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what would you do
Posted 7/28/17 , edited 7/29/17
What would you do if you came into a large sum of money? enough to not have to work.
would you help others? travel, live a quiet life I want hear back.
amount 1.2 million please tell me would you continue to work
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31 / M / Sacramento, CA
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Posted 7/28/17 , edited 7/29/17
A lot of the same stuff I do now honestly, except with a lot more travelling and sampling of exotic foods. Eventually, after I've wasted all the money, I'd settle in Japan giving english lessons to those who want to learn.
Posted 7/28/17 , edited 7/29/17
Buy probably like 500k in music equipment. Couple of ridiculous 5-10k guitars. A place to live/studio. Then make music for the rest of my life

EDIT: Oh I didn't see it had an actual number. If it was 1.2m I'd use that to make more money. 1.2m isn't enough to stop working or anything like that.
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27 / M
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Posted 7/28/17 , edited 7/29/17
My income is around the 10 percentile in the U.S.

I will still continue to work because I actually love my job.

So if I came across 1.2 million, I would further invest it in stocks and indexes. This is actually how the rich become richer. They invest their income into assets to produce more capital.
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36 / M / SoFlo
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Posted 7/28/17 , edited 7/29/17
Spend my days as an adventurer, charlatan and being a king of dudes.
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29 / M / Louisville, KY
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Posted 7/28/17 , edited 7/29/17
If you got $1,200,000 you would get around $780,000 after taxes. That isn't enough to retire on, so, yes, I would still have to work, but it would be on my schedule while mostly studying up on how to properly invest.
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M / Australia
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Posted 7/28/17 , edited 7/29/17
Most obvious , i'd buy a home.
I'd build a new PC. Visit Japan.
I would spend some time and money on learning and training so that i could do something that i enjoy, for work i mean.
I sure as hell would try to avoid ever working a shit job or having to wake up to an alarm early as ever again.

Yeah i'd help my family members. My old man doesn't need help but i'd treat my mum and probably help my brothers and sister a bit.
But i would make sure that i still had money coming in. I think i would buy some rental properties.

EDIT: i'd take a select few of my closest mates on a big night out or on a trip or something.


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24 / M / Birmingham, UK
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Posted 7/29/17 , edited 7/29/17
Buy a house, get a top tier pc, live easy, that is all.
Posted 7/29/17 , edited 7/29/17
$1,200,000 isn't enough to stop working, though. It sounds like a massive sum of money until you realize that there are always going to be stipulations when it comes to money and how you live. Those who receive a "lump sum" like this tend to have a scenario where they start to live differently (their lifestyle changes). So they burn through the lump sum faster than they can bat an eye at it ("let's buy a car, a house, a car for the wife, and a car for the son/daughter.." kind of thing).

I'd probably follow the line of thought that riverjustice mentioned. I wouldn't utilize it at all to purchase objects, just throw it into equity or stocks - or invest into a startup that I felt was promising. $1.2m is just enough to last a few years to live off of after you purchase all of those "things" you'd spend it on. Investing means the potential for making that $1.2 into $2-2.5 depending on your investments (or more, but this is still pretty high in terms of yield overall).

Now if you were to give me $100m - then I'd probably spend about $3-5 on starting something like my own tech company. But as it stands, $1.2m is just enough to offset risks in the market, considering it was given to you.
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Posted 7/29/17 , edited 7/29/17
1.2m isn't enough to stop working. I would probably spend 200-300k to have my " house" paid off and keep working while saving the rest.
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Posted 7/29/17 , edited 7/29/17
Invest it carefully.
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F / Antique bookshop
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Posted 7/29/17 , edited 7/29/17
travel three times per year

i will still continue to work.
because i love my job, its not for money in the first place.
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Posted 7/30/17 , edited 7/30/17
Assuming we're talking about real money here, not Zimbabwean Dollars, 1.2 Million might not be enough for you lot to stop working, but it would for me.

Toss the lot in a savings account, have the interest paid monthly into my current account. Live a bit more comfortably than I currently do in financial security for the rest of my life.
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27 / M
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Posted 7/30/17 , edited 7/30/17
One option is put in a bank. Annually that would yield around 30-40k, enough to live quite decently in most countries in the world.

Another option is to take the money and buy something of value where I could live, and possibly generate money from (bar, hostel, house, island...).

And another option, invest into starting a business. With this kind of money you have significant head start and don't have to worry about bank loans if you plan on starting a small business.
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22 / M
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Posted 7/30/17 , edited 7/30/17
Move out of the city and rent a cheap house in the country. Buy a decent car. I've always wanted to learn something, but it requires me to travel out of the states so I'd definitely do that. I'd peruse some projects I've been wanting to do since I would have the money to start it up and the free time to do it. Help out my Dad. Other than that I have no clue, but I'm sure that alone will keep me busy for years.
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