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1. www.moneysense.ca › save › investingWhat should you do if you win $50 million? - MoneySense

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   Jun 18, 2010 · Investing. By Amber Bellaire on June 18, 2010. Estimated reading time: 2 minutes. What should you do if you win $50 million? Everyone wants to win Lotto Max's multi-million dollar prize. Here's...

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2. www.canadianliving.com › life-and-relationships5 things you should do if you win the lottery | Canadian Living

   www.canadianliving.com › life-and-relationships

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   • Use a high-interest savings account
 While you have a year to claim your winnings, it could still take a while to sort out what to do with that money.
   • Invest in dividend-paying stocks. 
Imagine if that lottery win could last generations. It really can, if you invest wisely. Consider putting your money into dividend-paying businesses.
   • Buy your dream house in cash
 If you win the lottery, there's no way you won't upgrade your living conditions. Don't go crazy, of course -- think twice before buying a $20 million abode -- but if you want to spend a couple million on a new place, then go for it.
   • Set up a donor-advised fund. Rather than simply cutting some cheques to your favourite charities, go to your bank and set up a donor-advised fund. You'll still be able to donate that money to whomever you want, but the financial institution will grow your dough in the markets so that you'll always have cash to give to people in need.

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4. www.cnbc.com › 2019/06/07 › what-financial-expertsWhat financial experts say to do if you win the lottery - CNBC

   www.cnbc.com › 2019/06/07 › what-financial-experts

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   Jun 7, 2019 · The Mega Millions jackpot is now the seventh-largest in the game’s history, worth $530 million. And after Friday night’s drawing, one lucky winner could become an instant multi-millionaire. If...

   • Video Duration: 48 sec

5. www.theglobeandmail.com › investing › personalHere's what you should do with $1,000, $10,000 or a million ...

   www.theglobeandmail.com › investing › personal

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   Feb 17, 2024 · Salmaan Farooqui. Published February 17, 2024 Updated February 20, 2024. Illustration by Graham Roumieu. Comments. Bookmark. We’ve all thought about it: How would landing a bit of unexpected cash...

   • Author: Salmaan Farooqui

6. People also ask

   How to save a million dollars in 5 years?

   • Saving a million dollars in five years requires an aggressive savings plan. Suppose you’re starting from scratch and have no savings. You’d need to invest around $13,000 per month to save a million dollars in five years, assuming a 7% annual rate of return and 3% inflation rate.

   Save A Million Calculator – Forbes Advisor

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   How much money do you need to save a million dollars?

   • Suppose you’re starting from scratch and have no savings. You’d need to invest around $13,000 per month to save a million dollars in five years, assuming a 7% annual rate of return and 3% inflation rate. For a rate of return of 5%, you’d need to save around $14,700 per month.

   Save A Million Calculator – Forbes Advisor

   www.forbes.com/advisor/banking/savings/millionaire-calculator/

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   How much do you need to save to become a millionaire?

   • This calculator shows how much you need to save. Want to retire wealthy? This millionaire financial calculator will show you how much you need to save each month to become a millionaire. For example, you have $10,000 in savings. You're planning to retire with $1,000,000 in 30 years and think you can achieve a 6% return on your money each year.

   How Much to Save to Be a Millionaire Calculator | InvestingAnswers

   investinganswers.com/calculators/saving/million-dollar-savings-calculator-how-much-do-i-need-save-become-millionaire-3677

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   Can I save a million dollars in 20 years?

   • To save a million dollars in 20 years, you’ll need to adjust your monthly savings for a timeline of 20 years from your current age. Your required monthly savings contributions depend on the following factors: Current savings. The more money you can put away now, the less you will need to save each month. Rate of return.

   Save A Million Calculator – Forbes Advisor

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7. moneyzine.com › banking › interest-on-a-50-millionWhat Is the Yearly Interest on 50 Million Dollars?

   moneyzine.com › banking › interest-on-a-50-million

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   Mar 20, 2024 · Derek Sall. Fact Checker: Deepti Nickam. What if you had 50 million dollars? What is the interest on 50 million dollars? Is it just an insane amount of money? Or should it actually be your target for retirement? There are so many questions around the 50 million dollar amount, and we're going to answer as many of them as we can in this post.

   • Occupation: Founder-Life And My Finances

8. www.wealthsimple.com › how-to-invest-a-millionHow to Invest a Million Dollars in Canada 2022 | Wealthsimple

   www.wealthsimple.com › how-to-invest-a-million

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   Nov 9, 2018 · Unless you have aspirations to turn your million into $500,000, avoid any investment that offers too-good-to-be-true returns. Respect your money and it should return the favor. Need some advice on how to invest a million dollars? Book a complimentary call with one of our licensed Portfolio Managers.

9. financialpost.com › personal-finance › familyWoman asks for retirement help in using potential $50-million ...

   financialpost.com › personal-finance › family

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   Sep 13, 2023 · Personal Finance. Family Finance. This retired woman needs to figure out what to do with potential $50 million in savings. Marianna wants some guidance on how to enjoy a comfortable retirement without risking outliving her money. Mary Teresa Bitti. Published Sep 13, 2023 • Last updated Sep 14, 2023 • 5 minute read. Join the conversation.