With that little introduction, let's get on with the first entry, shall we?
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I have actually put a lot of thought into this question over the years because I'd love to be independently wealthy and never have to worry about money again. I also suffer from an overactive imagination.
The first thing I would do is pay off my parents' mortgage, so they wouldn't have to worry about the house. I would also give them money to create their dream kitchen and fix up the bathrooms.
Next, I would automatically put 30% into savings... for a rainy day, for vacations, for my children's education.
Then I would build boyfriend's and my dream house somewhere and sell our house now. Finally, I'd buy a new car -- the one I really want -- pay off my studient loans and other debt, and go on a relaxing two-week vacation in Hawaii.
I'm pretty sure that would account for all of it. Now that I actually budget it out, could I have two million?
What would you do with one million dollars?
1 comment:
Aw I think that is a great list of things!
Let's see, I would build my MIL and FIL a nice, new home to replace the old, small one they are living in now. Probably get them a modular since they don't need a lot of room and they'd want to stay on the land they're on.
Then I would pay off our townhouse and our car and buy property/cabin on a lake within an hour of where we live.
I would put a significant amount, probably 20 - 30% in savings, also. And I would take us on a nice vacation. Maybe back to Europe!
$1,000,000 doesn't seem like much these days does it? As sad as that is!
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