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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?

#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

RE: What would you do with a million dollars?

#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.

RE: What would you do with a million dollars?

#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?

#574
I would most likely buy something then invest the rest of the money.

RE: What would you do with a million dollars?

#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?

#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?

#577
Put a down payment on a house and invest like a boring adult

RE: What would you do with a million dollars?

#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

RE: What would you do with a million dollars?

#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.

RE: What would you do with a million dollars?

#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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