What I would do with P1 million

[health.gal]

Lend it to me. I will grow it a healthy 5% per annum. You can take out your money anytime =P

is this guaranteed?   

as for me, ilalagay ko sa citiseconline 

[bankrun]

when i was still breaking my back to have 1M in my bank account, i had a lot of stuff in my buy list. but when i got my first 1M, i couldnt buy anything. paradox of life.

[siomai]

if i had 1 Million now.. I will use it to pay off my housing loan para makalahati na.

[pretinnes]

10%- church
-pang down sa new car
-treat my family
-the rest sa bak

[this_is_me]

when i was still breaking my back to have 1M in my bank account, i had a lot of stuff in my buy list. but when i got my first 1M, i couldnt buy anything. paradox of life.

agree =)

[Mom_S]

i have many plans before if ever our savings would get to 1M. but now that we had it, parang ayoko na galawin sa bank. and the bad thing is, i aspire for a more bigger savings at the bank... we had earned some closed to 1M before twice but the money was spent on vacations, luxuries, debts & others... now that we're saving up again & hubby is bugging me to spend another US vacation this summer with the kids, nanghihinayang na ako mabawasan savings namin sa bank 

[prisma]

Lend it to me. I will grow it a healthy 5% per annum. You can take out your money anytime =P

Liit lang 5% p.a.  , how bout 20%?

[health.gal]

^korek! agree!

[sylvester_jmc]

Dahil tumataas ang cost of living...ang liit na lang ng value ng 1 million pesos.

Kung magkakaron ako ipambabayad ko sa loan ko sa condo. Pag may natira ilalagay ko sa Time Deposit.

[pinkberries]

80% business
20% travel and shopping

 
 

[larxy]

business

[Myealexis21]

when i was still breaking my back to have 1M in my bank account, i had a lot of stuff in my buy list. but when i got my first 1M, i couldnt buy anything. paradox of life.

totally agree with you.  I don't have that much money yet, but since tumaas ang salary ko mas naging matipid ako and before ako bumili ng anything iniisip ko talaga if it's necessary or not. Most of the time, hindi ang sagot. 

Every week ako pumupunta sa mall pero for grocery and necessities lang and I always stay within the budget, siguro once a month na lang ako bumibili ng "wants" ko, that's right after ng sweldo parang reward ko na sa sarili ko.  No impulse buying, everything is planned kumbaga.

If ever meron man akong 1m I think - (hopefully by end of next year)
- I'd invest it, yung siguradong may kikitain ako.
- or if may bibilhin man ako it would be an investment to my future business plan
- or if the previous 2 is not possible, I'll just leave it at that and dagdagan ang ipon since I am not planning to stop working pa naman.

[SartorialMum]

We'll deposit sa bank and wait for the interest. There are good arrangements sa banks now. Like if you plan not to withdraw on an agreed time then your money can earn as much as twice the standard interest then afterwards once ma-claim the interest then we'll invest it sa business. I never enjoyed 'saving' like this in my entire career. It's very rewarding pala

[sachism]

ako, i would invest it sa pautang business ng mother ko sa province it will earn 50,000 a month

[Tea97]

pang down sa property na gagawing rental. that way puede pang lumaki yun money, and mas motivated to save to cover the monthly amort for the rental property. assuming covered ko na ang emergency fund ko, the balance will either go to a money market account or in stocks.

[smartstarter]

let money work for you and not you working for the money. invest your million and forget about it. after 35 years balikan mo? you'll be shock that its already 60M if you invest it in the right  money vehicle. walang overhead cost. walang tax, walang sakit ng ulo, hindi ka nagpagod. ang ginawa mo lang ay naghintay ka.

[ikaela]

Sachism: Baka pwede mag-invest sa pautang business ng mommy mo haha

[joban99]

pang down sa property na gagawing rental. that way puede pang lumaki yun money, and mas motivated to save to cover the monthly amort for the rental property. assuming covered ko na ang emergency fund ko, the balance will either go to a money market account or in stocks.

Hi Tea97, this is exactly what I did with my 1M. I used it pang down for a house and now Im having the house rented. The rental income helps me pay for my monthly amort as its a bit high. Also as you said, since I have a high monthly amort, my wife and I are motivated to save our money. Hopefully youll be able to do the same, its a good financial move talaga.

[sachism]

Sachism: Baka pwede mag-invest sa pautang business ng mommy mo haha

Hahaha... naku..kung pwede lang sis.. malaki kasi talaga interest sa lending risky din.. pero ang lending nya hindi sa paonti onti.. na nangungutang.. mga isa or dalwa lang na businessmen na malalaking amount.. para yun lang sinsingil nya ng tubo.. so far so good..

[prettyliciousme]

1 million

- downpayment pra sa house and lot
- pay all my debts
- mgiinvest sa business
- ititme deposit yung iba pra mas lumaki