The Porch Light copyright by Revka (2006-2010). All rights reserved.

Thursday, July 26, 2007

If I Had $1 Million (Tag)

Frank of The New Parent tagged me to tell what I would do if I won/had $1 million. Did you know that the average worker will earn more than a million dollars during his lifetime?

US Census (2002) stats on lifetime earnings by degrees (high school, bachelor, masters, PhD)
  • High school $1.2 (million)
  • Some college $1.5
  • Associate $1.6
  • Bachelor’s $2.1
  • Masters $2.5
  • Professional Degree $4.4
  • Doctoral $3.4
Hat Tip: The Online Bachelor Degree

So we actually decide how we will "spend $1 million" every day. That's a rather sobering thought.

Alright, here are the rules for this particular tag.

1st- Tell what you would do "If You Had $1,000,000.00 ... "

This is what I would do if I somehow obtained $1 million in lump sum form.
  • Give a minimum of 10% to our church and 10% to missionaries.
  • Pay off our only remaining debt - our mortgage and car payment.
  • Stick away a substantial amount of money for our girls.
  • Save and invest a large portion.
  • Pay for our extended families to join us for a week's vacation at a beach cottage on the Outer Banks.
  • Allot a small portion for recreational spending - what is the fun of having extra money if you can't spend a little bit? *smile*
2nd - Tag 5 bloggers by linking to their blog.
  1. Sho
  2. Karen
  3. MaryAnne
  4. Cheryl
  5. Linda
3rd - Let the blogger you want to tag know they have been tagged by commenting on their blog.
4th - Add your own blog link to the list below.

What They Would Do With Their $1 Million:
  1. SYH will spend for Family.
  2. Miche will give to the needy.
  3. Montessorimum will keepsake
  4. Healthfreakmommy will keep, invest, spend and give to the needy.
  5. The New Parent would use for education and charity.
  6. The Porch Light: charitable giving, pay off debt, save for self and children, vacation with family, spend a bit.


The New Parent said...

Hi R---thanks for participating. Cottage on the Outer Banks, eh? Sounds nice (smile).

Revka said...

Yes, it would be pure heaven. :>) This tag was fun; thanks!