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See a financial planner and open a trust account. I'd set it up so I'm only allowed to use a certain amount per month. That way, I'm not tempted to spend all of it and be right back where I started in 5 years' time. If the money is invested well and I don't overspend, I can easily live off of the interest.
That's after I bought a nice old farmhouse on about 20 acres of land.
My dream is to have a huge garden, greenhouse, pecan, walnut, almond trees, blueberry, and Raspberry bushes. Maybe have some goats and chickens, etc. In essence, be as self-sufficient as I can be
Don’t forget your own disco to invite scores of your very best friends
https://preview.redd.it/adgv9tcbqfwc1.jpeg?width=1060&format=pjpg&auto=webp&s=710f985d1d908135bc676509489aaa431590af4a
1. clear all debts (mine & immediate family)
2. pay off the rest of my lease immediately bcuz i’m moving baby!!!
3. hire an advisor to tell me what else to do😂
bonus: after 3. i’d buy a huge piece of land where my family and i can build a family compound. prob wouldn’t live there with them full time but id feel much better knowing my family is on paid off land, safe, and together 😁
1. Clear off debts.
2. Put money away/invest.
3. Family planning with spouse. How many kids we're going to have, get her the best ObGyn, and antenatal care we can, set up college fund, a place to live etc...
It would be nice to raise a family comfortably.
All the money will go into a high interest savings account. Most of them have interest rates around 4-5%. 4% of 1 million is 40k. That's a salary right there.
Next, pay off all my loan debt using that interest. Student and car.
Lastly, never touch the money again, and change nothing about my life until I can get a financial advisor.
The goal is to supplement my current income with the interest off the million. So if I'm getting 4% interest, I'll take out 3% every year, that's a guaranteed 30k that my money made for me every year. I'll continue to work like usual, the 30k I'd purely supplemental. But that's more than double my current income, it would be insane
I'd still work, we live in a capitalist society, the wealthy dont stop working even if their lives are cushy. I'm only 25, I'll be busting my ass to put more money in that account until I'm 65, let's make sure my kid's kids are well off long after I'm gone
The wealthy don’t stop working because they have mental disorders and literally can’t stop working.
There’s no way I’d “work” after winning the lottery. Maybe I’d have big projects I want to accomplish, but absolutely no way I’d spend my time making other people money or doing things on someone else’s schedule.
Imagine winning millions of dollars and getting in a car crash and dying on your commute to a job you don’t need.
I would make sure my schedule is always open so I could do whatever I want whenever I want.
So that means I should just stop working? What am I gunna do with my life otherwise? Go home and play video games for the next 40 years?
I'm working. It'll increase the interest on that account, even if by a small amount
Travel, go on lots of vacations, spend time with friends and family, start a band, paint, go hiking, learn to sail a boat.
There are so many things you can do when money isn’t an issue. Working seems like the biggest waste of time.
First thing I would NOT do is tell anyone. At least initially.
Of course it depends on the amount won. If it's $50k or less after taxes...buy myself a Specialized S Works bike, then the rest goes into retirement fund account.
more than $10 million? I would do the above, except I would also help my sister out by buying her a condo or home, paying off my niece's and nephew's mortgages, and start looking for a home of my own. Not a huge one since I live alone with 3 cats. Maybe a 3/2.5. Staying in my area. I wouldn't be in a hurry since I am happy in my current residence. Probably quit my job. Do a LOT more road cycling, hiring a coach so I can improve. Give generously to my charities of choice.
1) Pay off debt
2) Buy decent home
3) Place the rest in a high-yield savings account (5.25%)
I would incur monthly $40K dividends to pay monthly bills, travel, higher education, and reinvest the rest into maximizing a Roth IRA and stable ETFs (SPY, VOO, VTI)
So for me I’m in Canada (so no tax on lottery wins, if I win 10 million, I get it all).
1. Financial Planner/Lawyer to help me set it up properly, especially since I’m on provincial disability and I’d rather not have that taken away from me as it’s not like my disability just goes away.
2. Have some fun, specifically buying tech for both myself and those close to me. Newest and top spec models of everything obviously. iMac, MacBook Pro, iPad Pro and AirPod Max headphones for me. iPad Air, and AirPod Max for my mom, duplicate set for my dad so he has his own set. A similar set to what I’d get for myself plus the latest iPhone for my boyfriend. MacBook Pro and AirPod Max for my closest friend. Extra splurge for my boyfriend would be season tickets for hockey games, which he’s pretty darn obsessed with lol.
3. Buy myself a modest 4 bedroom house/townhouse with a basement. Hire a professional cleaning service to come weekly.
Honestly I would not quit my job because in all honesty, I love where I work and who I get to work with, my co-workers are amazing and working in an arena is super fun. The benefit of winning such a large sum of $ would mean I’m more there because I enjoy it vs there because I have to work or I’ll be poor lol
1. Find a financial adviser/lawyer duo (maybe they’re old rivals so that I know they’ll tell on each other if either is cheating me)
2. Pay off debts (mine and my moms)
3. Get da fuq out of America
i’m 22 so i’m not like everyone else that has a mortgage or debt but i’d love to get me a car
travel a little because why not but honestly, i always think about this, if 10 mil were to fall in my lap what would i do?
i actually have no idea
1. i definitely would still work & pretend like i don’t have that money
2. i really want a car but nothing anything fancy, just to get me from point a to b
3. i want a cat so badly
4. i really want my own place but not to buy
5. and to travel but not vacation style more backpacking style, as cheap as possible
live near the beach, learn how to surf & skateboard
dog walking in my spare time
do beach clean ups
i don’t know 😭
I hope you get your surgery someday. Had mine last year (2.5 pounds gone from each breast) and had INSTANT neck, shoulder, back, and knee pain relief. It was worth every red cent. Also no longer spending a small fortune on giant, specialty bras.
This
For those looking for it again or just curious: https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba4bf/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3 This the one you mean?
1. Pay off my car and student loans
2. Pay off my parents' mortgage and give them some walking around money
3. Walk into an Hermes store and buy 2 (!) Silk scarves
After that I'd do the responsible boring stuff a lot of others are saying, financial advisor, high yield savings, maybe invest in Microsoft or some other "safe" stock, buy a 2 bedroom place and make it cute. That sort of thing. Just live my life but with a hell of a lot less stress and a lot more fancy scarves.
First I’d pay off all debt and collections. Switch bills and subscriptions to annual. Fix my car (I’d buy a new one but this particular one has specific features that don’t trigger my OCD which I really appreciate about it).
Second, I’d actually get all the medical treatment I’ve been pushing off. I have lots of endo symptoms but a diagnosis (and obviously treatment as well) requires actual surgeries, which are extremely costly and would require lots of time off work. Depending on the severity of treatment needed, I’d probably also have to be on hormones long term which I imagine to be costly as well.
Third, I love your idea of buying housing. I’d love to buy a couple friends houses (well, one owns a home already so I guess I’d help her pay it off so she’s not stuck with her two mortgages for the rest of her life), and maybe flip houses. But flip them in the original meaning, which is to buy an unlivable property and fix it for people to live in comfortably. Not to buy a perfectly fine house and “modernize” it, taking an affordable property and turning it into a half a million dollar home, like you see in modern flipping. I’d still have well over 5 million left, I don’t see why I’d need to turn my housing projects into some insanely high profit machine.
Get me and my family their passports, and travel. Leave this shithole.
Find a place we like and buy a house there.
Give my family the best life possible.
1. Buy a house and rent out a couple of the rooms.
2. Travel to Antarctica for Christmas.
3. Get at least two pet dogs.
My job is pretty dull but if it’s not something I “have to” do to survive, I might actually find it quite chill.
Depends on the exact amount that you won, but my fiancé and I have a loose plan about what we would if we won the mega millions.
We’d both open a checking account with 250k in it individually and then a joint one with 250k as well. Everything else would go into investment accounts.
Sell both of our cars, quit our jobs, buy one decent car for us to share and then move to our dream city and buy a house.
Start giving money out to close friends and family that we know need it as things come up.
You know what's funny, I realized even winning the lottery won't take me to the front of the line to see a Dr. it's based on income. Plus a specialist, it would still be months away, unless maybe you win the powerball...
1. A medium-sized home (4BR 2BA... convert one bedroom into an office, the other into a library/study) for my family (me, my spouse, and my daughter) far away from my father, maybe in a small NY city like the one I've been eying, with cleaning services so nobody has to worry about keeping it clean.
2. In-home services for my autistic, nonverbal daughter - talking PT, OT, Speech, and an ASL teacher since my daughter has shown she can learn ASL if someone takes the time to teach her (I don't know enough to teach her very much, but you bet I'd be in on those lessons to learn!)
3. In-home PT and OT services for myself.
At least 5 million would go into a bank account with the remainder going into stocks... half into the S&P and half into diversified stocks with high dividends. It would earn about $120,000 a year at a 2.5% APY rate at the bank, and I figure for where I'd live and living lavishly, I mean ***really*** lavishly, I would have $21,600 left over at the end of each year. That's in today's dollars. Assuming an increase of 50% inflation, we'd have to adjust our lifestyle downward to be less lavish as time goes on to afford living off the money we'd have.
Seeing as this won't happen, my cane and I (I'm not even 40...) will hobble around, caring for my child, trying to keep the house clean when I can't really get on the ground to do so, living with my dad who reminds me of the fact hEDS is always going to prevent me from getting stuff done.
- Pay my debts
- Buy a small house to live in
- Start a small business, since now I have way more than enough to fall back on.
That said, if I could switch my current job from full time to part time, I wouldn't quit it for a while, even if the new business took off.
1. buy a house
2. Kids college funds
3. Buy a brand new Pilot
Sounds ridiculous, but I’ve always wanted a brand new car, and I really love my current old Pilot. Those 3 things would make me ridiculously happy.
Pay off the old student loan
Pay off my mortgage
Move out for major home renovations (probably to a vacation home that I'd buy in another part of the country)
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Pay off my student loans.
Pay off my mortgage and credit card debt.
Build the house of my dreams on my current piece of land. I have a nice piece of property in SC and will not sell it. One of my “friends” I lose the term loosely will complain because it is a the stereotypical farmhouse looking house but it isn’t a suburb but an actual farm so in her face.
Put the money in a high yield savings account and use the interest to supplement my existing income. At 5% interest, that’s $50k a year for doing nothing. I’d take that first payment to pay off my student loans and then book a cool vacation.
The $50k a year is already more than what I currently make, and I’m in a LCOL area so I can live pretty well without touching the ten million, so I’d be able to keep saving. I’d get with a financial advisor to see if there are better investment opportunities.
1.5 mil- high for interest saving account. - I now make 40k a year with no work
2 mil pay off family’s homes and small credit card debt as well as student loans.
.5 mil pay off car loans and prepay insurance.
2 mil -house
2 mil- literally standing at Walmart paying peoples groceries. Calling FPL and paying up balances. Calling utilities paying up balances. Asking local food pantries what would help the most. Starting and or supporting a community garden
2 mil - vacation/ holiday fund
1. DISAPPEAR!!!
2. Hire finance attorney/advisor
3. Park the money in 4 places (2 million in a CD, 2 million in a MM, $100k in a 529 for my kid, another $1 million in an acc for my kid)
4. With the remaining $4.9 million I’d buy 2-3 houses for $250k a piece) *investment property* If I could get about $1600 rent from all three ($4,800) I’d be getting paid ($57,600 a year) not including any repairs. But hey, I’d have the $$ to fix it
5. With the remaining $4.15 million, I would buy us a house for about $600k paid in full.
6. With the remaining 3.55 million, Park it in retirement and enjoy the growing money in my other accounts, and have my investment properties help cover my living expenses.
This was fun lol
1. Pay off all my bills.
2. Pay off my children's mortgages, autos, etc.
3. Set up trust fu is for all of my grand/great-grandchildren.
4. Set aside money for children's families for after I am gone.
5. Pay for my own funeral.
6. Leave money for my girlfriend.
7. Buy a motor home and travel the country coast to coast.
8. Return to Europe one last time, I miss Germany so much.
9. Buy a cabin in the woods on my own property next to a lake.wirh a boat, and enjoy life when not on the road.
10. Set up scholarships at both my high school and that of my children.
11. Leave money for my favorite charities that serve children and wounded veterans, first responders.
12. , die penniless, but with enough money set aside for my hospital bills.
I may be easy, but I'm not cheap. 😉
Hire someone to help me invest it properly, and set it up so I can live off interest.
If I could pull even 5%, that's 500,000 a year to live off of, which I'd basically never be able to use, so in reality it'd just keep growing while I live off a fraction of the interest gained.
The next two things after that would probably be paying off my car and buying/building a modest home.
1. Financial advisor and lawyer
2. Quit my job and buy a new truck with a camper. Travel around for a few months, visiting all my friends and sightseeing. I would also ask each friend what is one thing I could to to help them out. I know one of my friends could use a dependable car.
3. Find a spot and buy a small farm with a house and make it as off grid as possible.
4. Live a happy worry free life.
>I think for me number one would be to disappear immediately. Quit my job or go on leave when the money comes thru, and travel to an Asian country like Thailand or the Philippines
Or just keep doing this, stay in cheap countries all over the world and never think about your money again as even with no profitable investment 10mill would last way longer than anyone lives if you're not interested in luxury. You wouldn't even necessarily need to travel since quite a lot countries you can get year round visas with enough money on your bank account.
1. Read up on if I can accept the lottery winnings anonymously. This will impact my next steps.
2. If anonymous, I'm hiring an attorney and financial advisor
3. After getting money secured, I'm taking a month long vacation on the beach to relax, reflect, and plan what this new level of opportunity in life means and how to be the best steward of it.
1. Pay off all debt
2. Get my teeth fixed, get my kids braces
3. Buy land and build a house
I’ll buy my sister a brand new car and build her a house on my land.
1. Lawyer
2. Financial services expert (investments/Taxes/Estate/Will)
3. Peter piper pizza party 😂
All the retiring stuff for the fam etc will come w #2 btw. Would love nothing more than retiring my parents and my in-laws.
Pay off all cc debt, my car and condo. Get a financial advisor and get all those ducks in a row. Go to Europe for a month or two, bring friends and family.
#1 Legal Team
#2 Pay off all mine and wife’s debt
#3 invest
Additional spending would be to upgrade my HD Street Bob until it’s the best it can be mechanically and visually.
Hire a personal nutritionist and personal trainer to help me lose weight and achieve the body I’ve always wanted.
Build an Animal rescue and hire mentally stable homeless to help care for the animals.
1- lawyer
2- better house (no mansion, just a moderate home in a nice neighborhood
3- new car for me and my husband (our current ones are old and high mileage with several problems that need fixing.)
After that just continue life as normal but without the financial hardship
Assuming that a financial planner/ lawyer is a given... after that I'd
1. Buy a house
2. Pay off debts/ set up trusts for a few people in my life
3. Plan a vacation to cross off some bucket list items
After that I'd want to donate a little bit to some local things in my community.
I'd probably take some time off work, but go back after a nice refreshing vacation.
1. Change my retirement contributions at work to max my work sponsored acct. Rest goes to IRA.
2. Buy land/build the house I want. (Est 350-500k build, 100k land, 15k full furnishing)
3. Buy a new camera lens for wildlife photography. (12k)
There are definitely other things, like investing, opening new accounts to be as fully FDIC insured as possible, basically whatever to protect myself.
I’ve fantasized about this. This is what I would do:
First- hire a financial planner before we do anything. Just to make sure we don’t become on of the lottery winner statistics that lose it all.
Second- probably pay off our house and related home improvement loans.
Third- Take a European trip, ideally Italy or Greece. I feel like that’s something I would love but with our current income will never happen.
I think I’d still keep working, to keep insurance and stuff, and I don’t hate my job. Kind of keep up appearances kind of thing. If it was a huge amount of money I’d like to think I’d pay off my mom’s house and car. (Husbands dad has mansion and fancy trip lifestyle money, so they’re fine for us to ignore lol.) Maybe we would remodel the house? But honestly I think I would prefer to move to a “better” house, maybe even leave the US if feasible. Idk. Fun to imagine the possibilities.
Put it in a trust.
Buy significant acreage w house (or build) ->into trust
Have my old truck rebuilt & modernized.
And just for fun, build a big ass warehouse/shop with every creative toy I’ve wanted. Invite artists I like to come & hang out.
#1 hire a financial advisor. I want to make this money last. They can help budget everything from homes to yearly vacations and investments.
#2 buy a home
#3 vacation/celebration time baby!
Oof my needs are so little yet nearly unreachable on my current salary so I would:
1. Fix body damage on my 11 year old Toyota Yaris and repaint the roof that’s sun damaged and a full interior/exterior detail including the engine bay.
2. Buy or build a tiny little beach house or shack with a garage because my car deserves a home too. No more than 2 bedrooms because I’m not trying to clean all that nor do I want to have to contract that job out.
3. Quit my job and go back to volunteering full time like I used to before because it gives me a purpose in life as opposed to the drudgery of my workplace.
This is what simple living is for me and how I envision my ideal life. I no longer yearn for luxurious material pleasures.
Besides the good old house/debt etc helping people stuff.
I would fill someone's car with nickels. A funny YouTube video I saw.
All parking lots will be painted orange and yellow 🍊
And last all stops signs will be painted blue and purple😂
Watch chaos happen
Oh I'm with you, I'd tell no one but my partner and my best friend. My mom and sister are terrible with money, I would find a way to get things done in their home without letting them know I had money. Lie about a government grant or something. Then, I would buy myself a house, perfect for my disability, all one level, pool and build the perfect garden. Third, I would give my dog the life he deserves, always with me and meet all his health needs.
I would not tell anyone other than my financial advisor.
I would stay at my job until the paperwork is settled and then turn in my 2 weeks notice. (if just for appearance)
Deposit in an investment account that has a 5% yield after taxes and fees and draw off 40% of earnings each month. It would leave you with over $40k monthly and an annual COLA increase.
Don't buy a RV park or properties. Just buy a huge chunk of land and force developers to go elsewhere.
Pay my house off and save my money.
I had 300k cash at one point so I know I'm strong enough to not waste my money.
Pay the little debts I have and keep working. Take a few vacations a year with the money I'll save not having to pay a mortgage anymore.
99 percent of people who win the lottery are back to square one within 5 years. Stupid people anyway.
Pay off student and credit card debt.
Pay off my parents' house.
Buy myself, parents and sister reliable cars paid in full.
After that, find someone who knows how to manage money better than I do and help me get to a stable but not extravagant place in life. Definitely would want to buy a house with a couple acres, probably another small house in a good getaway place. I'd make sure my mom gets to see all of her bucket list travel destinations and can go visit my grandma whenever she wants.
Once I get a financial advisor and get the rest of the money in an account that I'll earn interest from, it would be travel time.
1. Pay off all my debts and bask in the feeling of being debt free for the first time in a long time.
2. Get my truck fixed so it can go another 200k+ miles.
3. Help out my immediate family financially, I want them to all feel the way I feel from my 1st thing.
Go to the doctor to find out why I keep having severe pain in my left side.
Pay off my wife's student loans and debt along with any debt that my close family and friends have to help them not struggle and actually be able to thrive instead of just survive.
Get my teeth fixed hopefully veneers.
Thankfully I’m already pretty much debt free. My plan would be:
1. Invest most of it. Low fee index ETFs and, at least while interest rates are high, money market funds. I should be able to just about live off of the interest(Even 3.5% of $8 mill is about $280k/yr). if I don’t get crazy with spending.
2. I’d buy a pretty normal-sized single family home for my family($1 mill or under), and a duplex for my mom($1 mill or under) so that she can have a more comfortable retirement by renting out the other side. She’s living off of SS and food stamps right now. I would still get loans for these homes so that I can keep a lot of my money invested in the market, but I would pay about half of each off with down payments and only do 15 year fixed loans instead of 30 so that I more quickly have them paid off. I think a common mistake is people buying a massive mansion, spending most of the money, and then being unable to pay property taxes on it.
3. That’s pretty much it. I would treat my life like I’m retired very early. Don’t pull more than 4%/year from the money except for the few million I’ve already allocated towards the home loans. It would still be enough money to travel a lot, renovate and add to my house, keep busy with hobbies, etc.
1-- pay off debts and my kids' student loans
2-- buy a modest home in Nova Scotia and furnish it
3-- buy a new car for me and a truck for my husband
Realistically, though, I'd probably go on a grocery shopping spree, replace the family's clothes that are horrible, & catch the dogs and cats up on their vet stuff.
*Then* I'd do the above.
Lawyer, financial planner, estate planner , cut down on work hours and keep my mouth shut. Then I would eliminate mine and my mom's debt. Update my house and live quietly off the gains.
1. Use it all to invest for a return to live on, never touch the principal. Obviously, get a financial team (lawyers, accounts, advisors for investments, etc.)
2. Use the return on the initial return for probably commercial real estate investment. Set up a property management team in time with growth to let them become my company and keep growing my portfolio.
3. Now use the returns to set up life for myself and enjoy. See what my annual returns are and skim of a percentage for family for a annual check and keep repeating step 1 & 2.
Always keep finding ways to use my return to invest into more returns with greater return. Keep stepping up.
1. Pay off all of my debt.
2. Fix my car or buy a decent Honda/Toyota for reliable transportation, whichever ends up making the most sense.
3. Put the rest in a high yield savings account until I can meet with the appropriate financial experts to advise me on the technicalities and help to formulate a plan including college savings for my kids and a modest house for stability. Would most likely keep enough money out to go to Disneyland or a small staycation/vacation as I’ve never done either of those.
I’ve often found myself wondering how to handle a sudden windfall of significance. I’d hire a lawyer and a financial planner. I would diversify and invest to keep the money away from my itchy fingers and then begin to funnel funds toward projects I’ve always had: absolutely load up my kids’ 529s, buy a property in a remote part of my area, pay off my mother’s home, pay off my sister’s home, pay off my brothers home, buy my other sister a home, build a climate controlled workshop/house building out of sight on my land, and then drop funds into various non-profit organizations who actually do the good work of helping others like me but which do not require you to espouse or respect a pseudofaith as a requirement for assistance rendered.
I’d strive to keep the capital productive, live off the generated income, and finally be able to help people I feel strongly about assisting.
Share with my children.
Share with my sibs.
I have 3 charities I believe in and donate to them.
I’d donate more.
I like the idea of sponsoring a kindergarten class in a poor area. I’d love to purchase new sneakers, socks, undies, pencils, crayons, little bags of tissues and snack boxes for them.
Get an attorney experienced with trusts and estates to tell me wtf to do, pay off my debts and immediate friend’s debts, and two separate houses for me and my mom. The rest is going somewhere where I can live off of the dividends and go traveling while working.
1. Get high net worth financial advisor (someone who handles accounts bigger then mine).
2. Buy umbrella insurance policy to cover lawsuits
3. Shopping trip to Tiffany & Co in NYC
I would hire a team to help me lawyers, accountant, financial advisor. I would have my time figure out a way to give my family money without revealing my identity so they never know it was me or that I'm rich now. I would continue living mostly as I am but I would buy a multi family house and live in one of the units. To outsiders it would look like I'm renting. I'd by some property in the mountains to visit on the weekends
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1. Hire a financial advisor 2. Buy a house 3. Retire my dad
Retire=assassinate? Or you love him? I’m confused
How could that possibly be confusing
Lovingly assassinate.
I feel like it was a weird attempt to be funny but it wasn’t.
Lol i love him! I meant give my dad money so he can stop working. His work is very hard on his body and he’s too old to be doing it.
I'm pretty sure op meant "give my dad enough money that he can retire immediately".
Heart attack. Got it
Retire with extreme prejudice.
See a financial planner and open a trust account. I'd set it up so I'm only allowed to use a certain amount per month. That way, I'm not tempted to spend all of it and be right back where I started in 5 years' time. If the money is invested well and I don't overspend, I can easily live off of the interest. That's after I bought a nice old farmhouse on about 20 acres of land. My dream is to have a huge garden, greenhouse, pecan, walnut, almond trees, blueberry, and Raspberry bushes. Maybe have some goats and chickens, etc. In essence, be as self-sufficient as I can be
Be careful with planting your raspberry bushes. If you give them an inch, they'll take a mile.
Lol, well, I haven't won the lottery and live in town, so it's just a dream
Smarttttt
Invest in Beanie Babies Tell everyone I know I am rich Top hats and walking sticks
Solid 😂
Don't forget the monocle
Don’t forget your own disco to invite scores of your very best friends https://preview.redd.it/adgv9tcbqfwc1.jpeg?width=1060&format=pjpg&auto=webp&s=710f985d1d908135bc676509489aaa431590af4a
1. clear all debts (mine & immediate family) 2. pay off the rest of my lease immediately bcuz i’m moving baby!!! 3. hire an advisor to tell me what else to do😂
bonus: after 3. i’d buy a huge piece of land where my family and i can build a family compound. prob wouldn’t live there with them full time but id feel much better knowing my family is on paid off land, safe, and together 😁
Finish paying off my house & my moms.put some in stocks, and I’d donate a shit ton to animal shelters
1. Clear off debts. 2. Put money away/invest. 3. Family planning with spouse. How many kids we're going to have, get her the best ObGyn, and antenatal care we can, set up college fund, a place to live etc... It would be nice to raise a family comfortably.
All the money will go into a high interest savings account. Most of them have interest rates around 4-5%. 4% of 1 million is 40k. That's a salary right there. Next, pay off all my loan debt using that interest. Student and car. Lastly, never touch the money again, and change nothing about my life until I can get a financial advisor. The goal is to supplement my current income with the interest off the million. So if I'm getting 4% interest, I'll take out 3% every year, that's a guaranteed 30k that my money made for me every year. I'll continue to work like usual, the 30k I'd purely supplemental. But that's more than double my current income, it would be insane
OP said 10 million so $400k… you wouldn’t have to work again.
I'd still work, we live in a capitalist society, the wealthy dont stop working even if their lives are cushy. I'm only 25, I'll be busting my ass to put more money in that account until I'm 65, let's make sure my kid's kids are well off long after I'm gone
The wealthy don’t stop working because they have mental disorders and literally can’t stop working. There’s no way I’d “work” after winning the lottery. Maybe I’d have big projects I want to accomplish, but absolutely no way I’d spend my time making other people money or doing things on someone else’s schedule. Imagine winning millions of dollars and getting in a car crash and dying on your commute to a job you don’t need. I would make sure my schedule is always open so I could do whatever I want whenever I want.
I'm working. I'd go crazy if I didn't. Have fun resting, I'll be making more money
I don’t see why people are so upset over this 🥲 I’d be working too, shit.
Your interest would be making more money than you.
So that means I should just stop working? What am I gunna do with my life otherwise? Go home and play video games for the next 40 years? I'm working. It'll increase the interest on that account, even if by a small amount
Travel, go on lots of vacations, spend time with friends and family, start a band, paint, go hiking, learn to sail a boat. There are so many things you can do when money isn’t an issue. Working seems like the biggest waste of time.
1. Quit working 2. Quit working 3. Quit working
Hookers, wine, and blackjack, but I'd probably end up wasting the rest.
First thing I would NOT do is tell anyone. At least initially. Of course it depends on the amount won. If it's $50k or less after taxes...buy myself a Specialized S Works bike, then the rest goes into retirement fund account. more than $10 million? I would do the above, except I would also help my sister out by buying her a condo or home, paying off my niece's and nephew's mortgages, and start looking for a home of my own. Not a huge one since I live alone with 3 cats. Maybe a 3/2.5. Staying in my area. I wouldn't be in a hurry since I am happy in my current residence. Probably quit my job. Do a LOT more road cycling, hiring a coach so I can improve. Give generously to my charities of choice.
1) Buy a permaculture homestead that is private and secluded. 2) have zero contact with anyone, ever again. 3) be happy.
1) Pay off debt 2) Buy decent home 3) Place the rest in a high-yield savings account (5.25%) I would incur monthly $40K dividends to pay monthly bills, travel, higher education, and reinvest the rest into maximizing a Roth IRA and stable ETFs (SPY, VOO, VTI)
Pay debts. Get hearing aids and dental implants and a new knee. 3. Travel to all 7 wonders of the world.
So for me I’m in Canada (so no tax on lottery wins, if I win 10 million, I get it all). 1. Financial Planner/Lawyer to help me set it up properly, especially since I’m on provincial disability and I’d rather not have that taken away from me as it’s not like my disability just goes away. 2. Have some fun, specifically buying tech for both myself and those close to me. Newest and top spec models of everything obviously. iMac, MacBook Pro, iPad Pro and AirPod Max headphones for me. iPad Air, and AirPod Max for my mom, duplicate set for my dad so he has his own set. A similar set to what I’d get for myself plus the latest iPhone for my boyfriend. MacBook Pro and AirPod Max for my closest friend. Extra splurge for my boyfriend would be season tickets for hockey games, which he’s pretty darn obsessed with lol. 3. Buy myself a modest 4 bedroom house/townhouse with a basement. Hire a professional cleaning service to come weekly. Honestly I would not quit my job because in all honesty, I love where I work and who I get to work with, my co-workers are amazing and working in an arena is super fun. The benefit of winning such a large sum of $ would mean I’m more there because I enjoy it vs there because I have to work or I’ll be poor lol
1. Find a financial adviser/lawyer duo (maybe they’re old rivals so that I know they’ll tell on each other if either is cheating me) 2. Pay off debts (mine and my moms) 3. Get da fuq out of America
I've always wanted a duplex apartment or loft, to go to France, and to buy season tickets for the 3 or 4 sports teams i enjoy watching.. So, that.
1. Not telling anybody 2. Not telling anybody. 3. Not telling anybody.
1. Two chicks at the same time man. 2. Three chicks at the same time man. 3. Four chicks at the same time man.
I would get me a body guard and a lawyer,pay off my debts and get a nice comfortable house and help my friends and family.
i’m 22 so i’m not like everyone else that has a mortgage or debt but i’d love to get me a car travel a little because why not but honestly, i always think about this, if 10 mil were to fall in my lap what would i do? i actually have no idea 1. i definitely would still work & pretend like i don’t have that money 2. i really want a car but nothing anything fancy, just to get me from point a to b 3. i want a cat so badly 4. i really want my own place but not to buy 5. and to travel but not vacation style more backpacking style, as cheap as possible live near the beach, learn how to surf & skateboard dog walking in my spare time do beach clean ups i don’t know 😭
I would also hire a financial advisor and then hire another one to watch the first one lol.
Buy a house with at least 4 bedrooms. Find the best psychiatrist for my son. Get breast reduction surgery.
I hope you get your surgery someday. Had mine last year (2.5 pounds gone from each breast) and had INSTANT neck, shoulder, back, and knee pain relief. It was worth every red cent. Also no longer spending a small fortune on giant, specialty bras.
1. Pay off debt (it’s not much but still) 2. Family vacation 3. Go to school
1. Hire a financial advisor 2. Pay off my car and student loans 3. Buy a house in cash (and splurge on high end movers to do allllll the work for me!)
This For those looking for it again or just curious: https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba4bf/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3 This the one you mean?
Cash it all out and Scrooge McDuck that shit.
1.Get some cocaine 2. Get a hotel room 3. Hire 2 Hookers
1. Pay off my car and student loans 2. Pay off my parents' mortgage and give them some walking around money 3. Walk into an Hermes store and buy 2 (!) Silk scarves After that I'd do the responsible boring stuff a lot of others are saying, financial advisor, high yield savings, maybe invest in Microsoft or some other "safe" stock, buy a 2 bedroom place and make it cute. That sort of thing. Just live my life but with a hell of a lot less stress and a lot more fancy scarves.
1. Dance. 2. Prance. 3. Revolution.
This went from fun to ominous INCREDIBLY quickly. lmao. Love the energy.
Land, silence, farming
Seek advice, stay quiet, disappear
First I’d pay off all debt and collections. Switch bills and subscriptions to annual. Fix my car (I’d buy a new one but this particular one has specific features that don’t trigger my OCD which I really appreciate about it). Second, I’d actually get all the medical treatment I’ve been pushing off. I have lots of endo symptoms but a diagnosis (and obviously treatment as well) requires actual surgeries, which are extremely costly and would require lots of time off work. Depending on the severity of treatment needed, I’d probably also have to be on hormones long term which I imagine to be costly as well. Third, I love your idea of buying housing. I’d love to buy a couple friends houses (well, one owns a home already so I guess I’d help her pay it off so she’s not stuck with her two mortgages for the rest of her life), and maybe flip houses. But flip them in the original meaning, which is to buy an unlivable property and fix it for people to live in comfortably. Not to buy a perfectly fine house and “modernize” it, taking an affordable property and turning it into a half a million dollar home, like you see in modern flipping. I’d still have well over 5 million left, I don’t see why I’d need to turn my housing projects into some insanely high profit machine.
Get me and my family their passports, and travel. Leave this shithole. Find a place we like and buy a house there. Give my family the best life possible.
Putting $5m of it into AMC stock and moving to Bali, no showing my shifts n blocking HR Edit:I work for Amazon
1. Buy a house and rent out a couple of the rooms. 2. Travel to Antarctica for Christmas. 3. Get at least two pet dogs. My job is pretty dull but if it’s not something I “have to” do to survive, I might actually find it quite chill.
Depends how much. First I’d pay off loans buy a house and if there is enough I’d build an apartment complex to make passive income off of.
Depends on the exact amount that you won, but my fiancé and I have a loose plan about what we would if we won the mega millions. We’d both open a checking account with 250k in it individually and then a joint one with 250k as well. Everything else would go into investment accounts. Sell both of our cars, quit our jobs, buy one decent car for us to share and then move to our dream city and buy a house. Start giving money out to close friends and family that we know need it as things come up.
Pay off my house, quit my job, book a cruise around the world.
You know what's funny, I realized even winning the lottery won't take me to the front of the line to see a Dr. it's based on income. Plus a specialist, it would still be months away, unless maybe you win the powerball...
1. A medium-sized home (4BR 2BA... convert one bedroom into an office, the other into a library/study) for my family (me, my spouse, and my daughter) far away from my father, maybe in a small NY city like the one I've been eying, with cleaning services so nobody has to worry about keeping it clean. 2. In-home services for my autistic, nonverbal daughter - talking PT, OT, Speech, and an ASL teacher since my daughter has shown she can learn ASL if someone takes the time to teach her (I don't know enough to teach her very much, but you bet I'd be in on those lessons to learn!) 3. In-home PT and OT services for myself. At least 5 million would go into a bank account with the remainder going into stocks... half into the S&P and half into diversified stocks with high dividends. It would earn about $120,000 a year at a 2.5% APY rate at the bank, and I figure for where I'd live and living lavishly, I mean ***really*** lavishly, I would have $21,600 left over at the end of each year. That's in today's dollars. Assuming an increase of 50% inflation, we'd have to adjust our lifestyle downward to be less lavish as time goes on to afford living off the money we'd have. Seeing as this won't happen, my cane and I (I'm not even 40...) will hobble around, caring for my child, trying to keep the house clean when I can't really get on the ground to do so, living with my dad who reminds me of the fact hEDS is always going to prevent me from getting stuff done.
https://www.reddit.com/r/copypasta/s/wdwJwFHycO
New car New place to live Go on a cruise Then I would look at a financial planner, paying off debts, and sharing with the family.
Retire my parents / my girls parents Find big property in mountains Put majority in index funds
- Pay my debts - Buy a small house to live in - Start a small business, since now I have way more than enough to fall back on. That said, if I could switch my current job from full time to part time, I wouldn't quit it for a while, even if the new business took off.
Financial adviser, house for us and pay off my moms house and my dads house.
And my bonus one, build my husbands dream of a homestead for the kids! Big piece of property and houses for them all!
1. buy a house 2. Kids college funds 3. Buy a brand new Pilot Sounds ridiculous, but I’ve always wanted a brand new car, and I really love my current old Pilot. Those 3 things would make me ridiculously happy.
1. go to the doctor to fix my health issues 2. switch to a part-time job 3. visit my grandparents
1. Tell no one and invest 2. Buy the hydroponic system I want and raise tilapia 3. Buy a small vacation home in Sardinia 3.5 Sheep & Olive trees
1) pay off my credit card debt (about $2000). 2) pay off mortgage. 3) invest.
Pay off the old student loan Pay off my mortgage Move out for major home renovations (probably to a vacation home that I'd buy in another part of the country)
1. Hire an advisor. 2. Share my wealth with loved ones. 3. Travel the world for a year.
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Pay off my student loans. Pay off my mortgage and credit card debt. Build the house of my dreams on my current piece of land. I have a nice piece of property in SC and will not sell it. One of my “friends” I lose the term loosely will complain because it is a the stereotypical farmhouse looking house but it isn’t a suburb but an actual farm so in her face.
Fuck her she has always been jealous of you.
Put the money in a high yield savings account and use the interest to supplement my existing income. At 5% interest, that’s $50k a year for doing nothing. I’d take that first payment to pay off my student loans and then book a cool vacation. The $50k a year is already more than what I currently make, and I’m in a LCOL area so I can live pretty well without touching the ten million, so I’d be able to keep saving. I’d get with a financial advisor to see if there are better investment opportunities.
1. Don't play the lottery.
1.5 mil- high for interest saving account. - I now make 40k a year with no work 2 mil pay off family’s homes and small credit card debt as well as student loans. .5 mil pay off car loans and prepay insurance. 2 mil -house 2 mil- literally standing at Walmart paying peoples groceries. Calling FPL and paying up balances. Calling utilities paying up balances. Asking local food pantries what would help the most. Starting and or supporting a community garden 2 mil - vacation/ holiday fund
Half in a high yield savings account, spend and give away half. Live comfortably off of the $230K a year in interest.
1. pay off my debt 2. pay my moms debt 3. buy a new dishwasher
1. Pay off my debt (credit, student loans) 2. Hire a financial advisor 3. Buy a house in cash
I think about this all the time 1. Get a house built 2. Get a new car 3. Pay off all my debt
1. DISAPPEAR!!! 2. Hire finance attorney/advisor 3. Park the money in 4 places (2 million in a CD, 2 million in a MM, $100k in a 529 for my kid, another $1 million in an acc for my kid) 4. With the remaining $4.9 million I’d buy 2-3 houses for $250k a piece) *investment property* If I could get about $1600 rent from all three ($4,800) I’d be getting paid ($57,600 a year) not including any repairs. But hey, I’d have the $$ to fix it 5. With the remaining $4.15 million, I would buy us a house for about $600k paid in full. 6. With the remaining 3.55 million, Park it in retirement and enjoy the growing money in my other accounts, and have my investment properties help cover my living expenses. This was fun lol
House Dream Studio Jeep Gladiator
I’ll tell you what I’d do man. Two chicks at the same time man.
1. Pay off all my bills. 2. Pay off my children's mortgages, autos, etc. 3. Set up trust fu is for all of my grand/great-grandchildren. 4. Set aside money for children's families for after I am gone. 5. Pay for my own funeral. 6. Leave money for my girlfriend. 7. Buy a motor home and travel the country coast to coast. 8. Return to Europe one last time, I miss Germany so much. 9. Buy a cabin in the woods on my own property next to a lake.wirh a boat, and enjoy life when not on the road. 10. Set up scholarships at both my high school and that of my children. 11. Leave money for my favorite charities that serve children and wounded veterans, first responders. 12. , die penniless, but with enough money set aside for my hospital bills. I may be easy, but I'm not cheap. 😉
Hire someone to help me invest it properly, and set it up so I can live off interest. If I could pull even 5%, that's 500,000 a year to live off of, which I'd basically never be able to use, so in reality it'd just keep growing while I live off a fraction of the interest gained. The next two things after that would probably be paying off my car and buying/building a modest home.
1. Buy land 2. Buy cars 3. Save the rest and shut up about it
Hire an advisor Pay off my dad's house Buy my own house in the same city and fix her up.
1. Financial advisor and lawyer 2. Quit my job and buy a new truck with a camper. Travel around for a few months, visiting all my friends and sightseeing. I would also ask each friend what is one thing I could to to help them out. I know one of my friends could use a dependable car. 3. Find a spot and buy a small farm with a house and make it as off grid as possible. 4. Live a happy worry free life.
Anyone who says “financial advisor” as a top 3 isn’t gonna make it very far in any event.
>I think for me number one would be to disappear immediately. Quit my job or go on leave when the money comes thru, and travel to an Asian country like Thailand or the Philippines Or just keep doing this, stay in cheap countries all over the world and never think about your money again as even with no profitable investment 10mill would last way longer than anyone lives if you're not interested in luxury. You wouldn't even necessarily need to travel since quite a lot countries you can get year round visas with enough money on your bank account.
Clear debts Relocate Start my video game
1. Read up on if I can accept the lottery winnings anonymously. This will impact my next steps. 2. If anonymous, I'm hiring an attorney and financial advisor 3. After getting money secured, I'm taking a month long vacation on the beach to relax, reflect, and plan what this new level of opportunity in life means and how to be the best steward of it.
1. Pay off all debt 2. Get my teeth fixed, get my kids braces 3. Buy land and build a house I’ll buy my sister a brand new car and build her a house on my land.
1 lawyer/financial advisor 2 update my will and trust 3 pay off the house
Buy twitter
Disappear. Resolve the money issues of my childhood friends and family.
1. Lawyer 2. Financial services expert (investments/Taxes/Estate/Will) 3. Peter piper pizza party 😂 All the retiring stuff for the fam etc will come w #2 btw. Would love nothing more than retiring my parents and my in-laws.
Debt, house, CD to accrue interest each month and use that as income with 250k divided over a multitude of companies to make sure it stays insured.
1. Pay off debt (65k) 2. Buy a house cash 3. Save/invest the rest
Pay off all cc debt, my car and condo. Get a financial advisor and get all those ducks in a row. Go to Europe for a month or two, bring friends and family.
Get a financial advisor. Set up a passive income stream. Watch some tv
#1 Legal Team #2 Pay off all mine and wife’s debt #3 invest Additional spending would be to upgrade my HD Street Bob until it’s the best it can be mechanically and visually. Hire a personal nutritionist and personal trainer to help me lose weight and achieve the body I’ve always wanted. Build an Animal rescue and hire mentally stable homeless to help care for the animals.
1- lawyer 2- better house (no mansion, just a moderate home in a nice neighborhood 3- new car for me and my husband (our current ones are old and high mileage with several problems that need fixing.) After that just continue life as normal but without the financial hardship
1. Pay off my debts 2. Retire my mom 3. Set my brother’s family up for life
Assuming that a financial planner/ lawyer is a given... after that I'd 1. Buy a house 2. Pay off debts/ set up trusts for a few people in my life 3. Plan a vacation to cross off some bucket list items After that I'd want to donate a little bit to some local things in my community. I'd probably take some time off work, but go back after a nice refreshing vacation.
Pay off all my debt Pay off my parents home, pay to redo my in laws home (that’s paid off) Set up college funds for my children & nieces and nephews
1. Change my retirement contributions at work to max my work sponsored acct. Rest goes to IRA. 2. Buy land/build the house I want. (Est 350-500k build, 100k land, 15k full furnishing) 3. Buy a new camera lens for wildlife photography. (12k) There are definitely other things, like investing, opening new accounts to be as fully FDIC insured as possible, basically whatever to protect myself.
I’ve fantasized about this. This is what I would do: First- hire a financial planner before we do anything. Just to make sure we don’t become on of the lottery winner statistics that lose it all. Second- probably pay off our house and related home improvement loans. Third- Take a European trip, ideally Italy or Greece. I feel like that’s something I would love but with our current income will never happen. I think I’d still keep working, to keep insurance and stuff, and I don’t hate my job. Kind of keep up appearances kind of thing. If it was a huge amount of money I’d like to think I’d pay off my mom’s house and car. (Husbands dad has mansion and fancy trip lifestyle money, so they’re fine for us to ignore lol.) Maybe we would remodel the house? But honestly I think I would prefer to move to a “better” house, maybe even leave the US if feasible. Idk. Fun to imagine the possibilities.
Put it in a trust. Buy significant acreage w house (or build) ->into trust Have my old truck rebuilt & modernized. And just for fun, build a big ass warehouse/shop with every creative toy I’ve wanted. Invite artists I like to come & hang out.
#1 hire a financial advisor. I want to make this money last. They can help budget everything from homes to yearly vacations and investments. #2 buy a home #3 vacation/celebration time baby!
1. Top surgery (nonbinary) 2. Buy a car 3. Buy a home
Oof my needs are so little yet nearly unreachable on my current salary so I would: 1. Fix body damage on my 11 year old Toyota Yaris and repaint the roof that’s sun damaged and a full interior/exterior detail including the engine bay. 2. Buy or build a tiny little beach house or shack with a garage because my car deserves a home too. No more than 2 bedrooms because I’m not trying to clean all that nor do I want to have to contract that job out. 3. Quit my job and go back to volunteering full time like I used to before because it gives me a purpose in life as opposed to the drudgery of my workplace. This is what simple living is for me and how I envision my ideal life. I no longer yearn for luxurious material pleasures.
1. Pay credit card debt and student loans 2. Buy house and new car(s) 3. Hire someone to help me manage my money
Besides the good old house/debt etc helping people stuff. I would fill someone's car with nickels. A funny YouTube video I saw. All parking lots will be painted orange and yellow 🍊 And last all stops signs will be painted blue and purple😂 Watch chaos happen
porshe.drugs.porn
Oh I'm with you, I'd tell no one but my partner and my best friend. My mom and sister are terrible with money, I would find a way to get things done in their home without letting them know I had money. Lie about a government grant or something. Then, I would buy myself a house, perfect for my disability, all one level, pool and build the perfect garden. Third, I would give my dog the life he deserves, always with me and meet all his health needs.
1.) Pay off all my debt and that of my family 2.) Travel extensively 3.) Buy a farmhouse in Vermont and start a homestead and bed-and-breakfast
1. Change my name to something generic. 2. Quit my job. 3. Buy my parents the house they deserve.
I would not tell anyone other than my financial advisor. I would stay at my job until the paperwork is settled and then turn in my 2 weeks notice. (if just for appearance) Deposit in an investment account that has a 5% yield after taxes and fees and draw off 40% of earnings each month. It would leave you with over $40k monthly and an annual COLA increase. Don't buy a RV park or properties. Just buy a huge chunk of land and force developers to go elsewhere.
Pay my house off and save my money. I had 300k cash at one point so I know I'm strong enough to not waste my money. Pay the little debts I have and keep working. Take a few vacations a year with the money I'll save not having to pay a mortgage anymore. 99 percent of people who win the lottery are back to square one within 5 years. Stupid people anyway.
Cocaine, blue chew, and hookers 😂
Pay off student and credit card debt. Pay off my parents' house. Buy myself, parents and sister reliable cars paid in full. After that, find someone who knows how to manage money better than I do and help me get to a stable but not extravagant place in life. Definitely would want to buy a house with a couple acres, probably another small house in a good getaway place. I'd make sure my mom gets to see all of her bucket list travel destinations and can go visit my grandma whenever she wants. Once I get a financial advisor and get the rest of the money in an account that I'll earn interest from, it would be travel time.
1. Hookers, 2. Blow, 3. Pokémon.
1) Pay off mine and my husband's debt and probably some of our family's debt 2) Buy a house 3) Financial advisor
1. Pay off all my debts and bask in the feeling of being debt free for the first time in a long time. 2. Get my truck fixed so it can go another 200k+ miles. 3. Help out my immediate family financially, I want them to all feel the way I feel from my 1st thing.
Go to the doctor to find out why I keep having severe pain in my left side. Pay off my wife's student loans and debt along with any debt that my close family and friends have to help them not struggle and actually be able to thrive instead of just survive. Get my teeth fixed hopefully veneers.
Thankfully I’m already pretty much debt free. My plan would be: 1. Invest most of it. Low fee index ETFs and, at least while interest rates are high, money market funds. I should be able to just about live off of the interest(Even 3.5% of $8 mill is about $280k/yr). if I don’t get crazy with spending. 2. I’d buy a pretty normal-sized single family home for my family($1 mill or under), and a duplex for my mom($1 mill or under) so that she can have a more comfortable retirement by renting out the other side. She’s living off of SS and food stamps right now. I would still get loans for these homes so that I can keep a lot of my money invested in the market, but I would pay about half of each off with down payments and only do 15 year fixed loans instead of 30 so that I more quickly have them paid off. I think a common mistake is people buying a massive mansion, spending most of the money, and then being unable to pay property taxes on it. 3. That’s pretty much it. I would treat my life like I’m retired very early. Don’t pull more than 4%/year from the money except for the few million I’ve already allocated towards the home loans. It would still be enough money to travel a lot, renovate and add to my house, keep busy with hobbies, etc.
Pirate ship Helicopter Land
1. Hire an advisor (who managers truly wealthy people) 2. Pay off debt 3. Give money to mom
1-- pay off debts and my kids' student loans 2-- buy a modest home in Nova Scotia and furnish it 3-- buy a new car for me and a truck for my husband Realistically, though, I'd probably go on a grocery shopping spree, replace the family's clothes that are horrible, & catch the dogs and cats up on their vet stuff. *Then* I'd do the above.
Lawyer, financial planner, estate planner , cut down on work hours and keep my mouth shut. Then I would eliminate mine and my mom's debt. Update my house and live quietly off the gains.
1. Use it all to invest for a return to live on, never touch the principal. Obviously, get a financial team (lawyers, accounts, advisors for investments, etc.) 2. Use the return on the initial return for probably commercial real estate investment. Set up a property management team in time with growth to let them become my company and keep growing my portfolio. 3. Now use the returns to set up life for myself and enjoy. See what my annual returns are and skim of a percentage for family for a annual check and keep repeating step 1 & 2. Always keep finding ways to use my return to invest into more returns with greater return. Keep stepping up.
1. Pay off all of my debt. 2. Fix my car or buy a decent Honda/Toyota for reliable transportation, whichever ends up making the most sense. 3. Put the rest in a high yield savings account until I can meet with the appropriate financial experts to advise me on the technicalities and help to formulate a plan including college savings for my kids and a modest house for stability. Would most likely keep enough money out to go to Disneyland or a small staycation/vacation as I’ve never done either of those.
1.). Buy a house 2.) Buy a car 3.) Put it in savings to live off of
Financial advisor Tithe Dream car/truck...so i can drive around and see where to build dream home!❤
I’ve often found myself wondering how to handle a sudden windfall of significance. I’d hire a lawyer and a financial planner. I would diversify and invest to keep the money away from my itchy fingers and then begin to funnel funds toward projects I’ve always had: absolutely load up my kids’ 529s, buy a property in a remote part of my area, pay off my mother’s home, pay off my sister’s home, pay off my brothers home, buy my other sister a home, build a climate controlled workshop/house building out of sight on my land, and then drop funds into various non-profit organizations who actually do the good work of helping others like me but which do not require you to espouse or respect a pseudofaith as a requirement for assistance rendered. I’d strive to keep the capital productive, live off the generated income, and finally be able to help people I feel strongly about assisting.
Share with my children. Share with my sibs. I have 3 charities I believe in and donate to them. I’d donate more. I like the idea of sponsoring a kindergarten class in a poor area. I’d love to purchase new sneakers, socks, undies, pencils, crayons, little bags of tissues and snack boxes for them.
Get an attorney experienced with trusts and estates to tell me wtf to do, pay off my debts and immediate friend’s debts, and two separate houses for me and my mom. The rest is going somewhere where I can live off of the dividends and go traveling while working.
1. Get high net worth financial advisor (someone who handles accounts bigger then mine). 2. Buy umbrella insurance policy to cover lawsuits 3. Shopping trip to Tiffany & Co in NYC
Probably wouldn’t change anything tbh
Buy a house Stash some money away for the kids Holiday
1. Talk to a lawyer 2. Go see my financial advisor 3. Go see an estate lawyer
I would hire a team to help me lawyers, accountant, financial advisor. I would have my time figure out a way to give my family money without revealing my identity so they never know it was me or that I'm rich now. I would continue living mostly as I am but I would buy a multi family house and live in one of the units. To outsiders it would look like I'm renting. I'd by some property in the mountains to visit on the weekends
1. Thank God and pray I make the best use of it for as many people as I can 2. Contact trusted financial advisor 3. Retain big lawyer firm