you just won $30 million!

[Beli]

you just won $30 million dollars American. the government takes half for taxes (aprox) so you are left with $15 million to spend. what do you buy first? and how would you spend the rest of your money? who is the first person you will call and tell? if you have a partener, do you tell them or quickly leave them so you have all the money to yourself?

for example
1. buy a new house $5 million
2 new car $500,000

or
1. New house, $5 million - 7 bedroom 5 bath with a pool, tennis court
2. New Rolls Royce

i am still working on mine. but i promise not to copy you (f)

[Beli]

you just won $30 million dollars American. the government takes half for taxes (aprox) so you are left with $15 million to spend. what do you buy first? and how would you spend the rest of your money? who is the first person you will call and tell? if you have a partener, do you tell them or quickly leave them so you have all the money to yourself?

for example
1. buy a new house $5 million
2 new car $500,000

or
1. New house, $5 million - 7 bedroom 5 bath with a pool, tennis court
2. New Rolls Royce

i am still working on mine. but i promise not to copy you (f)

[tca]

i'd buy a plane ticket to see beli

then i'd just renovate the house i live in

i'd get a 10k mountain bike

invest 2 million

save 3 million

then just spend the rest at my leisure :P

[tca]

i'd buy a plane ticket to see beli

then i'd just renovate the house i live in

i'd get a 10k mountain bike

invest 2 million

save 3 million

then just spend the rest at my leisure :P

[Eyez Neverclear]

First, I'd find a crappy house with a nice plot of land, in a good neighborhood, close to Seattle. Then level it and build my own custom house. I figure I could easily please myself with around $3mil spent on that. And another $1-2mil furniting the place

Then, I'd raid the Audi dealership for a new R8 hot off the line and on my way home pick up something I could put a few more miles on..... say a Mercedes CL600.

First people I'd tell would be my immediate family and I'd buy them all the car they most desire and then pay off their home mortagages.

Then, I'd stop at the bank and start a $1mil trust fund for my daughter. Put put $1mil in a living expenses account and another in a partying account.

I figure that would be just under the money and the rest would go into a long term investment options as I wouldn't plan on spending any of it any time soon. I'm a frugal spender and it could take me years to spend my $2mil in play money.

Oh and I wouldn't tell kitty, she'd wanna help me spend it ;)

[Eyez Neverclear]

First, I'd find a crappy house with a nice plot of land, in a good neighborhood, close to Seattle. Then level it and build my own custom house. I figure I could easily please myself with around $3mil spent on that. And another $1-2mil furniting the place

Then, I'd raid the Audi dealership for a new R8 hot off the line and on my way home pick up something I could put a few more miles on..... say a Mercedes CL600.

First people I'd tell would be my immediate family and I'd buy them all the car they most desire and then pay off their home mortagages.

Then, I'd stop at the bank and start a $1mil trust fund for my daughter. Put put $1mil in a living expenses account and another in a partying account.

I figure that would be just under the money and the rest would go into a long term investment options as I wouldn't plan on spending any of it any time soon. I'm a frugal spender and it could take me years to spend my $2mil in play money.

Oh and I wouldn't tell kitty, she'd wanna help me spend it ;)

[Buckledmac]

your government take half in taxes :O

[Buckledmac]

your government take half in taxes :O

[Beli]

your government take half in taxes :O
well i am just giving my own estimate. but i think it is pretty close to that if you win the lottery here :(

[Beli]

your government take half in taxes :O
well i am just giving my own estimate. but i think it is pretty close to that if you win the lottery here :(

[Buckledmac]

damn that sucks :(

isnt the UK lottery win tax free ? or am i way off there

[Buckledmac]

damn that sucks :(

isnt the UK lottery win tax free ? or am i way off there

[Grendel]

With the UK Lottery, 12 pence of every £1 stake on the lottery goes to the Government in Lottery Tax (Customs and Excise take it as betting duty).

All wins are tax-free.

Addition: Also, unlike many lotteries around the world, all prizes are paid in a lump sum. Unlike those that pay a certain percentage per year.

[Grendel]

With the UK Lottery, 12 pence of every £1 stake on the lottery goes to the Government in Lottery Tax (Customs and Excise take it as betting duty).

All wins are tax-free.

Addition: Also, unlike many lotteries around the world, all prizes are paid in a lump sum. Unlike those that pay a certain percentage per year.

[Buckledmac]

With the UK Lottery, 12 pence of every £1 stake on the lottery goes to the Government in Lottery Tax (Customs and Excise take it as betting duty).

All wins are tax-free.

Addition: Also, unlike many lotteries around the world, all prizes are paid in a lump sum. Unlike those that pay a certain percentage per year.

so most countries only get their winnings on the drip ? damn that sucks, although spose it makes the win last longer in some cases

[Buckledmac]

With the UK Lottery, 12 pence of every £1 stake on the lottery goes to the Government in Lottery Tax (Customs and Excise take it as betting duty).

All wins are tax-free.

Addition: Also, unlike many lotteries around the world, all prizes are paid in a lump sum. Unlike those that pay a certain percentage per year.

so most countries only get their winnings on the drip ? damn that sucks, although spose it makes the win last longer in some cases

[Beli]

here i think you get a choice if you want it all at once or over time. but i think that you get shafted for taking it at once.
i am still working on my spending. would take me awhile to spend all that.

[Beli]

here i think you get a choice if you want it all at once or over time. but i think that you get shafted for taking it at once.
i am still working on my spending. would take me awhile to spend all that.

[Asshole]

err grendel i would check that, the lottery comes under gambling and gambling in england has been tax free for about 10 years now regardless tho id buy an aston martin vanquish a house , house for both my sisters, then invest 3/4 of whatever is left so i can live off it, and spend the rest doing whatever the feck i want

[Asshole]

err grendel i would check that, the lottery comes under gambling and gambling in england has been tax free for about 10 years now regardless tho id buy an aston martin vanquish a house , house for both my sisters, then invest 3/4 of whatever is left so i can live off it, and spend the rest doing whatever the feck i want

[Favor The Impossible]

your government take half in taxes :O


45% roughly.

[Buckledmac]

45% roughly.

shitty deal!

[Grendel]

err grendel i would check that, the lottery comes under gambling and gambling in england has been tax free for about 10 years now regardless tho id buy an aston martin vanquish a house , house for both my sisters, then invest 3/4 of whatever is left so i can live off it, and spend the rest doing whatever the feck i want

I got my information direct from the National Lottery website.

http://www.national-lottery.co.uk/player/information.do?info=wheremoneygoes

[Grendel]

err grendel i would check that, the lottery comes under gambling and gambling in england has been tax free for about 10 years now regardless tho id buy an aston martin vanquish a house , house for both my sisters, then invest 3/4 of whatever is left so i can live off it, and spend the rest doing whatever the feck i want

I got my information direct from the National Lottery website.

http://www.national-lottery.co.uk/player/information.do?info=wheremoneygoes

[Aeon]

i would open a couple buisness's (bars ect run them for a tax right off)
invest
save half
and live off interest like a bum for the rest of my life.
maybe buy a condo in australia
one in mexico, one in india, and one in the rockies
and a big crazy sup'd up vw van..
and private teachers for my daughter.

[Aeon]

i would open a couple buisness's (bars ect run them for a tax right off)
invest
save half
and live off interest like a bum for the rest of my life.
maybe buy a condo in australia
one in mexico, one in india, and one in the rockies
and a big crazy sup'd up vw van..
and private teachers for my daughter.

[RedRum]

my undergound dream house 5mill
my frenishes for my house 2mill
a studio in my house 2mill
open up a pipe cleanersin amsterdam 3mill
and a bunch more random crap the wil make me happy 3mill

and keith

[RedRum]

my undergound dream house 5mill
my frenishes for my house 2mill
a studio in my house 2mill
open up a pipe cleanersin amsterdam 3mill
and a bunch more random crap the wil make me happy 3mill

and keith

[Metall_fan]

Good thread, in case I win NY Mega Millions tommorrow ($340M jackpot, we are buying 50 tickets at work for 10 people). First thing I'd do is set aside $3-4 mil to earn 5% interest off in the bank and be set for the rest of my life on that income alone. The rest was already mentioned in the thread :P



Advertised jackpot numbers in US lotteries is what you'd get if you were to take it in payments over 25 years, including annuity. If you want to take a lump sum payout you get only something like 65% of that number. Lottery tax is around 40-45% on top of that, so realistically you end up with roughly 35% of the jackpot in your pocket.

[Metall_fan]

Good thread, in case I win NY Mega Millions tommorrow ($340M jackpot, we are buying 50 tickets at work for 10 people). First thing I'd do is set aside $3-4 mil to earn 5% interest off in the bank and be set for the rest of my life on that income alone. The rest was already mentioned in the thread :P



Advertised jackpot numbers in US lotteries is what you'd get if you were to take it in payments over 25 years, including annuity. If you want to take a lump sum payout you get only something like 65% of that number. Lottery tax is around 40-45% on top of that, so realistically you end up with roughly 35% of the jackpot in your pocket.

[Stephen]

1st I would buy land approx 100+ acres, Depending where it is wouldn't pay more than 1million, then build a house and the works for 1million. keep 3 million in cash to use as I see fit for the next few years as the remaining 11million builds from interest. With the 3 million would open a business of some sorts and then live off the Interest from the 11million and what ever the business makes. If by some drunken mistake I have children or ever meet some one that I could trust to have children I would make sure they grow up with almost nothing so they can learn values and not expect everything to be given to them.

[Stephen]

1st I would buy land approx 100+ acres, Depending where it is wouldn't pay more than 1million, then build a house and the works for 1million. keep 3 million in cash to use as I see fit for the next few years as the remaining 11million builds from interest. With the 3 million would open a business of some sorts and then live off the Interest from the 11million and what ever the business makes. If by some drunken mistake I have children or ever meet some one that I could trust to have children I would make sure they grow up with almost nothing so they can learn values and not expect everything to be given to them.

[Santo]

I would give it to Aeon and follow her plan sounds good :hidey:

[Santo]

I would give it to Aeon and follow her plan sounds good :hidey:

[Beli]

Metall Fan, i am watching that lotto to see who wins. CNN stated that the lumps sum will be about $117 million and if you choose the annual option, about $9 million/year.
history behind the thread is that when i drive home from work i pass by the billboard that says what the current lottery is up to. i then spend the rest of my drive home (about 20 minutes from that sign) figuring out what i would do with the money. each time i have a different amount, so i come up with different things. but here is how i would spend $15 mill
1. pay off all my bills. all my parents and my siblings bills. this includes mortgage, car notes, credit card bills and so on.

2. i would tell no one that i won. i would keep going to work as normal. doing everything possible to live life as i did before. i would start secretly paying my co workers bills when i knew they were short on stuff. i think it would be a riot to watch people try and figure out wtf is going on.

3. $1 million to my charity of choice The Golden Carrot. and another million in trust for them to earn interest off of. TGC is a retirement home for horses

4. buy the entire town of *******, Oregon and start cleaning the place up. build my dream barn there (yeah a house too) and start my horse ranch. the town is small enough and the land cheap enough that i could easily buy it with plenty of money left over.

^subject to change the next time i go to work :)

[Beli]

Metall Fan, i am watching that lotto to see who wins. CNN stated that the lumps sum will be about $117 million and if you choose the annual option, about $9 million/year.
history behind the thread is that when i drive home from work i pass by the billboard that says what the current lottery is up to. i then spend the rest of my drive home (about 20 minutes from that sign) figuring out what i would do with the money. each time i have a different amount, so i come up with different things. but here is how i would spend $15 mill
1. pay off all my bills. all my parents and my siblings bills. this includes mortgage, car notes, credit card bills and so on.

2. i would tell no one that i won. i would keep going to work as normal. doing everything possible to live life as i did before. i would start secretly paying my co workers bills when i knew they were short on stuff. i think it would be a riot to watch people try and figure out wtf is going on.

3. $1 million to my charity of choice The Golden Carrot. and another million in trust for them to earn interest off of. TGC is a retirement home for horses

4. buy the entire town of *******, Oregon and start cleaning the place up. build my dream barn there (yeah a house too) and start my horse ranch. the town is small enough and the land cheap enough that i could easily buy it with plenty of money left over.

^subject to change the next time i go to work :)

[Alc0]

what do you buy first? and how would you spend the rest of your money?
Plane ticket to Vegas and put it all on red :P
Not sure what to do with my bigger fortune :S
Probs blow it all and be dead within a few months ;)

[Metall_fan]

Metall Fan, i am watching that lotto to see who wins. CNN stated that the lumps sum will be about $117 million and if you choose the annual option, about $9 million/year.

they increased the jackpot to $370 mil this morning :O
also I got 1 free ticket for every 5 I purchased (they really don't want jackpot to increase any further). on top of that the guy at the counter fucked up and I somehow ended up with about 65 tickets for $45 (9 people chipped in). but I had to stand in line for 30 minutes in freezing weather in Manhattan to get them

so yeah, watch me win in about three hours :YES2:

[Flashman]

invest $1m and live off the interest, i think i worked it out to be something like 3k a week.

payoff my familys mortgages and buy them all new cars $1m

build a custom designed house with swimming pool and gym $3m

set up my own company $2m

invest a further $3m for my children and their children

invest the remaining $5m in property and rent it out

Hey Gramps - didn't know you were a granpa - lol

[Flashman]

invest $1m and live off the interest, i think i worked it out to be something like 3k a week.

payoff my familys mortgages and buy them all new cars $1m

build a custom designed house with swimming pool and gym $3m

set up my own company $2m

invest a further $3m for my children and their children

invest the remaining $5m in property and rent it out

Hey Gramps - didn't know you were a granpa - lol

[s4l]

buy homes in seattle and boston so i could watch my seahawks and red sox play then buy a lambo and deck it w/ performance parts and body kits and a '70 Chevelle SS 454...then pay my grandmas mortgage and put half of remaining $$ in savings acct and 1/4 of the remaining into a trust fund for my kid and the other 1/4 for for a HUGE boat decked to the max :D

[s4l]

buy homes in seattle and boston so i could watch my seahawks and red sox play then buy a lambo and deck it w/ performance parts and body kits and a '70 Chevelle SS 454...then pay my grandmas mortgage and put half of remaining $$ in savings acct and 1/4 of the remaining into a trust fund for my kid and the other 1/4 for for a HUGE boat decked to the max :D

[Beli]

they increased the jackpot to $370 mil this morning :O
also I got 1 free ticket for every 5 I purchased (they really don't want jackpot to increase any further). on top of that the guy at the counter fucked up and I somehow ended up with about 65 tickets for $45 (9 people chipped in). but I had to stand in line for 30 minutes in freezing weather in Manhattan to get them

so yeah, watch me win in about three hours :YES2:

Wait! i just found out i have a few tickets for this drawing. i guess if you don't see me online after tonight, you will know how i am spending my money ;)

[Beli]

they increased the jackpot to $370 mil this morning :O
also I got 1 free ticket for every 5 I purchased (they really don't want jackpot to increase any further). on top of that the guy at the counter fucked up and I somehow ended up with about 65 tickets for $45 (9 people chipped in). but I had to stand in line for 30 minutes in freezing weather in Manhattan to get them

so yeah, watch me win in about three hours :YES2:

Wait! i just found out i have a few tickets for this drawing. i guess if you don't see me online after tonight, you will know how i am spending my money ;)

[Metall_fan]

well, I won $2 out of 67 tickets. must've had like 6 tickets with 2 matching numbers, and got megaball right once for a grand total of $2 :(

some lucky bastard must've won tonight though

[tca]

well, I won $2 out of 67 tickets. must've had like 6 tickets with 2 matching numbers, and got megaball right once for a grand total of $2 :(

some lucky bastard must've won tonight though

damn, i was gonna hit you up for a loan :$

[tca]

well, I won $2 out of 67 tickets. must've had like 6 tickets with 2 matching numbers, and got megaball right once for a grand total of $2 :(

some lucky bastard must've won tonight though

damn, i was gonna hit you up for a loan :$

[Beli]

i only had a couple of the numbers :( no money at all