Pretend the $20 million is guaranteed, and if anything will increase slightly over time.
What problems could be significantly improved for $20 million?
(I am dreaming of winning the $1.55 billion Powerball drawling. Then taking the lumpsum, posting taxes, investing, and spending 4% each and every year. I understand that the actual may be more, or less than the started amount.)
Buy some congress people and get them to vote for things like public transport, universal Healthcare, etc.
US-centric, obviously
Tell no one. Start some form of charitable institution anonymously to divert the majority to. Try not to become an idle leech or get murdered.
Donate to some privacy related projects like grapheneos and signal
Bloody helfire. If I had $1,000,000 I would never have to work or worry about money again. I can’t even comprehend 20 million.
So I guess I’d take 1 million, and then stuff the rest in some charity trust thing that could help my local community.
All mine and my family debts paid. Immediate and extended. Friends too. Then a life of leisure followed by paying the debts of the strangers I meet along the way.
That first parts is the best way to get harassed to hell and back. You don’t really want to give money to everyone, they’ll come back to beg some more, and get angry/violent/dangerous when you won’t anymore.
There’s the magic of not giving a shit after. But good point, it’s entirely possible to do this to some extent as an anonymous benefactor. And at $20mil annually guaranteed income I could always hire someone to do it for me.
Also, I’d be buying remote wilderness and building a self sustaining off grid homestead and not telling most people how to find me. I don’t like visitors.
I’d first spend it on lawyers. Someone wanna copy paste that reddit post here so we can link lemmy going forward on this question in the future
Probably live on a million- maybe 2- and spend most of my time giving the rest away.
I’ve daydreamed about that Powerball jackpot as well. I’d spend as much time traveling the world. There’s so much out there to see, and I’ve only ever really spent time in a small part of my own country. And I’m not talking about a few days here and there in new places. I’m talking about spending weeks at a time experiencing other cultures.
How I always imagined it was I would live a nice middle class life with no worries for bills and shit. Then with the rest of the 19.7 million or so I would run a non-profit charity for people in locations that are unable to receive potentially life saving medications or treatments. Think abortions in the US as a major one, I’d want to help women get to a state they can safely get an abortion and then help them protect that info. Abortion bans are a classist issue, rich won’t be affected and they’re the ones who generally vote for this shit. But yeah that’s my dream, eventually I’d hope to get enough funding or money to expand that to a world wide endeavor with my own hospitals setup in regions where I can offer help the best and guarantee info protection.
Oh and I’d take a lesson from the fediverse and make my funding and how it’s used be free for viewing and pretty much presented first so people can trust my charity.
Finance low rent co-op housing, this actually has a very low risk profile because the tenants have a direct stake in the building payment and being below market rent they will stay at 100% occupancy, all while having a strong social impact by giving families stable places to live at lower rates. Depending on renters eights laws, some.places you could give preference in applications to teachers, social workers, firepeople, and other public employees. You can make a decent interest rate still and build out a big portfolio over time to keep rolling more and more into the investment. This would make a big difference in pushing market rental rate down in towns and small cities over time, like it has in cities like Vienna, Austria.
I’d donate a quarter for 4 years to my city to create a biking network, with some smaller portion donated after the 4 years for maintenance.
I’d almost certainly help the local schools get up to date teaching materials and try to supplement their income by literally just gifting them money. There’s only around 1000 teachers in my city, so it wouldn’t be too hard to do that.
Obviously myself a senator and representative.
Then idk. Get a personal chef and personal trainer?
Giving to the teachers is great. I had looked up my school system’s budget and got discouraged, but a few 10’s of thousands each as gifts to the teachers and staff is more affordable.
Keep 5 for myself (probably don’t even need that much), and pick one person a year to change their lives with the remaining 15.
$20 million is a lot, but not an infinite amount. As the cash flow is close to guaranteed, one could get into long term projects and hire staff.
Paying total compensation of $100K, one could hope ~200 people. No money left for offices though.
I would consider increasing the local standard of living by buying a few minimum wage type businesses and over paying a little, ~5%. I would hope that this causes an employee shortage and increases wages. Continue raising wages at a rate the other businesses can keep up with. My reasoning is that I can only hire so many people, but increasing the prevalent wages will benefit far more people.
I also think I could open a at-cost medical clinic. I don’t know what that would cost, but I bet someone will tell me really quickly once I have the money.
I don’t think I would have the money to:
- Set up a new bus system.
- Setup district heating for a town
I feel like I am playing “small ball” and not grasping the opportunities.
Jesus Christ.
Don’t understand why you’re getting downvoted when this was literally the first thought I had when reading the post title. I’d genuinely be stressed if I randomly got that kind of money
The huge jackpot is one reason not to play. People get crazy for $1,000. A billion is “goodbye whatever life you had” money, regardless of you want to or not.
The concept of having $20MM in my lifetime, never mind actually spending that much annually, is insane.
$19,999,950 worth of cocaine
Two $25 sex workers
Where are you finding $25 sex workers in this economy? If you could supply names and phone numbers, it would help.
Davenport, Iowa. And the $25 ones are considered high class.
OP’s mom
$24.95 for OP’s mom, $0.05 for your mom
