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$1m - what do you do with it ?

$1m - what do you do with it ?

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Old Jul 24th 2010, 5:26 am
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Default $1m - what do you do with it ?

Daydream time. You go out and buy on impulse a lotto ticket and win $1,000,000 tonight. What do you do with it ?

It's not a vast sum of money but the interest gets you about $60,000 a year which is nice so I guess I would probably just invest it and keep it liquid for the time being as I fortunately own my own home.

Unless the AUD exchange rates gets really good at which point I could be easily persuaded to leave Australia for the US.

Anyone got any other interesting ideas ? Yes, I'm bored this afternoon
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Old Jul 24th 2010, 5:36 am
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Default Re: $1m - what do you do with it ?

Go out and buy a great big turnip in the country.

Go straight to Hawaii.
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Old Jul 24th 2010, 6:02 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Officer Dibble
Go out and buy a great big turnip in the country.

Go straight to Hawaii.
Holiday, then invest the rest in my brilliant business idea.

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Old Jul 24th 2010, 6:09 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Centurion
Daydream time. You go out and buy on impulse a lotto ticket and win $1,000,000 tonight. What do you do with it ?

It's not a vast sum of money but the interest gets you about $60,000 a year which is nice so I guess I would probably just invest it and keep it liquid for the time being as I fortunately own my own home.

Unless the AUD exchange rates gets really good at which point I could be easily persuaded to leave Australia for the US.

Anyone got any other interesting ideas ? Yes, I'm bored this afternoon
Pay off my mortgage. Start my business. First class holiday next year for me and my 3 best friends.
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Old Jul 24th 2010, 6:12 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Centurion
Daydream time. You go out and buy on impulse a lotto ticket and win $1,000,000 tonight. What do you do with it ?

It's not a vast sum of money but the interest gets you about $60,000 a year which is nice so I guess I would probably just invest it and keep it liquid for the time being as I fortunately own my own home.

Unless the AUD exchange rates gets really good at which point I could be easily persuaded to leave Australia for the US.

Anyone got any other interesting ideas ? Yes, I'm bored this afternoon
60k would be more than enough for the two of us to live very comfortably in our modest little place. I'd invest it & retire, then I'd buy a decent size yacht [on finance] & cruise the world living on the interest. When I'd done cruising I'd charter the yacht out to weekend sailors either here in the Sandy Straits or up in the Whitsundays, buy a Winnebago & do the grey nomad trail around Australia.
No idea what Deb would do
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Old Jul 24th 2010, 6:34 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Dorothy
Pay off my mortgage. Start my business. First class holiday next year for me and my 3 best friends.
How was your holiday?
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Old Jul 24th 2010, 6:35 am
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Default Re: $1m - what do you do with it ?

Originally Posted by TiddlyPom
Holiday, then invest the rest in my brilliant business idea.

Do tell. Its not the pedal powered wheelchair is it?
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Old Jul 24th 2010, 6:44 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Officer Dibble
How was your holiday?
Far too short. I left home with a change of clothes and came home with 2 full suitcases weighing 22 & 19 kg and nearly 10 kg of carry on. London was too good for words and of course seeing my mum and the rest of my family was good. Not to mention the fab tan from snorkelling with the sea turtles in a secluded cove off the northern tip of Oahu. Hawaii is now my favourite place on earth. It is going to be my life's mission to retire there.
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Old Jul 24th 2010, 6:47 am
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Default Re: $1m - what do you do with it ?

Originally Posted by TiddlyPom
Holiday, then invest the rest in my brilliant business idea.

How brilliant is your business idea then. Welcome to the dreamers Dragons Den!
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Old Jul 24th 2010, 6:54 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Centurion
Daydream time. You go out and buy on impulse a lotto ticket and win $1,000,000 tonight. What do you do with it ?

It's not a vast sum of money but the interest gets you about $60,000 a year which is nice so I guess I would probably just invest it and keep it liquid for the time being as I fortunately own my own home.

Unless the AUD exchange rates gets really good at which point I could be easily persuaded to leave Australia for the US.

Anyone got any other interesting ideas ? Yes, I'm bored this afternoon
get Lap Band Sugery
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Old Jul 24th 2010, 6:54 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Dorothy
Far too short. I left home with a change of clothes and came home with 2 full suitcases weighing 22 & 19 kg and nearly 10 kg of carry on. London was too good for words and of course seeing my mum and the rest of my family was good. Not to mention the fab tan from snorkelling with the sea turtles in a secluded cove off the northern tip of Oahu. Hawaii is now my favourite place on earth. It is going to be my life's mission to retire there.
Sounds like you got your moneys worth. Sweet.

Im thinking of a long holiday, perhaps early next year. Cook Islands maybe.
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Old Jul 24th 2010, 7:15 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Centurion
Daydream time. You go out and buy on impulse a lotto ticket and win $1,000,000 tonight. What do you do with it ?

It's not a vast sum of money but the interest gets you about $60,000 a year which is nice so I guess I would probably just invest it and keep it liquid for the time being as I fortunately own my own home.

Unless the AUD exchange rates gets really good at which point I could be easily persuaded to leave Australia for the US.

Anyone got any other interesting ideas ? Yes, I'm bored this afternoon
Drive to the airport and get on the next flight going anywhere and keep doing that for maybe a year or two.
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Old Jul 24th 2010, 7:28 am
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Default Re: $1m - what do you do with it ?

I'd buy a house with it. Then go on a great holiday, first class. Then probably just get on with my life as normal. $1m is not enough to retire on.
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Old Jul 24th 2010, 7:42 am
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Default Re: $1m - what do you do with it ?

Originally Posted by Bermudashorts
I'd buy a house with it. Then go on a great holiday, first class. Then probably just get on with my life as normal. $1m is not enough to retire on.
A million dollars is bugger all really. I imagie it would be taxed anyway, wouldnt it?
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Old Jul 24th 2010, 7:45 am
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Default Re: $1m - what do you do with it ?

Have a drink..then go to bed for a week. Would that amount of money buy B.E.?
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