Now I’m going
to have that song stuck in my head all day.
Ah, to have a
million dollars. I used to always say
that I never really wanted to win or inherit a big sum of money like that because
I am always afraid that somebody will try to kidnap my kids or hold me hostage
for ransom money, but now that I’m beyond ready to quit my job, I wouldn’t turn
it down! Ha!
If I suddenly
came into $1 million smackeroos, here is how I would use it… and keep in mind,
this is assuming that taxes have already been paid. Otherwise, we would have to call this post If I Had $600,000. Hehe.
Quit My Job
I bet you
guys didn’t know this was coming. ;o) And yes, I’m aware that $1 million is not
that much and that it wouldn’t last very long in the scheme of things, especially after I buy all of the things
that I’m going to discuss below.
However, I figure it would be enough money to allow me to quit my
current job for a few years, and that those years would hopefully allow me the
time to focus on growing my blog and learning how to make an income working for
myself.
I’ve wanted
to do that all along, but working full-time, raising two children, making time
for B, and tending to all of the other duties that come along with being a
wife/mom/employee do not allow me enough time to really pursue it. Shoot, all of my extra time right now is
consumed by creating content (and half the time I struggle with making time for
that) so I have zero time right now to focus on growth strategies, affiliate marketing,
social media, and all of the other tons of things that go along with blogging
for a living.
Give Back - $100K
After happily
submitting my two weeks’ notice, I would set aside about $100K to give to
others.
First up
would be our church and school family.
They have done so much for us over the years and we are so thankful to
be a part of that community. It would be
wonderful to be able to donate a large sum of money to help out with their
current expansion.
There are
also several family members who could use some extra dough right now, and I
would love nothing more than to write them each a big fat check!
Splurge a Little - $1K
Remember all
of those adorable tops that I posted about yesterday? Yep, I’d go ahead and allow myself a little
shopping spree. Nothing too crazy, but I
would definitely pick up a few new pieces for my closet. Yes, I love fashion. Yes, I love clothes. And yes, I know I don’t need them.
I’d also love
to get a few new things for B and the kiddos since fall is coming!
New Vehicle - $40K
My SUV is a
2011 model and it was purchased before dashboard screens, back-up cams, and Bluetooth
were all the rage. Brian’s SUV has all of
those fancy things now and I’m always incredible jealous every time I get back
in my basic SUV after riding around with him all weekend, so I would definitely
get something new that included all of that.
And I really don’t
want anything fancy or flashy like a Mercedes or BMW or anything like that…
just a Honda Pilot or a Toyota 4-Runner would fit the bill! I would definitely go for all the bells and
whistles, though! ;o)
Custom Built Home - $400K
We built our
house back in 2009 and I still love it, but we’ve lived in it long enough to
know that there are a few things that we wish we had done differently. If we had the money I would love to build
again, but this time I would love to build a completely custom home and I would
also love to be in a neighborhood where the lots were a little further apart…
and with lots of trees. I have no desire
to live on a gigantic piece of land in the middle of nowhere and I love being
in a neighborhood setting, but having a little more privacy would be ideal.
For our
current house we worked with a builder who already had set floor plans to
choose from, and then we were able to customize some of the details. The next house I build will be custom from
the ground up. I love the size of our
house, but I would like for the kids’ bedrooms, our main living room, and our
laundry room to be a bit bigger as all are pretty small. I would also love to add a mudroom and one
more large closet for storage. Hello,
old high chair that we don’t know where to put!!
New Things for the New House - $9K
I love all of
our furniture so I wouldn’t want to replace any of it, but I’m sure there would
be a few things we would need for a new house, especially if it was
bigger.
Swimming Pool - $30K
I’ve always
wanted one in the back yard, and since I wouldn’t be working anymore I would
actually have time to use it and actually get our money’s worth!
Vegas, Baby! NYC, Baby!
Other Travel, Baby! - $20K
B and I have
been dying to go back to Vegas as we haven’t been in quite some time, so I
think a vacation (or vacations) would be in order. I would also love to visit NYC again and then
also head somewhere we have never been… San Francisco, maybe? Wine country?
The possibilities are endless.
Savings/Invest - $400K
The rest
would be turned over to B for saving and investing in whichever way he saw
fit. He is the financial guru in our
house, so I trust him completely to make good money decisions. I’m sure some of it would go into college/wedding
funds for the kids, some into general savings, and then I’m sure B would have a
ball investing some as well.
Well, sounds
like I’ve got it all figured out!!
10% for
giving back
50% for
spending
40% for
saving and investing
That sounds
like a pretty good balance to me!
Now, where’s
my money?!
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To link up – just grab our graphic, link up, and let’s get to chatting! Make sure to stop by a few others in the link up for an extra bit of girl chat!
And don’t forget to follow your hosts!
Love all your answers because mine would have been the same. :)
ReplyDeleteHope you have a great day!
You really put thought into it since you have the numbers broken down. Wow! I'd do many of the same things.
ReplyDeleteMy answers are very similar! I want an inground pool sooooooo bad but our climate just doesn't justify getting one (plus they are EXPENSIVE!!) but if I had a million bucks? You bet I would get one!!
ReplyDeleteMakes total sense to me... although I'd have to spend some of our buying some future project cars.... but I think 50,000 would totally cover that. Love the way you broke it all down.
ReplyDeleteYou are just amazing; even your plans for a million dollars are beyond organized! Haha! But this is a solid plan-an in ground pool is totally on my list too! We have thrown around that idea in real life but it just is hard to justify the cost!!
ReplyDeleteHahaha, I spent ALL my money. I would love a pool, too! That would be so nice!
ReplyDeleteOh I would love to have a custom built house!!
ReplyDeleteI love how you broke this down into specific amounts! What a planner, mama! I love it. How could I forget that I would quit my job?!?! Haha that would/should have been first on my list lol. Beautifully Candid
ReplyDeleteI would buy a new home first! That would be the first thing on both my husband and mine's list.
ReplyDeleteI love that you broke your post down into exactly how much money you would spend on each thing! I love our house, so I would probably just make updates and change out the furniture, as I'm not completely in love with it now, actually I love the shape, just not the fabric, so I guess I would just change that out! hehe.
ReplyDeleteThat sounds very similar to what I would do. I wrote mine as if taxes were already taken out too!
ReplyDeleteI love how you figured out exactly what you'd be spending on what things!
ReplyDeleteHaha, yes to the song! I was singing it as I wrote it. And, I totally would be doing more house repair now that I think of it. I don't want to leave our lot, ha, so I would just do a major (I'm sure ridiculously expensive home addition).
ReplyDeleteThis is so fun! I agree with you about the house. Our home is actually a house that someone else custom built for themselves, and then they decided to not move in (yikes!). I love it, but I do wish it were on more land and I'd change the lay out a bit!
ReplyDeleteOh my goodness, what a strange situation!! I wonder what happened with that??
DeleteWow, I don't even know where I'd start. Your approach is so fun and responsible! I'd love to one day build a custom home too - that would be amazing but slightly overwhelming. Mo money, mo problems, right? BTW, you are doing AMAZING at growing your blog with the time you have!
ReplyDeleteHaha. Yes, SO true. That's another reason why I always said that I didn't want to win a bunch of money. You always hear about people going crazy and then bankrupt. Haha. And thank you SO much. That is such a wonderful compliment and it really means a lot to me that you think that!
DeleteGood job on dividing that money up! Does Georgia have a college fund program like Texas where you can pay to lock in today's rates for your kids that aren't going to college for another 10+ years? We used a lot of the money from Robert's grandma for that, and it is going to come in so handy down the line. (I want cute shoes and a new purse though, too!)
ReplyDeleteI totally hear you on being nervous someone would want to steal the money or your family from you! I love the idea of saving, splurging and giving back! I definitely would love to build our dream home! I think it would be beneficial to live someplace first like you said because then you know exactly what you want and don't want!
ReplyDelete