BNL back in the day....
This was a fun assignment in the Planner. Each person in the family has an opportunity to create a list of what they would do if they had a million dollars. There’s obviously more to this assignment, but we’ll take it one piece at a time. I created my list, and I asked Gavin and Elias to create lists as well. Maddie is exempt…
- Buy us a new home, nothing too fancy.
- Buy a newer car.
- Pay off all of our debt.
- Help out family members and friends who need it.
- Donate to charities.
- Set up an investment plan, including 401k.
- Finish school and go for my Bachelors, and maybe a Masters.
- Take a nice long vacation, maybe do some travelling.
- Pay off medical bills and all other debt we owe.
- Get Elias into the school that specializes in working with autistic children. (This is a really good one and I wish I’d thought of it).
- Buy a home (about 300K).
- Place enough money in the bank for the kid’s college (about 60K).
- Send Amee back to school so she can get the degree she wants.
- Buy new vehicles outright.
- Place a good amount of money (about 300K) in the bank for our retirement.
- Donate to a charity like Child’s Play (or another children’s charity).
- Host a thank you party for family and friends to thank them for all the past help.
- Buy new PCs for the home.
- Invest the rest into accounts to protect it, while still having dividends to use as we may need them.
Something interesting I observed about both of our lists: Neither of us said that we would stop working. We would use the money as a buffer, but we still plan to earn our keep.
- Buy a house that I don’t have to keep paying bills on.
- Buy myself some new clothes.
- Buy a car like the one we have now.
- Buy an indoor movie theater.
- Buy my own Xbox 360 with Halo and Fable.
- Buy a desktop PC.
- Buy a widescreen TV.
- Donate to the army.
- Donate to some hospitals.
Spoken like a true 11-year-old boy, I guess. Looks like we’ll need to keep working on that whole “materialism” thing with him. The last two came only after I prompted him with “Is there anything else you would do with it that doesn’t involve buying things?” I’m not entirely sure what he means by “donate to the army,” but I didn’t press for details.
Coming up next – a discussion about values.
What would you do with a million dollars?