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What I Would Do With A Million Dollars…

So, have you ever thought about what you would do with a million dollars? I have. I’ve never actually written it all out, however. So, today I aim to figuratively spend $1,000,000 right here and now. I’d love for you to share with me in the comments, when you’ve finished reading, some of the things that YOU would do with $1,000,000 if you had it. 🙂 I can’t wait to hear it!

Setting Myself Up

The very first thing I would do, as selfish as it may seem, is set myself and my little family up with all of the things we need. It goes as follows:

  • Purchase Us A Home (Ideally a 4 bed, 2 bath, with LR, DR, Kitchen, and Office), with about 10 acres of land. – Average Cost: About $250,000 (*based on estimates on Trulia of homes around what I would like)
  • Purchase me and Bobby each the vehicles we’d like to own -Average Cost: About $60,000
  • Set my daughter up a savings bond for $40,000 for her college education

Total Costs so far: $350,000

Setting Other People Up

The next thing I would do is to set up my close loved ones so that they could also be doing well off, or at least better off then they are. I would give $10,000 to my younger sister, my sister-in-law, my father-in-law, my dad & step mom together, and my step dad. I would then give $10,000 to two close personal friends of mine who will remain nameless so no one can feel left out. haha.

Total Costs For This Section: $70,000
Total Costs So Far: $420,000

Donations

I always wish I could give more to charities, and if I had $1,000,000, I would donate to the following charities:

  • Mofit Cancer- $25,000
  • Diabetes Association- $25,000
  • Angel Tree- $20,000
  • Children’s Hunger Fund- $50,000
  • Humane Society- $20,000

Total Costs For This Section: $140,000
Total Costs So Far: $560,000

Investments

Of course, having all of that money and not making some extra money off it would just be plain silly. I mean, don’t I want something to be left behind for my family, generations from now, if possible? So, of course, I’d make some investments. Check it out.

  • Set Myself Up With A Book Store/Cafe- $200,000
  • Purchase about 5 2/3 bedroom homes around $30,000 each to transform into rentals- $150,000
  • Put $50,000 into a bond to create more cash- $50,000
  • Put the other $40,000 into the bank and let it sit there until I needed it 🙂

There! I spent $1,000,000!!!! I think I did a good bit with it, don’t you? Now I want to hear what YOU would do with that much money! Tell me all about it in the comments below!

 

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4 Comments (+add yours?)

  1. Dixie's Ranter
    Jun 16, 2013 @ 12:44:04

    Those are fantastic ideas Audra! You know, you made me remember about a homeless camp a few hours north of here…maybe part of that $40,000 I didn’t spend in the article should go towards something like you said 🙂 I didn’t think of it at the time. I also love your big lotto idea.Personally, If I hit one of those really big lotteries, I would set up ‘care centers’ (soup kitchen/food donation/clothing donation- we have them in Florida), at all of the worst N.A. Reservations, but I would add book donations and sleeping cots to the care centers…I would probably end up adding one to A.C. and Tampa also…. hmmm…. I think we should start playing the lottery together. If we won big we could make a really huge difference, especially since our ’causes’ are individual and therefore our reach would be widespread 🙂 lol

    Reply

  2. adtrosper
    Jun 16, 2013 @ 12:12:56

    Oh and if I won a huge lottery (you know one of those 65 million dollar ones) I would start up a nursing home for medicare patients only that was actually nice, comfortable, and where the elderly could being their pet with them.

    Reply

  3. adtrosper
    Jun 16, 2013 @ 12:10:37

    Much like you, I would purchase a home and vehicles first (nothing fancy), then help family members. I would donate a large chunk to my local humane society (not the big Humane Society of America). Rather than donate to large organizations where most of the money will be soaked up by administrative costs, I would do other things. One would be to go to my local farm stores and buy as many coveralls and warm heavy socks as I could in as many different sizes, then stop at a fast food place and buy up a bunch of gift cards. I would then take a truck down to where a lot of the homeless congregate in the winter and hand out coveralls, warm socks and a gift cards.

    I would buy a new couch (because I desperately need one) and then invest whatever was left after all of that.

    Reply

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