to have my own business... something to pass down to the kids and grandkids.

  9. #9
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    First and foremost I'd pay off my house and car so I'd be debt free completely. THEN I'd buy hair for the top of my head! I lost my hair at the age of 20 so it sucks to look like a 55 year old who is actually 27 :[

    I'd also invest in a business but I'm not sure what at the moment. A million dollars is awesome but you can go through it really quick if not watching it. I'd also go and take a trip to Japan and some other states here in the US that I want to visit.

    Also if I invest properly and have the time and money to do so, I'd like to go back to college and get a business degree and learn some different languages like Japanese, Spanish, German, etc. to help with a career in import/export with other countries.
    "We All Make Choices. But In The End, Our Choices Make Us."
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  10. #10
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    A million dollars is not a little money when converted to my Nigerian currency naira. If I should be fortunate enough to win one million dollars in a lottery, my first step is to go offline away from everyone to really cool off the pressure of that huge amount of money. I would travel to a place where I won't have even phone network or internet connection and I will stay for about one month.

    When I get back from this vacation, I will hugely invest that money or at least a great part of it in landed property. I would taking up estate building because housing gives a lot of money in my country. If you happen to build one commercial building in my state, you are certainly made for life.

    I will take some vacation to at least enjoy a little part of the money. Dubai would be my vacation venue.

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