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I'm pretty boring, so I would probably just pay of my parents debts, put the rest into a savings account and live off the interest. That seems almost like a waste, I mean what's the point of having all that money and not doing anything with it?
I could do so much with a million dollars. Honestly though I would probably through it all in the bank and use the interest to help me live. Plus when I retired I would have an extra million dollars to keep my happy until I die.