What would YOU do with $1,000,000???
11-14-2002 | 03:57 PM
#12
Joined: Jun 2002
Posts: 26,755
Likes: 4,332
From: Bondville
I thought this would be an easy ? to answer but every answer that came to me wasn't that cut and try. It's a scary reality but 1 million dosen't go that far.
I would fulfill my automotive wish list as the market is down now as far as older high-end cars. I would get
1. porsche 911 (993)
2. ferrari 308gtsi QV
3. 03 formula red s2k
That would cover about 100k right there. I would also replace my daily driver with something new about 20k.
I currently own 0 real estate so that would be a priority for me but I would wait for the real estate market to cool down.
I would definately cut my hours down from full time to part time as long as I could keep my benefits. I would put the rest in investments and spend the extra free time I have now between handling my investments and taking care of my cars. My final goal would be to have my investments grow enough so that I could quit my job and spend my days building my car collection and taking care of the cars I have.
I would fulfill my automotive wish list as the market is down now as far as older high-end cars. I would get
1. porsche 911 (993)
2. ferrari 308gtsi QV
3. 03 formula red s2k
That would cover about 100k right there. I would also replace my daily driver with something new about 20k.
I currently own 0 real estate so that would be a priority for me but I would wait for the real estate market to cool down.
I would definately cut my hours down from full time to part time as long as I could keep my benefits. I would put the rest in investments and spend the extra free time I have now between handling my investments and taking care of my cars. My final goal would be to have my investments grow enough so that I could quit my job and spend my days building my car collection and taking care of the cars I have.
11-15-2002 | 08:46 AM
#16
Registered User
Joined: Jul 2001
Posts: 28,316
Likes: 7
From: This is not my house!
I'm with Red that $1M isn't much especially if you're young but...
(I'm going to assume $1M *after* taxes)
I'd quit my job and retire to a career of teaching at a Jr College while going back to school for more degrees....
I think I could do that with 1M.
(I'm going to assume $1M *after* taxes)
I'd quit my job and retire to a career of teaching at a Jr College while going back to school for more degrees....
I think I could do that with 1M.
11-15-2002 | 10:03 PM
#19
Banned
Joined: Oct 2001
Posts: 3,721
Likes: 0
From: Calgary
$1 US = $1.6 M Canadian 
So I'd get the S, get a house, get a beater, then put the rest in investments and GICs, let it grow a few years, then when I hit 30 get my ass into the Speed Touring Car Championships with a RACING S2000
So I'd get the S, get a house, get a beater, then put the rest in investments and GICs, let it grow a few years, then when I hit 30 get my ass into the Speed Touring Car Championships with a RACING S2000
11-17-2002 | 01:25 PM
#20
Joined: May 2001
Posts: 93,291
Likes: 806
From: Nowhere
I'm a little dismayed to see "$1 million isn't that much these days". Some of you must live in a 
ed up world if being handed $1 million wouldn't make your life a whole lot better. I realize some of you live in SoCal or the Bay where $1 mil won't even get you mansion in the hills (so to speak), but please...
What would I do? First, I'd get out of this hole . Second, I'd invest every penny I could. Assuming a marginal rate of return of at least 5% annual, you'd yield $50k/year in interest. That'd be a pretty good supplemental income to whatever FT job I could find, which I'd keep for the benefits and my sanity. And of course that supplemental income would mostly go towards driving fast (on a track)
ed up world if being handed $1 million wouldn't make your life a whole lot better. I realize some of you live in SoCal or the Bay where $1 mil won't even get you mansion in the hills (so to speak), but please...What would I do? First, I'd get out of this hole
. Second, I'd invest every penny I could. Assuming a marginal rate of return of at least 5% annual, you'd yield $50k/year in interest. That'd be a pretty good supplemental income to whatever FT job I could find, which I'd keep for the benefits and my sanity. And of course that supplemental income would mostly go towards driving fast (on a track)