You just won the Powerball jackpot..let's say it's 600 million. What do you do with it?

In My Humble Opinion
41

And the rest of the money you just wasted.

42

Work with some Nigerians to get a mailing list. Send $1,000,000 to each of the first 50 responders that give out their SSN and Credit Card numbers.

Publicize the results on all the major news networks. Do the same thing for the next 100 responders after the news breaks.

Enjoy watching the world burn.

43

Eliminate both me and Ms. Cups’ debt.

Pay off all debts and get new houses for our respective parents (wherever they want to live).

Give Ms. Cups the Disney wedding she always wanted

Honeymoon around the world

New house for us somewhere beach-front

Money to my brother and his family

Put the rest away, live incrementally, and as another poster said “live in the sweet calm of financial stability”

44

I’d hire a financial planner, and give him about 60 percent to invest. With the other 40 percent, I’d:

[ol]
[li]Pay off all debt (of course).[/li][li]Get my teeth fixed.[/li][li]Hire a personal trainer and a nutritionist, to get my body squared away, back to my fighting weight.[/li][li]Buy a condo in downtown Sacramento (which I would only occupy for, roughly, 50-60 days a year).[/li][LIST=a]
[li]Season tickets to the Kings for life! (I would not, however, move to Sacramento. I would commute, and stay at the condo for extended home stands)[/li][/ol]
[li]Purchase a WNBA franchise (and maybe an NBADL one, too).[/li][li]Ingratiate myself to Dave Prazak, and become his “money mark” for SHIMMER.[/li][li]Fund a scholarship that would provide full rides to minorities and women pursuing degrees in STEM disciplines.[/li][li]If I could manage it, I’d like to start up a business that made little more than enough to cover its operating costs, and basically existed for the purpose of giving veterans jobs.[/li][li]Hire the owner/admin of my favorite message board away from his current job, and pay him whatever he’s making at his current job, plus 15%, to become the full-time admin of the message board.[/li][li]Hire a hacker to track down a bunch of internet trolls for me, and go all ‘Jay and Silent Bob’ on their asses.[/li][/LIST]

45

Hmm…

  1. lump sum, get financial manager to put 25 % somewhere so safe only the Fall Of Civilization can lose it.

  2. redomicile the bulk of my fortune away from P.R. because I don’t @&$%# trust the Commonwealth not to futz around with my bank accounts. High-six-figure pied-a-terre stateside.

  3. Payoff of all debts of parents and siblings, and student loans of nephews. Trust fund to care for elderly infirm father. Full top to bottom remodel/update of mine and dad’s homes.

  4. donation to scholarship funds of all the schools I went through, and to an inner city arts-education program I am fond of.

  5. Grand Tour of the world’s fine cultural and historic sites, natural wonders and upscale red light districts. That will take me a few years.

  6. DoperCon!! Featuring live Ask The… panels, 1920s-style death rays, the Straw Man costume ball and a quarry to throw things into.

  7. create a news site/webcast dedicated to telling the local political class what putzes they are.

  8. Vanity project, small book/music/comic store coffeeshop just to occupy my days.

And of course lost4life’s female entepreneurs will be in the background all along…

46

[quote=“Reluctant_A, post:44, topic:733113”]

[li]Hire the owner/admin of my favorite message board away from his current job, and pay him whatever he’s making at his current job, plus 15%, to become the full-time admin of the message board.[/li][/QUOTE]

Make that “the guy who does my favourite webcomic” and it sounds like a really good idea.

47
  1. Disappear. :cool:
48

I’ll tell you what I’d do man. Two chicks at the same time man.

49

You win the thread!

And you come in second! :slight_smile:
I think it was Louis CK who did a routine on being the world’s richest man. He said he’d buy up all the pants in the world, and all the textile factories. Then he’d stop making pants.

50

Except for the new house I’m buying (fingers crossed) I don’t have much other debt. I would get a decent sized house probably not too far from where I am now. Maybe across the river into PA. In the country but not too far from civilization. Then I would get a nice house in a warmer climate so I don’t have to live through shitty winters again. I would fix up my mother’s house. She is comfortable where she is so I doubt she’ll move. A nice car or two. A cook to come in a couple of times a week at least. Travel. That’s about it. The rest I can use on hookers and blow.

51

[ol]
[li]Call in rich.[/li][li]Invest.[/li][li]Spend a lot of time at the gym.[/li][li]Donate lavishly to the Foundation Fighting Blindness, American Jewish World Service , and our synagogue.[/li][li]Donate to the local public radio station an amount sufficient to buy out a single pledge drive (it’s that week again around here).[/li][li]Travel (business class–I don’t like to be ostentatious). Rinse. Repeat.[/li][/ol]

52

Pretty solid advice from a post I saw on Reddit.

So the first part of the post talks about how bad off you are, statistically, when accounting for other winners. Increased odds for kidnapping, alcoholism, car accidents, and yes, bankruptcy. Because most people who play the lottery have absolutely no clue what to do with so much money, and therefore have no preparation for utilizing it wisely.

But I’ll skip all that and go to the second part. It is long, but well worth the read:

From here:Reddit - Dive into anything

53

I’m too old for most of the above. I would sell my (paid-off) house and buy a fancy penthouse in Manhattan for $20M and maybe another in the same building for my daughter’s family, save enough so that I can fly in a chartered jet when I travel and put most of the rest into trust funds for my six grandchildren. I would also sell my car and use limousine services whenever I went somewhere the subway wouldn’t take me fast. Also put enough aside for any medical care my wife and I would need.

54

Pay off our debt. Get a nice house, but under 3000 square feet, on a bunch of land somewhere. Stop going to work. Exercise more. Practice drums. Get a 911 Turbo. And for my completely ridiculous thing to do when you have too much money, build a sweet go-kart track.

55
  1. Call accountant pal, get name of a good financial planner. Also retain an attorney.
  2. Have appointment with financial planner to:
    Pay off house of parental units;
    Pay off cars of parental units;
    Set up education funds for nephew, cousin’s kid, and best friend’s kid;
    Buy house for idiot brother so he doesn’t have to live with my parents again;
    Buy nephew a used car when my dad says the kiddo is ready for one (a car is a necessity in FL);
    Give a set amount yearly to the shelters from where I adopted my cats.
    Set up trust fund/whatever for self and family members.
  3. Put chunk of change into bank and set up auto-payments of car loan and utilities. Pay outstanding bills.
  4. Start looking at houses.
  5. Buy house in small, quaint, expensive town in New England, near riding facilities. Buy or build “MIL” space in case my mom wants to move up here.
  6. Buy horsie(s).
  7. In spring, buy convertible (Charcoal grey, probably a Mustang, since I drove one in college and have great memories of them.).
  8. Buy “cabin” in Maine.
  9. Buy sailboat. Just a little one. With a potty, whoops, I mean “head”.
  10. Contemplate continuing to work part-time.
56

With $200 million, you might be able to get new eyes. :stuck_out_tongue:

57

Assuming I end up with an actual 600 million in my proverbial pocket, a quick calculation tells me that assuming I expect to live to 100 years old I can spend about $24,000 a day for the rest of my life and run out when I’m 100. That’s…kind of a lot.

I’ll take 10% of it and set it aside for the paying of financial advisors and/or lawyers which I will need to properly handle the rest, leaving me with 540 million. The 540 mil, I will split into three. One third of it will go into solid investments like government bonds and such, purely for the purpose of making sure I have plenty of fallback money should anything happen to the rest. ‘Overflow’ from this, basically, any profits, will go into the next third:

One third will go into ‘cool’ investments; I’ll basically set aside that 180 million to invest in things I think would be awesome, even if they’re not the greatest investments. This is the funds I would use to buy things like IP that I like and then hire people to make sure it goes well.

The final third gets put into something that will retain value. It doesn’t need to increase in value, it just needs to not lose any. From this third I allow myself to withdraw no more than about $7000 a day, and on this I can easily live the rest of my life. If I want anything that costs more than $7000, I force myself to wait whatever number of days until I have that much cash on hand. This money I spend very liberally, doing whatever I want with it because I actively plan to spend the $7000 daily. After buying things for myself and making sure I have a comfortable place to live with every amenity I want, which would probably involve having a house designed and built exclusively for me and things of that nature, I would throw this money anywhere I want. If I see an artist whose work I like, I might throw money at them, commissioning them for whatever. A game designer has some fun ideas (but doesn’t seem workable enough to buy under ‘cool investment’), throw some money at them. Basically, within my allotted $7000/day budget, I feel free to ‘waste’ my money by purchasing anything I fancy, giving it away to whoever I happen to like, and so on. This is separate from the ‘cool’ investments in that those I still expect to be successful; this spending I don’t care if it’s successful or results in anything, so I’m free to throw it at literally anything I want.

Frankly, even halving those numbers if we’re assuming the $600,000,000 isn’t the final ‘take-home’ amount and would still require taxes and whatnot to be paid on it, would still leave me spending $3500/day, which is way more than comfortable enough, and even halving them again would still be $1750/day, so the basic strategy would remain in place even if the daily amount goes way down.

58

You know all those iOS/Android games that advertise themselves as “free,” but are all player-vs-player and end up with anyone not paying constantly getting stomped by people spending tons of money?

I go and make it very publicly clear I will create an army of accounts, go full pay-to-win, and stomp a mudhole in everyone–so unless you think you can outspend my $600 million, there’s no point in you playing. And then maybe, just maybe, I can kill off the entire crappy pay-to-win free app business model.

OK, that probably wouldn’t actually work. But hey, it’s a fantasy thread, and it’s a lot more fun to think of things like that than “Buy a house and a nicer car.”

59

I would give my longtime employer thirty days notice and then quietly retire without telling anyone about my win.

60

It’s kinda funny, I actually meant you get 600 million as a lump sum itself (no taxes on it…or the taxes were already taken out leaving you with 600 million), but no biggie.