How would 1M change your life today?
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A house, a new car and if I can, my mom a house. That's it?? Help my family with whatever. : u ;
Then I'd just keep working. -
Pay off my debt.
1M is not even enough to buy a house. I won't buy a house now coz i have been hearing stuff like the market is going to crash.
I wanna say I will invest the money but i would probably make a loss since i am not experienced.
The ideal option will be to pay off my debts and then research or find a financial advisor that will help me invest the money to make profits.
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Now we're starting to get serious. Unlike in the 10k and 100k cases, 1 million would allow me to start thinking about early retirement, which is obviously a big benefit. I'd probably splurge a bit with the funds, then simply invest the rest.
Though, I will have to say that my daily existence probably wouldn't be drastically impacted. I have no student debt, no automotive debt, and no credit card debt, so no need to pay any of those off. The parents/family are doing fine, so no need to help them out. I already own my own home, and though I do have a mortgage, it doesn't really make sense to pay it off given that the money can likely garner higher returns in the equities market. So basically, the short term impact of the funds would largely be driven by the implications of its long term impacts.
On a related note, the OP should follow up this thread with a $10 million version.
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I would be able to buy a house and pay for a certificate program... And get a job with said certificate, which I haven't been able to do with my degrees and unpredictable schedule.
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i'll drop out of school and invest in probably property or very stable stocks and collect dividend for the rest of my life
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