If you received one million dollars today, would you donate it or spend it all?

Question

Out of curiosity, I always wondered if I would do this. If I received a large sum of money - would I keep some of it, or give it away? A friend once told me that the happiest lottery winners were the ones who gave a great deal of their money away. I haven't won the lottery (yet) but I am not sure if I would ever give it away (if I won).

Answer 1

INVEST SOME.

SAVE FOR COLLEGE, A CAR AND A HOME SO I CAN OWN A PLACE IN COLLEGE TO RENT TO OTHER BROKE COLLEGE STUDENTS.

THEN I WILL TREAT MYSELF.

Answer 2

Did you see the today show about that family that sold there house because the teenage daughter wanted to? That project is amazing, where they spent the money on a project in ghana. That 14 year old kid who made the documentary, their brother, is my best friend. seriously, we go to school together. anyway, i'd donate to their project.

Answer 3

Id pay bills....and once Im debt free I'd live comfortably...

Answer 4

I WOULD DONATE 1 MILLION DOLLARS TO MULTIPLE ANIMAL CHARITIES LIKE THE ASPCA........THE REST I WOULD ENJOY WITH FAMILY AND FRIENDS...THE ONES I HAD BEFORE I WON THE MONEY.

Answer 5

Invest it all. When you got more than you need, then give it away.

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Answer 6

I would put fuel in my car and pay my rent and utilities for a year and buy some groceries.. by then it would all be gone.. (don't forget what the govt gts for taxes).. Well, maybe not ALL would be gone but with today's economy you get the point.

Answer 7

Neither, I would invest the million and live off the interest NEVER TOUCHING THE ORIGINAL MILLION.

Answer 8

I would certainly  put a good chunk of it  in saving bonds and such, keep a bit of it for trips and current needs, and give a small portion to charities.

Answer 9

hello - i would invest what was left after taxes and use 50% of the interest earned to work on conservation things, either through ecotourism or flat cash contributions.  I would continue to work until I have 2.5 million banked, then I would retire.

Answer 10

After paying my taxes, I'd  buy my wife a quality pair of diamond earrings, a new Porsche for myself, donate $100, 000 to the MAKE A WISH Foundation, and invest the remainder in some raw California real estate I have my eye on.  Thank you for allowing me this fantasy, lol, how about you?

(PS-doing for others is one of the greatest feelings in the world)

Answer 11

oh i wouldnt spend it all on myself but i wouldnt go donating it to people i dont know either...ive got plenty of family and friends who could use the help first. why should i watch the rest of my family stuggle to get by while i have money to blow?

Answer 12

Invest half.

With other half, pay for my education... then go insane!

(no i wouldn't donate it, but I would spend a lot on family who have already spent tons on me!)

Answer 13

i'll sober up then decide what i'll do with the money

Answer 14

I'd pay off my house, and pay my utilities a year or two in advance, and I'd keep the rest.