I would pay off all our debts. $1,000,000-$100,000=$900,000.
I would put aside savings for the 3 kiddos to attend college. $900,000-$100,000=$800,000.
I would give to the church building fund. $800,000-$75,000=$725,000.
I would give to my favorite missionaries. $725,000-$125,000=$600,000.
I would put money in savings. $600,000-$200,000=$400,000.
I would tour Europe with my family. $400,000-$100,000=$300,000.
I would renovate the house and add an outdoor patio. $300,000-$100,000=$200,000.
I would volunteer at the school we visited in Puerto Rico for a year. $200,000-$50,000=$150,000.
I would buy clothes that fit and matched for my family, upgrade the computer, add to our library, buy Covenant Home Curriculum for all 3 kids, stock up on meat, and buy a new couch. $150,000-$50,000=$100,000.
Honestly, I can’t spend it all. Anybody want $100,000?
What would you do?
July 6, 2008 at 2:58 pm
I’d invest it all and use the interest for spending. In blue chip stocks, it would earn about $10,000 a month.
July 6, 2008 at 10:10 pm
Great gravy!!! How would you know which stocks?
July 8, 2008 at 9:42 am
Well, that’s what financial advisors are for. Blue chips are the ones that are least likely to fold-like CocaCola or Xerox. They don’t earn the 25% like risky stocks do, but you are far less likely to lose your shirt as well.