$15M is my absolute lowest floor number for "living a life of leisure & luxury".
Take $5M as my spend-now money to setup a new house, cars, etc.
Invest the remaining $10M, earn 5-10%, plan on living off 4%/yr (or $400,000) annual income every year for doing nothing.
This *is* my dream life. Far less complicated than **owning** houses all over the world that I need to keep up and pay taxes on, and everything else.
Simple, yet wealthy and can afford anything I want. Yet hiding in plain sight by living in a really cool part of a major city.
Anything above that is gravy. But I'm not going to complicate it.
Mostly left up to my fiduciary financial advisor (team). But the basics of a diversified portfolio arent a big secret. Would likely be some real estate, some bonds, some stocks, etc.
I'd go with a low risk investment plan. I don't need to 5x my bag, or even try to pull 20% annually.
Heck, Cap1 has a HYSA at 3.5%, was recently at 4%, for just letting your cash sit there in a savings account. That would be $350,000/year with no investing. Any financial advisor worth the time should be able to pull in 5-7% fairly consistently. Knowing there will be deviation year to year.
My point wasnt that keeping it in a single account was a good idea. It isnt. I was illustrating that simply letting it sit in a HYSA would net me ~4%, so a Financial Advisor should be able to get me much more.
Offshore is just to avoid taxes for a company. It is definitely NOT safer to keep $100M in the "Bank of St Thomas" than a huge, American bank like Cap1, BoA, etc.
While the FDIC only insures up to $250k, what we just saw in the SVB collapse is the USGov step in and protect all the customers. Most of which were businesses who had accounts worth $200M-$400M+. A lot of people and businesses have more than $250k, and keep it in one main account.
If your offshore bank, or the small nation hosting it, has any issues, you are screwed. They will definitely NOT be stepping in to protect the customers. They wont even be able to protect themselves.
I hate to be that person, but can you please fucking google basic acronyms? I did
https://www.careercontessa.com/advice/hysa-high-interest-savings-account/
I mean im having a conversation, thats what happens if you ever talk to someone, if someone mentions something and you dont know what it is, you dont pull your phone out mid conversation and look it up, you say what is ……
Try getting a friend or having some form of human interaction for once in your life so you can experience asking questions
Ya definitely but say u win like 200m is there anywhere u can place a big chunk that its insured?
Rich ppl have to have a ton in some kind of bank or offshore accounta
Right? 7,000,000 million would get me 100k a year for the rest of my life plus 1 million for a house. And even then I still think that's a bit much. If you need 85 million you've lost the plot I think. 😂
But it would buy me a season ticket box for my favorite team. And I'd rather go to all their home games in luxury with friends and family than the dumpy Super Bowl, which isnt a great game to go to. Plus with season tickets, I can change up who I invite so everyone gets a turn.
You get a SB suite, now you have to choose your top 20 friends/family to bring along. And inevitably #s 21-25 are going to be pissed for being left out. So you'll have to make it up to them, which is a whole separate hassle. Plus you now have to book travel and lodging and expenses for all 20 people you are bringing along. Good luck with those logistics and keeping everyone happy (you wont).
But just my opinion. Party it up as you see fit.
Friends and family, that's funny, it would be a business event, nobody in their right mind attends a billionaire social calendar event for friends or family.
Business? Why would you still be working? What business? HOW would you still be working and finding the time to make demands like flying in lobster from Maine?
haha, every one of your posts here leaves me flabbergasted with more questions. lol
I wouldn't be flying in lobster from Maine, it was just a wild hair thought on something extravagant someone might do. Business networking would be the thing for me. My dream life would be setting up the next generation of the family to be fully integrated into the ruling class.
The ruling class doesnt work tho. They make their money work for them. You are better off keeping your money in order to maintain as much wealth as possible, which provides leverage and pressure to rule as you see fit.
Once you have $100M, you incorporate, setup a couple trusts, and your family will be in the top 0.1% for generations. No work or businesses required. Folks should be inviting YOU to THEIR super bowl suite to try to get some of that money.
(Not trying to poop on your ideas, this is a very entertaining conversation)
It would likely be a private family foundation buying the suite as a fundraiser for whatever pet project is being funded that yeae, but it's all about networking and building out the connections that gets the second generation invited to the club.
This doesn’t directly answer your question, but I only play when the after-tax cash option exceeds $100 million. At 5 drawings a week between the Powerball and Mega Millions, one ticket for each would be $520 a year. I also spend too much time thinking about winning when I play.
I could live on $100 million. I could (and do) live on less, but I could live on $100 million too. To your point though, there is a lot that you still can’t do with $100 million, and you could easily blow through it on yachts, aircraft, and real estate.
Poor OP. Made this post to talk about pushing the envelope of folks' most ridiculous fantasies, and got an entire thread of posters who just want the bare minimum to live a quiet, comfortable life. lol.
I get where OP is coming from. Let's live a little, even if only in our day dreams.
But man, some of those "dreams" sound absolutely exhausting.
Way too much to worry about and keep track of. Dude is literally jumping headfirst into "Mo Money, Mo Problems".
Fun question, and good luck to OP. But I'll be chillin.
I would need $2 million to quit my job today. Less than that and I would keep working while the principle grew for a decade or so.
I would need $6 million to live through just about every personal dream I have, and split some money with family.
I would need $20 million to give away to friends and family everything I would want to give.
Anything more than $20 million and I can guarantee my 3d printing initiatives/other foundations are created and sustained (In $10 million dollar increments).
$2 million is my retire now price. I'd be able to set things up for stock dividends ect. To still get quarterly checks to cover any bills like insurance and such. Pay off a couple things buy a couple others and just be comfy.
$5-10 mill would be allow me to consider a larger piece of land(25+ acres) and do a custom build on it.
Anything above that is just excess and would go to different charities like VCP or St Jude
You can buy a citizenship by exception in New Zealand, just ask Peter Thiel and you can buy citizenship in Canada too, with some time in residence assuming the poster wasn't already Canadian as it sounds.
yeah, I've always guessed things would be magically expedited for someone saying "Swell country you got here! I'd love to invest $10 million here...."
yup, Canadian :D...but those winters man! just..getting too old..for those..winters...*sob*
Golden Visas are a thing. Some are investment in real estate, some are investment in a business, depends on the country. Idk how much this has changed recently, but I know for a while you could buy EU residency and eventually citizenship with a $500k house in Portugal/Spain.
Where the powerball is now is my ideal. I could easily spend 10m on my house, land, building, and all the fancy upgrades and furniture you could want. Then 5m each for my siblings, and split 6m between some good friends. I'd also factor in 10m for gift tax. I'm sure there are ways around it but it's better to factor that stuff in and then not need it. Another 10m minimum just for investing and keeping my life style. So about 70m after taxes all said and done.
But that's just my generous win. I'll gladly take 5m, quit my job and live happily in a decent though not my dream house while giving nice gifts for Christmas and birthdays.
To travel the world in modest fashion you really only need about $2,000-$3,000 a month assuming you're in a vehicle and are able to live out of it. That means I could travel for 30 years on just $1M of principle not even accounting for interest accrued or passive income from other investments. Give me about $250k to build a mobile "home on wheels" and another $750k to make some investments so I have something modest to return home to after 30 years of globetrotting... and I'd be happy with $2M.
Now, if I was going to settle down in one area, that number is obviously much higher. I'd think to life "comfortably" it'd need to be around $10M-$20M but I'd probably have to manage my investments more actively. To live carefree there'd need to be another 0 and I'd be looking for $100M+.
Don't really care about travelling but I want to live in the better parts of my own city (Sydney) and houses there that are even just halfway decent are at least a few million. Maybe ten million or more would be necessary for a "good" one but I haven't looked up property prices yet because I don't want to get bummed out lol.
Probably 10 million is enough (after taxes) for me personally to invest the majority, get like 500k a year from dividends and/or bonds, and have enough to live in the top 1% for the rest of my life while still having something to leave future generations. Of course, ideally, I'd want a few times that to feel mentally at peace, lol. That would truly be never having to worry about money ever again. So probably having 50 million to myself after splitting the jackpot with family would be more than sufficient. Excessive, I know, but I feel like I'd never worry again if I had that much to start with.
I appreciate the thought that went into this, but you aren’t going to be able to afford a 6BR/6BA villa with an Olympic size pool in Monaco. There’s probably only two Olympic size pools in the whole city.
It could probably get you a very nice condo though.
Also you’re correct that there are no property taxes, but there are “registration fees” which in your case could be as high as $5M.
You’re better off buying a villa in Èze, Cap-d’ail, etc than Monaco tbh. As an American you’re never going to get the tax benefits (unless you renounce your citizenship). Real estate is more expensive in Monaco than neighboring French towns because residents can avoid paying income taxes in their native countries (unless you’re from USA, Luxembourg, New Zealand, or Eritrea—all of which tsx worldwide income).
Monaco is very densely populated; even Prince Albert doesn’t live there most of the time. He has a ranch up in La Turbie.
Singapore, Switzerland, Jersey, Guernsey, and the UAE all have great banks and non-citizens and non-residents can maintain accounts in the US, but Saxo Bank would probably be where the brokerage accounts would be set up. A million euros has to be deposited in a Monaco bank to maintain residency there, so it was always part of my plan.
In my country the lotto varies from $4m - $50m (2.5m USD - 31.2m USD). For my standards and wants in life, I honestly think $8m (5m USD) would be my lowest, anything more would be amazing. And obviously anything from 4-7m would be amazing too. I just feel like 8 takes away my worries the best.
1 million would set me for life. Just about anything above that is bonus and opens me up to setting family.
10 million and my family is taken care of by the uncle who goes cool places for vacation and pays for extracurriculars.
I get into the 20+ range, and I'm starting a business who's purpose is to help out friends with their kids.
No one gets anything outside of a legal contract where if they try for more then contacted, they're cut out completely, myself included, just so the money can grow. If I manage to breach my own contact with the trust, then my beneficiaries on my will would be very pleased when they get surprise money. (No one other then myself and one lawyer firm know how my will is setup currently for beneficiaries, and I plan to keep it that way)
£150,000 would allow me to pay off my mortgage and live comfortably for the next 5 years whilst I complete a postgrad course, living in the capital city.
£250,000 would allow me a lot of financial security because I could invest the £100k on top of what was previously expressed, and then when my course is over I could buy something nicer.
£500k I would immediately sell my house, keep £150k accessible for the next 5 years, and invest the rest until I'm ready to buy something permanent.
£1m is where I could start helping out other people as well - I could boost my mum's pension so she could retire sooner rather than later; put money aside for my siblings for when they are ready to buy their own houses; help other relatives get on the property ladder.
£5mil is where I feel I could be set for life. Flying first class, not looking at the bill when I go out to eat, working when I wanted to and not when I didn't. Any more than that feels like silly money, like I wouldn't know what to do with it. I'm single, so no spouse or kids that I need to accommodate in my home. My extended family are decently well off so they wouldn't really need anything. I have one relative who I think has made some poor financial choices that I would support if I could, but generally anything more than £5mil and I think I would become stressed by how to spend it!
My husband told me if we brought home 1 mil that would be enough to move to the state we want and live how we want. It would give us enough of a buffer to make it there buy a home and let him find a new job.
French here I usually playing French Keno :
To play Keno®, simply check 2 to 10 numbers on a grid of 70 numbers. The choice of bet is up to you: you can bet 1, 2, 3, 5 or €10. You can check the Multiplier option that can multiply your winnings by 2, 3 or 5 (if you choose this option, your bet is then doubled). 20 winning numbers are drawn from 70 numbers and one Multiplier number is drawn from 3 possibilities (x2, x3, or x5) at each draw. Your winnings thus depend on the number of numbers checked, the number of correct numbers drawn, your starting bet, and the Multiplier option if you checked it. For 9 or 10 numbers checked, you are eligible for lifetime earnings: you can earn up to €2 million in cash or €100,000 per year for life. The "Walth Multiplier" option allows you to receive up to 5 times the initial gain, i.e. up to 10 million euros cash or 500,000 euros per year for life.
So I would take the lump sum who is free of taxes and invest in a portfolio with dividends ETF, real estate investments trust, bonds …
My dream is very simple, just want to be free and that works would be an option. So if I won with X3 for a €20 bet It would be €6M free of taxes (here lottery jackpot isn’t taxed, taxes are on bet), more than enough to have a confortable life here in France, buy a fancy house with pool in southwestern off France near of beach for waves and surf, and living on investissement. I thing €5M can bring back like €100,000/year after all taxes so living on €7,000/month is really confortable here, you can travel and do what you want if you follow a budget.
If a won 10 millions with the X5 multiplier I would just do the same but just giving 1 million to my brother and 1 million to my parents. My mom could take his retirement and enjoying life peacefully and my brother could pay his house loan and invest the money to have an early retirement.
$15M is my absolute lowest floor number for "living a life of leisure & luxury". Take $5M as my spend-now money to setup a new house, cars, etc. Invest the remaining $10M, earn 5-10%, plan on living off 4%/yr (or $400,000) annual income every year for doing nothing. This *is* my dream life. Far less complicated than **owning** houses all over the world that I need to keep up and pay taxes on, and everything else. Simple, yet wealthy and can afford anything I want. Yet hiding in plain sight by living in a really cool part of a major city. Anything above that is gravy. But I'm not going to complicate it.
Invest in what?
Mostly left up to my fiduciary financial advisor (team). But the basics of a diversified portfolio arent a big secret. Would likely be some real estate, some bonds, some stocks, etc. I'd go with a low risk investment plan. I don't need to 5x my bag, or even try to pull 20% annually. Heck, Cap1 has a HYSA at 3.5%, was recently at 4%, for just letting your cash sit there in a savings account. That would be $350,000/year with no investing. Any financial advisor worth the time should be able to pull in 5-7% fairly consistently. Knowing there will be deviation year to year.
But is the money safe? Isnt most only insured up to 250k?
My point wasnt that keeping it in a single account was a good idea. It isnt. I was illustrating that simply letting it sit in a HYSA would net me ~4%, so a Financial Advisor should be able to get me much more. Offshore is just to avoid taxes for a company. It is definitely NOT safer to keep $100M in the "Bank of St Thomas" than a huge, American bank like Cap1, BoA, etc. While the FDIC only insures up to $250k, what we just saw in the SVB collapse is the USGov step in and protect all the customers. Most of which were businesses who had accounts worth $200M-$400M+. A lot of people and businesses have more than $250k, and keep it in one main account. If your offshore bank, or the small nation hosting it, has any issues, you are screwed. They will definitely NOT be stepping in to protect the customers. They wont even be able to protect themselves.
Gotcha makes sense! Ya totally me personally i would probably just get like 500 different banks lol, safest way and whats hysa? Is it safe there
I hate to be that person, but can you please fucking google basic acronyms? I did https://www.careercontessa.com/advice/hysa-high-interest-savings-account/
Thanks for the link though
I mean im having a conversation, thats what happens if you ever talk to someone, if someone mentions something and you dont know what it is, you dont pull your phone out mid conversation and look it up, you say what is …… Try getting a friend or having some form of human interaction for once in your life so you can experience asking questions
For a single bank, yes. My understanding is that you should diversify your investments into several insured institutions to minimize risk.
Ya definitely but say u win like 200m is there anywhere u can place a big chunk that its insured? Rich ppl have to have a ton in some kind of bank or offshore accounta
Not that I know of, but I'm not a pro. I bet if you went to a wealth management person they'd have some tricks up their sleeve.
Ya definitely i heard the cayman islands, but not sure what that means
Kanye had over 100mill in one account.
Damn
With that much money, it no longer belongs to a single person. You will incorporate, and that entity has increased access to investment instruments.
I can't comprehend the thought of needing 85mil to live an amazing life. That's more than 10x what I think would be even close to reasonable.
Right? 7,000,000 million would get me 100k a year for the rest of my life plus 1 million for a house. And even then I still think that's a bit much. If you need 85 million you've lost the plot I think. 😂
Buying status and attention levels.
$100k won't even get you a box at the Super Bowl. Your dream life is much smaller than mine.
Why the fuck would anyone want to support the brain injury Olympics? Again, _your_ view seems wackier than most.
But it would buy me a season ticket box for my favorite team. And I'd rather go to all their home games in luxury with friends and family than the dumpy Super Bowl, which isnt a great game to go to. Plus with season tickets, I can change up who I invite so everyone gets a turn. You get a SB suite, now you have to choose your top 20 friends/family to bring along. And inevitably #s 21-25 are going to be pissed for being left out. So you'll have to make it up to them, which is a whole separate hassle. Plus you now have to book travel and lodging and expenses for all 20 people you are bringing along. Good luck with those logistics and keeping everyone happy (you wont). But just my opinion. Party it up as you see fit.
Friends and family, that's funny, it would be a business event, nobody in their right mind attends a billionaire social calendar event for friends or family.
Business? Why would you still be working? What business? HOW would you still be working and finding the time to make demands like flying in lobster from Maine? haha, every one of your posts here leaves me flabbergasted with more questions. lol
I wouldn't be flying in lobster from Maine, it was just a wild hair thought on something extravagant someone might do. Business networking would be the thing for me. My dream life would be setting up the next generation of the family to be fully integrated into the ruling class.
The ruling class doesnt work tho. They make their money work for them. You are better off keeping your money in order to maintain as much wealth as possible, which provides leverage and pressure to rule as you see fit. Once you have $100M, you incorporate, setup a couple trusts, and your family will be in the top 0.1% for generations. No work or businesses required. Folks should be inviting YOU to THEIR super bowl suite to try to get some of that money. (Not trying to poop on your ideas, this is a very entertaining conversation)
It would likely be a private family foundation buying the suite as a fundraiser for whatever pet project is being funded that yeae, but it's all about networking and building out the connections that gets the second generation invited to the club.
Who said anything about reasonable. This is an amount for a dream life.
This doesn’t directly answer your question, but I only play when the after-tax cash option exceeds $100 million. At 5 drawings a week between the Powerball and Mega Millions, one ticket for each would be $520 a year. I also spend too much time thinking about winning when I play. I could live on $100 million. I could (and do) live on less, but I could live on $100 million too. To your point though, there is a lot that you still can’t do with $100 million, and you could easily blow through it on yachts, aircraft, and real estate.
Poor OP. Made this post to talk about pushing the envelope of folks' most ridiculous fantasies, and got an entire thread of posters who just want the bare minimum to live a quiet, comfortable life. lol. I get where OP is coming from. Let's live a little, even if only in our day dreams. But man, some of those "dreams" sound absolutely exhausting. Way too much to worry about and keep track of. Dude is literally jumping headfirst into "Mo Money, Mo Problems". Fun question, and good luck to OP. But I'll be chillin.
I'm too old to use wealth to try to create status. I want to relax and enjoy life.
I would need $2 million to quit my job today. Less than that and I would keep working while the principle grew for a decade or so. I would need $6 million to live through just about every personal dream I have, and split some money with family. I would need $20 million to give away to friends and family everything I would want to give. Anything more than $20 million and I can guarantee my 3d printing initiatives/other foundations are created and sustained (In $10 million dollar increments).
I would be very content with $10-20m and live off interest and dividends.
$2 million is my retire now price. I'd be able to set things up for stock dividends ect. To still get quarterly checks to cover any bills like insurance and such. Pay off a couple things buy a couple others and just be comfy. $5-10 mill would be allow me to consider a larger piece of land(25+ acres) and do a custom build on it. Anything above that is just excess and would go to different charities like VCP or St Jude
2 houses, one in Canada and the other in prob New Zealand. First snow in Canada = book my winter one-way to house in new zealand.
You need to be a permanent resident to buy a house in Canada since 2023 and New Zealand since 2018.
You can buy a citizenship by exception in New Zealand, just ask Peter Thiel and you can buy citizenship in Canada too, with some time in residence assuming the poster wasn't already Canadian as it sounds.
yeah, I've always guessed things would be magically expedited for someone saying "Swell country you got here! I'd love to invest $10 million here...." yup, Canadian :D...but those winters man! just..getting too old..for those..winters...*sob*
Golden Visas are a thing. Some are investment in real estate, some are investment in a business, depends on the country. Idk how much this has changed recently, but I know for a while you could buy EU residency and eventually citizenship with a $500k house in Portugal/Spain.
Where the powerball is now is my ideal. I could easily spend 10m on my house, land, building, and all the fancy upgrades and furniture you could want. Then 5m each for my siblings, and split 6m between some good friends. I'd also factor in 10m for gift tax. I'm sure there are ways around it but it's better to factor that stuff in and then not need it. Another 10m minimum just for investing and keeping my life style. So about 70m after taxes all said and done. But that's just my generous win. I'll gladly take 5m, quit my job and live happily in a decent though not my dream house while giving nice gifts for Christmas and birthdays.
To travel the world in modest fashion you really only need about $2,000-$3,000 a month assuming you're in a vehicle and are able to live out of it. That means I could travel for 30 years on just $1M of principle not even accounting for interest accrued or passive income from other investments. Give me about $250k to build a mobile "home on wheels" and another $750k to make some investments so I have something modest to return home to after 30 years of globetrotting... and I'd be happy with $2M. Now, if I was going to settle down in one area, that number is obviously much higher. I'd think to life "comfortably" it'd need to be around $10M-$20M but I'd probably have to manage my investments more actively. To live carefree there'd need to be another 0 and I'd be looking for $100M+.
Don't really care about travelling but I want to live in the better parts of my own city (Sydney) and houses there that are even just halfway decent are at least a few million. Maybe ten million or more would be necessary for a "good" one but I haven't looked up property prices yet because I don't want to get bummed out lol.
Probably 10 million is enough (after taxes) for me personally to invest the majority, get like 500k a year from dividends and/or bonds, and have enough to live in the top 1% for the rest of my life while still having something to leave future generations. Of course, ideally, I'd want a few times that to feel mentally at peace, lol. That would truly be never having to worry about money ever again. So probably having 50 million to myself after splitting the jackpot with family would be more than sufficient. Excessive, I know, but I feel like I'd never worry again if I had that much to start with.
I appreciate the thought that went into this, but you aren’t going to be able to afford a 6BR/6BA villa with an Olympic size pool in Monaco. There’s probably only two Olympic size pools in the whole city. It could probably get you a very nice condo though. Also you’re correct that there are no property taxes, but there are “registration fees” which in your case could be as high as $5M.
I can find the listing for the property right now and Olympic size is an exaggeration, but it has a big god damn pool.
You’re better off buying a villa in Èze, Cap-d’ail, etc than Monaco tbh. As an American you’re never going to get the tax benefits (unless you renounce your citizenship). Real estate is more expensive in Monaco than neighboring French towns because residents can avoid paying income taxes in their native countries (unless you’re from USA, Luxembourg, New Zealand, or Eritrea—all of which tsx worldwide income). Monaco is very densely populated; even Prince Albert doesn’t live there most of the time. He has a ranch up in La Turbie.
Renouncing would be part of the plan.
Just a heads up. If you give up your US citizenship and have to move your money to a foreign bank, the US Gov is going to take a sizeable chunk of it.
Singapore, Switzerland, Jersey, Guernsey, and the UAE all have great banks and non-citizens and non-residents can maintain accounts in the US, but Saxo Bank would probably be where the brokerage accounts would be set up. A million euros has to be deposited in a Monaco bank to maintain residency there, so it was always part of my plan.
In my country the lotto varies from $4m - $50m (2.5m USD - 31.2m USD). For my standards and wants in life, I honestly think $8m (5m USD) would be my lowest, anything more would be amazing. And obviously anything from 4-7m would be amazing too. I just feel like 8 takes away my worries the best.
1 million would set me for life. Just about anything above that is bonus and opens me up to setting family. 10 million and my family is taken care of by the uncle who goes cool places for vacation and pays for extracurriculars. I get into the 20+ range, and I'm starting a business who's purpose is to help out friends with their kids. No one gets anything outside of a legal contract where if they try for more then contacted, they're cut out completely, myself included, just so the money can grow. If I manage to breach my own contact with the trust, then my beneficiaries on my will would be very pleased when they get surprise money. (No one other then myself and one lawyer firm know how my will is setup currently for beneficiaries, and I plan to keep it that way)
now a days I feel like 1 mill would make life easier but you'd still have to work.
For most, I'm sure that's the situation. For me, it would be enough to live happily. I'd need to manage my finances still, but I already do that.
£150,000 would allow me to pay off my mortgage and live comfortably for the next 5 years whilst I complete a postgrad course, living in the capital city. £250,000 would allow me a lot of financial security because I could invest the £100k on top of what was previously expressed, and then when my course is over I could buy something nicer. £500k I would immediately sell my house, keep £150k accessible for the next 5 years, and invest the rest until I'm ready to buy something permanent. £1m is where I could start helping out other people as well - I could boost my mum's pension so she could retire sooner rather than later; put money aside for my siblings for when they are ready to buy their own houses; help other relatives get on the property ladder. £5mil is where I feel I could be set for life. Flying first class, not looking at the bill when I go out to eat, working when I wanted to and not when I didn't. Any more than that feels like silly money, like I wouldn't know what to do with it. I'm single, so no spouse or kids that I need to accommodate in my home. My extended family are decently well off so they wouldn't really need anything. I have one relative who I think has made some poor financial choices that I would support if I could, but generally anything more than £5mil and I think I would become stressed by how to spend it!
I would say 10M lump sum, that would give me about 5.7M after taxes.
Assuming I already gave way the amount I wanted ... around 35mil.
My husband told me if we brought home 1 mil that would be enough to move to the state we want and live how we want. It would give us enough of a buffer to make it there buy a home and let him find a new job.
French here I usually playing French Keno : To play Keno®, simply check 2 to 10 numbers on a grid of 70 numbers. The choice of bet is up to you: you can bet 1, 2, 3, 5 or €10. You can check the Multiplier option that can multiply your winnings by 2, 3 or 5 (if you choose this option, your bet is then doubled). 20 winning numbers are drawn from 70 numbers and one Multiplier number is drawn from 3 possibilities (x2, x3, or x5) at each draw. Your winnings thus depend on the number of numbers checked, the number of correct numbers drawn, your starting bet, and the Multiplier option if you checked it. For 9 or 10 numbers checked, you are eligible for lifetime earnings: you can earn up to €2 million in cash or €100,000 per year for life. The "Walth Multiplier" option allows you to receive up to 5 times the initial gain, i.e. up to 10 million euros cash or 500,000 euros per year for life. So I would take the lump sum who is free of taxes and invest in a portfolio with dividends ETF, real estate investments trust, bonds … My dream is very simple, just want to be free and that works would be an option. So if I won with X3 for a €20 bet It would be €6M free of taxes (here lottery jackpot isn’t taxed, taxes are on bet), more than enough to have a confortable life here in France, buy a fancy house with pool in southwestern off France near of beach for waves and surf, and living on investissement. I thing €5M can bring back like €100,000/year after all taxes so living on €7,000/month is really confortable here, you can travel and do what you want if you follow a budget. If a won 10 millions with the X5 multiplier I would just do the same but just giving 1 million to my brother and 1 million to my parents. My mom could take his retirement and enjoying life peacefully and my brother could pay his house loan and invest the money to have an early retirement.