Screw all of the "I'D BUY THIS" wasteful thinking, I'd use it to pay off college debt, then stick it in a bank account, forget about it for 20 years then be pleasantly surprised when interest has kicked in....
Pay my bills off, leave the bulk in the bank and live off the interest. I live frugally now, so about the only thing that would change, is that I would not work anymore.
I would pay off all my bills and buy land in Idaho. I would build a cement modern looking home with lots of windows and a deep two story basement. I want it to be a 2/3 bed and a 1.5/2 bath above ground and the same underground. Wood stove next to a bedroom and grill outside. I also want a large underground area on top of the open garage I will use as a barn and storage. Make it so I am self sufficient, small herd of cows, horses, goats, few pigs and a flock of various poultry and plants. I want to have devil's claw, tea, herbs, vegetables and fruits. I would also invest in a large solar powered fence. I would also line the top of the house and other buildings in solar panels.
I'd save some for collage, save some for my school trip to Ireland, give a quarter of it to my family, and save the rest for when I'm older and will need it more.
Firstly I'll keep 500,000 for myself.
With the other 500,000 - I'd give money to charity, to my family and friends, I'd buy a big house and garden and go on a few vacations...
spend it foolishly. First, of course, I'd pay off all debt and buy a reasonable but not excessive house, then it's time to travel until it runs out or I get bored. "Hey where's Rory this week?" "I don't know, I heard Spain, but he could just as easily be in Russia...........or sleeping in our backyard."
Invest it in tangible goods, start a business, build up more capital, etc. Buy a large plot of land, take a vacation knowing my money is not just sitting, but creating some jobs and still growing.
Interest on $1mil would be about 50,000 a year. Taking off the cost of the house, the travel, having fun, etc., you may have 500,000 left to bank. That would mean you would have about $25.000 a year in interest at 5% (and that is if you can get 5%). Plus, you would have to have 5 separate accounts with only $100,000 in each account (to be smart) because that is the maximum covered by the FDIC per account for robbery or bank failure. $25,000 a year isn't a 'lavish' life even with your home paid in full. Suggest you may want to re-think your plans for a better outcome.
A KIT Cobra, are you kidding me? Wouldn't you rather have an original Caroll Shelby than a 'Quick output shop fiberglass body'? It would be difficult to get a genuine English Cobra unless you were rich enough, but since you've got the money with the 1mil, forget the 'poor boy' way of thinking and get a Shelby original. I guarantee you would be much more happy with the 'real deal' than a cheap copy built on a new Thunderbird chassis. The real Cobra will handle better than any factory chassis (without tremendous work) you can put the 'fake' Cobra body on, trust me. I have built a lot of cars in the past, and I also know many builders who agree that, "If you've got the money, go with the original. Resale is about double of a kit car, or more (if you should ever want to sell, and I wouldn't know why). Insurance is almost the same on either car, just a bit higher on the original in this case. The Pros will long outweigh the Cons on getting the original over the kit, especially when you have the money to invest in the 'real deal'.
I wouldn't want to spend half a mil on an original, the kit ones look the same have a modern chassis and the good ones are not built on a Tbird one, up to date suspension, and brakes and for every day driving fun I'd take the kit one any day and still have $950,000 left over.
First, I would pay off every penny that my grandmother owes, and make sure she has anything she needs and then some. Then, buy myself a small home in the country, pay off my student loans, and live happily ever after :)
10% to other various charities.
Pay off my house & other bills.
Pay for my pastor's kids' college.
Save the rest.
>Give counterfeit money to someone else
>Sit back and watch as they ruin their own life
With the other 500,000 - I'd give money to charity, to my family and friends, I'd buy a big house and garden and go on a few vacations...
I'm simple.
Always bet on black.