answersLogoWhite

0

I would spend it all.

--

Most people would, and many would spend MORE than the million (after taxes), and end up in debt or bankruptcy. Should you be fortunate enough to win a huge sum of money, it is highly unlikely that you would ever do so again. So rather than splurge and waste much of it, you should consider that you might one day have other, more pressing needs for it. After all, people change their outlook with time, and the money could one day allow you to do something extraordinary.

The wisest course would be moderation : buy whatever you want with a portion of the money, but make sure that some of your purchases have lasting intrinsic value (so you can sell them if you change your mind). Put a large percentage into a sound investment that will generate income, so that your money is working for you. In this way, you could extend your good fortune for many years to come!

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

How much tax would I owe if I won 1 million dollars?

If you won 1 million dollars, you would owe approximately 370,000 in federal income tax.


How much would you get if you won one million dollars after taxes are taken out?

500,000


How much tax would you pay if you won 1.5 million dollars?

If you win 1.5 million dollars in the lottery, 35% of the money will go to the government and a certain percentage will go to the state (this percentage is state dependent). For example, if you won the 1.5 million dollars while living in Arizona, you would be taxed 35% by the government and 5% by the state, leaving you with about 900,000 dollars.


If you won 220 million dollars in the VA state lottery how much would you have if you took a lump sum?

120 million


How much is 2.1 million won in US dollars?

2,914,169.88 U.S. Dollars


What did duncan do with the million dollars he won on tda?

A lawer.


How do you write a informative paragraph on if won a million dollar in steps on what would I do with it?

Are you seriously saying that you don't know what you would do with a million dollars? I could write a whole book on that subject.


How much would 100 million dollars be today?

It would be 100 million dollars.


What would 11245 million dollars be in billions?

11245 million dollars would be $11,245,000,000.00 or 11.245 billion dollars.


2.5 million won is how much in us dollars?

2,093.014 USD


How much is 2.9 million won in US dollars?

2,900.00


What would you do if you won a million dollars explain?

buy a lot of things clothes,branded stuff etc. & it would be nice to help the poor !