Quantcast
Jump to content
Search In
  • More options...
Find results that contain...
Find results in...
    1. Welcome to GTAForums!   (85,238 visits to this link)

    2. News

    1. GTA Online

      1. Find Lobbies & Players
      2. Guides & Strategies
      3. Vehicles
      4. Content Creator
      5. Help & Support
    2. Crews

      1. Events
      2. Recruitment
    1. Grand Theft Auto Series

    2. GTA Next

    3. GTA V

      1. PC
      2. Guides & Strategies
      3. Help & Support
    4. GTA IV

      1. Episodes from Liberty City
      2. Multiplayer
      3. Guides & Strategies
      4. Help & Support
      5. GTA Mods
    5. GTA Chinatown Wars

    6. GTA Vice City Stories

    7. GTA Liberty City Stories

    8. GTA San Andreas

      1. Guides & Strategies
      2. Help & Support
      3. GTA Mods
    9. GTA Vice City

      1. Guides & Strategies
      2. Help & Support
      3. GTA Mods
    10. GTA III

      1. Guides & Strategies
      2. Help & Support
      3. GTA Mods
    11. Top Down Games

      1. GTA Advance
      2. GTA 2
      3. GTA
    12. Wiki

      1. Merchandising
    1. GTA Modding

      1. GTA V
      2. GTA IV
      3. GTA III, VC & SA
      4. Tutorials
    2. Mod Showroom

      1. Scripts & Plugins
      2. Maps
      3. Total Conversions
      4. Vehicles
      5. Textures
      6. Characters
      7. Tools
      8. Other
      9. Workshop
    3. Featured Mods

      1. DYOM
      2. OpenIV
      3. GTA: Underground
      4. GTA: Liberty City
      5. GTA: State of Liberty
    1. Red Dead Redemption 2

    2. Red Dead Redemption

    3. Rockstar Games

    1. Off-Topic

      1. General Chat
      2. Gaming
      3. Technology
      4. Programming
      5. Movies & TV
      6. Music
      7. Sports
      8. Vehicles
    2. Expression

      1. Graphics / Visual Arts
      2. GFX Requests & Tutorials
      3. Writers' Discussion
      4. Debates & Discussion
    1. Forum Support

    2. Site Suggestions

DC9Faster

What would you do with a 1 million dollars?

Recommended Posts

Affalterbach

Since you cant life of off 1 million, i wouldnt spend it all. I probably would invest in a gas-station. Its my dream to own one, one day.

Share this post


Link to post
Share on other sites
B Dawg

Well, assuming this $1M is a winning rather than something you've earned and accumulated over time, I could get creative here.

 

1. Hire a lawyer. This is especially important when an individual wins the lottery - depending on the state or federal laws you'll have a certain amount deducted...but for keeping things simple let's pretend a tax on this winning doesn't exist. $1,000,000 winnings with no strings attached - I would hire a lawyer immediately to ensure any future ventures or investments go smoothly (as well as to protect myself from any competition)

 

2. Subtract $100,000, put it in my bank account. This is basically fun cash that I can do whatever with.

 

That leaves me with $900,000 (again going with the no tax rule.) Next I would...

 

3. Subtract $750,000 and use it to invest. The outcome will obviously vary depending on what you invest in and the time that you do. Some people come out fine, others go homeless after investing in fads - so ideally it would be short sparks in very concentrated industries. This leaves me with $150,000, which I would invest in a Roth IRA. This also covers my behind in case the $100,000 "fun cash" is used up by then.

 

4. Wait a really long time and stay frugal with the $100,000 fun cash. Assuming you invested in the right places, your lawyer covered anything scary, and you left the Roth IRA alone until you've lived beyond about 50 (assuming you make it there anyway) everything should be on the up and up. Or 7th is just really bad at finances and he'll be left penniless

I'd do similar to what you'd do, only I'd handle the finances a bit differently.

- 600k for investments

- 100k as money I wouldn't touch/in case of emergencies

- 50k to charity

- 250k spending money for things such as:

 

1) Buying a crap ton of music albums online that I've listened to over the years, supporting all the wonderful bands that have brought me such joy;

2) Get in contact with band booking organizations and try to get more/specific bands to come play/tour in our country, to share my love of rock n' roll and heavy metal with the rest of my people;

3) Apartment and car of my own

4) Figure out what else I'd want

Share this post


Link to post
Share on other sites
Gnocchi Flip Flops

1) Pay down college loans. ($40k maybe?)

2) Ford Focus RS or used Lexus GSF (haha depends would be my first car). ($whatever the RS costs or $67k.)

3) Big down payment on a small but really nice one story on the north side of town. (that house would cost from $190-350k with latter being really nice.)

 

If I'd have any left I'd save it and/or invest it.

Edited by Scaglietti

Share this post


Link to post
Share on other sites
Leftist Bastard

Since you cant life of off 1 million, i wouldnt spend it all. I probably would invest in a gas-station. Its my dream to own one, one day.

Assuming you'll spend a modest 50,000 a year [iIRC its the average income of an American household] it should last you a solid 20 years without any work at all.

Share this post


Link to post
Share on other sites
feckyerlife

Well, assuming this $1M is a winning rather than something you've earned and accumulated over time, I could get creative here.

 

1. Hire a lawyer. This is especially important when an individual wins the lottery - depending on the state or federal laws you'll have a certain amount deducted...but for keeping things simple let's pretend a tax on this winning doesn't exist. $1,000,000 winnings with no strings attached - I would hire a lawyer immediately to ensure any future ventures or investments go smoothly (as well as to protect myself from any competition)

 

2. Subtract $100,000, put it in my bank account. This is basically fun cash that I can do whatever with.

 

That leaves me with $900,000 (again going with the no tax rule.) Next I would...

 

3. Subtract $750,000 and use it to invest. The outcome will obviously vary depending on what you invest in and the time that you do. Some people come out fine, others go homeless after investing in fads - so ideally it would be short sparks in very concentrated industries. This leaves me with $150,000, which I would invest in a Roth IRA. This also covers my behind in case the $100,000 "fun cash" is used up by then.

 

4. Wait a really long time and stay frugal with the $100,000 fun cash. Assuming you invested in the right places, your lawyer covered anything scary, and you left the Roth IRA alone until you've lived beyond about 50 (assuming you make it there anyway) everything should be on the up and up. Or 7th is just really bad at finances and he'll be left penniless

you forgot about step 1, the lawyer fee.

Since you cant life of off 1 million, i wouldnt spend it all. I probably would invest in a gas-station. Its my dream to own one, one day.

no money in gas stations. you only make pennies off the gallon, you make more on sales from inside the store. but you can life off the million easy.

Share this post


Link to post
Share on other sites
Affalterbach

 

Since you cant life of off 1 million, i wouldnt spend it all. I probably would invest in a gas-station. Its my dream to own one, one day.

 

Assuming you'll spend a modest 50,000 a year [iIRC its the average income of an American household] it should last you a solid 20 years without any work at all.

 

Since you cant life of off 1 million, i wouldnt spend it all. I probably would invest in a gas-station. Its my dream to own one, one day.

 

no money in gas stations. you only make pennies off the gallon, you make more on sales from inside the store. but you can life off the million easy.Yeah you can easily life off the million, only if you dont spend any of that money on other things... So that means you have a million, but no luxury. Gas stations do make good money, and if it has a shop its a win win. It all depends on the location tho. Edited by Affalterbach

Share this post


Link to post
Share on other sites
Murciélago

I was gonna say "buy a Zonda Cinque" but I realized that I would need $13 million more for that...

Share this post


Link to post
Share on other sites
HOUSTON_SHERIFF

Give it to charity and use it to help the poor

Share this post


Link to post
Share on other sites
Rafae

Just a million? Oh right you mean real life and not GTA lol

 

I'd probably buy me a sleek looking super car and then use the rest of the $$$ to buy a mansion. I'm selfish yeah idfc.

Share this post


Link to post
Share on other sites
Michael

I would probably buy a very nice camera and travel around the world, capturing the beauty everywhere, then buy a house somewhere. And with the pictures I collected I'll make a book and earn money with it. Oh, and I would go to a lot of concerts, a lot of them.

Share this post


Link to post
Share on other sites
Blaze

drugs. lots of drugs. and punch bjork in the face, not necessarily in that order.

Share this post


Link to post
Share on other sites
Gnocchi Flip Flops

I would probably buy a very nice camera and travel around the world, capturing the beauty everywhere, then buy a house somewhere. And with the pictures I collected I'll make a book and earn money with it. Oh, and I would go to a lot of concerts, a lot of them.

Traveling the world sounds fun. I'd go to Germany and find my birthplace or something. With all else set and savings/investments I would have the money and time to travel going off of what I said in my last post.

Share this post


Link to post
Share on other sites
Mattodon

Pay my debts, get a reliable car, go back to school—multiple times

Share this post


Link to post
Share on other sites
SpooferJahk

Buy a few games that fetch for high prices on eBay, then use the rest to live life pretty decently for a while.

Share this post


Link to post
Share on other sites
Fuzzknuckles

Turn it into 100 million pennies then throw them all off the top of the Empire State building.

Share this post


Link to post
Share on other sites
Blaze

^ I carried roughly £100's worth of 1/2p's in a bag to those machines that exchange it for cash and afterwards it felt like I'd done a training session with mid 80's ripped Arnie, good luck with 100 million of the f*ckers.

Share this post


Link to post
Share on other sites
Fuzzknuckles

^ I carried roughly £100's worth of 1/2p's in a bag to those machines that exchange it for cash and afterwards it felt like I'd done a training session with mid 80's ripped Arnie, good luck with 100 million of the f*ckers.

Maybe I'll hold back a grand or two to pay for some burly men (or women, this is 2017) to carry that sh*t for me.

Share this post


Link to post
Share on other sites
Leftist Bastard

Buy so many movies on Blu Ray I could literally sleep on them.

Share this post


Link to post
Share on other sites
Fuzzknuckles

That wouldn't be very comfortable.

Share this post


Link to post
Share on other sites
ChengizVlad09

I'd let it work for me, so it can produce many of its twins.

Share this post


Link to post
Share on other sites
JuniorChubb

I would try and change my life as little as possible...

 

I would also consider using some to take R* to the small claims court to get those PC players their money back from the thieving gits.

Share this post


Link to post
Share on other sites
The Deadite

With that kind of money i would be a king over here lmao

Share this post


Link to post
Share on other sites
Hullian111

Well,not me, but pay mortgage, get better car, bed, maybe new house, and for me, hopefully get out of this hellhole of a country.

Share this post


Link to post
Share on other sites
Tokasmoka

Ha, $1 million dollars wouldn't even buy a nice house here in BC. It is beyond retarded. Look up real estate prices and Vancouver, I mean it is the most beautiful place to live but it's not that beautiful!

 

But to answer the question I would sell my condo and buy a detached house and would still probably owe money.

Share this post


Link to post
Share on other sites
Vigilante88

Buy a house for 200k-300k so I can finally have a stable home and a place to start a family (of course I'd have to find my true love first)

 

Buy a NSX

 

Put away 200k

 

Invest the other 400k into a few of my ideas, short films, passions/hobbies etc.

 

I like to create stuff...to say the least.

Share this post


Link to post
Share on other sites
THC

I'd buy some guns and a bunch of drugs lol.

Share this post


Link to post
Share on other sites
Algonquin Assassin

 

 

Hold the world for ransom obviously.

Share this post


Link to post
Share on other sites
Blaze

i'd like to say i'd live moderately and invest it all carefully in stocks and high interest bank accounts but given where i live in the jolly old north of the UK i'd dead in a week from either being stabbed and robbed or a drug overdose

Share this post


Link to post
Share on other sites
Evil empire

-Buy a nice house

-Create an independant media to fight among other things against the inequalities

Share this post


Link to post
Share on other sites
John Smith

A million would be plenty enough for me. Where I live, 250k would get you a 5 bedroom, waterfront house. Why would I even need that? I wouldn't. But it would be more than satisfactory. What would I do with the rest? Buy a nice Jag, spend a further, I dunno, 150k securing my family's future, and done. The rest would be spent on the occasional holiday - which I hate anyway - and making sure my bills were covered instead of pissing it away on something that isn't necessary.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×

Important Information

By using GTAForums.com, you agree to our Terms of Use and Privacy Policy.