If you had a million dollars.
- Thread starter swoydaz
- Start date
:
ATO 504K
House 400K + land/state taxes
Save the rest for general expenses
House 400K + land/state taxes
Save the rest for general expenses
mmissinglink
Active Member
yurana said:
How would a common guy/gal even buy a Good Delivery Bar? Don't you have to be a CB or a professional bullion dealer?
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mmissinglink said:
I'd head on down to Gold Stackers, hand over a large wad of cash, and say "Give me one of these, please" http://forums.silverstackers.com/topic-42723-london-good-delivery-400oz-gold-bars.html
sammysilver said:Caput Lupinum said:That's a decision almost as hard as to whether or not play Russian roulette when you have diarrhea and feel what you think is a fart coming on. I'm going to have to go with buying a million dollars worth of instant scratchies.
Last time I played Russian Roulette, there was a choice of six prostitutes, one of which was loaded!
Loaded with ?
I'd keep working but take more holidays and retire a little earlier!
I'd also pay off last bit of debt; use some for deposit for one or more investment properties that have opportunity for capital growth and use growth for future leverage; buy myself some pretties (numis) and some PMs; give my kids some (you need to be nice to your kids - they chose your nursing home); sink the last of it in to high interest cash accounts to be used for annual dive holidays to exotic places over the next decade or so (I want my final memories to be about amazing experiences, not the balance of a bank account)
I'd also pay off last bit of debt; use some for deposit for one or more investment properties that have opportunity for capital growth and use growth for future leverage; buy myself some pretties (numis) and some PMs; give my kids some (you need to be nice to your kids - they chose your nursing home); sink the last of it in to high interest cash accounts to be used for annual dive holidays to exotic places over the next decade or so (I want my final memories to be about amazing experiences, not the balance of a bank account)
I would spend about half on already built property and rent out straight away. Would generate a very comfortable income to live off of. And maybe buy some coins each month 
At least 1/4 I would spend on offplan property, after the property is built, or when it is near completion I will sell and reinvest into more offplan property, the idea being to keep growing this part of my assets eventually buying more property to rent out.
of the remaining ~1/4 I would spend some on Precious Metals, if the 1million fell out the sky today, I would probably invest most of it into allocated stored silver in something like bullionvault.com, then when spot price goes up I can easily and quickly cash out.
At least 1/4 I would spend on offplan property, after the property is built, or when it is near completion I will sell and reinvest into more offplan property, the idea being to keep growing this part of my assets eventually buying more property to rent out.
of the remaining ~1/4 I would spend some on Precious Metals, if the 1million fell out the sky today, I would probably invest most of it into allocated stored silver in something like bullionvault.com, then when spot price goes up I can easily and quickly cash out.
Aureus said:
Or better still the people who not only know how much money you've got, but who also know everything else about your entire life; even those parts that do not and have not ever existed
I am a sad prick by my own admission, but I take heart when I know there are others as sad or sadder.
hilaire9
Member
I have been thinking about this for several months.
I will receive money soon, thus:
20 coin mint tube of 2014 1oz American Gold Eagles
Open positions in:
ConocoPhillips (COP) 4.15% Yield
McDonald's Corporation (MCD) 3.26% Yield
Vanguard High Dividend Yield ETF (VYM) 2.84% Yield
Enbridge Inc (ENB) 2.74% Yield
Silver Wheaton Corp. (SLW) 1.23% Yield
Henry Schein, Inc.(HSIC) no dividend
I will receive money soon, thus:
20 coin mint tube of 2014 1oz American Gold Eagles
Open positions in:
ConocoPhillips (COP) 4.15% Yield
McDonald's Corporation (MCD) 3.26% Yield
Vanguard High Dividend Yield ETF (VYM) 2.84% Yield
Enbridge Inc (ENB) 2.74% Yield
Silver Wheaton Corp. (SLW) 1.23% Yield
Henry Schein, Inc.(HSIC) no dividend
anyone in here that says they would spend half or more on bullion is exactly why they are not or will never be a millionaire.
Chuck it all in a permanent portfolio with 25% REIT instead of 25% bonds. Check it in 12 months.
Well I would treat 1 million that I had earned the hard way a lot differently to 1 million that was just given to me.
I wouldn't spend another penny of my hard earned on bullion, I have enough that if it goes to the moon I can afford my yacht, and if it doesn't go to the moon, I really don't want any more of it.
I would establish a Martial Arts Academy!
Seriously, my club meets at the PCYC, we fight for floor space (not literally of course, we would slaughter the 10 year old gymnasts)
We have to put the mats out, clean them off from whoever used them last (who brings drinks onto a mat? At least I hope it is drinks...)
Then we have gymnasts running up and down both side of us and trampolinists opposite.
The local Taekwondo group meets in the CWA hall and the Northern Mantis Style Kung Fu and Karate groups meet in the local school hall. The Judo club folded but we still have the Muay Thai club at the PCYC.
No facilities, no coffee shop for the parents to wait, no shop to sell all the various costumes and toys in, nowhere to stage a tournament, or demos, or seminars.
The martial arts instructors have been doing this 20+ years (Teaching that is, practicing for 40+), they are at the top of their profession, some have represented Qld and Australia at the international level and they all do it for nothing. By the time they have paid all the fees for venue hire there is nothing like a wage.
No wage means there is no career path in martial arts. You can get qualifications and a job as a personal trainer or a fitness coach after a short TAFE course.
Most people do martial arts until they leave school, then they have to get a job and find that they can afford a social life so we lose most of them then. The others don't have time after work, or they move for their job. We get them all back when their careers have settled down and they are anchored to one place by family commitments. Then they come back after 20-30 years break.
Granted, having a strong Eastern Martial Arts program is probably not that important but if you are going to do something you might as well do it right, we have 50 pupils, all crammed onto a tiny amount of floor space and it still isn't a viable career for the 3 blackbelts and one 'master' who teach. With a career path in place, even just the promise of a future of paid teaching jobs within the field, you can start to seriously train without interruption until you are world class and can represent your country. Then you can really get people along to your classes.
So I would put my money towards a Martial Arts Academy, or a yacht.
I wouldn't spend another penny of my hard earned on bullion, I have enough that if it goes to the moon I can afford my yacht, and if it doesn't go to the moon, I really don't want any more of it.
I would establish a Martial Arts Academy!
Seriously, my club meets at the PCYC, we fight for floor space (not literally of course, we would slaughter the 10 year old gymnasts)
We have to put the mats out, clean them off from whoever used them last (who brings drinks onto a mat? At least I hope it is drinks...)
Then we have gymnasts running up and down both side of us and trampolinists opposite.
The local Taekwondo group meets in the CWA hall and the Northern Mantis Style Kung Fu and Karate groups meet in the local school hall. The Judo club folded but we still have the Muay Thai club at the PCYC.
No facilities, no coffee shop for the parents to wait, no shop to sell all the various costumes and toys in, nowhere to stage a tournament, or demos, or seminars.
The martial arts instructors have been doing this 20+ years (Teaching that is, practicing for 40+), they are at the top of their profession, some have represented Qld and Australia at the international level and they all do it for nothing. By the time they have paid all the fees for venue hire there is nothing like a wage.
No wage means there is no career path in martial arts. You can get qualifications and a job as a personal trainer or a fitness coach after a short TAFE course.
Most people do martial arts until they leave school, then they have to get a job and find that they can afford a social life so we lose most of them then. The others don't have time after work, or they move for their job. We get them all back when their careers have settled down and they are anchored to one place by family commitments. Then they come back after 20-30 years break.
Granted, having a strong Eastern Martial Arts program is probably not that important but if you are going to do something you might as well do it right, we have 50 pupils, all crammed onto a tiny amount of floor space and it still isn't a viable career for the 3 blackbelts and one 'master' who teach. With a career path in place, even just the promise of a future of paid teaching jobs within the field, you can start to seriously train without interruption until you are world class and can represent your country. Then you can really get people along to your classes.
So I would put my money towards a Martial Arts Academy, or a yacht.
hilaire9
Member
I like US REITs, I own two:
AvalonBay Communities Inc (NYSE:AVB) 3.51% yield.
Camden Property Trust (NYSE:CPT) 3.94% yield.
I do not know the exact percentage of my net worth is in physical gold and silver, maybe around 15%.
I am a millionaire due to real estate and equities.
It is not because I am smart, but because I am old.
AvalonBay Communities Inc (NYSE:AVB) 3.51% yield.
Camden Property Trust (NYSE:CPT) 3.94% yield.
I do not know the exact percentage of my net worth is in physical gold and silver, maybe around 15%.
I am a millionaire due to real estate and equities.
It is not because I am smart, but because I am old.