If you had a million dollars...

jsarno · 04-22-2007, 11:26 PM

No more, no less...if someone gave you 1 million tax free dollars, what would you do with it?

SmootSmack · 04-22-2007, 11:29 PM

What do you mean "If"

Duffman003 · 04-22-2007, 11:35 PM

i would do nothing

dmek25 · 04-22-2007, 11:42 PM

retire, my brother, retire

jsarno · 04-22-2007, 11:51 PM

Quote:

Originally Posted by dmek25

retire, my brother, retire

You'd have to be an all star at dealing with money to have 2 people not in the same household retire. Especially after paying off all your bills.

BigSKINBauer · 04-23-2007, 12:01 AM

Nice party house in College Park(600,000). 10 years of season tickets (100,000). Car that cost less than 50,000. 50,000 in random ass stuff, cloths, video games, TVs, MP3 players, computers, and so on. 50,000 to make it rain wherever i go. 50,000 to charity. 100,000 in the bank. That about covers it.

FRPLG · 04-23-2007, 12:08 AM

Invest invest invest.

A miilion bucks wont get yout through life all by itself. You need to make that million into millions. Invest every penny of it. Maybe buy me a new truck but that's probably it on the slefish pleasures. Create school accounts for my kids and probably buy investment real estate.

I would consider starting a company and using it as capitol but probably only an investment realty company and the market would have to be more favorable than it is now to make it a full time deal.

hooskins · 04-23-2007, 12:12 AM

two chicks at the same time..

jsarno · 04-23-2007, 12:15 AM

Quote:

Originally Posted by hooskins

two chicks at the same time..

HAHA...that's only about $100...or free if you you know the right people.

Daseal · 04-23-2007, 12:21 AM

nice office space quote, hooskins. Beat me to it =(

jsarno · 04-23-2007, 12:27 AM

Quote:

Originally Posted by Daseal

nice office space quote, hooskins. Beat me to it =(

Damn it, I even have that movie, and missed it. haha

dmek25 · 04-23-2007, 07:24 AM

Quote:

Originally Posted by jsarno

You'd have to be an all star at dealing with money to have 2 people not in the same household retire. Especially after paying off all your bills.

who said anything about her retiring?

KLHJ2 · 04-23-2007, 07:47 AM

Pay off bills, save half, invest half, and continue going to work. I went crazy the 3 months in between the Army and another job. I don't think I'll like retirement too much.

Schneed10 · 04-23-2007, 10:04 AM

- Sell my current house, move into a 5 BR, 3 Bath here in the Philly area. Pay 20% down on it and mortgage the rest (I'd rather carry the debt because after taxes the INT rate is only 4% or so, I can do better than 4% on my investments)

- Set aside $100K into college education funds for the young'n (and future young'ns that I'm sure to have). Invest it in a stock index fund and let it ride. In 17 years that should be worth $500K, which should cover college education for 2-3 kids.

- Buy a vacation property on the Outer Banks of NC (20% down, mortgage the rest). Rent it out for all but 2 weeks out of the summer. That cash flow should offset the cost of ownership.

- Make everything in my house automatic. Automatic sprinkler system that turns on every morning at 7:00 am. Automatic lights when I walk into a room. Buy a few of those roomba robots that vacuum and mop your floors. Stuff like that. I'd also probably pay someone to clean my house once a week; having money is nice, but I'd want to have time more than anything. I'd rather unload some cash to make life easier.

- Buy a couple sweet rides, probably a Toyota Sienna minivan for carting around the family, filled to the brim with all the trimmings. And then a Lexus ES for me.

- Sock the rest of the cash away in stocks and bonds to generate enough free cash flow so the wife could stay home with the kids and be a full time stay at home mom.

And of course for me, keep on working.

GhettoDogAllStars · 04-23-2007, 10:12 AM

Quote:

Originally Posted by Schneed10

- Sell my current house, move into a 5 BR, 3 Bath here in the Philly area. Pay 20% down on it and mortgage the rest (I'd rather carry the debt because after taxes the INT rate is only 4% or so, I can do better than 4% on my investments)

- Set aside $100K into college education funds for the young'n (and future young'ns that I'm sure to have). Invest it in a stock index fund and let it ride. In 17 years that should be worth $500K, which should cover college education for 2-3 kids.

- Buy a vacation property on the Outer Banks of NC (20% down, mortgage the rest). Rent it out for all but 2 weeks out of the summer. That cash flow should offset the cost of ownership.

- Make everything in my house automatic. Automatic sprinkler system that turns on every morning at 7:00 am. Automatic lights when I walk into a room. Buy a few of those roomba robots that vacuum and mop your floors. Stuff like that. I'd also probably pay someone to clean my house once a week; having money is nice, but I'd want to have time more than anything. I'd rather unload some cash to make life easier.

- Buy a couple sweet rides, probably a Toyota Sienna minivan for carting around the family, filled to the brim with all the trimmings. And then a Lexus ES for me.

- Sock the rest of the cash away in stocks and bonds to generate enough free cash flow so the wife could stay home with the kids and be a full time stay at home mom.

And of course for me, keep on working.

Toyota Sienna? A sweet ride? Man, what would your high school buddies be saying about you now? Haha, just kidding.

04-22-2007, 11:26 PM	#1
jsarno Franchise Player Join Date: Mar 2004 Location: 31 Spooner St. Age: 50 Posts: 9,534	If you had a million dollars... No more, no less...if someone gave you 1 million tax free dollars, what would you do with it? __________________ Zoltan is ZESTY! - courtesy of joeredskin

04-22-2007, 11:29 PM	#2
SmootSmack Uncle Phil Join Date: Feb 2004 Posts: 45,256	Re: If you had a million dollars... What do you mean "If" __________________ You're So Vain...You Probably Think This Sig Is About You

04-22-2007, 11:35 PM	#3
Duffman003 Impact Rookie Join Date: Feb 2004 Posts: 602	Re: If you had a million dollars... i would do nothing __________________ give me food, feed me lunch 'you want water?', B#### give me punch - D12

04-22-2007, 11:42 PM	#4
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 63 Posts: 10,672	Re: If you had a million dollars... retire, my brother, retire __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

04-23-2007, 12:01 AM	#6
BigSKINBauer Pro Bowl Join Date: Feb 2005 Location: Washington, DC Age: 36 Posts: 5,688	Re: If you had a million dollars... Nice party house in College Park(600,000). 10 years of season tickets (100,000). Car that cost less than 50,000. 50,000 in random ass stuff, cloths, video games, TVs, MP3 players, computers, and so on. 50,000 to make it rain wherever i go. 50,000 to charity. 100,000 in the bank. That about covers it.

04-23-2007, 12:08 AM	#7
FRPLG MVP Join Date: May 2004 Age: 46 Posts: 10,164	Re: If you had a million dollars... Invest invest invest. A miilion bucks wont get yout through life all by itself. You need to make that million into millions. Invest every penny of it. Maybe buy me a new truck but that's probably it on the slefish pleasures. Create school accounts for my kids and probably buy investment real estate. I would consider starting a company and using it as capitol but probably only an investment realty company and the market would have to be more favorable than it is now to make it a full time deal.

04-23-2007, 12:12 AM	#8
hooskins Most Interesting Man in the World Join Date: Dec 2005 Location: Chantilly, VA Age: 37 Posts: 8,606	Re: If you had a million dollars... two chicks at the same time.. __________________ Vacancy

04-23-2007, 12:21 AM	#10
Daseal Puppy Kicker Join Date: Feb 2004 Location: Arlington, Virginia Age: 41 Posts: 8,341	Re: If you had a million dollars... nice office space quote, hooskins. Beat me to it =( __________________ Best. Player. Available.

04-23-2007, 07:47 AM	#13
KLHJ2 Inactive Join Date: Jan 2005 Location: DC Metro Area Age: 46 Posts: 5,829	Re: If you had a million dollars... Pay off bills, save half, invest half, and continue going to work. I went crazy the 3 months in between the Army and another job. I don't think I'll like retirement too much.

04-23-2007, 10:04 AM	#14
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 45 Posts: 12,426	Re: If you had a million dollars... - Sell my current house, move into a 5 BR, 3 Bath here in the Philly area. Pay 20% down on it and mortgage the rest (I'd rather carry the debt because after taxes the INT rate is only 4% or so, I can do better than 4% on my investments) - Set aside $100K into college education funds for the young'n (and future young'ns that I'm sure to have). Invest it in a stock index fund and let it ride. In 17 years that should be worth $500K, which should cover college education for 2-3 kids. - Buy a vacation property on the Outer Banks of NC (20% down, mortgage the rest). Rent it out for all but 2 weeks out of the summer. That cash flow should offset the cost of ownership. - Make everything in my house automatic. Automatic sprinkler system that turns on every morning at 7:00 am. Automatic lights when I walk into a room. Buy a few of those roomba robots that vacuum and mop your floors. Stuff like that. I'd also probably pay someone to clean my house once a week; having money is nice, but I'd want to have time more than anything. I'd rather unload some cash to make life easier. - Buy a couple sweet rides, probably a Toyota Sienna minivan for carting around the family, filled to the brim with all the trimmings. And then a Lexus ES for me. - Sock the rest of the cash away in stocks and bonds to generate enough free cash flow so the wife could stay home with the kids and be a full time stay at home mom. And of course for me, keep on working. __________________ God made certain people to play football. He was one of them.

If you had a million dollars...

Parking Lot