If you won the lottery, say 80 million or so, what would you do with it?

Question

If you won the lottery, say 80 million or so, what would you do with it?

Answer 1

get an accountant.

Pay off debt.

put half into savings for my kid.

cutclose friends and fam a check for a half million. (to leave me alone)

donate.

move.

buy a house.

travel (splurge)

open my own day care to help parents  who cant afford daycare.

Answer 2

Buy a house, car (sports car), try and open up a huge business, and other luxurious stuff!

Answer 3

80 million would let me pay off my debt, quit my job, and let me become a romance novel writer.  Most of the $$ would be invested, but the part that I didn't put into investments would make my life a lot less stressed.

Answer 4

Give all for charity. Keep perhaps 2 million for myself.

Answer 5

waste 60 million

save the rest for a rainy day

Answer 6

Invest 70 million.  Blow 5 million.  Do random good deeds for everyone that I run into that deserves it - 5 million.

Answer 7

I would donate a bunch of money to a lot of charities.I would also help my friend beacuse we have this cottage but her grandma is selling it for 600,000 so I would give the money to her parents. Also My parents and I would move into a bigger prettier house.Then I would get us a better truck. Also I would get me a laptop. Plus pay all the bills off.Then I would save some for college.

Answer 8

Give quite alot to charity($35mil), and buy a few luxuries and a couple of nice cars. I could also start a business Company.

Answer 9

i would buy a business or a land like a plaza or a mall and then i don't have to worry about wasting all my money cuz i will be getting money easily. After that i'll just buy a big house with a pool, chacuzi, and an indoor basket ball court for my family and custom cars for every family member. After i'm done with wasting money for my self and my family, i'll donate some money to some churches.

Answer 10

I would start by making sure that we were secure, financially and otherwise.  I would hire really good people who were experienced in handling a high net worth investor, and probably would have to move out of my condo because there isn't security here.

Next I would make a point of putting a lot of money into different trusts:  One for each of our siblings.  The trusts would each be based on their individual situations.  I would take care of my Mother's retirement situation because she's not done the greatest job of it (she did raise two kids on her own...not a lot of savings opportunities there) and I would also put forth a trust for my stepsister's kids for their educations.  Ditto to my dear friend's kiddos who are bright and who's parents don't make enough to pay for top universities out of pocket.

Next I would make some endowments to a few charities.  One would be to my grandfather's alma mater.  My Pa wasn't able to go to college after WWII because he had responsibilities that the GI bill wouldn't cover.  He didn't get to go back until he was in his 60s, and he said that those times were the best times of his life, though I would like to think that us grandkids had a little something to do with that, too!  

Nowadays the GI bill doesn't even cover as much as it did after WWII when my Pa couldn't afford to go, and a lot of our troops aren't going on to college because of that.  I would endow a significant fund to help cover the gap plus help with living expenses at my grandfather's alma mater.  Since that campus is now looking into building dorms (it is a commuter school) I would probably fund a family-friendly building in his name also.  

I would start a micro lending institution for here in the U.S. to help small businesses with their smaller needs.  Sometimes it takes just a few thousand dollars to expand a business in a very big way, and the opposite can be true as well:  Some small businesses can be sunk just by losing that one vital piece of equipment.  The finance companies can charge ridiculous interest on equipment, way more than a lot of small business can afford, so what happens is these little companies sign a stupid finance agreement because they need a piece of equipment right away, and the high interest slowly bleeds that small business to death until it fails.  That isn't fair and it is really bad for our economy, so I would find ways of loaning money for much lower interest, as well as provide a network of services to those businesses if they need advice or legal assistance.  I would help struggling startups also, not just businesses that are already in the game.

I would also make a significant donation to Modest Needs (modestneeds.com) and to Kiva (kiva.com)  I think they are both innovative charities.  Modest Needs offers one time grants to people who are having a bit of trouble, and Kiva does international microlending.  The donation to Kiva would be for operating expenses.  

After that was all set?  I would buy a great victorian or old farmhouse in a University town and go back to school with my husband.  He hasn't gotten his Bachelor's degree, and I have one, but not in any kind of actual field.  I would go back for a science related degree, perhaps to become a Vet, and my husband would be able to study History without actually worrying about choosing a major that was profitable.  He could go all the way through his PhD, and I could study what I wanted and we could start a family without worrying about how to pay for it all.  We'd travel and get to see great places and bring our kids there, too.  I would also organize a couple of family vacations, renting a Tuscan Vila for a month and bringing my FIL's  family there, enjoying a trip to the french riviera with my MIL's family, and generally enjoying myself...but not all the time.

What I wouldn't do is quit working.  If I wasn't in school, I would still work, but I would be able to pick work that I loved and that I found interesting and that made a difference in the world.  Nothing depresses me more than to have nothing to do!

Answer 11

spend about 25% or less for your materialistic wants. save 35%, invest on 10% and donate the reset to charity. that's what i would do. i don't think i would ever want all that money.