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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, 12:49 pm
  #31  
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Default Re: $1m - what do you do with it ?

I would set up a retirement home for BE members,who would be whipped regulary by SC and Kelli
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Old Jul 24th 2010, 12:55 pm
  #32  
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Default Re: $1m - what do you do with it ?

Originally Posted by DeadVim
Pay off home loan, quit job, bum around avoiding other realities that an influx of money doesn't help with ....
Is,nt that what i just said.......MM
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Old Jul 24th 2010, 10:32 pm
  #33  
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Default Re: $1m - what do you do with it ?

Originally Posted by mr mover
Is,nt that what i just said.......MM
I don't have time to read OTHER people's posts, I'm too busy counting my money
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Old Jul 25th 2010, 6:03 am
  #34  
 
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Default Re: $1m - what do you do with it ?

Originally Posted by Centurion
Oh gosh. Now I'm going to lay awake wondering what it is. I've been mulling over some business ideas of late. All of which are truly rubbish.
Do what I did. Fix the amount of money you want to earn or need to earn. Then, work backwards. What are you going to do to get you there? How will you do it? Where... eventually, all the crap ideas refine into something shiny and star-like.. (hopefully)
My idea has morphed to where it is now.

When I launch, I'll let you know. :-)
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Old Jul 25th 2010, 8:32 am
  #35  
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Default Re: $1m - what do you do with it ?

Simple.

Upgrade to 30 acres (not much of a cost upgrade infact if we moved slightly away) or so with a small town house in the inner East. 3 bedrooms maybe which we could extend or add an office.

Kids in school. New motor. Kluger for the Missus...old Lotus Esprit for me.

New ironing board cover.
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Old Jul 25th 2010, 8:38 am
  #36  
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Default Re: $1m - what do you do with it ?

New ironing board cover.
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Old Jul 25th 2010, 8:39 am
  #37  
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Default Re: $1m - what do you do with it ?

I'd spend a good chunk of it on fast women, drink and cars


I'd probably just blow the rest
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Old Jul 25th 2010, 8:40 am
  #38  
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Default Re: $1m - what do you do with it ?

My mate at work just won $2 mill on the lotto. I've just done night work with him so we really got to do the whole 'what would you do with it' conversation but for real....

(he's 45 yrs old and is spending $1 mill and investing $1 mill, giving up work but will do something else for pocket money, paying off his house and buying a boat, putting some in a trust fund for his kids when they get to 30 yrs).

He might have won $2 mill but I won a free Crunchie bar yesterday, so there.
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Old Jul 25th 2010, 8:44 am
  #39  
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Default Re: $1m - what do you do with it ?

Originally Posted by alistairboyle
Lol. 1m is not enough to retire on but it could set you up for the rest of your life.

I mean, it might be that you pay your mortgage off and then work a 3 day week for the rest of your life....
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Old Jul 25th 2010, 10:32 am
  #40  
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Default Re: $1m - what do you do with it ?

Originally Posted by BadgeIsBack
Lol. 1m is not enough to retire on but it could set you up for the rest of your life.

I mean, it might be that you pay your mortgage off and then work a 3 day week for the rest of your life....
It might not be enough for a guy with a tribe of young kids to feed & clothe & educate, it's more than enough for Deb & I to live very comfortably on. Our kids have left home & both are working. We could downsize from a 4 bed home to a 2 bed & easily live on the 60K interest with no mortgage to pay.
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Old Jul 25th 2010, 11:10 am
  #41  
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Default Re: $1m - what do you do with it ?

Originally Posted by mr mover
Winnebago, and just cruise around the best country in the World ,avoiding winters .......Thats Australia incase any New chums arn,t aware......mm
Blimey, I would have thought you would have had enough of driving..... So where would interest a bloke thats been to most places ? Ever since my 8 year stint as a Parcel Driver for Apost, it's put me right of of driving as it now always feels and reminds me of work, especially driving around town... Dont mind a long drive.


Not sure what I would do with a Million bucks. I think it would mean that one or both of us could switch to Part time.... cant see how one of us could leave work and the other stay at work though.... how do you decide that, a flick of the coin ?





Got it.... The wife trys her Art Therapy skills as a private operator, and I switch to Part time.... Could also possibly bring proper financed up retirement forward by about 5 years or so. Not much point in leaving work, whilst you've got kids at school.



BTW do they have independent Art Therapists in the UK... I know they do in the US.

Last edited by ozzieeagle; Jul 25th 2010 at 11:19 am.
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Old Jul 25th 2010, 10:10 pm
  #42  
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Default Re: $1m - what do you do with it ?

Originally Posted by BadgeIsBack
New ironing board cover.
If you get the cover with the half naked men, I'll do your ironing for you!

Originally Posted by Broad Shoulders
I'd spend a good chunk of it on fast women, drink and cars


I'd probably just blow the rest
George Best?

Originally Posted by Scubaemma
My mate at work just won $2 mill on the lotto. I've just done night work with him so we really got to do the whole 'what would you do with it' conversation but for real....

(he's 45 yrs old and is spending $1 mill and investing $1 mill, giving up work but will do something else for pocket money, paying off his house and buying a boat, putting some in a trust fund for his kids when they get to 30 yrs).

He might have won $2 mill but I won a free Crunchie bar yesterday, so there.
Wow, must be a very surreal feeling to win $2 million, sounds like he's got it all figured out.

Congrats on the crunchie!

For me I'd buy a house, nothing excessive or overly flash, something for about $500/600 grand, have no mortgage and then with the rest, I'd save some and then just spend the remainder of some great holidays with my family.
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Old Jul 26th 2010, 4:06 am
  #43  
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Default Re: $1m - what do you do with it ?

I just banked it
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