There's an old mental exercise that gets floated around in times of boredom or desperation. It begins with the question: "What would you do with a million Dollars?"
An individual's response to the question is supposed to provide insight into that person's values and priorities.
While I can't tell you what YOU should do with a million Dollars, I can tell you what I'd do with it.
The assumption is that there is a million Dollars of actual working money. Taxes if any are paid, and $1,000,000 is what one has to work with.
1) Pay off any debt. I have none at this point, but if I had any, I'd get rid of it. Part of this would be, if I didn't already have a house and car, buy a house and car outright. This works out to $0 for me... yourmileage may vary.
2) I would create a non-profit corporation whose sole function is to keep my websites on the air. I'd provide it with a starting endowment, which should provide for hosting expenses in perpetuity, provided those costs don't go haywire compared to inflation. This would probably cost around $50,000.
3) I'd do a little math and figure out what it costs for me to live comfortably... come up with an annual budget, and figure out how much I have to invest at what rate to live off the interest and maintain that standard of living, tracking inflation. My best guess right now is that would be somewhere in the range of $500,000 to $750,000, given current inflation and interest rates.
4) I'd take the rest and cut it in half. Each half would be invested in some safe interes-bearing product, and the annual proceeds of these investments would be donated to honorable non-profits. the proceeeds from the first half would be split evenly between NPR and my local NPR member station. The proceeds from the seond half would be split evenly between Software in The Public Interest (the parent organization of the Debian GNU/Linux distribution) and The GNU Project.
There I'm out of money, but I never have to work another day in my life if I don't want to.
What does this say about my priorities? Probably not for me to say, as I'm biased.
What would you do with a million Dollars?