1 million dollars in 1 year: How would you spend it?

My honest answer?

Buy this car in the video, enjoy it for a month or so, sell it for $50k more. Then you have $1.05 mil for the next 11 months.

With that money:

1) I'd walk around to different homeless folks or people who were legitimately struggling. Then, in the ones absent of mental illness or drug addiction, spluge on a few of them to really get their life going.
2) Buy into a resort/vacation home (for lasting profit) or a select community center (for a lasting legacy).

Still, step 1:
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I'd do nothing. Absolutely nothing. Nothing for about 5 or 6 years until I'm out of school. Then I'd get this party (my life) started.

1 million is not enough for anything truly extravagant. but it is enough for the ultimate luxury - quitting my lame ass job

give $2500 to unmarried women to get abortion, die knowing that i made the world a better place

Originally Posted by Dedalus

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Hold a contest with a $1 million prize, where people have to debase themselves to win.

**** people will debase themselves plenty for a lot less than $1m

Buy EVERYTHING in B&S.

Buy an expensive collectors postage stamp and use it to post a postcard of a naked woman? (or man if you are into that)

Originally Posted by GQgeek

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would spend entire amount on a house or condo since i'm not allowed to invest it.

Then you'd get hit with property taxes and upkeep after the money's gone. You wouldn't be able to afford to keep the house. This is, more or less, what happens to almost every single lottery winner and quite a few professional athletes: they spend into a frenzy on houses, cars, planes, boats, etc, without taking total lifetime cost of ownership into consideration.

I realize we're playing make-believe and don't want to give boring answers, and I apologize for continuing to be a wet blanket. But at the same time, you don't want to spend more than the million, if you see what I'm saying here. The goal doesn't have to be to save the million, but it definitely shouldn't be to accumulate a ton of debt and losses that stick with you after the million's been spent.

I would imagine that buying collectibles or commodities with the money is against the rules of the game, so buying a bunch of gold bars is probably out. But would buying something like a super-expensive baseball card, or stamp, or painting, etc., be allowed? If so, I'd almost definitely go this route: again, provided you don't spend the entire million, because at least some of it would have to be set aside for insurance against, and storage of, the item in question.

Originally Posted by appolyon

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A year? I think you are giving the guys on the forum waaaay too much time

Yea I think most of these dudes could care of it before breakfast.

I hate to tell you, but if the dude is dead, 'showing contempt' by blowing all of the money as fast as possible is just going to make you look like a moron.

Originally Posted by Arrogant Bastard

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Then you'd get hit with property taxes and upkeep after the money's gone.
not necessarily. Let's say one earned even just 50k; that would be sufficient to upkeep a million dollar home. This is also reinforced by the assumption that as working adults, the recipient would already have some sort of real estate to sell which would inevitably aid the circumstances. Furnishing it adequately is another matter entirely. I'm not condoning it, but it is a possibility.

Buy styleforum.net.

Ladies and profit!

I'd slide that wad over to my father, because he is, like, one of the top brokers in the state.

Buy 3 (or 4) reasonably priced, but nice vehicles, drive 1 and store the other 2, essentially taking care of your auto expenses (minus repairs, fuel) for the next 20 years or so. $200,000

Spend about 50k on clothing.

Take a couple of nice vacations.

Buy a series of high end appliances and store these as well.

25k in non-perishable/freezable food, assuming you have the means to store it.

Put most of the remaining into a piece of undervalued real estate.

You can't invest the money in actual investment vehicles, but you can purchase things that you will eventually have to purchase, rather than just blowing all of it on vacations, etc.

Invest in a startup. Good chance you will get your wish of simply burning through it.

Commission some artwork, perhaps a piece to be donated to your city.

Donate to the local symphony, ballet, and opera etc scenes.

A nice house in Grosse Pointe, Aston Martin DB9 and whatever car the wife wants, vacations at the Ritz-Carlton St. Thomas and Four Seasons Bora Bora, a few nice suits, donate the rest.