What would you do if you won $1mill?

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

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  1. Mumbai

    Mumbai Well-Known Member

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    well, on a serious note, If I won 11mil I would, in that order:
    - Buy a house (apartment) each for my 3 siblings, my wife's 3 siblings and for my and her parents in India
    - Build a hospital, school, sanitation plant and toilets for every house in my village back in India.
    - Travel around to non-touristy places
    - Buy a PPOR closer to the city here
    - Buy some more IPs
     
    Mumbai, 26th May, 2016
    #61
  2. Chrispy

    Chrispy Well-Known Member

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    Someone in South Gippsland has won the $40m on their own, but has not yet claimed it.
     
    Chrispy, 26th May, 2016
    #62
  3. Tranquilo

    Tranquilo Well-Known Member

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    Jump up and down:)
     
    Tranquilo, 26th May, 2016
    #63
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  4. Adele

    Adele Well-Known Member

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    Buy one of those Ralph Lauren polos and wear it with the collar up.
    Apparently that's 1 of the 10 symbols to show everyone that you're rich. Am I right @Scott No Mates ? :D
     
    Adele, 26th May, 2016
    #64
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  5. kierank

    kierank Well-Known Member

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    If it was $1M, I would give it to a number of worthwhile charities.

    If it was $11M, I would give $1M to a number of worthwhile charities, then come out of retirement and work out how to invest the remaining $10M
     
    kierank, 26th May, 2016
    #65
  6. Perthguy

    Perthguy Well-Known Member

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    Commercial investment property... then travel on the income :D
     
    Perthguy, 7th Nov, 2016
    #66
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  7. alexm

    alexm Well-Known Member

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    Use it as a springboard to make $10m+
     
    alexm, 7th Nov, 2016
    #67
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  8. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    Multiply it by ten and then take a week off :p
     
    Colin Rice, 7th Nov, 2016
    #68
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  9. bob shovel

    bob shovel Well-Known Member

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    I thought that was a unit of measure to how far ones head was up their ass
     
    bob shovel, 7th Nov, 2016
    #69
  10. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    Fred Perry is more my style.
     
    Colin Rice, 7th Nov, 2016
    #70
  11. Stoffo

    Stoffo Well-Known Member

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    Similar o_O
    A mill would buy a farm within 75klm of Bris so i can pursue my frangipani obsession :D
    11mill would buy a much bigger farm a lot closer in :p
     

    Attached Files:

    Stoffo, 8th Nov, 2016
    #71
  12. LifesGood

    LifesGood Well-Known Member

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    A farm of frangi's would be pretty nice! I've got a pink one at my house too. Looking at subdividing so I am hoping to transplant the tree from the backyard to the front.
     
    LifesGood, 8th Nov, 2016
    #72
  13. See Change

    See Change Well-Known Member

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    Pay some into super , pay off other debt , put some aside to pay for jetty and infinity edge pool for weekender and have a months holiday .

    And then get back to waiting for Brisbane to boom so I can pay off the rest of the debt .

    Powerball ? Different matter :cool:

    Cliff
     
    See Change, 8th Nov, 2016
    #73
  14. geoffw

    geoffw Moderator Staff Member

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    You would have to be careful here. If you exceed limits you may have to pay tax on what is tax free income.
     
    geoffw, 8th Nov, 2016
    #74
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  15. Ross Forrester

    Ross Forrester Well-Known Member

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    If I won 1m I would pay down debt and then springboard into more debt.

    I like to watch the passive income grow - I don't want to spend it. Just watch it.
     
    Ross Forrester, 8th Nov, 2016
    #75
  16. See Change

    See Change Well-Known Member

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    Opps ...

    Didn't I say I have no idea about any of that and was going to put the whole 1 mill in there .....:rolleyes:

    Cliff
     
    See Change, 9th Nov, 2016
    #76
  17. geoffw

    geoffw Moderator Staff Member

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    I agree. I was just saying to be careful. I would have thought that somebody on a good income (if that's applicable) would have been close to the limits, as the limits are not that high.
     
    geoffw, 9th Nov, 2016
    #77
  18. willair

    willair Well-Known Member Premium Member

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    ....UKI nth nsw ....
    willair, 9th Nov, 2016
    #78
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