Comments on: Poll: What Would You Do If You Had a Million Dollars http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/ Helping a unique generation achieve financial independence. Thu, 09 Feb 2012 18:21:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Melanie http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-4/#comment-351623 Melanie Thu, 11 Aug 2011 05:15:31 +0000 http://genxfinance.com/?p=1916#comment-351623 What would I do if I had a million dollars....I would turn it into two million! What would I do if I had a million dollars….I would turn it into two million!

]]> By: sonia wright http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-4/#comment-243588 sonia wright Fri, 15 Apr 2011 12:16:20 +0000 http://genxfinance.com/?p=1916#comment-243588 cant believe how greedy you people are. invest and keep working? why not give up your job for someone less fortunate. charity last in the poll. god.........i hate people. cant believe how greedy you people are. invest and keep working? why not give up your job for someone less fortunate. charity last in the poll. god………i hate people.

]]> By: Jim http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-4/#comment-188322 Jim Wed, 19 Jan 2011 01:54:16 +0000 http://genxfinance.com/?p=1916#comment-188322 Folks who keep mentioning taxes. The original article says One Million Dollars CASH, AFTER TAXES!! I have no debt right now but pretty much work paycheck to paycheck with a little extra left over for some fun stuff. I would.... -Buy a condo cash for 180k -Furnish condo for probably another 20k -Not having any kids so no expenses related to that -Start my own business (All I need is about 10k to start it) -Purchase car cash for no more than 30k -Due to the dollar becoming worth less every day, I would put about 500k into precious metals (physical silver coins and bars) to be put expensive fire proof safe -Put 200k cash in safe -Put 50k in personal bank account for everyday expenses -Have 10k in cash for immediate use in wallet, under mattress, etc. I would quit my full time job and work part time and enjoy life!! Folks who keep mentioning taxes. The original article says One Million Dollars CASH, AFTER TAXES!!

I have no debt right now but pretty much work paycheck to paycheck with a little extra left over for some fun stuff.

I would….

-Buy a condo cash for 180k
-Furnish condo for probably another 20k
-Not having any kids so no expenses related to that
-Start my own business (All I need is about 10k to start it)
-Purchase car cash for no more than 30k
-Due to the dollar becoming worth less every day, I would put about 500k into precious metals (physical silver coins and bars) to be put expensive fire proof safe
-Put 200k cash in safe
-Put 50k in personal bank account for everyday expenses
-Have 10k in cash for immediate use in wallet, under mattress, etc.

I would quit my full time job and work part time and enjoy life!!

]]> By: Lisa http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-3/#comment-185297 Lisa Fri, 14 Jan 2011 19:57:47 +0000 http://genxfinance.com/?p=1916#comment-185297 I would invest enough of it to leave myself a $40,000 annual paycheck with the interest. Since I am a grad student working in international development, this would leave me enough money to continue working for some of my favorite organizations such as Water for People, the UNDP, ect. Then, I would consider what social psychologist Andrew Baidt says. We get the most happiness from giving away money. And second, he says that small steady sums lead to more happiness than large lump sums. I would give significant yet modest gifts to more of my friends and to organizations I respect. And with the remainder? Invest through Calvert mutual funds. They are a socially responsible company, and based on my personal values I would invest in entrepreneurs in Central America. Thank you, and please consider me for the Amazon gift card! I would invest enough of it to leave myself a $40,000 annual paycheck with the interest. Since I am a grad student working in international development, this would leave me enough money to continue working for some of my favorite organizations such as Water for People, the UNDP, ect.
Then, I would consider what social psychologist Andrew Baidt says. We get the most happiness from giving away money. And second, he says that small steady sums lead to more happiness than large lump sums. I would give significant yet modest gifts to more of my friends and to organizations I respect.
And with the remainder? Invest through Calvert mutual funds. They are a socially responsible company, and based on my personal values I would invest in entrepreneurs in Central America.
Thank you, and please consider me for the Amazon gift card!

]]> By: Bernz http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-3/#comment-185202 Bernz Fri, 14 Jan 2011 16:45:50 +0000 http://genxfinance.com/?p=1916#comment-185202 Well, I've seen this question raised many times. But I do believe that it all depends on individual's age. Age should be one of the factors to consider here. Middle age person like me, I would definitely invest the money in preparation for an early retirement. A more diversified portfolio of a diversified stocks of about 50%. And the rest would be ETF's and IRA. Well, I’ve seen this question raised many times. But I do believe that it all depends on individual’s age. Age should be one of the factors to consider here. Middle age person like me, I would definitely invest the money in preparation for an early retirement. A more diversified portfolio of a diversified stocks of about 50%. And the rest would be ETF’s and IRA.

]]> By: Arlene http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-3/#comment-173614 Arlene Tue, 28 Dec 2010 04:35:23 +0000 http://genxfinance.com/?p=1916#comment-173614 First, I would pay my tithes and offering. Second, I would pay the government. Next, I would go on a year vacation around the world. Since I do not have any bills, I would look for some land and build a 5 bedrooms,5 bathrooms, small living room, dining room connected to the kitchen and family room, library on the upstairs level, a balcony in the front and back, with a beautiful swimming pool, a separate carport away from the house, tennis court, and basketball court, volleyball area, picnic area, a pond to fish in, and a prayer room. Then, I will help others. First, I would pay my tithes and offering. Second, I would pay the government. Next, I would go on a year vacation around the world. Since I do not have any bills, I would look for some land and build a 5 bedrooms,5 bathrooms, small living room, dining room connected to the kitchen and family room, library on the upstairs level, a balcony in the front and back, with a beautiful swimming pool, a separate carport away from the house, tennis court, and basketball court, volleyball area, picnic area, a pond to fish in, and a prayer room. Then, I will help others.

]]> By: Linda http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-3/#comment-163285 Linda Mon, 06 Dec 2010 20:56:31 +0000 http://genxfinance.com/?p=1916#comment-163285 Pay off line of credit pay off son's student loans buy bass boat for my husband lump sums to all my children invest for retirement. Pay off line of credit
pay off son’s student loans
buy bass boat for my husband
lump sums to all my children
invest for retirement.

]]> By: Lee http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-3/#comment-153849 Lee Thu, 11 Nov 2010 13:59:59 +0000 http://genxfinance.com/?p=1916#comment-153849 Sort of torn between doing two chicks at the same time and doing nothing at all. Sort of torn between doing two chicks at the same time and doing nothing at all.

]]> By: Sarah http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-3/#comment-140574 Sarah Wed, 18 Aug 2010 21:14:10 +0000 http://genxfinance.com/?p=1916#comment-140574 First, I'd pay off the rest of my college undergrad education. Then, after I graduate, I'd marry my long-term boyfriend :) We'd help his mom get a nice house, and then we'd get a nice house too. And we'd of course donate some money to church/charity, as we'd owe our thanks to God for such a wonderful blessing. :) (note: every day is a blessing, with or without a million dollars- my thanks goes to God every day!) First, I’d pay off the rest of my college undergrad education. Then, after I graduate, I’d marry my long-term boyfriend :) We’d help his mom get a nice house, and then we’d get a nice house too. And we’d of course donate some money to church/charity, as we’d owe our thanks to God for such a wonderful blessing. :)

(note: every day is a blessing, with or without a million dollars- my thanks goes to God every day!)

]]> By: ryan http://genxfinance.com/poll-what-would-you-do-if-you-had-a-million-dollars/comment-page-3/#comment-126181 ryan Mon, 08 Feb 2010 23:44:57 +0000 http://genxfinance.com/?p=1916#comment-126181 First, I'd head on a LONG cruise so I could reflect and think about it. Then, I would put about $750,000 aside to live off of and buy a house with the $250,000. First, I’d head on a LONG cruise so I could reflect and think about it. Then, I would put about $750,000 aside to live off of and buy a house with the $250,000.

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