You've just won the MrBeast Last To Take Hand Off Wins $1,000,000 Challenge and all your problems are solved! Think again, while free money is always a good thing, if you aren't smart you could end up pretending to live the high life only to end up flat broke. In today's video we're going to show you the wise way to invest your $1 million dollar earnings and not blow it on all some fancy car you'll end up denting and can't afford to get fixed..
TIMESTAMPS, 0:00 You are the winner of the $1,000,000 MrBeast Last To Take Hand Off Challenge
0:24 What happens now that you have won?.
0:49 MrBeast is unique in the sense that he gives backs to the viewers that made him a Youtube success.
1:21 You could adopt one shelter pet and give it a million dollar lifestyle
1:50 You beat out everyone else in a series of insane challenges and you deserve something nice
2:39 You can buy a used Rolex for $10,000
2:51 Remember, this money is a one-time cash out, you didn't suddenly move up in life
3:28 You might be happy to quit and just live off the interest forever and ever.
4:06 You know that the government is going to come knocking and asking for their cut.
5:00 How do tax brackets work
5:30 Difference between Federal and State income tax
7:21 Difference between filing married or single
7:51 How much you will pay in State taxes
8:50 This is how much you will pay in Federal taxes
9:20 Treat yourself to nice things
10:10 Winning a million dollars is truly life changing!.
10:40 What would you do with a million dollars?.
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