Dirtyhip Posted August 6, 2020 Share #1 Posted August 6, 2020 What would you do? Link to comment Share on other sites More sharing options...
Longjohn ★ Posted August 6, 2020 Share #2 Posted August 6, 2020 Install central heating in my house. 4 Link to comment Share on other sites More sharing options...
Mr. Silly Posted August 6, 2020 Share #3 Posted August 6, 2020 Pay off the mortgage. Pay off the car loan. Buy a new driveway. I'd by you monkey. Haven't you always wanted a monkey? 1 Link to comment Share on other sites More sharing options...
Randomguy Posted August 6, 2020 Share #4 Posted August 6, 2020 1 Link to comment Share on other sites More sharing options...
BR46 Posted August 6, 2020 Share #5 Posted August 6, 2020 The exact same thing I'm doing now 1 2 Link to comment Share on other sites More sharing options...
Longjohn ★ Posted August 6, 2020 Share #6 Posted August 6, 2020 1 minute ago, Mr. Grumpy said: Pay off the mortgage. Pay off the car loan. Buy a new driveway. I'd by you monkey. Haven't you always wanted a monkey? I had a girlfriend with a pet monkey. They are cool but pets are full time. I don’t want a full time monkey. 2 Link to comment Share on other sites More sharing options...
shootingstar Posted August 6, 2020 Share #7 Posted August 6, 2020 Sell place where I am and move permanently along with dearie to place of our choice. What a question during covid. Can't do international travel, not even see my own family in another province,,,or not even take in person art courses. Link to comment Share on other sites More sharing options...
ChrisL Posted August 6, 2020 Share #8 Posted August 6, 2020 Probably buy some fun shit, give some to family and put the rest in a retirement fund. 1 Link to comment Share on other sites More sharing options...
Bikeguy Posted August 6, 2020 Share #9 Posted August 6, 2020 4 minutes ago, BR46 said: The exact same thing I'm doing now Yeah that was going to be my response. I don't see any reason to do anything different. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted August 6, 2020 Share #10 Posted August 6, 2020 I wonder if that concert above was inside somewhere close ...to home. Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted August 6, 2020 Share #11 Posted August 6, 2020 21 minutes ago, Longjohn said: Install central heating in my house. and burn dollar bills? 1 Link to comment Share on other sites More sharing options...
ChrisL Posted August 6, 2020 Share #12 Posted August 6, 2020 3 minutes ago, Bikeguy said: Yeah that was going to be my response. I don't see any reason to do anything different. Not to sound hoity toity but yeah one million really isn’t enough to go crazy about. Other than my mortgage & one car we really have no debt so not a lot to pay off. So I’d splurge a little and bank it. Now 10 million I could really have some fun with... 1 Link to comment Share on other sites More sharing options...
ChrisL Posted August 6, 2020 Share #13 Posted August 6, 2020 6 minutes ago, shootingstar said: I wonder if that concert above was inside somewhere close ...to home. It said it was taped for WE Day in Vancouver 2010. What’s WE Day? Link to comment Share on other sites More sharing options...
Dirtyhip Posted August 6, 2020 Author Share #14 Posted August 6, 2020 Just now, ChrisL said: Not to sound hoity toity but yeah one million really isn’t enough to go crazy about. Other than my mortgage & one car we really have no debt so not a lot to pay off. So I’d splurge a little and bank it. Now 10 million I could really have some fun with... Agreed. One million is not nearly enough to go nuts. 40,000 K a year, if you want to maintain the wealth. You could draw down more, if you are older, but it really is not a lot of money. 2 Link to comment Share on other sites More sharing options...
Bikeguy Posted August 6, 2020 Share #15 Posted August 6, 2020 2 minutes ago, Dirtyhip said: Agreed. One million is not nearly enough to go nuts. But you could be 'comfortable' and be ready for that 'rainy day'. It's been raining just about all year this year. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted August 6, 2020 Share #16 Posted August 6, 2020 13 minutes ago, ChrisL said: It said it was taped for WE Day in Vancouver 2010. What’s WE Day? Je ne sais pas. I don't know. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted August 6, 2020 Share #17 Posted August 6, 2020 7 minutes ago, Dirtyhip said: Agreed. One million is not nearly enough to go nuts. 40,000 K a year, if you want to maintain the wealth. You could draw down more, if you are older, but it really is not a lot of money. It is at my age. Depending on what womaxx would id move to japan Link to comment Share on other sites More sharing options...
Bikeguy Posted August 6, 2020 Share #18 Posted August 6, 2020 14 minutes ago, ChrisL said: What’s WE Day? https://www.we.org/en-US/our-work/we-day/ 1 Link to comment Share on other sites More sharing options...
Kirby Posted August 6, 2020 Share #19 Posted August 6, 2020 If I got a million dollar windfall, I'd set a small amount (about $10,000-$20.000) aside for something fun like a trip or a splurgy purchase donate some to charities I support share some of it with family members, especially younger family members who are just starting out invest the rest for retirement 4 Link to comment Share on other sites More sharing options...
Airehead Posted August 7, 2020 Share #20 Posted August 7, 2020 I would make a donation to my school and then retire a bit early. I would buy and owner handle a world class Airedale to show at Crufts. I would add some to my investments 1 Link to comment Share on other sites More sharing options...
Allen ★ Posted August 7, 2020 Share #21 Posted August 7, 2020 Buy a new car for my brother. Regrade and bring in fresh gravel for the driveway. Buy a swank zero turn lawnmower. And fill in the pool. 3 Link to comment Share on other sites More sharing options...
Square Wheels Posted August 7, 2020 Share #22 Posted August 7, 2020 That's not much anymore. 1 Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted August 7, 2020 Share #23 Posted August 7, 2020 I’d pay off all debt, put the rest in savings/conservative investments. Save all the mortgage payments I would have made. Retire in 5 years when 55. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted August 7, 2020 Share #24 Posted August 7, 2020 33 minutes ago, Square Wheels said: That's not much anymore. speak for yourself. Link to comment Share on other sites More sharing options...
Square Wheels Posted August 7, 2020 Share #25 Posted August 7, 2020 Just now, maddmaxx said: speak for yourself. I would not pass it up, but I can't retire on that. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted August 7, 2020 Share #26 Posted August 7, 2020 1 minute ago, Square Wheels said: I would not pass it up, but I can't retire on that. You just need to be older to plan on that. Link to comment Share on other sites More sharing options...
Popular Post JerrySTL ★ Posted August 7, 2020 Popular Post Share #27 Posted August 7, 2020 Spend half on H&B then waste the rest. 1 1 3 Link to comment Share on other sites More sharing options...
Randomguy Posted August 7, 2020 Share #28 Posted August 7, 2020 1 minute ago, JerrySTL said: Spend half on H&B then waste the rest. This is your winner! 1 Link to comment Share on other sites More sharing options...
bikeman564™ Posted August 7, 2020 Share #29 Posted August 7, 2020 Sell my condo for a dollar and buy another one. Buy a Tahoe. Take 100G to play with, and invest the rest. Link to comment Share on other sites More sharing options...
Longjohn ★ Posted August 7, 2020 Share #30 Posted August 7, 2020 2 hours ago, F_in Ray Of Sunshine said: and burn dollar bills? Heating with fuel oil that’s basically what you are doing, burning electric isn’t any better. Link to comment Share on other sites More sharing options...
Tizeye Posted August 7, 2020 Share #31 Posted August 7, 2020 Reflecting on my moms account, it showed the power of dividend investment...and something to think about. Zero bonds, 100% equity currently returning 4.8% in dividends - plus has had capital gains over the years. Looking only at dividends on a $1M portfolio, that is an extra $48,000/yr income, never touching the $1M. Now consider the market action over the past few months. Sure the $1M took a hit to the $700K level...but the $48,000 continued unabated as the companied have not reduced dividends - yet, nut something to watch closely and be prepared to shift assets if necessary. 1 Link to comment Share on other sites More sharing options...
Popular Post Further Posted August 7, 2020 Popular Post Share #32 Posted August 7, 2020 I can tell you what I wouldn't do repair cranes 3 6 Link to comment Share on other sites More sharing options...
The_Karen_Cooper_Incident Posted August 7, 2020 Share #33 Posted August 7, 2020 I would give it to RG. Mudkipz 1 Link to comment Share on other sites More sharing options...
Scrapr ★ Posted August 7, 2020 Share #34 Posted August 7, 2020 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted August 7, 2020 Share #35 Posted August 7, 2020 I would donate it to the NRA. 1 2 Link to comment Share on other sites More sharing options...
petitepedal ★ Posted August 7, 2020 Share #36 Posted August 7, 2020 I would find a property..not necessarily large. But with some land. Retire...and enjoy..oh probably sell my present place put some of the $$$ away to pay for trainer sessions and yoga. Link to comment Share on other sites More sharing options...
groupw Posted August 7, 2020 Share #37 Posted August 7, 2020 Pay off my debts. Finish getting the house ready to sell. Do a little to the Miata to get it in tip top shape. Do the move we are planning since house would be paid for. A little gift to the kids and the rest invested for best return. Link to comment Share on other sites More sharing options...
Popular Post UglyBob Posted August 7, 2020 Popular Post Share #38 Posted August 7, 2020 I'll have you know I'm currently working on my second million. I gave up on the first... 2 5 Link to comment Share on other sites More sharing options...
Green Grass Posted August 7, 2020 Share #39 Posted August 7, 2020 4 hours ago, Dirtyhip said: What would you do? Work harder. Link to comment Share on other sites More sharing options...
Tizeye Posted August 7, 2020 Share #40 Posted August 7, 2020 Just now, UglyBob said: I'll have you know I'm currently working on my second million. I gave up on the first... First million is easy. Just start at $999,999.99 Link to comment Share on other sites More sharing options...
Dirtyhip Posted August 7, 2020 Author Share #41 Posted August 7, 2020 18 minutes ago, Goat Geddah said: Work harder. LOL, working hard and saving a million aint enough? 2 hours ago, Square Wheels said: I would not pass it up, but I can't retire on that. Seems like a lot of money if one is modest about living. Boston must be really expensive. 1 Link to comment Share on other sites More sharing options...
Ralphie ★ Posted August 7, 2020 Share #42 Posted August 7, 2020 I won’t have to have kraft dinner for dinner every night! 2 Link to comment Share on other sites More sharing options...
2Far ★ Posted August 7, 2020 Share #43 Posted August 7, 2020 Recalculate the retirement horizon. 1 Link to comment Share on other sites More sharing options...
Square Wheels Posted August 7, 2020 Share #44 Posted August 7, 2020 8 hours ago, Dirtyhip said: Boston must be really expensive. I live in the suburbs. I don't think you can buy a parking spot in Boston for a million. Link to comment Share on other sites More sharing options...
Square Wheels Posted August 7, 2020 Share #45 Posted August 7, 2020 I'd buy casement windows from my friend @AirwickWithCheese, but he has forsaken me. 2 2 Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted August 7, 2020 Share #46 Posted August 7, 2020 11 hours ago, Longjohn said: Heating with fuel oil that’s basically what you are doing Meh. $1500/year won't break me. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted August 7, 2020 Share #47 Posted August 7, 2020 15 hours ago, Dirtyhip said: What would you do? It would readily solve the "gap" years in my plan (currently age 56 to full, penalty free access to retirement $$$ and then SS) and let me retire immediately. But, yeah, with COVID, I might not retire until after stuff opens up and I can actually use the money for something - mostly travel. Link to comment Share on other sites More sharing options...
Tizeye Posted August 7, 2020 Share #48 Posted August 7, 2020 18 hours ago, Dirtyhip said: What would you do? I don't know Let's make up a "Go Fund Me" page for the each of us individually to see which works best. Link to comment Share on other sites More sharing options...
Kzoo Posted August 7, 2020 Share #49 Posted August 7, 2020 I will let you know what I would do with the cash as soon as WoKzoo tells me what I would do with it. 1 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted August 7, 2020 Share #50 Posted August 7, 2020 Redo all the plumbing in current house, repave driveway, buy wife a new car. Get better cars for both boys. Probably put a pool in back yard and then Invest a bit, save the majority. Link to comment Share on other sites More sharing options...
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