What would you do if you recieved $1,000,000

NightOwl · #1 11-09-2007, 09:45 AM

Here is a fun question

I was watching the news last nite, and at the end they were asking folks what would they do if they recieved 1,000,000,
Was alot of interesting answers.
So I thought I would post it here annd see what answers came up

What would you do with a million if you recieved it today?

Cash that is

BoredOutOfMyMind · #2 11-09-2007, 09:52 AM

Quote:

Originally Posted by NightOwl

Here is a fun question

I was watching the news last nite, and at the end they were asking folks what would they do if they recieved 1,000,000,
Was alot of interesting answers.
So I thought I would post it here annd see what answers came up

What would you do with a million if you recieved it today?

This question would depend on how one received the money?

$1000000 cash? annunities? tax deferred? tax free?

I know a lady who won $250000 on a slot machine. She would up with only $130000 after taxes. She bought a secondary house and blew the rest on a new Harley and truck.

Ferd · #3 11-09-2007, 09:53 AM

in the words of my father,

"Pay the bills and keep on working"

Stephanas · #4 11-09-2007, 09:54 AM

Quote:

Originally Posted by NightOwl

Here is a fun question

I was watching the news last nite, and at the end they were asking folks what would they do if they recieved 1,000,000,
Was alot of interesting answers.
So I thought I would post it here annd see what answers came up

What would you do with a million if you recieved it today?

I'd sow $100,000 each into the top ten charismatic ministries.

Then I'd have $100,000,000, which I'd sow back into the top ten ministries.

Then I'd have "10,000,000,000, which I'd sow once again.

Then I'd have $1,000,000,000,000, which I'd sow again.

Then I'd have $100,000,000,000,000, and I'd sow it one more time.

Then I'd pretty much have all the money in the world, if the hundredfold return principle was the truth instead of a lie perpetrated on greedy and gullible people by slick snake oil salesmen.

NightOwl · #5 11-09-2007, 09:56 AM

Quote:

Originally Posted by Stephanas

I'd sow $100,000 each into the top ten charismatic ministries.

Then I'd have $100,000,000, which I'd sow back into the top ten ministries.

Then I'd have "10,000,000,000, which I'd sow once again.

Then I'd have $1,000,000,000,000, which I'd sow again.

Then I'd have $100,000,000,000,000, and I'd sow it one more time.

Then I'd pretty much have all the money in the world, if the hundredfold return principle was the truth instead of a lie perpetrated on greedy and gullible people by slick snake oil salesmen.

good one

NightOwl · #6 11-09-2007, 09:57 AM

Quote:

Originally Posted by BoredOutOfMyMind

This question would depend on how one received the money?

$1000000 cash? annunities? tax deferred? tax free?

I know a lady who won $250000 on a slot machine. She would up with only $130000 after taxes. She bought a secondary house and blew the rest on a new Harley and truck.

lol
I clarified it for you on my first post

Ferd · #7 11-09-2007, 10:03 AM

Taxes would eat up almost 400,000 so I would take the $600,000 invest it in tax free munies and at a rate of 4%

that would bring $24K per year in returns. at the point where all my debt was paid off, I would re-invest until I had enough to live on, then retire to the country and become a gentleman farmer.

tamor · #8 11-09-2007, 10:26 AM

Quote:

Originally Posted by BoredOutOfMyMind

This question would depend on how one received the money?

$1000000 cash? annunities? tax deferred? tax free?

I know a lady who won $250000 on a slot machine. She would up with only $130000 after taxes. She bought a secondary house and blew the rest on a new Harley and truck.

ONLY $130,000? Poor thing!

Kutless · #9 11-09-2007, 10:26 AM

Quote:

Originally Posted by Ferd

in the words of my father,

"Pay the bills and keep on working"

A million.....its scary to think that that doesn't sound like that much money anymore. Pay the bill help the parents an in-laws and thats pretty much it.

OK.....maybe a trip or two ta Branson.........

nathan_slatter · #10 11-09-2007, 10:31 AM

Buy about 150 acres in the middle of nowhere. Build a house out of adobe and several other houses for all my friends to come visit. Buy solar panels and every single thing I could do to remain off grid (except for internet) and live. All my friends would come over often for food and drink (and that drink would be whatever they wish to bring).