Who wants to be a millionaire?
Posted by: Anonymous
9th Nov 2007 02:11pm
Another light one for you all...
If you won a million dollars what would you do with it and why?
If you won a million dollars what would you do with it and why?
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Comments 103
Anonymous
Well, first off, I'd make sure to put at least half in a long term savings account.
The rest I would just use for whatever I wanted.
PGS
Can't really do much with 1 million these days.
Investing 1/2, I'd pick up just enough that if there is no job it should matter too much. Maybe not - have to pay tax on the interest.
Needing to stay near the city, we'd be stuck with some fairly insalubrious areas to live in by the time all the excessive redtape & gov't fees are added to the house price.
Replace the car & send my parents on a holiday.
trix56
Ahhh.............a million. Make it 20 or 30 maybe. Priorities change over time and over what you can and can't afford.
My man and I sometimes while away the hours if there's nothing on TV and discuss what we'd do. We alrready know we'd have to split it down the middle because his priorities and mine are so different.
I really don't know. A stable place to live because I haven't had that a lot in my lifetime. Yeah probably a new car. Mine's over 20 years old and looking a bit worse for wear. But other than that? I'd certainly be able to visit the interstate kids and grandkids more often.
He wants a brand new motorbike and a boat.
I'd help the kids a little but not too much. If you don't work for what you have you don't appreciate it as much. They can have the rest when I'm dead.
paradox
Anonymous,
Simple, spend it. Build a house, give some to my kids and grand-kids and to my favourite charities and put a bit in the Super fund.
GJ
A millian does not go as far as it used to but saying that buy new house then pay of kids home and then maybe a small holiday let the charity get they own money :-)
Anonymous
I would pay off our debts, buy a new car each for my wife and myself and then make sure that my step-daughters gain the education they deserve.
soss
soss say's.....If I won a Million Dollars, The first thing I would do is buy a house with a swimming pool & ducted aircon, replace most of my furniture, buy a new car, help out my 3 kid's & 2 G'Kids, give some to a charity, Probably Kid's with Cancer, & also go on a Holiday, & if anything is left, I'd invest it, & try & live off the intrest.
soss
If I won a Million Dollars, The first thing I would do is buy a house, New Furniture & a car & have a great Holiday, as I haven't had a Holiday in 19years, If there is any left over I would invest it, & try & live on the intrest.
Miss Prim
Firstly, I would make sure my husband (who has a life threatening disease) has the operation that he needs and gets professional medical care, pay for his expensive medication and make sure he has a much needed holiday and buy him a new car. Then I would pay off the mortgage, renovate the bathroom which badly needs a makeover and help out family. After that there would not be much left as I have a large family but I would invest enough to live on for the rest of my life.
riaria0203
If I won a million dollars I would invest it in property and put some away in the bank and continue watching it grow!
loismary
loismary
Couldn't even imagine winning it!
Anaka
If i won 1 millon dollers,most of it would go into a family trust so my kids would be able 2 set up once they have moved out of hm...I would take myself 2 a spa and treat my self.And the kids and i would take a long holiday over in Australia to catch up with my dad and brothers who i havn't seen in years
chrissyGirl
First and foremost ....HAVE ONE HELL OF A PARTY!!!!!! buy house that i can do up, travel, buy a boat.. and i would Donate to starship hospital.
Anonymous
Pay debts back, pay my rent for a year, not work for 6 months, start my own business, invest some of it and then let the rest sit in a bank and clock up some interest.
Anonymous
Donate to charity, buy a house & a car. PAY OFF UNI !! :D Take me & my partner to America & save the rest :)
damarapearson
I would invest most of it until I am older.
Ralphy
I would purchase a house to avoid having a mortgage which banks change the rates on daily. The left over money would be invested for a return annually so as to pay rates every year.
PukPuk
Could not win a million dollars. Would have required gambling in the first place. Now if I earned a million dollars would straight onto the stock market to day trade to give me another million, one to play with and the other as a safety net.
kellco
a mill really doesn't go that far these days, but i wouldn't complain if I won it :) I would pay off the mortgage, take a long holiday, preferably a cruise around the greek islands, ahhhh bliss !!!!!! and would set up some sort of savings/investment for my kids.
Nefertari
If I won a million.... I'd pinch myself to make sure I wasn't dreaming!
Seriously I'd spend it on either a new house or refurnish this one and then go on a long cruise with my hubby or perhaps visit my in-laws over in England. If anything was left after all that it would go into the bank for bills etc.
spabath
I would invest in a beach house, travel to places I love, top up my term deposits, give generously to Alzheimer's Disease research, shout my children a great holiday and some cash.
Gigi
I'd treat my nearest and dearest on an indulgent holiday. A luxe villa in Canggu Bali or a beach cottage in Sardinia - options galore! While $1million may not go as far as it used to in real estate or mortgage terms - especially when split a few ways - it can facilitate a super holiday for family and friends to remember forever.
mermaid
So many options, a long term vision would be to set up a real estate business building affordable housing for the less fortunate. Reinvest the profits into a restaurant complimented by a garden for fresh produce.
The added bonus of the restaurant business, long term unemployed manage the business enabling life changing experiences.
sparkles
Pay off my debts and work only part time.
Lexi
I would pay off a few loans (not very expensive) then would put aside money to pay for University. After that, I would use a fair chunk of it helping those less fortunate than myself. I wouldn't necessarily donate to charity, but I would definitely use it for good. Then I'd do up the Torana sitting in my backyard. Depending on how much was left, I'd help out my family and friends if they needed it. I'd wisely invest the rest.
Anonymous
I would buy a small house/unit and semi-retire and hopefully spend more time with my precious children and grand-daughter... Oh, I can but dream
Anonymous
Divide it between my three grown up kids. I dont want anything. I have a pretty house, a decent car and an amazing husband who is my best friend. His health is not great but money cant fix that so I will just keep being daily grateful for him, love and look after him.
halle
I would make sure out debts were paid, we were comfortable, help family out, give some to charity. Have little splurge on myself and set up some sort of investment.
JNel
I'd buy a unit at Coolangatta and invite my friends to stay
Anonymous
I would pay off all my debts, pay of my parents debts, buy a home, go on holiday and put the rest into savings.
EileenW1
I would totally furnish the tiny kindergarten in Bugbug Village East Bali and build a kitchen so every child could have breakfast and none of these 27 beautiful children need go hungry any more
madaussiepom
Pay off my house so my husband can retire as he is 69 yrs this year & help my kids out finacially
colourblind
I've never owned anything. I was a young parent (male) on my own for years. Could never earn ebough to get ahead. So, I would set my 2 kids up with a place of their own so they could have some security. I think that would just about spend a million, so I would hope that after that they will look after me when I get too old to work. I still don't own anything more expensive than my guitar ($3000) but I'd die content knowing my 2 beautiful kids were comfortable. If there was any left it would go to a charity like Youth off the streets.
Coll
I would pay off my house & all debt & probably go for a holiday with my daughter. It probably would change all that much, but it would certainly make our lives more comfortable !!
Anonymous
Hi
if i won a million dollars, i will pay all my famliy bills and buy a house, save some money and donate to the cancer and blind foundation,
The reason i will give money to these foundations is because i have had family who have passed away from cancer and i have close friends who are blind as well.
buy a house - so that we dont need to worry about paying the rent weekly and my kids will have somewhere stable to live.
pat
i would pay my bills and help to get the faily farm out of some debt and put a bit away to for a rainy day
potts
Pay off all my bills and donate some of it to a childrens charity. Also help my family
Anonymous
First I would make sure my mother and brothers debts were all paid out, so they could live comfortably. I would also give them a generous cash handout for always being there for me when I need them and when I don't. i would purchase myself a small beach shack in a quiet seaside place, so I could retire in my little piece of heaven. I would invest a good deal of the remainder and give at least $100k to cancer reseach.
dubbo
I wouldn't want to be a millionaire, in Rhodesia, you wouldn't have enough money, especially whilst Robert MUG- a bee runs the place - he not only mugs bees, he starves humans to death!!! his real name should be changed by deed poll to Theiving Kill A Man
Barrysgal
After recovering from the shock buy a dream home and have a holiday
hamfish
Buy a house
buy a new car
put some money aside for future
donate to charity
:)
hamfish
solid
bj
I woulg hire a cook and cleaner. Go on holiday. donate time saved from cleaning and bit cash to charity. stock pile the rest and watch the total dwindle away with bank fees.
elle
go ove****sas
elle
buy house
elle
buy a new car, coffee maker
elle
I would donate to charity, invest in high return managed funds and buy investment property.
jatz50
To build a new house for the first time and try and help the kids with some dreams.
janet
make alot of people happy
Friendlyone
Same as most people - pay off the mortgage, fix up my 30 year old pool. My partner would want a new car so that would be next but what I REALLY want above all else is great family memories with our 4 teenage kids so I would want to take them overseas. Finally you would have to be sensible so an investment property would be on the cards as well as a m***ive donation to charity. (to the really nice Asian Salvation Army man who sits at a table collecting money around the Northern Beaches of Sydney). I'd just like to put it out into the Universe (via the Law of Attraction) that I am grateful for all I have already and anytime that million wants to come to me, go right ahead!
ptrdhll
Buy heaps of shares right now while they are down to snap up prices and then when the market picks up sell and maybe then have $2 mill? Or watch it crash big time LOL... No really I would invest to live without working and spending time on my family. And also give to help others in need.
Jules1982
I would buy a few properties to rent out and ut the rest in the bank,and of course spoil myself a little bit
Snezana
The same as eveyone else - blow it on paying off the mortgage, a bit to my pet charity and continue working to safe for a healthy deposit on the dream home. PS: Put some more money aside for the children's education since they are only now in kindy and 1st.
Goulah
1. Get a personal trainer [I want my 50 something body back into shape]
2. Have a manicure [my first ever]
3. Employ a m***euse for a treatment every day [heck - I can afford it now]
4. Buy a flat or unit big enough to house all the books I want to have [no more room in my bookshelves]
5. Travel first cl*** to nowhere in particular [it looks so much better than economy]
6. Take my sister and her family to the finest restaurant in Melbourne [want to try something different]
7. Get the cracks in the drought affected walls fixed [missing plaster is not a good look]
8. Visit Disneyland [everyone else seems to have done so and said it was wonderful]
9. Employ someone to cook for me until the money runs out [so I can have a decent meal for once]
10. Do something totally frivolous for my best friends [they make me enjoy my life]
terra75
if I had a million dollars, I'd certainly be more relaxed, I wouldn't have to worry about money anymore.
I'd buy a nice house, nothing flash just a nice 3 or 4 bedroom house with a yard. I'd buy a brand new car, probably a Falcon wagon, and get rid of my old car that breaks down (and catches fire like last week).
I'd take my whole family on a Gold Coast holiday, and then I'd holiday in Las Vegas for a week with my hubby, no gambling just looking around.
ctillyer
One million? It's not enough to retire on so we'd buy a house and pay off the car loan so we were debt free. Once those important things were out of the way we'd replace a few furniture items but not all. I don't see the point in replacing things that are reasonably new that we are happy with.
Then my teenager daughters would be given a couple of thousand each to restock their cupboards with clothes. We'd definitely consider a holiday that took us to England and Ireland to visit relatives and see where my mum and dad came from. Anything that was left over would be put in a high interest savings a/c for any unexpected financial issues.
Hmmm maybe I'd get that tummy tuck and **** job. Giving birth to four kids certainly changes the position of a body's lumps and ***ps! I'd definitely fix my teeth.
Pamaverick
I would invest the lot in term deposit or similar with min of 5%. That's 50k a year for nothing. Obviously there is interest on that 50k but I'd still be happy with that.
Totoro
I would pay of my mortgage and take a 6 month leave from work and travel, aside from that 1 million these days is not enough to retire on
Jack
I can't win a million to start with, I don't do lotto, on purpose. I see wealthy people on a daily basis. I don't really like what I see.
Wealthy people are never happy with their lot in life. They always have something too high to strive for.
Be grateful for what we have is my motto.
But in fantasy I would set my kids up with a property. Go on a European Vacation
kezza052
If I won a Million Dollar's I would pay off my daughter and her husbands home for them (no more mortgage). Then I would buy myself a Hyundi Getz. Have been without a car for 9 years.
Esther
Ooo~
million dollars can't go far these days.
A house would cost half a million to start with!
All i want is to pay off my debt, buy a decent house and a car!
The rest can go to charity and a bit of shopping I suppose.. =)
Yellow-sun
If I got a million I would pay of the morgage, pay some into the super account and the set up super accounts for the kids. God knows if there will be any type of pension around when they get older.
Kirst
Do lots of things to my home, new furniture, some work in the garden, pay off the debts, help family out etc. the list goes on...
Anonymous
I would pay my loan off or buy an investment property for my children. Keep any left over and give a portion to a charity and help my parents as they get older
888shelley
to those who say "only a million" ---good grief! we live on a pension and still manage to do most things, however i would like to build my own house on my block,and i would have plenty of change to go on a prolonged holiday, give some to my kids, update my car and more. we learned to take care of our needs not our wants through hardship!!
spandrews
I am happy with life the way it is, so i would pay off the debts, get a decent car for the hubby, buy a modest house, then pay off the rest of my mum & dads and mother in laws mortgages so they dont have to stress. That is as far as the money would go but it is amazing how much money not having debt frees up. We could live like kings on a normal wage then.
Sarah
hmm if i won a million id build a new house on a block of land somewhere. maybe get a newer car, hopefully id invest a great deal so i reckon ive spent 525,000. I am going off what my brother is paying for his house too. so i dont know how much it is closer to the city i think it would be more but im not sure, i put 100,000 for the land.. lol
so according to where i live its ok on price as i said id try an invest maybe 200,000..so thats now 725,000. id only put it in the bank cos i dont know about shares! umm so with the rest id go to America and europe. and then with the rest if any id put it to my sons education! hahah if only i won a million dollars
Sarah
hmm if i won a million id build a new house on a block of land somewhere. maybe get a newer car, hopefully id invest a great deal so i reckon ive spent 525,000. I am going off what my brother is paying for his house too. so i dont know how much it is closer to the city i think it would be more but im not sure, i put 100,000 for the land.. lol
so according to where i live its ok on price as i said id try an invest maybe 200,000.. id only put it in the bank cos i dont know about shares! umm so with the rest id go to America and europe. and then with the rest if any id put it to my sons education! hahah if only i won a million dollars
jannelf
pay off and renovate my home, pay off my debts, buy a home for my adult daughter and new cars for both daughters. Some money for my mother and siblings, and take a long cruise
gtdeb
Would buy home, give some to my kids and put the rest in a high interest account
Anonymous
If I won a million dollars, I would set up funds for the kids which they would have access to when they were ready to leave home. I would update the cars and house to be more "green", go on a long overdue holiday with my husband and kids, and make investments to help make sure we can live how we want when the kids are grown up and my husband has retired. Oh and maybe have a couple of "mad" splurges to make life more comfortable now!
scrappamammy
Firstly I would tithe 10% then I'd pay off my mortgage, buy a holiday house and invest the rest (if there was any) to grow for my children.
Razybabe
I think we would all like to be a millionaire, but beware those who have too much money seem to change in attitude, honesty, love etc. I would like to have enough money so that I could support myself and my family for the rest of my life and especially to own a home that I would dearly love.
Diwalshy
Quit my job to stay home with my little girl, pay out the mortage and debts, buy a new car and go on a holiday!!!! Might happen one day!!
gsdat
I am already on Paper, I wish
Amy
Well with todays living expenses and interest rate rises, not much. But pay all my bills and renovate my home, any luck i might have some left over for some of the kids education.
tracwy
pay off the mortage, buy mum a house so she could move from NZ and whats left go to the kids education
bins3
One million dollars hey! Mmmm First and most important a house and i would invest for my kids so they dont have to struggle like i have. Then i would buy a nice car and have a well earned holiday. Anything else i would invest so i can have the occassional shopping spree with the interest.
Imogen6
Invest it and live off of the interest earned. Having been in the banking industry (was in it for around 20 years) I have seen first hand what lottery winners do with their money; family, friends and the like appear out of the woodwork. Firstly, don't tell anyone what you've won, secondly, invest wisely. Don't go rushing off to the first financial planner that happens to list in the yellow pages. Do your homework and ask around. Remember, lottery winnings don't come every day, or very often; what you win today will have to last you past next week or next year. Plan ahead
justjocky
I would probably pay off all our debts and our children's too, then go on that holiday I have always dreamed of. Then I would give some help to family and friends and also to charities. But 1 million is not really enough ha!ha!ha! Cheers
Hummers
If I won a million Dollars I would get myself out of Debt, Put money in my childrens account and Donate money to King Edward and Princess Maraget Hospitals
Anonymous
Ok you guys "only a million"! Admittedly it wouldn't go as far as you might like in this day and age but it's better than a slap in the face with a wet fish, right?! Personally, a million would pay off the mortgage, ensure my two tots an education and make our retirement look a little more comfortable when we hit 65! What more do you want or need for that matter..... oh yeah, good health. (Some how I don't think the mill' would stretch to a personal trainer and chef so I think I'll keep buying my lotto tickets! :)
Anonymous
One of my kuzzin's won a million dollars some years ago and all she has to show for it is a car well more like a soprts van...lol...but yeah she is now living in her mum and dads home helping 2pay off a morortgage for the place shes in and for a 2ed home.
So no I wouldnt want to win a million dollars but i would like 2live a well off life, sumfing dat i have worked for n knowing that i worked for it will make me enjoy it all even more............
spaniel
buy some more property because as i was once told god is not making any more land. so investing in land and house packages is what i would do.
jeffreyobrien
If I won a million dollars I would give at least $100,000.00 to St Vincents De Paul. Rest I would give to my family for my children mother until she passes then if any left go on an extended holiday for rest of my life.
khamie
A million is a lot to me.That means I can do and buy everything I want but first I have to think where the money is going,take a quarter or half of it,spent it wisely and share some of it and the rest let the money grows,multiply the money,invest the money and you'll have heaps of money in the future.
ash
Im a bit of an organised dork. I would split it into about 20 different bank accounts so I could use each for a different thing.
I like to go on a holiday
get a car
a house
give to cancer research
pay bills
buy presents
buy shares
buy clothes
kiksta
If I won a million dollars I would give at least $100k to charity and then pay off my mortgage, personal loan, car loan and buy a block to build our dream home on. Whatever wass left would be put away for the kids
Sometimes I wish it could happen to us all, there are just moments when it would really help
Anonymous
Buy the townhouse from my parents, where i currently live, pay for my uni degree outright, buy a new car, and invest atleast 200,000 to help live off. Maybe a few holidays but i would be tight with it - no big spender
gedem
I would pay off mine and my family's debts, buy a new car and go on an overseas holiday!
rosiec
If I won a million dollars, I would buy me and my girls a house, send my mum on a holiday overseas and then I would put some money away for the girls education. But in this day and age...there probably won't be enough for all this.
bj
With some of the $ I would take a holiday far away form reality. Donate a little, save a little, give a little. Question should be upgraded to a billion, then I would be in panic zone, dodging media, fleeing[no holiday].. I just keep dreaming
Boofuls
I'm with Navygirl - only 1 million? It certainly wouldn't go far! I would pay off the mortgage and other loans, which would porbably leave just enough to get my husband the boat that I keep getting my ear bent about! With those things paid off I would use our income to invest in more real estate, have another baby and go on many holidays!
Now if it was more than 1 million, I would help out family members by paying off any mortgages or substantial loans if they no longer have a mortgage!
Anonymous
I would put osme into some shares.....pay off bills. Set up some shares and accounts for our children. Then splurge and go on a gorgeous family holiday
green
if i won a million dollars i would first pay off my home loan, as i am a single parent then i would travel the world with my daughter
mancole6
I would buy a comfortable house for my family, update the car, spoil the kids rotten for a while and help out the people who are most important in my life.
angelskies
own half of a house in sydney? doesn't sound so impressive now hey *laughs* actually would probably enroll my son in a private special school which in primary on average are 24k to 42k a year, so wouldn't leave me much small change after paying for his education.
roy79
Pay off all my loans, start a trust fund for my kids, buy a new car, and maybe a new house or renovate and put some in a term deposit.
I have a friend who just won $2mil on lotto, you just can't imagine how much it would change your life. She still works and still will. Now she just doesn't have to worry about all the bills like we do!
navygirl
Only a million? with todays real estate prices It will pay my mortgage off and hopefully get me an investment property. I'd love to go and see my family (in Melbourne) and pay for some repairs around home and to the car. If there is anything left after helping my Mum and brother and sisters, I'd really like some to go to the Sir David Martin streetkids charity or the charity that ensures that young handicapped people don't have to live in old peoples homes. Sadly, with todays prices I don't think I could do all of that with only a million.
Housemaid
Make some structural changes to my home. Buy a new car, put somemoney aside and then see what I could do for my sisters and brother to make life easier for them.
soss
soss says, If I won a Million Dollars I would buy a House Nothing too flash, because it would cost a Million, Just your ordinary 3 bedroom house but it would have to have a swimming pool & ducted aircon, I would also buy a new car, Help my Kid's out, & if anything is left I would invest it & also give a fair bit to a charity, Probably kid's with cancer.
elle
donate to charity,as there some people who needs it more then me, and go on holiday.