Comments on: What Would You Do With a Million Dollars? http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/ Money Tips for a Better Life Sat, 21 Nov 2009 13:21:41 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: candy http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-163720 candy Tue, 13 Oct 2009 10:35:40 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-163720 well for me i would so have the meanest party buy myself a couple of businesses invest half of the family spoil my family id do so much... well for me i would so have the meanest party
buy myself a couple of businesses
invest half of the family
spoil my family
id do so much…

]]> By: Indy Samra http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-163647 Indy Samra Sat, 10 Oct 2009 18:40:12 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-163647 Personally, I'd recommend diversifying in a well thought out portfolio of stocks, bonds, and mutual funds. Even in today's economy, there are still investments such as Tax Free Municipal Bonds that pay 7%+. Laddering your investments in 7% bonds, you could successfully ensure to receive monthly income, totaling $70k per year. Best part is, your investment is liquid at the fair market price, any business day. Personally, I’d recommend diversifying in a well thought out portfolio of stocks, bonds, and mutual funds. Even in today’s economy, there are still investments such as Tax Free Municipal Bonds that pay 7%+. Laddering your investments in 7% bonds, you could successfully ensure to receive monthly income, totaling $70k per year. Best part is, your investment is liquid at the fair market price, any business day.

]]> By: rama http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-161699 rama Mon, 14 Sep 2009 21:23:24 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-161699 Million dollars is not that much is it? Well for someone like me from a foreign country it is quite handful...I would buy rental properties all over the place in my country, rent it and then arrange to have money rolling into my account (after the taxes are taken care of, so I know what is in bank is mine to spend) and then go on world tours. Do charity/helping/living/travelling/ everything out of this rolling money....not a bad thought :) Million dollars is not that much is it? Well for someone like me from a foreign country it is quite handful…I would buy rental properties all over the place in my country, rent it and then arrange to have money rolling into my account (after the taxes are taken care of, so I know what is in bank is mine to spend) and then go on world tours.

Do charity/helping/living/travelling/ everything out of this rolling money….not a bad thought :)

]]> By: John http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-148279 John Thu, 07 May 2009 15:03:27 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-148279 It is so true that life can throw you many curves and you really never know what may come next but I can tell you that it is more than possible to have a million dollars if you do it right. I begin saving when I was 40 years old. Not a penny before that. By retirement, because of a small inheritance my wife would get, and the money we had saved we would have been worth a million dollars. That was only 20 years of saving to a 401k and an IRA. It can be done but you must do it. I did not take big risks. My investments were conservative but at least part in the markets. I said would have because that is where life got in the way. She found someone else and we divorced. If you are in your 30's right now you can be worth a million or more by retirement and that is the perfect time to have it. The trick is getting there and then keeping it. It is so true that life can throw you many curves and you really never know what may come next but I can tell you that it is more than possible to have a million dollars if you do it right. I begin saving when I was 40 years old. Not a penny before that.

By retirement, because of a small inheritance my wife would get, and the money we had saved we would have been worth a million dollars. That was only 20 years of saving to a 401k and an IRA. It can be done but you must do it. I did not take big risks. My investments were conservative but at least part in the markets. I said would have because that is where life got in the way. She found someone else and we divorced.

If you are in your 30’s right now you can be worth a million or more by retirement and that is the perfect time to have it. The trick is getting there and then keeping it.

]]> By: Bill Hutson http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-148000 Bill Hutson Mon, 04 May 2009 01:38:58 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-148000 I already work over 100 hours per week so that I can sustain Table Talk Ministries, we make free home repairs for the elderly and the disabled. First, I would eliminate the waiting list, we currently have 36 on it. Then I would purchase a couple newer trucks with tool beds and trailers so we could be more effective in our work. Lastly, I would be able to start a proper ad campaign to bring in donations, (they're tax deductible). I actually, might splurge on a vacation/honeymoon, I haven't had a vacation since 1982, I got married in 2002 and we never got to go on a honeymoon. I would continue to work until I knew for sure that Table Talk could become self-sustaining. I already work over 100 hours per week so that I can sustain Table Talk Ministries, we make free home repairs for the elderly and the disabled.
First, I would eliminate the waiting list, we currently have 36 on it.
Then I would purchase a couple newer trucks with tool beds and trailers so we could be more effective in our work.
Lastly, I would be able to start a proper ad campaign to bring in donations, (they’re tax deductible).
I actually, might splurge on a vacation/honeymoon, I haven’t had a vacation since 1982, I got married in 2002 and we never got to go on a honeymoon.
I would continue to work until I knew for sure that Table Talk could become self-sustaining.

]]> By: Wyndm http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-143142 Wyndm Sat, 28 Mar 2009 04:24:42 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-143142 oh and also i would help others if I could cause i know what its like to not have well good luck to everyone on there journeys and GODBLESS. oh and also i would help others if I could cause i know what its like to not have well good luck to everyone on there journeys and GODBLESS.

]]> By: Wyndm http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-143139 Wyndm Sat, 28 Mar 2009 04:01:30 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-143139 oh yea and eat everyday hehe oh yea and eat everyday hehe

]]> By: Wyndm http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-143138 Wyndm Sat, 28 Mar 2009 03:53:03 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-143138 well me if I had a million dollars I would get myself out of my truck ive been living in my truck for ever its not that I dont like to work its just that every job i get doesint pay enough to live in this city (lasvegas) but I would trick out my truck and buy a nice RV with a shower and a washer and dryer that way im always clean and have a place to cook and anywhere I go ill always have home with me and ill buy a building start my recording studio that would be great man i would love that. God would I love that. well me if I had a million dollars I would get myself out of my truck ive been living in my truck for ever its not that I dont like to work its just that every job i get doesint pay enough to live in this city (lasvegas) but I would trick out my truck and buy a nice RV with a shower and a washer and dryer that way im always clean and have a place to cook and anywhere I go ill always have home with me and ill buy a building start my recording studio that would be great man i would love that. God would I love that.

]]> By: Scott http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-138451 Scott Sat, 07 Mar 2009 15:20:52 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-138451 Well, I was terminated at a 6 figure job illegally. They fired me due to the fact that I made a workers comp claim. Due to the extreme behavior of the firm I will be rewarded 2.5 Million and my lawyer gets the other 2.5 Million. Moral of the story: Get fired by a very successful research firm with a crap legal staff. Then get ready for a 2 year battle in near poverty conditions. There is a light at the end of the tunnel, just make sure its not a f_n freight train. I will manage it very conservatively. I sure as hell wont let anyone know I am worth that much, until its very very necessary, for example, arriving at a highschool reunion in a Viet Nam Era Huey. Revenge of the geeks, how sweet it is. I also plan to return to lawschool. One day my hope is to have several 2.5 million dollar cases in my portfolio. Increase the number of patents I have and sue the poor bastards who try and steal them. I do love the courts. It is indeed a level playing field if you have the money or a good case. My sister, actually won the california lottery. Now shes divorced working as a airport gift shop trainer. Almost crippled, she holds her family together by keeping her nose to the grinder. If she would have divorced her husband at the onset of winning the cash, she would have been living like the princess she is. Her husband snorted half of it up his nose and drank the other half. He is broke as the toys of christmas past. Lessons learned. Stay cognitive. Dont let it go to your head, by any means. Stay as cheap as you already are and invest in a law degree. Well, I was terminated at a 6 figure job illegally. They fired me due to the fact that I made a workers comp claim. Due to the extreme behavior of the firm I will be rewarded 2.5 Million and my lawyer gets the other 2.5 Million. Moral of the story:
Get fired by a very successful research firm with a crap legal staff. Then get ready for a 2 year battle in near poverty conditions. There is a light at the end of the tunnel, just make sure its not a f_n freight train. I will manage it very conservatively. I sure as hell wont let anyone know I am worth that much,
until its very very necessary, for example, arriving at a highschool reunion in a Viet Nam Era Huey. Revenge of the geeks, how sweet it is.
I also plan to return to lawschool. One day my hope is to have several 2.5 million dollar cases in my portfolio. Increase the number of patents I have and sue the poor bastards who try and steal them. I do love the courts. It is indeed a level playing field if you have the money or a good case.
My sister, actually won the california lottery. Now shes divorced working as a airport gift shop trainer. Almost crippled, she holds her family together by keeping her nose to the grinder. If she would have divorced her husband at the onset of winning the cash, she would have been living like the princess she is.
Her husband snorted half of it up his nose and drank the other half. He is broke as the toys of christmas past. Lessons learned. Stay cognitive. Dont let it go to your head, by any means. Stay as cheap as you already are and invest in a law degree.

]]> By: Tiff http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-123539 Tiff Thu, 04 Dec 2008 23:31:37 +0000 http://moneysmartlife.com/what-would-you-do-with-a-million-dollars/#comment-123539 I would totally build a mansion, then park a motor home/trailor inside of it so that I could be like "Yeah :D I live in a trailor." I would totally build a mansion, then park a motor home/trailor inside of it so that I could be like “Yeah :D I live in a trailor.”

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