Spending a million dollars wisely and rationally is as difficult as earning or getting it. Rarely does anyone get such a chance. So that your money does not go to waste, it is worth listening to the suggestions and advice of friends, family members, knowledgeable people, and experienced entrepreneurs. But the final decision will ultimately have to be made only by you.
It is necessary
One million dollars
Instructions
Step 1
You may need to pay off all your current debts, close your credit card accounts, pay off your mortgage, help relatives and friends get out of debt. This is likely to be only a fraction of the million dollars you are planning to spend. But these expenses should be done first.
Step 2
Most entrepreneurs will give good advice: money has to work. Thus, you should invest money in valuable banks, funds, stocks, real estate, land, enterprises, etc., so that they bring more income for a long time, which you could already spend at your discretion. But investing such a large amount as a million dollars, again, should be wisely, after consulting with economists, lawyers and financiers.
Step 3
Quickly enough, you can spend a million dollars on your own image, collectible furniture, clothes from famous stylists, expensive cars. Few of these expenses will qualify as a profitable investment. For example, investing in classic paintings, antique icons, real estate and vintage cars.
Step 4
Buy your dream home or the property you have always wanted to live in. For example, a mansion in Fiji or Italy, a small castle in England or other states. Moreover, most likely you will have the funds to repair and decorate your home, pay for expensive decorators and the maintenance of servants, gardeners, butlers. Consider buying a private jet, yacht or island. It is also an equally expensive hobby.
Step 5
Get involved in charity work. If you donate not the entire amount, but even a hundredth of a million dollars to a children's charity fund, an orphanage, a hospital, a school, or a nursing home, your act will not only bring moral satisfaction to you, but also significantly reduce taxes that one way or another will have to be paid from such solid income like a million dollars.
