What would be the first thing you would buy if you won a pile of money?
buy a new car (28.2%)
fix-up my house or buy a new one (56.9%)
take a vacation (37.5%)
splurge on electronics (8.9%)
buy new clothes (20.7%)
buy things for family/friends (35.3%)
pay off debts (61.3%)
give to charity (36.4%)
save/invest (55.5%)
other (5.6%)
Right now, the best thing to do with a pile of cash is invest it. Stock prices are low as are other types of investments.
I would give much of it away, finish paying off all my debt, and invest the rest. I think I would use the dividends on the investment to do some of the fun things I've always wanted to do (like travel), but mostly I would want to make sure that my family was taken care of.
I would buy my first house and safe the rest. I have three kids so I would save that money for their education.
If I won that much money I would pay off all our debt, get a new house in a better neighborhood, and save the rest for the kids colleges and weddings.
Starting with paying off debt, give some to charities and return the help that I have received, then build onto the house and save for a vacation....Oh I would also have to put some of it away for the boy's education as well. Not enough for it all unless I'm REALLY tight with it in these adventures, oh well, there's never enough to do everything you want.
I would buy my dream house which is a 20 acre farm somewhere in the boondocks...
I would pay off all my debt and put enough money away to pay for my childrens education. Then I would do fun things with my family, ie travel.
I would pay off my debt then buy a larger house somewhere with at least 40 acres. I would set aside money for my sons college fund as well. Other than that I think i would help out others in my family with some stuff they need. and because I would not be quitting my job, i would buy the center i work for some really nice comfortable desk chairs that we desperately need!
I would pay off my debts . That's all I care about doing first before I think about what to do with the rest of it. LOL! It'd be nice to be debt free for once.
I don't think one million dollars would go far...I would have to try and grow it first and then I would want to do somethings in all the category choices listed.