Lottery$$$$$$$$

[juju]

Originally posted by Undertoad
The thing is, a million dollars isn't enough to live on, so I would use it to create some interesting, income-generating, productive, fulfilling business, and then live on the income from that instead.

It is enough to live on, if you invest it. At 5% interest, that's $50,000 a year. Stick that money in the bank, and never work another day in your life!

Just remember to never, ever touch that million dollars. It is your revenue generating engine, and without it, you won't receive the $50,000 a year, which you will live on from now on.

[plthijinx]

Originally posted by Nothing But Net
If I won a million bucks the first thing I would do is buy your house. You're wrecking the property values around here.

hey now! just remember who mows your lawn when i feel like it

[kerosene]

-future fund for my son
-finish college for perth
-pay off house
-nice car
-new computer
-sock the rest away

[staceyv]

that's easy. first, i would use $15,000 to pay off all of our credit card debts, then like $2,000 for the rest of the car, $800 so my husband can do his paperwork and become a citizen, then we would go to the virgin islands for the honeymoon we never had and i would give my husband $7,000 and tell him to go pick out a nice diamond for me to wear with my wedding ring. i would want to spend the rest very wisely. i would contact a financial advisor as well as do personal research to see how we could invest the money and use the interest. or maybe we could move and put a nice down payment on a house...

[Undertoad]

juju, the problem is inflation. In 20 years that $50,000 will still be $50,000 but inflation will make it worth $25,000. You could try putting it into stocks to fight that inflation, but if you're risking it anyway you might as well risk it in something productive. IMO

[lumberjim]

since jinx and i both get a million, i think i'd build a barn with a woodshop even nicer than BrianR's on her alpaca farm, and manufacture hand made furniture and sell it to the locals. (i'm thinking somewhere in Colorado) Definitely would do the RV thing too, bri. we did that a little bit in a vw microbus when i was 21, but i'd love to do it in style. And I'd have big dirt bikes instead of horses. 2 mill should be enough to change our life.

but why think small?...



If anyone else wanted to pool thier million, i think we might do a millionaire's commune. instead of eating beans and rice, though we'd be having steak and sushi. and instead of singing around the campfire, we'd just invite dave matthews over to hang around.

let's start with a 100 acre ranch in the foothills of the rockies. we'll build a great hall to gather in and several smaller log cabins for individual families to retreat to. One big barn for the livestock, and one for the workshops. we would need teachers and a healer......security people, maintenance, administrator, accountant, entertainers, and a council.

anyone interested? more ideas?

.......bruce, where do we get our million?

[FileNotFound]

I'd invest it into the Vanguard Medical Fund, yes the one that does ~20% every single year.

Yes. Thats right. Thats ALL I would do.

[BrianR]

Okay Lumberjim...but I want an airstrip. I miss flying.

And Dag and I are STILL doing the RV thing.

Brian

[lumberjim]

airstrip? no problem.....should have plenty of room for that....

i assume that you'll fly people to important meetings, etc? it'd be good to have a pilot. and we could get a greyhound bus type RV and take turns going wandering......i'm liking this....now all we need is the money!

[vsp]

First action: half goes into a low-yield, low-risk account to churn out rainy-day interest for future use.

Second action: Large down payment on a decent house with a big kitchen, a finished basement that'll become a gameroom, and DSL capabilities (the latter of which will disqualify much of suburban Philly, sadly).

Third action: spoiling my close family with some gifts. (Savings accounts towards my nieces' college funds, helping out with whatever may be needed among older relatives.)

Fourth action: MAME cabinet with a control panel from hell, and a couple of pinball machines.

Fifth action: A couple of grand to the EFF, just because.

[FileNotFound]

VSP,

Philly suburbia is VERY DSL happy. I've had 1.5/768 DSL for almost 3 years now in Springfield. My friend has 3.0/768 in Wayne.
I have NOT heard of anyone having trouble getting DSL in the Philly suburbia.

Oh and... Health Care is about as low risk as you can get.

Seriously. Everybody always needs health care..

http://flagship3.vanguard.com/VGApp/...undIntExt=INT&

Look at the performance of this fund. Yes it did drop in 2001 and 2002...but what didn't? It already made the money back...

I really want that fund..I can't wait to move my IRA to it, but I don't have enough $$ to enter it. Need $25k minimum...

Oh and I did give money to EFF...I got the cool EFF hat to prove it...and NMA (www.motorists.org)

[hot_pastrami]

You mean besides doing two chicks at the same time?

I'd pay off my debts, spend around $50,000 on getting my own business off the ground, then put the rest in the bank and use the interest as part of my income. If my business were successful enough, I should make enough to live comfortably, while slowly adding to the savings account.

Being my own boss is my dream... I waste too much of my life working for the financial gain of others. An injection of money like that would be exactly what I'd need to take the risk out of starting my own business in earnest.

Once the business grew to where I didn't need to spend all my time running it, I'd spend my time wringing all of the writing and artwork ideas out of my head. Bliss.

[vsp]

I live just east of West Chester Borough. The only reason I have DSL access _at all_ is because my apartment complex is wired for it, and even then I can't get a 1.5 line -- I've tried, but they've said I live too far away from the substation to get more than 768/128. My dad lives about a mile away from me and has never been able to get DSL, and this is someone who worked for Verizon for 30 years (if anyone could pull strings to get a service, it'd be him.)

My closest friend lives just south of Exton, in what is still considered to be West Chester as far as the post office is concerned. He can't get it either.

Much of the rest of my family lives in Newtown Square. THEY can't get it either.

[FileNotFound]

I was SURE that Newtown Sq can get DSL. I moved to Springfield 3 years ago and we did look at some houses in the Newtown area. I am fairly sure that they were within range.

Also, I think West Chester is finally getting some DSL connections. I know they were not able to till maybe March of this year IIRC.

How 'far' away are you from the CO?

[plthijinx]

i'd pay my debts, set up a college fund for my son then finish up all of the flight ratings that i was working on before my divorce and eventually join the airlines. man that would be sweet!