HookdonWDW said:
In the spirit of getting to know each other and trying to get to 10,000 posts, here is a question for all of you...
If you won $1,000,000.00 what would you do with it? Rules are:
- You have to spend the entire amount
- You can't put the money into savings or a non-material investment
- You must spend at least $250,000.00 on yourself/your household (can't be for kids college etc...)
Okay, this is after taxes, right? That takes care of a good portion of it.
I'll give it a shot.
Since my kids are pretty set in this area and don't usually want to move, I'd look into a tear down on our existing property and rebuild a bigger house. Something we should have done long ago, moved up, but somehow didn't want to uproot. At this point, it's almost a bit late.
Next would be to secure the futures of both my mom and MIL. My Mom lives in a nice assisted living facility -- but it gets pricey out of pocket. My MIL is another story. Although she could afford to sell her property and move on, she's stuck where she is by her choice. I'd find a way to allow her to live where she's at with much, much better accommodations (see I don't really dislike her all that much, she's just a PITA and a head case a lot of the time).
Gary also has a brother with Down Syndrome that I would secure his living arrangements for his lifetime.
My brother is currently living in a mental health facility. Someday he may learn to live on his own, in which case, part of my money would go towards his future living expenses for his lifetime.
Heart association is a big one for us with all the heart attack deaths in our family -- my Dad at 60, my brother at 48, Gary's brother at 38, Dad's Dad at 70, my mom having a stroke, my sister having caroided artery disease. They would definately get some funds.
Any left? I'd buy some property someplace between here and Florida. As much as I could so that someday, we'd have a place to retire and enough room for the kids to build their own retirement/vacation homes on but still feel as if we are far enough apart from each other to have our own space.