The main point is after covering my mom’s house and my family’s education, I would invest the rest. Spending the capital is a fast way to minimize your gain. I would probably splurge on one big trip, but that’s about all..Since this in addition to my protfolio, income and retirement, I would take half and invest in growth and the other half in tax free bonds.I am with krantcents. I will use the last portion in starting my own business. Until then it is just a pipe dream.We’d probably work for another ~5yrs to build up the funds to cover one last round of major home maintenance before retiring at 53/56 (roof, windows, septic, major appliances etc). The singer lists out all the things he’d buy – a house for his lover, furniture, a reliable automobile, a fake fur coat, a tiny fridge with pre-wrapped food, an exotic pet like a llama — ending the song with, “If I had a million dollars, I’d be rich.” The next wise decision would be investing that would give me enough returns for the rest of my life, it would be a lucrative venture or buying some bonds.Somehow made over a million, drive a nine year old car and have a house that is falling apart. I’d also avoid any private mortgage lending, barring very promising certain situations.I’d take $100k of that cash and use it for picking stocks primarily for As for the last $200,000, I honestly have no idea.
I hate to be that guy, but I honestly don’t know if I’d quit or not.Alternatively, what a great opportunity to start my own business. And if I had a million dollars If I had a million dollars Well, I'd buy you a K-Car A nice reliant automobile And if I had a million dollars, I'd buy your love If I had a million dollars I'd build a tree-fort in our yard If I had a million dollars you could help It wouldn't be that hard If I had a million dollars … What should I do with my remaining $428,000?That’s the big question, isn’t it? another c...You seem to have an Ad Blocker ON. 1 million bucks in a purely aggresive account makes on average 100k a year! Live life normally yet build wealth for generations to come.Be the first to know about all the latest topics on MapleMoney.Our goal at MapleMoney is to present readers with reliable financial advice and product choices that will help you achieve your financial goals.
And then I would go back to my usual life.I would pay off my mom’s mortgage, make sure I have enough cash to pay my tuition for the next 5 years, and maybe enough left over for my sister’s education. There was a popular song in the 90s called ‘If I Had a Million Dollars’. But there’s a 95% chance I will keep my job.Your reasonings seems flawed. Do post your comments below.it\'s a never fulfilling wish till one gets satisfied and on can never be satisfied. With the time to run them, I know enough about the business to make them profitable.I’d stick $100k just in the bank. There was a popular song in the 90s called ‘If I Had a Million Dollars’. I definitely do.
But if had a million bucks, I’d make it go away. Four years would cover the work, and the last year’s funds would suppliment the $30k investment income for our ~10yr retirement before 65 when other funding kicks in.1) get a good Tax Account who has their Financial Planner licenseIf I received a million, tax free or after taxes, I would pay off any debt that I had that was over 5% interest, since there is none (mortgage is sub 5%), I would put all of the money into about 40 dividend paying stocks ($25k each).That should reliably generate $45-50k/yr. But that last line, that you’d be rich, in this day and age, is debatable.I don’t mean that for everyone, of course. Having a million dollar from lotto, you should simply invest it in a trio of Index Funds tracking CAN (50%) , US(25%), International (25%) or something of that nature. Before we begin, a caveat. With that money, one can go mad. so it\'s a never ending process, one million, two million, .........you simply echoed my views when you wrote: \"if i had a million dollars could i retire?â \".. i believe one should relate the stagger...well i will invest all the money. Rs 6 crore/$1 million? I’m going to assume the million bucks is an inheritance, or lottery winnings, or something that isn’t taxed (at least in Canada). At this point, I’ve been blogging for 2 years now, and I understand quite a bit about the business of the whole thing.
Or on some yacht, sipping a champagne. ‘If I had a million dollars could I retire?’For the longest time, that idea of the millionaire held true. For $28k, I could buy a pretty decent new car, so let’s go with that. Today, when we have that image, we speak of billionaires. I think Canadian real estate in general is overvalued, so I wouldn’t be putting a nickel into that. It’s the freedom that only passive income can bring. Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. I have everything I need, and material stuff doesn’t really motivate me. Why would I? Wearing a black suit, staring out of a penthouse looking down at a skyline. I’d keep my job for at least 7 more years to guarantee benefits and a small pension when I turn 65. The million dollars then is just keeping up status-running the house, money.Something seems wrong with the world where a million is not enough.
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