Sometimes I think about this question. Usually, this question is something I ponder after hearing Pandora kick over some Barenaked ladies or hearing “Billionaire” and thinking about how wasteful that song’s lyrics really are. Yay for wasting money and using it on frivolous shit like visiting a different city everynight! Don’t get me wrong, it’s a fun song to listen to the music of but the words frustrate me.
Anyways, what would I do if I had a million dollars?
First things first, I would pay off our student loans, our house, and any debt we have. That would free up a couple thousand dollars a year that we could save, invest or donate to charities we love.
Secondly, I would probably make sure that both my brother and brother-in-law’s school was paid for in full. The money wouldn’t be given to them directly, because frankly sweating that debt for a couple years builds character. It would probably go into a savings/investment account that they get word of once they graduate and have survived on their own for a couple years. Yes, I realize they both have the opportunity to read this, but my “finding” $1,000,000 is not very likely, so it doesn’t really matter.
Our car would be fixed up to near new condition and sold, then a new-to-us SUV or truck would be purchased in cash for Melissa.
The 4Runner would get a full overhaul by a local auto shop. Enough to make sure it was in near brand-new condition. Why not a new car? Because I love that stupid truck and if it had a bit of work done, it would be perfect. I would also love to make sure I had the workshop in my garage that I would love to have including tools, a lift, and a compressor should anything else come up with the vehicles. I like fixing the vehicles myself and not paying someone else to do it. The full overhaul would be done by someone else because hopefully, they know a hell of a lot more than me about my vehicles.
I would probably have a contractor go through the house and find/fix all the little things that need to be done to make sure there’s nothing we have to worry about or that we haven’t noticed.
A vacation would be really nice, maybe somewhere in Europe, Asia, or near Australia/New Zealand.
At this point, I probably would have around $500,000 left (assuming my math is correct). Some of this would be put into a savings account to make sure we have 6 months of expenses available to us should we need it. The rest of the money would be used to fully fund retirement plans for Melissa and I, college funds for the kiddo, and then the rest would be used for investing into some very diversified and safe investments that would guarantee that we don’t have to worry too much about money until we die.
You are probably saying to yourself, “This is boring, why did I read this?”
My answer to you is, “I have no idea why you read this, but this is what I would do.”
Why wouldn’t I put the money into nice new cars, a new house, or a pimp suit and some bling for my pimp hand? Because that’s ridiculous. My dream isn’t to be flashy or pimptastic, my dream is to not have to worry anymore about the day to day expenses. I am in no way complaining about our situation, because I love where we live and how we live. We make enough money to be happy and comfortable but not necessarily perfectly-comfortable. This is just how things have worked out and I’m not sad or upset about it at all. I just know what I would do with the money should it ever find it’s way into my pocket and thought I would share.
If you are being totally serious and honest with yourself, what would you do with $1,000,000?
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