Okay , I just got 1 million dollars that I got from my birthday what do I do with it?

Question

Okay my birthday was yesterday and I counted up all of my money and it was a result of 1,499,174! =D

Now all I have to do is find something to do with it!

Anyone have any ideas? Knowing that I am in my late 20's and I am female =] Thanks to all ur answers!

Answer 1

Well I am a female in my late 20's. If you want to come over to Tampa, I could show you around (after the storm passes) and I say lets go out shopping!  

Answer 2

Drugs, gambling, and male prostitutes.

Answer 3

could help a poor fellow out of school loans... cause this economy stinks right now.... :) :) cant find a job with my degree to pay for it! lol just a thought.

Answer 4

I would diversify if I were you. Buy some real estate. Now is the time with so many foreclosures and the prices are lowest they'll be for a long time. Get yourself a good financial ad visor. But interview several before you go with them. Ask them how many points is their commission. Then I would spend some time listening to msnbc susy orman or cnbc investment shows. But something tells me that if you received that much money from your birthday, you are surrounded with people who have that much money. Just ask them. Why would you ask strangers? Something doesn't smell right.

Answer 5

Well it depends on what kind of person you are, if you like to put money into to charity, then there is something that you could do, but then you could also get a stock broker and find out which stocks are rising and buy some, then your money can grow, also you can buy a new car, house, appliance, take a trip to a different county..

Answer 6

If i would be you i would buy myself a beautiful Patek Philippe watch and i found a great website selling excellent watches.

Answer 7

donate some to charity, and make wise investments

Answer 8

Turn it into 2 million invest wisely and safely until you really need it. Buy a home if you don't have one  

Answer 9

If this were not fiction or just a question to see other people's ideas I would

say:

1)  Don't tell anyone!!!!!!! well uncle sam might hafta know

2)  If you already did tell someone tell them its in a trust

3)  place most of in a trust and see how you feel in 3 years

     seek the advice of reptuable financial group to do this.to see about the rights and responsibilities and if your money can grow in a trust.

4) be sure to pay the gift tax

5) do not tell any potential suitors about this $$$$ until they know

you for yourself,even then seek the advice of a trusted relative before you tell the boyfriend/partner

6) with regard to the money not in trust find out what the intent was

about how you should spend the gift.weigh these ideas with your

own.

7) With the money not in trust we'll say 200,000

   consider carefully how to spend it.Pay off every bill you have for 6 months.Oh yeah buy yourself Suze Orman book about women and

money.

8) If you give any of it to others be sure to do it of free will and not guilt

   or obligation if at all possible.

9)  consider anonymously giving amounts to charity this may keep you humble and your feet on the ground.

10)  REMEMBER money is not the secret to happiness.It could destroy a simple human existence.Find joy in the simple things.

Answer 10

I suggest that you see an investment counselor and put the money in tax-free bond fund, if you live in the USA. This will give you an income for the rest of your life that is tax-free and a relatively safe investment.

Regards,

Dan

PS Happy Birthday.

Answer 11

You can get a lot of burritos, or get your hair and nails done twice.