QOTD: What would you do if you had a million dollars?
Jstas
Posts: 13,905
Simple question. If you had a cool million bucks, what would you do with it?
Me?
I walk by these homeless people every day on my way home from work. They just showed up in the past 6 months. They don't look like the typical homeless person you see in Philly with some kind of drug/alcohol problem or mental illness. They look like "a regular joe down on his luck".
Well yesterday there was an old couple out there. Well, not really old, probably in their mid to late 50's. There were two women and a man talking to them and giving them food. I overheard them say they lost their house because he lost his job and they aren't old enough for social security benefits yet or something.
It made me think. If I had a million bucks, I'd buy a chunk of land, maybe 10-15 acres. Then I'd buy trailers and park them on that land and set them up with sewer, water and power. Then I would start rounding up some of these folks who got the short end of the stick and put them up in my trailers until they could get back out on their own again. Or, once they got back on their feet, charge them rent to stay. I mean, it's not much but I could stretch a million bucks a long way doing something like that. Once it was established and people were getting helped out, additional funding through grants and charitable contributions would be fairly easy to come by.
Maybe that's me "looking for attention" again, :rolleyes: I dunno. But if I had a million bucks, I'd probably do that. I have all the stuff I need so I wouldn't really need the money. I mean a Ferrari would be spectacular but I think helpin' some of those people out would be better.
Me?
I walk by these homeless people every day on my way home from work. They just showed up in the past 6 months. They don't look like the typical homeless person you see in Philly with some kind of drug/alcohol problem or mental illness. They look like "a regular joe down on his luck".
Well yesterday there was an old couple out there. Well, not really old, probably in their mid to late 50's. There were two women and a man talking to them and giving them food. I overheard them say they lost their house because he lost his job and they aren't old enough for social security benefits yet or something.
It made me think. If I had a million bucks, I'd buy a chunk of land, maybe 10-15 acres. Then I'd buy trailers and park them on that land and set them up with sewer, water and power. Then I would start rounding up some of these folks who got the short end of the stick and put them up in my trailers until they could get back out on their own again. Or, once they got back on their feet, charge them rent to stay. I mean, it's not much but I could stretch a million bucks a long way doing something like that. Once it was established and people were getting helped out, additional funding through grants and charitable contributions would be fairly easy to come by.
Maybe that's me "looking for attention" again, :rolleyes: I dunno. But if I had a million bucks, I'd probably do that. I have all the stuff I need so I wouldn't really need the money. I mean a Ferrari would be spectacular but I think helpin' some of those people out would be better.
You're just jealous 'cause the voices don't talk to you!
Post edited by Jstas on
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Me, I'd be a little more selfish. Buy myself a reasonable house, help my family pay off any debts, put away a good chunk for my niece and nephew for college.
But seriously? I'd probably finish my Celica. Finish my MX6. Buy another beater. Hit as many car shows, competitions, and meets as i could across North America. Ship the Celica over to Germany, run the Ring.
Maybe buy an amp, and a new CDP.
Keep the rest to live off of just like i do now for the rest of my life.
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Pauly
Oh, I'd say we'd take an around the world vacation...basically spend 200K on trips/toys/house....put the rest up.
BDT
Ron dislikes a film = go out and buy it.
Ron loves a film = don't even rent.
A nice Reliant automobile?
But I want a green dress!
But not a real green dress, that's cruel!
Well, thanks for the vote of confidence.
I'm probably underestimating the costs but I know I would at least buy a large parcel of land and a few trailers to start the idea out and see how it goes. It might work, it might fail miserably. At least in the end I have a gigantic pile of land either way.
So if the trailer thing doesn't work out, pave a racetrack and go nuts with that Ferrari I mentioned.
I would also pay him to do my cross-overs too.:D
Then I would continue to look for work in my field, because I love what I do. And When you are at "0" on the debt-o-meter, you're about $25,000 better off than the average college grad and $150,000+ better off than the average home owner.
That freedom is real wealth.
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I'd try to make that one!:D
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Seriously...I'd probably bank it in a way that I could try to live off interest. Although I couldn't stop working I don't think because a million bucks isn't what it once was and interest rates suck these days.
I wouldn't go on a spending spree, though. I'd get all bases covered and live comfortably.
Amen to this brother!
They want to open up a seafood restaurant and "employ the unemployable" Mmmmmm... I want to eat there. Now that the cat is out out of the bag, it turns out these folks ran homeless shelters into the ground and owe Suffolk County roughly 800K. At this point, they have no intention of paying that debt. I hope they leave the neighborhood. It will be good for them, and good for everyone else to have the "Klopek" house renovated.
If it were a million dollars after taxes I think that would set you free, so to speak.
Myself
I'd finally buy a nice pair of monitor speakers.
I"d rent a place & buy the best band I could get & throw the biggest free party for all my friends........ hmmmm no wonder i'm in debt DOH
The biggest mistake people who win millions of dollars in the lottery make is pissing away the money thinking they'll never run out. They don't realize that they need to pay taxes on all of that money.
The best thing to do is try to live off the interest and not give beggars your money. If you want to be charitable, and I think you should be, do so anonymously. Heck I'm like that now and I'm not a millionaire.
As for my cool mil... hookers and blow. Maybe set up a monkey jousting tournament.
Not in Canada:D
I'd pay off all our debts. Buy a new house and let my bro or sis move in to our current home. (I'd charge them a little rent say 500 mth to teach them/ maintain responsibility)(they are both younger than I)it would also cover property taxes and such. We'd buy a new house and 2 vehicles. Pay off my moms mortgage and buy my mother in law a condo. We'd travel and invest about 250-500K. I'd still work
Pretty sure you guys still pay taxes up there, no?
Fixed!
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[edit] Income not taxed
The following types of income are not taxed in Canada (this list is not exhaustive):
gifts and inheritances;
lottery winnings;
winnings from betting or gambling for simple recreation or enjoyment;
strike pay;
compensation paid by a province or territory to a victim of a criminal act or a motor vehicle accident*;
certain civil and military service pensions;
income from certain international organizations of which Canada is a member, such as the United Nations and its agencies;
war disability pensions;
RCMP pensions or compensation paid in respect of injury, disability, or death*;
income of First Nations, if situated on a reserve;
capital gain on the sale of a taxpayers principal residence;
provincial child tax credits or benefits and Québec family allowances;
Working income tax benefit;
the Goods and Services Tax or Harmonized Sales Tax credit (GST/HST credit) or Quebec Sales Tax credit; and
the Canada Child Tax Benefit.
That would no doubt be an impressive sight! I would very much like to attend such an event!
But I have to wonder. How will the monkeys be incorporated? Will they be the actual jousters? Will the jousters be riding monkeys? Will jousters be monkeys riding monkeys? Will the jousting weapons be monkeys? Will the jousters be monkeys, riding monkeys and using monkeys as weapons? How are we going to get them to use toothbrushes?
Agreed. What they intend to spend their fortune on is setting them on track to fall into the "Worse off in 5 years" lottery statistic. For them, the 66Mil is after taxes since they won over 160 million and took the lump sum payout.
I hope they are charitable, pay the county back the 800k they owe and are smart enough to keep something for themselves and their children. Oh yeah, I hope the buy a house and move away. They should move to the Hamptons... Now that would be very funny. Hollywood, CEO's... meet the 'Klopeks'.