I recently stumbled across Millionaire Mommy Next Door somehow, and her tagline caught my eye. It talked about not having to set an alarm clock in years. I have to admit, that is a nice reason to aim high.

At the end of her article, What You Will Learn From the Millionaire Mommy Next Door, she posed a question about what would I do if I had a million bucks and no debt.

That’s quite a tall order if you ask me. So here is my response, Millionair Mommy Next Door.

Step 1. Take $500,000 and keep it in a managable portifolio because if I generate a 12% annual return per year, I will double it in 7.2 years.

Step 2. Take $250,000 and use it as a down payment on a home by the beach somewhere (Kind of like what you are doing, Mrs. MMND).

Step 3. Take $125,000 and put it in a money market and use the dividends to manage my monthly budget.

Step 4. Take $62,500 and contribute to my charity, Earthwatch, both in the form of being a volunteer (The volunteer contributes to the expidition as an active “helping hand” and as a financial contributor.) and sponsor the organization.

Step 5. Take $31,250 and pay for whatever my parents need (including my future wife’s parent).

Step 6. Take $15,625 and treat my future wife to a nice surprise. She will be annoyed with me for not telling but I gaurantee her that she will love it.

Step 7. Take $7812.50 and go on vacation somewhere new.

Step 8. Take $3906.25 and buy a toy.

Step 9. Take $1953.12 and help pay for any of my extended family college bound student with their supplies.

Step 10. Take $976.56 and help supply the nearest food shelter with food for the holidays.

Step 11. Take $488.28 and a few close friends out to dinner.

Step 12. Take $244.14 and buy some DVDs.

Step 13. Take $122.07 and buy some shorts.

Step 14. Take $61.03 and fill up the gas in my car.

Step 15. Take $30.52 and pay the bank service charges.

Step 16. Take $15.29 and buy a bottle of wine.

Step 17. Take the bottle of wine above and bury the remaining $15.29 somewhere on the beach just for kicks.

So, Mrs. MMND, thanks for your questions. Readers, be sure to visit her blog and share your thoughts.