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Old 08-08-2009, 03:03 PM   #1
TruthKGRay3412
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Default You get one million dollars to spend in 1 day.

What would you purchase?

My List

-2010 Mercedes E-Class E350 $50,000
-A very nice house approx $700,000
-Do a song with Lil Wayne $20,000 a verse
-Open up a bar $230,000

Last edited by TruthKGRay3412 : 08-08-2009 at 03:19 PM.
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Old 08-08-2009, 03:05 PM   #2
pete's montreux
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Default Re: You get one million dollars to spend in 1 day.

I'd put it in the bank.

Boring, I know.
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Old 08-08-2009, 03:05 PM   #3
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Default Re: You get one million dollars to spend in 1 day.

Probably some real estate.
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Old 08-08-2009, 03:05 PM   #4
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Default Re: You get one million dollars to spend in 1 day.

My freedom...



...from financial debt
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Old 08-08-2009, 03:07 PM   #5
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Default Re: You get one million dollars to spend in 1 day.

House
Dodge Charger
Escalade
Furniture for house.
Audio system for cars.
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Old 08-08-2009, 03:10 PM   #6
ProfessorMurder
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by pete's montreux
I'd put it in the bank.

Boring, I know.

That's what I'd do too.
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Old 08-08-2009, 03:11 PM   #7
TruthKGRay3412
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by ProfessorMurder
That's what I'd do too.

You need to spend it..cant put it in the Bank.
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Old 08-08-2009, 03:14 PM   #8
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by TruthKGRay3412
You need to spend it..cant put it in the Bank.
Then buy some treasury bonds.
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Old 08-08-2009, 03:16 PM   #9
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by TruthKGRay3412
What would you purchase?

My List

-2010 Mercedes E-Class E350 $50,000
-A very nice house approx $500,000
-Invest in property $200,000
-Do a song with Lil Wayne $20,000 a verse
-Open up a bar $230,000
Your definition of a very nice house must be a little skewed. Even in this economy 500k won't get you a "very nice" house.
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Old 08-08-2009, 03:19 PM   #10
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by vapid
Your definition of a very nice house must be a little skewed. Even in this economy 500k won't get you a "very nice" house.

It will in certain places..fixed it anyways i'd drop 700 g's on a nice pad.
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Old 08-08-2009, 03:21 PM   #11
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by vapid
Your definition of a very nice house must be a little skewed. Even in this economy 500k won't get you a "very nice" house.
What the hell are you talking about? 500k will get you an awesome house. Even where I live, which is like the most expensive area in the country 500k will get you a nice place.
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Old 08-08-2009, 03:21 PM   #12
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by TruthKGRay3412
It will in certain places.
Those places would bring down the value of your house, making it not a smart buy. Or I guess you could buy a house in cambodia or something if you want to commute. Oh yea and I can't believe it only takes 230k to open up and sustain a decent bar in a neighborhood you want to be around. But I might be wrong on that one.
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Old 08-08-2009, 03:23 PM   #13
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by vapid
Those places would bring down the value of your house, making it not a smart buy. Or I guess you could buy a house in cambodia or something if you want to commute. Oh yea and I can't believe it only takes 230k to open up and sustain a decent bar in a neighborhood you want to be around. But I might be wrong on that one.

A 230k investment would def. be more enough to open up a decent bar.
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Old 08-08-2009, 03:23 PM   #14
pete's montreux
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Default Re: You get one million dollars to spend in 1 day.

Can't put it in the bank, huh?

Well, if I was really forced to spend it: I'd buy two or three pieces of property in Arizona [cost of living is really cheap], I'd probably still have $300,000 to $400,000 left over. Pay off all my debts would be next.

That would leave me with about $395,000. I honestly wouldn't do much with the rest. I like the car I have now, I'd probably restore it to perfection. I'd furnish the houses I have, rent one or two of them out for some extra income.

Honestly, I'd probably then buy a new car, and an old car and maybe start a business? A sandwich shop or something?
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Old 08-08-2009, 03:23 PM   #15
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Default Re: You get one million dollars to spend in 1 day.

Quote:
Originally Posted by IlliniFan
What the hell are you talking about? 500k will get you an awesome house. Even where I live, which is like the most expensive area in the country 500k will get you a nice place.
How nice are we talking? I guess I was thinking of a custom house built from the ground-up, but still a "very nice" house around here goes for at least a mill.
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