[SJ] SJ's .. Long lost relative leaves you

[Saslou]

A Million pounds/dollars.

How would you spend this money?

Would you go on a mad spending spree?
(I am thinking not, however, please tell me if i am wrong)

Start your own business?

Invest your cash somewhere?

Details people, details.

Have fun allowing your imagination to run wild.

 

[wrldisquiethere]

Some charities, some investments, some savings, a little fun.

 

[Max]

1. House.
2. Car.
3. Vasectomy.

 

[Giggly]

1. Give some money to my family, friends, and charity.
2. Buy myself a house
3. Invest the rest
4. Keep living like I normally do

If it were more money I'd do more fun things.

 

[FallaciaSonata]

I know this will sound stereotypical....

But firstly I would dump most of it into a separate savings account. After that, I'd pay off any current debt I've accumulated (house, car, etc.) I would hold onto the money until it came time to send a child to college (and if I had no children I would give to a relative's child for similar purposes).

In terms of lifestyle changes, I would probably allow a few minor indulgences (get those few extra books I've been wanting, upgrade my computer a bit, etc.) but for the most part, I would remain the same.

 

[EJCC]

1: Give enough to my parents/family to pay off all their debts (credit cards, car payments, etc), and enough to save my parents' retirement fund (that crashed and burned in the economic meltdown),
2: Give some to some charities (one of which would UNDOUBTEDLY be Habitat for Humanity),
3: Make a list of things that I want to buy that are expensive but worth the money,
4: Buy the stuff on the list (Shopping spree! ), and
5: Put the rest in savings.

 

[Ozz]

1) Buy a modest house (in this region, it's about 600,000-800,000) I will use the money as a downpayment and mortgage the rest in this low interest rate environment. Timing of this house purchase will depend on my view of the housing market whatever this is the top or bottom.
a. buy a HDTV, roomba, and other furnishing
2) Buy a modest new car
3) Invest the rest
4) Act as if nothing has happened.