How Would You Spend Your Lottery Winnings?
- Thread starter 2takesfrakes
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I woudn't just buy everybody a house or give them a free ride, however. Houses cost money to maintain and then there is property taxes and utilities -- they have to be able to afford that without me paying that for the rest of their lives.
Plus, you never know how you might fall out with somebody.
You know what to do if you come across and elephant in a jungle, right?
Plus, you never know how you might fall out with somebody.
You know what to do if you come across and elephant in a jungle, right?
If i won 1-10 million it would just be retire, family, travelling, property. More than that I'd possibly invest in modest budget film production, or some other businesses to make things happen.
The thing I'd find interesting given such the chance is there are some charities you could essentially wipeout with a single action. Hospital needs £15K for a new incubator? Click! Air Amblance needs £30K a year to run? Click! Would the fund raisers thank you for doing them out of a job?
Or you could just pledge to match what they raised in a set time - get them to work even harder for their causes.
The thing I'd find interesting given such the chance is there are some charities you could essentially wipeout with a single action. Hospital needs £15K for a new incubator? Click! Air Amblance needs £30K a year to run? Click! Would the fund raisers thank you for doing them out of a job?
Or you could just pledge to match what they raised in a set time - get them to work even harder for their causes.
Millions, you said? I would continue to live responsibly and pretty simply. I would set aside fifty thousand to use for fun stuff, mostly travel (including paying expenses for whoever went with me). I would give my daughter fifty thousand. I would invest a million. And I would give the rest to two of my favorite charities, the American Indian College Fund and the Chordoma Foundation. With a few extra million dollars poured into chordoma research at all once, they might actually come up with a cure! (For info re donating to the CF, see my profile.)
Yes, Charity Navigator is excellent.
Yes, Charity Navigator is excellent.
How many millions are we talking about here?
One or two million, invest it, retire early. Use it so I could do the work that I want instead of work that I need.
Hundreds of millions, a ton would go to charity, like if I could find a charity to cure curable diseases in the third world, or I'd start a scholarship fund for kids who get into good colleges but can't afford them. I figure if I put away ten million I could live on it comfortably for the rest of my life and never have to work again, so that's all I'd really need to keep for myself.
Also I'd put some away for family members with chronic medical conditions.
One or two million, invest it, retire early. Use it so I could do the work that I want instead of work that I need.
Hundreds of millions, a ton would go to charity, like if I could find a charity to cure curable diseases in the third world, or I'd start a scholarship fund for kids who get into good colleges but can't afford them. I figure if I put away ten million I could live on it comfortably for the rest of my life and never have to work again, so that's all I'd really need to keep for myself.
Also I'd put some away for family members with chronic medical conditions.
Hundreds of Millions, as in the largest lotteries. I'd probably give it to sci-fi model makers to produce ship replicas that I would like to see on shelves, rescue aerospace artifacts, contribute to a few kickstarters, folks working on old sailing vessels, fan fim sets in dead malls--and a great private library.
Folks like Masao, Alfred Wong, Shaw and the great blueprint folks would get the largest lumps of money from me so they can quit their day jobs. Help out Brick Price with bills.
Folks like Masao, Alfred Wong, Shaw and the great blueprint folks would get the largest lumps of money from me so they can quit their day jobs. Help out Brick Price with bills.
Exactly. It's made off the backs of degenerate gamblers EVERYWHERE!!!!!
As to the question, I have no idea other than to say I would want to make sure I have enough left over to pay for the service of my body's contribution to artificial coral reef generation when I kick the bucket. I haven't looked that up in quite a while, so maybe it doesn't set you back quite as much anymore.
I'd pay off my student loans and my parents' and my sisters' homes, set up a fund for my niece and nephew's education, and then find some land to play hobby-farmer on. I'd have a simple, rugged house incorporating traditional climate adapations and look for a way to make the lil' homestead profitable by producing something local foodies would go for.
Pay off my own debts, first. Then pay off all my dad's debts and his mortgage, and fund whatever projects he needs to get his house fixed up/prettied up enough so that he can sell it. (He wants to move someplace further south.) Give a percentage to my brother and to my sister and her husband. Set up a college/trust fund for my nephew. Donate a percentage to charity. Once all that's done, I'd invest part of whatever remains, stash another part away as an emergency fund, and then with the rest I'd buy myself a nice house or two in varying locations so I can move back and forth between them (depending on the year), take a vacation around the world, buy whatever junk I've always wanted to buy, etc.
It would of course depend on the amount. I have a range of plans depending on the size of the win. Let's go with single digit millions.
Set up my Dad in his own house so he never has to worry about it again *has his own plce but it's not easy). Significant amounts to wife and kids, so they can make their own way forward. Enough set aside in a stable account to generate a small but dependable income for myself. If enough left, a large house complete with library, writing room and small recording studio. Maybe some for siblings. An amount to a couple of community organisations that helped us out in the bad times (CareFlight, for one). Travel. That's about the right order, I think.
Set up my Dad in his own house so he never has to worry about it again *has his own plce but it's not easy). Significant amounts to wife and kids, so they can make their own way forward. Enough set aside in a stable account to generate a small but dependable income for myself. If enough left, a large house complete with library, writing room and small recording studio. Maybe some for siblings. An amount to a couple of community organisations that helped us out in the bad times (CareFlight, for one). Travel. That's about the right order, I think.
I'd start by rebuilding my savings. I'd secure my retirement, then secure my parents. My mom needs a lot of care, so I'd see to that...
10 mill+?
split it with my immediate family.
buy some close friends a few nice gifts.
do a years worth of traveling trekking through jungles and such.
take 2 million and buy 20 multi family homes.
invest in commercial real estate with whats left + equity on the already purchased properties.
collect the residuals and do whatever else comes to mind.
split it with my immediate family.
buy some close friends a few nice gifts.
do a years worth of traveling trekking through jungles and such.
take 2 million and buy 20 multi family homes.
invest in commercial real estate with whats left + equity on the already purchased properties.
collect the residuals and do whatever else comes to mind.
Where the heck is this? If you got a 2 bedroom house in my city for 500,000 you'd be ecstatic.
1. Buy and renovate an older home in a historic neighborhood. Renovation would include an addition to the back of the home that would include a large room for a model railroad.
2. Purchase a shop/warehouse and start a collection of classic collector cars.
3. Make a significant donation to Phoenix Children's Hospital.
4. Large donation for the Trustees for my church.
5. Furnish my new home.
6. College funds for all the children in my extended family.
7. Purchase one or two year old truck to go along with my car.
8. Enough in mutual funds that I can live off of 8% of the income for the rest of my life.
2. Purchase a shop/warehouse and start a collection of classic collector cars.
3. Make a significant donation to Phoenix Children's Hospital.
4. Large donation for the Trustees for my church.
5. Furnish my new home.
6. College funds for all the children in my extended family.
7. Purchase one or two year old truck to go along with my car.
8. Enough in mutual funds that I can live off of 8% of the income for the rest of my life.
You could easily get 20 three bedroom houses for 2 million in Queenstown, Tasmania and still have a nice sum of money left over. Not sure that the weather would suit you.
http://www.realestate.com.au/buy/in-queenstown,+tas+7467/list-1
There isn't much work since the mine closed down.
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