What would you do if you won $ 1 million in the lottery?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
| Pay off mortgage. Invest the rest. Downshift. |
Anonymous
| Invest it for the kids' college funds. |
Anonymous
|
1. Pay off house
2. Take a really nice trip somewhere 3. Invest half the rest and put the other half in savings |
Anonymous
|
1. Pay off half of house (200k)
2. Set aside enough to cover day care until K (2 years, 50k) 3. Savings (100k) 4. College funds (200k) 5. Fund vacation account for 10 years (50k) Wow, it's easy to spend that much money! |
Anonymous
|
Put some towards college, spend some on home improvements, and just save the rest (maybe $300k).
$300k is close to our mortgage, but the interest rate is less than 4%, so investing the $300k as opposed to paying off the mortgage is probably a better choice. |
Anonymous
|
1. I would buy the pre-paid college plan for my own child and my nephew.
2. Pay off all consumer debt. 3. One super vacation 4. Charitable donations to my two favorite charities. |
Anonymous
|
Hmm. We are almost 50, our only debt is the mortgage. We drive really old cars though and have two kids approaching college (though we've saved a good bit for that). I would:
1. Consult financial advisor to determine whether it was better to invest at least half of it or pay off the mortgage. 2. Buy 2 new cars, get some new furniture, spruce up the house, redo the kitchen. 3. Take some nice family vacations. |
Anonymous
| leave my husband |
Anonymous
| Invest it all. |
Anonymous
| Quit my job. Sell my house. Move to a warmer climate. Go back to grad school. Get a mommy lift. Invest the rest. |
Anonymous
| I would assume 1/2 wouod go to taxes so I would just use it as a nest egg and keep living my life. I would save it all. |
Anonymous
| No mortgage or other debts so would invest it according to the allocation I currently use. |
Anonymous
| Down payment on a house, start college find for my baby, take a nice family vac vacation, furnish new house, Save and invest the rest. |
Anonymous
| Pay off our debt including mortgage and quit my day job to really focus on building my freelance/self owned business. |
Anonymous
| Invest it for retirement and college. I would be able to stop saving for retirement and college and my budget would loosen tremendously. |