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The Powerball is 200 million. If you won you would...
So the Powerball is currently at 200 million. You would take home around 150mil. What would be the first 5 things you would do? Rub it in your bosses face, buy a lambo, pay off your house, buy a mansion, buy an FRS/BRZ in every make and model? What would your first five purchases or actions be?
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Get the best financial advisor money could buy. The culture shock (my parents are immigrants who did the whole work 2 jobs and sacrifice everything for their children bit) would be too great, it would take a while to become 'comfortable' or stable.
With a more manageable number, let's say $20 mil take home after taxes and cash out from structure settlement (JG Wentworth?) I would give: Hire a financial advisor as well. Put aside $250,000 for fee's and BS Give $500,000 to charity, $250,000 to friends and family Parse $5 million between Brother, Father and Mother Buy property with $10 million and rent it out. Sit $2 million in a bank for any unforeseen charges and/or hardships $1 million for a home, $200,000 for toys, $700,000 to live comfortably - finish a Phd - travel modestly and sporadically for the next 7 years... Something like that. |
Buy a ten bedroom house with pool(2mil), build a 5km racetrack in Cambodia as investment(10mils), buy LFA and Konigsegg Agera(2mil), and buy stake in a potential company(20mil). There is still more than 100 mil left.
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Pay off my parent's house and buy another for them somewhere where they can finally relax.
Kick my married-in-aunt and not give her anything. Buy some property (apartments/condos/homes/couple government homes) and rent them out. Buy the BRZ. Pay off BF's debt. Buy Superautobachs and remake it. Finish School (Just want my master's.) Travel. Create a 1 million dollar scholarship program that gives kids $5k a year for whatever the hell they want. So many things... But like the saying goes... "more money, more problems." |
I would pay managers to "hire" me. They would then choose their worst employee to train me and I would make their day a nightmare. It's an idea I thought of after seeing some really bad employees in various jobs I've had.
I think I would try to keep it a secret from my family because financially we are already scattered on quite the range of income, from welfare to doing well. It would cause too much drama. I don't like the conventional idea of donating money so I would find a way to create some type of not for profit organization that could provide a steady job for some deserving individuals. For myself the main thing I would love to have is a personal chef and personal trainer and training facility. In free time I'd take driving school. |
Wow a lot of people say they would finish school. I find that impressive and inspiring. I only have 3 months left so I would finish up but I dont think i would go on to get the additional masters I was planning on.
Also, it is very hard to keep the fact that you won a secret. Most states have mandatory press releases ect. And you know that ish would get on fb and everyone would know. |
Pay Parents house, and buy my parents a new one for fun anywhere they wanted with any car they wanted. Give them 100K to spend on whatever.
Buy old skool cars, like collectable muscle. Maybe have like ~10. Buy myself a house and a Benz SLS AMG, LFA, GTR, Ken Gushi's FRS Pay off school Donate a lot to charity and stuff. Buy a 10k camera for pictures Buy a bunch of houses and rent them out. Invest in gold (muahaha) Hire trainers, nutritionest, own some sort of store of something |
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Reinvest more money with my private banking options... I recently sold a house I inherited, and actually do have my own advisor/broker at my bank. Probably get into their even more exclusive banking arena, and throw them even more money. Not sure on the overall amounts, and I'd disperse most of the money throughout various accounts based on risk.
I'd only take 500,000 dollars out initially. Perhaps buy myself a new Porsche 991 Carrera S. Take a long vacation to Antigua for about a month or so. Maybe I'd hire some help too... being that I'm self-employed now. |
I'd give my parents $10 mill
Give $10 for my girlfriend and her mom and brother Pay off school (Med school isn't cheap but then again, what is?) Invest in a Roth IRA give 2 million to charity buy a few nice carrs (LFA, NSA, Zonda) I always wanted to go sight seeing, so travel. The rest of the money, will sit inside a swiss bank account. :Thumbsup: |
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Buy a property overseas somewhere, build my own private racetrack and buy an LFA. Then put the rest into the bank until I decide what to do with it without losing all of it...
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1. Buy sailboat
2. Go exploring. 3-5. Who cares? :D |
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Since I'm currently a student, probably wouldn't change much. But I'd buy a car, and give money to my parents and stuff. |
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