Comments on: What Would You do with a Million Dollars http://hopetoprosper.com/what-would-you-do-with-a-million-dollars/ Simple Practices that Lead to Wealth Wed, 28 Jul 2010 21:17:13 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Mneiae http://hopetoprosper.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-71 Mneiae Sun, 20 Sep 2009 21:33:56 +0000 http://www.bretfrohlich.com/?p=747#comment-71 This response or plan might be a little unusual, given my situation. The first thing that I would do would be to fund my 529 plan, as I am in school and plan to get my MBA and JD after I finish up my undergrad. Then, I would set up something for my parents' retirement. And last of all would come my own house, which I would pay for in full. As far as having fun with the money goes, I would probably go to LA and chill for a month with no worries. This response or plan might be a little unusual, given my situation. The first thing that I would do would be to fund my 529 plan, as I am in school and plan to get my MBA and JD after I finish up my undergrad. Then, I would set up something for my parents’ retirement. And last of all would come my own house, which I would pay for in full. As far as having fun with the money goes, I would probably go to LA and chill for a month with no worries.

]]> By: Black Coffee: My Favorite Blogs, Money News & Opinions #13 http://hopetoprosper.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-72 Black Coffee: My Favorite Blogs, Money News & Opinions #13 Sat, 19 Sep 2009 00:32:58 +0000 http://www.bretfrohlich.com/?p=747#comment-72 [...] than enough money in the bank to do whatever you wanted?  Think about it.  Bret shares with us his “million dollar dream” and it is an interesting one, to be sure.  Check out Bret’s post and then let him know what [...] [...] than enough money in the bank to do whatever you wanted?  Think about it.  Bret shares with us his “million dollar dream” and it is an interesting one, to be sure.  Check out Bret’s post and then let him know what [...]

]]> By: Len Penzo http://hopetoprosper.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-73 Len Penzo Fri, 18 Sep 2009 05:23:57 +0000 http://www.bretfrohlich.com/?p=747#comment-73 Very true. BUT, if you are lucky enough to tackle a job that you have a *real* passion for, then I would argue that the long hours would be trumped by the level of personal satisfaction you would get from the job. Very true. BUT, if you are lucky enough to tackle a job that you have a *real* passion for, then I would argue that the long hours would be trumped by the level of personal satisfaction you would get from the job.

]]> By: Bret Frohlich http://hopetoprosper.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-74 Bret Frohlich Thu, 17 Sep 2009 19:47:57 +0000 http://www.bretfrohlich.com/?p=747#comment-74 @simplyforties - With a million dollars, I could live a shameless life of luxury for a couple of years or a frugal life of luxury indefinitely. I would pick indefinitely, because I cherish a life of freedom more than a bunch of expensive stuff. @Len - I have always dreamed of starting a business instead of working. The reality is that most businesses are like jobs, but with longer hours. If I had a million dollars, I think my new business would be making my investments grow enough to support me. @simplyforties – With a million dollars, I could live a shameless life of luxury for a couple of years or a frugal life of luxury indefinitely. I would pick indefinitely, because I cherish a life of freedom more than a bunch of expensive stuff.

@Len – I have always dreamed of starting a business instead of working. The reality is that most businesses are like jobs, but with longer hours. If I had a million dollars, I think my new business would be making my investments grow enough to support me.

]]> By: Len Penzo http://hopetoprosper.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-75 Len Penzo Thu, 17 Sep 2009 01:38:23 +0000 http://www.bretfrohlich.com/?p=747#comment-75 What a great problem to have, Bret. I have thought about this question before. Here are a few things I would do: 1) Start my own business. I would never dream of doing what Peter suggested, as I believe that lazy path would only lead to personal disaster 2) Ensure my parents and in-laws were set up such that they were comfortable in their retirement. 3) Continue to live my modest lifestyle, although I would treat my family to a very nice 2-week vacation to some awesome locale at least twice per year. 4) Although I would pay for my kids college or vocational schooling, I would probably end up donating most (not all) of my earnings to charity. That's my $0.02 (after taxes) Len What a great problem to have, Bret. I have thought about this question before. Here are a few things I would do:

1) Start my own business. I would never dream of doing what Peter suggested, as I believe that lazy path would only lead to personal disaster
2) Ensure my parents and in-laws were set up such that they were comfortable in their retirement.
3) Continue to live my modest lifestyle, although I would treat my family to a very nice 2-week vacation to some awesome locale at least twice per year.
4) Although I would pay for my kids college or vocational schooling, I would probably end up donating most (not all) of my earnings to charity.

That’s my $0.02 (after taxes)

Len

]]> By: Simplyforties http://hopetoprosper.com/what-would-you-do-with-a-million-dollars/comment-page-1/#comment-76 Simplyforties Sun, 13 Sep 2009 01:28:16 +0000 http://www.bretfrohlich.com/?p=747#comment-76 Sad to say that a millions dollars would not be enough to allow you to live a "life of shameless luxury". Fun to dream though! Sad to say that a millions dollars would not be enough to allow you to live a “life of shameless luxury”. Fun to dream though!

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