Gray Jugo 10/27/14
If I won A Million Dollars
What I would do if I won one million dollars. It is safe to say that winning a million dollars is an overwhelming feeling to anyone, unless you happen to be a billionaire. Although a million dollars is a lot of money, it isn’t enough to set you for life completely. That is why if I won a million dollars I would do some research people who have won the lottery and end up broke. I can use that as a guide and learn through others mistakes. With that begin said my process would be to spend money on myself, save money for the long term and make strategic investment.
The first thing I would probably do is splurge. I personally don’t think there’s no wrong with spending some money on yourself; just make sure you spend your money in moderation. I would also buy myself a car, house and maybe some jewelry. Most importantly, I would spend a big portion of the money on my mother only because I’ve witnessed my mother struggle so much to just maintain a roof over our heads .
After I spend a portion of my money on tangible items, the next step would be to save and stretch my money throughout a number of years. For instance, if I wanted to get a nice car and nice house I would have to make sure I have enough money to maintain the expenses of both the car and house. I would make sure I keep enough money to keep my bills paid for at least 5 years. I say 5 years because if I execute my plan correctly and effectively, by the time 5 years go by I would be financially stable on my own without relying on the million dollars.
My last action would be to invest. We live in a world where money is one of the most valuable resources. With that being said, I would like to have that resource for as long as I live. That is why I believe if I handle my money properly by both making logical investments in the stock and investing in maybe my own business. I like to think about the future rather than the present so I know that it’s a...
What would you do if, for example, you won a million dollars in the lottery? Never mind your chances of winning are just slightly better than the chances of being abducted by aliens. Even so, winning the lottery is a favorite daydream for a lot of us.
If I had a million dollars, I’m guessing I would definitely crave for more. Perhaps I would try to discover a way to double the million, preferably not using anything against the law. It seems that no matter how much money you have, it’s never enough. Lots of hands are reaching out, even now, but there’d be many more reaching out if I had a million dollars!
Nevertheless, I’d admit that having a million dollars would be a lot of fun. I wonder how much of a million would be left after tax? Yes, I’d most likely give at least a tenth of it to the church and some to the charity. I’d even give some to help the folks who can’t help themselves, but, unless I suddenly became some kind of financial genius, all that money would disappear quickly.
Of course, if I had a million dollars, I would spend a lot of it on myself, hopefully not too selfishly, but first of all, half of what was left would be safely stored at a bank in Swiss for future use. After the money was stored, what I spent with the rest of it would be history. Perhaps I’d get a few houses in the tropical islands, a couple of new computers, laptops, and walk-in closets in each, advanced payment for the CDs I wished to own.
I’d also to invest in a six-year trip around the world with a year for each continent and three more months in Antarctica, and loads of material things would satisfy me, but who knows what I’ll have come up with by then. After I’d gotten what I wanted for the time being, I would give some of the remaining money to my family and relatives for them to split among themselves, and perhaps some of it on educational benefits for me. If I were older, though, I would certainly need to spend it on my family, on cars and groceries, and all the required expenses of an adult. It hurts my head to think about all the numerous possibilities – and, the problems, of having a million dollars.
Yet then, again, with bizarre things like this, only God knows. Would I not be obsessive with my money and live a normal life, or would I think I deserved everything because I had a million dollars? I could go on and on about what I’d do with the money, but truthfully, I would think about the money and what worth it had for me. After all, I’d be the one to own the million dollars, and what I do with it would be my choice and no one else’s. If you ask me, I’d like to keep things simple and not think too much about the possibilities. I’d like to think that I’d simply be a million dollars richer! All right, so send in the million, and we’ll see how I do.