What would you do if you won 1 million dollars after taxes?

Started by Wicked Lester, April 09, 2010, 06:18:34 PM

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Wicked Lester

If I did I would do the following.
A. Put about $20,000 into upgrades inside my house such as a new kitchen all new doors etc and then put it on the market. I would by doing that even in this economy walk away with another 70-80Gs over what I owe.

B.The wife and I LOVE the smaller Victorian style houses (2000ish sq feet or so) and have found some in quiet small towns doing real estate searches for less than 1/4 mil in nice condition. I would buy one and quit my job.
We would paint it and decorate it the way we wanted. She would buy a new Dodge Challenger , I'd keep my 05 Tacoma but pick up a 69' El Camino. Now at this point I have about $650,000 left.

I would def buy a few top o the line pro props like a full sized RC Regan Exorcist prop so we'll say another $20 Gs between props mask movies and books in a big monster room.

Another $20,000 on built in gardens and such in the yard. I've already done that in this house I own now and did most of the work myself.

Invest $100 Gs in solid funds that would yield a minimum of 5-7% per year. We could eat off the interest on those.

Over a half mil left. Retired at 50 with investments and almost no bills but food/property taxes and the usual. Not bad. Make it to 63 and collect social security (if there is still such a thing) :-\

I would also buy a few fire arms (AR15) in case all hell broke loose during some upcoming upheaval /disaster

Now If it was 10 million I would honestly only keep 2 mil for us and give the rest away to worthy charities that are proven legit and around for some time. Mostly childrens and animals charities.

Next?

Sean

I'd buy that 1933 King Kong chomping head and donate it to Unknown Primate's new monster museum.

Unknown Primate

" Perhaps he dimly wonders why, there is no other such as I. "

Elisabeth

I would go back to London as fast as I could.  Business Class, Brit Air.  Don't need a fancy hotel or fancy food...just comfortable.  Then, I would GET MY AUTOGRAPH!  I know it's there...waiting for me..  I would also make a donation to St. Paul's, Covent Garden for a memorial actor's plaque.  I would spend the rest of my time, peaceably exploring...Book stores and Museums, and then come home.  After that, I would invest three quarters of what was left, and live on the rest. 

Elisabeth  ededed

"....America is the land of my birth, but London is the home of my HEART..."
"....I do hope he won't upset Henry..."

Paul L

Get better digs &  a vehicle, nothing out of middle class range, become a full time volunteer somewhere & enjoy being independently wealthy.
"Well friends, that's all there is to life: just a little laugh, a little tear." - Prof. Echo (Lon Chaney, Sr.)

Monster Bob



Stash it. According to the statistic makers, one million dollars is what we will need to be able retire comfortably.

CreepysFan

 Hit ebay and Cons for vintage monster collectables, until Karen gets ahold of me.  She could then be a comfortable widow with the remaining fortune.
" THIS BLANKET IS A NECESSITY.  IT KEEPS ME FROM CRACKING UP." - LINUS VAN PELT

BaronLatos35

#7
Pay off debt, give some to family, invest/save most, play with some and travel back to France for the wine and the Virgin Islands for the life. Any extra left travel some more...
"For one who has lived but a single lifetime, you are a wise man ...Van Helsing."
"I shall awaken memories of love and crime and death..."

drzeus

Add on a "vintage" theatre to my home complete with all the best large scale horror props available and the best projection and sound equipment to seat about 20 people (with a "museum" room to the side dedicated to all my collectibles).
"There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy."- Hamlet

hammerfan

move to somewhere thats warm and where uncle sam wont get his hands on my money
Have the Lambs stopped screaming Clarice?....Dr. Lector

Fester

Quote from: hammerfan on April 11, 2010, 10:32:24 PM
move to somewhere thats warm and where uncle sam wont get his hands on my money
He already did-- it did specify after taxes ::)

Me? It is so highly unlikely, I would probably have a fatal heart attack. ;D



raycastile

I would put at least $900K into savings for retirement or future kids' college educations.  I'd give some to local charities.  I'd pay off bills, get my affairs in order.  I might spend $10K on collectibles, tops.  I wouldn't go crazy on frivolous spending.
Raymond Castile

BlackLagoon

I'd take about 20k on fun.

Collectibles, I'd prob by myself a new bike and car thats driveable but in need of minor restoration--for later in life.
Thats it for that.

I'd buy a small house, and put the rest in the bank.

Maybe watch the economy and if theres money in it, buy another dump truck at some point.

Other than that, I'd pretty much stay the course.

I've realized I'm really simple and not very materialistic.

I'd also give a bit to some sort of animal charity.
"I send my murdergram to all the monster kids, it comes right back to me, signed in their parents blood"

Opera Ghost

About $30K to pay off the cars, and then into retirement! With a two year old now, at age 48.5, I'll be working until I'm 70!


OG
"In each of us, two natures are at war--the good and the evil. All our lives the fight goes on between them, and one of them must conquer..."

dlhenderson

Quote from: Elisabeth on April 10, 2010, 04:15:37 PM
I would go back to London as fast as I could.  Business Class, Brit Air.  Don't need a fancy hotel or fancy food...just comfortable.  Then, I would GET MY AUTOGRAPH!  I know it's there...waiting for me..  I would also make a donation to St. Paul's, Covent Garden for a memorial actor's plaque.  I would spend the rest of my time, peaceably exploring...Book stores and Museums, and then come home.  After that, I would invest three quarters of what was left, and live on the rest. 

Elisabeth  ededed

"....America is the land of my birth, but London is the home of my HEART..."

Nice thoughts Elisabeth. I lived in London in the early 80's and loved it. The Portobello antique market was amazing. It was all amazing.
As for the $, I would buy an effing bigger house!