You Just Won A Million Dollars

[kakalina]

OK You just won a million dollars in the lottery


Where do you go???

[CateW]

Directly to the lawyer to set up a trust; after that, rent a limo and go to my office and give notice. After that, I'd have to think about it since we have a cruise planned for July and are going to San Juan for a long weekend on Wednesday.

[elmorejj]

Straight to the airport to catch the first thing flying to get me home to England. Once there, I can sit and think about all of the places I can now go to........Pack? no way, buy everything I need when I get there.........jean:cool:

[dot73]

I guarantee that I would be on a cruise ship within five days of cashing the ticket.

[localady]

The check would go to our investment guy so we could live well on the capital....sans 50 K, that would be used to do a little celebratory cruising. Imagine the deals you could get if you were able to book a few of those "last minute deals" on a some suite accommodations!!

I'd also contact my TA to see what World Cruise I could book for myself, DH and our boys...now that would be an education at sea for them!!

[cruisequeen10]

Booking the first cruise out of Vancouver. Wouldn't it be nice to book the highest category and don't have to worry how much it cost. Being pampered at all times. I have told my family if I won that much, we we all go in style. No money worries to think about.

[fridayeyes]

To the bank. Deposit that puppy, invest and live on the interest. I run a small non-profit, so I'd beef up my non-profit's budget with a CRT too. I'd pay off student loans, replace the beat up Ford (though not with something outrageous) and look into that cruise to Tahiti. HAL has this 30 day itinerary in the South Sea islands that I'm just drooling over.

[jhannah]

I also would head to my investment counselor and get things set up for maximum return. Then I'd book a couple of cruises and write a few checks to some worthwhile causes.

[HeatherInFlorida]

I'm with the investors. The check would immediately be invested in such a way that I can just draw interest and leave the principal. I would take a "small" sum to return to Fench Polynesia and stay for a couple of weeks on Bora Bora.

Other than that, I would change nothing. I wouldn't travel anymore, but I would definitely spend 4 months a year in the Northeast.

In other words, it would just make my life easier.

[caribbean dreams]

I'm with Fridayeyes, I'll meet you on the ship, the south seas sounds great to me.

[FoxyTerrier]

Before cashing it I would contact my tax attorney, move to Florida ASAP to avoid state income tax, set up college trust for all the little ones in the family, take the extended family on a cruise, invest the remainder and live of it's income.

When I see big cruising family reunions it always makes me smile.

[rkacruiser]

After getting the money invested, I would see if there were any of those condos for sale that line the channel overlooking Port Everglades. Then, contact my travel agent and book a world cruise!

[CCCM]

Lawyer first. Days off from work second (I can't quit). Voyage of the Vikings or some similiar long cruise (depends on the time of year). If the family wants to come, they are welcome.

While I am away, they can remodel my kitchen and bathrooms. :D

I need to find out what it is like to cruise with a verandah.

[LHC]

Tahiti, Fuji, and Bora Bora
LHC

[HeatherInFlorida]

LHC, see you in Bora Bora:) .

Joni, before you move to Florida just want you to know that while you save on state income tax, they take your left arm to pay for your homeowner's insurance.

You don't even want to know:( ! On the other hand, that $1 million will go a long way toward paying for it.:D

[trubey]

All I want is 1.3 million dollars. There is an old estate by me that is just calling my name. I can come up with the .3, but I need the lottery for the million. susana.

[Scrumpy]

Lawyer and CPA first. Then, most likely, we'd pay off our mortgage and land loan on our other parcel, make a few improvements here and buy a new place in New Zealand with a lot of land, so we can re-locate in 7 or 8 years. Might take a celebratory trip to England and France to catch up with all our family and friends there. Life wouldn't change much in the short-term except for the crews working on this place. (A million doesn't go as far as it used to!)

[Scrumpy]

Gosh - nearly forgot my family... probably find them another house. They went from smaller to larger and now they're talking about it being too much for them as they age. Maybe lock in a good price in their area since prices are depressed, then it'll be ready for them when they decide to move again.

[halos]

jeesh!!
By the time Uncle Sam gets done with it there will be NO need to go to a lawyer or start any trust funds.

The first thing I'd do is pay off the kids college for them, then I'd go straight to the travel agent and spend the rest there.

Life's too short. There would be no hesitation.

[Oceanwench]

jeesh!!
By the time Uncle Sam gets done with it there will be NO need to go to a lawyer or start any trust funds.

The first thing I'd do is pay off the kids college for them, then I'd go straight to the travel agent and spend the rest there.

Life's too short. There would be no hesitation.

I was thinking the same thing ... comes from being married to a CPA! He told me taxes would eat up about 1/3 of the million.

So I wouldn't quit my job ... I'd be investing most of the $667,500 or so ... but I would set aside some for a wonderful family cruise from Fort Lauderdale to ... wherever!!!

I would also donate some money to the local wildlife sanctuary and the pet shelter in our town.

[Oceanwench]

After getting the money invested, I would see if there were any of those condos for sale that line the channel overlooking Port Everglades. Then, contact my travel agent and book a world cruise!

Um ... the after-tax money might buy you a studio condo there if you are lucky!!!
And you'll have to put lots of money aside for the monthly maintenance fee, which is sky-high for any of those condos on the water!

[MikeT718]

For me if it is only 1 million I'd still have to work but there are some things that I could do with it as long as all the taxes are paid and I have the full million 200K to charity there are a couple that I know that really could use the cash. 200K to my family and friends who really need it..then invest 275K..Pay off our small morgage and new cars for DW and myself and when DS gets old enough something for him....And the last 100k into our vacation fund!!!!

[refman]

trubey,
yeah, that`s always my problem to, the 1st million.

[bruce-r]

Tahiti, Fuji, and Bora Bora
LHCYou're close. I'd skip Taiti and do Fiji, Bora Bora, then add Yap and Palau and end up in Australia.

[Aussie Gal]

If I won a million dollars I would first of all give half away to my favourite charity which is the Cancer Council here in Australia.

With the other five hundred thousand dollars I would give one hundred and twenty five thousand each to our two children - they are both comfortable so are not needing huge sums of money - and that leaves us two hundred and fifty thousand dollars which would be more than enough for us to do as many cruises and trips that we want to go on for the next few years.

We are both retired and live comfortably. I would not want to change our house or our cars or our lifestyle.

Jennie

[RuthC]

One advantage of getting older is you need to win less in the lottery. Once upon a time the pot had to be 5M to make me comfortable; now I do believe the 1M is sufficient.
But, first things first: let's check with the financial advisor when my numbers come in.

Then invest it in such a way that the income, combined with my pension, lets me keep my current lifestyle with the addition of more cruising. My favorite charity would see an increase in my annual donation. The grandgirls would be confident that college is paid. Then! :)
Maybe I could book a better cabin catagory? Outside instead of inside, maybe? And no more guaranteed shares on the longer cruises. :D

Dream on, RuthC. Dream on.

[kryos]

jeesh!!
By the time Uncle Sam gets done with it there will be NO need to go to a lawyer or start any trust funds.

Exactly. I was gonna say almost the same thing ... plus the fact that by the time you actually got the net check, your million would be down to around $500,000. That's really not a whole lot of money to play with. Of course, by the time you set up college funds for the kids in the family ... maybe paid off your own debts ... there might be some left for a few nice long cruises.

As for quitting the job ... I don't know. Work is so ingrained in most people that after a few months off, I have a feeling most of us would be kicking ourselves for making such a rash move.

If I won that kind of money, I'd probably put some in the college funds of each of my great nieces and nephews (five total) ... pay off my own debts ... and then see how quickly I could arrange a three-month leave of absence from my job so that I could take one of those "Grand Voyages" HAL is doing next year. I'd be leaning toward the European one ... 50+ days.

Blue skies ...

--rita

[Krazy Kruizers]

So after the goverment and our state take their big chunks, would invest most of the $660,000 that I would actually get. Save a little to do a world cruise.

[RuthC]

As for quitting the job ... I don't know. Work is so ingrained in most people that after a few months off, I have a feeling most of us would be kicking ourselves for making such a rash move.
You might be surprised. After my heart attack I decided that life is short and I wanted to enjoy whatever I have left of it. Whether or not I have enough money didn't enter into it.
Haven't regretted it for one single second. What will be, will be.

[kakalina]

After I buy the condo, and after I make sure my son has a comfortable amount, I think I would rent a permanent verandah cabin on HAL & sail off into the sunset until the time to be formally buried at sea.;)

[localady]

You might be surprised. After my heart attack I decided that life is short and I wanted to enjoy whatever I have left of it. Whether or not I have enough money didn't enter into it.
Haven't regretted it for one single second. What will be, will be.

RuthC-
I tell you, it's been 6 years and counting since my Congestive Heart Failure and open heart surgery. I like you feel the same way, I will enjoy the life I have left, and cruise as much as I can, while watching my boys grow up!!:)
My outlook on life is so different now, I wake knowing every day is a blessing! Indeed what will be, will be, and I, like you am gonna go out saying, dang that was one heck of a ride!:D

[Bookish Angel]

with emphasis on the remote, unspoiled places.

I would definitely try to wrangle an invitation to Antarctica's McMurdoe Station and a meeting with His Holiness the Dalai Lama at Dharmasala. I'd also want to see Angkor Wat, the sunken churches in Ethiopia and the North and South poles.

[RevNeal]

I wouldn't be ME if I were not serving in the pastorate ... somewhere. So, I can't quit the ministry. And, besides, a million dollars isn't THAT much money anymore.

However ... if I were to win or be giving a million dollars I would pay the taxes off the top and take the remainder to an investment firm, minus about $100,000 for a world cruise to celebrate and to pay me for a 1 year sabbatical leave. Then, back to the pulpit until I hit retirement. Meanwhile, I can cruise wherever I want to go without having to worry about the cost. In other words ... no more inside cabins.

If I won a huge amount of money -- several dozen million or more -- I don't know what I'd do. However, I just couldn't see myself quitting the ministry.

[kryos]

If I won a huge amount of money -- several dozen million or more -- I don't know what I'd do. However, I just couldn't see myself quitting the ministry.
That's because your's is not a job ... it's a calling. There's a big difference.

Blue skies ...

--rita