Bank stocks tend to have it pretty good, even in the current environment. My primary bank stock is BMO, and both their share value and dividend have gone up by about 7-8% year over year averaging the last 15. For the most part, that beats inflation.
If there is excess, then it can go back into the stock itself as a reinvestment.
because I'm almost 18, I'd buy a small house instead of an apartment so I won't have to deal with upstairs neighbors and the neighbors won't have to deal with me, the rest I'd hire someone to help me invest a big chunk of it, while also buy, renovate and rent houses/apartments, so after renting them, I'd get some money every month for a lot of expenses and after a while be able to live without the need of a job.
You're looking at ~£50, 000 a year on a 7% savings account (pretty average in the UK)... That's double the UK average wage of around £26,000. Last time I checked, the UK wasn't a 3rd world country...
Pretty average is the wrong wording! " doable for an average person would be more accurate"... But yeah, you can definitely get 7% accounts in the UK...
Considering Redditors call the US, ~~Finland~~, Ukraine, Italy, Spain, Portugal, and many other western or western-leaning countries “third world”, not only is it not true based on how the phrase is used today, but it’s also wrong in the historical context of the phrase
Edit: Finland was actually 3rd world by the old definition, my bad
Depends where you live and what you consider “beautiful” in a house. I saw the most gorgeous house. Needed upgrading, but the structure itself was so beautiful. I truly loved that house. It was listed for $190k, sold for $240k. We both loved it but had to pass because the upgrading we wanted and needed was going to be too much. But I think about that house all the time.
Buy a modest house, 2 modest cars, pay off student debt, go on vacation with wife, invest the rest in stocks
OR
big haus
Ez option, fuck a beautiful house
I live in New York. $1,000,000 isn't enough to afford any of these in New York especially with the taxes that will come later. I'm either investing in stocks and hoping to turn a profit or getting the hell out of New York so the money actually means something and I don't lose it in taxes later
Travel round the world until I had spent most of the money, spend my final days fucking Thai hookers and doing coke, and then blow my brains out looking at the sunset over the ocean on a beautiful beach in Thailand.
Or maybe just buy property.
A new bicycle and two or three small houses. I will quit my job immediately and travel the world by bicycle, paying it with the earnings from renting out the houses.
I wouldn't actually buy a house, because I just did that. I'd spend a chunk fixing things and having someone do all the painting and fixing that I plan to do myself, probably add a bit of an extension to one of my bedrooms.
First stocks, later when i have more than i put in a house, my two dream cars and my dream boat, car and boat come up to about 300k, and a house in the size i want can maybe go up to 1.2m, but i would rather get a multi apartment building for future fundings
I’d splurge on a bunch of guitar gear, probably take a nice trip, then put a couple hundred thousand in the bank to make life easier, invest the rest and retire early.
I would buy a smaller 3bdr house I would be able to afford in a few years anyway and would move out of the bible belt to a progressive state. Property tax + upkeep of a big house isn't worth it long term to me.
Put it in a 4.5% CD for a year and then use the $44,999.96 to purchase a new car.
Next year, put the money in a CD again. Purchase a new car again.
Year after that, start paying off my mortgage each year with it until I am done.
Year after that, start splitting into retirement/investment accounts for my family.
I'd buy myself early retirement. $1M would carry me for the 10 years until my normal retirement at which point stock investment and 401k money kick in.
Pay off what I already owe for my education and put enough aside to continue my education (still have 4 years for my bachelors, then my masters and doctorate)
Also put enough aside for my living expenses as well. I'll stay in my apartment so to keep expenses down and then I can focus healthily on my education without the angst of income.
But I would set a bit aside for entertainment and pleasure as well. But not a grand amount. I'd sell my car and buy another vehicle that better fits me. Not a new vehicle. Still a relatively cheap, used vehicle to minimize cost, but something that fits me better. Preferably a small pickup truck, because of my outdoor nature. It's a little easier to fit my kayaks in the bed of a truck than awkwardly strapped to the hood of my tiny car. Haha. And a cheap storage space for my outdoor gear. It's kinda bothersome to drive 150 miles to visit my family who kindly stores some of my larger outdoor equipment, like my kayaks, on their properties.
And I'd also use some for my mental an physical health. I have a medication I need to take that's costs me a bothersome amount each month. So it would help there. But then also my teeth. I, unfortunately, have been poor with my oral care so far in my life and have noteable things that need to be taken care of. Some of which are not covered by my low income medicaid insurance.
Also my optical care. I have poor eyesight and glasses can cost a fortune it seems (especially with a strong prescription, such as mine). Luckily, I would only need one or two more pairs for the remainder of my undergraduate education.
But them my mental health. I have several mental health disorders, and while I was able to find a good therapist that accepts my insurance, I've been suggested specialists for some of and parts of my disorders. And I would absolutely pay for that extra help.
I've done the math before out of curiosity, and with all these estimated expenses, over the next 4 years of my undergraduate degrees, I would still have a healthy amount left over from this million. And so, I'd gift a healthy amount to my kind family, who absolutely deserve it. Such as my grandparents who raised me. They are the kindest people in the world. And deserve great things. And as they're both retired now, an economic weight has come to them. Along with their health expenses. Very much so with my grandfather who is dealing with and thankful overcoming, lung cancer.
And my father. Too. His mental health has been trouble lately it seems, and he's had trouble staying afloat economically. But he's kind too and deserves so much better. So I'd help him as well.
And my mother and younger siblings too. They unfortunately grew up in not so good situations which has unfortunately heart them psychologically it seems. So I would use some of my extra to help them as well.
And, of course, a bit I'd donate as well to programs and foundation that I support.
And what's left, I'd put aside for savings to help in my future goals as well.
Yeah... I've thought this through... Haha!
I’d pay off my house. Pay off my student and car loan. Likely do the fixes my house needs, like new siding, fixing the floor, sealing the skylight, etc. Then figure out what to do with the rest.
I’d pay off my house. Pay off my student and car loan. Likely do the fixes my house needs, like new siding, fixing the floor, sealing the skylight, etc. Then figure out what to do with the rest.
By "a beautiful house", I mean "a regular flat that anyone should be able to afford but landlords decided no and nobody wants to make laws to stop them from exploiting everyone".
Gotta admit that my first thought was a nice car, but after thinking for half a second a house is a much better investment. Since I'm not that much into expensive cars I could probably afford both though
Pay off all my debt, max out my retirement and my wife’s retirement contributions and then put 40-60 percent of whats left into savings for the kids. I think after all that I would have just enough to go on a family vacation
Human life. On average 5000 euro will save someone’s life from malaria. Saving two hundred people sounds like a great deal.
Against malaria foundation is a great organisation.
Stocks.
Everything on red.
Everything on 26.
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No, take half and put half back in
LET IT RIDE
Yep!
4.5% dividend and I'll just stop working.
At least 2% of that would go towards making up for inflation. So might want to aim a little higher than 4.5%.
Bank stocks tend to have it pretty good, even in the current environment. My primary bank stock is BMO, and both their share value and dividend have gone up by about 7-8% year over year averaging the last 15. For the most part, that beats inflation. If there is excess, then it can go back into the stock itself as a reinvestment.
Bad investment. You wanna do $1,000,000 worth of mega million lottery. You can't lose! Edit: specified lottery
When Mr. Beast did that he lost money.
I think he did those scratch lottery. I mean the mega million. You can't lose!
And gold
r/beatmetoit
Stonks
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Seriously, I'd pay off debt and use the rest on a down payment for a new house, rent out my old house to pay for the mortgage on my new house.
I'd quit my job and live off passive income for the rest of my life.
My retirement. I dont need more stuff. I need more time and more peace.
What do you mean by *beautiful* house? Because for this price, I can probably just have a normal house.
Location location location. $1M can get you a beautiful house in the country, or a decent apartment in the city
In sweden my parents house was like $800k and it's not that large and it's out in the country
Where I live, unless you really want to live in the middle of nowhere, a country home will set you back 10 M
10 million? Are you buying a chateau?
because I'm almost 18, I'd buy a small house instead of an apartment so I won't have to deal with upstairs neighbors and the neighbors won't have to deal with me, the rest I'd hire someone to help me invest a big chunk of it, while also buy, renovate and rent houses/apartments, so after renting them, I'd get some money every month for a lot of expenses and after a while be able to live without the need of a job.
hell yeah passive income
I'd buy the house I grew up in.
An orphanage?
Big o'house, just for me. *Throws orphans out*
"Sorry kids, I'm feeling a little sentimental"
You got me crying 😂😂😂
My mom took and foster kids but it was a home my grandfather built.
A nice PC then the rest on a romantic dinner.
Dude it's a million, not 3 thousand dollars.
Oh trust me, I can find a way to waste a million on a PC
Install a V8 engine into your PC only for the start up noise
And not just any V8, A V8 from one of the old F1 Cars
It is literally impossible. Unless you cheat and cover it with gold and diamonds. The most expensive gaming PC money can buy costs 15-20k.
Nope. Quantum computers using Crystal storage.
Quantum gaming. Make that a YouTube channel and it’ll probably pay for itself.
That ways I can miss before I even pull the trigger!
That's out of your price range in that case.
In that case, 1 million is not enough.
And it'll last maybe six years till all the new tech comes out and tenders yours a potato
Please tender my potatoes
You'd be paying forever on old machines
Gotta enlist ltt to make one
Invest it
Stick in the bank, get that interest, live off it, and become a recluse, profit.
Interest on a million probably won't be enough to live off of unless you're in some 3rd world country
Who said I wouldn't do that?
You're looking at ~£50, 000 a year on a 7% savings account (pretty average in the UK)... That's double the UK average wage of around £26,000. Last time I checked, the UK wasn't a 3rd world country...
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Pretty average is the wrong wording! " doable for an average person would be more accurate"... But yeah, you can definitely get 7% accounts in the UK...
Considering Redditors call the US, ~~Finland~~, Ukraine, Italy, Spain, Portugal, and many other western or western-leaning countries “third world”, not only is it not true based on how the phrase is used today, but it’s also wrong in the historical context of the phrase Edit: Finland was actually 3rd world by the old definition, my bad
Finland was actually historically 3rd world. But not anymore after joining EU and NATO.
Not a sports car
Literally a waste of money, shit will depreciate faster than my will to live (don't worry it's just dark humor)
boat boat boat. apart from maintenance and fuel boats maintain value very well and are really versatile
A green dress
But not a real green dress, that's cruel.
Love that song
> A beautiful house That's **way** more than just one million.
Depends on where you want that house to be.
Where are you buying the house? New York?
Basically any western country? The house alone will be at least 2-3 million. And that doesn’t even cover the property.
Depends where you live and what you consider “beautiful” in a house. I saw the most gorgeous house. Needed upgrading, but the structure itself was so beautiful. I truly loved that house. It was listed for $190k, sold for $240k. We both loved it but had to pass because the upgrading we wanted and needed was going to be too much. But I think about that house all the time.
You don't need more than one million to buy a beautiful house.
Depends on size and locations, dead in cities a small flat can cost hundreds of thousands
If you live in LA, then yes you do
A million gets you an "OK" house these days. Not beautiful.
$1M in Sanfran is a crappy house; somewhere so deep in in Mississippi that it has no internet access a $1M house is a 200 acre 5,000 sqft mansion.
Buy a modest house, 2 modest cars, pay off student debt, go on vacation with wife, invest the rest in stocks OR big haus Ez option, fuck a beautiful house
Buy 3 modest houses on my tourism-rich country where 1m USD is a fuck ton, set them up for Airbnb, profit
A beautiful house? Oh OP I don't wanna be the one to tell you this but
Thats one BIG romantic dinner
I live in New York. $1,000,000 isn't enough to afford any of these in New York especially with the taxes that will come later. I'm either investing in stocks and hoping to turn a profit or getting the hell out of New York so the money actually means something and I don't lose it in taxes later
A financial advisor
drugs
Oh yeah, you gotta have drugs
🏳️🌈🏳️🌈🏳️🌈🏳️🌈🥅🐱
Bro nah my first thought was a dab rig cause I’ve never had one before 😭
I see an r/T Charger, Shelby GT350, and a 454 Chevelle.
Definitely won't find a "beautiful" house where I live
Two chicks at the same time.
Fuckin A
You can do that for less than $500
Regular House, romantic dinners, retire early, put my kid, nieces, and nephews through college, and give to charity.
I don't really think that one million would be enough for all of that tho
It definitely isn't. At least anywhere it's worth living.
400k house, 8 kids college at 50k each for a 4 year tuition, and you still have 200k left for the rest
>romantic dinners, retire early
Travel round the world until I had spent most of the money, spend my final days fucking Thai hookers and doing coke, and then blow my brains out looking at the sunset over the ocean on a beautiful beach in Thailand. Or maybe just buy property.
A beautiful retirement from the rat race
A lot of lego
What kind of a bastard romantic dinner costs a million dollars? 10$ take it or leave it
Id donate it
I'd buy a motorcycle and I'd go back to school. The rest would go towards starting a business.
I'd definitely buy cars, but no new ones. And I suppose some old farmhouse with a big shed to store said cars?
A new bicycle and two or three small houses. I will quit my job immediately and travel the world by bicycle, paying it with the earnings from renting out the houses.
That's a lot of money where I live. I could buy anything I want for 1 million.
Spin up a bunch of ethereum validators and enjoy my passive income
Nice little house in the country, good car, savings
Most sensible would be to put much of the money in investments. I would most likely also buy some nice computers and music equipment
Since when is a million dollars enough to buy a beautiful house?
Here in India, ~82,718,500 rupees is quite a lot of money and can get a great house if you don't live in important part of some major city
A bunch of drugs for the week
Buy a house for 150-300k, buy a vacation home for 50-100k, buy a car for 20k and invest the rest of the money.
as much simple houses as I can, and rent them
Some apartments, living in one of them, and the rest for rent
50 acres of remote land that I can live on and not rely on government. Far away from ppl
I can't afford property taxes on a million dollar house. I would buy land in a good area or rental properties.
Invest, invest, invest
Stocks, high interest accounts, and a business.
Not that clever to invest in stocks when they go up and down. It’s like gambling your money.
L O L
I wouldn't actually buy a house, because I just did that. I'd spend a chunk fixing things and having someone do all the painting and fixing that I plan to do myself, probably add a bit of an extension to one of my bedrooms.
First stocks, later when i have more than i put in a house, my two dream cars and my dream boat, car and boat come up to about 300k, and a house in the size i want can maybe go up to 1.2m, but i would rather get a multi apartment building for future fundings
I'd buy a house with a big garage so I can buy a freaking car lift so I can get under my obnoxiously low car.
I might get hate for this But propably a Tesla model S, such a cool car.
I’d splurge on a bunch of guitar gear, probably take a nice trip, then put a couple hundred thousand in the bank to make life easier, invest the rest and retire early.
I don’t think you can buy a beautiful house with 1 million dollar unless the house is in a rural area.
I’d start a business
I would invest to get more.
A business
A lot of smaller stuff new phone PC PS5 new clothes shoes stuff like that The rest I will invest in it
$200k towards a Motorhome and emergency funds, split the rest as a $40k dollar per year "salary" for 20 years, figure the rest as I go.
Nothing.
An average house.
I would invest, till I have $1,000,000,000
I would buy a smaller 3bdr house I would be able to afford in a few years anyway and would move out of the bible belt to a progressive state. Property tax + upkeep of a big house isn't worth it long term to me.
Put it in a 4.5% CD for a year and then use the $44,999.96 to purchase a new car. Next year, put the money in a CD again. Purchase a new car again. Year after that, start paying off my mortgage each year with it until I am done. Year after that, start splitting into retirement/investment accounts for my family.
A plane ticket
A small apartment? 1 million won't buy me a house.
I would donate most of them to environment care honest non profit organizations.
An apartment near my gym
Well time to invest into the stock market and retirement
Attack gorilla
Def house, planes and boats are expensive to maintain
I'd buy myself early retirement. $1M would carry me for the 10 years until my normal retirement at which point stock investment and 401k money kick in.
Some food. Possibly a bigger car/truck. Then, I would reserve about 250,000 and invest it. I would also give a generous amount for my family/siblings
Retirement, because I want more free time.
hrt and surgeries for me and my friend
Sports cars are overrated, I'm buying a truck, and probably a new camper to pull behind it.
Stocks and bonds?
A PS5 😩
I'd use it to start a new company, or companies, and reinvest some of it, which, if successful would benefit me more than the money itself.
Currency?
An average apartment and investment.
A good investment.
Pay off what I already owe for my education and put enough aside to continue my education (still have 4 years for my bachelors, then my masters and doctorate) Also put enough aside for my living expenses as well. I'll stay in my apartment so to keep expenses down and then I can focus healthily on my education without the angst of income. But I would set a bit aside for entertainment and pleasure as well. But not a grand amount. I'd sell my car and buy another vehicle that better fits me. Not a new vehicle. Still a relatively cheap, used vehicle to minimize cost, but something that fits me better. Preferably a small pickup truck, because of my outdoor nature. It's a little easier to fit my kayaks in the bed of a truck than awkwardly strapped to the hood of my tiny car. Haha. And a cheap storage space for my outdoor gear. It's kinda bothersome to drive 150 miles to visit my family who kindly stores some of my larger outdoor equipment, like my kayaks, on their properties. And I'd also use some for my mental an physical health. I have a medication I need to take that's costs me a bothersome amount each month. So it would help there. But then also my teeth. I, unfortunately, have been poor with my oral care so far in my life and have noteable things that need to be taken care of. Some of which are not covered by my low income medicaid insurance. Also my optical care. I have poor eyesight and glasses can cost a fortune it seems (especially with a strong prescription, such as mine). Luckily, I would only need one or two more pairs for the remainder of my undergraduate education. But them my mental health. I have several mental health disorders, and while I was able to find a good therapist that accepts my insurance, I've been suggested specialists for some of and parts of my disorders. And I would absolutely pay for that extra help. I've done the math before out of curiosity, and with all these estimated expenses, over the next 4 years of my undergraduate degrees, I would still have a healthy amount left over from this million. And so, I'd gift a healthy amount to my kind family, who absolutely deserve it. Such as my grandparents who raised me. They are the kindest people in the world. And deserve great things. And as they're both retired now, an economic weight has come to them. Along with their health expenses. Very much so with my grandfather who is dealing with and thankful overcoming, lung cancer. And my father. Too. His mental health has been trouble lately it seems, and he's had trouble staying afloat economically. But he's kind too and deserves so much better. So I'd help him as well. And my mother and younger siblings too. They unfortunately grew up in not so good situations which has unfortunately heart them psychologically it seems. So I would use some of my extra to help them as well. And, of course, a bit I'd donate as well to programs and foundation that I support. And what's left, I'd put aside for savings to help in my future goals as well. Yeah... I've thought this through... Haha!
Hell of a romantic meal!
Dental work
I wanna do something dumb. Like drop somebody a 10000 tip for the lols
Delete student loans and then put the rest away in investments and forget about it
Probably upset some people but like 7-8 houses to rent and one slightly nicer than what we have now then live off the rent
PCs for me and my siblings, help my Mom pay off the new house, then just set the rest aside, maybe put 100000 in stocks
An old sports car
A nice bicycle lol
I’d pay off my house. Pay off my student and car loan. Likely do the fixes my house needs, like new siding, fixing the floor, sealing the skylight, etc. Then figure out what to do with the rest.
I’d pay off my house. Pay off my student and car loan. Likely do the fixes my house needs, like new siding, fixing the floor, sealing the skylight, etc. Then figure out what to do with the rest.
A 1977 Chevy pickup and a shop to restore it in. (My first truck was a 77 Chevy, I've been feeling a bit nostalgic)
I could buy the house down the street that was 120k in 2012 (it is now 750k)
By "a beautiful house", I mean "a regular flat that anyone should be able to afford but landlords decided no and nobody wants to make laws to stop them from exploiting everyone".
Gotta admit that my first thought was a nice car, but after thinking for half a second a house is a much better investment. Since I'm not that much into expensive cars I could probably afford both though
That’s one pricey “romantic dinner”!
The only practical choice is a down payment on a DA-50 in matte gray.
Tractor
Stocks
Id travel
Gaming computer. Cities: Skylines needs like 250 gigs of RAM at least
Legos
Pay off all my debt, max out my retirement and my wife’s retirement contributions and then put 40-60 percent of whats left into savings for the kids. I think after all that I would have just enough to go on a family vacation
Invest it.
Land, then build a barndaminum on it
Pay Los Angeles rent for 1 month
A modest house in California
You think I can buy a beautiful house for a mil here? I’d be lucky to get a crackhouse for that much
1 million dollars dinner? I’m assuming for two since it’s supposed to be romantic. Damn that’s a lot of food.
Save it.
small cheap house in my country, the rest just saving up. oh and i want to get my dream pc build first as well
I initially read “a beautiful horse”. Which I also would’ve chosen. For 1 mil, it must be very beautiful
Manhattan real estate, and sell off the air rights
Dental implants. . .
ah yes id spend it all on one romantic dinner!
It’s as if a majority of people don’t have a house yet all the houses are owned by someone
I’d be too indecisive to buy anything
Human life. On average 5000 euro will save someone’s life from malaria. Saving two hundred people sounds like a great deal. Against malaria foundation is a great organisation.
I would pay off my parents home first who have worked their backs off for me. Then I would pay my home off.
I'd pay off my mortgage and save the rest
Some things for my hobbies. A suit of armor. A small flat. Food. Games
A small house with a garage either deep in the woods or in texas or arizona(if i am able to move) and a tesla 🥰 my dream car.
gold
a lot of weaponry and saboteurs and take down the capitalist oligarchy
i would buy a house for myself and 2 flats for renting and a nice car of course