Different analysts suggest different percentages. It may seem cool to own a 200-foot yacht. A Million bucks would be great to. The car cost only a tick under what I paid for the condo 5 years ago! In spite of I did not have a great amount of money to donate, I can be a volunteer to help disabled people and homeless children. For one- if you have a vision you actually have no clue when it'll really happen. You can go broke real quick. Congrats to , the winner of the drawing! Following a list of things to do or not do sounds easy enough.
Then lastly buy us a house we could all live in comforablly, all 4 of our kids are at home right know 2 in college and one high shcool and one jr. ~Thirdly, giving to other causes and companies that I respect the morals of and want to support. In any case, I would not stop working and in fact, I'd probably hold on to my current job for some time. Never mind your chances of winning are just slightly better than the chances of being abducted by aliens. People always say they would invest most of it and not change their lifestyle much, but I really think their mind would change when really faced with that kind of money. I don't need or want fancy accommodations; a rail pass would do in most cases.
We usually get apartments with 2-3 bedrooms plus a kitchen and living room for less than the price of 1 hotel room. Invest for Income This applies to the second scenario — the one where your net worth, after years of hard work, is a million dollars. I wonder if a million would stretch that far. If I won a million dollars, the first thing I would do after screaming and shouting with happiness after finding out the news is put it in the bank for a couple of months while I decide what to do with it. If I had had one million dollars, I would have gambled in a casino in Las Vegas.
I think owning your own building would be better than throwing away rent money and plus you would have equity on the building. Will you invest it, take a trip, start a business, quit your job, or give it to charity? Hence, I have to strive for a better life by myself. I'd hope to keep the majority of the money in investments so that one day I could live off the interest. Each bet is separate and each drawing is independent. By now you are probley left with 300,000,000 dollars. The rest I would invest and put toward retirement. Again, many lottery winners go broke.
I then would donate half amount of the money to help the homeless children living in orphanage. What would I do if I won a million dollars? I would set aside an emergency fund and enough to allow me to finish school without working because right now it is killing me. Sign your lottery ticket Make sure to sign your winning lottery ticket. I have a pretty complex business idea in mind that would play off of my writing, art, and people skills, and I'd focus on that now instead of going slowly at it, as I am now. Do you know how to protect your assets against all threats and know exactly how to protect your estate in case you die or become incapacitated? Keeping up with the Jonses is bad enough, but definitely do not try to keep up with the Kardashians or other celebrities. A 7-part mini course to help you spend less and be happy will be sent to you when you subscribe, and you will also get an ever-expanding How to Save Money on Everything ebook. I have heard some make similar comments regarding a 401k.
Because you have put your name up for the challenge, you have sent out the intention to the universe that you want to grow. Then you are left with 100,000,000. After that, I would buy myself a plane ticket to sub Saharan Africa and start a foundation that would help with education as well as maintaining their cultures, and live the rest of my days very, very happily. The article is free and available for viewing for about one week. How you became vastly wealthy will be found out in time anyway, but there is no need to alert everyone.
If I have one million dollars, I will buy a fancy car then take a national wide selfdriving trip to experience different regional culture and visit famous landscapes in this country. I guess the real question is when I'd get this million dollars. Imagine for a moment that you had one million dollars. After that you are probley left with 600,000,000 dollars. I would be interested in adopting foreign children and helping out orphanages. So I have to make it last 70 years. Whatever is leftover, I would give to the American Red Cross or Make a Wish foundation.
All of the missionaries I support would get a big gift. Second, get someone to arrange a smallish cruise ship to go around the world and during the trip have poker pros holding various workshops. Don't inflate it, don't understate it either. That is for a future discussion. I pretty much like my life just as it is — why screw it up? This would be the beginning of having a peace of mind.