If you inherited 3 Million dollars what would you do?

[ssatterly]

Well 1st i would pay off all my bills, open up saving accounts for my kids, pay off my mom's house, by new cars for my family, take a disney cruise and extend my Disney Vation along wth staying in a suite at the GF. And I would take flying lessons to get my private piolts licence.

The with the rest of it i woul invest for the future.

And what would YOU do?

 

[mmausse]

After paying taxes, which would leave about $1.8 million - I would set aside 10% for donating to charity. I would put in a pool in my house and add a first-floor master bedroom suite. I would buy the surrounding property around my house to protect it from developers and put all the acreage in conservation easement (to protect from development in perpetuity). I would set up college trust accounts for my niece and nephews. I would go to Disney Boardwalk for 2 months. I would invest the rest.

 

[Planogirl]

I love questions like these and this is timely since my husband was recently laid off.

First of all, I would pay off everything. I would love to have very few bills for once. I would also buy another vehicle because having only one is really awful. I wouldn't get anything fancy, just a small SUV of some kind.

I would take a few trips to a few favorite places including Egypt which is a big dream and Holland to see family and where I "came from."

Finally, I would love to help where I could. I would help my brother and his family get out of debt. I would help an aunt that struggles way too much from month to month. There is also an old hotel in west Texas that desperately needs someone to step in financially. I would help there and also give to a few favorite charities.

Of course, I would invest a big portion of it too. I love thinking about this!

 

[Kitty 34]

Buy as much land as I could and not develop it.

 

[luvmarypoppins]

This question is just too easy, our kids school needs a new gym and it will cost 1.3 million and we dont have any money yet. Personally, I am really blessed and we are teaching our kids to have a good work ethic, etc, to be wise and good money managers etc, not to have too many "treasures" on earth. Well all our friends know that dh and I are now the only people left in both our familiys, so we have inherited everything we have anyway and there is still more to come. I dont know what it will be and we really dont care, whatever God chooses to bless us with, so be it. The town might buy the land for a park and condem it on us or a builder might want it, this wont happen for 4 years until his cousins cooperate with us, if not, who cares, we are renting out our share. We give alot of money away to people (church etc.)and lots of our stuff too.

 

[Shel]

The first thing I would do would be to tithe 10% to my church. I'd like to see the ladies faces when they count the money for that week!

I'd pay off all mine & my parent's debts, buy a house in the country, and a new vehicle. Create a college fund for our DD. Invest the rest.

 

[Mr.MouseFan]

If I inherited 3 million, I would scream like a girl and pass out....LOL

 

[syncer55]

Probably give away to relatives, invest, and charities.

 

[lucky_bunni]

I would buy a nice sized wooded lot somewhere and design and build my dream home on it. Then I'd buy one of the new Land Rovers that are coming out. And pay off my parents morgage.

 

[shortbun]

Sell this house, build one in the middle of the
woods. Go on a six week safari. hire a trainer to excersize
with me, a cute one. I'd also set up some housing for
homeless families. Invest in my future.

 

[ssatterly]

I think I would still work though. I am the type i get board easy so after I did everything I wanted to do I think I would either open my own travel agency OR just work in one for fun.

 

[vernon]

I'd spend 25% on women, 25% on wine, 25% on having a good time.... and the rest I'd waste ( I think that's the quote from W.C. Fields )

In answer to the question, I'd buy a reasonable amount of land ( couple of acres) and build my "dream house" on it. That shouldn't take more than $500k . Put maybe another 100k away for college fees for mine and DG kids . The rest put away for future vacations, spending and living. It sounds like a lot of money, but I think it would be easy to go through without proper planing and control.

 

[Laura]

1. Get an unlisted phone number.

2. Talk to a financial adviser.

3. Quit my job.

4. Take an awesome trip.

5. Buy a house.

6. Donate piles of $$ to my favorite charities.

7. Write that novel.

 

[mudnuri]

well, geez that much money....lets see-

35% of it would be gone to taxes I'm sure!...after that in this order.

I'd pay off my mortgage, and move my mom into my house..she needs a single story due to her condition....

I'd buy DH a brand spankin new 'vette, since he traded his 89 in for my suburban years ago.

I'd build our dream house, complete with "brady bunch bedrooms for the kids"...you know- two bedrooms with a bathroom in between!..

I'd invest for the kids, set up in some sort of trust that they didnt get it till they were 30 or so...

I'd invest for my nephew...and pay off my brothers house for him

I'd by me a new bike, a 'busa like DH's

I think I'd keep my envoy, i love that truck, so no new rig for me right off

I'd donate to my DD's elementary school, they have a big space issue, and need an addition put on....Id donate to that, but no other charities

Brandy

 

[chrissyk]

I'd put it in T-Bills and live off the interest, provided that the T-bills were paying a reasonable rate of interest. I know...I'm so boring

Maybe I'd make one little splurge and get DH some more DVC points at VWL if I could find the right resale contract

 

[ducklite]

Pay off my mortgages, give some to charity, take my mom to dinner, because I know she wouldn't let me do anything else for her, send my in-laws to Vegas (I suppose sending them to Antartica on a one-way ticket won't work, will it?). I'm sure I'd do something for our nieces and nephews, maybe have a small splurge for us, and then invest the rest.

Anne

 

[crz4mm2]

Pay off all my bills. Build a new house. Build my mom a new house.
Take the whole family on a big trip to WDW

 

[The Mystery Machine]

Pay off my debts and be debt-free

Set up 2 trusts for my dd's

Set up large retirement $$$

finish my basement

put in pool

......that would be so nice.......

 

[Disney Doll]

I would donate to my church and a favorite charity.

I would redo the downstairs bathroom.

I would add a 2 car garage with a family room above it.

I'd share it with our families.

I'd put the rest away for retirement.

Maybe I'd buy a few more DVC points too!

 

[Octoberbeauty]

I already think about this waaay to much, but here goes:
First of all, I'd buy a house and a new SUV.
Pay off my student loan
Take a 2 week vacation to Disney World staying Poly Concierge-taking all family members that want to go
Give to my favorite causes and Charities
Share with my family
Put away for my children's college funds
Buy a vacation home on the lake in Hot Springs
Invest/save the rest