That sounded like such a good dream before the pandemic.
Now I donāt want to go on any trips.
I bought another house and rented it to someone else.
I would posit that it depends on where in the world you live. That sum would work out to be roughly 150 million here in Jamaica and I am sure it is worth more elsewhere.
As to what I would buyā¦ topping the list would be a huge chunk of shares in the lottery company Supreme Ventures Limited down here. They pay dividends every quarter like clockwork.
Iād buy a massive TV then melt it down and make ash trays .
A big house.
I already have a house and a car but Iād start by paying off all of mine and my husbandās debt, which is probably around $100,000. Then Iād use money to start the business Iāve been planning for several months, including materials, money for promotion, etc. After that, Iād invest more of the money and put a large chunk of it into savings.
Believe me, a million $ doesnāt go that farā¦.
Hahaha I was just thinking that. It aināt the 1980s anymore.
In the US, a decent house in a blue collar neighborhood will easily cost you $500k. There goes half your money!
Iād suggest putting your money away for a few months, pay the taxes, read a few books and learn how to manage money, if you havenāt read such books already. Putting the money away for a while will allow the excitement to fade and after that youāll be able to think more clearly.
But, once I get $1M, Iām probably going to the supermarket for some celebratory ice cream!
I would buy a house in Dc and La and live back and forth.
The bi-coastal life!!! Skip the east coast winters!!
More land around the home I live in to ensure no neighbours and as an investment for my kids
I would buy all kinds of sneakers of Nike as I am a crazy sneaker lover.
Iād take a world tour.
Iāve always fancied a wine cellar.
what about these? -
All great ideas, but buy nothing!
Invest Invest Invest!
Until your investments can support the liabilities you chose to indulge in.
How about this?
1- For how long?
2- Would you fall off the grid?
3- Which countries would you visit?
Ahem. Iām glad I didnāt have a million dollars back in Dec. 2020.
Iād probably invest most of it. Iām already investing but since itās just my extra income then the growth is slower than what I want.
Invest in assets. Why settle for a million when you can make that million make you more.