How would you change your life if you woke up tomorrow with a million dollars in the bank?

It’s not really enough to “retire” if you have 50 more years to live (maybe you could make it work through) but it’s enough to give you a lot of freedom to make new life choices.

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Pay off all my debt and work a job for fun money. I would get the F out of public accounting, at least for full time hours.

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Put it into something safe-ish and set that money aside for my daughter. It’ll be hers. I don’t think I’ll be able to leave her much else, so I would like to be able to do this.

likeupliftingsmarthelpful
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Get my affairs in order, retire on $40K/year and promptly fuck off. No more emails, no more phones, no more people

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28M. It honestly would do absolutely nothing to change my life in terms of career and really even lofe. I think I’d just throw it all in VTI.

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Vanguard Total Stock Market Index Fund ETF

Pay off student loans, buy a house, travel more, then sprinkle joy into family, friends and strangers lives' little bit by little bit. But tell no one that I got blessed with a million dollars. 😊 It would just be my little secret.

likeuplifting

Definitely tell no one!

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I would wonder where the other 6 million went.

likefunny

Actually look at buying a house - I’m in the DC market so buying is just a dream at the moment

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@EY1 oh I know, I live in DC

I would pay off student loans, buy a house, make sure my immediate family was out of debt, invest the rest

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It would be life changing for me.

Pay off the last 30k of my student loans.

Put ~50k into emergency savings (I already have some but it’s bare bones due to the loans).

Buy a new electric car - currently driving an 08 Toyota that has seen better days and doesn’t have all the safety features I would like plus better for the environment.

Take a 3 month sabbatical. In a short time frame I’ve experienced a host of life changes including cross country move, family member passing, significant relationships ending and starting, job and career change, etc. I would love the time off to have some honest reflection, take stock of what I’ve done well and can improve, how to make the best of the changes, and my short and long term goals. I’m working on it now but having the time uninterrupted without losing the income would be amazing.

I would donate to my favorite causes. I really started taking charity seriously during the pandemic and I’ve given what I can but could give much more with the additional funds.

The rest I would invest.

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Assuming 1 million after taxes, as some one relatively close to retirement, it is just enough to get me to my retirement number.

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Okay besides the mature things like investments and donations I would:

Immediately get a cat 🥺 I've always wanted one and I could buy those fancy litter boxes that scoop for you so it never smells. And not go broke if there's a vet bill.

Pay for my best friend's education, pay off her loans, and buy her a nice MacBook. She's such a hard worker with big dreams, but has chronic health conditions and never gotten much financial support from family so finishing her undergrad has been tough.

Set aside money for a trip to Japan. I spent a year there in college in Tokyo, and learned to speak well, and miss it so much. Want to visit friends again before we all forget each other.

Buy an ethical real down comforter (or feaux if there's no such thing as ethical) because WHY would you not have one if you can afford one

Buy myself some real jewelry. It's one of the few material things I value having nice versions of and I have a lot of cartilage piercings :))

Can you tell I'm young. You can but whatever, these are kinds of things a young broke kid wants right now 🤠

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It would do a lot for me.

We pay $2700 per month in student debt. Now, 1600 of it will be fully paid off by 2023, but that is a HUGE burden. We pay less than that for rent!

It would also enable us to buy a home and take financial stress off of ourselves.

I could really go ALL-IN on my side hustle for a year or 2 without worry

+ a nice car upgrade like a 911 or E63s would be nice before all the environmentalists ban gas vehicles!!

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Buy a small house on a large property. Need a big yard for my dogs.

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This happened to me this year. My prior tech company IPO'd and that's what my shares were worth.

Hasn't changed my life yet--paid off some student loans. Bought my favorite perfume.

Have started to realize that I can only afford a $hitbox 1960s 2BR condo in a city I don't really want to live in, in the Bay Area, on my salary, now that I have a down payment. It's just not that much here. I now scroll zillow for funsies when getting on the property ladder was previously an impossibility.

I can breathe, but...I have a lot of working years left. Don't get me wrong: Im grateful. But the COL is so high in the Bay Area that it's not F-you money.

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So much truth. Stupid bay area COL.

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I'm halfway there already. Probably wouldn't change much except maybe I'd stop being so dang cheap with treating myself more often (but like with a $300 sweater, not a $300k car or anything)

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Invest all. The change is in what I invest. Will probably buy real estate, as opposed to just ETFs if I didn’t have the capital.

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DOGE

funny

I’d buy a home, treat myself to a lovely vacation, and invest the rest. I’d also finally get a dog, since I would have a yard for it to play in :)

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Spend it on hookers and blow until I OD.

uplifting

~$300k on remodeling and landscaping my house
Invest the rest, but would likely buy a multi family investment property in a few years for cash flow.

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