If you suddenly came into a lot of money, what would you change?

Reckoner67
Reckoner67 Posts: 3,344 Member
For instance--if you hit a multi-million dollar lottery, what would you use the influx of cash to change about your life?
«1345

Replies

  • Mm2Hh7
    Mm2Hh7 Posts: 1,673 Member
    I’d pay my lawyer and quit my job and go to school full time

    What would you take?
  • RunHardBeStrong
    RunHardBeStrong Posts: 33,069 Member
    I'd definitely be debt free, I love my house so I probably would stay there but do a total remodel. I wouldn't work per se but be available to volunteer more than I already do. I would also travel a lot. But overall, I wouldn't spend my money frivolously. That's not how I was raised.
  • Cowsfan1
    Cowsfan1 Posts: 7,937 Member
    SwannySez wrote: »
    Can we get specific on how much actual money? What I would do with $1-5M would be vastly different than what I'd do with $10-15M and even more different than what I would do with $100-150M.

    Let's say it's mega millions / power Ball type lute - 150m + generationally life changing -
  • Reckoner67
    Reckoner67 Posts: 3,344 Member
    SwannySez wrote: »
    Can we get specific on how much actual money? What I would do with $1-5M would be vastly different than what I'd do with $10-15M and even more different than what I would do with $100-150M.

    I'm less curious about what you'd do with the dollars, but more curious about what you'd change in your life that you'd use the $$ to facilitate. The other thread about not working got me kinda headed down the rabbit trail of the two things that I believe tend to hold people back from what they want--lack of time, lack of "means".
  • ChrisCatMama
    ChrisCatMama Posts: 1,038 Member
    I’d finally move out of New Jersey!
  • SwannySez
    SwannySez Posts: 5,860 Member
    Cowsfan1 wrote: »
    SwannySez wrote: »
    Can we get specific on how much actual money? What I would do with $1-5M would be vastly different than what I'd do with $10-15M and even more different than what I would do with $100-150M.

    Let's say it's mega millions / power Ball type lute - 150m + generationally life changing -

    Ok, that's solid.

    Reckoner67 wrote: »
    SwannySez wrote: »
    Can we get specific on how much actual money? What I would do with $1-5M would be vastly different than what I'd do with $10-15M and even more different than what I would do with $100-150M.

    I'm less curious about what you'd do with the dollars, but more curious about what you'd change in your life that you'd use the $$ to facilitate. The other thread about not working got me kinda headed down the rabbit trail of the two things that I believe tend to hold people back from what they want--lack of time, lack of "means".

    Well, for me anyway, the changes would be contingent upon the amount of money.
  • lx1x
    lx1x Posts: 38,330 Member
    Pay bills... invest some of the money and travel
  • jennifer_417
    jennifer_417 Posts: 12,344 Member
    Buy the house I live in and renovate it. Pay off existing student loans, quit my job while finishing school. Buy a fancy boat and pay someone else to take care of it. Travel as much as possible. Donate to a few different people/groups.
  • kathryn1391
    kathryn1391 Posts: 100 Member
    if it was enough, id pay off my mortgage. If it wasn't enough, id save half in a high interest account and use the rest to fund courses or a business start up.

    honestly, even just being able to have a break from work right now would be lovely.
  • mbaker566
    mbaker566 Posts: 11,233 Member
    edited April 2019
    get a financial advisor and save what they suggest, with the rest:

    pay off the debt.
    go back to school full time to change careers.
    continue to landscape my yard
    continue to remodel my home
    buy a subaru
    travel a bit

  • michael1976_ca
    michael1976_ca Posts: 3,488 Member
    I would buy a nice home
    Then i would buy motorcycle. Truck's and so forth and travel
    Then i would give a good chunk of it to charity
    And finally i would pay off all my bill's
  • Cowsfan1
    Cowsfan1 Posts: 7,937 Member
    iMago wrote: »
    I'd pay off some debt.
    buy a nice house.
    i'd keep working but would become increasingly bad at my job. and hostile to coworkers. none of whom I'd have told about my winnings.
    I'd like to see how far i could take it before they threatened to fire me basically.

    i think i'd like to pay people to debase themselves for my pleasure. in my spare time i mean, not as an ethos or anything. i feel like being filthy rich would be a great way to tell desperate people what to do for a little bit of money, as a source of entertainment.

    in the end, I'd try to spend every cent and then die a pauper.

    Might end up getting promoted like this guy

    q2cy7gra518l.gif
  • SwannySez
    SwannySez Posts: 5,860 Member
    i’d become a philanthropist and sit at a huge desk in a gilded office and have people come in to pitch me their ideas and if they good i’d write them an nsa check right there and if they no good *trapdoor*

    also in the evenings i’d swim in my pool of gold coins to relax a bit

    tumblr_n8ytcaIxDP1tg5sl7o1_500.gif
  • This content has been removed.
  • InkgirlKC
    InkgirlKC Posts: 251 Member
    i’d become a philanthropist and sit at a huge desk in a gilded office and have people come in to pitch me their ideas and if they good i’d write them an nsa check right there and if they no good *trapdoor*

    also in the evenings i’d swim in my pool of gold coins to relax a bit

    I can be your assistant?
  • RastaLousGirl
    RastaLousGirl Posts: 2,119 Member
    Hopefully, my credit score.

  • Sunshine_And_Sand
    Sunshine_And_Sand Posts: 1,320 Member
    Pay the rest of my house off.
    Hire contractors to finish what's left of my current house remodel instead of continuing to do all the work ourselves. A DIY full house remodel (no structural issues) takes a long time with both parents working.
    It'd be tempting to build a dream house but l'm not sure I want to take that on at this point in my life.
    Quit my job and spend a lot more time/focus on my kids and husband.
    Trade in my crappy pool for a nice pool.
    Start working on my travel bucket list.
  • newmeadow
    newmeadow Posts: 1,295 Member
    I'd buy a cozy house in Connecticut with lots of trees all around it and a big front and back yard. Then I'd chopper into NYC to see all the Broadway shows, off broadway shows, live bands and elegant chanteuses with front row seats every time and then dine in a fabulous Chinese or Italian restaurant after the performance every night.

    And anyone and everyone who showed me sincere goodwill at MFP could come with me anytime they want and it's on me.
  • NotSo_LittleRichard
    NotSo_LittleRichard Posts: 1,004 Member
    edited April 2019
    .
  • ythannah
    ythannah Posts: 4,371 Member
    I'd change my country of residence.
  • Vikka_V
    Vikka_V Posts: 9,563 Member
    The amount would make a big difference in the way that I'd spend the money.

    Whether it was a smaller amount, or a *kitten* tonne, I'd use it for a sense of "security", mostly.

    If it was a "smaller" amount, I'd pay off some debt, but keep a chunk for "in case" and a bit to buy something I want but for whatever reason haven't bought.

    If it was a large amount, enough that I didn't have to work, I still would...I think its mentally healthy for me to get out and have to follow some sort of structure.
    I'd work odd or random jobs and move on as I felt like, to learn new stuff, meet new people, see new places, just gain different experiences and perspective. I'd explore, travel and work in different places, as I liked.

    If it was a significant amount, so much I didn't have to worry about making money anymore, I'd share with family, friends and/or appropriate it as I saw fit. I'd want to spend it in my lifetime, not squirrel it away in a bank.
  • prehistoricmoongoddess
    prehistoricmoongoddess Posts: 1,002 Member
    I would always travel first class. I'd get an annual train ticket to enable me to go anywhere, anytime. No longer would I have to struggle with luggage either - I'd expect that to be collected and be at my destination waiting for me.

    I've never flown more than 4 hrs - I'm sure I'd enjoy long haul if I did that first class too.

    I like my apartment but there are lots of little things that niggle me. So while I was away travelling I'd get it completely renovated.

    I can't even replace the lightbulbs on my own - I have lots and the ceilings are high, but living by myself I worry I'd fall off the step ladders. Maybe with money being no object I'll get someone to install a much better system.

    But first I'd change my mobile phone and laptop - both keep freezing up...I can afford to do that now, but hesitate because I can't choose which ones to buy, and I can't afford to get it wrong!

  • _impressive_
    _impressive_ Posts: 155 Member
    Teach the world to sing the perfect harmony
  • amorfati601070
    amorfati601070 Posts: 2,890 Member
    edited April 2019
    Depends on how much. I’d give half to my parents then the other half...

    I would buy gold and get it buried it in various locations and give the locations to the one person I trust. If i ever find myself in financial despair then it is up to that person to judge the necessity for a dig. If prospectors find it then good for them.

    So I actually would not change much at all.
  • CaptainFantastic01
    CaptainFantastic01 Posts: 9,558 Member
    Mm2Hh7 wrote: »
    I’d pay my lawyer and quit my job and go to school full time

    What would you take?

    Nursing! I’d like to be a nurse