Thread: If you had a million dollars, what would you do with it?

If you had a million dollars (or a billion rubles), what would you do with it?

Two chicks at the same time.

Once we had counted with the students of my group how much money we need to live our lifetime in reasonable limits without excess or lacks. We had recognised that one million dollars is quite enough summ of money for us. From the birth to the death (close to our 85'th anniversary) the income would be about 1000 per month. Spending it well and thoughtfully one could live in the prosperity. And more than - became rich.

God's Fish be merciful to my knowledge of English tenses!

Well, I think that it's impossible for any of us here to say exactly what we'd do if we had $1,000,000. How can you say what you'd do with this amount of money when you don't even know what you'd do if you had half of that sum? I mean to say that what people say now when they don't have a million bucks may differ significantly to what they will really do when they get the money.

Anyhow, since I'm inclined to think that money should work, I'd probably spend around a fifth of the sum and put the remainder into setting up my own business or probably buying a share in somebody else's business. I definitely wouldn't spend all of the money on expensive cars, cottages and stuff like that. I take the view that luxury must be earned but not gained without any effort whatsoever.

Originally Posted by ReDSanchous

Well, I think that it's impossible for any of us here to say exactly what we'd do if we had $1,000,000. How can you say what you'd do with this amount of money when you don't even know what you'd do if you had half of that sum?

With $1,000,000 I'd spend about $40,000 paying off my student loans, live in a slightly nicer dormitory, and probably buy a new car for ~$20,000. With the remaining $930,000+ I'd sock at least $.5million away in a high-yield savings account. I'd pay off all my parents' bills too ~$30,000. The remaining $400,000 - I'd invest $250,000 in various stocks and bonds and the last $150,000 goes to buy a new house for my parents. (They deserve it for tolerating me for so many years.)

i would invest in property and then have a good hard think about spending the rest :P

Originally Posted by ReDSanchous

Well, I think that it's impossible for any of us here to say exactly what we'd do if we had $1,000,000. How can you say what you'd do with this amount of money when you don't even know what you'd do if you had half of that sum? I mean to say that what people say now when they don't have a million bucks may differ significantly to what they will really do when they get the money.

$1,000,000 isn't necessarily an unimaginable sum. It's only about

[quote=scotcher]

Originally Posted by ReDSanchous

Well, I think that it's impossible for any of us here to say exactly what we'd do if we had $1,000,000. How can you say what you'd do with this amount of money when you don't even know what you'd do if you had half of that sum? I mean to say that what people say now when they don't have a million bucks may differ significantly to what they will really do when they get the money.

$1,000,000 isn't necessarily an unimaginable sum. It's only about

Originally Posted by ReDSanchous

Buying a house seems to be a sound investment nowadays. Incidentally, when I was over in Poole last summer, I heard the prices of the houses close to the beach reached about 4 million pounds.

I can well believe it. The average house price across the whole of the the UK is over

[quote=scotcher]

Originally Posted by ReDSanchous

Buying a house seems to be a sound investment nowadays. Incidentally, when I was over in Poole last summer, I heard the prices of the houses close to the beach reached about 4 million pounds.

I can well believe it. The average house price across the whole of the the UK is over

Originally Posted by ReDSanchous

I guess the UK's housing market is very well developed. When walking along any street in the UK, it's hard not to notice numerous signs "SALE" standing close to a house on sale. Once I even saw the following picture - I was walking across one of Bournemouth's prestigious areas when I saw a house on sale with the obligatory sign "sale". I came up closer to the sign and what I saw on the ground really amazed me. There were about three other similar signs which just belonged to other companies. I guess, those companies had failed to sell the house due to an extremely high price and the fact that it was located about half a mile from the sea.

That could be a house that has previously been split into smaller flats (really common with large townhouses), with several of them being for sale at the same time, through different estate agents.

The UK housing market is just a giant bubble at the moment. Demand started to outstrip supply, which made prices soar, which attracted speculators into the market, which further reduced supply, and so on and so on.

Originally Posted by scotcher

That could be a house that has previously been split into smaller flats (really common with large townhouses), with several of them being for sale at the same time, through different estate agents.

The UK housing market is just a giant bubble at the moment. Demand started to outstrip supply, which made prices soar, which attracted speculators into the market, which further reduced supply, and so on and so on.

Do they split up houses into smaller apartments in those luxurious cottages?

Originally Posted by ReDSanchous

Do they split up houses into smaller apartments in those luxurious cottages?

Which luxurious cottages?

Generally, if a seller can make more profit by splitting a property up into flats and selling them separately than if they sold the whole property as-is (including coverinig the cost of the conversion), then they will do so.

Originally Posted by shadow1

If you had a million dollars (or a billion rubles), what would you do with it?

If I was that poor, I would start to work.

Originally Posted by BlackMage

Two chicks at the same time.

C'mon now, you can do that without any money

Originally Posted by Leof

Once we had counted with the students of my group how much money we need to live our lifetime in reasonable limits without excess or lacks. We had recognised that one million dollars is quite enough summ of money for us. From the birth to the death (close to our 85'th anniversary) the income would be about 1000 per month. Spending it well and thoughtfully one could live in the prosperity. And more than - became rich.

God's Fish be merciful to my knowledge of English tenses!

Who can live on $1000/month???

Originally Posted by charlestonian

Originally Posted by Leof

Once we had counted with the students of my group how much money we need to live our lifetime in reasonable limits without excess or lacks. We had recognised that one million dollars is quite enough summ of money for us. From the birth to the death (close to our 85'th anniversary) the income would be about 1000 per month. Spending it well and thoughtfully one could live in the prosperity. And more than - became rich.

God's Fish be merciful to my knowledge of English tenses!

Who can live on $1000/month???

NO SHIZIT !!!!
$12,000 year/2080 (40 hrs per week x 52) = $5.75 an hour...
The current minimum wage in Massachusetts is $6.75 per hour.

My house for $600K

I'll buy a million lottery tickets

Originally Posted by charlestonian

Who can live on $1000/month???

Somehow some people in Russia live on 100$ per month...

Is it a million before tax or after?
The more we have the more we want. If you had a million dollar on your bank account you wouldn't want to spend only $1000 per month (hardly a sum that can sustain you in such a city as Moscow, for example).
There's also a rule - if you want to have much you must also spend much. And the more you want to save, the more you will lose. The money flow should be continuous and not some fixed sum. Besides - you don't want to have only one source of income. It's better to have $10 from 10 sources than $100 from one, because thus you insure the risks.

P.S. BlackMage - I can arrange two chicks for around $200 Maybe even for free. Interested?

P.P.S. Minimum monthly income for decent living should be around 100-120 thousand roubles (around $3.5-4 thousand) per month. For good living it should be around 250-300 thousand roubles ($5-7 thousands) per month. (And this is AFTER TAX, but then who pays taxes in Russia...)
Having this much you won't even be considered rich here in Moscow, just the upper middle class.

Originally Posted by Scrabus

Originally Posted by charlestonian

Who can live on $1000/month???

Somehow some people in Russia live on 100$ per month...

$100 in America is nothing!!!!!!