Answer:
Personally, if I had a that kind of money in todays eco, I would do the following. I would first buy myself a good car, which I know sounds unreasonable but I think of this as a way of showing am worth a million bucks. Becoming a millionaire is a strategic process that needs a concrete plan in terms of investments and risks that one would have to take. There is nothing as bad as having a lot of money and then having none in the future. Therefore, having that car might not be a good investment decision but the car will always be a reminder that I should work hard to maintain that status.
Secondly, I would put some money to take me through college. I will ensure that I have the best resources that will make me excel in college because that is the most important step in becoming a rational thinker. In the future, I will need to make good investment decisions and a college education will help me do that. Therefore, even if I use the whole amount of study, it would be worth it. However, a million dollars are too much for college. I will have more than enough for my college education.
Thirdly, I would buy a house. This will save me a lot in terms of mortgage payments in the future and therefore, I would put that money into better use. Most people wish to own a house but they cannot afford it. Therefore, having a million dollars will provide various opportunities like getting a house and fulfilling other wants. I will furnish that house with the best quality of furniture. This is important to me because my home would be the place where I would be heading to after long hours of work.
After all, the major reason why people work so hard in life is so that they can own a good home, take care of their family, and live a better life. Thus, having a million dollars would enable me to get all that and the interesting thing is that I would not have worked hard for it. That is not to say that I am lazy. This is just to mean that no one would grab the opportunity if it presents itself.
Lastly, I will put the rest of that money in a fixed deposit account so that I will be able to use it in the future to start a business and make more millions of dollars. The good thing is that it will earn interest and that would come in handy too.
Step-by-step explanation: