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quit my job - because I would be able to pay off all of MY debt & still have some $ left. I basically only work right now to pay my debt. DH takes care of all other expenses.
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quit my job! no doubt!
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I'd set up a trust so that my father's widow wouldn't have to worry about money. Then I'd put a chunk aside for my baby's education, and a big chunk to finish our emergency savings. Then I'd get a financial planner to help us do whatever with the rest.
But I'd take a few thousand and go on a huge shopping spree.
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Pay off all our debt and get me a new vehicle. Um, and get a financial adviser and invest LOL
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Pay off all debts, invest/save a bunch of it, then get me and the hubby some nice clothes! We practically live in work and lounge clothes since we hardly go out due to our work schedules.
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Pay off our student loans and then invest, invest, invest.
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Pay off all debts, invest, and give some away.
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A million dollars won't go far here. I would buy our dream home, buy us new cars. After selling off our current home I would also buy some investment property. Then, stash away a safe amount for LO's college and save the rest.
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Is that 1mil after or before tax?
Pay off the house, then invest what little is left. -
Pay off debt then invest the rest!
But of course I'd also do a little splurge... something along the lines of jewelry and handbags.
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I'd buy a cute house with a yard in our neighborhood! I'd also splurge on some new furniture. The rest of the money I'd save -- some for the future, some for an awesome vacation.
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I'd quit my current job and finish my Master's full-time so I could graduate early. Buy a house in the neighborhood next to ours that I love but won't buy in because we'd have to send the kids to private school. Then I'd save/invest the rest and send the kids to private school! Also, probably take my whole family on a vacation somewhere for fun. Oh, and buy a bigger car/sell my current one because I want a minivan or SUV when we have a third child down the road.
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Pay off all of our debts, buy two new cars with cash, put enough money away to pay for LOs college, invest a chunk, and then go shopping (re-decorate my house, buy a new wardrobe)!!!
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I'm with @Minnie_Girl: I've run this scenario through my head a few times, and hiring a financial planner is at the top of the list. Now only if we played the lotto . . .
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I would pay off my student loan and then buy us a small family home in a nice area... Then I would invest the rest (wouldn't be much leftover though).
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Ugh. My first instinct is to quit my job and go on a 6 month vacation (and then get another job when I return), but realistically we'd probably pay off my student loans and 2 cars, sell our condo and buy a house and pay it off immediately. Although I don't know if $1m could pay off a whole house around here so we'd probably just put like 60% toward a down payment.
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