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What would you do if you won the Mega Millions Lottery?


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I don't play the lottery, but it's fun to think what to do with the money. It's at $500 million now, and if one person wins and takes the cash payout, it would be around $350 million.

On the news they asked what would you do with the money. One person said buy a life time supply of Oreos. Younger daughter approved of that answer.

I would build a new house that my husband and I could age in place in a location with an amazing view of some type. Set up trust funds for my children so that they would have a source of supplemental income but so that they would have to work as well. When they were ready to settle down, buy them a home or property wherever they wanted to live. Set up trust funds for future grandchildren. Set up educational funds for my niece and nephews. Probably pay off the homes of my brothers and my husband's siblings. I would quit my job. Travel around the country and the world. Get a really good financial adviser. Become a financial benefactor to a few worthwhile charitable organizations.

What about you?

75 Replies (last)
#1  
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I would pay off all my debt, then I would put enough money aside so my kids could go to college and have alot of money lol Then I would do some traveling and have some fun with the family. And u can't forget to give back to community or less unfortunate:)
I too would do the usual pay off bills, buy/build a home, trusts for my kids, invest, donate, etc. I definitely wouldn't work, bit I'd volunteer at my kids' school. I'd buy a motorhome to travel across country through the summer. I would take my kids all around the world, trace our ancestry, visit ancient temples, snorkel in coral reefs, participate in cultural celebrations worldwide. And I'd buy a houseboat to chill on the lake. My home would have a pool, huge deck, fire pit, hot tub, huge family room that feels cosy and warm. Probably put in a slide just for fun. I'd be able to hire help to clean (I have Fibromyalgia, and am growing increasingly less independent). We'd hold big get togethers, my kids' friends welcome anytime. Have a whole room devoted to arts/crafts/sewing/pottery/photography. Wouldn't make life full of love, but would make life free of stress (financially). AND I buy a brand new vehicle. Which I've never had.
  • Quit the association, pay off the mortgage on the condo and list it on the market for $20 to get rid of it. Okay, first I'd list to make a profit and after a few days, i'd go real low. It'd even post in the description "Won the lottery...Now it's your chance!"  (albeit, the complex is a dump).
  • Find someone to replace my position at my father's company
  • Complete my degree/license (10 weeks!!!) and move to the west coast. Now that we have the money, we'll have more courage to do it.
  • Invest like a mad woman (multiple properties/maybe even remodel a complex as a rental property).
  • Pay off C's student loans
  • Continue to be a tightwad, because I hate spending money.

ETA:
inspired by rac: I've always wanted to run a doggy day care and dog park :)

Lots and lots of animal causes. I would try to put the local city government of the worst shelters in my pocket, so to speak and push for tougher laws and standards for animals.

And yes, of course I would buy a huge house on lots of land where I could happily run my own rescue zoo, and would give lots to my loved ones.

Then..brand new BMW 750 and at least one twenty carat diamond ring.

I'm good, I'm kind..but I'm not a freaking saint.

 

#5  
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The guys at work and myself were talking about this today.  The first thing you would have to do before claiming the winnings is move.  Because when they announce the winner, they tell where they are from.  People will look you up and the magnitude of security you would need would be insane.  I would give money to my daughter and help her with college and put money in a trust for my grandbabies.  I would also give to my dad and brother.  I would get a cabin with a view and buy the car I want.  I would quit work and do some travelling.  I would go back to Ireland and see my dear friends I left behind.

The charity that I would give a substantial amount to would be the "Wounded Warriors".  90% of their donations actually go to help the guys....unlike alot of charities that pay administration.

I've been spending it already... then I remember I have to play to win Frown

in the unlikely event I jumped the hoops... I have no debt, so I'd start with family member debt.  And then a trust (locked up tight) for my son. Rehab mom's house.  Make a Wish, Planned Parenthood, Habitat for Humanity, Domestic Violence shelters, and a plethora of others... Set up college funds for the nieces/nephews. Replace my 2001 Honda with Hybrid of some form.  Buy a condo in DC and Chicago and probably Savannah -- or NorCal.  And the government would probably really encourage me to quit... but I'd have to think about it.

Of course, I was figuring on only about 100 mil after taxes Wink

Original Post by 3xmyheart:

The guys at work and myself were talking about this today.  The first thing you would have to do before claiming the winnings is move.  Because when they announce the winner, they tell where they are from.  People will look you up and the magnitude of security you would need would be insane.  I would give money to my daughter and help her with college and put money in a trust for my grandbabies.  I would also give to my dad and brother.  I would get a cabin with a view and buy the car I want.  I would quit work and do some travelling.  I would go back to Ireland and see my dear friends I left behind.

The charity that I would give a substantial amount to would be the "Wounded Warriors".  90% of their donations actually go to help the guys....unlike alot of charities that pay administration.


Okay, I'm sold. Twenty million for the Wounded Warriors.

 

#8  
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Thank you raychelc.....the guys would be forever thankful.  This is an amazing charity.  Unfortunately, we have lost so many men and women in the last several years.  My heart cries for the ones left behind.  We tend to forget about the ones that survived with so many handicaps.  These men/women deserve to be repayed for fighting for our freedom.

HUGS!

I'd party like it's 1999.

Original Post by catwalker:

I'd party like it's 1999.

Beer & Bowling? WHAT?

Quit my job and climb full time. All 7 summits. Everest first. Also buy a larger house with a nice yard for my pups. And invest like crazy. Don't have any debt really so maybe pay extra in bills so I don't have to think about it. Oh and hire my trainer for a few yrs five times a wk.
Original Post by buggyhair:

Original Post by catwalker:

I'd party like it's 1999.

Beer & Bowling? WHAT?

Hell, I might even buy a bowling alley.

Original Post by catwalker:

Original Post by buggyhair:

Original Post by catwalker:

I'd party like it's 1999.

Beer & Bowling? WHAT?

Hell, I might even buy a bowling alley.

You could live out your bowling shoe fetish.

Bowling shoes with no socks is one of the grossest things ever, and I have my own bowling shoes.

Take care of my family and then more far away from them.

*Poof! I'd be gone, vanish without a trace, & build a brand new life*

Original Post by clg1:

I don't play the lottery, but it's fun to think what to do with the money. It's at $500 million now, and if one person wins and takes the cash payout, it would be around $350 million.

On the news they asked what would you do with the money. One person said buy a life time supply of Oreos. Younger daughter approved of that answer.

I would build a new house that my husband and I could age in place in a location with an amazing view of some type. Set up trust funds for my children so that they would have a source of supplemental income but so that they would have to work as well. When they were ready to settle down, buy them a home or property wherever they wanted to live. Set up trust funds for future grandchildren. Set up educational funds for my niece and nephews. Probably pay off the homes of my brothers and my husband's siblings. I would quit my job. Travel around the country and the world. Get a really good financial adviser. Become a financial benefactor to a few worthwhile charitable organizations.

What about you?

I would invest in rutabagas.

I'd eat it.

Don't ya make me repeat it.

75 Replies (last)
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