Sunday, November 3, 2013

NaBloPoMo: Day 3 - If you found one million dollars...

[In case you missed it, this month I'm participating in National Blog Posting Month by posting on the blog every day.]

I'm using Friday's blogging prompt for this short post today, which is: If you found one million dollars in the morning and had to spend it by nightfall, what would you do with the money?

I'm going with the first thoughts that come to mind.  I would first pay off my student loans, and the student loans and mortgage of my siblings and parents, respectively.

Then, I would purchase something of value ($300,000?) that I could sell later for money.  That way I could get around the rules and would have more than just 14 hours to decide the best way to spend it.

The remaining money (which should be a lot) I would donate to various organizations such as Ultimate Peace, Secular Student Alliance, UW-Madison's Department of Spanish and Portuguese, Liberty in North Korea, and the local libraries and food pantries in my town.

When I eventually sell whatever big item I purchased of value, I don't think I'd keep too much of the money.  Some of this cash would probably go towards retirement, some sort of savings fund, and/or start-up funds for a small business.  I'd take into account any special needs of family and close friends.  And all that's left over would get donated to more organizations.

Maybe my plan would change if I gave it more thought, or if it actually were to happen.  What would you do if you had one day to spend a million dollars?
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  1. Circumventing the rules by buying something with resale value totally defeats the point of the exercise.

    Personally, I'd buy a ticket to Korea and then I'd spend the rest on lotto tickets... awwww yeah

    1. Yeah, I know -- but it's such an unlikely scenario I didn't feel the need to strictly follow the rules.

      I approve your spending plan, have you found the million yet??