If you had

[S&WSigma40VEShooter]

I like to give money to the american cancer society, united way, St Judes, etc. I would give some away and buy me a new dodge truck for the farm and a new hay barn. Other than that the rest would be put in the bank.

all $50.00 dollars of it :cowboy:

Dang right. Id still be poor cuz Id give it all away. LOL

 

[TexasBred]

I'd like to think nothing would change other than going to visit a few places I've not yet been to. Sure would be a great opportunity to help others tho.

 

[backhoeboogie]

Pay the majority of it in taxes. Put the left over part in savings.

 

[Brandonm22]

Yea a $million is really not THAT much money these days......

$18,000 to pay off all our goofy debts, (MOST of that is Mother's)

$3000 on a new transmission on the Dodge Ram,

$24000 on a new Dodge Challenger (might upgrade to the Hemi V8)

park $350,000 to pay the likely federal income tax bill

park $50,000 to pay the likely Alabama income tax bill

blow ~$14,000 doing overdue repairs to the Winnebago, the dozer, the John Deere, the Allis Chalmers WD45, the F150 pu, the MF 271X, and the baler

spend $10,000 on wire and posts, $5000 on diesal, $16000 on fertilizer, and $2000 on seed too plant fields I have 90% cleared.

invest $100,000 in mutual funds,

$2000 for new living room furniture

$40 for new boots

$12000 for a new metal roof

$5000 for a panfish boat in real good condition (I ain't spending CASH on a NEW boat).

$9000 for a basic barn in Fayette Co.

the Church can have $6000 in addition to what they already get.

Park the rest in CDs and money market accounts


NOW a $100 million! That is a real fantasy to play with

 

[3waycross]

I'd probably spend about 1/2 on good whiskey,good dogs,good guns, good cows, and bad women. Most likely just waste the rest.

 

[CKC1586]

I'd probably spend about 1/2 on good whiskey,good dogs,good guns, good cows, and bad women. Most likely just waste the rest.

:lol: :clap: :nod: An honest man!

 

[cfpinz]

Put it in the bank and live off the interest.

Can you live on $20,000 a year? Last number I saw on Bank interest was 2%

That's the problem. A million sure ain't what it used to be.

I'd probably look at it, count it, lay it down to go do something and forget where I put it.

20k/year isn't much, but I'd wager one could find something in the 5% range if they looked hard enough. I could live quite comfortably on a free 50k a year. I wouldn't quit working by any means, I'd just do what I wanted instead of what I have to.

 

[dun]

20k/year isn't much, but I'd wager one could find something in the 5% range if they looked hard enough. I could live quite comfortably on a free 50k a year. I wouldn't quit working by any means, I'd just do what I wanted instead of what I have to.

How many junker trucks would that buy a year, 100 150, more?

 

[peg4x4]

I don't know how to win the Lottery,but having a "live" ticket helps a lot! :shock:

 

[TexasBred]

I'd probably spend about 1/2 on good whiskey,good dogs,good guns, good cows, and bad women. Most likely just waste the rest.

Now that my friend is an honest answer from a real sport but you left out "slow horses". :cowboy:

 

[alacattleman]

Yea a $million is really not THAT much money these days......

$18,000 to pay off all our goofy debts, (MOST of that is Mother's)

$3000 on a new transmission on the Dodge Ram,

$24000 on a new Dodge Challenger (might upgrade to the Hemi V8)

park $350,000 to pay the likely federal income tax bill

park $50,000 to pay the likely Alabama income tax bill

blow ~$14,000 doing overdue repairs to the Winnebago, the dozer, the John Deere, the Allis Chalmers WD45, the F150 pu, the MF 271X, and the baler

spend $10,000 on wire and posts, $5000 on diesal, $16000 on fertilizer, and $2000 on seed too plant fields I have 90% cleared.

invest $100,000 in mutual funds,

$2000 for new living room furniture

• $40 for new boots

$12000 for a new metal roof

$5000 for a panfish boat in real good condition (I ain't spending CASH on a NEW boat).

$9000 for a basic barn in Fayette Co.

the Church can have $6000 in addition to what they already get.

Park the rest in CDs and money market accounts


NOW a $100 million! That is a real fantasy to play with

i aint payed that little for boots in about 20 years or so

 

[Brandonm22]

$40 for new boots

i aint payed that little for boots in about 20 years or so

I buy Brahma brand Chinese made laceups at Wal-Mart and I seldom ever pay that MUCH as I try to get them red tagged. I have got two pairs now. One for work and one for Church and social occasions.....but the Church ones are looking as ragged as the work ones.

 

[alacattleman]

i wore those when i was a mechanic... were'nt too bad a boot for the price...

 

[3waycross]

I'd probably spend about 1/2 on good whiskey,good dogs,good guns, good cows, and bad women. Most likely just waste the rest.

Now that my friend is an honest answer from a real sport but you left out "slow horses". :cowboy:

I worked on the racetrack when I was in High School. I pretty much got those "slow horses" out of my system at an early age.

But let me tell ya, I can pick a slow horse with the best of them, problem is I always pickem to win :help: :lol: :lol:

 

[chrisy]

Return to the US and buy a camper van and tour around to see as much as I can in a year. Then off to Australia to do the same and then back home to a very nice house I would have built to how I wanted it. and if there was any more money left live as comfortable as I could.

 

[FarmGirl10]

$40 for new boots

i aint payed that little for boots in about 20 years or so

Jeez those are cheap boots. I don't have a pair that cost less than $150. Have to be made in America or Canada for me to buy them...

 

[angie1]

I'd find out just how much "dirty deeds, done dirt cheap" costs.......

 

[cfpinz]

I'd find out just how much "dirty deeds, done dirt cheap" costs.......

I'll even cut you a deal. ;-)

 

[HerefordSire]

If you had a million dollars what would you do with it?????

I am going to specify the $1M like it was after tax and not before tax since you didn't mention tax liability.

The most important principal is to not access any of the original $1M for anything other than investments. Then when the money is earned, a portion of the earnings can be used for donating, traveling, repairs, etc. Act like the money is not there as far as being selfish.

$1M invested in one place, can be more beneficial than $100K in 10 places because of efficiencies. This is against what the big boys trying to get your money will say though.

Do not take a position in any investment until you know beyond a shadow of a doubt it is a steal. I get a feeling deep inside telling me this. It happens very rarely. If you look long and hard enough, you might find 5-6 opportunities per year.

Look inside yourself and determine what your greatest strength is. Then pursue investment ideas in this area.

Whenever you find the ideal investment, make sure you have an exit strategy that can be liquid in 1-2 days.

Beware of your national currency exchange rate. If your exchange rate goes against you thereby lowering your purchasing power, this must be accounted for.

So for now, I would plalce the $1M in 4 FDIC insured brokerage accounts then inside a money market fund drawing very little interest. I would keep my job. At night, I would research technology which is what I excel in. I want to find a public company that owns a patent with great marketing potential but not understood completely yet (like Google in its infancy stage). Once I find this value, I would obtain all the information available about the company which would include traveling to the company. The rest can be deduced.

 

[alacattleman]

$40 for new boots

i aint payed that little for boots in about 20 years or so

Jeez those are cheap boots. I don't have a pair that cost less than $150. Have to be made in America or Canada for me to buy them...

man came in the other day wearing a pair of $900.00 Dan Post... never give a redneck money