Haha, this is why people who do win a lottery usually end up just as poor or more so afterwards. Most of what I read so far is what you guys would buy. I would take it, pay off my college debt and invest the rest. I would not change my life style now, buy anything different, it would all go into different investments. A IRA, buy some stocks, money market fund, and I would take that 1 mil and turn it into several hundred mil in no time. Once I had that much and was wealthy enough that money was not an issue, then maybe I would buy myself something nice, but only as long as it would not put me in debt again.
Hmmm...just a mil? I would refurnish and upgrade my home theater/gaming and then invest for retirement. Now if it was 10 mil, I think I would have enough left after the Gov takes it's bite that I might retire now.
first pay off all my debts... (buy)
And pay off my mother's debts. (give)
invest $250k If it happenned today.. Automobile stocks... They can't do anything but go UP, Photovoltaic manufacturers and wind turbines and companies that manufacture the high voltage lines...
Oh a 20k bar tab... of course.... one night of drinks on me (give)
ANd then , what is left, a decent car for me and my wife and a nice little farm.. 20 acres in middle of nowhere. Start a wholesale nursery
Oh start a trust fund for our kids....
and maybe choose a past friend and bail them out financially.. just for karma's sake
and just for fun, mount a small jet turbine to the roof of an old VistaCrusier stationwagon to mess with the semidrivers at 3 am... Did I mention I am a littel twisted?
Permalink Reply by Dan on November 4, 2009 at 7:45am
Give a lot of it away to good causes and charities, pay off my home, invest the rest. There are still a lot of good and very profitable markets out there.
actually about 650,000 after all u.s. taxes. bank it. even in this economy most likely get 5% locked interest rate. 32,500 is not a bad supplemental income every year. no stock market, ira's, etc......... all of that is what caused our financial meltdown in the first place.
Permalink Reply by Dan on November 4, 2009 at 8:07am
Actually it's Marketeering by a few rouges that caused it. Without investing in Markets we have no economy and will be far worse off then if we didn't. Legitimate business and market need investment to survive and grow. So, like anything else, dont punish them all because of a few assh*les.
Well, new furniture and flooring would be nice. I would definitely have my own Mac, and a computer running Linux. My Windows computers would upgraded to Windows 7 and have updated software (or the latest version of operating systems and programs). I would give some it to charity. And save the rest of it.
I'd pay off my kids houses.
Give 'em some $$$ for my grandkid's college education.
Invest? At .5 % ? I ain't gonna live that long!
I'll buy a few shiny suits and some pointy shoes.
Buy a one-way ticket to Vegas, rent me a big black Town Car with a driver.
Then take Willy Nelson's advice and find a 35 year-old Keno waitress that can suck the chrome off a trailer hitch.
Keep the change sugar!
I will create a website called: What will you do with $5000. Then give the users $5000 and tell them to talk about what they will do with it. The earn lots of money out of press and ads