What I Did With My Lottery Earnings ($250MM -- lump sum after taxes)

<p>get all the money changed into cold hard cash and burn it all.</p>

<p>Shravas, your either an idiot or your crazy. I can't tell yet.</p>

<p>Maybe he's just really generous. Of course, if he is that generous, I guess he's probably a bit crazy.</p>

<p>How many gumballs can that buy...</p>

<p>200kish to pay for school
another few hundred k or so to have fun with like go on trips to shows and other stuff maybe backpacking a summer or after college
2 mil for a nice house for my parents
500k+ for my brothers' college
maybe a few hundred k to send my brothers to private school for grades 6-12?
money set aside for my grad school and my brothers' grad school (way into future i know)
a few hundred k for living during grad school and for my first job</p>

<p>don't know how much that leaves left but invest half of that into some good mutual funds, save some money for later use like first house, stuff for kids, and other stuff way into the future, and use the rest for a trust fund for myself so i don't blow too much of the money before i'm older (i can be bad with money).</p>

<p>Buy my way into Harvard.</p>

<p>sigurros: Assuming each gumball is 25 cents, it can buy you 1 billion gumballs!!</p>

<p>A lot of it would be spent on the creation of NetHack-themed porn.</p>

<p>Aside from that -- money is power, power comes with responsibility, and I don't think I could handle that much responsibility. Perhaps I'd bury it somewhere that no one would find it, and reduce its worth to that of a stack of paper. I don't want to give it away and be indirectly responsible for what other people do with it.</p>

<p>Besides, it'd help inflation. :)</p>

<p>Take it to the Bellagio and bet on black.</p>

<p>like angelina jolie, i would..
spend a third (car, traveling, living expenses, home, family, shopping, college, etcetc)
donate a third
save a third (stocks, etc. for my kids and grandkids :])</p>

<p>I would put it in the bank for a year to think about what I would do as to not make any stupid decisions (and make some interest!).</p>

<p>I don't really know about specific amounts, but I would eventually...
-buy my grandparents house for them (they want to sell it because its too big for them- but I LOVE that house, I've had all my Christmases and Easters and Thanksgivings there since I was born, pretty much) and hire somebody to look after it
-build my parents and brother a house
-buy/build myself a house or two (one at home, a flat in London or Paris, and a vacation home somewhere tropical)
-travel the world (and save some money so that I could keep travelling every year...) and do some shopping while I'm at it
-get involved in philanthropy/charity... donating would be good, but I'd want to make sure that everything goes where it should, so maybe I would start my own foundation or something
-save the rest for my kids, future expenses, and all that...</p>

<p>I really just want to travel, and I've always thought that if I ever win the lottery I'd go to teaching school just to have the two free months every year to spend my lottery winnings (and shape young minds, of course!). I'm already considering being a prof, but I don't think I would make enough teaching secondary to do the serious travelling I want to - ie. at least one trip to another country every year, and I don't mean driving down to the border. I know profs don't really make that much either, but it's more than teachers and the earning potential is greater if you do research and publish. I also don't think that I could live the corporate lifestyle - my dad already does and even though he makes good money, he doesn't really have that much time left over to do much with it. I can't even begin to count how many times he's had to leave a family holiday early to get back to the office... it's just not a lifestyle I would want for myself.</p>

<p>Buy an island, build a mansion on it. Make mom, sister, other select people's lives comfortable. </p>

<p>The rest, which would be like 225 Million would be invested so that my family stays rich.</p>

<p>50 M to charity
20 M to my parents
10 M to my brother
10 M for heirs
10 M for houses, furniture, cars, maybe a plane
1 M for college/expenses
1 M for living expenses/clothes/shoes/jewelry
1 M to spend on vacations
1 M to distribute among relatives/friends
6 M saved in the bank
140 M to be invested</p>

<p>$1M for college for me, DB, DS, M & D.
$1M to my parents to pay off all expenses and help them live comfortably.
$10M for myself so I never have to work again.
$238M to invest.</p>

<p>Give the interest away each year.</p>

<p>I really can't do this. It makes me so depressed.</p>

<p>I'd keep about $10M so my family will never have to worry about money again.</p>

<p>Then I'd figure out how to do good with the other $240M ... but do know what I'd do with the lion's share of the $240M. I'd start a venture capital firm ... which invests in people ... in people who want to start a restuarant, a cleaners, a gas station, etc. My firm would provide capital and business consulting as these owners/companies get on their feet ... and the target locations would be the poorest areas in the US.</p>

<p>$215 million- buy NBA team</p>

<p>$30 million- personal expenses/investment</p>

<p>$5 million- Gates Foundation</p>

<p>Spend 100,000 to wack a few people.
Use the rest to start a company then try and take over the world.</p>

<p>Put it all in the bank and live off the interest :P</p>

<p>"Buy my way into Harvard."</p>

<p>-hellz yeah.</p>

<p>20M - Townhouse in the Upper East Side
12M - Shopping for the rest of my life
18M - Give to my family
10M - Yacht
5M - Buy my way to Harvard
1M - Pay for my Unabomber-esque brother to publish a book on the evils of society, because I secretly agree with everything he stands for.
4M - Traveling
10M - Fund a group of scientists to create calorie-free food
100M - Savings, stocks, bonds, etc</p>

<p>And then I would donate 100 million dollars directly to a poor central African country, thus alleviating hunger there.</p>