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    You've just won $500mil! What are you gonna' do with it?!

    Posts: 284 Member
    edited January 5 in Chit-Chat
    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!

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    Replies

    • Posts: 3,119 Member
      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.
    • Posts: 2 Member
      probably create a business to make more money....
    • Posts: 284 Member
      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.
    • Posts: 1,760 Member
      OMG STAHP!
    • Posts: 2 Member
      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 poorer
    • Posts: 284 Member
      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 often
    • Posts: 4,251 Member
      2 MORE chicks....at the same time.
    • Posts: 284 Member
      2 MORE chicks....at the same time.

      So you've buy a chicken farm? Awesome! :wink:
    • Posts: 165 Member
      Help alot of people!
    • Posts: 6,128 Member
      1) travel
      2) set up a family college fund
      3) start an animal rescue
      4) volunteer
      5) travel more
    • Posts: 32
      Take care of all my family and close friends, charity, hire a personal trainer and a personal chef!
    • Posts: 25 Member
      Buy the insanity challenge instead of looking for it on Youtube.
    • Posts: 148 Member
      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.
    • Posts: 1,351 Member
      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..
    • Posts: 557 Member
      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 :)
    • Posts: 536 Member
      convert it to £ sterling...

      then SPEND IT ALL!!!!!
    • Posts: 3,218 Member
      First thing: Quit my job. Then I will have plenty of time to figure out what to do with the rest of my life. ;)
    • Posts: 327 Member
      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:
    • Posts: 2,121 Member
      Rebuild Hostess
    • Posts: 30 Member
      I'll tell you what I'd do, man: two chicks at the same time, man.
    • Posts: 74 Member
      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 charity
    • Posts: 818 Member
      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 :-)
    • Posts: 30 Member
      "Rebuild Hostess"

      Better to just burn the money. Same effect in a fraction of the time.
    • Posts: 1,115 Member
      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.
    • Posts: 2,018 Member
      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.
    • Posts: 1,407 Member
      Buy my McDonalds and burn it to the ground. Move to Ireland. The end.
    • Posts: 2,121 Member
      "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.
    • Posts: 232 Member
      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. :-)
    • Posts: 222 Member
      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 donated
    • Posts: 1,877 Member
      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.

      JM
    This discussion has been closed.

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