2. If I had a Million Dollars Project By: Steven Chau

3. If I had a Million Dollars Project Introduction One million Inheritance 1,000,000 Granny Steven Chau I was given assignment to expand my knowledge of financial literacy in life. Granny has given a letter that said that she has passed away unfortunately and how she given me $1,000,000 inheritance, but there were some restrictions in using this abundance of cash, which Mr. Giles will inform me of. These restrictions includes: college tuition and inflation, a house, a family vacation, a reliable vehicle, and a donation to a charitable organization. Until I have met these restrictions, I will been able to spend the rest to my liking. $0 + $1,000,000 = $1,000,000 Money: $1,000,000

4. Donation to Saint Jude’s Children Hospital $50 to $1,000,000 - $50 = $999,950 Money Left: $999,950 Saint Jude’s Children Hospital 50.00 Fifty Donation Steven Chau I needed to make a donation to a charitable organization So, we made a donation of $50 to the charitable organization, Saint Jude’s Children Hospital

5. 2016 Honda Pilot Purchase and Tax Cost: $30,145 Tax: $2411.6 Total Cost: $32,556.6 We need to purchase a reliable vechicle for myself, so that we could go to San Antonio for a vacation by car, and for other future destinations. Car and TaxSteven Chau 32,556.6 Thirty two thousand, five hundred fifty six and six Honda Motor Company $999,950 - $32,556.6 = $967,393.4 Money Left: $967,393.4

6. House Purchase and Tax We needed some shelter to live in for some time, so we bought a house. $967,393.4 – $352,820 = $614,573.4 Money Left: $614,573.4 Realty One Group-Lone Star 352,820 Three hundred fifty two thousand, eight hundred twenty House and Tax Steven Chau House Address: 11010 Hillcroft St, Houston, TX 77096 Cost: $299,000 Tax: $53,820 Total: $352,820

7. College Tuition and Inflation (4 years) We needed to put aside at least $75,000 for four years of college tuition and inflation. The college is Houston Baptist University. Total cost: $165,392 (including tuition and Inflation) $614,573.4 - $165,392 = $449,181.4 Money Left: $449,181.4 Houston Baptist University 165,392 One hundred sixty five thousand, three hundred ninety two College Tuition and Inflation Steven Chau

8. Vacation to San Antonio and Hotel Cost: $1,572 $449.181.4 - $1,572 = $447,609.4 Money Left: $447,609.4 My family of 3 people wanted to go to San Antonio to sit back and relax. They also needed a hotel, so that they stay in San Antonio for some time. Hotel: Omni La Mansion del Rio 1,572 Steven Chau Vacation One thousand, five hundred seventy two Omni La Mansion del Rio

9. Trip to Sky Zone We had not have fun in a while, so we decide to go to Sky Zone for 30 minutes. $447,609.4 - $32.29 = $447,577.11 Money Left: $447,577.11 Sky Zone 32.29 Thirty two and twenty nine Sky Zone Trip Steven Chau Cost: $30.00 Tax: $2.29 Total Cost: $32.29

10. School Field Trip Kolter Elementary School 50.00 Fifty School Field Trip I wanted to go to the school field trip, and it cost $50 for the trip. Cost: $50 Steven Chau $ 447,577.11 – $50 = $447,527.11 Money Left: $447,527.11

11. If I a Millions Dollars Project Conclusion I have now finished my assignment, to expand my knowledge of financial literacy in life. I feel sorry and sad for Granny passing away like this and giving her abundance of money to me like this. I also thank her for giving me a $1,000,000 to make a good living out of it. I now have $447,527.11 left in money, which I would use for other future expenses. I also have an abundance of cash left fortunately. Money Left: $447,527.11

12. If I had a Million Dollar Project End Any Questions? Money Left: $447,527.11