Current Events > You've just won $100 million after taxes via the lottery. What do you do now?

(+) Yeah! (+)

After (hopefully) obtaining a good lawyer or two and a financial team with a plan---how are you going to spend your money?

Do you give some millions away to your parents or siblings? Do you decide to retire your best friend by giving them a few million? Or do you play it by ear and see how your investments fare, giving or splurging based off of your monthly or yearly gains?

What do you buy? Do you immediately go on vacation and travel? How do you handle your new windfall?
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I buy guns.
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I put it in an account I can't touch til 2020.
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Capn Circus posted...

After (hopefully) obtaining a good lawyer or two and a financial team with a plan---how are you going to spend your money?

Do you give some millions away to your parents or siblings? Do you decide to retire your best friend by giving them a few million? Or do you play it by ear and see how your investments fare, giving or splurging based off of your monthly or yearly gains?

What do you buy? Do you immediately go on vacation and travel? How do you handle your new windfall?

I would pay for your desperately needed education.
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Offer it all to my ex hoping she will accept to get back with me.

j/k
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Put 99$ mil away in saving.

Blow one mil on whatever I want
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Put $90 million into a mutual fund, blow through $50,000, and keep the rest in a savings account.
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YourAlt posted...

I would pay for your desperately needed education.

What makes you think I need an education?
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Put $80 mil into a mutual fund, then put a bit into a savings and keep the rest in my checking. Also, end up buying a lake house or Beach House and moving to someplace really quiet.
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-$5 million to the parents
-$1 million to each sibling (3) and to a couple of cousins
-Invest
-Travel
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Capn Circus posted...

YourAlt posted...

I would pay for your desperately needed education.

What makes you think I need an education?

Your opinions of course.
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treat myself to some smashed avocado
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Start my own military nation state.
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I find it hilarious how every single CE topic response to this question is always invest 90% of it. You need to invest 90 million dollars? Seriously? You are saving 90 million for your deathbed?
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Buy a huge chunk of land.
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Behaviorism posted...

I find it hilarious how every single CE topic response to this question is always invest 90% of it. You need to invest 90 million dollars? Seriously? You are saving 90 million for your deathbed?

Invested properly, it'll become worth a fuck ton more than 90 mil.
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I would upgrade everything, I'm not going to be a tightwad. I would buy land and let young couples live off that land and they can keep it if they survive. Or just help them.
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Buy a private island
Some nice cars
Nice clothes
Houses around the world
Save 5 mil for kids
Spend the rest building shit on my new island
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Commission a life size statue of my husbando
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- Give my immediate family a couple mil
- Live in/near Cuba for legal reasons
- Get that ultimate fursuit I've always wanted
- Commission a lot of porn

Y'know, generally buy happiness.
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yea if yWilliamPorygon posted...

- Give my immediate family a couple mil
- Live in/near Cuba for legal reasons
- Get that ultimate fursuit I've always wanted
- Commission a lot of porn

Y'know, generally buy happiness.

yea if you do win please spend some of your green
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I give 10 million to each of my family member.
leave Canada.
buy some stuff.
fund political groups with my views
donate 1 million or two.
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I would give my parents and sibling each a million asap and then go vist Angkor Wat and other historial places across Europe and Asia for like a year
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disappear for a year no lie.

practically get rid of any trace of my existence and start over, contacting my immediately family at first.
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YourAlt posted...

Capn Circus posted...

YourAlt posted...

I would pay for your desperately needed education.

What makes you think I need an education?

Your opinions of course.

Ah, so you'll be sending me to some feminist SJW class? For your sake, I hope you pay them instead of me because I won't be attending.
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The best pussy money can buy.

<_<

Capn Circus posted...

YourAlt posted...

Capn Circus posted...

YourAlt posted...

I would pay for your desperately needed education.

What makes you think I need an education?

Your opinions of course.

Ah, so you'll be sending me to some feminist SJW class? For your sake, I hope you pay them instead of me because I won't be attending.

Lol, thanks for making my point.
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I have 2 siblings and my wife has 2 siblings and I have 2 cousins that I really like. I'd give each of them 2-3 mil depending on badly they need it. I would set aside another 5 mil and donate it to charity. I'd build a dream house, nice cars, etc, then I'd put half of it in the bank and invest the other half, and I'd keep working tbqh. My work allows me to be pretty flexible if I want, so I'd work part time or something.

Skye Reynolds posted...

The best pussy money can buy.

<_<

Oh yeah! How can I forget?
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Give away probably at least 25 million to friends and family. Buy a really nice house in secluded area (along with some properties in areas I'd want to travel to frequently) and spend the rest of my life relaxing. Also get a dog, I can't get one now because I'd have to leave it alone for 9 hours each day.
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Disappear
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Don't they sometimes run stories about people winning fuckhuge amounts in the lottery? Or is that not always the case?

If they do then, the first thing I'd do is find out pretty quickly which of my estranged family members suddenly care about my existence.
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LinksLiege posted...

Don't they sometimes run stories about people winning fuckhuge amounts in the lottery? Or is that not always the case?

If they do then, the first thing I'd do is find out pretty quickly which of my estranged family members suddenly care about my existence.

Yeah, it depends. Some stories are bigger than others. For the really big winners in multi-state lotteries, it can sometimes be a national story but sometimes not. Some states do not require your name to be released, some do.

Even states that release identities, you can sometimes hire a lawyer that specializes in these circumstances and have them set up a trust to claim the winnings versus yourself outright. There's sometimes ways to get around it if you don't want others to know, but it can sometimes be hard depending on the laws of a given state.
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CE has no imagination when it comes to winning large sums of money... Always a bunch saying how they'd just save/invest it.

First purchase: large piece of beach front land in Phuket (at least 1 acre but ideally bigger). I then build a massive compound on it. Huge house for my wife and I, 3 bedroom house for my parents and then 4 other 3 bedroom houses for my wife's immediate family and for a friend of ours and his wife. I'll then pay her family a salary to take care of the land/housekeeping while they get to live rent/bills free.

Next purchases: 2017 BMW S1000RR, Range Rover and an Aston Martin DB9.

I'd give my parents and my brother 20% of it (like 12 mil for my parents, 8 for my brother). I'd then take another 10 million and split it up amongst my wife's family, my cousins and some friends. 10 mil locked in an account for my kids.

Then I'd spend the next year or so travelling while waiting for my house to be built. I'd also buy a huge condo in Vancouver
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MuayThai85 posted...

CE has no imagination when it comes to winning large sums of money... Always a bunch saying how they'd just save/invest it.

First purchase: large piece of beach front land in Phuket (at least 1 acre but ideally bigger). I then build a massive compound on it. Huge house for my wife and I, 3 bedroom house for my parents and then 4 other 3 bedroom houses for my wife's immediate family and for a friend of ours and his wife. I'll then pay her family a salary to take care of the land/housekeeping while they get to live rent/bills free.

Next purchases: 2017 BMW S1000RR, Range Rover and an Aston Martin DB9.

I'd give my parents and my brother 20% of it (like 12 mil for my parents, 8 for my brother). I'd then take another 10 million and split it up amongst my wife's family, my cousins and some friends. 10 mil locked in an account for my kids.

Then I'd spend the next year or so travelling while waiting for my house to be built. I'd also buy a huge condo in Vancouver

Hey that sounds fun, but careful there--how much does that beach front land and 'massive compound' cost? And you're outright giving away 20 million? Better save some to generate that monthly dividend money.
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Start a nonprofit
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$10m to my brother and his wife.
$5m to each of their kids (a daughter and a son), that cannot be touched until they are 25.
$10m to my parents
$1m to my brother's wife's sister (co-sister-in-law? I can never remember the term) as a wedding present since she's marrying her girlfriend this November.
$1m to their parents
$5m to charity

That's $37m total. $60m of what's left will go into a savings account or mutual fund or some kind of stable investment portfolio. The last $3m will go into my checking account for just general spending cash. I probably wouldn't even buy a house, tbh. Just find a nice apartment and live comfortably. I'd still work, but I'd cut down my hours so I'm not working 6 nights a week anymore and can have a bit more of a social life.
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Not a goddamn thing, because I wouldn't have to anymore.

I would open up multiple savings accounts in different banks all over the world.
I'd hire a financial advisor (since I don't know what they'd say, everything now on isn't guaranteed)
I'd learn about stock and investing to make it grow.
I'd pay off all our mortgage and all our bills and debts.
I'd buy a million dollar mansion.
I'd quit my job and give some of it to my coworkers and family who needed help (only once).
I'd travel the world.
I'd go to a high rated and expensive university.
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Questionmarktarius posted...

Not a goddamn thing, because I wouldn't have to anymore.

buy a bar
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ehhwhatever posted...

Questionmarktarius posted...

Not a goddamn thing, because I wouldn't have to anymore.

buy a bar

Dead the next weekend. Also the bar would be bankrupt.

25 mil to friends and family.

50 invested.

Remaining 25 mil will accomplish...

Car, home, 2 years of travel, going back to school and deciding what I want to do now that I don't have to do anything with a lot left over to live whatever life I want for however long I want.
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Buy all the debt of my loved ones.
Buy a Rolls Royce Phantom.
Go get a doctorate in something.
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Capn Circus posted...

MuayThai85 posted...

CE has no imagination when it comes to winning large sums of money... Always a bunch saying how they'd just save/invest it.

First purchase: large piece of beach front land in Phuket (at least 1 acre but ideally bigger). I then build a massive compound on it. Huge house for my wife and I, 3 bedroom house for my parents and then 4 other 3 bedroom houses for my wife's immediate family and for a friend of ours and his wife. I'll then pay her family a salary to take care of the land/housekeeping while they get to live rent/bills free.

Next purchases: 2017 BMW S1000RR, Range Rover and an Aston Martin DB9.

I'd give my parents and my brother 20% of it (like 12 mil for my parents, 8 for my brother). I'd then take another 10 million and split it up amongst my wife's family, my cousins and some friends. 10 mil locked in an account for my kids.

Then I'd spend the next year or so travelling while waiting for my house to be built. I'd also buy a huge condo in Vancouver

Hey that sounds fun, but careful there--how much does that beach front land and 'massive compound' cost? And you're outright giving away 20 million? Better save some to generate that monthly dividend money.

I'm a single guy in his mid 30's with no kids. I don't need to invest 90 million dollars and put it away. That's silly.
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Capn Circus posted...

MuayThai85 posted...

CE has no imagination when it comes to winning large sums of money... Always a bunch saying how they'd just save/invest it.

First purchase: large piece of beach front land in Phuket (at least 1 acre but ideally bigger). I then build a massive compound on it. Huge house for my wife and I, 3 bedroom house for my parents and then 4 other 3 bedroom houses for my wife's immediate family and for a friend of ours and his wife. I'll then pay her family a salary to take care of the land/housekeeping while they get to live rent/bills free.

Next purchases: 2017 BMW S1000RR, Range Rover and an Aston Martin DB9.

I'd give my parents and my brother 20% of it (like 12 mil for my parents, 8 for my brother). I'd then take another 10 million and split it up amongst my wife's family, my cousins and some friends. 10 mil locked in an account for my kids.

Then I'd spend the next year or so travelling while waiting for my house to be built. I'd also buy a huge condo in Vancouver

Hey that sounds fun, but careful there--how much does that beach front land and 'massive compound' cost? And you're outright giving away 20 million? Better save some to generate that monthly dividend money.

All that spending would cost me 50 million at most including giving money to family/friends. If you can't then survive on 50 million dollars, let alone the insane amount of interest you'll make on it then you are fucking hopeless.
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Start my own porn site.

Actually, I'd just keep it to myself.
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Returning_CEmen posted...

Start my own porn site.

Actually, I'd just keep it to myself.

Actually you can be the producer, director and actor.
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foreveraIone posted...

Returning_CEmen posted...

Start my own porn site.

Actually, I'd just keep it to myself.

Actually you can be the producer, director and actor.

...and audience.

MuayThai85 posted...

Capn Circus posted...

MuayThai85 posted...

CE has no imagination when it comes to winning large sums of money... Always a bunch saying how they'd just save/invest it.

First purchase: large piece of beach front land in Phuket (at least 1 acre but ideally bigger). I then build a massive compound on it. Huge house for my wife and I, 3 bedroom house for my parents and then 4 other 3 bedroom houses for my wife's immediate family and for a friend of ours and his wife. I'll then pay her family a salary to take care of the land/housekeeping while they get to live rent/bills free.

Next purchases: 2017 BMW S1000RR, Range Rover and an Aston Martin DB9.

I'd give my parents and my brother 20% of it (like 12 mil for my parents, 8 for my brother). I'd then take another 10 million and split it up amongst my wife's family, my cousins and some friends. 10 mil locked in an account for my kids.

Then I'd spend the next year or so travelling while waiting for my house to be built. I'd also buy a huge condo in Vancouver

Hey that sounds fun, but careful there--how much does that beach front land and 'massive compound' cost? And you're outright giving away 20 million? Better save some to generate that monthly dividend money.

All that spending would cost me 50 million at most including giving money to family/friends. If you can't then survive on 50 million dollars, let alone the insane amount of interest you'll make on it then you are fucking hopeless.

Fair enough. $50 million, after taxes, would likely generate a safe minimum of 50-100k/mo. Which is good. But that would also mean the remainder of your money is invested in the market---what happens when another "9/11" strikes or the economy sucks away half of your investment?

It's definitely a personal decision and lifestyle factor, but I'd like to have several millions hidden away for safe keeping/rough economy and also be able to spend (or not) 100k+ each month.
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