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If you owned absolutely nothing and we’re given $1.1 mil cash

Posted on 2/2/20 at 9:58 am
Posted by PenguinNinja
Antarctica (and Japan)
Member since Sep 2011
2081 posts
Posted on 2/2/20 at 9:58 am
What would you do with it?

(Question is really $1.0 mil, but allocating $100k to the obligatory hookers and blow)
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76173 posts
Posted on 2/2/20 at 9:59 am to
I’d call my dealer first thing
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
34980 posts
Posted on 2/2/20 at 10:00 am to
Probably die.
Posted by rantfan
new iberia la
Member since Nov 2012
14110 posts
Posted on 2/2/20 at 10:00 am to
By land
Posted by dcrews
Houston, TX
Member since Feb 2011
30162 posts
Posted on 2/2/20 at 10:01 am to
two if by sea
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18894 posts
Posted on 2/2/20 at 10:01 am to
quote:

and we’re given


Grammar lessons?
Posted by LSURussian
Member since Feb 2005
126951 posts
Posted on 2/2/20 at 10:02 am to
I'd spend a third of it on booze and drugs, a third of it on strippers and loose women and the last third I'd just waste...
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48355 posts
Posted on 2/2/20 at 10:03 am to
Buy a modest house and invest the rest. Retire early.
Posted by BatonrougeCajun
Somewhere in Texas
Member since Feb 2008
6057 posts
Posted on 2/2/20 at 10:03 am to
Buy lunch. I’m likely hungry being that I was a homeless vagabond right up to this point
Posted by TigerChief10
Member since Dec 2012
10858 posts
Posted on 2/2/20 at 10:03 am to
Get a really cheap cabin on the lake and invest the rest. I'm trying to go straight into retirement and live a simple, easy life. I dont need to ball out.
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 2/2/20 at 10:04 am to
I would simply invest it and keep working for a bit.
Posted by yellowfin
Coastal Bar
Member since May 2006
97614 posts
Posted on 2/2/20 at 10:05 am to
Bet it on heads tonight
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98462 posts
Posted on 2/2/20 at 10:06 am to
Taxes or not? If taxed, you have about $775k

House - 400k
Car - 35k
Truck - 35k
200k invested
80k savings
25k checking account
This post was edited on 2/2/20 at 10:09 am
Posted by MrSpock
Member since Sep 2015
4323 posts
Posted on 2/2/20 at 10:06 am to
quote:

Message

If you owned absolutely nothing and we’re given $1.1 mil cash




Split it?
Posted by auggie
Opelika, Alabama
Member since Aug 2013
27804 posts
Posted on 2/2/20 at 10:07 am to
Buy as much property as Possible, along Beaver Dam Creek, in Limestone County, Alabama. Probably wouldn't get much these days.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 2/2/20 at 10:07 am to
Buy a house and car in cash for around 400k, put 25k in checking, 50k in savings, 100k in a mutual fund backed by precious metals, and the remaining 525k I would split between CDs and ETFs. I’d then get a job and start a 401k in which I would throw all of the accumulated interest off of the aforementioned accounts into. I’d retire in my 40s by hopefully expanding my estate substantially and buy some nice land.
This post was edited on 2/2/20 at 10:09 am
Posted by LSUintheNW
At your mom’s house
Member since Aug 2009
35746 posts
Posted on 2/2/20 at 10:08 am to
quote:

you owned absolutely nothing and we’re given $1.1 mil cash


quote:

What would you do with it?


Buy 2 duplexes to rent out. Buy land with the rest.
Posted by supadave3
Houston, TX
Member since Dec 2005
30234 posts
Posted on 2/2/20 at 10:09 am to
Quit my job immediately because I hate it. Then start looking full time for something I really want to do. I have ideas, but having $1mil in the bank would help me devote my time to finding it faster.
Posted by EvrybodysAllAmerican
Member since Apr 2013
11140 posts
Posted on 2/2/20 at 10:11 am to
I have absolutely nothing? Gotta get a modest car, down payment on a modest house and try to start a business. Get a job and some cash flow coming in . Get my shite together
This post was edited on 2/2/20 at 10:13 am
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67002 posts
Posted on 2/2/20 at 10:12 am to
Buy a 4 plex somewhere decent, live in one side, rent the other 3, and buy a car.
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