If you inherited $1 Million at age 35 5656 Responses

Last post: 1 year, 8 months ago | Thread started: Sep 16, 11, 7:56 a.m.

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TheeOtherJuan
What would you do? Reason I ask is because designer are special breed of humans and would like to know your thoughts, seriously.
And, yes I would consult a financial advisor first.
Sep 16, 11, 7:56 a.m. – Permalink
Continuity
I'd split it equally in three between my mum, sister and myself, donate some to causes I support from my portion, and use what's left to start a sustainable and personally rewarding business, where I can do what I love, make money from it and even provide jobs for others.
- Great idea, but 1M isn't that much– fyoucher11/4
  It doesn't need to be. Just enough to get a small start, and grow at a decent rate.– Continuity2/4
  Making sure my close family would share equally in my good fortune would be the most important for me, though.– Continuity3/4
  agree with you there....I'd share mine with the family as well....– exador14/4
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Dog-earSep 16, 11, 7:58 a.m. – Permalink
Knuckleberry
- financial advisor
- buy a house
- put rest in savings
- http://www.youtube.c…– CableStudios
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Dog-earSep 16, 11, 7:58 a.m. – Permalink
d_rek
- :D– detritus
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Dog-earSep 16, 11, 7:58 a.m. – Permalink
registe
It wouldn't be enough.
I read recently a human being to be "happy" needed about $75,000/yr avg. I remember something about $5 million over the course of a lifetime is needed.
Pay off debt to avoid unneeded interest and continue working.
- stole my thunder, but yes exactly– popfodders1/5
  how did i steal it? i wrote more accurate information before you.– registe2/5
  hahaa, yes, you did.– mikotondria33/5
  that wasn't the question– eficks4/5
  Those numbers are way too general because they don't even ask where you live, what lifestyle you lead, debt, etc.– CyBrainX5/5
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Dog-earSep 16, 11, 7:59 a.m. – Permalink
popfodders
$1M isn't a lot of money, first of all. You would not, repeat would not be able to quit your day job, if you were young and live off of that the rest of your life.
- <-- exaclty.– TheeOtherJuan1/3
  you would, 10% high interest a/c, live off the interest– Atkinson2/3
  you better be living like a pauper at 10% interest, if you can get that dude– popfodders3/3
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Dog-earSep 16, 11, 7:59 a.m. – Permalink
obsolete
go to vegas and multiply it!
- Is that what your financial advisor said?– Projectile1/3
  I'd fire that advisor, the odds are heavily against you brah– popfodders2/3
  I'd advise you to get a fast car with no top.– bulletfactory3/3
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Dog-earSep 16, 11, 7:59 a.m. – Permalink
Projectile
I'd take 20% and go travelling for as long as I could. the other 80? A house
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Dog-earSep 16, 11, 8:02 a.m. – Permalink
Handel
I think I'd spend roughly half immediately on an Italian exotic car.
- and the other half on ins., tires, brakes, and service in the fist 6 mo?– registe
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Dog-earSep 16, 11, 8:02 a.m. – Permalink
fyoucher1
two girls at the same time!
- *chicks as in baby chickens– fyoucher1
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Dog-earSep 16, 11, 8:02 a.m. – Permalink
popfodders
Yes, pay off all of your debt, purchase a reasonably priced home or flat at about $300K, invest the rest of it in energy stocks, keep your day job. Maybe take a nice vacation somewhere.
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Dog-earSep 16, 11, 8:03 a.m. – Permalink
fyoucher1
But seriously, I'd invest it. Work until I was 50 and then retire early, comfortably.
- +1– TheeOtherJuan1/2
  I'd prolly also give half of it to my daughter– fyoucher12/2
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Dog-earSep 16, 11, 8:04 a.m. – Permalink
feel
one thing i'm sure: i'll not be a designer anymore and become an artist xD
- haha
  – TheeOtherJuan
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Dog-earSep 16, 11, 8:06 a.m. – Permalink
TheeOtherJuan
Funny on one mentioned moving to another country.
- i probably would. at least get the fuck outta texas.– johnny_wobble1/3
  Oh, that's a given for me. I'd high-tail back to Europe faster than you can blink.– Continuity2/3
  your perception of your home country changes without its financial burdens– registe3/3
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Dog-earSep 16, 11, 8:07 a.m. – Permalink
seeessess
build a new house, and buy a couple of cars. $1m isn't much nowadays :(
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Dog-earSep 16, 11, 8:11 a.m. – Permalink
registe
home: wouldn't go above $200K on my living space, hopefully not $150
car: Rally Fighter
motorcycle: KTM RC8r
Invest more in own garden and food stuffs
Choose meat while it was still alive
Own a Boz™ Workstation.
Hardwood floor the garage.
Go on with life.
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Dog-earSep 16, 11, 8:11 a.m. – Permalink
sigg
I'm comfortable $ wise as-is so I'd put 30k into a college fund for each of my three nieces and nephews who are 4, 6 and 6. I'd give 50k to my parents, my sister's family and my brother-in-laws family to pay off their cars, credit cards and what not. The rest I would invest so that I could retire at a young age and spend more time with my family.
- you are comfortable so you'd give your parents 5%? lawl– eficks1/3
  they wouldn't want anymore than that as they'd literally make me keep it for our kids future use.– sigg2/3
  i know this because of my 'what to do' thread with hundreds of stock i forgot i had. champ.– sigg3/3
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Dog-earSep 16, 11, 8:12 a.m. – Permalink
prophetone
new car. pay off mortgage. max out college fund. analog drum machines 'n synths.
- and as many vintage arcade cabinets i can stuff into my basement...– prophetone
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Dog-earSep 16, 11, 8:13 a.m. – Permalink
fugged
I'd stay the same person I am now.
I'd still bitch about the same shit, still want more than I need, and still think if I just had even more money, I'd be happy.
- honesty– prophetone1/2
  +100000– loool2/2
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Dog-earSep 16, 11, 8:19 a.m. – Permalink
capn_ron
I would pay off my debt. buy a vehicle. then put 80% of the rest in a savings account and use the other 20% of the rest to take my parents and family on a vacation somewhere.
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Dog-earSep 16, 11, 8:19 a.m. – Permalink
detritus
Pay off debts.
Buy Land.
Keep a little for seed capital.
Carry on as normal.
- Obv I'd invest some in the markets too, but that's boring.– detritus1/2
  that's what i said– popfodders2/2
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Dog-earSep 16, 11, 8:19 a.m. – Permalink

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If you inherited $1 Million at age 35 5656 Responses

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