Aside from paying off bills ... What you gonna do with the money breh? Just blow it on cars and vacations? Shove it in a savings account? Invest in the stock market or some other industry? Buy ya moms a house?
You just won the lottery -- $1 million.. what are you investing in?
- Thread starter Buggsy Mogues
- Start date
BasketCase
Superstar
Use it to build a business.
IpushFatKids
Banned
Investing?
Real
Location: Under Your Skin
I'm tricking off Jenna Shea.
I'mma bust all kindzzzzzz of nutz in that woman.
I'mma bust all kindzzzzzz of nutz in that woman.
what kinda business?
lets see u win a only 1 million.. after taxes and depending on what state u live in say u get close to half $600,000... then u pay off bills.. down to say $500,000...
first thing i do is keep working for a while.. talk to different lawyers and real investment companies who been handling investments for years.. so i can see how much interest i can make off my money..
but i would get a nice little starter home, nothing to big or lavish and travel.. nothing else
no hoez, no clubs, no people to hang around
first thing i do is keep working for a while.. talk to different lawyers and real investment companies who been handling investments for years.. so i can see how much interest i can make off my money..
but i would get a nice little starter home, nothing to big or lavish and travel.. nothing else
no hoez, no clubs, no people to hang around
ThumpDaddy
All Star
Yeah, after I paid off my bills I would definitely save at least 1/2 of what I got left and invest the rest. Try my best to make that money grow. It's not enough for me to stop working the way I am now. Maybe I would be off a couple of more weekends than what I'm used to though.
cleanface coney
WENT LEGIT
shyt on the city for a whole summer
put the rest up prolly buy a condo in miami and a crib up here
donate to lil nikkas/females who need it
find one broad and change her life forever
put the rest up prolly buy a condo in miami and a crib up here
donate to lil nikkas/females who need it
find one broad and change her life forever
BasketCase
Superstar
Something to do with helping other people make money and take a cut AKA the most common business the richest people on earth are in.
use 500K to buy houses near colleges and rent it out to the college kids at a killer price....it's not like most of them are the ones paying for it.
A way to get into their parents pockets....one of my boys is doing this he is now living the life
A way to get into their parents pockets....one of my boys is doing this he is now living the life
use 500K to buy houses near colleges and rent it out to the college kids at a killer price....it's not like most of them are the ones paying for it.
A way to get into their parents pockets....one of my boys is doing this he is now living the life
this......or condos
the income u get from that will pay off all debt in probably a short amount of time and it will never end
anything else would be stupid and nikkarly, fuk a car and chain, or opening a business that will probably fail
BasketCase
Superstar
I would want to make sure I have enough to pay off federal and state tax, but instead of paying it in advance, I would put $400,000 in savings. That would accumulate interest. And then, come tax time, I'll pay off the taxes, but I'll pocket the interest which would be around $20,000.
So, that takes care of the tax situation. There's $600,000 left. That's not really enough to live the high-life for years. I would buy a modest $200,000 home in a middle-class neighborhood. I would get a $20,000 car. That leaves $380,000. I would buy two lower-income homes around $130,000 each and turn them into rental property. My job would be landlord. I would bring in about $2500 a month in rent. But my expenses would be around $1500 to $2000 a month since I don't have a car bill or mortgage.
That leaves me with $120,000.
Half of that would be used to start-up a small business. That I would try to grow to double or triple my income.
So you see, one milly isn't as endless as you think it is.