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Related: Culture Forums, Support ForumsWhat would you do with the money if you won the lottery??
For me, I'd:
pay off my house
buy a new car
probably keep working, as it keeps me sane
do some travel
give generously to my many favorite charities/causes
What about you?
tazkcmo
(7,300 posts)Dad always told me the best investment is property.
HopeAgain
(4,407 posts)they go for cheap.
Generic Brad
(14,275 posts)They are all used.
LuvLoogie
(7,027 posts)Pay off my mom's reverse mortgage, remodel her house, get her the best nursing care and stay with her until she gets back to health. Give my sister a break.
PoindexterOglethorpe
(25,895 posts)I'm assuming you mean one of the mega jackpots?
If so, I'd probably buy a nicer and somewhat larger home than my current one. I'd do serious travel. I would quietly give money to some people who I know need it.
I might look into setting up my own charitable foundation, although giving directly to causes I support would probably make more sense.
But if I only won a few thousand dollars, I'd stash it into savings to use for things like needed home repairs.
CurtEastPoint
(18,663 posts)I'd open a big animal (mostly kitties!) sanctuary.
PJMcK
(22,048 posts)Just kidding.
Same as you, allsagirl. I'd probably also set up some generous trusts for my family.
Lastly, I'd go to Europe. (Apologies to Steve Martin)
Arkansas Granny
(31,528 posts)pay for college for grandkids, great grandkids.
ailsagirl
(22,899 posts)guillaumeb
(42,641 posts)a greedy, selfish Republican.
Binkie The Clown
(7,911 posts)I'd set up some scholarships and give to worthy charities. Whatever it takes to get rid of it and do some good in the process.
I already have what I need to be happy. Gobs of money would only give me stuff to worry about.
ailsagirl
(22,899 posts)Like you, I have no desire to be wealthy-- I'm quite content as things stand
C_U_L8R
(45,020 posts)(we should all be doing that anyway)
RandySF
(59,224 posts)Buy a modest house and car.
Set up an education fund for my son through college.
Set up a trust at my sons school for capital, operations and tuition assistance as they serve a lot of kids in the Mission.
Set up a trust for my wifes family overseas
If I win enough, set up an organization to recruit, train and support Democrats/progressives in the red parts of California.
ailsagirl
(22,899 posts)You must have Scottish blood (as do I), since your expenditures are not at all extravagant/shallow
Sneederbunk
(14,300 posts)SummerSnow
(12,608 posts)ret5hd
(20,518 posts)This guy's been poking around my building:
Turbineguy
(37,365 posts)what I'll do after I switch to the GOP?
Actually, I've been thinking about starting a superpac, something like "Stop Electing Morons". I'd put up billboards in republican districts with unflattering remarks about their incumbent republican or republican candidate.
"Welcome to Nevada, where it's easier to get shot thanks to us!" (picture of republican politicians).
Here's one to put near the NRA HQ: "Die like an American, get shot!"
And for Texas District 1, (picture of Louis Gohmert) "Do you really need to have the dumbest motherfucker in Congress?"
The possibilities are nearly endless.
lunasun
(21,646 posts)MFM008
(19,818 posts)at the ocean.
take care of my family and get my mom in -home care. (hired help)
start a few no kill shelters.
lots of charity.
trip to Bora Bora, London, Paris, Italy, Hawaii, and a cruise in a felucca down the Nile River.
The closest I ever got was winning $2000.00.
ailsagirl
(22,899 posts)The other things sound great, too!
Angry Dragon
(36,693 posts)RandySF
(59,224 posts)elleng
(131,107 posts)as well as select charitable orgs. Travel.
(I rent a nice house at a great spot, and have no interest in 'owning' again. My kids/daughters can do that if they want, which they do.)
Lifelong Protester
(8,421 posts)Kleveland
(1,257 posts)Lifelong Protester
(8,421 posts)TlalocW
(15,391 posts)So much of who I am - for better or for worse - is based on being successful with my business (which is just me) and making it doing something I like even if I could probably make more working for someone else.
Take away that, and you take away a big part of what gets me up in the morning.
TlalocW
Smickey
(3,336 posts)Yellowstone, Yosemite, Glacier (sorry I am on the west coast its my fantasy and my pretend money) and pay for DUers to come and hang out for a time.
We could build a Boxing ring so the Bernie folks could have a go with the Hillary folks and then have a refreshment or 5 and realize we are in this together. As many of us are 'of a certain age" it paints a funny image. I'm thinking canes and oxygen tanks.
Boxing thing aside it would be a blast I think.
Then of course buy a flight into space.
yea yea yea pay for kids college debt, buy stuff and give the rest to charity.
lol
The Wielding Truth
(11,415 posts)mahina
(17,696 posts)irisblue
(33,023 posts)Outfit 1-2 mobile surgery vans, hire students & a supervising Vet to go round to local homeless camps to take care of the critters. Spay/neuter/microchip if wanted, shots, food, sweaters for dogs/ cats in this cold area, leash, collar, maybe crates.
Fur friends are taken care of, students get experience in dealing with homeless people who are just like the non homeless who love their critters.
Merlot
(9,696 posts)Iggo
(47,565 posts)I've been very careful not to build a family that I can't take care of. I'm not gonna spend my final years taking care of three.
Phentex
(16,334 posts)Port Obama
fleur-de-lisa
(14,628 posts)NotASurfer
(2,154 posts)Then debt
Then take stock of whats left
Best case: I can quit immediately, trade in the car for an electric (any convertibles? theres something about a convertible...), move where I dont have nosy neighbors, learn to play guitar, and sit outside the offices of my elected officials exercising the right to petition for redress of grievances. Especially orange grievances
Worst case: the change left after IRS and debt pays for a few mad-dog margaritas, and aspirin the next morning
A HERETIC I AM
(24,377 posts)filing single. Higher filing married or head of household.
So a multi million dollar Powerball win is for the most part taxed at 39.6%
After that however, as long as the remainder never makes money (like for instance, you got it all in $100 bills and put them under your bed), you could go the rest of your life and never pay another penny in income taxes. You would only pay on any money the money makes.
sheshe2
(83,898 posts)Then evict the stooges that live and work there and return it to the rightful occupant...Madam President.
crazycatlady
(4,492 posts)I'd buy a new car, invest some, and give back in the following ways.
1) Buy items from up and coming Etsy shops to be given to charity auctions/raffles. Etsy isn't easy and I want to help the artisan community. As an Etsy seller, the email about a sale can make your day/week.
2) Donate heavily to Emily's list candidates. Especially at the state and local level.
3) Have a scholarship fund for girls interested in going into politics.
4) Donate to cat rescues.
ailsagirl
(22,899 posts)Like you, I'd donate a ton of money to cat rescues!
Runningdawg
(4,522 posts)NNadir
(33,544 posts)MrScorpio
(73,631 posts)And travel some more.
ailsagirl
(22,899 posts)A quandary
smirkymonkey
(63,221 posts)I love travel, but I just hate flying. I will do it, but I usually need some sedatives or a few drinks. Even then, I still don't like it. I would love to just live in Europe for a while and train it all over the continent instead of having to fly everywhere.
ailsagirl
(22,899 posts)That would be ideal
Hayduke Bomgarte
(1,965 posts)Assuming the winnings were of an obscene amount, would be to do something big in animal rescue. Primarily dogs and cats, but all animals.
ailsagirl
(22,899 posts)I'm right there with you!!
TexasBushwhacker
(20,214 posts)so that I could live long enough to enjoy it.
Consult a tax attorney and estate planner.
Buy a new car. I'm driving a 2006.
Pay off my brother's home.
Buy a nice little houses for a couple of friends and one for me too.
Set up a trust for my cousin's handicapped son.
Write a bunch of $14K checks to friends and family. That's the max you can give every year without paying the gift tax.
Donate to some charities and political candidates.
ailsagirl
(22,899 posts)Hey, I'm driving a 2001!!
TexasBushwhacker
(20,214 posts)I want a Subaru Outback. What about you?
ailsagirl
(22,899 posts)It's a Toyota Corolla-- good car-- people tend to keep them a long time
I'll have to wait and see-- I'll keep ya posted
Good luck with your Outback!
TexasBushwhacker
(20,214 posts)I'm the original owner, so I'm just tired of driving it and worried about finding parts if it breaks down.
fleur-de-lisa
(14,628 posts)She won't die! I'm driving Betsy til the bitter end (me or her, whoever goes first).
AJT
(5,240 posts)jmowreader
(50,562 posts)Let's put some hard numbers into this thing. Let's say, after the tax man gets done, I'd have $140 million left over.
I would pull $20 million off the top for things like setting up a fund invested in something safe that spits out $1000 per week, for my personal living expenses, giving $1 million to each of my four siblings, buying a house, and so on and so forth. I have no "long-lost relatives" to fund, so that's not a huge issue. (Come on: how many Mowreaders could there possibly be?)
$100 million divided 50 ways equals one $2 million new business in each of the states. None of the businesses can be retail or food service because I want ones that can pay good wages. And as much as I like the idea of legalized marijuana, until it's been descheduled at the federal level I don't want any pot businesses because of maniacs like Trump and Sessions, who would close every marijuana-related company in America in a New York minute if they could figure out how to do it. My businesses will put their profits in a common business bank account, and when the account hits $3 million we will start another business. If it's run correctly we should be able to plant five to ten new businesses per year.
And just for fun, I'd like to take $20 million to go to a midsize town off the Interstate in a blue state, and open an old-fashioned service plaza that's got gas pumps, service bays, a diner, a hotel, parking for fifty trucks, a truck service shop...I want uniformed pump jockeys, a soda fountain with soda jerks, the best burgers in town, drive-in service, waitresses on roller skates, a record machine in the back with a dance floor in front of it, neon signs, just this whole Fifties vibe.
lastlib
(23,286 posts)I'd get the h--- OUT of this red state! Then I'd spend like a fiend to turn it blue!
jberryhill
(62,444 posts)Kaleva
(36,342 posts)dflprincess
(28,082 posts)Assuming she has one, of course.
Not really. I'd save enough for a worry free retirement, help my nieces and nephews, and write checks for charities and liberal office seekers
Kablooie
(18,641 posts)smirkymonkey
(63,221 posts)Set up a trust to pay me out living expenses through retirement
Give money to family and friends
Donate to Democratic candidates and liberal causes
Buy an apartment/condo
Furnish and decorate said apartment/condo
Travel
Have a little fun money to play with - shopping, spas, etc.
GeorgeGist
(25,323 posts)To NZland.
Tikki
(14,559 posts)on what hypocrisy actually is and how destructive it is and, also, remind organized religions that according to their Holy text..Hypocrisy* is a Sin.
*also called 'lying'.(see trump for daily examples)
Tikki
Dulcinea
(6,661 posts)Buy my husband a new truck.
Get the house fixed up the way we want it.
Fatten up the college &retirement accounts.
Travel, far & wide.
Give some to worthwhile causes.
"Give some, spend some, save some."