OK - we all have dreams and joke and such that if we won a million dollars we would quit our jobs, tell our bosses to go take a flying leap, etc.
Assuming that 50% was sucked away in taxes, what would YOU do if you won $1,000,000?
- 500,000 - taxes
- 8,000 - pay off debts
- 25,000 - new car
- 200,000 - house
- 150,000 - 6 $25K trust funds for each of my nieces and nephews
- 10,000 - fabulous vacation for me & Q
- 5,000 - fun money!
$ 111,000 - INVEST INVEST INVEST!
See, this one is really really hard for someone living in San Diego, since a half million dollars is about what you need to get a really nice house! I figured $200,000 would be a good amount to put down and mortgage out the rest, although wouldn't it be nice to just buy the damn thing outright, being a millionaire and all? Sigh.
Thanks for the nice dream, though, downeastmike!