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Post Reply First thing you would do if you won the lottery?
Posted 7/20/13
This whole idea about setting aside, saving, investing and spending the money carefully seems a bit superfluous, considering he was talking about a prize of 150 - 200 million dollars. That's enough to spend however you want to for the rest of your life.
Before spending anything, really, I would probably just lay for a long time on my floor, thinking "I don't have to do anything."
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Posted 7/20/13
With that much cash I'd live like a GOD. In seriousness if it was me I would still have $100+ mil left over after everything was done. So only thing left would be to multiply that s*t by a factor of 10, store it 10 meters below the ground, and let the cash flow. Just because you have that much doesn't mean it will last forever, some people are terrible financially.


10 Lottery Winners Who lost it All
http://www.businessinsider.com/10-lottery-winners-who-lost-it-all-2010-5?op=1
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23 / M / old dirty road in...
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Posted 7/20/13
Move out this ghetto ass neighborhood
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19 / M / Florida
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Posted 7/20/13
Step One: Put money into the savings.

Step Two: Give portion of money to parents.

Step Three: Build a badass gaming rig.

Step Four: Buy games and consoles at low prices off of Amazon.

Step Five: Give portion of money to charity.

Step Six: Use rest of the money to fund my college education and whatever I want.
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Posted 7/20/13
Step One: Put money into savings.

Step Two: Get really old and paranoid about my money.

Step Three: Annoy family members by constantly telling them that none of them are in my will and will never recieve a penny.

Step Four: Request to be buried in a tomb full of traps with all of my money.

Honestly I'd probably do the same thing that most people would, though I always keep hearing about how peoples lives get quite miserable if they end up getting a lot of money. You lose a lot of the values that you once held dear even though everybody tells themselves that they won't change and your new friends will only stick around for one thing.
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22 / F / Texas, USA
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Posted 7/20/13
I don't know if it would be possible but I wouldn't want it to be announced that I was the winner.

1. I would buy a home. Nothing fancy.Just a 3 bedroom, one story home in decent condition to always have a place to live. Should anything happen to the money or my mom or grandparents or even me. They would ALWAYS have a place to live.

2. I would very slowly buy little bit more nicer things.

Even though my life is very low budget and I don't have the high end things. I do live contently.

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Posted 7/20/13
1. student loans
2. help out the parentals & some other family members
3. assist a humanitarian relief effort
4. TRAVEL.. designate a couple vacation homes in jamaica, the ivory coast, philippines & wherever else i see fit
5. savings/miscellaneous

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22 / F / London, UK
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Posted 7/20/13
Honestly, the first thing I'd do would be pay off my family's debts... which wouldn't actually be that much, really (£40k for direct family, a little more for the more distant relatives).

Second would be to take aside enough that I likely wont have money issues for the rest of my life. Buy a house, keep some of it as savings, etc.

Third would be to cover tuition costs to study something I really wanted to, but is the sort of thing that's really not a solid investment for a career (folklore and mythology)

Fourth would be giving the rest to various charities.
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17 / Hope's Peak Acame...
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Posted 7/20/13
1.) eat
2.) finish cosplay and buy stuff at con
3.) buy a car
4.) eat
5.) buy clothes
6.)eat
7.) share
8.) eat
9.) go wherever the hell I want
10.) eat

In that order.
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22 / M / United States
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Posted 7/20/13
Probably get my parents and myself some better housing.
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26 / M / any where in the US
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Posted 7/20/13

Tankfantry wrote:

So we're having a business lunch meeting today, Bosnian place FYI and it was amazing, and we got onto the topic of winning the lotto. One of my co-workers proposed the question, "What would be the first thing you would do if you won the lotto?" Without a second thought I said DIVORCE and for some season all the women at the table looked at me like I was a bad guy. I was kidding of course....maybe but the question stands, what would you do?

Money wise the question was $150-200 million (after taxes).

1.) Quit work.
2.) Buy a condo in Dublin, Ireland.
3.) figure it out from there.


lol that was funny

1. start my own company
2. Buy my own custom 18 wheeler and drive when i want
3. take care of my family
4. buy all the anime box sets i want X3
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23 / F / NY
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Posted 7/20/13

theGreatDisapointment wrote:

This whole idea about setting aside, saving, investing and spending the money carefully seems a bit superfluous, considering he was talking about a prize of 150 - 200 million dollars. That's enough to spend however you want to for the rest of your life.
Before spending anything, really, I would probably just lay for a long time on my floor, thinking "I don't have to do anything."


Well if you're an American, that number will actually be substantially lower due to:

A: Taxes
B: Taking the winnings as a lump sum (if you so chose)

Thus, assuming you do an annuity (which takes 2 decades or more to pay out typically), it'll be roughly 50% less than the advertised prize value, elect for a lump sum and it'll be 75% less.

So your winnings went from 150-200 million to 37.5-50 million...

What happened to your money, ehhh?
Posted 7/20/13

Jsybird2532 wrote:


theGreatDisapointment wrote:

This whole idea about setting aside, saving, investing and spending the money carefully seems a bit superfluous, considering he was talking about a prize of 150 - 200 million dollars. That's enough to spend however you want to for the rest of your life.
Before spending anything, really, I would probably just lay for a long time on my floor, thinking "I don't have to do anything."


Well if you're an American, that number will actually be substantially lower due to:

A: Taxes
B: Taking the winnings as a lump sum (if you so chose)

Thus, assuming you do an annuity (which takes 2 decades or more to pay out typically), it'll be roughly 50% less than the advertised prize value, elect for a lump sum and it'll be 75% less.

So your winnings went from 150-200 million to 37.5-50 million...

What happened to your money, ehhh?


That's still 37.5 - 50 million, which, as long as you're not dumb as fuck, is enough to live a pleasureable life.
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Posted 7/20/13
Pay off the pool/home, house repairs, and vehicle notes of my parents. It's a priority that comes first even above my needs.
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26 / M / La Jolla
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Posted 7/20/13
Wouldn't ever happen since I don't play the lotto, but

1) Donate 10% after taxed money to church.
2) Buy a decent place in Akita and Kyoto.
3) Create a trust to put the assets into and create S Corporations to maximize deductions.
4) Invest in low interest 5% ish or less dividend earning stocks and live off the proceeds. Aprox 10mil before tax. I think that's enough...
5) Create a library in my house for personal use and focus on writing and research.
6) Create a few scholarship funds for foreign exchange students in America to go to Japan.

I'm sure there are other things, but those are to name a few. I wouldn't quit school or my MA program.
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