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Titana
2006-Jan-27, 05:08 PM
Hummm...if I ever had the opportunity to have a million dollars, I think the first thing I would do is invest the money in some kind of business that definitely would double my money. Afterwards, I would do something I have always wanted to do, and that is, to put up a giant animal shelter to help out all the poor little homeless and sick animals that are on the streets.......;)



What would you do if you had a million dolllars?.....:D



Titana.

SeanF
2006-Jan-27, 05:13 PM
I'd buy you a green dress.


But not a real green dress - that's cruel.

Titana
2006-Jan-27, 05:17 PM
I'd buy you a green dress.


But not a real green dress - that's cruel.



:confused: Naaaa! save the money and go by yourself some green underwear....



Titana.

Moose
2006-Jan-27, 05:19 PM
Mmmm. Ketchups.

Semi-seriously, that would immediately become the backbone of my retirement savings. Half of the interest would be rolled into the capital. Half would suppliment my modest income.

Moose
2006-Jan-27, 05:22 PM
Titana: If the Barenaked Ladies Had a Million Dollars... (http://server1.lyricsondemand.com/b/barenakedladieslyrics/ifihadlyrics.html) (which, come to think of it, they probably all do by now).

Kelfazin
2006-Jan-27, 06:00 PM
What would you do if you had a million dolllars?

a few things come immediately to mind.

1. Open a telescope and science store
2. Buy about 20 acres of land waaaay away from the city lights, put a small trailer on it, put down a nice thick cement pad, and set up my brand new Meade 20 Inch RCX400 Advanced Ritchey-Chretien (http://www.buytelescopes.com/product.asp?m=&pid=10308&display=images) scope with a nice dome cover.


oh yea..and a Ford GT-40..in black :D

The_Radiation_Specialist
2006-Jan-27, 06:15 PM
What would you do if you had a million dollars?
you mean US dollors, or Aussie dollors? :D

Doodler
2006-Jan-27, 06:40 PM
I'd drop $500,000 on 2.5 acres of industrial zoned property 1000 feet from any school, library, church or gravesite, and spend the another $400,000 building my bar, with the remainder going into permitting fees, legal fees, and initial operating capital.

:cool:

jrkeller
2006-Jan-27, 06:56 PM
I'd put 50K into my two younger kids college funds.

I'd put 500K into a trust fund for my older daughter who has Down Sydrome, to make sure that she's always taken care of.

Pay off my house and car.

After that I'd probably give the rest away to various charities, especially ones that buy land for conservation purposes.

LurchGS
2006-Jan-27, 07:05 PM
well, I'd put 100K each into scholarship funds for the kids, to roll over into an anuity after they leave school.

Pay off the house

Build a GOOD house

buy a good computer

set up scholarships for my nieces and nephews (maybe 30K each)

Tell any and all charities to go take a flying leap and a rapidly rotating torroidal pastry.

remainder into a series of CDs and market accounts

hippietrekx
2006-Jan-28, 04:48 AM
Hmmm... If I had some unknown relative that was rich and stupid enough to leave all of his money to a sixteen-year-old girl he never met, what would I do?

First I'd pay off my parents' debts and let them buy a house they actually like. With the remaining $700,000 I'd pick a college to go to and not worry about money. Then I'd get myself a house or something for around $125,000 (I don't want a big house: more to clean. And why do I need all the room? Plus around here $125,000 would get a pretty good house.) and invest/donate/create a scholarship with the other $500,000. Ta-da. I'd probably buy a laptop somewhere along the line. And a car. That could come in handy.

I just realized that I'm kinda weird. Most kids would go out and buy crap. I don't even want a new PC. Mine's three years old, but it does what I need it to. Ya.

--hippie

paulie jay
2006-Jan-28, 04:58 AM
I'd buy a hundred million penny candies.

Titana
2006-Jan-28, 05:50 AM
I'd buy a hundred million penny candies.




That sounds quite interesting......:p




Titana.

teri tait
2006-Jan-28, 06:15 AM
I would buy myself a quancet hut, always wanted one of those.

Then I'd give the rest to my parents.

Metricyard
2006-Jan-28, 06:49 AM
One million dollars doesn't go that far nowadays. After taxes, you'd probably be left with $600,000 dollars. That wouldn't take long to splurge on that.

I want one of those streched Humvee limousines. Actually, I want 10 of them. Then you'd need a massive large garage to store them. And a house attached to it. A very large house. A 10 bedroom house. Each bedroom equipped with a full bath. Might as well throw in a dog house and bird house. I was going to also include a cat house, but that might be considered rude.

Better make it 10 million, just to be on the safe side.

paulie jay
2006-Jan-28, 07:07 AM
That sounds quite interesting......:p




Titana.


Aye, my tooth'd be a sweet one :)

Candy
2006-Jan-28, 07:15 AM
I was going to also include a cat house, but that might be considered rude. Growing up in my grandparents home, they had an attached building called the cat house for the fat cat, Monster. It had a little opening in the corner of the door for the cat to safely enter his way into the main home via garage and breazeway. I never realized it had a totally different meaning, until I got older. :lol:

Van Rijn
2006-Jan-28, 07:28 AM
One million dollars doesn't go that far nowadays. After taxes, you'd probably be left with $600,000 dollars. That wouldn't take long to splurge on that.


Yep. Around here, a good (but pretty average) house in a nice neighborhood with more than a postage stamp of land runs over a half million. I drive by million dollar homes every day - but unless you understood the market you wouldn't know it. What I used think of as the "high end" homes cost more than a million, and the really nice ones on a bit of land will be in the five million range.

And this is one of the cheaper housing markets in California.

Wolverine
2006-Jan-28, 09:40 AM
I'd build a wicked observatory with a primo imaging rig and invest the rest.

Thomas(believer)
2006-Jan-28, 10:53 AM
If I had that amount of money, then I don't think I had to worry about money the rest of my life. So, I don't think I would do much with it.

Argos
2006-Jan-28, 12:53 PM
hmmm... One million dollars ainīt much of a money nowadays. Life would go on. Now with 100M it would be possible to establish a foundation for sponsoring science and astronomy high profile education, which is my dream.

Archernar7
2006-Jan-28, 01:16 PM
Buy a 12" Celestron telescope with all the goodies/private backyard observatory.

Pay off debt, house and get a new car.

And invest the rest.

Gullible Jones
2006-Jan-29, 03:01 AM
Give it to someone who actually needed it.

Halcyon Dayz
2006-Jan-29, 04:19 AM
Me, me, me, me! http://www.cosgan.de/images/midi/froehlich/g005.gif

kleindoofy
2006-Jan-29, 04:43 AM
What would I do if I had a million dollars?

I'm not really sure. I'm only sure of one thing: nobody would find out that I even had it, not to mention what I would do with it.

Vaelroth
2006-Jan-29, 05:19 AM
Invest it into a 30 year bond, with the interest going to a seperate account. All income from work would go to debts and life expenses, so the interest from the million could go to luxuries. Restart the 30 year bond when it expires and live on the interest and whatever retirement plan I wind up with. The million would be willed to my kids whenever I kick the bucket.

randb
2006-Jan-29, 05:26 AM
I'd start a real-estate business.... You can never loose money in that!!!!!

Vaelroth
2006-Jan-29, 04:39 PM
Yea you can...

The Incredible Bloke
2006-Jan-29, 04:57 PM
I want one of those streched Humvee limousines.

Ugh! Those things are a sin against man and nature!:eek:

With my milliion dollars I will buy a large, tracked armored vehicle to crush your motorized abomination.:D

Fraser
2006-Jan-29, 05:11 PM
It's kind of scary, but $1 million doesn't really buy much any more. You could get a reasonable house in Vancouver. Not something really nice, but still inside the city.

Dragon Star
2006-Jan-29, 05:18 PM
I would disappear (I'd still hang around BAUT though.):)

Candy
2006-Jan-29, 07:47 PM
I would disappear (I'd still hang around BAUT though.):)There are ways of finding you. :whistle:

Dragon Star
2006-Jan-29, 07:48 PM
There are ways of changing my IP address as well, if thats what your thinking.

Candy
2006-Jan-29, 07:59 PM
There are ways of changing my IP address as well, if thats what your thinking.
Maybe. :liar:

With a million dollars, I'd have all kinds of fancy gadgets. I'm a lover of technology. :D

The Supreme Canuck
2006-Jan-29, 08:05 PM
Hm, let's see...

Pay off student loans. Invest the rest.

Wow. I'm boring...

kucharek
2006-Jan-29, 08:07 PM
Very bad question for me at the moment. Due to some improbable chain of events, I learnt to know an intelligent, beautiful young woman in a dark corner of the WWW. Improbably, I fell in love to her and even more improbably, she fell in too. She is far and due also to other reasons, we both know, there will be no common future. In long talks I meanwhile learnt, that her circumstances of life are the most brutal and humiliating I have ever heard of and since her childhood she knows only hate,hurt,pain and abuse. She is ill, in body and soul and if I only had $50000, I may be able to help her to move away from the place she lives to a bigger town, get some professional medical and psychatric treatment and some nurse for her kid she loves so much and who is the only reason for her she is still alive. With the money, I could support her a few years until she has recovered, if she ever could recover. But I need a million, because she never wants to take something from me, as she knows I need my income for me and my kids. But with one million, I may be able to show her that she isn't taking something serious away from me and so she might accept. But currently, prospects are meager and I'm afraid, she might not survive this year if I can't find help for her.

Harald

Dragon Star
2006-Jan-29, 08:11 PM
Buying a small personal aircraft would be nice as well, just go tour around the world, that would be a lot of fun.

Candy
2006-Jan-29, 08:14 PM
Wow, Harald, I've never heard you talk this way before. Your story sounds like Lurker's and his Persian. :(

Dragon Star
2006-Jan-29, 08:15 PM
Very bad question for me at the moment. Due to some improbable chain of events, I learnt to know an intelligent, beautiful young woman in a dark corner of the WWW. Improbably, I fell in love to her and even more improbably, she fell in too. She is far and due also to other reasons, we both know, there will be no common future. In long talks I meanwhile learnt, that her circumstances of life are the most brutal and humiliating I have ever heard of and since her childhood she knows only hate,hurt,pain and abuse. She is ill, in body and soul and if I only had $50000, I may be able to help her to move away from the place she lives to a bigger town, get some professional medical and psychatric treatment and some nurse for her kid she loves so much and who is the only reason for her she is still alive. With the money, I could support her a few years until she has recovered, if she ever could recover. But I need a million, because she never wants to take something from me, as she knows I need my income for me and my kids. But with one million, I may be able to show her that she isn't taking something serious away from me and so she might accept. But currently, prospects are meager and I'm afraid, she might not survive this year if I can't find help for her.

Harald

That is indeed horrible Harald, sad to hear, but be careful when helping people financially, it could be a scam, but if true it is indeed a terrible thing.

turbo-1
2006-Jan-29, 08:32 PM
I've already got a Harley, a beat-up little pickup truck that runs like a top, a little log house in the country that's easy to heat and a loving wife. I wouldn't change a bit of that, but I would build a nice observatory for my 6" APO and add a fairly large RC scope with auto-guiding and imaging capabilities. I would ask local schoolchildren to compete for imaging time on the RC, get them interested in projects like monitoring galaxies for supernova, etc, and see if I could get some of them interested in becoming astronomers.

We don't need much money to live on, so I could probably invest much of the money and use the returns to help some of the little rascals go to college.

kucharek
2006-Jan-29, 08:52 PM
That is indeed horrible Harald, sad to hear, but be careful when helping people financially, it could be a scam, but if true it is indeed a terrible thing.
Of course, I was very careful. But I've witnessed enough to be sure it is not a scam. Gee, I would have been glad if it would have been one.

Dragon Star
2006-Jan-29, 09:00 PM
Ok, just wanted to make sure you were reminded of the risks envolved.

ocasey3
2006-Jan-30, 07:04 AM
I am going to assume that the million bucks is what I am left with after taxes and such. :)
500 grand would go right into investments, solid and not too risky, just keep compounding up the interest, and also some real estate in the Keweenaw of the U.P.. Then I would pay off all my debts, buy an RV, put my stuff into storage, grab my animals and my gal and hit the roads of the US and Canada. I think a trip of a year would be awesome.
After the trip I would get both our behinds back in school to get the degrees we really want.
Then when we are ready, we build or buy the Inn of our dreams and run that in our retirement. But, I intend on using a fair portion of the money for travel in general. I like the idea of a personal observatory quite a bit though.

It may seem I am unrealistic in just how much I think a million would go. Naw, I just know how to make money streeeetch, without being too much of a cheapskate. :D

Gruesome
2006-Jan-30, 12:59 PM
What would you do if you had a million dollars?

I'll tell you what I'd do, man, two chicks at the same time, man.

That's it? If you had a million dollars, you'd do two chicks at the same time?

Damn straight. I always wanted to do that, man. And I think if I had a million dollars I could hook that up, cause chicks dig a dude with money.

Well, not all chicks.

Well the kind of chicks that'd double up on a dude like me do.

Good point.

Well what about you now? what would you do?

Besides two chicks at the same time?

Well yeah.

Nothing.

Nothing, huh?

I'd relax, I would sit on my *** all day, I would do nothing.

Well you don't need a million dollars to do nothing, man. Just take a look at my cousin, he's broke, don't do &#&!

SHAKESPHERE
2006-Jan-30, 01:24 PM
Without trying to sound like a goody two shoes, i'd probably spend most of it trying to make a small difference to the lives of those in grinding poverty. I have a good job that I enjoy, a house bought and payed for,a loving family, and my health. ( plus at least 20 Guitars) In truth, what the Hell do I need anything else for.

jkmccrann
2006-Jan-31, 04:10 PM
Well, as MetricYard intimated, I think $10m would be more worthwhile. $1m really ain't that much at the end of the day, probably everyone on this forum will earn more than $1m in their working lives, just spread out quite a bit.

But, with $10m, the easy thing to do would be to plunk it in a high-interest Internet Bank Account. No Fees. No minimum or maximum balances. One of those. They tend to provide 5-6% interest per annum.

Which would mean $500,000-$600,000 interest per year to live off, safe in the knowledge that if there's any real emergency there's still an 8 figure sum backing that up in the bank.

:)

Heid the Ba'
2006-Feb-01, 12:23 PM
But, with $10m, the easy thing to do would be to plunk it in a high-interest Internet Bank Account. No Fees. No minimum or maximum balances. One of those. They tend to provide 5-6% interest per annum.

Which would mean $500,000-$600,000 interest per year to live off, safe in the knowledge that if there's any real emergency there's still an 8 figure sum backing that up in the bank.

:)

Easy things are rarely good things with money. Don't forget income tax and inflation.

Your 500-600K is gross, and taxable. The ATO would want 47% from most of it, (I'm not sure if Medicare Levy is capped or if that is another 1.5%) so you would see just over half of it, maybe 300-350K. If I have fundamentally misunderstood the Australian tax system I apologise, please correct me.

Plus if you take all the interest as income your capital doesn't grow, and in real terms it shrinks. If inflation is at 3% for 10 years then at the end of that period your 10 mill is worth 7.5 mill at today's values and your income is worth 225K.

worzel
2006-Feb-01, 12:51 PM
I'd finally have a deposit for a one bedroom cupboard.

jkmccrann
2006-Feb-01, 03:03 PM
Easy things are rarely good things with money. Don't forget income tax and inflation.

Your 500-600K is gross, and taxable. The ATO would want 47% from most of it, (I'm not sure if Medicare Levy is capped or if that is another 1.5%) so you would see just over half of it, maybe 300-350K. If I have fundamentally misunderstood the Australian tax system I apologise, please correct me.

Plus if you take all the interest as income your capital doesn't grow, and in real terms it shrinks. If inflation is at 3% for 10 years then at the end of that period your 10 mill is worth 7.5 mill at today's values and your income is worth 225K.

No, you are quite correct there with your figures, have you lived down under? (or is your address in fact Dunedin, South Island?), but believe me, that's one bridge I'll cross when I get there. ;)

If I can parlay my current situation into $10m, then I don't think I'll have too many troubles working something out. Like starting a company and throwing lavish parties for my `business associates' and writing them off as tax expenses?

I don't know, I have a few years yet...............

Eric Vaxxine
2006-Feb-01, 03:28 PM
Ģ560,000 would allow me to finish the house in Poland and clear up the money we owe on our Flat, vehicles, loans, credit cards etc.

If I was to invest in the interest of others, it would be a school that under privileged youngsters could go to to study topics they don't get at school. Stars, Fossil Hunting, Music and Foreign Languages.

SolusLupus
2006-Feb-01, 03:43 PM
I'd spend about 10% of the $1 million on things I really want. But I wouldn't buy, like, a $10,000 dollar bed or anything as silly as that. But I would buy a nice large home, decent supplies (especially for work, etc.), and a decent computer. I'd then throw 50% of the total in the bank, and save it for "a rainy day". The other 40% would also be in the bank, but that would be "spending money". Then I'd relax until my spending money got a little low. However, I'd still keep a decent job, and I wouldn't go to lavish resteraunts; I'd basically conserve what I could with the money.

In short, I'd use $1 million just to relax. Though I would also spend a decent amount of it on charities, though I'm not sure on what percentage at the moment.

Argos
2006-Feb-01, 03:57 PM
Easy things are rarely good things with money. Don't forget income tax and inflation.

Sometimes itīs not much of a problem (http://www.news.com.au/story/0,10117,18005181-13762,00.html)...

The Mangler
2006-Feb-03, 03:33 AM
Sometimes itīs not much of a problem (http://www.news.com.au/story/0,10117,18005181-13762,00.html)...
That's one problem I wouldn't mind having.

peter eldergill
2006-Feb-03, 04:27 AM
Mangler...is your name from a movie from the 90's? Just curious...I recall seeing a movie of that title aroud 1997 or so

Pete

The Mangler
2006-Feb-04, 12:35 AM
Mangler...is your name from a movie from the 90's? Just curious...I recall seeing a movie of that title aroud 1997 or so

Pete
No, it's a nickname some of the guys at work gave me. I like break stuff. lol

ToSeek
2006-Feb-14, 10:59 PM
Growing up in my grandparents home, they had an attached building called the cat house for the fat cat, Monster. It had a little opening in the corner of the door for the cat to safely enter his way into the main home via garage and breazeway. I never realized it had a totally different meaning, until I got older. :lol:

My wife's best friend runs a place in Maine that takes care of cats while their owners are on vacation. They have t-shirts that say "Best Little Cat House in Maine." ;)

kucharek
2006-May-24, 03:49 PM
That is indeed horrible Harald, sad to hear, but be careful when helping people financially, it could be a scam, but if true it is indeed a terrible thing.

A month ago, I finally met her for a few days. Not the slightest sign of a scam. The four days we spent together were much too little, but at least we found out that our feelings for each other stood this reality test. For someone with such a hard fate, she is an incredible sensible woman who suffers a lot, but rarely complains. How we continue is pretty open, but that we want to continue we are sure of.

Some pictures of my trip are at http://www.flickr.com/photos/hk1963/ Of course, I post none of her.

Dragon Star
2006-May-24, 08:08 PM
A month ago, I finally met her for a few days. Not the slightest sign of a scam. The four days we spent together were much too little, but at least we found out that our feelings for each other stood this reality test. For someone with such a hard fate, she is an incredible sensible woman who suffers a lot, but rarely complains. How we continue is pretty open, but that we want to continue we are sure of.

Some pictures of my trip are at http://www.flickr.com/photos/hk1963/

Thanks for the update...glad to hear it!


Of course, I post none of her.

Jerk.:p