What to do with 1 million Dollars??

Spiritual Stratocaster

Jesus is KING
Supporter
Joined
Aug 14, 2014
Messages
38,606
Reputation
7,355
Daps
149,719
What to do with it?
Obviously paying debt will he a top priority.
How to grow it? How to invest? Steps to protect it?

-Split the money into several bank accounts?

-stick money in place that gains interest?

-Rent or buy ?
 

OfTheCross

Veteran
Joined
Mar 17, 2013
Messages
43,558
Reputation
5,064
Daps
99,047
Reppin
Keeping my overhead low, and my understand high
What to do with it?
Obviously paying debt will he a top priority.
How to grow it? How to invest? Steps to protect it?

-Split the money into several bank accounts?

-stick money in place that gains interest?

-Rent or buy ?

Do that and invest the rest. Just do some Index funds or if you'd like income invest in Dividend stocks and call it a day. Real Estate is good for cashflow too, obviously
 

BK The Great

Veteran
Joined
Nov 21, 2015
Messages
63,411
Reputation
7,937
Daps
156,914
Reppin
BK NY
Invest in it, maybe a company or make my own. Buy up real estate. Try to double up my money even more.
 

dora_da_destroyer

Master Baker
Joined
May 1, 2012
Messages
66,657
Reputation
17,220
Daps
274,904
Reppin
Oakland
get an investment property - get a 4-plex, still counts as residential (you need to live there) but usually cashflows
throw 300-400k into a dividend portfolio
have a lil fun - nice vacay
 

mastermind

Rest In Power Kobe
Joined
May 1, 2012
Messages
65,400
Reputation
6,509
Daps
174,847
But my mom a house and spend the rest on PCP
MV5BMTUxODA2NTQxOV5BMl5BanBnXkFtZTgwNDA4Nzc3MjE@._V1_UY268_CR87,0,182,268_AL_.jpg



Seriously, invest in small property to flip or rent out and pay off debt
 

humminbird

Veteran
Joined
Nov 18, 2016
Messages
45,035
Reputation
9,466
Daps
185,882
buying high dividend stocks to get at least $100,000 every quarter
buying 2 bitcoins and 100 etheruems
buying one property in a popular city or near one
then fun shyt
 

DJ Paul's Arm

Veteran
Joined
Dec 15, 2015
Messages
22,611
Reputation
6,686
Daps
128,681
Reppin
Cali
Set up my portfolio and Invest some of it as a safety net. Once that is established, im gettin the fukk outta here. Get a dual citizenship in a tropical country where the USD is tripled, build a beach house with a small bar/resto near said beach house, cop a condo in the city and live life stress free.
 

mc_brew

#NotMyPresident
Joined
May 19, 2012
Messages
5,796
Reputation
2,637
Daps
19,963
Reppin
the black cat is my crown...
Set up my portfolio and Invest some of it as a safety net. Once that is established, im gettin the fukk outta here. Get a dual citizenship in a tropical country where the USD is tripled, build a beach house with a small bar/resto near said beach house, cop a condo in the city and live life stress free.
damn... i feel like mack 10 in an ice cube video, can i roll with you...?
 
Top