What is the first thing you would do if you got $100 million?

Xelda

Xelda

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Super_Kazuya said:
Assuming, you don’t despise your job, how much notice would you give? It’s a question I’ve always tossed around in my lottery winning daydreams...
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It's a family business so they'd know what's going on. I'd make sure they were taken care of and sell the company. If I were at a previous job, I'd take vacation or sick days to get everything in order. Then 2 weeks notice unless it was the job I really enjoyed. I might stay at that one for months..
 
Sammy

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Super_Kazuya said:
Strangely enough I was speaking more from the “courtesy” point of view but you bring up some interesting points. Frankly unless I had reason to suspect that something was going to fall through or that my ticket was fake, I would be fine dipping into my other assets, even retirement ones to live for 8 months or whatever if I knew I was getting 100 million.
My thought is I like my job (enough), and it’s been good to me, so what would I do? Would I give two weeks? On one hand, one of the main reasons you give notice is to maintain your professional reputation, and that no longer matters if you never have to work again. Plus, if you got killed in an accident on the way to work during your final two weeks, your ghost would not be very happy with you.
On the other hand, giving notice is usually greatly beneficial for the employer and what’s two more weeks to help an employer you had a good relationship with when you will never have to work again when it’s done?
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Giving notice is fine if you don't mind telling your co-workers what you're doing next. But if you want to keep your windfall secret, the situation might get sticky. You'd have to be good at talking without saying anything, or come up with a good lie.
 
Sarek

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I see a few people seem quick to do a few things spending and giving wise, and then they would slow down the spending after they settle in so to speak. I'm sorry to tell you in most cases life won't work out that way, it only seems plausible because having little or just enough is what we are used to and we think we could continue that after the initial giving and spending is over. Once you get the money your changed and everyone who gets some of that money is changed, the old you will die unless you have health issues which prevent you from living outside your norm. Think of the thing that disrupts you most emotionally and then multiple that by a thousand and that's what it is like to go from average to very rich overnight/quickly.
 
Sammy

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Sarek said:
I see a few people seem quick to do a few things spending and giving wise, and then they would slow down the spending after they settle in so to speak. I'm sorry to tell you in most cases life won't work out that way, it only seems plausible because having little or just enough is what we are used to and we think we could continue that after the initial giving and spending is over. Once you get the money your changed and everyone who gets some of that money is changed, the old you will die unless you have health issues which prevent you from living outside your norm. Think of the thing that disrupts you most emotionally and then multiple that by a thousand and that's what it is like to go from average to very rich overnight/quickly.
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Well no, I wouldn't go back to using coupons and traveling coach, but once I bought my 2 homes (one in the mountains for summer and one somewhere warmish for winter), got them furnished and decorated and bought a couple of cars, I'm certain I wouldn't buy any more big ticket items (over 100K) for a few years until one of the cars needed to be replaced. I would not buy a new car every year. I would not remodel or redecorate every year. But I would do it occasionally.

I could very easily live on the approx 3 million I'd be making off of investments, even giving a million a year to my favorite cause. You figure upkeep and maintenance and taxes, etc. on the homes and cars wouldn't be more than $500K. Probably not even close. That still leaves 1.5 million per year to live a very luxurious lifestyle.

I think I'd be closer to Sam Walton who drove around town in jeans and plaid shirt in an old beat up pickup truck than I would be to Trump and others who have their own fleet of jets and multiple vacations homes in Europe, etc.
 
nobody

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Honestly, I'd pay off everything...then take some time to really decide what I want to do with the rest of my life. Some would be easy, like setting up trust funds for my kids, etc. Some would be more difficult, like what would I want to invest in and who would I donate to in order to help the most people. Also I'd have to decided where I'd want to move to and build a new house there. Note, I said house and not mansion. :)
 
csirl

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Where I live, there are no background checks etc. Once you hand in the ticket at Lottery HQ and they verify it's authentic, you get the money.

I'd be one of those anonymous winners who slips away quietly. Our lottery HQ is in a city centre office block. So in order to slip in/out unnoticed, I'd dress in a suit and walk in as an anonymous "office overalls" wearer attending a business meeting in the building. After big wins, press photographers sometimes wait outside looking for the winners, so you need to look anonymous.

I'd tell nobody, except the wife, for several months.

I wouldnt quit my job. I'd wait a few weeks while planning what to do and then apply for a career break for a year or two to travel orvsomething with the intention of resigning before returning - less fuss/attention if you're already long gone and partially forgotten by the time you resign.

Over a few months, I'd gradually dissappear from my neighborhood. Buy a nice, but manageable house in a nice area. Would wait until end of school year to move the kids. Would live a low key lifestyle.

Would keep working in some capacity - maybe for a volunteer organisation, as would get bored doing nothing.
 
The Fonz

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csirl said:
Where I live, there are no background checks etc. Once you hand in the ticket at Lottery HQ and they verify it's authentic, you get the money.
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my kind of place :) where do you u live?
 
cml750

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I would tithe 10% right off the bat. Then I would give about half away to charities, family, and friends. Then I would buy some land and build a modest house and invest the rest of it including some in separate accounts for my kids. I would consider starting some type of business as an investment but I would not get too carried away. I would love to start a custom car shop along the lines of Fast & Loud. I would be in hog heaven doing something like that.
 
kapolani

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1) Pay my taxes.
2) Put 1/2 of the leftover in a trust for my kids.
3) 1/4 for me to blow on fun stuff for the wife and I and family and friends.
4) The last 1/4 would be for charitable donations. Would love to open computer programming after school classes for underprivileged youth around my town.
 
Rockport

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Super_Kazuya said:
Assuming, you don’t despise your job, how much notice would you give? It’s a question I’ve always tossed around in my lottery winning daydreams...
Click to expand...
That would depend on how much you respect your boss and your company. If you don’t despise either which you suggested, then 2 weeks. If they company has been taking advantage of you, then 1 hr. Just long enough to turn in your resignation face to face.
 
Rockport

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kapolani said:
1) Pay my taxes.
2) Put 1/2 of the leftover in a trust for my kids.
3) 1/4 for me to blow on fun stuff for the wife and I and family and friends.
4) The last 1/4 would be for charitable donations. Would love to open computer programming after school classes for underprivileged youth around my town.
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Shaka Brah!
 
Longboysfan

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kskboys said:
1. Pay off all bills.
2. Take around 10 mil and put it away w/ around 2% of the increase being deposited into an account for me to live on and spend. That equals over $15,000/month.
3. Set up 2 accounts w/ around 5 mil each for my two kids to get the interest off of.
4. Set up around 10 accounts w/ 1 mill in each for my sisters and top friends to get the interest off of.
5. Give generously to charities of mine and my wife's choices. 5 mil.

Let's see, that's 35 mil. I'd get around 60 mil after taxes, so that means I'd have around 25 mil after all my plans have been laid. Prolly simply invest the rest into very safe places, as I already have more than enough. I would waste a bit, prolly invite family and friends to Vegas and give each about 5 grand.

I'd take around a mill and have fun giving it away. Maybe pick a person on the street and pay off all their outstanding bills. Maybe find someone who really deserves a house and buy them one. I'd definitely help vets, give generously to the children's hospitals. It'd be fun to find some people who really need an operation or something of that nature and give it to them.

Honestly, money is only good if you do good w/ it.
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Also keep the leeches at bay.
If you did not have dinner at my house twice as invited guest.. Sorry... Go away.
 
YosemiteSam

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StarMan2112 said:
I would spend 90% of it on beer and women. The rest I would just waste.
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My grandfather used to use the phrase, "I would spend it on wild women and whiskey, then blow the rest of it in!"

That surmise, that is approximately what you said lol. :laugh:
 
OmerV

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darthseinfeld said:
I'd build a modest but nice on on a peice of land that I can build more on. Would probably get a really nice car too because I would spend alot of time in. However that would be about it until how to expand my income. 100 million dollars doesn't keep you from needing money coming in. However it gives you an opportunity to bring in even more money. That would be my main priority
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Assuming you are reasonably smart with the money, there will be money coming in simply by virtue of having $100 million
 
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