blogs_blog_1815

Buy myself a house and car.

 

Drop half of what's left in the bank.

 

Drop the other half on the doorstep of a trustworthy charity.

Investment in secure stocks guaranteed to make me money over the next couple years, but with enough left out that i can pay for a comfortable lifestyle while said stocks mature.

Lol I'd keep enough privately in case of an emergency and the rest would go to churches

I'd buy a house in the country, several acres of land, and then start investing in a business so I can begin making a profit.

 

Also, I might start investing in the mountain pass and the supplies needed to climb Mount Everest.

 

24601

Drop it into an ETF and ignore it for ~6 years. Maybe 7 and pay off the house. Then live off the proceeds of 1.5 mil (50-60k/year, inflation adjusted, no mortgage) for life. Work on what I please, for money only if I feel like it.

 

Are we worried about taxes, here?

Drop it into an ETF and ignore it for ~6 years. Maybe 7 and pay off the house. Then live off the proceeds of 1.5 mil (50-60k/year, inflation adjusted, no mortgage) for life. Work on what I please, for money only if I feel like it.

 

Are we worried about taxes, here?

 

Let's say in this theoretical situation that you don't need to worry about taxes.

 

~Soran

I'd buy you a green dress

But not a real green dress, that's cruel

No taxes? Tithe, get myself a really good yoyo, get myself a New 3DS XL, budget for my three remaining years of college with $100 of spending money a month, and set aside the rest to do grown-up things with later.

 

Drop it into an ETF and ignore it for ~6 years. Maybe 7 and pay off the house. Then live off the proceeds of 1.5 mil (50-60k/year, inflation adjusted, no mortgage) for life. Work on what I please, for money only if I feel like it.

 

Are we worried about taxes, here?

 

Let's say in this theoretical situation that you don't need to worry about taxes.

 

~Soran

 

Pretty much sticking to my original answer. Drop it in a low-fee ETF (basically a stock index that tracks the market--pretty boring as investments go). If taxes aren't a thing, just requires less planning when you want to spend the money.

 

A viable alternative would be real estate, ideally something like a multi-family unit that weathers downturns better (as opposed to luxury homes ala 2008). Either buy ~3-4 units outright and live off the rent (thousands/month) or take advantage of the ridiculous amount of leverage 1M gives you and buy a lot more under mortgage with a killer payoff down the line.

I forgot to mention tithing.

 

Now I remembered.

 

24601

Buy a laptop that works.

 

Pay off debt.

 

Invest the rest.

save some, probably invest it, donate the rest to charity, homeless shelters, and LGBT organizations.