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  2. Use the $1 Million you have saved to reach your retirement goals. Learn more today. Prepare for a comfortable retirement with "The Definitive Guide to Retirement Income".

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  2. May 8, 2023 · Understanding your financial goals, timeline and risk tolerance are the key elements in deciding how to invest $1 million. It’s essential to work out these straightforward concepts first of all...

    • 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.)
    • Make a Plan and Chill ($0) I don’t 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!
    • Fill up your tax-free accounts & Employer matches ($40K) So this is likely the least sexy step of the whole event. It’s no real estate investment or fancy deal.
    • Invest in Learning ($10K) You hopefully have an income right now. I say hopefully because like we discussed, you’ll have to keep working. Know what you don’t have to do though?
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    • Invest in the stock market. For most people, stocks occupy the largest part of their portfolio since they provide growth. Investing in stocks can also help hedge against inflation.
    • Invest in bonds. If investing in stocks is about providing growth in your portfolio, bonds are mostly about capital preservation. Since they pay the full face value at maturity, you'll at least get back your original investment if you hold until the bond matures.
    • Invest in ETFs. If you're not comfortable choosing individual stocks and bonds, you can invest in exchange-traded funds (ETFs). These are low-cost funds that invest in either stocks or bonds and are often based on popular indexes.
    • Invest with a robo-advisor. If you like the idea of investing in ETFs but don't want to choose and manage the funds in your portfolio, you can sign up with a robo-advisor.
    • Private Lending. The first way to invest one million dollars is through private lending. For example, you could borrow the funds and then turn around and lend them to someone else for more.
    • Rental Income from Real Estate. Another way to invest one million dollars is to purchase real estate investment properties. If you invest in the right real estate markets, it’s possible to yield as much as a 9% return from the cash flow annually.
    • Investing in Business. You could also take that million dollars and invest it in a great business idea. If all goes well, you could double, triple, or even quadruple your investment.
    • Investing in the Stock Market. Putting your money in the stock market has the potential to generate decent returns, especially if you invest wisely. However, the stock market can experience both large and small fluctuations in value.
  3. Jul 19, 2023 · In this guide, we will break down some simple strategies to help average readers understand how to invest 1 million dollars in Canada and navigate the investment landscape with confidence.

  4. Jan 4, 2024 · Here's how to invest $1,000,000 in 2024 to make your money work for you and to achieve your financial goals. Before you invest. Before you start investing, you should answer a few key questions that will form the foundation of your financial plan and investment strategy. What are your financial goals?

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    related to: What to do with 1 million dollars?
  2. Use the $1 Million you have saved to reach your retirement goals. Learn more today. Prepare for a comfortable retirement with "The Definitive Guide to Retirement Income".

    On our list of the top financial advisors - SmartAsset

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