What Would You Do With $10 MILLION Dollars

Discussion in 'Teacher Time Out' started by Math, Jun 28, 2013.

  1. Math

    Math Cohort

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    Jun 28, 2013

    Lets say you woke up one day and checked your bank account and there was $10 million dollars in there. You now had the money which was not stolen or illegal in anyway shape or form. Lets say it was given to you.

    What would you do? Save it? Quit Teaching? Start a Business? Give?

    I was just thinking about it. :p

    I would want to start some type of business with my family. Hopefully to make more money and then help the homeless. I probably wouldn't end up teaching then.
     
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  3. Zelda~*

    Zelda~* Devotee

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    Jun 28, 2013

    Invest a big chunk. Quit my job---give to charity---travel.

    I'd buy a house where my family likes to vacation and live there when it wasn't hurricane season. :D
     
  4. Caesar753

    Caesar753 Multitudinous

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    Jun 28, 2013

    I'd buy a huge plot of land and build houses for my family and any family members who would want to live there.
     
  5. yellowdaisies

    yellowdaisies Fanatic

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    Jun 28, 2013

    Pay off our student loan debts and buy a house. After that, I have no idea.
     
  6. Ms. I

    Ms. I Maven

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    Jun 28, 2013

    I love this topic that occurs from time to time! :D

    Definitely NO working for me!
    Donate to children/orphanage, animal, & cancer research/cure charties.
    Volunteer with some organizations that have to do with the above.
    I'd go ahead & finish up my 2nd grad degree because I'm so close to finishing.
    Buy my parents a nice, laid out 1-story home if they want it. Also 2 new cars for them & ANYTHING else in the world they want. They're not the type to want for anything though, but I'm insisting!
    Help out some relatives.
    Buy myself a nice home in the city I'm in now & a 2nd home somewhere...maybe Hawaii or some other laid back, tropical locale.
    Get myself 2-3 nice cars OR maybe 7 so I can drive a different one every day of the week!
    Shop & dine out a lot.
    Have a personal trainer.
    Take golf lessons.
    Save & invest a lot.
    Pay all bills a year at a time.
    Travel, travel, & did I say travel?!
     
  7. TeachingHistory

    TeachingHistory Companion

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    Jun 28, 2013

    1. pay off my loans
    2. Give it to my church for donation / building restoration / charity
    3. Properly restore the 4 boarded up buildings at my site and expand the museum

    After that, I have no idea. Send my parents to Hawaii?
     
  8. dgpiaffeteach

    dgpiaffeteach Aficionado

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    Jun 28, 2013

    Buy an apartment in Paris. Travel with Paris as my home base :)

    Start a program that rehabilitates thoroughbreds and connects them with kids in juvenile detention. Kind of a joint rehabilitation program. There's a similar program already but I love the idea. Both are special to me :)
     
  9. monsieurteacher

    monsieurteacher Aficionado

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    Jun 28, 2013

    Pay off debt.
    Get wife's migraines fixed.
    Buy a class set of iPads.
    Continue teaching with class set of iPads.
    Adopt.
    Buy a house.
    Donate a bunch.
     
  10. Bella2010

    Bella2010 Habitué

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    Jun 29, 2013

    Pay off all our debts
    Build a house in the country and hire a cleaning lady! :p
    Put money back for DS's college
    Pay off my sister and BIL's house
    Give them money for nephew and niece's college
    Build my parents a new house
    Gift my parents a good sum of money so they can have an awesome retirement :)
    Take yearly family vacations
    Invest and save
    Donate to charities
    Hire a surrogate so that we could have kiddo #2
    Quit teaching and become the best PTO, soccer, volunteer mom ever! :)

    Beth
     
  11. bros

    bros Phenom

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    Jun 29, 2013

    1. Invest 4 million in a variety of ways (probably 40% aggressive, 60% conservatively)
    2. Pay off my parents debts and my brother's student loans.
    3. Renovate my parents house
    4. Donate some to charity
    5. Save the rest
     
  12. Irishdave

    Irishdave Enthusiast

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    Jun 29, 2013

    I would build a family compound My son and my step kids would all have houses AND the whole place would be green engineered! And set up to live "off the grid" if I/we needed to.

    Just about everybody said Donate it just proves how giving we teacher are

    Just like in the past
    Most would take care of family
    Many said outfit their classrooms

    As the doctor said "If you weren't a teacher, I'd say you have an enlarged heart"


    .
     
  13. AdamnJakesMommy

    AdamnJakesMommy Habitué

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    Jun 29, 2013

    Gosh, first I'd buy a minivan straight out since I'm expecting #3 in August and my Camry will not cut it anymore. I'd take advantage of the maximum 1 year out with baby, and then take care of the following:

    Then I'd buy granite countertops and redo my hall bathroom, and get more updated appliances--that'd take care of all upgrades needed on my house.

    Pay off all credit cards and student loan debt and be debt free.

    Travel: Bahamas, New Zealand, Russia, Germany/Austria, the Netherlands, Britain.

    Give a couple million to my mom so she can retire at 55, and then continue working to save enough money so I could comfortably retire around 50.
     
  14. Em_Catz

    Em_Catz Devotee

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    Jun 29, 2013

    1. Pay off fiance's student loans
    2. Pay off my parents debt
    3. Invest so I have an extremely comfortable retirement
    4. Travel to Japan, Italy, France, Alaska, Egypt and Spain
    5. Attempt to publish a novel (maybe even hire a ghost writer)
    6. Get pregnant right away
    7. Purchase a business
    8. Buy my parents a new house
    9. Pay off my brother's mortgage so his house is free and clear
    10. Quit teaching
    11. Purchase a 5 bedroom single family home in a "nice" neighborhood
     
  15. a2z

    a2z Virtuoso

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    Jun 29, 2013

    Of course, pay off bills and make sure family is secure (one chance only).

    In the grand scheme of things 10 million doesn't go that far. So, I would definitely find secure investments and start using that money to then do the other types of things I would want to do.

    I would try to set up an organization that is mostly self-supporting that would provide training for teachers in researched-based reading practices that work with students with disabilities. Many caring teachers want to learn these methods but can't do so because the training is expensive.

    Some money would of course be donated to church.

    Travel would be in the plans for sure, but not so much that it eats all the funds.
     
  16. smalltowngal

    smalltowngal Multitudinous

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    Jun 29, 2013

    Pay off mine and my dad's houses
    Buy my sister a home
    Invest
    Travel, travel, travel
    Donate
     
  17. bison

    bison Habitué

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    Jun 29, 2013

    First, I'd call my mom, a lawyer, and a financial adviser. I wouldn't tell anyone else except maybe one other relative so I could pay off her student loans. Then I'd invest, take a year off to travel the world (still on a budget--I want to see everything and the money needs to last), then return to my current path and hopefully find a teaching job. I'd stick with my current lifestyle except with less grocery budgeting (more quality cured meats and good cheese!) and more regular travel. My mom's mortgage would also get paid off, and I'd likely take her with me for some of the travel. I'd donate some, and continue to do so as my investments hopefully brought in some additional income. :)
     
  18. runsw/scissors

    runsw/scissors Phenom

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    Jun 29, 2013

    Pay off debts
    Buy a nice house
    Set aside a chunk for retirement
    Donate to charities important to us
    Travel A LOT
    Hire a cleaning lady
    And Sweets has said something about finding a trustee that would control the funds so we don't over spend. There is a technical name for this person, but I can't come up with it.
     

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