If you won $30 Million

[Lakumi]

US... or Canadian if its doing better:lol:

No taxes, (yeah I know the US taxes lottery winnings but we don't here so we'll go by Canada's rules)

What would you do with it?

Where might you live or spend time away from home?

Some fun little things you might buy, etc...

[Dravin]

Going along with the hypothetical:

1. Pay off my debts and hold enough aside to cover my foreseeable schooling costs.

2. A new car ($20,000 - $30,000 range)

3. Electronic toy upgrades (computer, surround sound, Nexus 7, smart phone, maybe $5,000 or less).

4. Put some aside for a great European vacation.

5. Talk to a financial planner about what to do with the vast majority that remains.

[Bini]

We would payoff any and all debts, first. Then we would setup the parents, who are in their 70's now, with any financial aide needed but both sets of parents would probably decline any such gesture. The rest would be put into some kind of savings, or invested into real estate. As much as I'd love to spend big money, my husband is very grounded and frugal, he'd set X amount of money aside for "fun endeavours".

[Lakumi]

I don't have any debt, being only 24 (nor did I go to collage) so I assume I would simply go crazy, since I would have no direction and the strangeness would come out fill force...

[beefche]

1. Get set up with a good attorney and financial advisor.

2. Pay off all debts.

3. Put enough away for Dravin's schooling.

4. Trip to Hawaii and Bulgaria and a few other places.

5. Provide a set amount to our immediate family (we would do this by paying off mortgages, or a car or something similar).

6. I will finally get my theater room.

I think Dravin and I need to have a discussion about our plans when we find the winning lottery ticket in the Walmart parking lot.

[skippy740]

I would wonder how I would win when I never play...

[Lakumi]

I would wonder how I would win when I never play...

Q from Star Trek (or Discord from My Little Pony- same thing) appears and snaps his fingers.

You are winner !

[Smudge]

I would build myself, my mum, my cousin and my housemate houses to meet our individual needs while being environmentally friendly. I would take an amazing holiday to Tonga and Samoa. I would donate some to my local girl guide county to pay for our new activity center and some to national girl guiding to create a fund for girls from underprivileged backgrounds to be able to take up international opportunities. I would go back to uni and pay for any of my friends who also wanted to. Finally I would make regular food bank donations

[skippy740]

Q from Star Trek (or Discord from My Little Pony- same thing) appears and snaps his fingers.

You are winner !

"I am NOT a merry man!" - Worf

[Lakumi]

"I am NOT a merry man!" - Worf

ah classic TNG gold

[LilyBelle00]

1. Become a SAHM

2. Pay off debts

3. Buy new, bigger house

4. Send money to close family members (that I like)

5. Split money into accounts for schooling, emergencies, vacations, so on.

6. Have (or adopt) more children!!!

[Anddenex]

1. Payoff all debts.

2. Purchase a nice home for each of my siblings.

3. I have three business ideas that with this amount of money I could easily progress to fruition creating jobs for many.

4. Tour the world with my lovely wife -- she wants to visit all the art galleries in Europe.

5. Then figure out with what was left over helping others either by monetary means to get business started, or simply pay off people's cars without them knowing who the giver was.

[pam]

1. Hire a financial advisor

2. Pay off all debts

3. Go on a world tour for several months (outside the US)

4. Then purchase an RV and take about 6 months to tour the US

5. Take 5 low income families on a trip to Disney World

6. Donate 1M to Alzheimers Foundation

[Lakumi]

my house would be the biggest taker of my money, I'd design it after, well I won't go into the movie-needless to say it would be a palace.

And would be burned to the ground upon my death

[Anddenex]

3. Go on a world tour for several months (outside the US)

*cough* ehhem...I think world tour implies out side of the US

[Saldrin]

buy a small island, and a used warship.

[NightSG]

$10M in very low risk investments. 1% interest would be $100k/year.

$200k to be gifted to a few people who could really use it, some conditional.

House, land, car, excellent video camera to catch the bishop's expression when I tell him I was out of tithing envelopes and just hand him the check and slip.

The rest? I'd probably just blow it on toys. After all, I'd have a six figure income that I could count on.

[Praetorian_Brow]

Gambling is against church policy. Good luck paying tithing on that one.

Of course, we are all dreamers, so I would invest it after taxes, then pay of the family by settling some mortgages and loan, then tell them never to ask for money.

Edited July 13, 2013 by Praetorian_Brow

[pam]

*cough* ehhem...I think world tour implies out side of the US

So the US is not part of the world?

[Lakumi]

Gambling is against church policy. Good luck paying tithing on that one.

Of course, we are all dreamers, so I would invest it after taxes, then pay of the family by settling some mortgages and loan, then tell them never to ask for money.

thread never specified how you won (though I did make a Q joke earlier)

[NightSG]

Gambling is against church policy. Good luck paying tithing on that one.

I used to get an extra $20-200 a week looking through the scratch offs that had been tossed at the bus stop while waiting for my bus. People either couldn't understand them or decided that the $1-2 winners weren't worth the trouble. Found $75 winners twice, and $20-40 several times.

I could easily imagine finding a ticket where someone looked at the numbers wrong and tossed a big winner.

[Guest]

I would spend it all either of 2 ways or both:

1.). Buy reclaimed beachfront property in Cordova, Mactan and make it into a public beach that all residents of Cordova can use for free. I'm appalled that the poor locals in Cordova can't even afford to go to the beach anymore as all of the seaside are now resorts that charge big bucks for day use.

2.). Build a public market in Cordova that has tables with glass covers or make it an enclosed public market. The public market that the local people go to here every morning is an open market with fish and meat laid out on rickety wooden tables and flies buzzing all over the place. Most of the locals can't afford to buy their fish and chicken from the grocery store.

What about me and my family? We're doing just fine with the money we are making.

[Lakumi]

I feel I just don't have enough crazy junk and mad dreams that have come true

I'd have a job for something to do (part time) but wouldn't take it seriously...

But what sets me apart from all of you is, well you all seem to have families and I don't (after I buy homes for my 1 sibling and parents and give them some money- the rest will be at my full mad whim)

I'd make a lot smarter choices with 1 million then 30 lol

[prisonchaplain]

US... or Canadian if its doing better:lol:

No taxes, (yeah I know the US taxes lottery winnings but we don't here so we'll go by Canada's rules)

What would you do with it?

Where might you live or spend time away from home?

Some fun little things you might buy, etc...

I'd up my standard tipping from 20 to 22%.

[dahlia]

In my discipline, there are a number of subfields that never get much funding. Still, people need to go to conferences, hire grad students, etc. I would love to set up a foundation that provided funding for research or doctoral studies in these fields.

I suppose that out of guilt I would fund my mother's living expenses (long story, don't want to go there) and give my siblings X amount and tell them that is it, the bank is closed (another long story). I'd pay off debts, get another house, set up my son with whatever he wanted, and then sit back and figure what I'd want to do.

At 30 mil, I'd probably quit working and travel or just enjoy cultural opportunities or go back to school for an MBA, just 'cause I think it would be fun. I would enjoy funding the perpetual education fund. If the Church would let me, I could see working as an administrator in the PEF.