What dog is 1 million dollars

Robux to USD Calculator and DevEx Calculator

Robux to USD conversion calculator to find the value of Robux to USD and USD to Robux based on the DevEx, normal or custom exchange rates.

Robux to USD Conversion Calculator

Simply input the Robux or USD amount, and the calculator will instantly provide you with the equivalent value in USD or Robux.

Utilize the Robux to USD or USD to Robux conversion calculator with the following options and guide:

• Robux: Input your Robux amount.
• USD: Input your USD amount.
• Exchange rate: Customize as needed or use default values 0.0035 (DevEx), 0.0125 (Normal).
• Result: Instantly view the converted value.

Table of Contents

How to Use the Robux to USD Calculator: A Step-by-Step Guide

To determine the Robux to USD, follow these easy steps:

1. Enter the number of Robux in the designated Robux input field.
2. Adjust the Exchange rate if needed.
3. The calculator will then promptly show you the converted Robux value in US dollars.

To determine the USD to Robux, follow these easy steps:

1. Enter the number of USD in the designated USD input field.
2. Adjust the Exchange rate if needed.
3. The calculator will then promptly show you the converted USD value in Robux.

Conversion Formula

Robux to USD:

{Robux} x {Exchange Rate} = Robux USD Value (Rounded to 2 decimal places)

To determine the dollar value of a given amount of Robux, the calculator multiplies the user-provided Robux value by the selected exchange rate value and then rounds the result to two decimal places.

For example,

• Robux: 50
• Exchnage Rate: 0.0125
• Calculation: 50 x 0.0125 = 0.625
• Rounded answer: 0.625 rounded to 2 decimal places = 0.63

USD to Robux:

{USD} / {Exchange Rate} = Robux Value (Rounded to 2 decimal places)

To determine the robux value of a given USD, the calculator divide the user-provided USD value by the selected exchange rate value and then rounds the result to two decimal places.

For example,

• USD: $35
• Exchnage Rate: 0.0125
• Calculation: 35 / 0.0125 = 2800
• Rounded answer: 2800 rounded to 2 decimal places= 2800.00

Features

• Ease of use: Simply enter the amount of Robux or USD and select an exchange rate to convert RBX to USD or USD to Robux.
• Dynamic exchange rate: You can choose the default exchange rate value or enter your own custom exchange rate.
• Automatic result: The calculator will display the conversion result immediately, without the need for a submit button.
• Explanation of process: The result will include the conversion answer and the process by which it was calculated.
• Mobile compatibility: The calculator is responsive and works on desktop, mobile, and tablet.

Accuracy of Calculator

The Robux to USD calculator is a web application created using HTML and JavaScript technologies. It performs a simple multiplication operation on the input values and rounds the result to two decimal places.

We have tested the calculator with a variety of input values and found that it produces expected results as per our knowledge.

We also periodically test the calculator to ensure that it continues to function properly in the event of technology updates or other website changes. This ensures that our users can rely on the calculator to produce accurate results.

Robux Package Prices in USD: A Comprehensive Reference

Refer to this concise table for Robux package prices in USD:

• 40 Robux: $0.49
• 80 Robux: $0.99
• 400 Robux: $4.99
• 800 Robux: $9.99
• 1700 Robux: $19.99
• 4500 Robux: $49.99
• 10000 Robux: $99.99
• 22500 Robux: $199.99

Note: The actual USD value of Robux packages and the Robux to USD calculator may vary due to additional benefits received with package purchases, such as extra Robux.

Understanding the Exchange Rate Dynamics

In the realm of Robux to USD conversion, comprehending the underlying exchange rate dynamics is crucial for users seeking accurate valuations. Heres an overview:

Purchase Price Conversion:

The calculation is based on a Robux purchase price of 0.0125 USD. The calculator uses this exchange rate to determine the USD equivalent of your Robux holdings.

Exclusion of Bonus Robux:

It is important to note that the calculator only considers the purchase price exchange rate and does not account for any bonus Robux earned as a reward in the game.

Users should be aware that the calculated value reflects the base conversion rate without additional in-game rewards.

Current Exchange Rate Benchmark:

As of the latest data, the current exchange rate stands near at $0.0035 for Robux to USD. This real-time benchmark influences the calculators calculations, providing users with up-to-date and accurate conversion results.

Data Source and Analysis:

The information presented is derived from a meticulous analysis of various online resources related to RBX to USD conversion. To delve deeper into the intricacies or verify the current exchange rate, users are encouraged to explore additional web sources for a comprehensive understanding.

FAQs

How much Robux can you get for your Dollars?

How much Robux do I get for $35?

Without a Roblox Premium membership, $35 will get you 2,800 Robux. However, if you have a Roblox Premium membership, you receive a 10% bonus, bringing the total to 3,080 Robux.

Its important to note that the value of Robux can fluctuate over time and may vary with promotions and sales. Additionally, the price of Robux can differ from country to country, as they may use different currencies than the US dollar. For the most up-to-date pricing information, you can always check the official Roblox website.

How to Use a Calculator as Robux to DevEx?

To make this Robux to USD calculator Robux to DevEx calculator, set the exchange rate value DevEx Exchange Rate (0.0035). For more details on DevEx, check out Developer Exchange (DevEx) FAQs.

How much is $1 dollar in Robux?

The exchange rate for Robux is 80 Robux per $1.00, based on the 400 Robux package costing $4.99. To calculate this, divide the number of Robux (400) by the cost in dollars ($4.99). 400 Robux / $4.99 = 80.16 (approximately 80 Robux).

Disclaimer

This Robux to USD calculator is designed for informational purposes and should not be considered as financial advice. The calculated values are based on provided exchange rates and may not reflect real-time market conditions. Additionally, the calculator excludes bonus Robux earned in-game. Users are encouraged to verify the accuracy of the conversion rates through multiple sources, as rates may vary. The creators of this calculator do not guarantee the precision of the results and are not liable for any financial decisions made based on the calculated values. Use this tool responsibly and consult with financial experts for personalized advice.

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Tibetan Mastiff, "Big Splash," sells for $1.5 million, world's most expensive dog

(CBS) - They say you can't buy friendship. But you can buy man's best friend - for a cool $1.5 million.

That's the price a Chinese business tycoon paid for a purebred Red Tibetan Mastiff named Big Splash, now the most expensive dog in the world.

PICTURES: World's Most Outrageously Expensive Dogs

The proud new owner - reportedly a coal baron from northern China - will need plenty of space for his new pet, whose Chinese name is Hong Dong. The 11-month-old is 180-pounds and still growing.

Lu Liang, Big Splash's breeder, called the dog a "perfect specimen" and told the Daily Mail that the seven figure price tag was well worth it.

"We have spent a lot of money raising this dog, and we have the salaries of plenty of staff to pay," he said.

Tibetan Mastiffs have become popular among China's elite in recent years, according to the paper. The newly wealthy are hungry for luxuries, and dogs have supplanted sports cars and jewelry as the newest status symbol.

The title of most expensive dog has been held by Tibetan Mastiffs for years. In 2009, a Chinese woman set the record by spending over $500,000 on a mastiff named Yangzte No. 2. Last year, a mastiff was valued at nearly $1.47 million.

A Tibetan Mastiff Just Sold for Almost $2 Million

On Tuesday, a Tibetan mastiff, thebreed of dog known for its mane-like fur,sold for $1.95 million in China, AFP Bejing reports. That price likely makes this pupthe most expensive dogever sold. Aone-year-old with an orange-brown coat, the mastiffwas on sale at a luxury dog show when it was spotted bya property developer from Qingdao, who has aspirations of breeding mastiffs himself, according totheQianjiang Evening News.

InChina, high prices are actually a plus rather than a deterrent. As the Economist reports, China's market for highly priced goods soared between 2007 and 2011. While some sales took a hit due to a crackdown on bribes (in the past, people could help convince officials to give them special favors by presenting them with an expensive gift), a strong market still exists for bling and exclusivity. The Economist:

It seems that China remains the biggest prize in the luxury industry, but the low-hanging fruit is gone. Luxury firms must now venture beyond the coastal cities where they have made easy fortunes, cultivate new types of customers and market niches, and experiment with new business models. It will be worth the effort.

The luxury pet fair where the $2 mil mastiff was sold, for example, took place not in Shanghai or Hong Kong but inZhejiang Province. Based on past salesat least those the breeders are reportingthe dogs' price tags are only increasing. In light of those escalating prices,Chinese buyers could save six figures by purchasing the dogs in countries like the U.S., where mastiffssell for $2,200 to $7,000. But getting a good deal on one of those furry companions, it seems, is not the point.

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What to Do With a Million Dollars? An Experts 9-Step Plan to Master Your Wealth

What to do with a million dollars? Does that question still fill you with grandiose visions of gold, cash, and private jets like it did when you were a kid? I remember that was a common question to ask your friends What would you do with one million dollars? and the brainstorming sessions were always LEGENDARY

Fast-forward to today, after cashing out some real estate investments, here I am staring at over 1 million dollars of investment money.

And for better or for worse, I didnt follow through on the crazy goals of what I could do with that amount of money. I mean, if you cant take your entire middle school and put them on a cruise ship like in Breaker High, then what can you do with one million dollars?

Lots of things!

And today, I will tell you not only what you could do with a million dollars, but more importantly, what you should do with 1 million dollars. Personal finance isnt supposed to be complicated. So lets have some fun on the way there too

If you are just on your way up to millionaire land, I recommend learning how to make a million dollars in 5 years! Or just want to dream a little, look at what a million dollars looks like

Today well walk through:

Is one million dollars still a lot of money?

What would you do with a million dollars? The dream was a lie. Having a million dollars just doesnt carry the same weight you thought it did when you were a child.

If I listen to my Grandma talk at Christmas, a million dollars used to mean an insane amount of money. Then again, salaries were only a few thousand dollars and houses were worth like ten thousand.

Could you just retire off that money? Back then, hell yes! But nowadays youd be constantly checking your bank balance and pinching your pennies to make it last.

Remember those good-old-days? I dont either but I know they existed at some point.

Now, humble bungalows in my hometown sell for about $1.3M and teardowns are close to a million. One million dollars would really just buy me a place to live and probably not even a nice one.

Dont get me wrong having a brand new house would be nice but Im not going to quit my job just because I own a fixer-upper.

I would, however, say your life gets WAYY better when you are a millionaire. Can you live off it? Not really, but you can make sure you never have to worry about making rent again. Or even better, you can start paying people to do things you dont enjoy. If that doesnt make you feel like a millionaire, I dont know what will!

Are you still scoffing? Then lets have a look at what would happen you if you were to just sit on the money instead of investing it.

What would you get from the bank with one million dollars?

Lets say you put your $1,000,000 into your banks savings account and sat on it. People like to say they would live on their wealths interest. Lets pretend you dont know any better or maybe your risk tolerance is super, SUPER low.

Could you live off the interest? Nope! In 2020 savings accounts have an interest rate of around 0.6%. If you tried to live on that interest you would have to be living off of $6000/yr. Unlikely!

Even if you gave up on living off the interest and lived off the money itself youd only be able to spend $36,000/yr and still run out of money in 30 years. That double sucks.

So whats a person do to? Invest it, duh. Let me show you the right way to invest your $1,000,000.

Start with THE 5 SUPER efficient investments for one million dollars

Step 1 Pay off BAD debt ($25K)

If you have high-interest rate debt like credit card debt, you need to pay it off pronto. This is personal finance 101 (although not likely not the first thing you think you would do with a million dollars.)

I like to think if you have $1M you have good finance practices. Who knows though, maybe this is an inheritance or lotto prize, and you are coated in debt currently. Pay off the bad stuff before doing any more thinking.

Should you pay off every form of debt you have? Not really, but high-interest debt is horrible.

• Second Mortgages
• Auto Loans
• Credit Cards

If you have any of these, pay them first. The sums shouldnt be a huge amount but it hurts you A LOT because it destroys your credit and you pay about ~20% per year in interest on bad debt.

If you could find a consistent 20% return on your investments, people would kill to discover your secret. Killing off 20% interest is even better than a 20% return investment! You pay no taxes on your gains and its a GUARANTEED returns. Nice!

Thats an easy one! Whats next?

Step 2 Make a Plan and Chill ($0)

I dont know how you came upon your $1M but if you are stoked about joining the millionaire club, inexperienced with money, or dreaming about all the things you can buy STOP! You need to protect your money from yourself more than anything.

What is likely the best idea would be to lock it away for 6-months until you can properly calm down and think about your future. Through friends, I have seen inheritances disappear and even worse destroy families. The best way to start is to lock it up.

Walk to your bank and ask for a 6-month CD for your money, its basically a savings account that you cant withdraw from for 6-months. The payout isnt amazing but thats ok. Its not what we are doing this for.

Now with the time youve created you have to do something incredibly important.

Make a plan.

Part of any good plan is measurable results. That means starting to track your finances. There are different ways to do this, but whats important is that you track where your money goes and how well you are moving towards your long term goals.

I like graphs. If you have a nice graph, that might make all the difference between using your money for a great life vs one great year.

Step 3 Fill up your tax-free accounts & Employer matches ($40K)

So this is likely the least sexy step of the whole event. Its no real estate investment or fancy deal.

Just fill up your tax-free investment contribution room and your employer 401K match if you have one. Is it exciting? No, its related to taxes. Blech. But its VERY efficient so its a great idea to do!

Let me show you some quick numbers:

• Employer matches are often 50% top-up on 5% of your salary.
  • Whatever the amount is, you just made a 50% return year one. AMAZING!! Look at you Mr. SavvyFinance!
• Tax contribution room is typical $19.5K/yr.

Yeah, I know taxes and tax-sheltered accounts sound complicated but investing is very easy and the exact type of account is less important than just using something.

If you want to read a dry article from someone else about the best tax-sheltered accounts. This is a good one!

A quick tip: I marked this as a $40K investment but you can only contribute $19.5K! Make next years contribution on Jan 1 next year to really max out your benefits, and look at that. You have 2 years of contributions covered!

Step 4 Invest in Learning ($10K)

You hopefully have an income right now. I say hopefully because like we discussed, youll have to keep working.

Know what you dont have to do though? Work the same drag of a job youve always had. For most people, they get their first job and plot a career up the ladder in that random field, never questioning if its what they really want.

Not you though!

You have a million dollars, you now have the power to start having some powerful impact on your happiness. You have enough money that you can make it work for you, instead of the other way around.

The easy way to change your lifes direction is to learn something that can change your career. If you have a job you can start by taking a course and becoming a highly paid specialist in your field.

A recent example of this: One of my employees wanted to become a technical specialist, which was a logical extension of his job. He took 2 courses from Udemy and read a textbook (using his money!) before he asked me to support his growth in that direction.

I sent him to a conference and before too long gave him a 10% raise. Even better, he gets to focus on the part of his job that he liked the most. Win-win for everyone!

Udemy courses are a cheap way to figure out if you enjoy a topic. Plus you learn a lot on the way!

If your job on the other hand is already awesome there are some great things to learn on the side that can take your life from great to uber-fantastic.

I owe where I am today to my real estate investments and would hands down recommend everyone gives it some thought. But I wouldnt take it lightly.

Houses are expensive though, and making a mistake is painful so I recommend learning about it before taking the plunge.

Course Recommendation: Because of this I searched high and low for the best rental real estate course to recommend. Then negotiated an insane discount for my readers! Check out my review here!

Or you have the itch to fly solo and start your own company?

Thats actually the most profitable thing ever! If you can make it work out so by all means, use this opportunity to launch your entrepreneurial life with a course.

Starting a company is HARD so spending a bit on a course can let you skip years of effort. (Im currently test-driving some so stay tuned!)

Step 5 Take advantage of your amazing credit ($0)

People dont talk up the advantages of amazing credit very often. Is it an investment? Not in the normal way of thinking about it, but once you have put the money into paying off your bad debt and have cash around, your credit is suddenly amazing.

You can use that to get better credit cards which will earn you more money with higher rewards or cash back and you can get better loans from banks for your mortgage or student debt.

Ah, the perks of being rich.

A Real Example: My wife has bad credit (mainly because she has zero income). She cant get a good rewards credit card. She had a card that averaged 0.5% cash back.

I have stellar credit, and get about 2% cash back from my card. We spend $2000/mo on credit, so blamo, I get $40 a month just for having good credit, and my wife uses my card. Does it count as an investment? My wife tells me it does.

Even better, if you have student debt, you can refinance it to an amazing rate if you have great credit. AND companies will even give you huge wads of bonus cash to sign up with them!

Student Loan Refinance Recommendation: I like CommonBond because they have the best rates, give you up to $550 of cash on signup, have unlimited-no-fee-prepayment privileges, and are also VERY charitable! They almost make student loans nice.

Step 6 Emergency Funds ($25K)

This is quick.

Obviously, the best thing you can do with your money is to INVEST IT. And well get to that. But you cant go all-in with being an investor if you fear ending up on the street.

The solution? Have an emergency fund or safely invested money. Mine is in bonds, but it doesnt really matter as long as its safe.

How much? I recommend 6-months of living expenses if you have a job and 18-months of expenses if you have checked out of the working world like I have. Then youll really have nothing holding you back.

Creating some passive income cash flow

Step 7 Put some serious money into stocks ($500K)

When everyone thinks of investing they think of investing in the stock market. There are good reasons for that but for me, the biggest pro to investing in the market is that it can be very easy, takes minimal brain power to administer and still gets you amazing returns.

You can:

• Hand over your lump of cash to some fancy mutual funds (wholl take a cut and do a meh job)
• You can dedicate your life to becoming a stock market expert (which may or may not work out but will definitely stress you out)
• Or you could invest your million in something simple like index funds (my investing for beginners guide will have you all set up with automated index funds in 15 minutes).

As weve discussed other times, index funds arent sexy but they work really well. Best of all, they are incredibly simple. Hell, I might be a finance expert, but my investments are so simple that they automatically allocate themselves.

How much income can this really make for you? So with some very simple calculations, your $500,000 should be able to give you $20,000/y for the rest of your life. Thats based on the 4% rule which is basically a conservative how much money will I get if I retire on $X rule of thumb.

Is $20,000 enough to live off of? According to the Department of Labour, no, but it would certainly cover much of your living expenses. I wouldnt even recommend you try to live on $20,000 per year, because its less fun than having more money.

If index funds are so simple what does matter? It matters that you take control of it yourself. A financial advisor will charge around 2%/yr to mind your money, thats 1/2 of your returns!

Even worse, they might upsell you to an investment that gives them a secret profit share (it happens). Automated robo-advisors will charge you 0.25%, are probably better, and wont be nefarious.

So why are we not investing our whole million dollars in index funds? We could. But skipping out on steps 1-6 could hurt you, and youd be missing out on some other great investments.

Step 8 Dont pay off your mortgage ($0)

If you were to ask your parents what to do with your money, Im sure they would wag their finger and say pay off your mortgage! That was the sage advice of their day, but these days its a pretty lazy, fearful, and unimaginative way to use your money.

Not all debt is bad debt. Mortgages are pretty great actually (as Ive described before). You get a huge loan with a pretty low-interest rate. It may not feel low when youre paying thousands of dollars a month, but really it is.

Think about it.

Investing in the S&P 500 gives you about 10% return. (And an index fund would more or less match the S&P 500.)

Your mortgage is likely around 3%, so by paying it down, youre effectively making 3% on your money.

Would you rather make 3% or 10%?

So paying off your mortgage isnt great. Its not bad, but its not great either. I recommend it for certain people those that have plenty of money and just want to de-risk life with an easy investment but that represents the minority of people.

So whats a better idea than paying off your mortgage?

Step 9 Real Estate Investing ($400K)

I am a big fan of real estate. Its predictable, automatically inflation-adjusted and it was my main path to early retirement.

I have found that my rental houses net me about 11% return per year (8% cash flow) and my super-mortgaged houses are above 20%/yr. Some months are higher and some are lower which creates some interesting situations but overall I count the number as 11%.

Something I recently learned though. Crowdfunded real estate is hands-off and returns more than I do on average! You can get 17.3%/yr back on an AVERAGE crowdfunded return.

Mortgages are also money magic so if you directly invest you could transform $400,000 into around 1.5 million dollars of housing assuming around a 20% downpayment and some money for fees, repairs and breathing room.

That would get you quite a few nice houses in nice neighborhoods. Or you could buy a few cheaper ones in cash. Either way, even if you only bring in 8% cash flow per year youll be pulling in $32,000/yr in cash just from your houses.

Managing a bunch of houses is certainly more of a headache than index funds, Ill admit, and its not for everyone.

Seriously though, there are so many ways to get into real estate investing that youd be crazy not at least check it out. Start with:Crowd Funded Real Estate Its so easy and the returns are nuts at 17%/yr avg!Farmland Investing Its super safe, hands-off and a 12%/yr return. Wow!

If talking to people isnt your jam (like a tenant calling you about a backed-up toilet while you are having dinner, or your manager calling to say your tenant lost their job), maybe crowdfunded real estate is right for you. Its incredibly easy and removes 99% of the headaches.

What not to do with one million dollars? Buy Stuff!

Okay, so some of you know about my financial goals lightning rod dream of sailing the Caribbean with my family. So maybe this is a little self-indulgent. But on your way up to a near-job-free life, you could jump ship and start living like a normal person. You know Spending your money on outrageously cool stuff.

Youll have a lot of money and stuff is pretty cool.

What would you do with a million dollars Mr FireEscape? If I wanted to burn the money I would buy a big boat so I could throw parties like they did on Wolf of Wall Street, and also ride around on weekends with my family. Its like going for a hike but more luxurious.

One million dollars could buy you a pretty nice boat too. I did a little research and found that I could even get a new spiffy Trimaran. Thats one hell of a boat that could hold some epic parties.

I would LOOOOVE to own that boat.

I will never end up buying it though. Why? I know what Id be losing.

How does it stack up against our other one-million-dollar spending plan? We know that we are just spending the money outright, so I wouldnt expect a great return on investment, but lets compare the numbers just for fun:

• You wont be making money off of your stock or real estate investments so treat it as a loss of $52,000/yr.
• Your boat will be another thing to maintain and they are notorious for being expensive so thats about another $18,000 a year of expenses.
• You have a great party location so maybe you can save some money. Lets call it positive $100 a week for 50 weeks a year (if you even live somewhere the weather cooperates).
• All in all, spending that money is a loss of about $65,000 per year.

This boat is epic, but its not epic life-friendly.

This isnt a knock on boats. I love boats but I would prefer to have the time to choose to go sailing than working most of the week and have a pretty party vessel awaiting my arrival.

So what have we learned?

Having one million dollars is nice but you have to stay smart with your money and keep working for a while because it isnt quite enough to cover everything in the average life, long term. If you follow our plan though you can be pretty close to living like a millionaire though!

The department of labor says that the average family spends about $60,000 per year, so having $32,000/yr from real estate investments and $20,000/yr coming from stocks gets you pretty close to not even needing a job anymore. You just need to keep up your job for a bit to make sure you wont eventually land back on hard times.

If you use your million dollars properly you can have a better job, tons of easy side income, an emergency buffer, and little debt!

Does that sound like a millionaire lifestyle to you?

FAQ What to do with a million dollars

Can you live off 1 million dollars?

Not easily. According to the department of labor an average family spends $60,000 per year. A savings account will yield 0.6% which is only $6,000 per year. Stock market investments would only yield $40,000 according to the 4% rule. One million dollars of rental properties could yield $80,000 but it would be unwise to be 100% invested in real estate. So even once someone has one million dollars they should keep working.

You can however, dramatically improve your life through strong finances, educating yourself to a better job and outsourcing work you dislike with your new income.

How much interest does 1 million dollars earn per year?

In 2020 savings accounts and CDs only yield around 0.6%. So the interest provided by a $1,000,000 account is only $6000/yr. Investment grade bonds would yield significantly more money at 2.8% or $28,000/yr but those still pale in comparison to the historical average of 10% returns from stock market investments.

What would you do if you had 1 million dollars?

If I had one million dollars suddenly appear in my bank account, I would invest it mostly in real estate then use the future cashflow to improve my quality of life. Hiring cleaners, landscapers, and assistants since Ive already covered the SUPER efficient investments.

It would be tempting to spend it on a nice boat or car but I know I would prefer to spend an extra few thousand dollars a month instead of having one large expensive item.

What can I do with 1 million dollars of cash?

With 1 million dollars cash you can buy almost anything outright. Houses, cars and even boats. You can buy a brand new catamaran and sail the whole world in comfort. A more interesting use of your money though would be to invest your money to improve your daily life as much as possible long term.If you invest your one million dollars you can have many thousands of dollars of cashflow per month for the rest of your life. Then you can use that money to make your life better. Once you have that much cashflow, bills are easy to pay, better credit cards become available and you end up getting better rates on loans which further improves your life.

Are you a millionaire if you have 1 million dollars?

One million dollars isnt what it used to be, thats for sure. You cant retire and you cant live like someone in a music video. Living that lifestyle would require some multi-millionaire level of wealth.

You do have enough money to radically improve your standard of living and live a much richer life. Once you have 1 million dollars saved up you have more money in savings than 92% of adults in the USA and you can easily have a few thousand dollars of extra passive income per month to use to improve your life.

What should I do with 1 million dollars?

If you suddenly find yourself with 1 million dollars in your bank account you should:1 Pay off bad debt Saving on interest, reducing stress and improving your credit.2 Make a plan If you dont allocate it all out somewhere intelligent, you will spend it frivolesouly.3 Fill up your tax sheltered accounts and employer matches Its free money4 Educate yourself to improve your work life or move into a career you prefer5 Use your new credit Now that you have money and no bad debt you have great credit. Refinance your loans and get some amazing credit cards.6 Make an emergency fund This will reduce your stress level for your whole life.7 Invest in the stock market Invest 1/2 of the money in the stock market via index funds. This should yield around $20,000 of income for life and be possible to liquidate if its ever needed.8 Dont pay off your mortgage Mortgage interest is too low to focus on. Improve your income first.9 Invest in real estate Rentals yield lifelong income and a higher payout than stock investments. Having a portfolio of rentals ensures you will have a strong side income for life.

Are you rich if you have 1 million dollars?

The level that people consider you to rich keeps moving around. Even different age groups tend to think different amounts of wealth constitute as rich.However, once you have one million dollars you have more money than 92% of adults in the USA and can invest that money to live a much richer life no-matter what anyone thinks is rich. If you invest $1M you can have an extra $40,000 of income every year.You can use that money to hire pool cleaners and dog walkers or whatever else makes you feel rich. Then it doesnt matter what other people think.

TL;DR What to do with a million dollars

• We learned that having one million dollars doesnt exactly mean what it used to.
• You cant just live off a stockpile of money, you have to do something with it and keep working.
• You should do some smart things like paying bad debt, making plans, improving your job, using your new amazing credit
• Invest a bunch in the stock market, and some rentals for long-term gains.

So thats my take on what to do with one million dollars. What would you do with a million dollars? Leave me a comment.

You likely read a lot about money. But did you know you probably missed the real first step to taking control of your finances?

Everyone should start by making assessing thier finances easy and the easiest way to do that is with

(it's free!). It automatically:

You could not sign up but then everytime you want to think about money, you need to log into ALL your accounts, mentally tally it up, maybe even write it down. THEN you can start thinking.I'm not a lazy person, but when something is harder I do it less. Make your finances easier so you can spend your mental energy in the right places. It's well worth the few minute signup!

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because it's awesome.

. Real estate investing has made more millionaires than any other investment over history and it can be EASY.

has been returning 17.3%/yr over 9 years and I have fallen in love. Even better, it's free to signup to see what deals are available!

. Everyone should invest in index funds. Everyone should also have an automated investment platform to keep your life simple. I tested them all to find the free

to be king.