What would you do if you win $5,000,000.00?
By justreal
@justreal (2364)
Canada
January 19, 2007 10:35am CST
I would try to give myself time to realize that I have really won. First I would go and cash out, then I would arrange my money in a nice trusted bank account so I could get the interests coming in. I would go plan to build my own house and customize it myself, of course I'll hire contactors to build it. I would buy a big house for my mom and brother and cars, and the best cars, whatever they ask. I would get married and open myself small business.
7 people like this
46 responses
@coolmom (43)
• Philippines
20 Jan 07
First and foremost, i would buy our own house and lot because i am tired of renting a place. it is really my dream to have one for my family. maybe then, my husband will stop working abroad because it is also my dream to be always with him as well with my daughter. put a business like coffeeshops. then i will also share my winnings to all my relatives so that my happiness will be complete.
@sweetstacy (159)
• Philippines
20 Jan 07
well yes..i would want to have a lot of material things.but i would like to give out money to those who also need them.like the orphans,or typhoon and fire victims.to the sick people who doesn't have money to pay for their treatment.also to the church for it to be able to function well.well you might call me a liar or a hypocrite but that is what i am willing to do.i am willing to share my $5,000,000 to the people around me.i would also give my family what they desire,then i would think about me.maybe i'll take a tour around the world.get to see the wonderful things god has made,and cherish every moment of it.because every minute of a man's life is a gift.that we should be thankful that we have been privileged to have.
@simpleatif (2508)
• China
20 Jan 07
If i get thats money than i will visit hole world and one another dreams will complete thats is i will make 1 hotel in every country in the world i hope with this money i will complete these my dreams
2 people like this
@rain07 (132)
• Philippines
20 Jan 07
I would also want to have a own house according to my preference. I'll buy new cars. I'll open up a business so I can invest on something profitable and I would dispose all my old clothes and buy new ones.. :) I'll give some money to my family. The rest of the money will stay on the bank and use it in the future. :)
@iinvention (646)
• India
20 Jan 07
I will spent half amount for the welfare and safety of my family. I will spent the rest by opening an orphanage and maintain it on my own without the contribution of others
@Rumple (301)
• South Africa
20 Jan 07
I would probably have to be hospitalised for shock... Other than that, i would buy myself a Honda CBR RR motorbike and probably an Atom. The rest i would invest till im old enough to retire... I would like to play around in the stock market though. Its always fun when you have a lot of money.
2 people like this
@BlaKy2 (1475)
• Romania
15 Feb 07
Winning the lottery is not something that a lot of us will be able to do anytime in the neat future, and that's probably a good thing. A decade after the average person win's the lottery, they're bankrupt. People start spending uncontrollably and think they have all the money in the world, when often times the amount of money they won is not much at all. When the average person wins the lottery, they buy a whole bunch of stuff they don't need, fancy cards, nice houses, and the like. If you were suddenly blessed with a million dollars, would you just blow it away like most lottery winners do, or would you be wise with it?
Most of us would like to be wise with our money in the event that we were blessed greatly with a large sum of money, but if we were to get a bunch of money, what would you even do with it? Let's pretend that you are blessed with one million dollars, what should you do with it?
First and foremost, if you are a Christian, you should give 10 percent of the million to the local church. God commands we Christians to give a tithe to the church, and we should do that. If this is to happen, you should call up the church's business manager and have a meeting with him or her. Be sure to let them know that you want this to be absolutely confidential, because people will treat you different if they know you have that much money. This will probably be a great blessing for a lot of churches as well, but keep it anonymous!
Secondly, you'll want to pay off any debts that you have. You might have a home mortgage, a credit card, a car payment, just go ahead and get rid of those as soon as you can. They're not worth your time any more now that you actually have some money! Let's say that all of your debt combined including your house adds up to $200,000, so we've spent $300,000 so far.
After you tithe and pay off your debt, let's save some money. If you have children fund their college education, and otherwise save money for retirement. You should probably save at least half of your million for this. If you save $500,000 in good mutual funds for 25 years, you'll have 8.5 million dollars to retire on. That's more than enough!
We've got $200,000 left to work with. You can give $100,000 of this away to your favorite charity, because if you are blessed, you should be able to bless others. Be sure to pick out a good charity too, one that has very low overhead. Finally, it's okay to have fun with some of your money, but keep it reasonable. Feel free to spend $100,000 of it on anything you'd like, have fun with it!
@tapeshnlu (349)
• India
20 Jan 07
well i would fulfill all my wishes which i always wanted to and i would give away some in charoty also.rest i will give ti my parents.
and i will invest some of it in shares also.
2 people like this
@dangerdvd (320)
• Italy
20 Jan 07
travel travel and travel!!!!!uhhhhh incredible thing... ufff i want win a lot of money but.... i am unlucky!!! if i win, i will buy a porsche..black..3000cc... and i will go in the street of my city, and say: "UUUUUUUHHHH YEEEAH!!!"
@eolivan (414)
• Philippines
19 Feb 07
do you know how big that amount is? especially here at our place? that's can make up to 4 or 5 generations live without working already. that's around Php250M and everything here costs cheaper coz we're just a province. Anyway, I think I would deposit it and spend the interest which would be about Php2M every month. I can build a very big house with that around Php50M, but that would be a mansion already here so probably wouldn't spend that much. and while building my dream house that would take around 2 years to make, i would be buying luxury and exotic cars for myself and at the same time making a foundation for charitable institutions :)
@Lydia1901 (16351)
• United States
22 Jan 07
Well, that sounds like alot of money. If I win that much money, I will pay off all my student loans, my bills and then retire early.
@ksenecal1280 (4)
• United States
20 Jan 07
If I won %5,000,000.00 the first thing I would do is pay off all debts ie student loans. I would then take some time off to spend with my son. I would also use that time to travel and see all parts of the world. After I settled into having the money I would go back to work. Yes I said I would go back to work.I am a special education teacher and I love what I do and if your not going to work you stil have to keep yourself busy. Aa far as my living standards they would remain modest. After all $5,000,000.00 doesn't go too far in this day and age.
1 person likes this