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+--- Thread: What would you do with the money? (/Thread-What-would-you-do-with-the-money)
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What would you do with the money? - Nebuchadnezzar - 01-09-2016
The Powerball is up to $800,000,000.00 and you are the only winner, what would you do with all that money?
First decision happens when you buy the ticket...do I want the Lump Sum or the 30 year Payout?
Lump Sum will get you $275,000,000.00 all at once
30 Year Payout will get you $15,000,000.00 a year for 30 years totaling $450,000,000.00
Here's what I would do.
If you invest right with the Lump Sum, you could get a better return so, it's the Lump Sum of $275 million.
After living through the heart attack from just winning that jackpot, I would call my lawyer and get his advice.
We both set up our wills just in case something happened to us, lol.
After turning in the ticket and the money is in the bank I would,
Cut a check for 10% to my church first thing.
Pay off all my bills and be debt free
Set aside $50 million for each of my wife's and my parents, brothers and sisters
Now, we have all this money and have no clue as to what to do with.
There are so many things we would like to do if we had the money as in charities.
$275 million is an obscene amount of money, I have no clue what to do with it. I can't wrap my mind around that much money.
EDIT: What would you do with the money if you won $1,500,000,000.00 in one Lump Sum?
If it was that much money, I would make Mike Brown an offer to buy the Cincinnati Bengals for $1 billion cash, but I don't think he would sell.
RE: What would you do with the money? - 6andcounting - 01-09-2016
Taking the lump sum is always the wiser investment. At 4% return, your initial investment would be doubled in value after 18 years and triple after 30. That's just half of the lump sum you actually received invested in safe, low payout investments, and the one-half alone in 30 years would still be worth more than all 30 payments combined.
At 7% return, investments are doubled in about 10 years and tripled in about 17.
At 10%, it's 7.2 and 11.8 years respectively.
RE: What would you do with the money? - Belsnickel - 01-09-2016
You mean what will I do?
$10 million in a secure place, non -interest bearing. That is $100k a year guaranteed for 100 years. My wife can survive on that easily as we make due with much less.
Pay off debt, get a modest house, finish up school, an then use the remaining over $300 million after taxes to help out family and those in need.
RE: What would you do with the money? - Tiger Teeth - 01-09-2016
Trust no one.
RE: What would you do with the money? - SunsetBengal - 01-09-2016
Hire an attorney, disappear.
RE: What would you do with the money? - Beaker - 01-09-2016
Not quit my job.
Change my phone number.
Retain an attorney....not Fred.
Travel extensively.
Use a good portion to build and supply some schools in Africa.
RE: What would you do with the money? - BengalHawk62 - 01-09-2016
Hire an attorney
Hire a financial advisor
Hire an accountant
Stay low and don't tell anyone I won until I can figure out how to hide.
Pay off debts
Give money to relatives
Start buying. Home, cars, etc.
Give money to the local fire dept to build a new station and get a new truck or two.
Other local charities.
RE: What would you do with the money? - Bengalsrob - 01-09-2016
Take the money and run!!
RE: What would you do with the money? - nevergonnachange - 01-09-2016
Hookers. Lots and lots of hookers
RE: What would you do with the money? - jfkbengals - 01-09-2016
What ever the hell I want!!!!
RE: What would you do with the money? - HarleyDog - 01-09-2016
Priceless!
https://www.youtube.com/watch?v=IvE84AGMWpE
RE: What would you do with the money? - basballguy - 01-10-2016
2 chicks at the same time
RE: What would you do with the money? - Emphasis - 01-10-2016
Smart investing, saving, etc.
Pay off debts, and help positive causes. Ultimately create a new life for myself and future family generations.
RE: What would you do with the money? - fredtoast - 01-10-2016
I would build the car of my dreams for a couple hundred thousand (million dollar supercars are too pretentious) then spend a few million to build a private circuit to drive it on. Blow the rest on hookers and drugs.
RE: What would you do with the money? - Rotobeast - 01-10-2016
I'd buy Mexico.
(or as much of it as possible)
(ok, just a large chunk of Cabo)
RE: What would you do with the money? - fredtoast - 01-10-2016
In all honesty I would use the funds for a drive to amend the Constitution and outlaw private donations to elections. Make them all publicly funded.
This would both eliminate a lot of the power of money in elections and also give rise to more viable third party candidates.
That would do more good for this country than anything else I can imagine.
RE: What would you do with the money? - bfine32 - 01-10-2016
Buy the Bengals
RE: What would you do with the money? - Sabretooth - 01-11-2016
Wine, women and waste the rest
RE: What would you do with the money? - BengalsRocker - 01-11-2016
(01-10-2016, 11:30 AM)basballguy Wrote: 2 chicks at the same time
Rep !
RE: What would you do with the money? - Benton - 01-12-2016
I'd never wear pants again.
With a billion dollars, you can get away with that.