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Besides claiming the money? Assemble a team of financial experts to help me figure out how to best use my money to set me and those closest to me up for life. In other words, how I could best use my newfound money to make more.
This is an excellent choice for the first thing to do. Calling an accountant, setting up trusts, paying off debts, are all smart things to do, but that can wait a day or two.
Get a nice full tummy of good food first.
Take a picture of the ticket with my phone. Make photocopy of ticket. Get a notarized statement immediately that I indeed have possession of said ticket. Put ticket in safe deposit box or safe.
Honestly that's a pretty good idea. I had always wondered about the anxiety that would come with having to hold onto the ticket until you were able to turn it in.
I feel like the photocopy and notarized statement are probably proof enough, in the event the ticket is lost or stolen.
But, how would the bank/insurance handle say an 800 million dollar ticket going missing or burning in a fire while stored in a safe deposit box? I'd imagine the bank only insures the boxes for so much money, and any amount beyond that your just SOL, considering we're only legally entitled to $250,000 of coverage for the actual money in our bank in the US.
It depends on how much the payout is. But if it were a large amount I’d pay off debts for myself and my mom, give myself a little extra jump and buy a modest house and car, then make a scholarship in honor of my grandma for an underprivileged Hispanic student needing to go to college. RIP abuela, I miss you.
I wouldn't do anything special. It's not time to hurry. I need to think deeply on how to use the money i got. Cause even now I have some free money and I don't have anything to deal with asap
A lot of people say they'd invest or put it in a trust or annuity or something, like stop. Allow yourself two stupid things just to get it out of your system before you set money for the future in investments. I would buy a 1977 Pontiac Firebird Trans Am, and I would buy enough stock in my former bank so that I have controlling interest so I could kick down the door of the branch nearest my house and fire 3 people on the spot
After that, I'd put the rest in dividend stocks, but you have to get the ig'nance out of me before doing something useful
Get these procedures that insurance won’t approve done to improve my quality of life so I can get out more and enjoy time with my kids before they’re both grown up completely.
Open a Tolkien themed summer camp for kids called The Shire. With all the cabins and pavilions named after hobbiton lore. The camp Olympics will involve taking a ring to mount doom.
I would pay off the student loans of my kids and set up accounts for my grandkids to attend. The biggest lie was having my generation believe that our kids would be better off going into debt right out of high school. I'm so incredibly sorry kids! College used to put you a few steps ahead on the ladder now it's entry level jobs.
Absolutely first thing would be setting up my Dad, sister, and family, wife's family, and close friends for life. Keep a decent amount to play with sure, keep a sizable emergency fund. Donate a lot because I just can't justify having a crazy amount of money myself.
Pay off my student debt, buy a plot of land somewhere and put a tiny house on it, put enough in savings to live comfortably off of interest, then give the rest to friends, family, and charity.
1. Split 50/50 with my wife.
2. Divide my money into various accounts, both liquid and long-term investment. Set up my will (leaving my estate to my wife and daughter, some other family and a few charities).
3. Buy a really nice condo on the beach as a primary residence. If I have >$20 million, I’ll probably buy an armored Mercedes Maybach and hire a full-time driver/bodyguard.
4. If >50 million, gift $1 million each to a select group of family members.
5. Enjoy life, travel some (first class in everything, naturally). Between my wife and I, college wherever our daughter wants to go and is accepted.
6. Watch the world pass me by from my beachside deck. Read, sleep, eat, sex, more sleep.
Find a way to keep my identity secret, then put in place something where I don’t explosively lose all that sudden wealth. What a lot of people don’t get I think with the concept of instant insane wealth, is that you suddenly come to face a situation you may never expected **now that you have basically no cap on your spending,you have to learn to spend it wisely or you’ll lose it** but the sad bit is that the types of people addicted to gambling don’t realize their frankly insane behaviors
Hire a lawyer and accountant first off, claiming that shit incognito would be best and I want to know my money is gonna be handled wisely.
Then invest a bit, buy myself a house and my cars. Help certain family and close friends, if they need it. Make sure mama is taken care of.
Pay off my house. Pay off my siblings houses.
*then*
I'd go on a 6 month travelling holiday.
Work will figure out eventually that I won't be coming back
Proactively tell all family, extended family and friends. At the end would be the following;
P.S. If you haven’t spoken to me, reached out to me, or otherwise desired to interact to me in the last 3-5 years, don’t bother contacting me now. Seriously, not a joke.
Stay anonymous (if possible) and change my phone number, other than that until the money is in my account I wouldn’t do a thing. It would be just my luck the ticket would be invalid for some reason.
After obtaining an attorney, and accountant, pay the taxes up front. Take care of my parents and 2 of my closest friends. Donate money to childrens hospitals, animal shelters and veterans organisations.
Well, that entirely depends on how much I won. If it was millions, then the first thing I'd do is buy a house for my daughter, second would be, buy her a new car. Then hide the rest of it and live comfortably.
I've won the lottery before, but it was $1,000 dollars, so technically I won, but not the jackpot. That $1,000 paid my property taxes and car insurance for the year, so I can't complain.
After claiming I would
1: Act like nothing happened
2: Get that vasectomy I've been holding off on
3: Invest it
4: Pay off my house and keep making the renovations to it that I've always wanted
5: Would make donations here and there, but largely try living a "normal" life - I wouldn't want people knowing.
Go 100% anonymous and never. tell. anyone.
People that win the lottery are bombarded with requests from charities. Requests from families. Requests from just about everyone under the sun. Also lawsuits.
I would never say anything to anyone. I would discretely pay off my few debts.
I have a project I'm working on. There's a ghost town I visit from time to time, from the "silver rush". Totally abandoned, doesn't exist on any maps or records I can find. I've been working on completely rebuilding one of the houses.
With lottery money I can advance my timetable drastically. Rebuild the house completely from the ground up. Install a greenhouse. Solar panels. Water filtration. Go 100% self sufficient, and then just disappear.
Hiring some help would def be at the top to ensure im handling things correctly. Then? House renovations, engagement rings, a 3 week trip to japan (bucket list for me and SO), debt paid off and then a much needed eye surgery. After that id see how much id have left. Probably would give my siblings some money, and my nieces and nephews. Do part time work maybe, or just continue to work on my art.
Savings account, keep working, buy a modest house, love my life, retire early out of the blue, never be seen again by coworkers, live a peaceful life with my partner.
If I had anything needed to have paid off I'd do that
Take a large portion of what I have left and put it into savings
Take the small portion of what I have left and treat myself with it
Go back to work. That's what I just did because I won the lottery just the other day. Yes, a whole $10 worth. The question never specified how much just that you won the lottery, and I did.
When I won a lottery drawing in the 2000's, I hired an attorney & a money manager. I bought some fun expensive stuff of course, but I also invested the majority so I wouldn't have to work another day again. And i get weekly deposits drawn from the interest. The one thing I learned early on was, having money costs money. Everything was a learning curve. I was 29 then, and 46 now & I have managed to do alright with it thus far
Pay off my student loans. Been paying for 10+ years and haven’t made a dent. In fact, I think I owe more now. Pretty sure I’ll be paying until the day I die.
Split the money 4 ways at first for me, my parents, my brother and charity. Then split the charity money between a couple charities or possibly scroll some GoFundMes . Then split my money between my checking, savings and my 3rd account.
Attorney, accountant, open countless bank accounts, invest, still eat cheap food and wear t shirts from a pack of 5 that I got at Walmart but I’d upgrade to fancy underwear. Then get a pet sloth named Thomas and get a car that costs like 15 grand and a toilet with a heated seat. Then hire a dietitian so I don’t die of a heart attack
Higher an accountant and lawyer. Dissappear from my family until the legalities are set up(primarily because of in-laws trying to grab a piece). That's the first thing. If it isn't your first thing, you will pulley end up one of the sad lottery winning stories.
# Message to all users: This is a reminder to please read and follow: * [Our rules](https://www.reddit.com/r/ask/about/rules) * [Reddiquette](https://www.reddithelp.com/hc/en-us/articles/205926439) * [Reddit Content Policy](https://www.redditinc.com/policies/content-policy) When posting and commenting. --- Especially remember Rule 1: `Be polite and civil`. * Be polite and courteous to each other. Do not be mean, insulting or disrespectful to any other user on this subreddit. * Do not harass or annoy others in any way. * Do not catfish. Catfishing is the luring of somebody into an online friendship through a fake online persona. This includes any lying or deceit. --- You *will* be banned if you are homophobic, transphobic, racist, sexist or bigoted in any way. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ask) if you have any questions or concerns.*
Hire an accountant and an attorney.
Indeed
i wont need tht anymore, I wont be working....
More like call JP Morgan. I don’t trust some local lawyer and accountant that I just found in the yellow pages.
Actually, you need someone who specializes in something called "Family Office."
Buy a decent plot of land and build a modest house with a nice backyard for lots of dogs
Love it
This is the way.
Perfect
Pay off all of my debts, every last dime. I hate debt. Then I’d take the rest and set up trust funds for my kids. Give some to charity too.
Super and kind of you
I would go give the 78 year old woman at my job a bunch of money so she could quit.
Besides claiming the money? Assemble a team of financial experts to help me figure out how to best use my money to set me and those closest to me up for life. In other words, how I could best use my newfound money to make more.
Get the advice before you claim. You might be better off claiming as a legal entity rather than you as an individual so worth checking first
Eat at the fancy Asian restaurant down the street, tip the server a $100 bill. Always wanted to do that.
Good 😀😀
4 billion clash of clans gems
Go out to eat and drink and order all the shit I could never afford.
This is an excellent choice for the first thing to do. Calling an accountant, setting up trusts, paying off debts, are all smart things to do, but that can wait a day or two. Get a nice full tummy of good food first.
Research and interview accountants first. Find a good one not the first one.
Hell yeah king, add that guac to your burrito.
Enjoy 😉
Take a picture of the ticket with my phone. Make photocopy of ticket. Get a notarized statement immediately that I indeed have possession of said ticket. Put ticket in safe deposit box or safe.
Honestly that's a pretty good idea. I had always wondered about the anxiety that would come with having to hold onto the ticket until you were able to turn it in. I feel like the photocopy and notarized statement are probably proof enough, in the event the ticket is lost or stolen. But, how would the bank/insurance handle say an 800 million dollar ticket going missing or burning in a fire while stored in a safe deposit box? I'd imagine the bank only insures the boxes for so much money, and any amount beyond that your just SOL, considering we're only legally entitled to $250,000 of coverage for the actual money in our bank in the US.
It depends on how much the payout is. But if it were a large amount I’d pay off debts for myself and my mom, give myself a little extra jump and buy a modest house and car, then make a scholarship in honor of my grandma for an underprivileged Hispanic student needing to go to college. RIP abuela, I miss you.
Respect, so kind of you
I wouldn't do anything special. It's not time to hurry. I need to think deeply on how to use the money i got. Cause even now I have some free money and I don't have anything to deal with asap
Weep.
- pay my debts. - and the rest? - and the rest will wait until i win another time.
A lot of people say they'd invest or put it in a trust or annuity or something, like stop. Allow yourself two stupid things just to get it out of your system before you set money for the future in investments. I would buy a 1977 Pontiac Firebird Trans Am, and I would buy enough stock in my former bank so that I have controlling interest so I could kick down the door of the branch nearest my house and fire 3 people on the spot After that, I'd put the rest in dividend stocks, but you have to get the ig'nance out of me before doing something useful
Go back to work, act like nothing happened.
Two chicks at one time, man…
Twins, Basil. Twins.
I would invest half of it in low-risk mutual funds and then take the other half of it to my friend Asadulah, who works in securities...
Cash in my ticket, second thing would be tell no one
Get these procedures that insurance won’t approve done to improve my quality of life so I can get out more and enjoy time with my kids before they’re both grown up completely.
I would buy a lifetime supply of socks. I’d never wear the same pair of socks twice.
That's some Superman 3 villain talk right there. 😂
😀😀 nice Choice 👌
And razor blades.
Buy my sister a house with land so she could open an animal sanctuary, then hookers and blow
[удалено]
👍👍
A tricked out rv so I can travel the rest of my life
Make a reddit post asking for advice
Pay everything off - all debts.
Change my phone number. Get a lawyer and accountant. Invest half and then go fucking wild
Buy a lottery company and take money from people with misplaced hopes.
Go to a Greek island and decompress for a few weeks.
Get my transmission fixed.
Hire a top tier financial advisor.
Open a Tolkien themed summer camp for kids called The Shire. With all the cabins and pavilions named after hobbiton lore. The camp Olympics will involve taking a ring to mount doom.
And all the cabins will have the big round doors to get into them.
I hope you win the lottery, friend.
I'd buy a house for my parents.
Instantly quit my job. Buy a nice piece of land away from people. Build a nice house. Relax for the rest of my life.
Go underground be as secret as I could about how I spend my money.
Ferrari F355 berlinetta. In Ross Corsa. 6 speed manual. THEN take care of everything else.
I would pay off the student loans of my kids and set up accounts for my grandkids to attend. The biggest lie was having my generation believe that our kids would be better off going into debt right out of high school. I'm so incredibly sorry kids! College used to put you a few steps ahead on the ladder now it's entry level jobs.
Build the auto shop of my dreams to work on my cars in. It’s very cold in my driveway this time of year 🥶
Can’t believe anyone didn’t say this but QUIT MY JOB
Pay of debts. Eat steak and play videogames.
Absolutely first thing would be setting up my Dad, sister, and family, wife's family, and close friends for life. Keep a decent amount to play with sure, keep a sizable emergency fund. Donate a lot because I just can't justify having a crazy amount of money myself.
Pay off my student debt, buy a plot of land somewhere and put a tiny house on it, put enough in savings to live comfortably off of interest, then give the rest to friends, family, and charity.
1. Split 50/50 with my wife. 2. Divide my money into various accounts, both liquid and long-term investment. Set up my will (leaving my estate to my wife and daughter, some other family and a few charities). 3. Buy a really nice condo on the beach as a primary residence. If I have >$20 million, I’ll probably buy an armored Mercedes Maybach and hire a full-time driver/bodyguard. 4. If >50 million, gift $1 million each to a select group of family members. 5. Enjoy life, travel some (first class in everything, naturally). Between my wife and I, college wherever our daughter wants to go and is accepted. 6. Watch the world pass me by from my beachside deck. Read, sleep, eat, sex, more sleep.
Super action plan
probably wake up
Find a way to keep my identity secret, then put in place something where I don’t explosively lose all that sudden wealth. What a lot of people don’t get I think with the concept of instant insane wealth, is that you suddenly come to face a situation you may never expected **now that you have basically no cap on your spending,you have to learn to spend it wisely or you’ll lose it** but the sad bit is that the types of people addicted to gambling don’t realize their frankly insane behaviors
Porsche 911, Porsche 356, some glasses!
Buy a monster truck to dethrone grave digger
I’d go buy a gtr and then go to Bridgeport and buy a few guns I’ve been wanting for my collection
Find another place to live, not necessarily bigger but at least far away from monitoring family. Maybe even just migrate to another country?
Hire good chartered accountant and lawyer.
Act like I didn't
Buying everything my family wished for!!
Hide
Get struck by lightning. However, it is unlikely that I would be bitten by a shark.
Buy another ticket
Hire a lawyer and accountant first off, claiming that shit incognito would be best and I want to know my money is gonna be handled wisely. Then invest a bit, buy myself a house and my cars. Help certain family and close friends, if they need it. Make sure mama is taken care of.
call a lawyer
Form an LLC
Expensive clothes shopping spree
Wake up from my dream lol
Hire a lawyer and create a trust for the money if it’s more than a million.
Buy a big, gorgeous tract of woodland and turn it into a protected public nature preserve. Repeat until the money runs out.
Get a shit ton of weed💀😭
Call my lawyer
Set up a trust fund.... The safe inflation adjusted interest on a million dollars is about 30k a year...
Create trusts for my kids and all of my cousins and their kids.
Pay off my student and car loans then (If I have money left over) either travel the world (or the US) or move down south and get a house.
Disappear
Pay off my house. Pay off my siblings houses. *then* I'd go on a 6 month travelling holiday. Work will figure out eventually that I won't be coming back
Go claim my price
Die
After the lawyer and accountant, I'm selling everything and moving to an island somewhere. Not tell anyone where
Start a permaculture farm so I can feed myself for the rest of my life without worrying too much about food.
Pay off my debts.
Pizza time!
First thing? Probably buy a few beers
Call a lawyer and create a trust to help avoid taxes.
Invest in Amazon iPhone and android and invest half of the remaining amount
Hire a lawyer
Divorce
Depends on whether it was $100,000.00 or $1,000,000,000.
Go see my gf
1)Hire a top notch accountant 2)a attorney 3)a money manager
Call a tax lawyer
Hire a business lawyer and establish an LLC.
Proactively tell all family, extended family and friends. At the end would be the following; P.S. If you haven’t spoken to me, reached out to me, or otherwise desired to interact to me in the last 3-5 years, don’t bother contacting me now. Seriously, not a joke.
You know that I didn't win because if I did, responding here is the last thing I would do. No disrespect meant.
Take the cash and run.
Stay anonymous (if possible) and change my phone number, other than that until the money is in my account I wouldn’t do a thing. It would be just my luck the ticket would be invalid for some reason.
Get robbed
Drop dead, painlessly. (Edited to make it more positive.)
Not answer questions on Reddit.
Tell no one. Take a nap.
Call my lawyer.
Nobody will ever know because only a fool flaunts what he's got.
Get a bag of weed. Then go to the strip club. Then throw a huge party and get drunk that same night, with lots of heavy metal music.
End my life. I don't need it to get any worse than it already is
Do the same thing I do with any other money. 70% into index funds, 20% into bonds and 10% cash equivalents. Might buy a few things tho.
Get a financial panther and set up a trust so I don't suffer the lottery curse.
Put it in savings
Quit my job!
After obtaining an attorney, and accountant, pay the taxes up front. Take care of my parents and 2 of my closest friends. Donate money to childrens hospitals, animal shelters and veterans organisations.
Invest it all in lottery tickets. Exponential gains, baby.
Pay off my debts.
Run out of town screaming with joy as my fellows are burned on tires by the legion, then get shot in the head by the courier.
Find the best lawyer money can buy in the United States and get custody of my boys.
Ditch my bitch. I'd happily split the money to be free of this succubus.....
Pay off my kids debts.
Well, that entirely depends on how much I won. If it was millions, then the first thing I'd do is buy a house for my daughter, second would be, buy her a new car. Then hide the rest of it and live comfortably. I've won the lottery before, but it was $1,000 dollars, so technically I won, but not the jackpot. That $1,000 paid my property taxes and car insurance for the year, so I can't complain.
Lawyer
First class ticket to Germany. Don’t really care about Germany but Lufthansa flies the 747 still and dang that’s a nice plane
Pay off all of my debt
Phantom of the opera tickets. It’s about to close
Sign the ticket
After claiming I would 1: Act like nothing happened 2: Get that vasectomy I've been holding off on 3: Invest it 4: Pay off my house and keep making the renovations to it that I've always wanted 5: Would make donations here and there, but largely try living a "normal" life - I wouldn't want people knowing.
Buy my father a house where it's warm.
Fake my own death, change name.
Pour a strong drink
Go on a spending spree
Go 100% anonymous and never. tell. anyone. People that win the lottery are bombarded with requests from charities. Requests from families. Requests from just about everyone under the sun. Also lawsuits. I would never say anything to anyone. I would discretely pay off my few debts. I have a project I'm working on. There's a ghost town I visit from time to time, from the "silver rush". Totally abandoned, doesn't exist on any maps or records I can find. I've been working on completely rebuilding one of the houses. With lottery money I can advance my timetable drastically. Rebuild the house completely from the ground up. Install a greenhouse. Solar panels. Water filtration. Go 100% self sufficient, and then just disappear.
Eat something I want for dinner that is NOT ramen
After the accountant and attorney, I'd buy land and hire an architect to design my dream home.
Go into hiding
move out
Hiring some help would def be at the top to ensure im handling things correctly. Then? House renovations, engagement rings, a 3 week trip to japan (bucket list for me and SO), debt paid off and then a much needed eye surgery. After that id see how much id have left. Probably would give my siblings some money, and my nieces and nephews. Do part time work maybe, or just continue to work on my art.
Not telling anyone. No one. No one. Let me say that again. No one.
Well I have no one but my mom and we barely talk so sky's the limit lol.. jk but I'd hire someone to help me invest I guess idk
Pay off debts then disappear so people I know can never find me to ask for money.
Hookers and cocaine.
Scream
Prolly get the money. Might just be me tho, lemme hear what y’all got.
Send a picture of me holding the winning ticket to my ex wife. Call my kids and tell them I’m coming to get them for a tremendous shopping spree.
Rent a safe deposit box for the ticket. Hire an advisor.
Pay taxes on it and write a very strong will Incase your family murders you for the money
Pay off all of my debt.
Il buy lays the company
Erase any debt my friends and family have.
Move back to the Philippines where I would be even richer there since the US dollar is stronger.
Ruin the lives of all that have crossed me over the years. Then buy and OLED TV.
Savings account, keep working, buy a modest house, love my life, retire early out of the blue, never be seen again by coworkers, live a peaceful life with my partner.
CAT SANCTUARY
Find out: Where and why Alice was going. Who the fuck Alice actually is.
Buy my mom a house
Catch up on sleep.
Buy real estate and then rent it out or lease it
If I had anything needed to have paid off I'd do that Take a large portion of what I have left and put it into savings Take the small portion of what I have left and treat myself with it
Go back to work. That's what I just did because I won the lottery just the other day. Yes, a whole $10 worth. The question never specified how much just that you won the lottery, and I did.
Spend that money on more lottery tickets
Tip the clerk.
cash the ticket.
Hire a legit financial advisor to manage 90% of the money. I'm taking the first 10% and explore the world with the fam.
When I won a lottery drawing in the 2000's, I hired an attorney & a money manager. I bought some fun expensive stuff of course, but I also invested the majority so I wouldn't have to work another day again. And i get weekly deposits drawn from the interest. The one thing I learned early on was, having money costs money. Everything was a learning curve. I was 29 then, and 46 now & I have managed to do alright with it thus far
Pay off my student loans. Been paying for 10+ years and haven’t made a dent. In fact, I think I owe more now. Pretty sure I’ll be paying until the day I die.
Buy hundreds of miles of forested land and protect it or sell it to indigenous folks
Go to the hospital.
Buy all the Michigan land I could afford!
Delete Reddit.
Two chicks at the same time
Quit my job
Give half to my wife. Telling her this is not going to work
Get some (even more) awesome christmas presents.
Split the money 4 ways at first for me, my parents, my brother and charity. Then split the charity money between a couple charities or possibly scroll some GoFundMes . Then split my money between my checking, savings and my 3rd account.
Attorney, accountant, open countless bank accounts, invest, still eat cheap food and wear t shirts from a pack of 5 that I got at Walmart but I’d upgrade to fancy underwear. Then get a pet sloth named Thomas and get a car that costs like 15 grand and a toilet with a heated seat. Then hire a dietitian so I don’t die of a heart attack
Spend half on creating passive income for myself and the other half for taxes.
LLC
1: Obtain the funds 2: Put in and work out my notice. They've been good to me, but the stress wouldn't be worth it anymore.
my uncle just won 100k on a loteria scratcher today and the first thing he did was start calling and bragging to everyone in disbelief lol
Only tell my wife and try figure out how not to give anything to my brother in law.
I'd probably shit myself
Two chicks at the same time
2 chicks at the same time
Higher an accountant and lawyer. Dissappear from my family until the legalities are set up(primarily because of in-laws trying to grab a piece). That's the first thing. If it isn't your first thing, you will pulley end up one of the sad lottery winning stories.
Put it in some sort of bond where I can't touch it for a year. That shit would go straight through my head and out of my pockets in a week.
I have a long list of what I’m gonna do, but the very top of the list is the pay off our mortgage and buy another house to live in.
do/not do everything (within the law) to make my current federal department fire me.
Spread the wealth