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InvisibleAsante
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Posts: 86,797
I want to hear detailed plans! What would YOU do with... * 4
    #23593056 - 08/30/16 10:11 AM (7 years, 4 months ago)




Suppose, you are taking an evening walk and a discarded blank lottery ticket blows in your face. You figure you might as well so you fill it out with a bunch of numbers, you pay a dollar and enter the lottery.

But!

OMG!

You WIN, actually WIN, ten million dollars, after taxes.

Sooo.. the taxman grabs his share and long story short you are sitting here right now with $10,000,000 extra on your bank account.

Its right now, so today.

What will you do?

Please be as detailed as possible.

The newage law of attraction people say that one of the first steps of getting something is pretending you already have it so, lets play pretend.

What would you spend this $10,000,000 on? What do you do with the sum you dont spend right away?

Its OK to take inspiration from each others ideas.

GO!


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Invisiblepuff4200
Natural born lever puller

Registered: 09/26/10
Posts: 1,269
Re: I want to hear detailed plans! What would YOU do with... [Re: Asante]
    #23593078 - 08/30/16 10:17 AM (7 years, 4 months ago)

First I would pay off my car and house. Then I would sell both those items. Sell my portion of my business off or gift it to my business partner. Buy a nicer house worth maybe 500,000, nothing crazy. Then I would buy a nicer car again nothing crazy maybe a Lincoln or Cadillac. From there I would get a financial advisor and try to invest my money so that I can live off it and the interest forever. In that time of just living off the money I'll travel and see the world as much as possible helping people out where I can. Obviously drugs thrown all through out this process. Mostly just molly, mescaline, and wax. Not the fun answer you were probably looking for but its what I would do.

edit- Further details would be to have the house be in the middle of nowhere Adirondacks, New York. The travel to start with the French Polynesians.


Edited by puff4200 (08/30/16 10:18 AM)


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Invisiblesomething super extreme
NIGGA YOU A FUCK NIGGA!
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Registered: 10/29/12
Posts: 17,397
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Re: I want to hear detailed plans! What would YOU do with... [Re: Asante]
    #23593087 - 08/30/16 10:19 AM (7 years, 4 months ago)

distribute it among a diverse financial portfolio while retaining 20% of the lump sum across multiple savings accounts in order to cover emergency situations or significant personal purchases.

I would continue to work and retain my present standard of living.


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InvisibleAsante
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Posts: 86,797
Re: I want to hear detailed plans! What would YOU do with... [Re: puff4200]
    #23593089 - 08/30/16 10:19 AM (7 years, 4 months ago)

Quote:

puff4200 said:
First I would pay off my car and house. Then I would sell both those items. Sell my portion of my business off or gift it to my business partner. Buy a nicer house worth maybe 500,000, nothing crazy. Then I would buy a nicer car again nothing crazy maybe a Lincoln or Cadillac. From there I would get a financial advisor and try to invest my money so that I can live off it and the interest forever. In that time of just living off the money I'll travel and see the world as much as possible helping people out where I can. Obviously drugs thrown all through out this process. Mostly just molly, mescaline, and wax. Not the fun answer you were probably looking for but its what I would do.

edit- Further details would be to have the house be in the middle of nowhere Adirondacks, New York. The travel to start with the French Polynesians.





No thats exactly what I'm looking for, a serious well thought out plan. :hug:


--------------------
Omnicyclion.org
higher knowledge starts here


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InvisibleLobsterSauceDiscord
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Registered: 11/09/08
Posts: 19,884
Re: I want to hear detailed plans! What would YOU do with... [Re: Asante]
    #23593115 - 08/30/16 10:25 AM (7 years, 4 months ago)

Michael Carroll (born 29 March 1983 in Swaffham, Norfolk) is an English winner of the UK National Lottery.

A former binman, Carroll won £9,736,131 on the National Lottery in November 2002, aged 19. He enjoyed a celebrity status for a time in the British media as a "Lotto lout" and the self-proclaimed "King of Chavs", a phrase that he emblazoned on his black Mercedes van.

When Carroll won the Lottery at the age of 19, he was employed part-time as a binman.[1] At the time of his win, Carroll did not have a bank account, and tried opening one at Coutts as recommended by the lottery company. Coutts refused his application, which Carroll later ascribed to his criminal record.[1]

In 2006, the BBC reported that he was almost broke, having spent his fortune on new homes, drugs, parties, jewellery and cars.[8


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InvisibleAsante
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Re: I want to hear detailed plans! What would YOU do with... [Re: LobsterSauce]
    #23593125 - 08/30/16 10:29 AM (7 years, 4 months ago)

Thats what you get when you never really make a serious plan what you would do with suddenly acquired wealth.


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Omnicyclion.org
higher knowledge starts here


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OfflineTheMovement
faeirie princess in training
I'm a teapot


Registered: 07/30/12
Posts: 6,781
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Re: I want to hear detailed plans! What would YOU do with... [Re: Asante] * 1
    #23593133 - 08/30/16 10:30 AM (7 years, 4 months ago)

Start an herbal healing center in western mass-

Basically a ramped up warehouse with three parts-

1. The tea lounge. Here you would be able to learn about the healing properties of different plants, buy some tea blends, and of course, lounge and enjoy a cup of tea with your friends.

2. The showroom. The showroom would be mostly a crystal based shop, but would also sell spirituality based literature on the cheap, and some small variety of clothing and bags.

3. The workshop. As you can imagine, this will be the space for different types of classes to be taught. Things like yoga and tai chi and also things like making medicinal cacao kava chocolates. :smile:

Would start it in western mass to work out the kinks and then move closer to the cities, where they have less access to herbal healing. I believe we all have to do what we can to heal the planet :sun:


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Offlinespecialpeopleclub
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Re: I want to hear detailed plans! What would YOU do with... [Re: Asante]
    #23593134 - 08/30/16 10:30 AM (7 years, 4 months ago)

Nothing. All that free money is an evil force that will destroyb the life of whoever takes it


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OfflinePatlal
You ask too many questions
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Re: I want to hear detailed plans! What would YOU do with... [Re: specialpeopleclub]
    #23593160 - 08/30/16 10:40 AM (7 years, 4 months ago)

The most important thing to do (In Canada) is to decide who's name you want to put on that lottery ticket. We do not tax lottery wins because we buy lottery with our after tax money.

BUT

If you win 10 mil cash it under your name alone and give a million to your mom. She will get taxed on that million nearly half the amount. If you out your mom's name as 1/10 of the owner of the ticket, you get 9 million tax ffree and she gets 1 million tax free also.

As for the money itself. I'd invest it somewhere safe (5%) interest and live off the interest alone while reinvesting everything that is left at the end of the year back into the acocount for a bigger payoff the year after. I could off-course go into real estate, buy a huge apartment building and rake in a shit ton of money and be worth north of 100 million by the time I retire, but do I really want that kind of trouble?


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Invisiblesomething super extreme
NIGGA YOU A FUCK NIGGA!
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Re: I want to hear detailed plans! What would YOU do with... [Re: Patlal]
    #23593163 - 08/30/16 10:41 AM (7 years, 4 months ago)

Canada, LOL!!!


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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
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Re: I want to hear detailed plans! What would YOU do with... [Re: something super extreme]
    #23593167 - 08/30/16 10:42 AM (7 years, 4 months ago)

Quote:

something super extreme said:
Canada, LOL!!!




What's so funny about Canada?


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OfflineVriska Serket
Mindfang
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Registered: 10/02/13
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Re: I want to hear detailed plans! What would YOU do with... [Re: Patlal]
    #23593177 - 08/30/16 10:45 AM (7 years, 4 months ago)

write a will leaving it all to my mom and brother, spend a lot of it on dope and a gun, buy some really fancy furniture and a crushhed velvet robe, do dope for awhile, and then kill myself


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OfflinePatlal
You ask too many questions
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Re: I want to hear detailed plans! What would YOU do with... [Re: Vriska Serket]
    #23593191 - 08/30/16 10:48 AM (7 years, 4 months ago)

Quote:

Vriska Serket said:
write a will leaving it all to my mom and brother, spend a lot of it on dope and a gun, buy some really fancy furniture and a crushhed velvet robe, do dope for awhile, and then kill myself




I kinda wish I was your brother now.


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OfflineNolan92
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Registered: 06/05/16
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Re: I want to hear detailed plans! What would YOU do with... [Re: Asante]
    #23593282 - 08/30/16 11:18 AM (7 years, 4 months ago)

create a football empire in the Philipphines with me as its Supreme ruler.


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"be a child, never be an adult al the problems of the world are made by the adults."

"If a child feels like laughing he just laughs and it doesn't matter for him if others know why he laughs or not."

By Rael


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Invisibletrekie
Metal man
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Registered: 05/11/09
Posts: 11,085
Loc: Larger cities
Re: I want to hear detailed plans! What would YOU do with... [Re: Nolan92]
    #23593325 - 08/30/16 11:32 AM (7 years, 4 months ago)

Pay student loans and other debt 30K

I would buy a house/land by one of the big lakes. Know where exactly (land is cheap )  .
Say after updating a large work space 500k.
Then would easily drop 500K to 800K on tools.
Newer flat bed truck 80K .
Invest the rest live off the interest .
Still would work. Wouldn't let any  women know .


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I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.



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OfflineMr. Magic
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Re: I want to hear detailed plans! What would YOU do with... [Re: Nolan92]
    #23593359 - 08/30/16 11:44 AM (7 years, 4 months ago)

Shit i dont know what id do with that. Id probably first divide it up between family members. Let my parents pay off all their debt. Id probably do some research into different charities and donate a lot of it.

Keep enough for myself to buy a nice house/car/drugs. Stash a chunk away, probably invest some of it as well.

Quit my current job because its stressful as fuck, but id have to continue to work because im that kind of guy. Id probably move to a different country or state. Find a job i enjoy or pursue a career in college.


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Offlinehex_enduction
satta massa gana
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Re: I want to hear detailed plans! What would YOU do with... [Re: Mr. Magic]
    #23593384 - 08/30/16 11:51 AM (7 years, 4 months ago)

Build myself a nice diversified portfolio that will pay me a comfortable income for life, spend a couple hundred grand on a cottage in the middle of nowhere, fill it with whatever musical instruments and equipment I need, then hole up there for the rest of my life and make music. If I could afford it I might buy a condo in New York or berlin or something and fly myself and my friends out there whenever I feel like I need a break from the isolation.


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Connoisseur said:
oh ive cried on drugs

sunshine said:
Tragic.  I told the cop not to do it but he didn't listen.


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Invisiblenorthernlight
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Registered: 02/19/10
Posts: 362
Re: I want to hear detailed plans! What would YOU do with... [Re: trekie]
    #23593466 - 08/30/16 12:15 PM (7 years, 4 months ago)

Spend a million, buy index funds etf, then live off the interest  which should be at least 250k after taxes. I would try to never touch the capital. I would also buy a expensive house in the 2 million range so I could save on taxes. Probably buy a nice Mercedes like a s65 amg, but I would keep my outback. I probably wouldn't have any big toys like planes or big boats..the million I'm going to spend would be on alot of different things. Jet skis, a motorcycle or two, nice car, random 50k dollar toys basically. Stuff like that.


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InvisibleMidnight_Toker
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Re: I want to hear detailed plans! What would YOU do with... [Re: hex_enduction]
    #23593492 - 08/30/16 12:23 PM (7 years, 4 months ago)

Pay off my Mother's and Sister's houses, either renovate my dad's place for him or buy it off him and get him a new house, renovating his old place anyway and turning it into a nice duplex apartment.  Pay off my sisters car, buy my mom a nice newer car and surprise my dad with a 57 or 58 Dodge.

Travel the world for a year or so but not on a giant budget; I like seeing places the way they are, not the way they are presented for you when you're very rich.  It'd be great to treat my whole extended family and some friends to a nice 2 week Phillippine vacation while staying in a really nice hotel though.

Then I'd come back home, buy a very modest house (or move into one of the units if I has bought my dad's place off of him) and adopt a dog from the pound.  I don't need much, only a garage and a nice yard for the pup which can be had for $200-250k.  I'd do my Mustang up EXACTLY how I want it and daily drive that but splurge and buy one really nice sports car for the weekend.  I'd probably have a couple other cheaper project cars too, like a 240-280z, a 70's/early 80's porsche etc.. but they would cost almost nothing in the grand scheme of things.

Then after my little splurge/world tour I'd have maybe $7M remaining in low risk investments and $1.75M in higher risk or business ventures, I'd go back to school.  Whether it be to realize my passion and go all the way with that or to just keep learning about new and different things, I don't know.  It would allow me to either vacation or work on projects every summer though.

Also it's worth mentioning that I'd surely help my family out way more than just paying stuff off for them.  My mom could retire the day she found out and I'd pay her way until the day she died after all she's done for me.  My father and sister also deserve anything they desire for all they've done for me and I would make any of it happen for them if it was within my power.

I've also always been interested in both house flipping (I've wanted to renovate them myself while I live in them though) and buying rental properties.  If I had the time I would certainly invest some of my money in rental properties.


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Invisiblesomething super extreme
NIGGA YOU A FUCK NIGGA!
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Re: I want to hear detailed plans! What would YOU do with... [Re: Midnight_Toker]
    #23593505 - 08/30/16 12:26 PM (7 years, 4 months ago)

canadia don't even have money lol


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