You've just won $500mil! What are you gonna' do with it?!
In honor of the big, mega-watt lotto draw tonight, let's play pretend.
You've just won the whole shebang. After taxes, that's roughly $300,000,000 over the course of 20 years, or $15,000,000/year. What would you do with all of that money? How would you spend it? What would you spend it on? And how would you spend your time for the first five years, the next five years, etc.?
Go!
You've just won the whole shebang. After taxes, that's roughly $300,000,000 over the course of 20 years, or $15,000,000/year. What would you do with all of that money? How would you spend it? What would you spend it on? And how would you spend your time for the first five years, the next five years, etc.?
Go!
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Replies
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First thing would be to pay off my student loans and house we currently own.
I would buy a new car for me and hubs and custom build a nice but not gawdy or too huge house for us. I'd buy a house and new cars for my grandparents. I'd put aside a college fund for my son.
I'd invest the rest.0 -
probably create a business to make more money....0
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I'd tuck away a mil a year to live on, and use the rest in the Bill Gates way. In fact, chances are I'd try to contact them to ask them how best to set up a charity like theirs.
Another option would be to set up a series of secular private schools in poor areas for kids to get a better chance at a good education.0 -
OMG STAHP!0
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with in the first five years
homes 20,000,000
cars 3,000,000
boat 300,000
clothes 2,000,000
traveling 1,000,000 budget
family 1,000,000
luxuries 2,000,000
for bills the next couple of years and in taxes 20,000,000
bank account for saving 200,000,000
investments in business and realestate 50,700,000.... why not get richer, or to not get poorer0 -
I forgot the what I'd do with my time thing.
First five years:
Travel the world
Build houses in Oregon, Wales, and New Hampshire
Buy cars
Learn to fly a plane
Second five years:
Go back to school - MBA
Set up charity with board
Travel
Next 10 years:
Run charity
Travel often0 -
2 MORE chicks....at the same time.0
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2 MORE chicks....at the same time.
So you've buy a chicken farm? Awesome!
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Help alot of people!0
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1) travel
2) set up a family college fund
3) start an animal rescue
4) volunteer
5) travel more0 -
Take care of all my family and close friends, charity, hire a personal trainer and a personal chef!0
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Buy the insanity challenge instead of looking for it on Youtube.0
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Quit my job. Change my name. Go to a weight loss spa and not come out until I am 100 pounds lighter. Pay off debts. Travel.0
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Oh imagine lol. Loads of things. Firstly I'd buy all my friends and family houses, cars etc. Or just write them big cheques. Then I'd give a huge amount to the animal shelter. Quit my job, bring all my friends on some amazing holiday..0
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Retire from the job I'm doing.
Then start my own higher end photography business
Setup a trust for my grandaughters
Build a very modest house out in the country
Pay off my kids student loans
Hide from the 'new' relatives coming out of the woodwork
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convert it to £ sterling...
then SPEND IT ALL!!!!!0 -
First thing: Quit my job. Then I will have plenty of time to figure out what to do with the rest of my life. 0
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1) Pay off all debts, including seeing if I can still somehow pay back stuff from my Chapter 7 a few years back...
2) Pay off all debts of my dad, brother, and boyfriend
3) Give a bunch to charity (will have to decide which ones, but this time of year probably the local food banks and toy drives, then figure out who my "permanent" charities will be in the new year)
4) Move to NYC and buy a really nice apartment overlooking Central Park perhaps...
5) Transfer from University of Memphis to NYU's Gallatin's School of Individualized Study (because I'm rich now, but still want to get my college degree and probably will still go on to law school)
6) Fill my beautiful new apartment with beautiful new things and beautiful antiques, too...
7) Adopt a teenager or two
8) Of course, personal chef and personal trainer!
9) Finally get a smart phone of some sort...
10) Donate some money towards the University of Memphis, perhaps getting a building named after my mom
11) Get my mom's name out there somehow, by donating to something prestigious...
12) Travel around the world
13) Go for a hot air balloon ride!
As you can see, I haven't really put a lot of thought into it... :bigsmile:0 -
Rebuild Hostess0
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I'll tell you what I'd do, man: two chicks at the same time, man.0
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Contact an attorney and our finical advisor.
We'd both give notice at work.
Pay off debts/mortgage, etc (pay off close family debts too - in-laws house, bro/sis-in-law's student loans)
Help out close family/friends.
We'd move to Germany (probably Berlin). Have additional homes/condos in Chicago & Vancouver BC for sure.
(Kids would school in Germany.)
Travel (as a couple and with the kids)
Start a charity with portion of money and be involved in running said charity0 -
Start an organization to help battered women and children. Ive lived it and I want to help others get out of a situation like that. Also buy a home and start a restaurant business :-)0
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"Rebuild Hostess"
Better to just burn the money. Same effect in a fraction of the time.0 -
Run to a financial advisor first!!!!! Then I would pay off all student loans and any debt (luckily for me its not a lot). I would put money away for my kids educations, write my parents a check to try to pay back all the times they helped me out without asking for repayment. I would also get my puppy dog a friend to hang around with. Then I would find a decent house that I love and go on an amazing vacation before coming back to reality and all the long lost friends and relatives I never knew I had. After that I would try my best to invest smartly so that I do not have to worry about working. I would probably continue to work for a little while until I became comfortable that the money would not be blown. It is said most lottery winners run out of money within the first 5 years.0
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1. Quit job. Immediately.
2. Take off for a month, travel the world. Contemplate what I'm going to do when I get back home.
3. Hire lawyer, financial manager, etc.
4. Financially set up my family members for life.
5. Buy a few homes in locations that I would like to live in during different parts of the year.
6. Figure out what I wanted to "do" with my life - initial thought is that I would open an animal rescue center of some sort.0 -
Buy my McDonalds and burn it to the ground. Move to Ireland. The end.0
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"Rebuild Hostess"
Better to just burn the money. Same effect in a fraction of the time.
Or I could Rebuild Hostess, then open gyms next to my new Hostess stores (much like Duncan doughnuts). Make 2x the money, like companies that produce re-fried beans and toilet paper.0 -
Buy a house. With a HUGE garden. Then I'll be my own farmer and eat my own veggies.
And forget about the rest in the bank. :-)0 -
I'd pay off my car ($11,000 left on it)
Have a house built for me
Set a college fund aside for my daughter
Put some in the bank
Give some to my mom to start her Bed and Breakfast (she was also recently laid off)
Any left would get divided to my family and some donated0 -
I stand by my original statement when it was $425 Mil.
Make sure my family is looked after. Buy a place in St. Croix and live there. Pick a couple good charities and send them an annual gift.
JM0
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