What would you do with $1 million

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  1. What would you do with $1 million?
  2. What would you do with $1 million if you had 1 year to live?

26 thoughts on “What would you do with $1 million

  1. First: Eliminate Debt
    Second: Buy / Build Appropriately Sized House
    Third: Buy Two New Cars
    Fourth: Family Vacation
    Fifth: Invest What’s Left
    (possibly in the development of technology that would give me superpowers…)

  2. What would you do with $1 million?

    Provide for the security of my wife and the education of my children, make some gifts to family, make significant charitable donations, and take a nice vacation.

    What would you do with $1 million if you had 1 year to live?

    Provide for the security of my wife and the education of my children, make some gifts to family, make significant charitable donations, and take a nice vacation.

  3. itbugaf,

    I’m surprised you wouldn’t listen to the prophet and pay your tithing first. It’s not the sort of thing I’ve come to expect from you.

    Do you know more than they do when it comes to managing money.

    Are you suggesting that tithing is optional?

    I can’t believe your arrogence in suggesting that when anyone receives any financial increase, that they should ignore tithing.

    The Prophet has stated that tithing is 10% of one’s increase. Are you suggesting that if you received a million dollars, that wouldn’t be an increase?

    Who are you to suggest that you know better than the prophets and apostles when it comes to the Lord’s law of tithing.

    I guess what I’m saying is that I find it hard to believe any member of the church would be so willing to pick and choose which commandments are worth following and which are not.

    The apostles and prophets have made it clear that there are blessing for those who pay their tithing first. Don’t you believe their counsel?

    Nobody said anything about it being from a lottery.

    I guess I just get frustrated at people who feel that they know better than the Lord’s annointed when it comes to managing finances.

    (sorry, I thought I’d just get all those out of the way)

  4. JM, thanks for not disappointing me. I knew you wouldn’t pass up the opportunity to make another smarmy personal attack.

  5. The paying of tithing is a built-in assumption in the answer I gave, as well as most of the charitable donations going to the Church as well.

    This straw man you’ve built is an interesting one, though: You equate personal money management with Church government and doctrine. The latter is the province of Apostles. The former, at this time, is for individuals to work out for themselves, subject to certain commandments such as tithing. If I asked President Packer what to do with my $1 million, he would tell me to keep those commandments and work out the rest on my own.

    Nobody said anything about it being from a lottery.

    That’s true. What does it have to do with anything that anyone has said here?

  6. “The paying of tithing is a built-in assumption in the answer I gave”

    What interests me is that you didn’t mention paying it first.

    Very disappointing…

  7. Okay.

    I’m sorry you think this is just a cute game, JM. I’m trying to stand up for what I truly believe.

    I also think this thread has nothing to do with your crusade against me on other threads, and that if you want to continue that crusade, you should continue it where it has relevance, rather than threadjack here.

    1. I would pay my tithing, pay off debt, and invest the rest in real estate.
    2. I would pay my tithing, pay off debt, and invest the rest in a high interest account
  8. Shame on me for misnaming JM’s logical fallacy in commment 7. That’s a false analogy, not a straw man.

  9. I often read your blog – but haven’t ever responded. I quite enjoy your posts!

    I wouldn’t pay off credit card debt – but not my mortgage. Nor would I give any away. I’d invest it in a good fund…and have $100,000 a year to live on for the rest of my life….with which I could do plenty of good for people around me, I’m sure. (oh, and all along the way I’d pay tithing too)

  10. Is that $1,000,000 US or Canadian? Ouch! Hey, stop beating me, Kim, it was just a joke.

    If I had a million dollars, I wouldn’t have to eat Kraft dinners. (But I would eat Kraft dinners, I’d just eat more of them.)

    I think I would blow half of the money on hookers and cocaine, then spend the rest on rehab and counselling.

  11. Yes. I’m still on LDS Canada actually.

    …as for Capt Obsidian blowing the money on hookers and cocaine and then rehab and counselling….hilarious!

    Dawn

  12. Kim,
    Quite frankly, as this is a Canadian blog, I’m surprised that it took so long for someone to bring up the song. And a shame that it had to be a Yank like me to do it. You Canucks should be ashamed of yourselves.

    And haven’t you always wanted a monKEY?

  13. I’m downright embarassed that I didn’t get the reference.
    Pay off debt.
    Fund The Kids college.
    Buy a new car.
    Invest the rest.

  14. I would put most of what is left into trust funds for my grandchidrens’ secondary education so their parents would have one less monetary worry. I would also buy a new Jeep that didn’t 200 buck us to death all the time.. But that would be it

  15. Well I am glad you will be financially able to put money aside for all your children to go to University without getting student loans etc.

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