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[DaCocoBrova]

You must lead a very fortunate existence to think of $3 million as "not a lot of money".

Actually, I do consider myself to be very fortunate. Through my own efforts, and especially through those of my parents. I remember not having heat in the house, rodents galore... I also remember spending my summers in Martha's Vineyard and South Hampton. I have everything I want (90% anway), I've traveled. So I think my perspective may differ from someone who hasn't experienced as much.

Plus, 3 mill, 1.5 after taxes.

 

[malek4980]

You're the first person to bring up the idea of helping other people (family) with the money.

Archie gets Excaliber.

*coughs*

A trust fund for my sister

Buy my mom a house

Invest some of it

Get a parttime job at the library[8 hours a week] and enjoy life

Nice car, decent condo, some nice toys, a little something for the parents. Then I would invest the remaining $2.5 million, that is after reading every investment book known to man.

After moving my family and myself out of the ghetto and into a better neighborhood, I'd probably just keep my job and stretch out the cash any way I could. Stock, starting a store, hiding it in newspapers for 30 years, etc.

Buy a condo, a car, help my family out, then invest the rest.

I would get an Audi S4

I don't do $ so I'm gonna change that to £

-I'd give £50,000 to 3 charities of my choice.
-I'd buy a nice place in Belgium and a villa in Cyprus, nothing too amazing or expensive though and a suitable car.
-I wouldn't tell anybody besides my parents and my girlfriend, I'd help with any of my relatives though.
-Would give my parents £500,000.
-Go travelling around Europe.
-Invest and save the rest.
-Would still get a part-time job to earn some money.
-Wouldn't spend too much on games actually, like buy every game or cd available but rather the ones that I really wanted.

Give it to my parents/family to invest in our home country and go on doing exactly what I'm doing right now.

 

[callous]

Invest a large part, travel and never work again unless it was because I wanted to. I'd keep a permanent home or two, but I'd be nomadic a lot of the time.

 

[TheQueen'sOwn]

Ensure that after I die... my body is launched into space in some sort of container that could.. upon hitting some distant planet... totally take it and any society living on that planet out. That would make me very happy .

 

[rastex]

Backpack around the world for like 4 years straight. Wandering monk style.

 

[Instigator]

if I had 3 million I'd invest it and live off the intrest, I wouldn't quit working or anything but I'd get something less stressful, you know like a weekly sperm donator. Go in on a Friday do my rounds 3-4 times make enough spending cash for the week to come

And your sperm would be more likely to find a uterus based simply on your anonymous portfolio stating you're wealthy, right?

 

[.hacked]

Plus, 3 mill, 1.5 after taxes.

depends who you get it from, it can be totally tax free

Really 3 mill is more than enough to live comfortably off the interest for the rest of your life.

 

[Eric P]

You're the first person to bring up the idea of helping other people (family) with the money.

are you kidding me?

by bankrolling another uwe boll movie, i help thousands of people on internet message boards focus their rage onto a single target instead of on thier wives, girlfriends, or right hands (whichever the case may be).

 

[Squirrel Killer]

Well, $3 million is not alot of money if you think you can quit your job and go live the high life off the interest. That's the trap people fall into when they win the lottery and such. Just do the simple math:

The trap they fall into is that they think they can blow money like a hooker blows johns. They buy into the image that lottery winners can have it all, when in fact, what they've won is a pile of irreplacable money that they need to manage or else they'll lose it in various boneheaded moves.

...that will get you almost $144,000 income, pretty good, buy you won't live like a king on that. But to play it safe, let's say you think you can lead a nice middle class life on $100,000/year, remember, you aren't working, so you pay all your medical insurance, life insurance, etc. yourself.

Move to someplace cheaper to live. My wife and I together make well under $100k and live pretty damn well, and that's with paying for my daughter's and my medical insurance and a savings plan that makes our financial guy drool. Drop the savings and the life insurance and we'd have more money than we know what to do with.

So bottom line, is $3 million alot of money, it depends on what you want to do with your life.

Unless you have no concept of the value of money, $3mil is a lot of money. If morphix, who's actually hashed this out as opposed to our back of the napkin calculations, is saying it's possible, I'll take his word.

 

[PhoenixDark]

*coughs*

:lol

Phoenix am officially braindead today. Between the coke and pedophilia, I don't know what is real anymore.

 

[evil solrac v3.0]

pay off all my debts (HIGHEST PRIORITY)
open up an art studio/art school
set up select menbers of family financially
INVEST INVEST INVEST!!
buy a house and fully furnish it with all the toys i want /need.
uh...... invest?
i need ideas GAF!!
travel
go back and finish school.
then just work on my art work and get work as an illustrator/art teacher.
then buy love...

 

[BobJustBob]

"Nothing."

 

[AirBrian]

:lol

Phoenix am officially braindead today. Between the coke and pedophilia, I don't know what is real anymore.

Sounds like a typical day for the life of a Kobe-lover.

 

[PhoenixDark]

Sounds like a typical day for the life of a Kobe-lover.

I'm no Kobe lover. Well, I like him, but I don't love him or what's happening in LA. You must have missed my "Trade Kobe" one-man movement. :lol

 

[sonicfan]

The trap they fall into is that they think they can blow money like a hooker blows johns. They buy into the image that lottery winners can have it all, when in fact, what they've won is a pile of irreplacable money that they need to manage or else they'll lose it in various boneheaded moves.


Move to someplace cheaper to live. My wife and I together make well under $100k and live pretty damn well, and that's with paying for my daughter's and my medical insurance and a savings plan that makes our financial guy drool. Drop the savings and the life insurance and we'd have more money than we know what to do with.


Unless you have no concept of the value of money, $3mil is a lot of money. If morphix, who's actually hashed this out as opposed to our back of the napkin calculations, is saying it's possible, I'll take his word.

All I was pointing out was that you won't lead the life of some NBA superstar or big rock star with the big houses, fancy cars, and jewerly. But if you are living on your own and make $50,000 a year and are pretty happy now, you could live what should be the easy life very nicely with $3 million in the bank. But if you go blow your first million on that velvet Elvis painting collection you always wanted and another 50 grand pimping your 93 honda civic, well, you might end up having problems down the road......

 

[demon]

Pay off all my debts. Invest half of it. Buy a nice condo somewhere on the edge of a nice city. Travel for a long while.

 

[OpinionatedCyborg]

1 million to charity, 1 million invested, 500,000 for my own personal enjoyment, 250,000 for my family's enjoyment, and 250,000 as low-risk buffer.

After buying a few nice cars, travelling a little bit, buying couple state-of-the-art computers, and buying a decent house for myself, there's not a whole lot I want that I don't have right now. As long as I have access to a good education (which I already do, expenses paid courtesy of mommy and daddy), I'm happy.

 

[TheQueen'sOwn]

Honestly... buy real estate in Kauai. I'd double my investment in no time !

*sigh.. need money to make money...*

 

[MIMIC]

But seriously:

$10,000 to charity
$100,000 for a nice-ass sports car
$500,000 for a nice house

I would invest a large chunk of it and share with my family.

 

[Chony]

But seriously:

$10,000 to charity
$100,000 for a nice-ass sports car
$500,000 for a nice house

I would invest a large chunk of it and share with my family.

What car would you get?

 

[mrmyth]

Max my credit cards - then overpay each of them by .05 cents and make them spend the postage sending me a refund check.

Invest a mil for safekeeping and generate interest.

Real estate.

Hand out debit cards attached to 100k interest earning accounts to family/friends. No checks - I know these people. Tell them , "Your shit is earning you money right now, but if you spend it all, its gone. For good."

Hire security to fend off broke family/friends.

 

[MIMIC]

What car would you get?

I seriously have no idea. I'm hardly a car connoisseur. I'd be satisfied with an Escalade.

I would probably go to the dealership and just get whatever looks nice. I'd probably re-watch an episode of MTV Cribs to get some hints. =p

 

[mrmyth]

I seriously have no idea. I'm hardly a car connoisseur. I'd be satisfied with an Escalade.

I would probably go to the dealership and just get whatever looks nice. I'd probably re-watch an episode of MTV Cribs to get some hints. =p

Lottery you say? You don't know cars? Well, lemme help you out......



250k later......

 

[MIMIC]

:lol

All I know is that I'd get either an Audi or a Jaguar.

 

[Squirrel Killer]

All I was pointing out was that you won't lead the life of some NBA superstar or big rock star with the big houses, fancy cars, and jewerly. But if you are living on your own and make $50,000 a year and are pretty happy now, you could live what should be the easy life very nicely with $3 million in the bank. But if you go blow your first million on that velvet Elvis painting collection you always wanted and another 50 grand pimping your 93 honda civic, well, you might end up having problems down the road......

Sure, if "live the high life" and "live like a king" = "piss money like free beer" then $3 mil in the bank isn't going to be enough. Then again, $3 mil/year wouldn't be enough either. The fact remains that if you have $3 mil in the bank and half a brain in your head, you can live very, very nicely.

 

[sonicfan]

Sure, if "live the high life" and "live like a king" = "piss money like free beer" then $3 mil in the bank isn't going to be enough. Then again, $3 mil/year wouldn't be enough either. The fact remains that if you have $3 mil in the bank and half a brain in your head, you can live very, very nicely.

You are assuming that the average person has even a half a brain in their head......


Eight Lottery Winners Who Lost Their Millions



..............Willie Hurt of Lansing, Mich., won $3.1 million in 1989. Two years later he was broke and charged with murder. His lawyer says Hurt spent his fortune on a divorce and crack cocaine............


................Missourian Janite Lee won $18 million in 1993. Lee was generous to a variety of causes, giving to politics, education and the community. But according to published reports, eight years after winning, Lee had filed for bankruptcy with only $700 left in two bank accounts and no cash on hand...........

Just follow the link to read the rest of them. I couldn't really tell you how much of a brain any of them had.

 

[Squirrel Killer]

You are assuming that the average person has even a half a brain in their head......

Trust me, I already know.

 

[NinSoX]

Eight Lottery Winners Who Lost Their Millions

[\QUOTE]


See that Morphix?

 

[aoi tsuki]

i'd help my mom and close family out, buy a lot of crap for myself, and travel. After months of random booze, drugs, women, and the photos and video to prove it, i'd return home and try to make sense of it all. i'd also be a million lighter.

 

[Vormund]

I don't think 3mil is really a lot of money either. Sure, I'd love to have it, but I realize that you could use it up really quickly.

That said: I'd buy houses.

 

[alejob]

Like people have said, I would:

Keep 2 million and live of the interests.
Buy/build a nice but not huge house.
Buy two cars, a hybrid/hidrogen/etc and an SUV or truck.
I don't know, I would get a 4 wheeler. Use the money to do fun stuff.
Keep working where I'm working now, but I'll make sure I could take a lot of time off if I wanted to.
I would help my family out, but I would set it up so they would get a certain amount of money every month or year(atleast my bro and sister). My parents I trust more so I could do something different.

 

[.hacked]

I know people who have pissed away that much money in a few years. If you want it to last you have to set up some limts.

Face it if you need more than $100k a year to live off of then you got problems.

No on 3mill you won't live like a rock star, but you can live a very comfortable upper middle class life without the stress of having to work or ever worrying about money ever again.

I have run the numbers, most people can live on $35k a year anything over that is going to luxuary items. Bank that 2.5mill, you can eaily make 130k a year off of it, pay Uncle Sam his chunk and you are still ahead of most people out there and you don't have to lift a finger.

Take the extra 500k and pay off your debts, buy yourself a nice house, a few cars and all the toys you want.

edit:

Oh and what ever you do don't pay off your home. You will need the tax break, get a financial advisor too

 

[emomoonbase]

I'd buy name brand cereal instead of this generic shit.

 

[HyperZone<3]

I'd buy name brand cereal instead of this generic shit.

GOOD answer. The store-brand Lucky Charms just aren't the same.

 

[Flynn]

I've got a friend who is busting his ass to go to college. I'd buy him a new car and make sure he goes to grad school.

 

[sscrew]

I'd buy name brand cereal instead of this generic shit.

:lol

Invest a million.

Buy a house and furnish it. Buy a car. Trail bike. etc. with a million.

Look for the longest shot odds in a sporting event, bet the last million and make billions :lol

 

[Taichu]

Buy my way into high *burp* society.

 

[Widfara]

Backpack around the world for like 4 years straight. Wandering monk style.

yeah that's a great idea, in fact that's my ultimate goal in life. and picking grapes in spain

 

[AntoneM]

Run for office in the Senate, yes THE Senate, none of this state shit.

I guess money has always been a means for me, not an end.

 

[Raven.]

Well, It'd probably hasten by a few months, at most, one of my longterm projects... Now if you said 30-300B, now that could hasten things quite a bit.

 

[NinSoX]

I'd also like to add that I'd go to my University and say a big "FUCK YOU" to my co-operative education coordinators. Then spit on their door handles.

 

[Cloak]

Move to a suburb, buy a 500-700K house, and collect interest for the rest of my life. I'd work in a day care, do volunteer/social work, and write.

 

[Brannon]

What would I do? Hire a financial planner and listen to his/her advice.