What would you do with a small loan of a million dollars?

[Stalliongrad 982]

I would open a franchise that i KNOW would make money. Find a place to open a McDonalds (because when was the last time you saw a McDonalds go out of business) Or maybe a Starbucks. You only really need about $60k to start a franchise, that covers the real-estate, equipment, permits and licenses and hiring and training staff. Shoot after the first two years you most certainly could pay back the loan and interest and the rest is all profit.

[Guest]

Give all of it to Red Cross.

Edited December 21, 2015 by Guest

[Celestial Sloth 369]

Do so many drugs I forget about having to pay it back. That's a future me problem.

 

Maybe hire some guy to kill the dude who gave it to me/stop Donald Trump before it's too late.

[Gambit 74]

Become a billionaire then eventually run for president.

Very good decision, I would do the same.

[Twiggy 2,966]

I would start a business, grow it successfully, and repay the loan. Then I would invest in The Trump Organization.

[hfiosdhvsdovsdio 86]

Use it to fund the Trump organisation as it was Trump's father who gave it to me!

 

Ok I would  really use it to buy as much as I can and make an excuse not to pay it back.

[Jaxsie (Inactive) 1,343]

Nothing. Being handed one million dollars without a solid plan to gain interest from investment is like asking for ball and chain around your ankle. There's a saying that a slave is borrower to the lender. You would have to work your whole life to pay it off and that does not even guarantee that you'll be able to. Unless you have a solid plan, loans are not something you mess with.

[EpicEnergy 23,218]

I wouldn't loan that much money because I know that I won't be able to pay it all off.

[Fluttershyfan94 5,742]

One million dollars is not that much money to do anything with really. However as an entrepreneur I do see an opportunity for it giving me some return. Though again it isn't that much money so I guess I would do the best with it buy for the 80% of that a large building then turn that property into apartments that I rent out. Should give me just enough to pay back the interests of the loan which I would do until paid of while using the loan for taxes. The remaining 20% of the loan I would simply use to fund my smaller businesses though paying it back would be very easy as honestly it isn't that much money and I'm pretty confident I could pay it back. Though why would I use on a building simple really just because it'll have paid back the loan by itself.

[Lucky Bolt 35,063]

First thing I’d do is finish my truck!  Then I’ll give some of the money to a any close friends and family and then buy my dream chunk of land in a remote rural area and build a house on it and put the rest into savings. 

[I used to be a stranger 7,993]

That depends on the interest rate and period.

[Pentium100 2,123]

I guess I could invest some of it into stocks, but knowing my luck with these things, I'd probably end up with less money than I started with.

If the loan was long-term, then I guess I could buy apartments and rent them out or something like that.

[Thuja 3,659]

How the heck is 1 million dollars a small loan?  Sure, once you get past a certain amount of money, a million doesn't seem like much.  But jeez, that's way too much for me.  Also, if there's no contract with all the information revolving around that loan, I don't think I'd accept it at all.

However, if it was a gift I'd probably accept it.  I'd probably put some of it in stocks, get my driver's license, move to Toronto and go to that school I want to go to.  I'd probably take care of some other stuff that I could never afford otherwise, take my cat to more regular visits to the vet, build a new computer(nothing extravagant just something that'll last a few years without needing to be upgraded).  I could probably live off of 1 million for a while until I find work.  Or maybe buy some land on my reserve and build a house, I would love to have a small business on reserve and have a huge garden, a few chickens and an orchard of a few varying nut/fruit trees.

[ExplosionMare 18,063]

On 12/18/2015 at 11:18 PM, WWolf said:

Invest it in lottery tickets; odds are one of them will return the jackpot of $25 million dollars or more .

Smart man!

[Splashee 28,564]

I get those all the time in my email inbox. It is just a loan, nothing can go wrong?

 

I would never take a loan, no matter how much money!

[The Kaeya Simp 13,988]

1. probably move to Europe (more than likely Netherlands) and buy a small house 
2. put SOME of the money into stocks and some into Silver + Gold

[Technoblade 113]

13 hours ago, Thuja said:

How the heck is 1 million dollars a small loan?

it's a reference to something Donald Trump said lol

 

[Fluttershutter 2,476]

Well how long do I have to pay it back and what's the interest?

I'd probably just put it in the safest possible investments and hopefully make enough for a pretty early retirement.

[TheRockARooster 51,349]

I'll find a way to buy MLP Forums. ^^

[The Historian 516]

I'd pay off my loans, pay off my mom and dad's house, complete my gender transition, buy some super rare PC games then invest the remainder. Whoever gave me the loan? They can kick rocks, lmao.

[King of Canterlot 9,603]

On 12/19/2015 at 12:43 PM, PinkiePie97 said:

Become a billionaire then eventually run for president.

This right here 

SPARKLE SPIKE 2020 for Princess of America! 

[DixonTheAdversary 1,632]

It depends. Do I have to pay it back, since it is a loan after all... If so, I'd reject it, but if not, I'd restore a classic car and put the leftover money into a savings account.

 

Edited July 1, 2020 by DixonTheAdversary

[Twilight-Sparkle17 230]

If I had to pay back the loan, I don't think I'd take the loan as I don't feel as though I could pay it back when I had to.

[HeavenSunset 1,867]

I wouldn't be able to pay it back, so I would give it back immediately

[Envy 6,167]

I would ask for Trump to pay it back for me, since it's such a small amount for him.