What would you do if you won $1mill?

Discussion in 'Money Management & Banking' started by LifesGood, 20th May, 2016.

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  1. Bran

    Bran Well-Known Member

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    Nope, I'd quit work.
     
    Bran, 21st May, 2016
    #41
  2. EN710

    EN710 Well-Known Member

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    $11mil? I would quit my job tomorrow stat.
    I personally think winning $1m is more interesting than $11mil though...
     
    EN710, 21st May, 2016
    #42
  3. Ed Barton

    Ed Barton Well-Known Member

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    Ok then if you win $11m I'll give you the one and dance around in my underpants as long as you like for the other ten.
     
    Ed Barton, 21st May, 2016
    #43
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  4. Beanie Girl

    Beanie Girl Well-Known Member

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    Ed, I think @EN710 will readily and hurriedly give you the 10 million not to see you dancing around in your underpants.:D
     
    Last edited: 22nd May, 2016
    Beanie Girl, 21st May, 2016
    #44
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  5. D.K

    D.K Well-Known Member

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    sort the family and have a party
     
    D.K, 21st May, 2016
    #45
  6. bob shovel

    bob shovel Well-Known Member

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    bob shovel, 21st May, 2016
    #46
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  7. Sonamic

    Sonamic Well-Known Member

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    Yeah me too. But I'd go in for a week or 2 just to annoy the boss. :p
     
    Sonamic, 22nd May, 2016
    #47
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  8. Bayview

    Bayview Well-Known Member

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    Pay off the loan for the recent PPoR purchase, and park the remainder in the ING account temporarily.

    Then, go on a 2 week holiday to somewhere sunny and warm like Noosa.

    Then, go back to work as normal.

    Then, use some of the remaining cash to build a new PPoR (the existing house is a knock-over).

    Then, leverage into the PPoR equity to buy some more income producing r/e, and keep the remaining cash from the $1m in an offset against the IP loans.

    Might use some of the freed up cash from the previous PPoR loan repayments to fund a newer car, and use the rest to pay down the IP debts.

    Pretty boring plan now that I've read this back.:eek::D
     
    Last edited: 22nd May, 2016
    Bayview, 22nd May, 2016
    #48
  9. HomePage

    HomePage Well-Known Member

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    I'd retire from retirement :D
     
    HomePage, 22nd May, 2016
    #49
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  10. Angel

    Angel Well-Known Member

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    Now you're talking
     
    Angel, 22nd May, 2016
    #50
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  11. Sackie

    Sackie Well-Known Member

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    I'd be fairly boring. would use the 1 mil to buy another development project 5mil total costs and turn the 1 mil into 2 asap.
     
    Sackie, 22nd May, 2016
    #51
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  12. LibGS

    LibGS Well-Known Member

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    Immediately call @euro73 to buy more NRAS.
     
    LibGS, 22nd May, 2016
    #52
  13. HUGH72

    HUGH72 Well-Known Member

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    Buy a large farm in regional Victoria and hire a couple of au pairs for $150 per week...:p:rolleyes:

    Sorry couldn't resist.
     
    HUGH72, 22nd May, 2016
    #53
  14. Jerry O

    Jerry O Well-Known Member

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    would like to experiment and leave it in a savings account and wait and see how deflation devalue it in the coming years... :p:D:cool:
     
    Jerry O, 22nd May, 2016
    #54
  15. Ed Barton

    Ed Barton Well-Known Member

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    This is not the 70's. You won't get one for $150pw, let alone a pair.
     
    Ed Barton, 22nd May, 2016
    #55
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  16. Chrispy

    Chrispy Well-Known Member

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    I would split it up between my nieces and nephews. It would only amount to $100k each but when you are young and struggling that is like a a million!!!!

    I am retired with sufficient funds to live on, I would rather give it to people who really need it.
     
    Chrispy, 22nd May, 2016
    #56
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  17. Truly Exotic

    Truly Exotic Well-Known Member

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    hey hey hey dont get personal,

    I shower at least once a fortnight, if I was going to be pickled in whiskey, ill shower at least once a week!! I promise ;)
     
    Truly Exotic, 22nd May, 2016
    #57
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  18. geoffw

    geoffw Moderator Staff Member

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    geoffw, 22nd May, 2016
    #58
  19. Ed Barton

    Ed Barton Well-Known Member

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    I missed the 'joke'.
    Dick should be ashamed. He's paying the poor Au Pairs $6 per hour and only giving them 25 hours pay a week. I have no doubt they work more than that. It's little surprise the Greens are considering partnering with the Libs - they have the same labour force policy.

    "rent, meals and sundries" are not a perk of this job, just a natural part of the job. You give them all that so they're basically on call and work an hour here and an hour there.
     
    Ed Barton, 22nd May, 2016
    #59
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  20. proper_noobie

    proper_noobie Well-Known Member

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    With a 3% swr, for some people it's enough to sustain a rewarding lifestyle if you own your own home and have no debts.
     
    proper_noobie, 26th May, 2016
    #60
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