If you would win $1M

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amother

Fri, Jul 08 2022, 10:07 am

I was watching one of the Mr. Beast clips where he was giving out millions and it got me thinking - what would I do with it.

So here goes:

Buy a house
Buy another car
Get houses to invest in
Need a new outdoor grill
Cut my hours at work

What would you do with a million?

amother

Sunflower

Fri, Jul 08 2022, 10:15 am

Similarly,
Maaser
Buy a house
Buy another car
Pay a babysitter instead of my mil (I love her, I just feel so bad like I’m taking advantage)
Invest in stocks
Buy a fall
New clothes
Go on a trip to EY
I’m sure I can think of more Wink

Edit: ooooh get a cleaning lady!

amother

Hunter

Fri, Jul 08 2022, 10:18 am

Renovate my basement and bathroom. The rest into investments

mommy3b2c

Fri, Jul 08 2022, 10:19 am

Buy a summer home

amother

Lotus

Fri, Jul 08 2022, 10:19 am

How is 1 mil getting anyone more than a house these days? 😀

Rubber Ducky

Fri, Jul 08 2022, 10:21 am

Invest more in my business

$$$$ to my kids.

Add a master bedroom to my house.

amother

Fri, Jul 08 2022, 10:22 am

amother [ Lotus ] wrote:

How is 1 mil getting anyone more than a house these days? 😀

LOL was thinking the same - I could use my mil for one house and not take mortgage I guess. (Wouldn't even be enough...)

amother

Lightpink

Fri, Jul 08 2022, 10:24 am

Pay off our mountain of debt

amother

Feverfew

Fri, Jul 08 2022, 10:26 am

First I would buy myself some jewelry.
Then I would pay off my mortgage.
Then I would invest.
Then I would buy food without worrying about the bill!

shabbatiscoming

Fri, Jul 08 2022, 10:30 am

Put money away for my child
Redo my kitchen and a few other things in my house we've been saving up for
Tzedaka
Take a few trips to a few different locations around the world

cupcake123

Fri, Jul 08 2022, 10:32 am

Maaser and then invest

4g01o

Fri, Jul 08 2022, 10:33 am

Pay off the mortgage
Put a chunk away for the kids weddings etc
Invest
Stop my job
DH can keep his 😅
2 new sheitels
Enjoy the not worrying about paying school fees, bills etc.

amother

Quince

Fri, Jul 08 2022, 10:45 am

Don't mean to be such a downer but a million dollars isn't that much money. I mean at least in Israel it's basically enough to buy one apartment and now I do not mean a house I mean in Beit Shemesh it would pay for an apartment. Since we have a home and we can afford the mortgage I would probably invest it so by the time I have more kids that are getting married I wouldn't have to worry as much. Or maybe the investment would do so well I would have a down payment to get my kids for an apartment. Now if it was 10 or 20 million then it could be fun.

amother

Currant

Fri, Jul 08 2022, 10:47 am

Maaser
Half invest in stocks
Half invest in real estate

4g01o

Fri, Jul 08 2022, 10:49 am

amother [ Quince ] wrote:

Sure but it would still be a huge help for most people here. I work in pounds. £1M would do a lot for us. Halevai

amother

Chartreuse

Fri, Jul 08 2022, 10:49 am

Hear all these plans... wouldnt work for me as a million wouldnt get me a house larger than my current apartment where I live...
But yeah, if someone just gave me 1 million dollars tax free and no strings attached I might put it towards buying a house if I could afford the taxes on it.
Otherwise I would invest it but right now I am concerned with inflation that investments might not be the way to go.
Funny enough smaller amounts are easier for me to think about spending- even amounts out of reach for me. We need a larger car BH but who has 50,000 to spend on that? (No used available unless absolutely junky).

amother

Teal

Fri, Jul 08 2022, 10:51 am

Buy house for 500K
Pay back all our debt
New wig
Invest in stocks
Set aside savings
Give the rest to family and friends who could use it

amother

White

Fri, Jul 08 2022, 10:53 am

amother [ Lotus ] wrote:

How is 1 mil getting anyone more than a house these days? 😀

How is 1 mil getting anyone a house these days? 😀

Fixed that for you Smile

CatLady

Fri, Jul 08 2022, 10:58 am

Split it among my family. It wouldn't go as far as it used to, but it would help my son and DIL pay their mortgage down, give my niece a down payment, and help the rest of my family have an easier life.

With my share, I'd buy an iMac and a new mattress and hire cleaning help. It's nice to dream...

amother

Cinnamon

Fri, Jul 08 2022, 11:00 am

$1M is not that much after taxes and maaser. We're comfortable at the moment so we would probably invest.

When I see megamillion jackpots for the lottery, that's when I dream of what I'd do. First would be huge gifts to our parents and siblings to share the wealth, so to speak. Then a foundation for tzedaka. Then I would tear down our house which is in need of repairs and start from scratch rather than patch it up. A second car would be convenient. DH could quit his aggravating job and learn full time. I could outsource the domestic chores that definitely do not bring me joy and spend more quality time with my kids and volunteering. Down the list would probably be more interesting travel involving airplane trips rather than road trips or maybe a vacation place or apartment in Israel. I can dream, can't I?

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