The Powerball lottery is up to $1 billion tonight. If you won it, what would you do?
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I’ve got a couple of people in my life I would set up, take care of my family’s long term debts, set aside enough to retire tomorrow, and find a charity I really liked to donate the rest… the fuck I need that much money for?
Pay off mine friends and my student loans, pay for moving costs to a European country for me and my friends, pay for US citizenship denouncing for me and my friends, set aside an amount of money for myself and my friends for savings to live comfortably, pay for first month’s rent for me and my friends, pay for food for a month for me and my friends, and then if there happens to be anything left, donate it to charities.
I’d keep it a secret as much as possible especially in the beginning. Hire a financial advisor to invest part of it. Use some for risky high yield investments and some other for easy low yield. Some would stay in bank, some will be to open a business. Some fund for kids. Some for charity. Rest is for fun
This is exactly what I would do.
If I won the lottery, I would start by ending the homeless problem in my state. All it would take would be one stroke of the pen and many people’s lives would be improved.
and then you start getting sued cause someone hurt themselves in one of the homes you put them in, or it burned down, or any of a thousand other reasons, because greedy shitheads exist and are plentiful and will gladly turn your sweet treat into acid in your mouth in a heart beat if they think they can squeeze more blood out of you.
That’s why you save some in the contingency account, I would recommend 20%
I would definitely have to lawyer up and get as much of my ass covered as possible. Huzzah!
Noble, but I’ve got some very bad news about how much it would take to end homelessness in even the smallest state in the country, as even if the 500 mil you’d be left with after taxes could do it, which it couldn’t, more homeless people would move to that state immediately
Utah managed to do it and they’re doing just fine.
ok. you can afford to fund Utah’s homeless problem for 1.5 years, with 500 million, which is what you’d be left with after winning the 1 Billion dollar lottery
You can always start a foundation to keep the money flowing in. People would donate
Foundations do not exist to solve problems. They exist so their founders can profit either socially and financially off of them.
Probably more cost effective to pay off local and state politicians to get tax money diverted to it.
True. That’s lobbying I can get behind
Train a private army to invade Russia.
Keep it a secret.
Sleep.
Exactly. Do as little as required by the laws of where you live and immediately get the fuck away from wherever you are and start the process to emigrate to a different country. Christmas and Thanksgiving will now be done over video chat.
You won’t fly your family in on your private jet?
Nope. They’re the ones most likely to murder me. Just me, my wife, and our cats. Minimal chances of murder. Except from one of the cats but if it comes down to it, I think I can take her.
Too many eggs in one basket
This user knows.
My wife and I were thinking about this last week. We were wondering about personal security. At least where we live, they like to make a spectacle of the big winner with photo op, publish name and how town, etc. We wondered if that would invite trouble for the winner. For instance, would people try to break in expecting you to have valuables? Would you be a target for kidnapping and ransom? What about your family or close friends, would someone kidnap them to get you to pay ransom on? Even if you immediately spent it all, would people still try, not knowing it’s all gone? I’m with you, I’d keep it as secret as I could.
The guy who won “over a billion” (that’s not what he got to keep) has headlines with his full name, what real estate he’s bought, lawsuits brought against him and he’s had to get body guards.
Because california forces a person to claim it and anonymity isn’t allowed.
Like a lot of trouble, the worst doesn’t come from strangers, it comes from people you know. By all accounts, what happens is that anyone who knows you comes out of the woodwork and suddenly wants a favor, or a small loan, or an investment in their brilliant business idea, and of course you’re the asshole if you deny any of them. If you can’t keep it a secret entirely, it’s best to at least lock up the money somewhere so that you can blame the big mean lawyer who is “making” you be responsible and not blow it all on your second cousin’s crypto app.
Not possible in some states, unfortunately :/
Yeah, in my state when you win they have a picture of you holding a check that airs on rotation on every lottery machine for months.
My wife’s best friend won $1M and everyone recognize her at all the bars because of it. She got the last laugh because she blew all that money and now nobody can get any of it out of her.
Among other things, I’d keep going to work. I enjoy my job. What I’ll really enjoy is every time someone tries to pawn off something on me that’s not actually my job I’ll tell them, “not my job”
Being able to go in to work without the same fears that usually accompany those living paycheck to paycheck even if they enjoy the work must be the most freeing thing ever. Knowing you are now untouchable financially so can take a stand if something annoys you enough.
I paid off all of my debts and have a few months saved up. Same feeling I think. It is the most freeing feeling I’ve ever felt. Like a mini retirement.
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Yeah I’m freelance and really love my work. It’s rewarding and impactful. Without any doubt these things are true. I’d probably cut back my hours a bit. But I’d just tell my clients that my services are now free.
Buy a private island, get drunk and give a large portion away to random people
I would buy Reddit and convert it into a Lemmy instance.
You know everyone would be screaming about preemptively defederating, right?
Hire an accountant.
first thing I’d do is buy my mom a house and py off all our debt. It’d be nice to have some time alone as an adult without having to leave her homeless or whatever. Next I’d find a restoration shop for my truck, buy the shop and make them fix my truck. Why buy the shop? Why not I’ve always wanted to be an automotive restorer and now I’ve got whatever is left after taxes and fees. Then I’d probably have my own house built the way I want it. After that idk. I’d have more money then I’d ever know what to do with, have my own shop with the latest and greatest gear and the best mechanics around. I’d hav le my own house and my mom would be taken care of. I’d probably buy my best friend and her parents a house, afaik she still lives at home and her parents rent.so that’d be doing them a big favor.
First thing I would do is buy a house back near where all my friends and family live. I had to move 2000 miles away from everyone I know because it was too expensive to live there.
Good job taking care of your mom! It’s the hardest job, but when you’re done you’ll have great memories.
- Hire a fiduciary consultant/accountant to ensure the money is invested into accounts where I can live off the interest more than comfortably.
- Travel to all the places my wife and I want to go.
- Buy citizenship (via investor visa) in the best developed country that fits our lifestyle and life priorities.
- Buy a nice but not extravagant house.
- Buy all the non-essential stuff I’ve always wanted to buy.
- Hire a personal chef who will cook healthy AND delicious meals for us everyday, so I only need to cook when I actually want to.
- Give a lump sum to each of my immediate family members and my wife’s mom and brother. We trust them enough to not abuse the privilege of having a billionaire family member.
All of this +
- buy a 4x4 EV (if that exists)
Man I was just fantasizing about this today. I fucking hate Wednesdays with all the meetings at work and then I had a database admin bitching me out because I made an honest mistake on some shit she normally does but decided to pawn off on me today for the first time for some reason.
If I just had $1 million, I’d like to buy a decent home in a decent neighborhood, pay off my debts, put some into savings, break off my family and friends, and get a much less stressful job. I normally like my job and what I do and I make more money than I ever thought I would, but I’d trade it for some simplicity and ease in life.
I live in a 1 bedroom, 1 bathroom home that was built shortly after WWII ended; crappy, small and falling apart. Glad to have a home, but I wish I had the cookie cutter American home in the suburbs and some stress free work.
$1 billion would likely be the same, just more money for savings and friends and family.
Find a reputable institutional advisor who specializes in this sort of thing. Pay off debts. Quit my job. Eventually begin planning some charitable gifts, perhaps even a foundation or something. Make life meaningful that way.
Put it in a bank earning 4% interests and live off of it for the rest of my life. Yeah I’m a simple man.
