Invest it over the year in small increments straight into really solid dividend-paying investments from blue-chips that give out at least a 2% dividend, and start to live off that income ($20,000 @ 2%) a year.
(I wouldn’t drop a million in a day in the market, but something like $100K a month for the next 10 months until it is all invested…)
That’s it. I wouldn’t spend it.
It would go straight into investing, and I’d colour off (mentally) the half of my retirement fund goal.
I wouldn’t really have any debts to pay off — my house is free and clear and so is my car… so frankly I would be fine with just saving that money.
If you won $1 million today, what would you do with the money?
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