What would you do if you won a big lottery
Tiredtraveler
Solo PL
Following up to Jack's last discussion:
What would you do if you won a big lottery?
1} Hire a good attorney to keep my name out of the news (legal in most states)
2} Keep a low profile for a while and not significantly change my life style until things settled.
3} Quietly retire withing the year
4} Pay off any debts and start a new career (sitting on my ass would drive me to drinking) maybe like professional club reviewer.
5} Buy a new car.
What would you do if you won a big lottery?
1} Hire a good attorney to keep my name out of the news (legal in most states)
2} Keep a low profile for a while and not significantly change my life style until things settled.
3} Quietly retire withing the year
4} Pay off any debts and start a new career (sitting on my ass would drive me to drinking) maybe like professional club reviewer.
5} Buy a new car.
Got something to say?
Start your own discussion
32 comments
6. Pay off my family's debts.
7. Buy as big a parcel of land as I can in a good spot and build on it.
8. Go back to school.
9. Upgrade my ATF's lifestyle to the extent she'll let me.
9. Donate generously to worthy charities
Things I'd do within the first month, not necessarily in this order.
1. Retire from my current job (would save thinking about my next job for next month)
2. Treat my buddies to at least one, and probably several, SC and OTC blowouts.
3. Pay off all my family's debts
4. Find a great financial advisor
5. Modest (considering the size of the win) toy shopping spree for myself and my kids and nieces/newphews
There's lots more serious stuff to do after that first month, but the kids' modest toy shopping spree, and my buddies' SC and OTC blowout(s), are musts, ASAP
In the next month, there's plenty to do: start investing the money to protect and grow it, more serious purchases, charity and social movement contributions, figure out if I want to take one of my current hobbies and turn it into a little side job, etc.
I'm already retired and debt-free. And I bought a new BMW this year.
using the guy from the other thread as an example, take the cash option and after taxes he would have about 60 million. Invested in a diverse portfolio of ETF's, mutual funds and rental property he could have an income of 3 or 4 million a year and he would never go broke. he could double or triple that if he didn't want to leave anything behind.
I have always thought I'd go buy a big SUV and for the country trying to find a place to buy a 2nd and maybe 3rd home - I figured it would take me a year.
Then I'd go sit on my ass for awhile, and relax, whether it be 3 months or 3 years I'm not sure, when I would get bored I would open a small business, as long as I break even I'd be satisfied with it.
Buy some land.
Upgrade business equipment.
Keep doing what I do. I love my work
Imamutt would give every penny to his psycho ATF
Juice would make the best rap album ever with guest appearances by The eurythmics, Boy George, Twisted Sister, Debbie Gibson and Rick Astley.
Jackslash would make the first ever strip club that dads could bring their kids to and drop them off at the adjacent daycare center.
Lloyd would buy all the silver duck tape he could fit in his basement.
I would not be a FOOL sir!
I'd hire Dougster to invest it all.
And then I'b bankroll all of Juice's poker tournaments.
Lastly, I'd invest in Plastics...
1. Pay off all debt and buy a modest home, not sure where yet
2. Semi-retire. STill enjoy the job, but cut back.
3. Try to buy my ATF's love
4. Become broke trying
5. Cry myself to sleep everyday
6. Return back to work full time
2. get my phone's cracked screen fixed.
3. continue to enjoy the ladies.
Or, What Would Juice Do????
2. Put 10% of the money in an untouchable savings account as I get it.
3. Invest 10% of the money.
3a. 2.5% in an aggressive fund.
3b. 5% in a moderate fund.
3c. 2.5% in a conservative fund.
If the aggressive fund reaches 150%, put 50% of it in savings. If the moderate fund reaches 125%, put 25% of it in savings. If the conservative fund reaches 112.5%, put 12.5% of it in savings.
4. Set 10% aside for doling out to family members.
5. Let myself have 10% for fun.
6. Spend the remaining 60% on legitimate expenses, such as the following:
6a. A house around the 75th percentile of cost in my market.
6b. A car around the 75th percentile of cost.
6c. Education or training for a better career or more fulfilling hobbies.
6d. A personal trainer, gym membership, or workout equipment to de-fatten my ass.
6e. Other investment or business opportunities such as buying property, buying a turnkey business, or starting my own business.
I would def get an attorney to keep my new found wealth a secret
I would be rolled very deep for high stakes poker by using a small percentage of the winnings.So I would move out to Vegas/California to become a poker Pro.
Invest in the market and let compounding interest do it's Magic with a large percentage of the winnings.
Figure out a lifetime budget for strip clubs so I would have enough to last me into the grave lol.
Would help fund new churches and spreading of the word of God
Would also help out homeless shelters, widows and orphans and partner with any organization that has a mission to help these situations
Single mothers and young college girls would be my number one and largest charity contribution doh
My all the new Xbox games and get drunk every night with four loco and some tositoes
2. Surround myself with the finest pussy money can buy 24 hours per day.
3. Probably party myself to death quickly.
Best if I don't win
2. Hire a top notch attorney
3. Relocate
4. Set up friends and family
5. Start my own non-profits. At least two to start - one for my political projects, and anothe related to animal welfare. I want to work, but for my work to be something I am passionate about. Nonprofits can't sustain my lifestyle unless I'm financially independent.