If you won 1 million dollars, could it be enough to retire? Could you stretch it out by investing to make it work at 18? How many would spend it all?
by 
Stormin
ANSWERS: 6
-
put it in the bank and live off the interest.
-
I wood catch up on my bills invest a lil then spend the rest on myself
-
I could easily live off of that for the rest of my life. I could even share some of it.
-
Yes. You would need to live modestly so that your base could keep up with inflation.
-
I would spend it. Pay off debt, get cloths for kids, stock the fridge...But if anything I would love to buy land and housing for my parents. They live rental know becuase of a downfall, and I owe them...everything. It would be a joy to make them happy and let them relax in a beautiful country side area. Small, yet satisfying. Then the rest of it we would see what good things could be invested. But I wouldnt stretch it out, but put it to good use...I dont need alot of money, or to hoard it. But I wouldnt waste it on crap.
-
I'd end up paying taxes on it, which means at least half would end up going to Uncle Sugar. Investment? Carefully yes. But I'd still have to work the first 20 years or so. Safe investment is an oxymoron. Got Madoff?
Thriftymaid 
Moongrim RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC