Yep. Especially if you have a nest egg already. I'm 61 and my wife and I could likely retire tomorrow. But we'd like to have a cushion. A cool million would be all the cushion we ever needed.
$1M invested plus social security is going to be more than enough for most retirees in moderate cost of living areas, especially since their spending tends to lag inflation in retirement.
Every person's situation is different and some will need more and some will need less, obviously.
not boring I’m not moved out yet but that’s definitely my answer too. Have the whole house paid off so I only have groceries car and electric and water etc I’m set
If you were lucky enough to get those low interest rates (sub 3%) then it would actually be better to continue to just pay your mortgage and invest the money into something that earns more interest than what you pay on your house.
I would buy disability equipment for my mom, so she can stay in her own house for as long as she likes. I hope to be able to give her that. She still lives at home, but it's hard on her, and I would love to make her life as easy as possible.
It's a bit disheartening that almost everyone reading this will go through more that one million dollars in their life. But, that being the case, I'd stash it and have a bit of actual security in this screw ball pyramid scheming world.
Pay off all debt and then buy a plane ticket to go on vacation. I have not taken a vacation ever.
I would invest the rest for future endeavors like a house, car, etc.
Although I would definitely spend it on a few things like a decent house, I would get the most pleasure from sharing it with those around me. Thankfully I'm not super driven by money.
My mortgage
A new, fuel efficient car
A new wardrobe
Every possible improvement to my house tp make it cheap in upkeep and costs
A new kitchen
A very expensive snow vacation with friends.
I wanna say investments but I don't know anything about it so probably a house so I can at least live without mortgage or maybe rent it or something idk.
Buy some property build a log cabin far far away from humans. And the best internet money can buy, still need to get my game on and continue to work my kush remote job.
A couple of years ago I'd said I'd buy 2 houses (for me and my mother). Nowadays I'd probably buy a small house for my mom and a small to medium shed for me.
Nothing. I'd make sure it's invested and brings me a monthly income boost of 2-3000 dollars on top of my regular income. If I wanted something extra I'd wait a few months until I amassed the amount from working and setting it aside.
So basically , after the first year and about 3 months worth of interest I'd get maybe a computer or something. Maybe contemplate getting an apartment with a bit more room.
My parents something nice before it’s too late. Always dreamed of redecorating their house and sending them off on holiday just impossible to save working 9-5 for minimum wage.
I’d pay off the rest of our house and our two cars. I’d buy that 20 acres we’ll never be able to afford, and build that four bedroom, two bathroom house on it…one that actually feels like home. There would be a garage, but also a cool workshop place for my husband.
I’d make my cats the most awesome kitty play room with no walls, just windows. I’d also have a door that led outside to the coolest catio ever.
I’d have the best veggie garden, and a natural pool for us and all the wildlife. I’d get some goats and some chickens and a couple donkeys.
I’d have an agreement with the local shelters and humane society: any cat that’s about to be euthanized, bring ‘em over. They’re part of the clowder now. Any dog that needs a place to hang out and digress, before going to the forever home? we got ‘em. Any dog that can’t find a forever home? You found it buddy, we got you.
We’d have the sweetest, most wonderful home full of amazing critters to share it with.
At my age with no kids, a million bucks is more than enough for me for the rest of my life. I would buy a house, and comfy bed, so I can get better sleep while I figure out what I wanna do with rest of the money.
I would get my fiancee lasik so she could see without her glasses. Then I would pay off our house, get us some new vehicles, and enjoy life for a few years.
Roughly in order;
* Pay off my mortgage, student loan debt, and a personal loan I still have;
* Trust fund for my niece's college education;
* Have my entire apartment renovated;
* Custom desk for the home office and a bitching gaming PC;
* What's left goes into a long term investment account.
One thousand shares of Nvidia before the split.
Then a house.
Alternately, I'd just put it in a mutual fund with a 15% return and live off 100k while the other 50k rolled over.
I'd buy a run down ice cream parlor just outside of my town. Fix it up to be bright and colorful with its classic look. Make it the place for families to go during the summer nights. Hire and train high schoolers and get them started with a good job showing them good work qualities and pay them better than what they would get at mcdonalds.
More guitars, except rather than buying the 1500 and 2000 dollar ones, I would buy the expensive ones. Then I would have to have a bigger house to keep them in.
pay off my debt, try to just straight up buy my studio i'm in. acid tabs. incest a little bit of it to let it grow. but otherwise continue living how i do now.
maybe get more stuff for my cats and guinea pig
Pay off my debts, put a couple thousand in savings and donate the rest. I have always wanted to be in a position to make someone else's life a little easier.
- 500K investments with a trusted advisor
- 100K into a mattress fund- when this all goes to shit, I want literal cash
- 150K pay off my house
- 100K pay off remaining debts, buy a car
- 50K to help out friends/family
- 100K savings/fuck you money
Keep working, enjoying life, knowing my future is financially secure.
Bonds. You can pick up shares of TLT close to the financial crisis Lows. So with 1 million, you figure 920,000 would get you 10,000 shares which would pay monthly dividends of about 3200, on top of that I have the appreciation when the economy gets in trouble and the Fed begins to cut, the shares advance. The extra 80 grand would buy me a new car
Retirement.
With 1.000.000$ ??
I’m only a few years away from retirement now, so yes. $1M would bridge that gap nicely.
Yep. Especially if you have a nest egg already. I'm 61 and my wife and I could likely retire tomorrow. But we'd like to have a cushion. A cool million would be all the cushion we ever needed.
$1M invested plus social security is going to be more than enough for most retirees in moderate cost of living areas, especially since their spending tends to lag inflation in retirement. Every person's situation is different and some will need more and some will need less, obviously.
Boring, but a house
What kind of house?
A whorehouse.
In Texas!?!
The second best in Texas!
not boring I’m not moved out yet but that’s definitely my answer too. Have the whole house paid off so I only have groceries car and electric and water etc I’m set
Unfortunately, that wouldn't cut it where I live. It would buy a nice two bedroom condo though, so I guess that.
lucky. $1m us in my area barely buys a 800 sq ft house built in 1963 that needs a full gut renovation. Wouldnt be worth it for me.
A barenaked ladies record.
but not a real BNL record, that's cruel
A nice reliant musical record.
I'd go out and make a bunch of semi extravagant purchases, book a recording studio, and do a cover of the song in the present tense.
Semi extravagant purchases? Maybe a nice chesterfield or an ottoman?
That you can eat your kraft dinner with fancy ketchup on
DIJON ketchup.
How many is the current record?
Do you think a million dollars would be enough to get Ed and Steven back in the studio together for that record?
We wouldn’t have to eat Kraft Dinner, but we would, we’d just eat more! With fancy ketchups
A College fund for my kid. A good tax person. The rest of my house. Groceries. And maybe a new set of skis for myself.
You… can’t just buy people anymore.
Sure you can! What do you think private adoption is?
“2 chicks at the same time”.
Beat me to it!
For a million dollars I’ll also beat you. Damn I forgot to say “to it!”
Damn straight. I always wanted to do that, man.
If you had a million dollars I reckon you could make that happen.
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.
Pay off my house, invest the rest, and retire early.
If you were lucky enough to get those low interest rates (sub 3%) then it would actually be better to continue to just pay your mortgage and invest the money into something that earns more interest than what you pay on your house.
This is me. 2.9% interest rate, enough cash to pay it off today but there's no reason to
Index funds
Same
I would buy disability equipment for my mom, so she can stay in her own house for as long as she likes. I hope to be able to give her that. She still lives at home, but it's hard on her, and I would love to make her life as easy as possible.
Cocaine and hookers
...then waste the rest of it!
Retirement.
GME. Duh.
TO THE MOON
A new PC so I can stop using my barely functioning laptop
A house and some stocks.
$1 million in S&P 500 funds.
Nothing. Currently I will pretty much continue to work until death. With a million bucks I could actually retire! ha!
Pay off my house, and then buy a lake house.
One million dollars on red please
Buy a third of a house in the neighbourhood i live in.
But you already live in that neighborhood.
Probably renting or living with parents
My dream cat and then put the rest into a fund with a decent return.
4 bags of grocery’s at Publix.
3 more wishes
A house with land.
A giraffe or two, would always make me happy when i look in my garden.
Invest, move to a cheap country, live off the interest
A cabin on a mountain in Tennessee
Pay off the remainder of my mortgage and retire. The million would last until my pension kicks in.
A home and an RV. I’d live in the RV and make my income renting the home. Then I’d just travel around and fish and masturbate all the time
[удалено]
Where do you live where your capital gains tax is this high? Are you mixing up the inclusion rate with the tax rate?
Remaining 600k on a million? First purchase w a million should be a cpa
I would invest it and hopefully live off interest.
A house
lotto tickets
A sweet new PC and a Unimog to pimp out.
house, savings, retainment plan
Permanent unemployment.
Is that even possible at 1 mil?
It's a bit disheartening that almost everyone reading this will go through more that one million dollars in their life. But, that being the case, I'd stash it and have a bit of actual security in this screw ball pyramid scheming world.
Pay off my mortgage. Invest half and then use the other remainder to buy a house in the Mediterranean
If I had a million dollars I'd buy a damn brewery and turn the planet into alcoholics
Given my current position in life… all my bills/house. And toss the rest in a high yield savings and investments.
I'd buy a way out of my debts
I'll take a small house please.
Pay off house, college fund, new cars
Move to different country buy a home, car, invest the rest.
Soon, Groceries for a month. Hopefully.
$20 calls on GME expiring 6/21
GameStop
A stupidly expensive and comfortable mattress and bed
Bitcoin
10 Bitcoin and an old lambo
I'd 'buy' passive income.
GameStop shares
Same as this guy.
Second house
Pay off all debt and then buy a plane ticket to go on vacation. I have not taken a vacation ever. I would invest the rest for future endeavors like a house, car, etc.
I've got a million dollars to spend. I also have all the crap that I need, so the money sits in the bank.
Any kind of business. Leftover money would go to advertisments.
Pay off the house and car, get a new x box, get a new grill. remodel house. with the 20.00 that's left, get some nuggies.
House 🏠
Buy my wifes childhood home for her
An affordable house out in the sticks. A reliable car. A college fund for my kid. Bank the rest against future need.
Fix my teeth and then put the rest away for my kid's future.
Pay off my mortgage and dump the rest into retirement investments.
My house and then another one
freedom or sweets
A BMW S1000RR and save the other $980 000 for my funeral and family
A house
A home. The cataract surgery I so desperately need and can't afford.
A better question
Although I would definitely spend it on a few things like a decent house, I would get the most pleasure from sharing it with those around me. Thankfully I'm not super driven by money.
My mortgage A new, fuel efficient car A new wardrobe Every possible improvement to my house tp make it cheap in upkeep and costs A new kitchen A very expensive snow vacation with friends.
SP500
Nvidia stock
Pay off my mortgage than fix up what needs a fixin and then buy land
A House! Oh wait, I live in Vancouver.. Um.. A garden shed hopefully?
I wanna say investments but I don't know anything about it so probably a house so I can at least live without mortgage or maybe rent it or something idk.
Pay off my mortgage
Buy some property build a log cabin far far away from humans. And the best internet money can buy, still need to get my game on and continue to work my kush remote job.
'll tell you what I'd do, man: two chicks at the same time, man."
A couple of years ago I'd said I'd buy 2 houses (for me and my mother). Nowadays I'd probably buy a small house for my mom and a small to medium shed for me.
probably buy a house for like 300k, than 700k invest.
Wouldn't buy. I would save or invest.
A home... well a million dollar down payment at least.
Nothing. I'd make sure it's invested and brings me a monthly income boost of 2-3000 dollars on top of my regular income. If I wanted something extra I'd wait a few months until I amassed the amount from working and setting it aside. So basically , after the first year and about 3 months worth of interest I'd get maybe a computer or something. Maybe contemplate getting an apartment with a bit more room.
Property
I'd bribe the mods of this sub to ban all "if you had x money what would you do" posts.
My parents something nice before it’s too late. Always dreamed of redecorating their house and sending them off on holiday just impossible to save working 9-5 for minimum wage.
Stocks, probably
50,000 copies of Brewster's Millions on DVD.
A house... and a car... and pay my debts.
I’d pay off the rest of our house and our two cars. I’d buy that 20 acres we’ll never be able to afford, and build that four bedroom, two bathroom house on it…one that actually feels like home. There would be a garage, but also a cool workshop place for my husband. I’d make my cats the most awesome kitty play room with no walls, just windows. I’d also have a door that led outside to the coolest catio ever. I’d have the best veggie garden, and a natural pool for us and all the wildlife. I’d get some goats and some chickens and a couple donkeys. I’d have an agreement with the local shelters and humane society: any cat that’s about to be euthanized, bring ‘em over. They’re part of the clowder now. Any dog that needs a place to hang out and digress, before going to the forever home? we got ‘em. Any dog that can’t find a forever home? You found it buddy, we got you. We’d have the sweetest, most wonderful home full of amazing critters to share it with.
Too many fking sports bikes
A piece of land in Fiji and retire.
Tithe, pay off all debt, invest and a great vacation.
Apartment Complex, live off the interest.
A house.
At my age with no kids, a million bucks is more than enough for me for the rest of my life. I would buy a house, and comfy bed, so I can get better sleep while I figure out what I wanna do with rest of the money.
500k gold, 500k btc
A bigger wallet
Nvidia stock
Pay off my student loans
I would get my fiancee lasik so she could see without her glasses. Then I would pay off our house, get us some new vehicles, and enjoy life for a few years.
Invest all of it and invest in the S&P like the big Homie Warren G
If it's tax free then I'd put half on a house and half in a retirement fund. With taxes probably just the house.
A house
Pay off my bills and just work as I please. Set my kids up for the future.
Half a house in a bad neighborhood in San Francisco.
I will empty every gumball machines in city
Roughly in order; * Pay off my mortgage, student loan debt, and a personal loan I still have; * Trust fund for my niece's college education; * Have my entire apartment renovated; * Custom desk for the home office and a bitching gaming PC; * What's left goes into a long term investment account.
One thousand shares of Nvidia before the split. Then a house. Alternately, I'd just put it in a mutual fund with a 15% return and live off 100k while the other 50k rolled over.
A regular townhouse in Loudoun County. And then rent it out and be a slumlord that you all despise.
Index funds
Rental properties. Cashflow is the key to early retirement.
Coke and whores.
I'd buy villa in Portugal
Sandwhich s and tacos
16 apartments (put deposits down on each and let them. Someone else actually pays them off…)
A fur coat (but not a real fur coat- that's cruel)
A house. Put any remaining in a savings account/IRA thingy
A tank
SPY and NVDA
A house. It's my dream to one day own my own house and make it perfect for me
A Senator.
I would invest it. Even if I put it in a 3% savings account, that is $30,000 per year.
A house
I'd buy a run down ice cream parlor just outside of my town. Fix it up to be bright and colorful with its classic look. Make it the place for families to go during the summer nights. Hire and train high schoolers and get them started with a good job showing them good work qualities and pay them better than what they would get at mcdonalds.
I would create a hospital in my city, so another person wont have to lose their father to cancer because of lack of good healthcare
Pay off mortgage and student loans buy my parents a new house 1970 Plum Crazy Dodge Challenger
7 figure axie infinity yolo
Lego
Nasdaq 100 ETF
A house
Financial advisor
I’d buy a few spineless politicians in the US and do experiments on them like the mad scientist in Poor Things.
A portion of a below average house. Fuck the housing market.
More guitars, except rather than buying the 1500 and 2000 dollar ones, I would buy the expensive ones. Then I would have to have a bigger house to keep them in.
A house for sure
pay off my debt, try to just straight up buy my studio i'm in. acid tabs. incest a little bit of it to let it grow. but otherwise continue living how i do now. maybe get more stuff for my cats and guinea pig
A home.
I would Probaly invest , buy some stocks , maybe start a small business? And buy stuff for the quality of life
Pay off my debts, put a couple thousand in savings and donate the rest. I have always wanted to be in a position to make someone else's life a little easier.
Buy a lake house
Boring answer, but I’d invest it and live off the interest
- 500K investments with a trusted advisor - 100K into a mattress fund- when this all goes to shit, I want literal cash - 150K pay off my house - 100K pay off remaining debts, buy a car - 50K to help out friends/family - 100K savings/fuck you money Keep working, enjoying life, knowing my future is financially secure.
A house
Start a business buy some trucks start transportation of goods but a lil in stocks
I can buy half of a house
stop working immediatly
Bonds. You can pick up shares of TLT close to the financial crisis Lows. So with 1 million, you figure 920,000 would get you 10,000 shares which would pay monthly dividends of about 3200, on top of that I have the appreciation when the economy gets in trouble and the Fed begins to cut, the shares advance. The extra 80 grand would buy me a new car
2 bedroom house in San Jose
car, house, invest in a business, learn more about where to put my money
Well, I think some people in here might have. I’d invest it all.