Tuesday, September 28, 2010

Game Show Wednesday-Who Wants To Be A Millionaire?


*****Sorry about the missing post last week. You know I had to deal with life and I just didn't get around to writing a post. I'll make it up to you. Post today, tomorrow (national holiday) and Friday.*****

With that out the way, this week's post is Who Wants To Be A Millionaire?

This is how the game works if you've been under a rock and never seen the show. A contestant is asked increasingly difficult general knowledge questions by Regis Feldman. Questions are multiple choice: four possible answers are given (labeled A, B, C and D), and the contestant must choose the correct one. There is no time limit to answer a question; a contestant may (and often does) take as long as they need to answer. By the way I hate when the contestant takes a long time. After the first few questions, the host will ask the contestant if that is their "final answer." Upon making the answer the final answer, it cannot be changed. On the first few questions, some choices often have joke answers. The complete sequence of prizes of the show is as follows:
  • $100
  • $200
  • $300
  • $500
  • $1,000
  • $2,000
  • $4,000
  • $8,000
  • $16,000
  • $32,000
  • $64,000
  • $125,000
  • $250,000
  • $500,000
  • $1,000,000


After viewing a question, the contestant can quit with the money he/she has already won rather than attempting an answer. If the contestant answers a question incorrectly, then they lose all the money they have won, except that the $1,000 and $32,000 prizes are guaranteed: if a player gets a question wrong above these levels, then he drops down only to the previous guaranteed prize. The game ends when the contestant answers a question incorrectly, decides not to answer a question, or answers all questions correctly.


I actually like this show because during the first couple of questions I feel like a genius. Like me taking 5th grade arithmetic right now. Then around the $32,000 questions I start to feel less and less intelligent. I always said that if I went on the show I would stop at $32,000. That's all I need right now. I'm a low risk kind of guy. Why leave with anything less than that? But then I know what would happen if I actually made it on the show. I would think to myself: "Self, think of all the things you could do with a million dollars.

Here's what I would do with a million dollars:

Pay 40% to the IRS (eff Uncle Sam)
Buy my mom a house
Put $100,000 into a Roth IRA
Invest in my future business

What would you do if you won a million dollars? Is a million what it used to be in today's economy? How would winning a large sum of money change your life?

10 comments:

Jubilance said...

Everytime the Powerball or Mega Millions has a huge jackpot, I always think abt what I'd do with all that money. Even just winning a million would be enough for me to do what I need to do...

After paying taxes, I'd pay off all my debts, get myself a house, slide my siblings & parents a little something & then invest the rest.

MelSense Advice said...

I think I'd do about the same, except I might give half to my Parents. They deserve it...

With my half, I'd invest a bunch, buy a small apartment building and lease the apts to ppl to keep a little constant income flowing, and open the art gallery I've been planning and dreaming of for years *sigh*

Jetaime said...

In my opinion, a million dollars is not what it use to be in today's economy.

If I won, I would give Uncle Saw his portion, pay off my student loans and purchase a fourplex. I would also pay off my parents mortgage and travel with the rest of the money.

Streetz said...

A milli? thats easy:

1) pay off all my debt

2) Def get the moms a crib

3) get myself a crib

4) invest invest invest

5) take a trip

6) Make at leas tone n*ggerish purchase

Anonymous said...

Whether or not a Mill isn't what it used to be in this economy, it sure is more than I have in the bank, so I'll take it gladly!!
I don't have any debt, thankfully, school loans are paid off, but I'd give a chunk to my sister, another chunk for my parents, DEF take myself on a really swanky trip, and invest the rest.
#SN: Its so odd to me that I could
prob buy a nice house with that money in the states, but in Nigeria, it prob would just be enough for like, an empty plot of land in a nice part of town. Smh.

And happy birthday :)

Ms. Minx said...

Whether or not a Mill isn't what it used to be in this economy, it sure is more than I have in the bank, so I'll take it gladly!!
I don't have any debt, thankfully, school loans are paid off, but I'd give a chunk to my sister, another chunk for my parents, DEF take myself on a really swanky trip, and invest the rest.
#SN: Its so odd to me that I could
prob buy a nice house with that money in the states, but in Nigeria, it prob would just be enough for like, an empty plot of land in a nice part of town. Smh.

And happy birthday :)

Sukez said...

Great post. But that's the million dollar question you just posed there... What to do? Sheesh...

Crazy and sed to say, Streetz and I think alike... is it fair to copy his answers? =/

I mean, everyone has the same idea. Pay off debts, buy parents house/pay off their mortgage/fix up their house, buy self crib, invest, take a trip BUT

I want to make a damn statement like Mr. Streetz. I'm buying something OUTlandish. I'm not one to make a statement with what I buy. Yeah, I'll buy a new North Face backpack when I have one already on my back, then stuff the old one into the new one and keep it moving til I get home. BUT with whatever is left from a million, after Uncle Sam and everyone else has raped me for some $$, I'm making a reggin purchase. :)

SinfulLyo said...

a million damn sure isn't a million after taxes and no a million isn't what it used to be.

if i won a large sum of money i would pay off my student loans first and foremost.

idk enough about IRAs roth or traditional but i would like my money to sit somewhere and simply collect interest lol.

i think one of the biggest mistakes people make is that they splurge instead of using their money to make them more money. SO i would look into real estate and rent out commercial spaces or maybe an apartment complex.

as far as opening a business the risk of it all scares me but a few months ago i had an in depth convo with my boy about opening a nail salon. i feel like there's a demand for salons that are up to date with the latest techniques & fads...they just generally seem profitable but i don't want to babble!

nice blog!

DCBuppie said...

A MILLION after taxes is still alot.

Me

1. Pay off Debt

2. Purchase a ticket to Ghana

3. Build Beach house in Ghana

4. Invest in Oil and outsourcing to African countries./build a hotel

5. Purchase an upcoming web 2.0 company.

6. chill, write, see the world

Who wants to be a Millionaire said...

Who wants to be a millionaire is truly one of the most famous tv game show that really talks about talent. If you are interested to read more you can read it at http://paidcritique.blogspot.com/2011/06/who-wants-to-be-millionaire.html


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