What Would You Do If You Had A Million Dollars

1 i would pay off my student loans and my second mortgage 2 i would put 9 months of expenses in an emergency fund.

If you invest your one million dollars you can have many thousands of dollars of cashflow per month for the rest of your life. I think we re all very aware that a million dollars isn t what it used to be. 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. 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.

They wanted to make sure it did as much good as possible for as many people as possible. Let s take a look at what you can do. A million dollars is a lot of money so you may be able to use it to tackle a bunch of the above get out of debt set up an emergency fund invest a lot of it for your future and then. If i had a million dollars i would follow my same current plan.

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. 1 million bucks in a purely aggresive account makes on average 100k a year. There are two kinds of giving emergency aid and development aid. Then you can use that money to make your life better.

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Giving away a million dollars has a way of focusing your attention. The salwens didn t want to see their gift wasted. If i had a million dollars i would lend a hand to others and donate to charities. 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.

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.