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Spending a million dollars wisely is probably just as difficult or easy as creating it. Most conservative people would look for an investment that would produce more income, and you could spend less at once, but much more over a period of time.

Charitable contributions are another way to benefit from spending, as they will usually reduce your taxes while doing good in the community.

It would be easy to spend profligately on such things as personal advertising, furniture, clothing, cars, and home rental. Few of these would qualify as an investment. There are also expensive hobbies such as deepsea treasure hunting and exploratory expeditions. Aircraft fees and boat costs can easily eat a million dollars in a very short period of time.

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14y ago

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