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

[Opera Ghost]

You're right, that is depressing.

Our only hope is that all the monster collectibles and other junk treasures we've accumulated will also increase in value, and we'll all be able to live off the proceeds of slowly liquidating our collections.

OK, unlikely, but I'm trying prevent us from all going off the deep end here!

LOL...I was about to ask "So, how's that working out for ya!" but you pre-empted that!

[Wicked Lester]

It really depends upon what life style you have now and are willing deal with in the future. If you do the homework there are many many low crime/nice areas that you can buy a 1,200 sq foot ranch for like 70 K. That is a drop in the bucket compare to the 1 M after taxes. Aas long as you can cover the meds and don't have to work you are good to go.
My Mom  who past away almost 6 years ago lived on her meager S.S and her interest of $300 K on her sold house for 3 years and left us kids like 50 Gs. Thanks Mom. Live cheap and invest smart. That is the key.

[Gillfan]

Lester, you are on the right track BUT the issue is that we don't know what the future hold. Property taxes could shoot up higher than expected, the government could decide to change the tax rate for interest income. Its a gamble. Right now $1 million sounds pretty good, I certainly wouldn't refuse it, 50 years from now, it will have a heck of a lot less buying power.

A few yars ago I was in the hospital for 4 days with food poisoning. The bill was over $20k. Luckily my insurance covered virtually all of it. Imagine a situation where insurance didn't cover it, image a larger bill, and imagine being on a fixed income. Things get scary fast.

All that said.. lets get back to the monsters we enjoy!

[BaronNightshade]

Actually i know a guy who has accumulated millions, he owns a little duplex in an out of the way little village and drives the same Jeep he has as long as i have known him, he retains his money by not spending it - living modest, in a low cost of living area of the country goes a long way towards making it last, it may not be fun it last that way.

[Dr. Madd]

Pay off all my house, car, my wife's college,

[Monsternutt]

Buy Dr. Shocker's Monster Collection!

[Radioactive Rod Whitenack]

I'd back a truck up to Danny Roebuck's backdoor, tell him his worries about what to do with his collection are solved and hopefully open a Monster Museum like Count Orlok's Nightmare Gallery in a hip section of town here in Louisville with the first half devoted to wax monster displays and horror history memorabilia and the second half devoted to the Roebuck Collection.

That may be the longest sentence I've ever typed.

Then I'd work there everyday, build a small apartment upstairs and open a small grindhouse, drafthouse type theater on site to show monster movies and other unusual cinema. I'd have sleepovers in the museum for friends!

Jeez, I think I overspent my million dollars.

[Anton Phibes]

1. Keep it a secret.

2. Open up a savings account  in each of my children's names and put 100,000.00 in each acct.. Keep it secret until they turn 24.

3. Pay off my house.

4. Invest $100,000.00 in a Haunted attraction or comic book store, and keep it a secret as well that I am owner. Just let the patrons believe I am just another of the employees.

5. Stick the rest in a savings account.

[raycastile]

What would I do?

Blow it.

[BaronNightshade]

1. Keep it a secret.

2. Open up a savings account in each of my children's names and put 100,000.00 in each acct.. Keep it secret until they turn 24.

3. Pay off my house.

4. Invest $100,000.00 in a Haunted attraction or comic book store, and keep it a secret as well that I am owner. Just let the patrons believe I am just another of the employees.

5. Stick the rest in a savings account.

Those are all smart and very responsible steps to take, you would make the most of it the best way you could.

[raycastile]

Jeez, I think I overspent my million dollars.

You see, you blew it.  It's easy to do.  $1 million just doesn't go very far.

[Dr. Madd]

If I were to win enough money to retire on, I'd send my boss a singing telegram to quit.. With these lyrics, done to "row your boat"

Roast , Roast , roast in hell
burn until you're black
down into the pits you go,
never to come back

burn burn burn in hell
a bastard you have been
I hope you get your nuts chewed off
by a wolverine.

[marsattacks666]

A million dollar these days isn't really a lot. But, if I did have that kind of cash to blow.
Then I would give a generous amount to my Patents and my Wifes parents. Without
them, we would have never been able to live through the tough times.

[BaronNightshade]

We do indeed have to care for family as marsattacks666 rightly stated, that is a definite limitation.

As for the limerick by Dr. Madd, i love it - "You so Crazy!"

[Dr. Madd]

Thanks.