What will you do if you have $1,000,000?

Philippines
August 30, 2017 8:29pm CST
If I have this amount of money I will allot some for investments, savings, insurance, small business, buy a small house and lot and for my education. This is to make sure that I will have a steady flow of money and I can have my time to relax in a coffee shop while reading newspaper and enjoying my cup of coffee. How about you guys? What will you do if you have this amount of money? Share your thoughts and let us have a discussion
6 people like this
11 responses
@Shavkat (139702)
• Philippines
31 Aug 17
I will buy a new country of my own and leave the Philippines.
5 people like this
• Philippines
31 Aug 17
Why do you want to leave the Philippines? Why not use the money to make a change, to make a difference for our country? That amount of money may be used for a good cause.
2 people like this
• Philippines
31 Aug 17
@Shavkat I can't blame you for giving up hope in our country. But I think as long as people are struggling for a better world there will come a time that the Philippines will be a good place to live.
4 people like this
@Shavkat (139702)
• Philippines
31 Aug 17
@JasperTore Our country is hopeless. I don't want to elaborate why. I just wanted to find a new country to stay.
2 people like this
• United States
31 Aug 17
I will go out to rural here and buy some land with a lake or near a river for fishing.
4 people like this
• Philippines
31 Aug 17
So you want to live the rest of your life near a lake or river for fishing. That is truly a relaxing life indeed. Will the place be in the US or in another country?
3 people like this
• United States
31 Aug 17
@JasperTore Well if I can stay here that would be great...but I am not averse to going anywhere
3 people like this
• Philippines
31 Aug 17
@TiarasOceanView I see. I would love to stay in my country too. Despite the fact that there are some bad things happening now. I want to use the money to help others and uplift their lives. And somehow they will do the same to others and this will repeat itself until everyone has a good life to live.
2 people like this
@averygirl72 (37845)
• Philippines
31 Aug 17
It's important for us to build a brand new house because our house is 50 years old already. We also like to have a spacious car or van for the family. We also want to put shops or commercial business spaces in front of our house to earn some money. Many good things can happen in our life if we have this big amount of money
3 people like this
• Philippines
31 Aug 17
Yes, a good house is a must for us. Since Philippines is frequently visited by typhoons. A spacious vehicle for family activity is a good thing too. No more worries about commuting when going in a long road trip out of town. Putting up shops and commercial business spaces is a good source of income to sustain the lifestyle that we have. With this big amount of money, many things can be changed.
2 people like this
• Philippines
31 Aug 17
@averygirl72 Actually it is a long story cut short. 7 years ago I joined this community to earn some money. That was way back in college. I don't have a frequent internet connection so I rarely visit mylot. I was able to earn a few bucks before but I got busy so I ended up being inactive for a long while. Just now, I am idle in the office so I check my yahoo mail and I run through this email from mylot. Then, I suddenly remember about mylot and I checked if my account is still active. And here I am, coming back again in mylot after a long inactivity.
1 person likes this
@averygirl72 (37845)
• Philippines
31 Aug 17
@JasperTore You joined mylot 7 years ago but why you have so little activity here. Nice to see you're active again
3 people like this
@RubyHawk (99405)
• Atlanta, Georgia
31 Aug 17
That's hard to say since I know I will never have that kind of money. I would probably invest about half and devide the rest with family.
2 people like this
• Philippines
31 Aug 17
Yeah, earning this huge amount of money is really hard. But having this huge amount is a big opportunity to change our lives. Your plan to invest and divide the rest with family is a good act. We need to be wise in handling our money because it is not easily earned. We have to use it properly and make sure that it was used for a worthwhile purpose.
1 person likes this
• Philippines
1 Sep 17
@RubyHawk Yeah you're right. Living simply and going by the day to day is fine too. But the whole point of my discussion is to see what people plan to do if ever they come by this amount of me.
1 person likes this
@RubyHawk (99405)
• Atlanta, Georgia
1 Sep 17
@JasperTore That's true but I'll never have that much money to worry about.
@Jaff1978 (37)
• Casablanca, Morocco
31 Aug 17
Hi , If I had 1 million $ , I would buy a Rolls Royce . These cars are so powerfull that you feel like in a cloud for the time of a whole travel or journey out of cities . However , 1 million $ is not sufficiant enough to realise the whole of my dreams , because I wouldn ' t be happy enough if I don ' t change the whole of my house and so on . You see !! maybe that nowadays 1 million $ is not a great sum of money but neverthless it does open great doors . Wha about you , what would you have done with more than a million ?
• Philippines
31 Aug 17
That money is enough for me I guess. If you come by the Philippines then you can get a lot of things from this money. U can start with some investments, life and health insurance, buy a house and lot, buy a car and open up your own business. It depends on your imagination on how to maximize the use of this money.
1 person likes this
• Philippines
31 Aug 17
@Jaff1978 I want to go there in Morocco someday when I have enough money. Casablanca is a famous place for shooting of movies. There is also a song about Casablanca. Well, everything in this world is getting expensive because of inflation. The resources are depleting in time so the cost will surely increase. Well, I also don't have the money I mentioned in this discussion and same to you I keep on living.
• Casablanca, Morocco
31 Aug 17
@JasperTore In the country where I live ( Morocco ) , in the actual days , every think became much more expensive . The everyday living , the electronics , the housing , education , transportation . Everything became much much more expensive . Well , I can say it is not sufficient enough but I don ' t have this money and I keep on living .
2 people like this
• Nairobi, Kenya
3 Sep 17
one million dolar! I would travel to UK and then to Paris. I will be having breakfast in Canada, Lunch in America and Supper in Madagascar. I think I would waste it for fun.
1 person likes this
• Philippines
4 Sep 17
I see. But I bet you still have enough money left even if you go to the places that you have mentioned. Haven't you thought of investing the money or putting up a business?
1 person likes this
• Philippines
4 Sep 17
@mildredtabitha Well being optimist is a good thing. Because it helps us do better and always see the bright side of things. It feels like we can make things happen even if it is our first time doing it.
1 person likes this
• Nairobi, Kenya
4 Sep 17
@JasperTore haha unless it really happens I won't raise my hopes up. :) But investing is a good idea.
1 person likes this
@KrauseHome (36448)
• United States
31 Aug 17
Investing some would definitely be #1, after paying off our house if we could, and our Car, and maybe even invest in the car we are really wanting next. Business would also be worked on stocking up more on some of my Hot items as well.
1 person likes this
• Philippines
31 Aug 17
I totally agree with you @KrauseHome about this matter. What sort of business do you plan to put up with this amount of money?
• Baguio, Philippines
31 Aug 17
That would be good for retirement already... When you put it in business you might go bankrupt and start to zero again.
• Philippines
31 Aug 17
For retirement, this money is enough already but if you wait for your retirement before using the money then I bet the value of this money would have been less compared to when you first get the money. So to make sure the money will be able to at least maintain its value in the years to come we have to invest or put up a business to keep the steady flow of money in our pocket. Getting bankrupt in business can be avoided thru proper planning before doing the business. There is always a risk in business but it can be minimize and manage by doing some studies and planning.
1 person likes this
• Philippines
1 Sep 17
@moneychaser What investment instruments do you have? Do you mind sharing it to us?
1 person likes this
• Baguio, Philippines
1 Sep 17
@JasperTore I agree. I have my investments too...
@SHOHANA (16093)
• Bangladesh
31 Aug 17
first of all I will donate some and use some to build a business
1 person likes this
• Philippines
31 Aug 17
You have a good heart my friend. Donating it to help others is an act of kindness and selflessness. You will surely be blessed many times for this act. What sort of business will you put up with the money?
1 person likes this
• Philippines
31 Aug 17
@SHOHANA You're welcome! Oh, clothing industry. That is a good business venture I guess. People need to wear clothes and population is growing so you have a lot of customers. Good luck on that!
1 person likes this
@SHOHANA (16093)
• Bangladesh
31 Aug 17
@JasperTore thanks dear for appreciating me, I have a plan for business of clothing. thanks for asking!
1 person likes this
• Philippines
31 Aug 17
Well, if I will be blessed with an amount of money coming from my own hard work, then surely such an amount should be spent wisely. I have always wanted a startup tech company and with money, it would be a good investment. As you said, it is important that we have a steady cash flow, and securing assets through investments is a good way to secure financial independence. And of course, let us not forget to help the ones in need, especially our relatives without being taken advantage of.
• Philippines
31 Aug 17
Yes your idea is a good one too. We should not forget to help our relatives who are in need without being taken advantage. This kind of blessing should be shared to people who matters most to us. And by sharing this blessing we are able to uplift them and make them happy.
1 person likes this
• Kathmandu, Nepal
4 Jan 18
I will have that amount in some years from now! I believe in that! I don’t know if that is just a dream but I think I will have! And I will make a garden with the money and care all the plants very carefully!
1 person likes this
• Philippines
4 Jan 18
Wow. You want to help our environment. You truly are a nature lover. I would be glad to be part of your endeavor then.
1 person likes this
• Philippines
4 Jan 18
@creativeaashish Thank you my friend!
1 person likes this
• Kathmandu, Nepal
4 Jan 18
@JasperTore Yeah! We can all be part of Green World. Because the world is deteriorating very fast. I wish you best of luck for everything, friend!
1 person likes this