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What would you do with a million dollars?

Submitted by BiggL, , Thread ID: 152820

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RE: What would you do with a million dollars?

TheAtomicSS
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21-08-2020, 04:56 PM
#571
with that money i would definitely invest into property; I would buy houses, fix them up into really good condition and then rent them out. this becomes passive income.
Et mortem superavit

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palegod
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23-08-2020, 01:22 AM
#572
I would soft-retire. Basically just build anything I want for the rest of my life. I wouldn't quit working, but I'd quit working for other people.

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tvhackerzteam
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23-08-2020, 05:03 AM
#573
invest invest and invest. i would def take some trips thou. my family needs it for sure

RE: What would you do with a million dollars?

Rice Cooker
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23-08-2020, 08:56 AM
#574
I would most likely buy something then invest the rest of the money.

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Tomemote
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24-08-2020, 05:03 AM
#575
Savings or other low-risk portfolios. My current savings account has a 1% interest rate, so a million at 1% is about $10,000 a year. Most standard EFT funds run at like 5%-7% so even better. Make enough money to the point that you can just live off the interest of your money.

RE: What would you do with a million dollars?

24-08-2020, 07:45 AM
#576
Buy a house. Save whatever is left over. Keep working and use it to either pay for future kids college or retirement.

RE: What would you do with a million dollars?

ci3113
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24-08-2020, 08:44 AM
#577
Put a down payment on a house and invest like a boring adult

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Cubeyy
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24-08-2020, 09:23 AM
#578
If I had invested it the way I just invested $10k, I would have turned $1m into $1.1m in 2 months on the ASX

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Atward
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24-08-2020, 09:50 AM
#579
Investing makes the world go round - I'd probably buy my parents a house (so I can use it and they can properly retire) and also get myself a flat of some sort, so I could rent the house out until they eventually want to sell it. It covers the basic costs and I'd be able to fully focus on my next job steps.

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Annimolie
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24-08-2020, 10:27 AM
#580
I'd buy a new house for me and my family. We live in a relatively cheap neighborhood, so at the very most we'd only spent half of that. I'd probably put the rest into a saving account and maybe invest a small portion, maybe allowing myself to spend 1000 a month for something fancy.

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