You're Given $500,000. What Will You Do With It?

put the whole thing into mutual funds with compounding interest. $500,000 is not much money nowadays so let it grow. if you did not earn it and just easily gotten it just like that, then you can live without the $500,000. go for the long run.

as a matter of fact,i am an ordinary people,i havn't ever seen so many money befor,but if i am lucky enough to get 500,000 dollars.i will buy two cars(one for day and one for night),as for the rest ,i will buy plenty of cookies.i am so hungry now.lol...

Well if I didn't take a heart attack from the excitement the first thing I would want to do is get a house that we would all be comfortable in and not have to worry about getting out because someone else was buying the house we were living in . I would want to pay off all our bills and get a new vechile and with that kind of money I would be able to help out some of my family and friends that have always been there for us when we needed someone .

I'd talk to my financial planner about investments on $400,000 of it and take the other $100,000 to travel and pay my bills for a few months while I take some much needed time off work. I'd probably take some money out of the 100K to start my business and play for a bit, see how that works out. If it worked out, I'd move onto phase 2 of my plan. $500,000 would be just enough to buy a moderately priced house in this area so I'd wait until I grew it a bit more for a year or two and buy my lakefront property in the British Columbia Shuswap, since you can still get a beautiful property for 200 to 300 grand, and I'd work from home.

If somebody gives me that amount of money maybe I will buy a round trip ticket aound the world. I dont know if its enough coz it only once in lifetime so maybe I will spend it happily with my family.

After two houses I don't think you'd have much left... Personally I would reinvest it. I would probably buy a couple of small ( $100k) run down houses and flip them, just because I've always thought that would be a fun project. Split the profits into high yield savings accounts and CDs. If you can average 5% apy on $500,000 that's $25,000 per year. Not a bad little supplement to your income. I do admit I'd probably buy a small house and a nice truck, but I'd do them on credit (mortgage and auto loan) and let my dividends pay the monthly payments.

If it was legit say I had won it. I'd pay people to take part in my sites! probably the only way i'd get p&a active again... lol seriously I'd give my son a lot of it and my parents. i would also buy a large plot of land and build my own house to which would be the only house for miles. ~Joey

I would certainly buy a farm lot. I am going to plant lots and lots of fruit trees,vegetables,and flowers and going to live their. That is my dream.