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Old 10-21-2004, 12:11 AM   #1
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If I had a million dollars....

I would buy a cool apartment in Yaletown Vancouver and furnish it, buy a cute little car, fancy techy computer stuff, gadgets and fencing gear.

You guys?
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Old 10-21-2004, 12:39 AM   #2
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Start up a business venture, create some jobs, thereby creating wealth for more people while increasing my own as well. Live on what I need, and invest the rest.
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Old 10-21-2004, 12:44 AM   #3
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Buy a flat in NY, put a couple thousand away to finish college, invest some, get a frontier, give the rest away to a charity or something of that sort.
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Old 10-21-2004, 01:34 AM   #4
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If I had a million bucks then I wouldn't be hanging around here and fantasizing about having a million bucks.
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Old 10-21-2004, 01:54 AM   #5
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buy a nice car, buy a small place, invest the rest, finish college, work doing whatever i want to.
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Old 10-21-2004, 05:42 AM   #6
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Put it all in the bank till i need it.. only speand what i get on it for intrest... only speand the actual million if i needed it..... Continue working and living a normal life.. a little higher level mabey than my salary allows me to live on.. beacuse i have money....
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Old 10-21-2004, 05:42 AM   #7
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"If I had a million dollars/I'd buy you a green dress/but not a real green dress, that's cruel"

Anyway.

If I had £546,929.79 GBP, I would pay off my mortgage, student loan, credit card bill and overdraft. I would repair my garage roof, andpossibly replace my bathroom. I would buy a zippy little shiny new car; nothing fancy though. I would buy some fencing kit (a mask, a spare foil, some better shoes) and I would go mad in a scrapbooking craft shop. I would also probably buy some clothes/shoes - girly shopping! I'd take my mum - she loves clothes but worries too much about money.
I would also buy my brother a motorbike (he had to sell his to raise a deposit for a house), and a one-man hovercraft for my boyriend and me to race (we are just race marshals at the moment).

Well, that's what springs to mind at this point!
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Old 10-21-2004, 06:54 AM   #8
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Fencing salle. Really cool fencing salle.
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Old 10-21-2004, 08:39 AM   #9
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Invest, Invest, Invest.

Assuming a 10% return (the S&P average) my 1 million would become 4 million in a little less than 15 years
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Old 10-21-2004, 09:09 AM   #10
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I'd start an inner city fencing program similar to the Peter Westbrook foundation. A big Salle, alot of strips and good equipment.
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Old 10-21-2004, 10:45 AM   #11
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Let see.

38% to Uncle Sam
10% to church(es)
Pay off mortgage
Some redecorating
New vehicle
budget for NAC's, NAT's and few other trips
Bank rest.
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Old 10-21-2004, 11:24 AM   #12
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No more student loans!

And grad school out of the way financially!

Now there's a dream...
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Old 10-21-2004, 11:37 AM   #13
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Mmmmm

First thing before picking it up I would contact an attorny and Financial advisor.

likely plan.
First lets do max contributions to my IRA, and 401k plans to get the easy tax deductable bits out of the way.

I wouldnt pay off my house. Expected investment income off the money would be greater than the interest rate Im paying, and its tax deductable.

I would pay off my vette, sell my '80 yamaha xs650 and buy a '05 yamaha fz6.

Id set aside 10-20k for a good vacation, and some play money.

The rest I would leave to my lawyer and financial advisor to find as many tax loop holes to keep uncle sam away from it, and invest it intelligently for me.

$1million isnt a whole lot these days, but If I kept on working like I never had it, I could probably retire by 45.
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Old 10-21-2004, 11:40 AM   #14
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Quote:
Originally Posted by Mergs
Let see.

38% to Uncle Sam

You musn't have heard Steve Martin's plan on how to make a million dollars without paying any taxes.
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Old 10-21-2004, 12:03 PM   #15
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I'd pay off loans (both my own student loans, my sister's student loans and all my parents loans and mortgages and stuff). Then, depending on how much I had left, I'd probably buy a house, or some property.
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Old 10-21-2004, 12:24 PM   #16
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what would I do with $1,241,644.54 Canadian
Small but nice car. (say...$40000+ $2000 insurence + gas at $0.95/L)
better, and soundproof apartment. ($250-500/mo extra)
a sevral mounth round-the-world trip (after my BA, before whateer I do after it... lets sa and MA) .($30000)
A bit of new fencing equipment (lets say $600).
living expences (I am a student) (on top of the above... $750/mo)
some investment (low risk) (whatever is left)

Lottery winnings and inheritence are not taxed in Canada (go figure....). Since I dont by lottery tickets, and lack rich relitives, this is not to say that I stand any chance of actually getting a million $
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Old 10-21-2004, 12:35 PM   #17
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I'd stick it all on red...

or black perhaps.
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Old 10-21-2004, 02:41 PM   #18
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I'd buy a gold toilet seat.

No, two!
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Old 10-21-2004, 03:47 PM   #19
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I would buy fencing101.com and dress up their employees in pads and use them as fencing targets
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Old 10-21-2004, 04:05 PM   #20
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pads? you are too kind!!
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