For Fun: If you won $1M, what would you do with it?

posted 1 year ago in The Lounge
Post # 2
Member
3522 posts
Sugar bee
  • Wedding: January 2021

Pay off the remainder of our mortgage, host a ballin ass wedding followed by a nice honeymoon, and toss the rest in our investment accounts. 

Post # 3
Member
9718 posts
Buzzing Beekeeper
  • Wedding: August 2016

Put a lot of it into various savings, retirements, and investments. Take an awesome vacation and buy a new, but still inexpensive car. 

Post # 4
Member
13657 posts
Honey Beekeeper
  • Wedding: November 1999

I’d pay off debt, take a nice vacation, and then invest the rest.  I’d continue living the life I already have, but I don’t think I’d change much,

Post # 5
Member
250 posts
Helper bee
  • Wedding: October 2015

Pay off the mortgage, take a nice vacation, save the rest

Post # 6
Member
201 posts
Helper bee
  • Wedding: July 2017

I’m with the PPs – pay down debts, go on a vacation and save the rest for retirement 🙂

Post # 7
Member
4054 posts
Honey bee
  • Wedding: August 2012

Pay off our house, reno our kitchen.

Put money aside to pay for college for both kids.

Probably drop down my hours at work to have more time with the kids.

Fly our families to Hawaii for a 10 year anniversary/vow renewal. 

 Everything left into retirement. 

Lol…we have discussed. 

Post # 8
Member
724 posts
Busy bee

Pay off debts, buy a house … I’d like to say put rest into savings but I live in socal so I think 1m is the perfect amount for a dream home for us

Post # 9
Member
2802 posts
Sugar bee

Travel for 1-2 months, pay off debts, put a down payment on a house (can’t buy one here for 1M 😑) If there was anything left I’d save it, but with our housing market there wouldn’t be! 

Post # 10
Member
712 posts
Busy bee

Invest 400k, put 400k toward the mortgage and reduce our monthly payments somewhat, and do the 150k remodel I’ve been planning, that our home really needs. Finally I’d put 50k into a splurge fund. 

Could I have 3 million more? 😁

Post # 11
Member
3729 posts
Sugar bee
  • Wedding: November 2014

We are planning on being debt free in the next year so we can start building our (hopefully) forever home. I would build our house and put the rest into various savings and investments. My husband and I both have fairly new vehicles so no need for that. If we could pay for a house in full and not have any debts then life would be fantastic. We would also go on the European vacation we have been fantasizing about. 

Post # 12
Member
14964 posts
Honey Beekeeper
  • Wedding: June 2011

Add it to our investment accounts.  Id probably quit my job, and he’d cut his hours to half time just to have health insurance.

Post # 13
Member
1373 posts
Bumble bee
  • Wedding: June 2014

Pay off our student loans and mortgage, pay for IVF, take a vacation with both of our families then bank the rest.

Post # 14
Member
6626 posts
Bee Keeper
  • Wedding: June 2015

azf0019 :  Our house is too small but I love being here.  We’d build a new 3-car garage/shop (we have one but it’s built very badly) with a canning kitchen attached. Said kitchen would have a porch with a drain (or an angled foundation) where I could wash the dog and keep the cider press.  Above would be a ‘guesthouse’ for friends and family, to be rented out to guests as we see fit for some extra income. 

I’d pay for someone to come in and properly prune our orchard just to have it done right for a starting point.  That arborist would also go up the giant cottonwood and clear all the dead branches, get rid of other icky trees and generally clear that mess.  I’d also pay for someone to come relevel our field so the irrigation water flowed properly.  Oh!  and redig the pond to make it pretty as well as functional, plus build a patio out there for grilling.

If there was money left over (not sure how ambitious the garage would be but surely it wouldn’t take a whole million!), then we’d do the add-on to our house and it would be awesome.  I’m talking the things we wish we had but don’t, like a double fireplace with a really nice stone chimney that rises up out of the present wall, but with an addition on the other side to make two living rooms, plus a master bedroom, a kitchen/dining room remodel and rooms for kids.

It feels selfish, lol.  I read about how in the UK people make do just fine with small houses but I honestly can’t figure out how!  We are absolutely cramped in here and have no idea where to put the baby once he’s older.  It’s looking like he’ll be in the dining room for awhile.

Any money leftover would probably pay off what we owe on the house right now.  We can actually do that already but it’s a low mortgage rate and we don’t have a million, so we’re planning on spending it on the necessary parts of the remodel/addition instead.  someday.

Post # 15
Member
1105 posts
Bumble bee
  • Wedding: September 2017

Finish the addition on my house that’s dragging on forever (hire a dozen more people to hurry it up?)

Buy investment properties, fix them. Rent them out

 

That’s about it

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