What Would You Do With A Million Dollars?

If something unforeseen happened and you suddenly received an unexpected million dollars, what would you do with it?

Several states are offering money, through a random drawing, for people who have received the COVID vaccine. Ohio, for example, has already given away a prize of a million dollars.

Now, a million dollars is not the amount of money it used to be. Still, for the majority of Americans, a million dollars would be a life-changing amount of money. Plus, the fact that it is not a ridiculous amount of money might make it more challenging to think of various possibilities.


Related: Listen to the Intellectual Roundtable podcast where Michael and Lee discuss the question, ‘How much is enough?’ The discussion comes after a bonus question, ‘How much of our thoughts are our own?’


What would you do with that kind of money?

Perhaps you would spend it. One way is to pay off your mortgage, or even buy another house. You could eliminate any student debt. You might go on a lavish vacation. Or buy a fancy car.

You might decide to save the money (or at least some of it). You could invest in the stock market, start a business, or go back to school.

Alternately, you might donate some or all of it. You could help struggling friends or family members. There are any number of worthy causes that could be assisted.

Do you think you would leave your job? You could switch to another, more fulfilling job if you had some financial cushion. You might even take an early retirement, depending how close you are to retirement age.

Ultimately, knowing what you would do with a sudden windfall may just influence how to spend the money that you do have.  What would you do with a million dollars?

Related questions: What is the purpose of money? Time or money? How do you plan for the future?

How Do You Want This To Change You?

There are many questions that arise due to the pandemic and our efforts to deal with it. One question that I have not seen much of yet: How do you want this to change you?

The Opportunity

While the reasons for it are regrettable (for some heartbreaking), we live in a time of remarkable opportunity. Our normal, daily routine has been completely upended. Moreover, we don’t know when things will change, or what the end state of our world will be.

This means we have a chance to have a larger impact on our own future lives, and the future condition of our entire society right now.

Think back to before self-isolation started, before schools were closed and people started wearing masks. The thought of making changes, on an individual or collective level, was daunting to say the least. Could you imagine not driving everywhere all the time? Could you imagine working from home?

But now we see what kind of change is possible, if we want it enough and agree to make it happen. For instance, massive, structural changes to address climate change is possible. Evictions can be stopped. Paid sick leave, universal health care, and working from home can be done.

Making Change

But in order for those things, or others, to happen, we have to want them and be willing to change our behaviors in order to make them happen. We have to convince our elected leaders we want these things. And if we are told they aren’t possible, we know that’s simply not true, because we have seen them happen when the need is great enough.

All this change has to start at the individual level. How do you want your life to change? Before life goes back to pre-pandemic behavior, spend some time thinking about what it is that is truly important to you. What have you learned about yourself, your community, and larger society?

Related questions: Are there unexpected benefits to what we are going through? How have you changed? How have we changed? Can people change?