I have been watching the Barrett-Jackson Collector Car auction on Speed TV and saw my dream car a 1971 Hemi Cuda all original and in my chosen colour get auctioned off for $300,000. This got me to thinking what would I do if I had a million dollars lying around, would I buy my dream car or what would I do with the money.
Since I am a conservative person by nature I thought “well I should consider my future” so I would invest a portion to ensure my later years were more comfortable. So say $250,000 to investments and RSP’s and those sort of things. Next I would have to share with my brother and his wife so $250,000 seems fair to me to help them out. That leaves me with $500,000 and since I am not gainfully employed I have bills to pay so I would have to take care of them and ensure I have money to live day by day. Put aside $100,000 to cover this and have some money to keep me in the lifestyle I am accustomed to living. You know a giant TV and all the up-to-date toys are required, that just goes without saying. Now we come to traveling which of course I would want a travel fund to allow me to travel over the next few years so another $100,000 is slotted for travel. This leaves me with $300,000 and a huge dilemma, do I blow it all on a single purchase of my dream vehicle or do I do something more practical. My gut feeling when I saw the car on TV was I would buy it but as I have had to time to think and as I have been writing this I think I would pass on the car and get something less expensive and use the extra money to invest again for my future.
Instead of my Cuda maybe…..
BMW K1200LT
and
Porsche 911
and for everyday driving
Honda Pilot…..oh wait I already have this one, Even better one less thing to worry about.
So there is my million dollars.
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