If you win a million $,what would be the first thing you'll buy ?
By worthy
@worthy (2413)
India
February 15, 2007 2:14am CST
We always keep saying that if i had enough money i would buy a cosy house, a flashy car etc. etc.
Just imagine that you have won one million dollars.now honestly answer what is the first thing you are going to buy and how will you spend rest of the money.
4 people like this
8 responses
@krishnafour (302)
• India
16 Feb 07
I would first of all buy a posh house with all modern facilities. Then i would go for my dream car a Mitsubishi Lancer. May be it might look cheap compared to the million dollar that i would receive, but still it is my dream car. Then i would invest 75% of the remaining money in bank securities. The rest i will invest in shares and mutual funds.
@Tamilan (220)
• India
16 Feb 07
If it happen so then First I will settle all my loans, take my parents to complete medical checkup and fulfill all the basic needs of my family and friends. Till then if i have balance I shall plan to construct a house and deposit the balance in my account for the future needs.
thx
@dradelelassy (1208)
• United States
15 Feb 07
my dream to buy house facing quite lake with small farm nearby the rest of money to travel around the world to enjoy places i never visited
2 people like this
@patrice7 (1191)
• United States
15 Feb 07
wow!. i think that the first thing that i am gonna purchase is a nice and new house for my family!. then i would buy each of us cars and then each of us new gadgets like computers, iphones, laptops, ipods and all other stuff.. then i would invest the rest of the money to some business and i would run the business myself..i will also but lots and lost of nice clothes for myself and i will invite my hubby to go with me to tour the world. wow! that would be nice. i am going to bring all my friends with me and we will party and get wasted in all the famous beach resorts all around the world!. then i am gonna make sure that my mother and father and granma and grandpa are gonna have the ultimate time of their lives!. i am also gonna donate some of my money to the church and to the home for the aged and to the children too..
2 people like this
@adidas7878 (1891)
• United States
16 Feb 07
the first thing i would do is actually if i got a million dollar is i would pay off on my house. and all other debet, than i will buy a car, one that i always wanted my life a dodge charger, and put the rest in my bank, so i can get more money out of that.
@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!
@worthy (2413)
• India
15 Feb 07
Wo my friend.I must say you have worked it out in detail.
Thanks for such a good suggestion.
i know and am happy that we dont win lottery easily and often (many of us never ever win).
Its a situation given just for evoking interesting and funny responses.
1 person likes this