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What will you do if you win $1.3B in the Powerball?
- Thread starter Metalhead
- Start date
I would buy a modest home, get my existing cars restored to like new quality, pay off all my debt, open a coin shop, pay off my parents’ homes, then I would invest half in S&P 500 etfs and live off of dividends.
After taxes on 1.3 billion, you might end up with 600 million
With the other half remaining I would invest in a manufacturing facility in the US and build durable high quality products with a well compensated workforce.
On to grandiose ideas:
Any profits would be redirected to expanding operations and setting a new standard of quality for products made in the US, and more importantly setting a new standard for employee compensation with wages adequate for comfortable living and quality healthcare.
If such a company made enough money I would lobby congress and the senate to end or dramatically reduce corporate lobbying. Before that I would also lobby to have a standard tax rate for personal income, corporate income, and small business income.
After taxes on 1.3 billion, you might end up with 600 million
With the other half remaining I would invest in a manufacturing facility in the US and build durable high quality products with a well compensated workforce.
On to grandiose ideas:
Any profits would be redirected to expanding operations and setting a new standard of quality for products made in the US, and more importantly setting a new standard for employee compensation with wages adequate for comfortable living and quality healthcare.
If such a company made enough money I would lobby congress and the senate to end or dramatically reduce corporate lobbying. Before that I would also lobby to have a standard tax rate for personal income, corporate income, and small business income.
Not I. I would change my name and my face, and disappear.
The question should be:
I've never bought a lottery ticket, but I've many times thought about what I'd want to do if I won. As @Judge said, finding good financial advisors is essential. As a religious Jew, I would try to find a rabbi who could be one of those advisors.
What would you hope to do if you win $1.3B in the Powerball?
None of us know how we'd actually react in such a scenario.I've never bought a lottery ticket, but I've many times thought about what I'd want to do if I won. As @Judge said, finding good financial advisors is essential. As a religious Jew, I would try to find a rabbi who could be one of those advisors.
Jeff T
puzzling lifeform
If I actually gambled, and then won such a ridiculous amount of money? After the taxes, I'd purchase a second home but in a cooler area- Too bad the Grand Mesa in Colorado isn't available for home sites.
Then the remaining $599 million would be disbursed among 600 struggling people, secretly.....
Then the remaining $599 million would be disbursed among 600 struggling people, secretly.....
I'd vanish off somewhere with a competent government and start my own little town.
No noisy vehicles, entitled or ignorant people allowed.
No noisy vehicles, entitled or ignorant people allowed.
I buy a lottery ticket once every few years. I never buy believing I'll win anything, it takes unbelievable odds just to be able to get your own money back, but having a ticket lets you dream for a few days.
In Australia lottery winnings are tax free.
I'd buy a large property in South Australia's mid north and spend the rest of my life reforesting it, restoring the Mallee scrub that used to exist there. I got used to living a lifestyle where I don't need to go shopping every week, or even every month, even the Scotts would call me frugal.
I'm happy with a simple quiet life, I don't need much to get by.
In Australia lottery winnings are tax free. I'd buy a large property in South Australia's mid north and spend the rest of my life reforesting it, restoring the Mallee scrub that used to exist there. I got used to living a lifestyle where I don't need to go shopping every week, or even every month, even the Scotts would call me frugal.
I'm happy with a simple quiet life, I don't need much to get by.
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First step, hire an attorney.
Then: quit job, buy one or two small houses somewhere (1 in northern Minnesota and 1 in maybe San Diego), buy 2 reliable vehicles, give my parents a sum of the $$ then invest the rest.
Of course, to do this I'd have to buy a ticket which I haven't.
Then: quit job, buy one or two small houses somewhere (1 in northern Minnesota and 1 in maybe San Diego), buy 2 reliable vehicles, give my parents a sum of the $$ then invest the rest.
Of course, to do this I'd have to buy a ticket which I haven't.
My husband buys lottery tickets, just a few at a time. Total waste of money, IMHO, but he enjoys it. If I won, I'd opt to receive the lump sum, hire good financial and legal advisors, try to remain anonymous, and immediately embark on a luxury tour of the world and deep dives into cultures that fascinate me.
1. Pay off debts
2. Build my dream home
3. Retire
4. Travel...alot
5. Invest
6. Pay off my children's debts
7. Create scholarship program for teachers and students in underserved areas
Would that be enough to live on for the rest of my life? I most definitely would lose disability if I had that much money so it would need to last. Other than basics like food and bills I might get a ps5 or a better pc. Also pay off my grandmothers debt
Good question given the reality of persons unaccustomed to having so much money at once. Void of any "professional" understanding of how to keep it.
You might be shocked at how many lottery winners lose their entire winnings and are broke within five years. Having lots of money in this culture is no guarantee of keeping it.
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Still have a much better chance of winning then getting a girlfriend or even a platonic female friend to actual hang out and do stuff with.
I would travel the world.
Then buy a house outside the city and condo in the city.
Support my parents for life.
I would travel the world.
Then buy a house outside the city and condo in the city.
Support my parents for life.
Modify a school bus. Disappear. Never worry again.
Build a real honest to goodness Hobbit hole with rooms and chambers that extend deep into the hill and under trees.
Make it as grand and cozy as Bag End. Everything carved wood, like The Seven Dwarves' cottage.
Everything made in the auld way.
Except the mattress. I want a ten thousand dollar mattress.
But on top of it I'd like a featherbed.
I want to make my own stained glass windows.
A wood cook stove.
A separate cookhouse for summer, so I don't heat up the rest of the house when cooking, baking, canning, etc.
I'd have a lot of dogs.
(awful) Terriers for rats.
Cattle dogs and shepherds for livestock guarding.
A big fluffy Labrador for my lap.
Maybe since I'm ultra rich, a lioness to cuddle with in bed.
The Hobbit hole would have an old fashioned Victorian style glass conservatory on the back end. I'd grow all kinds of weather sensitive crops and pretty plants and trees in there.
I'd wear long dresses and aprons and make bread from scratch and pies and stew. And sew all I want. I'd be a real Hobbit.
I'd grow poppies and calendula and echinacea on the slope of the hill by the front door.
There'd be espaliered fruit trees.
And quads to ride around on.
Goats, donkeys for the goats, pigs, chickens, turkeys, geese, and ducks.
And of course, just because- a chromed out, blinged up, fully restored, cherry Caddilac.
But there'd have to be dirt road dust on the fancy caddy.
And horses to ride. With a full tack room and harness shop for custom work.
And then, with everything else, I'd retire everyone I know, and then just give away a ton of it to ordinary people. And then keep a chunk of it aside for my descendants.
Build a real honest to goodness Hobbit hole with rooms and chambers that extend deep into the hill and under trees.
Make it as grand and cozy as Bag End. Everything carved wood, like The Seven Dwarves' cottage.
Everything made in the auld way.
Except the mattress. I want a ten thousand dollar mattress.
But on top of it I'd like a featherbed.
I want to make my own stained glass windows.
A wood cook stove.
A separate cookhouse for summer, so I don't heat up the rest of the house when cooking, baking, canning, etc.
I'd have a lot of dogs.
(awful) Terriers for rats.
Cattle dogs and shepherds for livestock guarding.
A big fluffy Labrador for my lap.
Maybe since I'm ultra rich, a lioness to cuddle with in bed.
The Hobbit hole would have an old fashioned Victorian style glass conservatory on the back end. I'd grow all kinds of weather sensitive crops and pretty plants and trees in there.
I'd wear long dresses and aprons and make bread from scratch and pies and stew. And sew all I want. I'd be a real Hobbit.
I'd grow poppies and calendula and echinacea on the slope of the hill by the front door.
There'd be espaliered fruit trees.
And quads to ride around on.
Goats, donkeys for the goats, pigs, chickens, turkeys, geese, and ducks.
And of course, just because- a chromed out, blinged up, fully restored, cherry Caddilac.
But there'd have to be dirt road dust on the fancy caddy.
And horses to ride. With a full tack room and harness shop for custom work.
And then, with everything else, I'd retire everyone I know, and then just give away a ton of it to ordinary people. And then keep a chunk of it aside for my descendants.
First, I would buy a house, publish my books, and Maybe try to start my own organization with ideas that I’ve had
Then, instead of being an aide as my job, I would be ahead of the organization that I would make
divide my donations for the various programs I’m a part of
Also, I would travel a lot too
And set aside some for normal things like groceries and bills
Then, instead of being an aide as my job, I would be ahead of the organization that I would make
divide my donations for the various programs I’m a part of
Also, I would travel a lot too
And set aside some for normal things like groceries and bills
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