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  • Writer's pictureMarc Primo

What to do with a million dollars

The following is an article “What to do with a million dollars” by Marc Primo.

As kids, and greedy little humans, we all had this conversation at one point or another. What would you do with a million dollars? Probably multiple times with friends and relatives. We fantasize about winning the lottery or going or becoming a movie star and making it big. As we grow, we realize that winning the lottery is probably not going to happen and the acting career is not the safest bet, but earning a million dollar or more is not really out of the question. So it is in our best interest to know what to do if or when we achieve this universally sought-after goal.

Don’t underestimate a million dollars. It’s enough to retire on, assuming you live a humble lifestyle. Even though it is very tempting to write up a top 10 frivolous ways to spend a million bucks, this is not that kind of blog. On this post, I will outline a few tips to consider how to deal with a large sum seriously.

The soundest first advice any sane person should follow:

Do Nothing.

Really. Just keep it. Why would it be a bad thing to have a million dollars in the bank? Sure if you are smart, you can multiply it and grow your capital, but part of being smart is waiting for the right investment patiently. Many fortunes have been lost due to impatience and rash decisions.

After you have given yourself enough time and research and assuming you have already paid off any consumer debt, then here are some options to ponder.

Peer-to-peer (P2P) Lending

Peer-to-peer (P2P) lending has been gaining popularity. It is a procedure of debt funding that allows people to borrow and lend cash without the intervention of a formal financial institution. P2P Lending eliminates the middleman, but it does require you to work a bit more. There are sites like that remove the hassle and make it a painless experience with many options.

Real Estate

A different way to invest one million dollars is to acquire real estate. You can choose to reward yourself with a vacation home or go for investment properties to get a return on your money. Either way, your money is safer in real estate. If you invest in the right properties, it’s possible to yield a good and stable return.

The Market

According to David Rae, a Certified Financial Planner™ and Accredited Investment Fiduciary®, the most significant stock market risk out there is not investing. The earlier you start, the heavier lifting will be taken off your shoulders by compounding interest. You can find sound investing advise on his site


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