OMG UPDATE: Question? Answer.

Updated on Friday, December 6

#5521

QUESTION: If you had $1M, what would you do with it?

24 comments

  1. IF I HAD A MILLION DOLLARS, IF I HAD A MILLION DOLLARS, IF I HAD A MILLION DOLLARS, ID BUY YOUR LOVVEEEEEEEEEE

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  2. Toss the majority of it into some safe investments, blow a little in the meantime, spend the interest as some kind of salary?

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  3. Pay of my debt, my parents debt, get rid of their mortgage. Give them a large portion of the money, and invest it in an high interest security.

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  4. Pay off parents' mortgage and my student loans, buy my family, bf, and bffs nice presents then go on a shopping spree myself... I wouldn't invest.. YOLO (except the house technically)

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    Replies
    1. You only live once... but you still live at least fifty years longer than it takes to blow all that cash. Lol.

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    2. I can work and make money like everyone else, save up, and stress about bills, it's all part of life but I can only blow off that kind of money once (if this was ever true) and it's an experience on its own ... honestly, $1M will not last thaaat long, I want to do things that would make my parents happier and at ease (hence the mortgage and probably buy my dad his dream car which will be a huuuge chunk) ... the rest: still on YOLO :p

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  5. I would set up an account to pay for all of my and my siblings' university. Then, I'd take my family on a big trip, and give a hefty donation to my favourite charity. The rest would go into savings.

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  6. Pay off my student loans, my boyfriend's student loans, a savings account for my sister's schooling, and put all else into savings (probably to be donated at a later date).

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  7. Pay off anything that is currently costing me or my family interest. Invest the rest.

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  8. Leave university, buy dog + rifle + cabin + heating oil and an axe, bring my small library with me to said cabin, wait for the world to end around me.

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    Replies
    1. Probably near the French River or somewhere similarly Northern and isolated.

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    2. French river isn't that isolated, but that being said it is a beautiful place. If you had a million dollars I'd check out Quetico Provincial park. Its the Algonquin of Northern Ontario

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    3. shotgun for survival, not rifle - if you could only have one that is.

      Also it's kinda hard to buy land in a provincial park - would recommend finding some crown land for sale instead.

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    4. Well yeah, a shotgun would be the best survival tool. But there's something romantic about a rifle. An old lever-action winchester would suit me just fine. I would need to be within a few days journey to someplace that had necessities; I am not so foolish as to think I have the skills to live entirely on my own resources.

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  9. By a house close to UW and Laurier to live in for the rest of my education, then rent it to other students when I was done. Also buy a respectable car, maybe an M3, and put the rest into savings bonds or something that has a guaranteed interest rate, even if it is low.

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  10. I'm surprised by the number of people here with personal and family debt, not that it's a bad thing.

    I honestly wouldn't change anything with a million dollars. It would go into a savings account until I was ready to settle down and buy a house. I have everything I need right now with no debts etc. I wouldn't even want a car at my house here in Waterloo

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  11. Pay off my loan, my parent's mortgage and all the loans on my family. Invest the rest. Then go back to my 11 am - 11 pm job. I am a workaholic and get annoyed if I am too much free time.

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  12. Pay off the debt, invest most of it, and then travelling!!!

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  13. Buy an island. I've always wanted an island.

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  14. Pay off all debt, buy a decent vehicle but nothing super luxury but something I would like and then buy a house as it would also be an investment, a trip or two and then bank the rest as a million isn't all that much these days so it must be dealt with wisely.

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  15. Most lottery winners become broke within 5 years of winning the lottery because once they pay off everyone's debts, buy their friends presents, go travelling, invest in bad places, and buy 10 homes, there is nothing left.

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