What Would You Do With a Million Dollars?

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SUMMARY

The forum discussion centers on various strategies for utilizing a million dollars. Participants suggest investing in small businesses, real estate, and the stock market while also considering personal indulgences and charitable contributions. Key ideas include using interest from investments to supplement income and the intention to leave a legacy for heirs. The conversation highlights a blend of financial prudence and personal enjoyment in managing newfound wealth.

PREREQUISITES
  • Understanding of investment strategies in real estate and stock markets
  • Knowledge of small business management and turnaround strategies
  • Familiarity with personal finance and wealth management principles
  • Awareness of charitable giving and its implications
NEXT STEPS
  • Research real estate investment strategies for passive income generation
  • Learn about stock market investment techniques and portfolio diversification
  • Explore small business acquisition and turnaround case studies
  • Investigate the impact of charitable donations on personal finance and legacy planning
USEFUL FOR

This discussion is beneficial for aspiring investors, entrepreneurs, financial planners, and anyone interested in effective wealth management and legacy building.

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million dollar...

What would you do if you have a million dollar??

"other than having two chicks at the same time"
- movie, Office space
 
Physics news on Phys.org
Invest in a small company. Or, take a stand about how edu. should meet the needs of students.
 
I'd use the interest to supplement my income and then use it to build a lovely marble statue of me before I die.

Thus living well,
Annoying my heirs,
and spending a vast sum of money on a self indulgent trinket.

That would be my three major ambitions fulfilled.
 
I would donate them to PhysicsForums.com Admistration :wink:
 
i will build ahouse in a very far place to live in it and do charity works with the rest of the money
 
I'd buy a t-shirt that said:
"I'm a millionaire and all I bought was this stupid T-Shirt!"

or maybe not...
 
I would give it to someone who would give it back to me :)
 
I would buy some houses to rent out, take the income.

I would spend my life as I liked.
 
I would invest half of the money in housing and the stock market, and let the other half sit in an interest bearing account.

I would use what income I needed as generated from both sources, and turn the unused profit back into the investments.

When I acquired enough capital, I would begin buying small, troubled buisnesses in an attempt to turn them into profitable enterprises.

Then I would die, leave the money to my kids, and they would most likely promptly waste it.

:smile:
 

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