QOTD: What would you do if you had a million dollars?

[Jstas]

Simple question. If you had a cool million bucks, what would you do with it?


Me?

I walk by these homeless people every day on my way home from work. They just showed up in the past 6 months. They don't look like the typical homeless person you see in Philly with some kind of drug/alcohol problem or mental illness. They look like "a regular joe down on his luck".

Well yesterday there was an old couple out there. Well, not really old, probably in their mid to late 50's. There were two women and a man talking to them and giving them food. I overheard them say they lost their house because he lost his job and they aren't old enough for social security benefits yet or something.

It made me think. If I had a million bucks, I'd buy a chunk of land, maybe 10-15 acres. Then I'd buy trailers and park them on that land and set them up with sewer, water and power. Then I would start rounding up some of these folks who got the short end of the stick and put them up in my trailers until they could get back out on their own again. Or, once they got back on their feet, charge them rent to stay. I mean, it's not much but I could stretch a million bucks a long way doing something like that. Once it was established and people were getting helped out, additional funding through grants and charitable contributions would be fairly easy to come by.

Maybe that's me "looking for attention" again, I dunno. But if I had a million bucks, I'd probably do that. I have all the stuff I need so I wouldn't really need the money. I mean a Ferrari would be spectacular but I think helpin' some of those people out would be better.

[bobman1235]

You'd probably get sued or something ridiculous, but that's a pretty good idea. I'd be curious to see if you ACTUALLY did it if you came across a million bucks, but hey, it's just a thought experiment.

Me, I'd be a little more selfish. Buy myself a reasonable house, help my family pay off any debts, put away a good chunk for my niece and nephew for college.

[Demiurge]

Well, I'd buy you a K-Car.

[concealer404]

I'd BUY a K-car, and make it fast. Just 'cause.




But seriously? I'd probably finish my Celica. Finish my MX6. Buy another beater. Hit as many car shows, competitions, and meets as i could across North America. Ship the Celica over to Germany, run the Ring.

Maybe buy an amp, and a new CDP.

Keep the rest to live off of just like i do now for the rest of my life.

[Pauly]

Throw one Badass Polkfest!


Pauly

[TroyD]

A million bucks? I'd sell two houses, build one....buy a pair of Quad 2905's and a VPI TNT turntable, Manley Steelhead....then give the rest to TLW.

Oh, I'd say we'd take an around the world vacation...basically spend 200K on trips/toys/house....put the rest up.

BDT

[Ron-P]

Invest half and spend the other half on this...it's only the most sexy car on the planet!

[Jstas]

Well, I'd buy you a K-Car.

A nice Reliant automobile?

But I want a green dress!

But not a real green dress, that's cruel!

[Keiko]

Pay off our house/bills. Build a dedicated man cave. Upgrade my stuff. Donate 100G or so to the less fortunate and give the rest to Janey.

[Jstas]

You'd probably get sued or something ridiculous, but that's a pretty good idea. I'd be curious to see if you ACTUALLY did it if you came across a million bucks, but hey, it's just a thought experiment.

Well, thanks for the vote of confidence.

I'm probably underestimating the costs but I know I would at least buy a large parcel of land and a few trailers to start the idea out and see how it goes. It might work, it might fail miserably. At least in the end I have a gigantic pile of land either way.

So if the trailer thing doesn't work out, pave a racetrack and go nuts with that Ferrari I mentioned.

[anhchungdoan]

I will buy Emo out and have them redesigned without the LED lights and give to every homeless shelter a nice set of EMO H/T. EMO-H-LESS.

[Tony M]

I don't know him personally, but I'd help BEN out with his need and then I would look at my families' financial future and then go on some trips if there was anything left which I guess there might be. ;)

I would also pay him to do my cross-overs too.:D

[everpress]

I'd pay off my current obligations and invest to make sure that no one in my immediate family is ever in debt again.

Then I would continue to look for work in my field, because I love what I do. And When you are at "0" on the debt-o-meter, you're about $25,000 better off than the average college grad and $150,000+ better off than the average home owner.

That freedom is real wealth.

[Tony M]

Throw one Badass Polkfest!


Pauly

I'd try to make that one!:D

[Lorthos]

Put in all in annuities and sit back....

[Ricardo]

I'd put it all in EMO stock.

[Knucklehead]

i'd pay off my current obligations and invest to make sure that no one in my immediate family is ever in debt again.that freedom is real wealth.

+ 1,000,000

[Demiurge]

A nice Reliant automobile?

But I want a green dress!

But not a real green dress, that's cruel!

:p

Seriously...I'd probably bank it in a way that I could try to live off interest. Although I couldn't stop working I don't think because a million bucks isn't what it once was and interest rates suck these days.

I wouldn't go on a spending spree, though. I'd get all bases covered and live comfortably.

[Grimster74]

:p

Seriously...I'd probably bank it in a way that I could try to live off interest. Although I couldn't stop working I don't think because a million bucks isn't what it once was and interest rates suck these days.

I wouldn't go on a spending spree, though. I'd get all bases covered and live comfortably.

Amen to this brother!

[Lasareath]

Pay off my Mortgage, Buy two new cars, Upgrade everythig in my 48 year old house and take trips around the world. and don't tell anybody so that I don't have to give any money away!

[m00npie]

People on my street just recently won the Mega-Millions. Their take home is 66 Million. Of the things they claimed they would be spending their new fortune on... none included cleaning up their F'n house.

They want to open up a seafood restaurant and "employ the unemployable" Mmmmmm... I want to eat there. Now that the cat is out out of the bag, it turns out these folks ran homeless shelters into the ground and owe Suffolk County roughly 800K. At this point, they have no intention of paying that debt. I hope they leave the neighborhood. It will be good for them, and good for everyone else to have the "Klopek" house renovated.

[NJPOLKER]

A million does not go that far anymore. First off you'd have to pay about 48% off the top. There goes the Aston/Ferrari/Lambo and so on..........
If it were a million dollars after taxes I think that would set you free, so to speak.

Myself
I'd finally buy a nice pair of monitor speakers.

[fossy]

Simple question. If you had a cool million bucks, what would you do with it?

I"d rent a place & buy the best band I could get & throw the biggest free party for all my friends........ hmmmm no wonder i'm in debt DOH

[Demiurge]

People on my street just recently won the Mega-Millions. Their take home is 66 Million. Of the things they claimed they would be spending their new fortune on... none included cleaning up their F'n house.

The biggest mistake people who win millions of dollars in the lottery make is pissing away the money thinking they'll never run out. They don't realize that they need to pay taxes on all of that money.

The best thing to do is try to live off the interest and not give beggars your money. If you want to be charitable, and I think you should be, do so anonymously. Heck I'm like that now and I'm not a millionaire.

[zombie boy 2000]

Did m00npie just make a 'Burbs reference? Hells yeah.
As for my cool mil... hookers and blow. Maybe set up a monkey jousting tournament.

[Willow]

A million does not go that far anymore. First off you'd have to pay about 48% off the top. There goes the Aston/Ferrari/Lambo and so on..........
If it were a million dollars after taxes I think that would set you free, so to speak.

Myself
I'd finally buy a nice pair of monitor speakers.

Not in Canada:D

I'd pay off all our debts. Buy a new house and let my bro or sis move in to our current home. (I'd charge them a little rent say 500 mth to teach them/ maintain responsibility)(they are both younger than I)it would also cover property taxes and such. We'd buy a new house and 2 vehicles. Pay off my moms mortgage and buy my mother in law a condo. We'd travel and invest about 250-500K. I'd still work

[bobman1235]

Not in Canada:D

Pretty sure you guys still pay taxes up there, no?

[concealer404]

Pretty sure you guys still pay taxes up there, eh?

Fixed! ;)

[Demiurge]

They probably pay more, although I'm sure we're catching up. Sad to say, for both of our countries. :(

[Willow]

Pretty sure you guys still pay taxes up there, no?

[edit] Income not taxed
The following types of income are not taxed in Canada (this list is not exhaustive):

gifts and inheritances;
lottery winnings;
winnings from betting or gambling for simple recreation or enjoyment;
strike pay;
compensation paid by a province or territory to a victim of a criminal act or a motor vehicle accident*;
certain civil and military service pensions;
income from certain international organizations of which Canada is a member, such as the United Nations and its agencies;
war disability pensions;
RCMP pensions or compensation paid in respect of injury, disability, or death*;
income of First Nations, if situated on a reserve;
capital gain on the sale of a taxpayer’s principal residence;
provincial child tax credits or benefits and Québec family allowances;
Working income tax benefit;
the Goods and Services Tax or Harmonized Sales Tax credit (GST/HST credit) or Quebec Sales Tax credit; and
the Canada Child Tax Benefit.