If you inherited $1 Million at age 35
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- JSK0
All in investments.
Would carry mortgage due to low interest rate and get interest back in taxes.
- maikel0
Go to a cheaper economy with the best possible weather, buy land, seeds, animals... and fuck all.
Probably you can get away with spending only a 20% to have a sustainable off-capitalism life.
and anybody thinking that US1M is not enough to stop working and live a happy life has had its brain drained already.
- mekk0
Just don´t tell anyone!
- bulletfactory0
Mortgage is nearly paid off, so invest, invest, invest.
- How are the cocaine and hooker-futures looking?bulletfactory
- loool0
invest in beer industry
- eficks0
2 chicks at once as said above, unless I'm in america where it'd be about 5000 chicks at once.
- mg330
I think I'd get each side of my scrot sack tattooed with an eyeball.
- lolmonospaced
- it'd look like this http://truebelievers…scarabin
- detritus0
Actually, fuckit, I'd buy a warehouse somewhere in London and convert it into my own house/factory, then buy loads of CNC tools and a half-decent 3D printer, then just spend the rest of my life geeking out.
- doesnotexist0
travel. film & developing. books.
- JSK0
I wonder about three chicks at the same time.
- 2,3,....it's up to you, and your abilities to satisfy them.ApeRobot
- maybe i should invest viagra also, seems like i'm about to fuck alot.....cant wait to win the milli.ApeRobot
- with 1mil, I dont need to satisfy them, they need to do that.JSK
- if you had a hooker, would you try to satisfy them? that thought just crossed my mind.JSK
- To win this million, you must kill someone in your family though. Who do you choose? WHO DO YOU CHOOSE?!detritus
- hows the alcohol keeping up with you nairn?eficks
- detrius, I am going to either, make you my step brother, or get someone to marry you.JSK
- I'm still not putting you in my will, JSK.detritus
- Peter0
Trade up my wife.
Kidding. Continuity put it nicely on page 1 post 2.
- monospaced0
Whatever JSK does
- UKV0
I would immediately surrender 65% of it in taxes. FTW!
- scarabin0
prolly wouldn't do anything with it.
- oh i guess i'd make a hippy busscarabin
- then drive around and pick all of you upscarabin
- stop in dallas please.johnny_wobble
- i'll leave the light on! ;)sea_sea
- ETM0
First thing I would do is stick it in a term deposit for 6 months. Earn a little interest and lock it away while I really figure things out. 6 months gives you time to really absorb the windfall and not make a bunch of impulse decisions.
Then there is a good chance I would simply save it. Reason being that with a high interest account, you could get anywhere from 30-40k+ in interest per year. Although it's not a full years salary in most regions, it would let me work casually while supplementing my income. The extra cash would go to accelerated mortgage payments and other debts.
See the problem is, if you use it all at once to pay off your debts great, but then it's gone. If you use the interest to pay things off over a couple years, you'l still be debt free, yet also still have that million in the bank.
Once your debts are gone, reinvest the unneeded interest income and you will grow it into a nice sum.
- bingomonospaced
- but 30K interest a year is laughablemonospaced
- oh, yeah, that is possible...and it compoundsmonospaced
- dont forget tax.JSK
- Yeah, it would be better if it was winnings, because we don;t get taxed on winnings in Canada like in the US.ETM
- moniker0
Pay off debts
Sell house
Sell car
Buy new (and used) photography gear
Move out West
Mortgage a modest 2-3 bedroom condo
$10,000 in bank account for play
The rest invested in whatever Dinky says I should invest in.
- vaxorcist0
1.hide half of it from myself, or anyone else....
2. probably pay 25% tax
3. split the rest... so 12% for pure hedonism, 12% for starting a "shit disturbing artist grant project, funding the most controversial art possible"