Hypothetical Lottery Winner ($1,000,000)

[Sweet'n Low 10+ year member]

If you won one million greenbacks, what would you consider to be the "smartest" way to spend it? Stocks investment? Start a business? What would you do to make sure you not only keep that 1mil, but you gain from it? Just something I ponder every now in then. Any thoughts?

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[tappin_azz 10+ year member]

hookers and blow.

 

[denim 5,000+ posts]

Conservative investments, let it grow safe and slowly.

 

[05fronty 5,000+ posts]

i thought of this before. i would build a bunch of those storage facility's. make money every month of them

 

[jco1385 5,000+ posts]

i'd wish i won more than $1mil. so i'd loose it gambling fo mo

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[carlosg_313 10+ year member]

hookers and blow.

this. pimping hoes and deal coke. more $$$ from both

 

[dragnix 5,000+ posts]

Conservative investments, let it grow safe and slowly.

pretty much the smart thing to do.

 

[Louisiana_CRX 5,000+ posts]

Id send it to Japan to help the homeless tsunami victims....

 

[rumdada 10+ year member]

Id send it to Japan to help the homeless tsunami victims....

I was born in Oakinawa Japan I woul'd deff donate some money maybe half of it then try and start a small comptuer business and buy a charager & help out everyone in the fam then bankthe rest

 

[MikeofTulsa Moderator]

1. Put half into a diversified Roth IRA and 401k account.

2. Pay off all debts

3. Buy 2 Cars and 1 truck and Used Bass Boat

4. Buy 4 bedroom house

5. Go fishing every day.

 

[Louisiana_CRX 5,000+ posts]

1. Put half into a diversified Roth IRA and 401k account.2. Pay off all debts

3. Buy 2 Cars and 1 truck and Used Bass Boat

4. Buy 4 bedroom house

5. Go fishing every day.

 

[MikeofTulsa Moderator]

Spot on. I forgot to mention i'd have to use my discount at Lowrance to deck out my boat.

 

[95BlackGA 5,000+ posts]

Buy land, and then spend the rest on silver and gold.

 

[Wingman0121 10+ year member]

Put it in the bank, still live how I am and earn interest, then invest on some rental properties around college campuses.

 

[MikeofTulsa Moderator]

Put it in the bank, still live how I am and earn interest, then invest on some rental properties around college campuses.

Why a bank? Its only insured for up to 100k and you get a crapy return.