I'm happy for those who said green - because 1 mil wouldnt be too life changing for you...
I would go for RED for sure. In many places in the world you could actually survive without having to work ever again with 1 mil... with the right investments and living simply.
For the record, average cost of a 3 bed room home in in many areas including my own on the low end is 150K - 200K. That 1 million after our U.S. government gets done with it would be more around the 600K mark. Subtract purchasing a home for your family and you're looking at 350K - 400K left. In other words for those who would play it safe and not make any risky investments, that wouldn't be much to retire on. I'm 31 would certainly not be set for life, unless I'm dieing next year. So yes I would go big, simply because I can stomach losing 350K - 400K, and as my wife said we don't have it anyway. We both work hard, and are happy with out living situation. If we win we win. If not O well. Not to mention I would easily want to give a large chunk to my parents and my wifes parents. On that amount giving them each 50K (100K total for one side - 200K total for both) would be the likely option.
Yea I'm living the comfortable life now. Sounds like I'm getting what me and my wife already make with our combined incomes.
I'm not sure what your comment was suppose to mean, but I doubt it was meant in good heart, as it really wasn't needed. And as someone else referred to the choice of picking green as stupid.
Sorry we voted the way we did. Next time I'll try to please you instead of living my life the way I choose
Edit: In terms of need. We have talked about this countless times as it's fun to do. We each agree on giving parents a large amount. Her brother, my sister, a large amount. And our closes best friends a large amount. Pay of all of their bills first, and then the one lump sum after. Everyone named has sacrificed much for us, and helped us get where we are. Their support is unquestioned. It has little to do with spending money on nice cars and stupid crap. And keep in mind we area now only working with 350K-400K. It would be a nice chunk, but not life changing for us.
It would be nice to have that kind of fund, to dolly out as we see fit. Their are a few things I would like to do to help our association at work as well, which would cost a pretty penny.
edit: Sorry these thoughts aren't clear and concise, but I'm rushing to start getting ready before wife loses it on me. We are suppose to be heading to a wedding rehearsal thing.
edit 2: Please see post number 29. Leaving this one up for thread integrity.