If you won the lottery?

[chell]

What would you do with the money if you won $300 million? Say you have $125 million left after taxes - depending on your state and all.

Here is where my money would go:

$25 million into the market, CD's or something that could make me some money

At least $500,000 to a friend in college planning on going to law school.

Pay off my sisters' house and their cars and any other bills they have. They could sell that house and buy a new on if they want. That way they can get the perfect house for them and the kids. A trust fund would be set up for each of the kids too. And I would give each sister at least $5 million.

Guess I have to pay off my mother's house too or she will be upset with me. Being how she is with money I'm not sure how much extra money I would give her.

I would also pay off my dad's new house and give him some money too.

My true friends would get so much money too.

I would take a large portion to try to start up something to help homeless people in my area too. This would help them get back on their feet and help them learn the skills they need to a good job and help them find a good place to live. In my area there are a lot of people who have chosen to be homeless but I would at least offer them help if they wanted it.

My dream is to have a little community like thing set up where they can live while they are learning the new skills and such and to get them off the streets. But they would have to work to stay there. Do work to keep up the community and such in exchange for a free place to stay while they get back on their feet. It wouldn't be like a shelter though. Each person/family would have their own space.

I know there would be a lot of hard work to even attempt something like this but it is my dream and what I want to do to help people.

Oh yeah, I would have my dream house built and buy myself into the DVC. Gotta get those Disney trips in there.

I would also try to do more to help promote my two favorite bands and help them finally make it big.

What about you? Is your lottery dream as detailed as mine? Hopefully at least one person has one more detailed.

 

[Mermaid02]

Set up trusts for my 2 children and 4 nieces and nephews. Invest, invest, invest. Buy a home in Florida and a larger home here. Buy a NEW car (never had a NEW car). Tell my mother she could retire NOW. Give a million a year to a charity.... different one every year.

 

[monarchsfan16]

If I were to win, today, I'd set aside enough for the rest of college, and more for grad school. I'd then stick a decent amount (I'm not good enough with numbers to know exactly what that might be at this point) in the bank, and in stocks to get me through the rest of my life (though I would work too, after graduating). I'd pay for my sister's college and grad school and stuff, and stick a big chunk in my mom's retirement fund. The rest would be donated to helping the flood victims here in NH, and some to cancer research.

 

[Tjaleks]

I would definately set up college funds for my children and all of my neices and nephews, (all 22 of them). I would pay off all of my debt and assist my mother and step dad. I would then purchase a home, or build a home for my mom and step dad any where they wanted to live, (the ozarks, if I had to guess). Then set them up to retire. My other 2 sets of parents are retired all ready so we would just cushion that for them. At this point I would make decisions concerning my brothers and sisters. Some of them I would pay off their houses, others I would give a monthly allowance because they have no brains when it comes to money, and then that would be when I would start planning our life.

I really want to be able to see the US. There are so many places I want to go and visist that I never did as a child and want my kids to see. So tour the US and then travel abroad.

I currently work for a non-profit org that needs help so that would be my charity of choice. I would donate the money required to build a new school for my students, (and they wouldn't even have to name it after me I could see it now "The Ms. Staci School" No thanks. ) Then I would set up a scholarship fund for the kids who decide to go on to college or a trade school.

I am sure we would invest quite a bit of the money. I would hope that I wouldn't become one of those people that would waste it all, but knowing myself I don't see that happening.

 

[parrothead365]

The first thing I would do would be to walk into my boss's office, stand on his desk and moon him. I would then pay off all the bills, pay off famialy debts to a point. Finnish setting up the DS for colleage. Find a tropical place to live that never runs out of rum and settle down. Oh and I might have to buy a few more DVC points, but heck I could pay rack rate and not have to sweat it.

 

[chell]

The first thing I would do would be to walk into my boss's office, stand on his desk and moon him. I would then pay off all the bills, pay off famialy debts to a point. Finnish setting up the DS for colleage. Find a tropical place to live that never runs out of rum and settle down. Oh and I might have to buy a few more DVC points, but heck I could pay rack rate and not have to sweat it.

Hope your boss doesn't have a video camera in his office.

 

[Marseeya]

The very first thing I'd do is build a great big house and fill it up with all kinds of goodies.

After that, I'd give away a huge chunk of it to friends and family, as well as charity.

After that, invest, invest, invest.

 

[2TxAgs]

I've played your little game many times in my mind. First I figured I would give 3% each to my and my husbands siblings and parents - total would be 21%. The kids college funds would be taken care of, and some $ in a trust fund for them for later. This easily leaves more than $50M of your theoretical
$125M winnings. If I didn't invest a cent, I could still give to charity and live off a million a year. What we'd do with it, besides travel, I don't know.....

I was thinking of Oprah being worth something like $3Billion....if she lived another 30 years (let's just say), that would mean she could spend $100M/yr, which is like a million bucks every three days. Can you imagine?
(Yes, I know lots of her wealth is tied up in her holdings, but if it was all liquidated....WOW)

 

[parrothead365]

Hope your boss doesn't have a video camera in his office.

If he does the I give him permission to use that image as a screen saver for his PC

 

[Sparx]

1. faint
2. go on a huge shopping spree (I am talking cars, computers, EVERYTHING I've ever wanted)
3. buy up surrounding property.
4. tear this house down
5. build newer, bigger, better house
6 get all of family out of debt
7 college fund for me
8 bank
9 invest
10 charity

I love to think about stuff like this.

 

[chell]

If he does the I give him permission to use that image as a screen saver for his PC

We would probably see you on the tv too.

I would quit my job too but I would offer to still help them during the busy times.

I would have to do some type of work but it would may just be volunteer work so that I can work when I want.

 

[parrothead365]

We would probably see you on the tv too.

Only my best side.

 

[Disneynutbsv]

Well, first thing I would do is pay off my bills. Next I would make sure my parents and my dh's parents were finacially set. Then I'd set up trusts for my kids, take care of my grandmother and various other family members.

Take a 2 week trip to Walt Disney World and stay at the Grand Floridian, take a Disney Cruise and have a true "Grand Gathering"

Set up CD's Various charities...

I don't know if I'd "quit" my job (I own a salon), I'd probably upgrade my salon too!

 

[N.Bailey]

I replied to one of these earlier. As I said there, I'll repeat it here. My family would probably have to decide what to do with the money because I'd be lying on the floor dead of a heart attack!

Okay, 1st 10% to charity with more to follow at a later point and of course, yearly from interest as well.

I'd have our dream house built. It wouldn't be a mansion, but it would be a nice size.

Pay our debt off, which really isn't that much.

Give money to family and friends.

The majority of it however would go into my children's names right away. That way I wouldn't pay the tax this year. They would and of course we'd send payment from the money that's been set aside for their trust. I refuse to pay tax now and then them have to pay an inheritance tax later. It would be taxed ONE time (at least until it's passed on to their own children)!

After all of the above though, we'd just enjoy life. Shopping, vacationing, etc....

 

[Nancy]

If I ever won the big one my first thing I would do is be on the phone booking a trip of a life time to WDW. It would be so nice to go and not worry about saving every single bit of spending money. I'd also book the cruise and buy into DVC. (plus i'd take all my family with us)

Now after all that I would pay off debt, give money to my family and Dh's family, I would love it if my Mom and my MIL could retire and enjoy life a bit.

Set up the kids for college and the rest of their lives. Either buy a new house or do a huge major remodel on the one we are in.

Invest, invest, invest....oh yeah, I would start working PT instead of full, DH could quit his second job and possible work only PT too.

 

[barkley]

after all the "right things" (retirement, educational investing...) i would like to do anonomous acts of kindness. big ones-pay for the college education and living espenses of someone who is working their way through school, see someone whose car is on it's last legs-arrange for the local car dealership to present them with a new car complete with all the regular service visits and insurance covered for 5 years, local boys and girls club meets their goal to buy some equipment send them a matching check. little things-a years housekeeping and/or yard service for people, surpise pizza and bounce house party for the local schools, get the local bookstore to send 20 copies of the hottest bestsellers as they come out to the local senior apartments, assisted livings...

i def. would not want the "luggage" that goes along with a big win so probably a chunk would go to a good p.r. person to keep me out of the limelight.

 

[Sparx]

I replied to one of these earlier. As I said there, I'll repeat it here. My family would probably have to decide what to do with the money because I'd be lying on the floor dead of a heart attack!

lol, I'm with you. I would first have to pay the nice paramedic that recessitates me.