What would you do if you won the lottery?

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Originally Posted by rabernet

Clark Howard, a self made millionaire and consumer radio guy based in Atlanta has advised instant millionaires before. A young girl called in who had won $5M in the lottery. He told her to immediately change her number to an unlisted number, as the lottery sells your contact information to different firms (investment, etc) who will be calling. Family and friends will start calling.


He told her that she would be left with $3M after taxes. He told her NOT to invest anything her first year, and if she wanted to blow 10% (or $300K) of it the first year - to do that, enjoy it, and don't worry about it. After that, even in an account that earns 4% each year, she could live off interest alone at about $100K a year.

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that is such bad advice! put it in the bank??? at the lowest interest you can get? much better to put it into mutual funds and make some real money. some fund companies are making 30-50% right now! think of how you could turn that money around and have it make you more money. that's why the rich stay rich... they invest their money and live off the interest!

i would buy some land and build houses for all the people i like there. it would be our own private 'area'. i would own the title of the land but they would be welcome to live their until they die. they couldn't pass it on to their kids or someone else... that way... i am gifting them the gift of a mortgage/rent free life and they could invest that money every month if they wish rather than paying for a mortgage... and i would have the equity in that real estate for my children's future.

i would buy homes for people i care about but don't want to live near... and again, keep it in my name but they get to live there. it would be like their own home... they could do whatever they wished with the house/land.

i would kick a whole bunch of the money to environmental charities, heifer.org, kiva - stuff like that.

i would set up a scholarship fund for homeschoolers who wish to go to college or university but don't have the funds.

i'd custom build my own home with snake rooms... fish tanks as walls... and it would be completely environmental in design. geo-thermal heating and solar energy as well. a huge house that would have everything i need so i don't have to go out if i don't want to. (i'm a hermit at heart).

i'd have a beautiful meditation area... and teaching area for my students as well.

i'd take trips to australia, ireland, india, thailand... i'd do a lot of travelling.

and the most fun thing of all i would do... i would go to the bank and take out about $50,000 all in $100 dollar bills... and then i'd go to the grocery stores and buy people's groceries. walk down the street and hand out money to people. go into malls and pay for people's purchases.

i'd go thru the phone book and just write down addresses on envelopes and mail people cash. no return address... just a gift of cash in the mail.

i'd throw a huge party for kids who live in poverty and gift them stuff. clothing, toys, new bedding... stuff they'd really enjoy. i know how much my kids love getting new bedding... ;)

and i'd invest the money so i'd be doing all of this off the interest. it would be a gift that would never stop giving :sunny:

I would buy a private island and lay on it all day

the $1.00 I spend on the ticket once in awhile is worth it to just think of all the cool stuff I'd do

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Originally Posted by recycling goddess

that is such bad advice! put it in the bank??? at the lowest interest you can get? much better to put it into mutual funds and make some real money. some fund companies are making 30-50% right now! think of how you could turn that money around and have it make you more money. that's why the rich stay rich... they invest their money and live off the interest!

i would buy some land and build houses for all the people i like there. it would be our own private 'area'. i would own the title of the land but they would be welcome to live their until they die. they couldn't pass it on to their kids or someone else... that way... i am gifting them the gift of a mortgage/rent free life and they could invest that money every month if they wish rather than paying for a mortgage... and i would have the equity in that real estate for my children's future.

i would buy homes for people i care about but don't want to live near... and again, keep it in my name but they get to live there. it would be like their own home... they could do whatever they wished with the house/land.

i would kick a whole bunch of the money to environmental charities, heifer.org, kiva - stuff like that.

i would set up a scholarship fund for homeschoolers who wish to go to college or university but don't have the funds.

i'd custom build my own home with snake rooms... fish tanks as walls... and it would be completely environmental in design. geo-thermal heating and solar energy as well. a huge house that would have everything i need so i don't have to go out if i don't want to. (i'm a hermit at heart).

i'd have a beautiful meditation area... and teaching area for my students as well.

i'd take trips to australia, ireland, india, thailand... i'd do a lot of travelling.

and the most fun thing of all i would do... i would go to the bank and take out about $50,000 all in $100 dollar bills... and then i'd go to the grocery stores and buy people's groceries. walk down the street and hand out money to people. go into malls and pay for people's purchases.

i'd go thru the phone book and just write down addresses on envelopes and mail people cash. no return address... just a gift of cash in the mail.

i'd throw a huge party for kids who live in poverty and gift them stuff. clothing, toys, new bedding... stuff they'd really enjoy. i know how much my kids love getting new bedding... ;)

and i'd invest the money so i'd be doing all of this off the interest. it would be a gift that would never stop giving :sunny:

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:bow: :bow: :bow: :bow: :bow: :bow:

I would give each member of my family a couple mil, set up a trust fund for my son and then give my church and other org. large donations.
Buy my house at Lake Anna and my condo at Ocean City, Md and a place in Breckenridge, Co and a small place in NYC ( that would be for my son so he could catch his NY Rangers games )
Then I would buy my bass boat and hit the national tourney trail bass fishing for a living :)
And I would spend a lot of time as a volunteer where ever needed.

I have watched a lot of those shows on instant lottery winners and all the experts say before you even claim the cash see a lawyer because there are ways to set it up and claim so the taxes don't hit ya so hard.

I play Mega Millions and Tues jackpot is 121 mil. Ahhhh dare to dream

Ill type this up pretending nothing would go to tax's....
1st off, I would move to Scottsdale, AZ (yes, I know, not a big step up for some who just got 100 mil) and open up a whole other facility for Phoenix Herp Soceity. Give alot to different type of charitys. When I got the new house, I would be sure that it was on 5 acres(SP)(i know, not alot) and would build a few facilitys for my snakes. Of course all of my family would see ALOT of it. I would buy another house out in Iowa with alot of land. I would donate to alot of the local volly depts in Iowa. I would deffenlty buy the all time best gun collection and get my dad his own collection. Obviously there would be alot more but I dont know what else.... and the reason for staying in AZ is so that I will still be able to work for the Phoenix Fire Department. Oh, and I would buy a ford f-350 raise the heck out of it and so many more things to it. Wooo

Pay off debts.

Buy a house.

Buy toys.

Help family with what they need...

Breathe and then figure out what to do in the next 10 minutes...

First and foremost....I hope I dont have a heart attack lol......

I would give close members of my family a couple mil, set my parents, sister, and grandparents up with a home with a couple mil laying on there beds for themselves to spend, etc.....

Invest alot of it....

I would definetly give my church and other organizations donations and what knot.....

Now for my own spendings....

My ultimate dream in life (which I hope will be possible in a couple yrs but would be much better if I won the loterry) is too own 10 acres of land, have a huge house with a facility in the back, a rat barn, and a bunch of pens for some sulcatas, savannahs, and tegus.....

Buy my dream car, a ferrari, along with a Nissan Titan.

Buy a ton of ball morphs....

And who knows what else....100 mil is A LOT of money lol

another reason to be a canadian... we don't pay taxes on our lotto winnings! https://ball-pythons.net/gallery/fil...4/7/cheer3.gif

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Originally Posted by Laooda

:bow: :bow: :bow: :bow: :bow: :bow:

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hey... wanna live in my new private cul-de-sac?