SO FREAKING BAD….. You’re supposed to be singing that in your head…. you know that song?
What would you do with a million dollars, tax free?
I used to think that having a million dollars was astronomical. The older I get, the less money that seems to be. Don’t get me wrong… I know it’s a LOT of money but it just doesn’t go as far as it used to.
We live on a street that only has 2 houses on it, us and our neighbors at the end of the street. There are about 3 empty lots across the street and one on each side of us. Hubby has often said that if we “won the lottery” he would buy all the empty lots on our street so that when our kids got “settled” and ready to be close again he would love to build them all houses on our street (they are probably running for the hills as they read this!) and build a huge swimming pool for all of us to share.
I would like to pay off all our debts. We have worked hard this last year to pay off most of our debts so we are pretty much debt free other than our house and the car we just bought and one small credit card that we have almost finished paying off. Then I’d like to help out our kids. Make sure our younger two had enough money put aside to finish college and get their degrees and help our oldest finish paying off her student loans.
I’d also love to take a nice long extended vacation with the whole family. Ideally I’d love for us all to be able to go to Japan to see my mother in law before it’s too late. My youngest daughter has never had the opportunity to meet her paternal grandmother. I would love for her to realize that dream. I would love to see her again. I know my husband would love the opportunity to see his mom again. We have not seen her since his brother got married 25 years ago and we brought her back to visit with us for about a month. If she wasn’t at the age she is, it would most definitely be easier for her to come here rather than all of us to go there but since she is almost 93 years old I don’t think that is feasible.
After all those things were taken care of, I’d like to help out my parents. Make sure all their debts were taken care of and that their house was in good shape and all their problems with their land and house was taken care of. I’d like to make sure they had enough in store for their future. Then if anything were left, it would of course take on the trickle down effect of helping out our siblings.
If anything were left after that I guess I’d make sure our retirement was sufficient and that our kids had a good start on saving for their futures as well. I know that might sound like a boring way to spend a million dollars tax free but I tend to be very frugal. I guess in some people’s books that translates to boring. Boring isn’t always a bad thing.