If you suddenly received 1 million dollars, whats the first thing you would do?

[dieselfit]

Money is not easy to come by with the way the world is going these days. Jobs, salaries, it isn't always fair. Money doesn't grow on trees so we can't just get what we want, when we want. If I suddenly had 1 million dollars, the first thing I would do is buy a big gift for my parents. The 2nd thing is I would pay my debt. The reason for the gift is because my parents have done so much for me yet I never had the chance to pay them back in any way except my love which is just cheesy lol. How about you guys?

 

[Igor Sobral]

I wouldn't do nothing, actually. I'm 18 so still living with my parents, I'd probably put it in the bank to earn the most interest I could until I go live alone. Then the first thing I'd do would be to loan some to my parents for the obvious reason - they've spent a lot on me too, so

 

[JoanMcWench]

I would pay the taxes on it before that catches up with me. Whomp. Whomp. Reality strikes again!

 

[rossonomous]

I would party for the next 3-4 days, buy a bunch of new trainers, send my parents on holiday and also treat my brother and sister.

But mainly party.

 

[CyberGenius]

Okay, to start with, I think this a little bit on the desperate side and more like daydreaming. Hey! But, there's no hurt in wishing. If I suddenly hit $1million, the first thing I would do is plan before spending the money at all. The reason for my planning is I wouldn't want to spend the money carelessly and return to my previous position. After doing that, I'm going to save 70% then give 20% off it to my parents[which I really don't think they need] and siblings. I'm going to invest 50% which is $50,000 from the remaining 10% with me. Then, I would get a car and some necessities from the remaining 50% and also give some cash to certain people I know who really needs it. Mind you, I'd have 70%[$700,000] untouched in my bank account.

Of course, I'm going to enjoy life but will do that proper when my investment start showing returns.

 

[Poohbear]

Change it into £s

 

[Catavenger]

Buy a new house then once I've moved and sold this house that money would go to family, friends, charity etc.

 

[Lizbeth19ph]

First thing I would do is deposit part of it in the bank, then pay all our debts, leave some for our expenses and give some to charities.

 

[ReadmeByAmy]

Wow! That's a big sum of money and to think you will not have that big amount of money by just working in your lifetime. And if I suddenly received 1 million dollars, the first thing I would do is to make a list to where will I put and spend the money wisely and to whom I will share it. Maybe I will be confuse about it and requires though decision making because it is only once in a lifetime you will received that big amount of money. And when everything is in the right place already then that is the time for me to buy the things that I am dreaming of before the money came to me

 

[Josie]

That's not a lot of money these days. I would simply buy a house, invest and help as many people as I can with it..

 

[BelgianRockfan2]

Invest a part, say 10-15%, in something that is guaranteed to make me money. Then invest a bit , maybe 2-5% in ways that aren't guaranteed to return me any money, but that will make a lot of money when they do. Put the rest in the bank, making sure that it's total value doesn't decrease because of inflation. Then continue life like nothing happened, only using that $1 million when it's absolutely necessary, like when I'm behind on rent/taxes.

That's the plan anyway. In reality I'd probably buy high tech goodies like a beast of a PC, a big TV, a PS4 and video games, and an oculus rift.

 

[BaltimoreJay]

After I got the taxes out of the way I'd settle up on my mortgage. Then I'd take the family on a trip (nothing fancy, something simple like visiting relatives on the west coast). Anything left after that would go straight into the kids' college savings.

Sorry, it's kind of a boring answer.

 

[griz bear]

Put it away earning some interest and save it for a rainy day.

 

[AUFred]

Invest it in property and build a house and a pond. The remainder I would invest.

 

[Denis Hard]

That's a lot of money. I'd buy a large ranch somewhere stock it up with livestock and then place the remainder which will still be a lot in some bank account or get myself government securities since they pay high returns. I'd never have to work again for a living.

 

[mauricioq]

Hard question!
I would travel the world, Barcelona first, it looks so cool from the videos I've seen, haha.
Then I would buy clothes and save the rest I guess.

 

[NuckingFuts]

Pay off bills. Then get my son set up for his future. By the time he is 21, he will have a nice amount of money. In the interest alone. However if he decides yo go to college. I will use it for his tuition. He is only 7 right now.

 

[DaBlink182]

Pay my debts, send my parents on an amazing vacation and party for like a week straight. I'd put the rest in the bank and be safe and boring because if I don't, I'll end up spending everything in like a year haha.

 

[Annetteb]

I would pay off all my debt and then buy me a nice house. Then I would set some aside for investments because I would want my money to grow so that when I retire, I can travel to all the places I have wanted to see.

 

[Vegany]

I would invest the money and use it to help my mom pay my college tuition. Some of the investment money I would donate to animal rights charities. I don't know if I'd ever work with that much money on me haha, but maybe. I'd probably always make sure I have at least 200,000 dollars at all times. I might send the rest to charities or other institutions that needed it.