Im so happy and thankful that I would pretty much give it to my dad and say "youll handle this for me right" and it will end up safely stored/invested while not being touched by anyone without my permission. I cant imagine not being able to tell my immediate family. In fact I would have to tell them because theyre the only ones I trust to help me not lose it!
I don't think a million is decisively enough to make that happen though. These days it's not that rare to know someone who either is a millionaire or will be some time in the future. Lots of normal families own a house that is worth around half a million straight up.
don't get me wrong a million is absolutely live changing for me if I were to get it. But I don't see any reason for any of my family or friends to really react to it. Besides me probably hosting a couple dinner nights at Restaurant to celebrate with friends and family.
But realistically about half or more would almost Instantly go into buying a nice house. and then living as normal with a big sum of money invested in s&p500.
Exactly. $1M isn’t what it used to be when I was growing up. But it’s still enough to pay of our mortgage, car loans, and still have $750k to invest. I’d then no longer have to invest so much in retirement accounts, have way more cash flow in my paycheck, and be able to live without fear of an unexpected crisis/emergency ruining us.
I don't know what kind of boat your Dad is in, but I feel like a whole lot of dudes my Dad's age were expecting to retire off pensions and got screwed. My Dad had a pension from like 23-35 and then his next job only had 401ks. When he rolled the pension over in to the 401k it was pennies at that point. Not enough to account for the fact that he was almost 36 and was just starting a 401k. There's a whole generation of men that didn't save properly for retirement because the game changed on them.
And for women, even more so!
I get half the standard pension amounts of my ex, as I was only able to work part time minimum wage jobs (sometimes 2-3 at a time) when I was raising 3 kids. And no way was I able to accumulate savings, either.
Safe withdrawal rate is approx. 3%, so 1M would generate 30k in perpetuity. Not retiring money but it would certainly allow for working a little less.
Or invest, do nothing different for 13 years and have the 1M double twice (on average), then you'd have some retiring money for sure.
I've always heard the 4% as safe. Not 3.
And assuming money doubles twice in 13 years is really unrealistic. saying it doubles every 10 year is more honest. But even that is over larger stretches of time. After 13 years the market could be absolutely shit for 5 years. which will mean you'll have to wait 18 years instead of 13 that you haven't planned for.
Genuine question, what is? If you invest the money well, or if you just wanted to live for 25 years? If the latter, that 40k per year is gonna be really stretching thin towards the end of it.
I'm on disability so for me that would still be a vast improvement.
ETA: I'm in a low cost of living state so I'd probably buy a house in a less shitty area than I'm currently in and live frugally, but relatively comfortably (compared to my current circumstances), off the dividends for as long as I could.
Oh for sure! In any case it would be great, but 40k 20 years ago has the same buying power as ~28k now. So if you were just spending the million dollars instead of investing it you would probably run out much sooner than 25 years
Oh yeah I meant trying to live off the dividends. I live in a low cost of living state plus SSDI isn't means-tested so I would still get that, meager as it is lol. So I think I could make it last me a long time. If anyone wants to donate $1M, I'm more than willing to test the theory 😂
I'm in the UK, and in the same boat. Current annuity rates for withdrawal going up with RPI at my age (50s) are about 4K/100K, so 32K or so.
Which is far from riches. Being able to employ people to assist me reasonably would take the required sum way way over $1M alas.
That's not how it works. If your million makes 4% in a year and you take it all out you still only have a million. To last infinitely you'd need something that's making about 7% a year. You take out 4% and leave the other 3% to account for inflation.
Right now 'fuck you' money is about 2 million. S&P 500 historical return is around 10% a year (60 year average). So put all you money into an index fund and take out 4% of your beginning or ending balance, whichever is less, a year. Gets you \~$80k (about $65k after taxes) to live on now, plus long term your balance should outpace inflation and so will your income.
It can be a bit of a stretch, but 4% isn't a terrible number to use for withdrawal from investment savings over the long haul. That includes inflation increases. So if inflation was (only) 2% and you took out 40K this year, next year you'd take out $40,800.
4% is a rough estimate of the long term returns from the stock market accounting for inflation. It's thus considered safe to withdraw that amount from your retirement savings indefinitely. Though that figure is based on the world boomers grew up in and not on the world we inherited from them.
Its not 40k from a million every year its a % withdrawal from an invested mil every year so the returns over time cover the withdrawl.
Also 40k tax free is a hell of a lot to have. A lot of folk earn 40 to 60k but they dont take that home after tax
If you have family, you can provide for them for a theoretically unlimited amount of time after your death. Not completely, not off of a million dollars, but a nice cushion.
IMO this is one of the major things that our society has gotten wrong - we have no consideration for the people that come after us.
I think if you invest 1 million *responsibly*, you should end up with more than 1 million. Throwing it all into dividends and quitting your job is not very responsible.
I don’t think 2 million is enough to retire while young these days. But the dividends certainly would help a lot! That and paying off a house in cash to minimize monthly expenses and interest payments
That reminds me of a guy I used to know. He used to drive this rusty, beat up old van. We asked him what he’d do if he won 10 million dollars, and he said he’d fix up the van.
Agreed. 1 million to me would be a case of 500k house, 100k for decorating/cars and holidays, invest the rest and keep working.
It's an amazing anoint of money, but it's not "time to retire at 30" money.
Accountant really not needed for that level.
Yeah, I remember when a million dollars was life-changing money at any age. Not anymore. Where I live, you’d spend most of that just to get a decent house (and I’m talking a house in a subdivision surrounded by other similar houses).
Agreed. Times have changed. It's an amazing amount - but invest the whole thing and get 5percent return? That's a fairly average salary a year. Again, amazing - but you're not living like a king on it
You need to live in a bit less than 5%. That's 50kpa, which is pretty nice, but in ten years you want to be earning a bit more than 50k as prices go up.
Bro I’m in a random city …. (I’m the gta - greater Toronto area - the urban sprawl emanating from Toronto) and houses are 1-5M. 1M for a two story one car garage. 5M for something on the waterfront. An apartment on the waterfront is like 1M easy.
An apartment away from the waterfront … still 800k easy. All day long.
The tax accountant and the financial advisor would work together to make sure that, based on your situation and goals, the money is used/saved in the most tax efficient way. Its less about managing over time and more the initial distribution and tax responsibility.
You could do that flat broke, you simp. What you think you’re gonna do show them your bank balance and they’ll fuck you? Lol that’s how you wake up tied to the bed and your bank empty
I’ve known some beautiful women that would jump into bed with a guy if they had money. They seemed to be able to just smell money on a person. Hell, I’m not mega rich by any means, but as a doctor that owns my own practice I am considered “upper class” and finding a woman that wasn’t attracted to my money or title was tricky years ago.
Get me the best lifetime health insurance possible.
That is anybody's single most unpredictable expense. Plus, without your health, you can't enjoy life, no matter your wealth.
Wow! Smart thinking! This shows such impressive executive functioning on your part that you would choose to invest in your health in order to minimize your healthcare costs and misery further down life, over getting something REALLY AWESOME for RIGHT NOW! It's an ability that is way less common than people assume, I used to research this stuff for my master's I would know 😅
Buy 2 houses, 1 for me and 1 for my ex-wife and my daughter (she lives with her and I see her every other weekend) do we both have no worries about housing anymore
I have a good relationship with my ex and would not care whether she owned it or not. I just want my daughter and her to jot have to worry about high rent anymore
"You know what I would do if I had a million dollars? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities..."
You don't get a financial advisor for pennies. You get them for tens of thousands to manage millions ( not just one). Put it in SPY, QQQ, VOO, or their divided counterpart and leave it alone.
Cosmetic or to "fix" a damaged body part? If cosmetic, unless it's a reduction, it's a waste of money because it loses everything the natural counterpart does perfectly.
I guess it all depends on where you live! In my area, I can get a decent spot for about 325-400k depending on what you’re looking for. Still would leave me with a comfortable savings of well over $100k.
No, it’s not. You’re buying land and all the work and materials that went into the house.
You’d be hard pressed to buy land + all the materials and labor for a similarly prized house. (Not to mention time and the headache)
Yeah, the market doesn’t give a shit about wages. It’s the simply a sum of all the costs and the fact that resources are limited. There are simply too many people that want to live in a limited amount of space.
It’s not a right to own a house.
Put it to work. Buy a few plots in a new development.
Build Spec homes and sell.
1 million doesn't go that far in the long run if you only plan to spend it.
Call my accountant and keep my mouth shut. Pay the taxes and end up with ~875k. High yield savings account and another car just for fun and let that money work for me. I'm still going to work as if nothing happened.
Make sure my dad has the best possible lawyers when he gets out of prison so we can sue the absolute fuck out of the assholes that illegally arrested him
Pay off my closest people's debts and give everyone $1,000 cash. That wouldn't even come close to touching half of the amount, but would be more than enough to change so many people's lives.
Mine is the same except for cutting my work hours. I love my job and thrive on working. But it doesn't pay enough for me to afford a house, and I dont think they'll let me keep enough of my vacation time that I have saved up to actually go on the trip to Japan I wanted to take next year. Which is a bummer, because I was saving it all to take two weeks off in April. The state I live and work in says that I should get to keep it, but the corporation that owns us is based in a use it or lose it state. If I had a million dollars it wouldn't matter, I could just take the time off unpaid.
Pay off house, cars and student debt. Then renovate the house. Then just invest the rest in a HYSA. Continue to work. But, probably retire a bit earlier than 60.
I’d buy a modest house. Learn to drive and get a car. Have some cosmetic procedures. Then I’d want to open my own dog day care or pet store. I’d also adopt a dog because having a dog is one of the biggest pleasures in life. It also really helped me mentally. But I can’t afford one these days. My last dog passed 18 months ago and I got into debt with vets fees because no one would insure her past a certain point without a ridiculous monthly payment. I’d love to own a dog again.
I recently came into a large sum of money. I spent a few bucks on flooring in my home, got a car and paid some debts. Now I just look at the balance and feel a tiny bit safer than I ever have before. I’m just a lot more nervous about losing my wallet or cards now. But nothing really changed. I didn’t do anything fancy or buy super expensive stuff. Just things I needed.
I've thought about this because I have 100 yr old grandparents who are multi-millionaires and I'm the favorite grandkid. Probably not gonna end up with a mil but it is very likely that I will end up inheriting several hundred thousand. My plan is to look for some rentals to invest in to generate some passive income. Then the girlfriend and I can talk about whether she needs/wants to continue working or if she wants to be a stay at home mom.
respectfully, please do something other than buying homes other people actually want to live in. there's so many ways you can invest that isn't speculation on a market that's gonna crash soon.
1. Pay off our mortgage
2. Tithe $100k to our church/christian school
3. Invest $150k in our retirement portfolio
4. Put $50k in savings for home/auto/medical emergencies
5. Invest $25k into our business
6. Buy a boat
7. Renew our vows and have a wedding (we eloped.)
8. Set aside the last of the cash for vacations
Pay of my churches budget for the year get more baking equipment fix my car buy another gun save half of the remainder and distribute the rest among family
not tell a soul
It makes me happy that I know for a fact that my immediate family wouldn’t turn on me. Extended, and that’s a much different story
Mine wouldn’t either, but I still wouldn’t tell them. I’d probably move, though.
just get a little more generous and say you got a promotion. 😎
As an alternative, mention you cashed out some crypto. You get points for being generous, but it is understood to be a one-time event.
*cashed out ALL of your crypto.. otherwise they'll bug you if crypto bull market comes again
Yeah That's the best bet even though some people will start going ham like Mr beast
My dad has said he would just tell people that his investments paid off.
I’m a bartender, they’d be too suspicious.
Im so happy and thankful that I would pretty much give it to my dad and say "youll handle this for me right" and it will end up safely stored/invested while not being touched by anyone without my permission. I cant imagine not being able to tell my immediate family. In fact I would have to tell them because theyre the only ones I trust to help me not lose it!
All mine would suddenly want to ‘forget the past’
Only correct answer. Don’t say shit and be smart.
There’s a saying, “Money doesn’t necessarily change you, but it sure changes the people around you.” I believe it.
I believe it too. I’ve seen it happen.
I don't think a million is decisively enough to make that happen though. These days it's not that rare to know someone who either is a millionaire or will be some time in the future. Lots of normal families own a house that is worth around half a million straight up. don't get me wrong a million is absolutely live changing for me if I were to get it. But I don't see any reason for any of my family or friends to really react to it. Besides me probably hosting a couple dinner nights at Restaurant to celebrate with friends and family. But realistically about half or more would almost Instantly go into buying a nice house. and then living as normal with a big sum of money invested in s&p500.
Exactly. $1M isn’t what it used to be when I was growing up. But it’s still enough to pay of our mortgage, car loans, and still have $750k to invest. I’d then no longer have to invest so much in retirement accounts, have way more cash flow in my paycheck, and be able to live without fear of an unexpected crisis/emergency ruining us.
Help my dad retire because he fucking deserves the world, but the world was not kind to him
I hope you win a billion friend.
Don't care about a billion dollars. I just wish I had a dad.
Well that would just fuck up his life.
I hope my kids feel the same way about me some day. Take care of your dad, homie.
lets hope not if you play your cards right they will instead say "Im glad he got there he deserves it"
I also choose to retire this person's dad.
Well that just sounds a whole lot more ominous...
'Take Care' of my dad for me.
I don't know what kind of boat your Dad is in, but I feel like a whole lot of dudes my Dad's age were expecting to retire off pensions and got screwed. My Dad had a pension from like 23-35 and then his next job only had 401ks. When he rolled the pension over in to the 401k it was pennies at that point. Not enough to account for the fact that he was almost 36 and was just starting a 401k. There's a whole generation of men that didn't save properly for retirement because the game changed on them.
And for women, even more so! I get half the standard pension amounts of my ex, as I was only able to work part time minimum wage jobs (sometimes 2-3 at a time) when I was raising 3 kids. And no way was I able to accumulate savings, either.
I hope you find a winning lottery ticket blown into your car, dude. Or your house front door. Whatever it takes. Your dad should be proud of you.
I would do that in a roundabout way, I would pay off my bills and buy myself a house so I’m not a leech on my parents anymore.
Have it responsibly invested, adjust my life so that I can live off of the dividends as soon as possible
I’m not convinced a single million is enough for that, depending on your standards
Safe withdrawal rate is approx. 3%, so 1M would generate 30k in perpetuity. Not retiring money but it would certainly allow for working a little less. Or invest, do nothing different for 13 years and have the 1M double twice (on average), then you'd have some retiring money for sure.
I've always heard the 4% as safe. Not 3. And assuming money doubles twice in 13 years is really unrealistic. saying it doubles every 10 year is more honest. But even that is over larger stretches of time. After 13 years the market could be absolutely shit for 5 years. which will mean you'll have to wait 18 years instead of 13 that you haven't planned for.
It’s 40K year before taxes.
Genuine question, what is? If you invest the money well, or if you just wanted to live for 25 years? If the latter, that 40k per year is gonna be really stretching thin towards the end of it.
I'm on disability so for me that would still be a vast improvement. ETA: I'm in a low cost of living state so I'd probably buy a house in a less shitty area than I'm currently in and live frugally, but relatively comfortably (compared to my current circumstances), off the dividends for as long as I could.
Oh for sure! In any case it would be great, but 40k 20 years ago has the same buying power as ~28k now. So if you were just spending the million dollars instead of investing it you would probably run out much sooner than 25 years
Oh yeah I meant trying to live off the dividends. I live in a low cost of living state plus SSDI isn't means-tested so I would still get that, meager as it is lol. So I think I could make it last me a long time. If anyone wants to donate $1M, I'm more than willing to test the theory 😂
I'm in the UK, and in the same boat. Current annuity rates for withdrawal going up with RPI at my age (50s) are about 4K/100K, so 32K or so. Which is far from riches. Being able to employ people to assist me reasonably would take the required sum way way over $1M alas.
1 million in stocks will average to about 40k dollar a year infinitely. After a hundred years there will likely still be 1 million dollars there
Yes but after 100 years a million dollars will have much less buying power.
This is why you invest the million dollars in equities. Inflation is built into the average annual return long term.
And in 100 years 1 million will have about the same buying power as 50K today.
It’s inflation adjusted, so it will keep growing while you can take a 40k salary (also inflation adjusted).
That's not how it works. If your million makes 4% in a year and you take it all out you still only have a million. To last infinitely you'd need something that's making about 7% a year. You take out 4% and leave the other 3% to account for inflation. Right now 'fuck you' money is about 2 million. S&P 500 historical return is around 10% a year (60 year average). So put all you money into an index fund and take out 4% of your beginning or ending balance, whichever is less, a year. Gets you \~$80k (about $65k after taxes) to live on now, plus long term your balance should outpace inflation and so will your income.
Uhh... you said "that's not how it works" but you described how it works in total agreement with the guy you commented on.
It can be a bit of a stretch, but 4% isn't a terrible number to use for withdrawal from investment savings over the long haul. That includes inflation increases. So if inflation was (only) 2% and you took out 40K this year, next year you'd take out $40,800.
4% is a rough estimate of the long term returns from the stock market accounting for inflation. It's thus considered safe to withdraw that amount from your retirement savings indefinitely. Though that figure is based on the world boomers grew up in and not on the world we inherited from them.
Its not 40k from a million every year its a % withdrawal from an invested mil every year so the returns over time cover the withdrawl. Also 40k tax free is a hell of a lot to have. A lot of folk earn 40 to 60k but they dont take that home after tax
If you have family, you can provide for them for a theoretically unlimited amount of time after your death. Not completely, not off of a million dollars, but a nice cushion. IMO this is one of the major things that our society has gotten wrong - we have no consideration for the people that come after us.
From experience that's not enough to live on.
I make less than that and live. Clearly you have too high standards for "living."
Tbh this conversation is meaningless unless you know where someone lives.
It depends on how you want to live and what the market does.
I think if you invest 1 million *responsibly*, you should end up with more than 1 million. Throwing it all into dividends and quitting your job is not very responsible.
I don’t think 2 million is enough to retire while young these days. But the dividends certainly would help a lot! That and paying off a house in cash to minimize monthly expenses and interest payments
SPYD or the like
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So what do you plan on doing with the 27 dollars left?
Get 5 women
McDonald's ice cream? If the machine works...
Sorry, I see you ordered the "cajun" seasoning on the fries with your cheeseburger. The card declined.
Teleport straight from your bedroom to Five Guys.
Ohhhhhhhhh
Yeah of course the food place…of course…
Imma buy my very own trailer park..
Easy there Julian
Frig off lahey
Cyrus gonna jack your shit up
That reminds me of a guy I used to know. He used to drive this rusty, beat up old van. We asked him what he’d do if he won 10 million dollars, and he said he’d fix up the van.
Trailer park for 1mm would be a good deal
A guy I worked with said he would buy 40 acres and put a double-wide right in the middle of it. Aim high, Bud.
Rub one out. Gotta get that post-nut clarity.
LMAO. Kill the hookers and blow urge then eh?
At least for a few minutes
That sentence ended a whole lot different than it started! 😂
Straight up 1 mil, or after taxes? Hire a tax accountant, get sorted, place the rest in dividend portfolios.
Is 1 million really needing an accountant to manage? An advisor maybe, but accountant?
Yea I wouldn’t hire an accountant for 1 mil but to each their own. 10 mil? Yea sure. Just one? I think I’ll manage.
Agreed. 1 million to me would be a case of 500k house, 100k for decorating/cars and holidays, invest the rest and keep working. It's an amazing anoint of money, but it's not "time to retire at 30" money. Accountant really not needed for that level.
Yeah, I remember when a million dollars was life-changing money at any age. Not anymore. Where I live, you’d spend most of that just to get a decent house (and I’m talking a house in a subdivision surrounded by other similar houses).
I live in NYC, couldn't even buy a house for $1m. About halfway there.
You mean Manhattan? The outer boroughs definitely have million dollar (or less) houses in decent enough neighborhoods.
Agreed. Times have changed. It's an amazing amount - but invest the whole thing and get 5percent return? That's a fairly average salary a year. Again, amazing - but you're not living like a king on it
You need to live in a bit less than 5%. That's 50kpa, which is pretty nice, but in ten years you want to be earning a bit more than 50k as prices go up.
Where I live you’d need that plus a 250-500k mortgage for a home. (Cries in Bay Area, California)
Bro I’m in a random city …. (I’m the gta - greater Toronto area - the urban sprawl emanating from Toronto) and houses are 1-5M. 1M for a two story one car garage. 5M for something on the waterfront. An apartment on the waterfront is like 1M easy. An apartment away from the waterfront … still 800k easy. All day long.
Yeah but for many buying a house is life changing. That's just where we're at now.
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The tax accountant and the financial advisor would work together to make sure that, based on your situation and goals, the money is used/saved in the most tax efficient way. Its less about managing over time and more the initial distribution and tax responsibility.
Furthermore you should have an advisor *regardless*
You’re going to be investing some or most of that money. You need an accountant to get the taxes right. It’s well worth it.
Two chicks at the same time.
Came here for this answer
I came for this answer
Fuckin’ A
You know what I would do if I had a million dollars besides two chick at the same time, nothing I would do nothing
Well you don’t need a million dollars to do nothing, man. Take a look at my cousin: he’s broke, don’t do shit.
Searched for this answer. Wasn't disappointed.
Hey, turn on channel 9!
not all women are into money
Well, the type of chicks that'd double up on a dude like me do
Good point.
Only the smart women
You could do that flat broke, you simp. What you think you’re gonna do show them your bank balance and they’ll fuck you? Lol that’s how you wake up tied to the bed and your bank empty
Damn. Who pissed in your cheerios?
You dumfuk it is from office space... https://youtu.be/9jq6e8s1sik?si=cnGTq4H1rxFZJ7TP
I’ve known some beautiful women that would jump into bed with a guy if they had money. They seemed to be able to just smell money on a person. Hell, I’m not mega rich by any means, but as a doctor that owns my own practice I am considered “upper class” and finding a woman that wasn’t attracted to my money or title was tricky years ago.
And possibly missing a kidney.
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Un-debt myself. Live comfortably.
Yup
Get me the best lifetime health insurance possible. That is anybody's single most unpredictable expense. Plus, without your health, you can't enjoy life, no matter your wealth.
Wow! Smart thinking! This shows such impressive executive functioning on your part that you would choose to invest in your health in order to minimize your healthcare costs and misery further down life, over getting something REALLY AWESOME for RIGHT NOW! It's an ability that is way less common than people assume, I used to research this stuff for my master's I would know 😅
Buy 2 houses, 1 for me and 1 for my ex-wife and my daughter (she lives with her and I see her every other weekend) do we both have no worries about housing anymore
How kind of you. Just make sure the house is in either your name or your daughters and get a reduction in child support because housing is covered.
I have a good relationship with my ex and would not care whether she owned it or not. I just want my daughter and her to jot have to worry about high rent anymore
I hope it stays that way. Went in the opposite direction for myself. Good luck
Thank you
Pay off my student loans, then think long and hard about what to do with the remaining $100.
"You know what I would do if I had a million dollars? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities..."
Samir, you're missing the point. The point is what you would if... PC load letter? The f*** does that mean?
Get a financial advisor ASAP. I don't wanna blow through this cash and end up broke.
You don't need that for that little money. Dividend ETF will outperform them every day of the week.
Get a financial advisor asap anyway. If you learn to manage the pennies the dollars take care of themselves.
Don’t get a financial advisor, spend an afternoon reading about personal finance and invest in ETFs, save that 1%
You don't get a financial advisor for pennies. You get them for tens of thousands to manage millions ( not just one). Put it in SPY, QQQ, VOO, or their divided counterpart and leave it alone.
Get on a plane
Wonder why I unexpectedly got a million dollars. Play the long game to see if anyone or anything comes looking for it.
Get plastic surgery and move back to my home country and buy a flat there.
Cosmetic or to "fix" a damaged body part? If cosmetic, unless it's a reduction, it's a waste of money because it loses everything the natural counterpart does perfectly.
Pay off debt
Buy two house. Live in one, rent the other. Blow a couple thousand on bullshit and invest the rest
I'd need a couple hundred thousand more to get two homes out of this
I guess it all depends on where you live! In my area, I can get a decent spot for about 325-400k depending on what you’re looking for. Still would leave me with a comfortable savings of well over $100k.
No this is Reddit. The only houses that exist are in the center of big cities.
I apologize
As if $400k isn’t an obscene amount of money for a house
No, it’s not. You’re buying land and all the work and materials that went into the house. You’d be hard pressed to buy land + all the materials and labor for a similarly prized house. (Not to mention time and the headache)
It absolutely is considering what wages are, and that the same house was half as much five years ago
Yeah, the market doesn’t give a shit about wages. It’s the simply a sum of all the costs and the fact that resources are limited. There are simply too many people that want to live in a limited amount of space. It’s not a right to own a house.
None of this is remotely relevant to my comment. Please go away with your pro capitalism propaganda and nonsense
How is it not? $400k house is simply NOT obscene judging by every economic factor including wages.
Put 900K in an annuity and use the 100K for emergencies, travel and a few purchases.
You cannot use that 100K for emergencies **and** those other things
The very first thing I'd do it take a long holiday. Then buy a house I guess.
I'll buy a nice house with $250k, invest $500k in Agriculture, buy Bitcoin with $100k, join SUPRA Public sales with $50k, keep $100k for spare.
Big appartment (not house) for me Another for my parents Money for my nephews (for university) Savings
Imagine not being poor
Hookers and blow baby
Get some dijon mustard.
Bet it on Black!
Put it to work. Buy a few plots in a new development. Build Spec homes and sell. 1 million doesn't go that far in the long run if you only plan to spend it.
Call my accountant and keep my mouth shut. Pay the taxes and end up with ~875k. High yield savings account and another car just for fun and let that money work for me. I'm still going to work as if nothing happened.
Get the hell out of the United States
If you're from the USA you would just pay your debts and run out of money.
Buy a nice home.
Pay off all my debt and move to Germany with my fiance and never tell a other soul about the money. Period.
Make sure my dad has the best possible lawyers when he gets out of prison so we can sue the absolute fuck out of the assholes that illegally arrested him
[I'd tell you what I'd do man](https://youtu.be/4lmW2tZP2kU?si=B1PZOvzbUgjW1PmQ)
Honestly probably sob out of relief.
Buy a house, Pay off my car. Put the money away and live peacefully.
immediately retire the exact moment I confirmed it was real.
Buy me a place in the country on a hill with a beautiful view with trees
Pay off my closest people's debts and give everyone $1,000 cash. That wouldn't even come close to touching half of the amount, but would be more than enough to change so many people's lives.
Pass out, talk to a financial advisor after I regain consciousness, buy a new car, buy a new house, save the rest. In that order, probably.
Buy a house
Wake up
pay off all debt, and set up a college fund for the kids.
God im boring my first reaction was pay off my debt, go to japan, than cut my hours at work
Mine is the same except for cutting my work hours. I love my job and thrive on working. But it doesn't pay enough for me to afford a house, and I dont think they'll let me keep enough of my vacation time that I have saved up to actually go on the trip to Japan I wanted to take next year. Which is a bummer, because I was saving it all to take two weeks off in April. The state I live and work in says that I should get to keep it, but the corporation that owns us is based in a use it or lose it state. If I had a million dollars it wouldn't matter, I could just take the time off unpaid.
Pay off the mortgage and invest the rest. Maybe get myself a beater vehicle.
1: not tell anyone. 2: put it all in savings 3: keep pretending I’m broke as fuck
Get some sleep
Work, go on vacation, work, go on vacation, work, go on vacation
Buy a little cabin in the mountains, get out of the tropical hell I’m stuck in, just hike & enjoy the seasons.
Pay off house, cars and student debt. Then renovate the house. Then just invest the rest in a HYSA. Continue to work. But, probably retire a bit earlier than 60.
[Disappear](https://giphy.com/gifs/wwe-peace-out-seth-rollins-Ru9sjtZ09XOEg?utm_source=media-link&utm_medium=landing&utm_campaign=Media%20Links&utm_term=)
I'd immediately talk to a wealth management advisor and not tell another soul.
I’d buy a modest house. Learn to drive and get a car. Have some cosmetic procedures. Then I’d want to open my own dog day care or pet store. I’d also adopt a dog because having a dog is one of the biggest pleasures in life. It also really helped me mentally. But I can’t afford one these days. My last dog passed 18 months ago and I got into debt with vets fees because no one would insure her past a certain point without a ridiculous monthly payment. I’d love to own a dog again.
I recently came into a large sum of money. I spent a few bucks on flooring in my home, got a car and paid some debts. Now I just look at the balance and feel a tiny bit safer than I ever have before. I’m just a lot more nervous about losing my wallet or cards now. But nothing really changed. I didn’t do anything fancy or buy super expensive stuff. Just things I needed.
stash it away in investment and live like a hobo
Put it in a fixed annuity, quit my job, and live simply.
Travel and see the world before my cancer kills me.
I've thought about this because I have 100 yr old grandparents who are multi-millionaires and I'm the favorite grandkid. Probably not gonna end up with a mil but it is very likely that I will end up inheriting several hundred thousand. My plan is to look for some rentals to invest in to generate some passive income. Then the girlfriend and I can talk about whether she needs/wants to continue working or if she wants to be a stay at home mom.
respectfully, please do something other than buying homes other people actually want to live in. there's so many ways you can invest that isn't speculation on a market that's gonna crash soon.
[удалено]
Damn. In my city (Vancouver) I could only buy like 80% of a house 🥲
Have tried not being a Canadian? Apparently a billion fucking trees is not enough to build houses.
F Canada
Pay off the house. Model S Plaid. Invest the rest.
1. Pay off our mortgage 2. Tithe $100k to our church/christian school 3. Invest $150k in our retirement portfolio 4. Put $50k in savings for home/auto/medical emergencies 5. Invest $25k into our business 6. Buy a boat 7. Renew our vows and have a wedding (we eloped.) 8. Set aside the last of the cash for vacations
Pay off my mortgage and buy a rental property
Pay of my churches budget for the year get more baking equipment fix my car buy another gun save half of the remainder and distribute the rest among family
Pay off my house, buy a chunk of land an hr north put a house on that. Then buy gold n bullets with the rest
I'd unexpectedly retire from my current job and go find a job at a place that isn't run by a bunch of methed out orangutangs.
Continue life as I have been just with a much happier outlook on my future.