What would you do with $1 000 000?

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cute

i appraise
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die
 

Simley

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I will continue my life normally and I will help my parents if needed or want to give them a gift.
 

Niteburn

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Invest into "Businesses" on MCM. Smartest idea for anyone who wants to invest their money.
 

Dragson

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I would save some invest some and donate some to charity and save it for the future and also pay a little for college.
 

Dinoo_

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Jack

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Imagine a 401k with 1m in your 20's lmao.
Well if you just happen to get $1,000,000 it probably wouldn't come tax-free (like if you won a lottery or received inheritance). So there wouldn't be any point in putting it into a 401(k).
Even if you could contribute it pre-tax, maximum personal annual contribution is like $19,000.
 

Red

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I’d keep my lifestyle exactly the same and wouldn’t make any big purchases or anything. I’d research the best ways to reinvest it in order to turn it into a lot more. I would strongly look into real estate opportunities especially, because I think it’s a good investment route to take if done right and I’m interested in it a lot as well.
This is almost exactly what I'd do. My father is a real estate agent on the side, apart from his primary line of work. Through him, I've learned a fair bit about the industry (though I no doubt have a lot to learn). One million is not enough for me to maintain my current standard of living for an entire lifetime. I'd probably not touch half of it, and try to figure out how best to invest the remaining half.

I do think that the idea of sitting on it for a little while and waiting for an ideal time to invest is wise play. When that opportunity arrives, and prices seem to have gone as low as they're going to go, just dump the entire 500K in there.
 

Blaze.

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Invest $100,000 of it into the legal weed industry.

Buy myself a dream setup and recording software that'd cost around $10,000 (Just in case I wanted to become a YouTuber/Streamer in the future.)

Buy a Tesla Model X. ($81,000)

Buy a house somewhere in Canada. (I've always wanted to live there)

Buy some furniture for my house.

I'd start to go to college for a degree in some sort of IT field.

Save the rest in a bank account somewhere safe.
 
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