What is your budget/plan if you win the 340 million?

Reply #18

guesser — Tue, 06 Mar 2007 19:40:48 GMT

I'd do the same, but it would be roller hockey rinks, we don't have any here, just revamped tennis courts. And those skateboard parks - the ones that look like huge swimming pools, if I could find a way to not be liable for injuries, I'd fund some of them.

I'd love to fund kid's sports in the 'bad' end of town - but if I allocate money to a ball field and it isn't kept up, what good is it ? I would meet all kinds of folks halfway, but they have to do something to earn it, to show apprecia... [ More ]

Reply #17

spy153 — Tue, 06 Mar 2007 18:52:26 GMT

Reply #16

Fibonacci — Tue, 06 Mar 2007 18:40:38 GMT

10% to charity/religion

25% to family, friends

35% to lawyers and financial advisers

9% fighting off legal challenges including from family members heretofore unknown

1% treating myself --$200 haircuts, $1200 suits, bling, personal trainer, playing polo, country club fees, heavy tipping etc

5% wasted on new cars,art, furniture, new house(s)--all the things I cannot afford now

2% in a bank account where they charge me to keep my money

6% on doctors, psychcologists, psychi... [ More ]

Reply #15

JAG331 — Tue, 06 Mar 2007 18:37:31 GMT

I think the whole charity idea is nebulous, until you win.

Once you win, you can start forming concrete ideas of how much money you'd feel comfortable giving away, and be able to seriously look into projects for your town or other interests.

Reply #14

LuckyLilly — Tue, 06 Mar 2007 18:31:14 GMT

lol Yeah, I'm easy. But that girl doing the school project thinks I'm greedy cuz I won't give any to family. So I guess it's a matter of perspective.

I don't see the point in living modestly and trying to accumulate a billion dollars like that Duke guy. And I figure 60 mil is more than enough for me to enjoy a fabulously wealthy lifestyle, why not give the rest away. There was recently a police officer here shot and paralyzed in the line of duty and they have a bank fund set up that goes... [ More ]

Reply #13

SirMetro — Tue, 06 Mar 2007 04:18:06 GMT

Basically, my budget would be pretty much similiar to what I had posted here a little while back https://www.lotterypost.com/thread/146145.htm with just a few minor adjustment to the overal figures to allow for the differences in value. Perhaps the only addition I would include because of the larger sum to work with is establish a Family business that would permit me to hire my Family to get around the $12,000 annual limitations (and yes, they have to pay their own damn taxes, thank you).

Reply #12

MegaWinner — Tue, 06 Mar 2007 04:14:29 GMT

I'd also do the park thing. I'd actually buid quite a few nice ones.

Reply #11

bambini — Tue, 06 Mar 2007 04:12:36 GMT

My act of charity would be to build and indoor ice skating rink in our town. We have an outdoor one, and it is only useable about a month or so, before the ice gets too crappy to skate on.

Reply #10

MegaWinner — Tue, 06 Mar 2007 03:31:05 GMT

Wow, your pretty liberal with your dough! (I mean that in a nice way lol!) I'm not giving much to charity because the money usually always finds it's way into some greedy thief leading the charity. The only one I am okay with donating to are the Freemasons because I am one lol! I know how the money will be put to use and I know the money won't end up lacing teh pockets of thieves.

As for fire and policemen, i'd hook them up too, but not to the tune of $60 mill. Maybe only like $2 mill to... [ More ]

Reply #9

LuckyLilly — Mon, 05 Mar 2007 17:15:24 GMT

I'm new and haven't posted a what I'd do list, so I'll play.

First off, I'd have no problem whatsoever saying no. I'd do my best to remain anonymous, but that's just so no one would know how much money I have. I'm single and would hate to wade thru a bunch of guys just looking for a sugar mama. Okay, so with my expensive homes, they might know I'm wealthy, but I'd prefer that people don't know where I got it. Too many people have the idea a lottery win is free money to the winner an... [ More ]

Reply #8

JAG331 — Mon, 05 Mar 2007 16:55:08 GMT

Good reasoning, JimmySand!

I'm 5 years out of college already. I think this draw will end up around $360 million, so I'd take my $129 million (after federal/state tax), and go on a ridiculous vacation, to the Caribbean or South Pacific....bring 5 close friends...try and spend as much money as possible...even then I doubt I would go over $100k.

Then come home and figure out what to do with my $128,900,000!

Damn it's good to dream! That's a ton of money

Reply #7

JimmySand9 — Mon, 05 Mar 2007 16:47:46 GMT

I know I probably won't win, but if I do, I'm going to drop out of college. I'm only going there to get a degree, and I'm only getting a degree to get a job. And if I win $200mil (cash option), I won't need a job, and therefore, I won't need a degree, or need to go to college.

Reply #6

guesser — Mon, 05 Mar 2007 04:04:24 GMT

If we don't have our dreams, then life would not be worth living.

Some folks dream of a new pair of shoes or a winter jacket, and some dream of hitting a jackpot, it's all in your perspective.

Reply #5

bambini — Mon, 05 Mar 2007 02:51:58 GMT

The bigger the dream, the bigger the disapointment. I'll worry about it when, I win it.

Reply #4

emilyg — Mon, 05 Mar 2007 02:39:34 GMT

search feature is top right under resources

Reply #3

guesser — Mon, 05 Mar 2007 02:33:00 GMT

Nah, you not bad, just page back, don't search.

The reason I say that is because so many folks have posted over and over what they would do that they are kinda tired of posting the same exact thing over and over and over.

And for the record; most folks have said they would change very little from what they do now: most would buy slightly better homes, most would give small amounts only to their closest allies, and most WOULD give to charities and organizations they like.

Reply #2

MegaWinner — Mon, 05 Mar 2007 02:21:38 GMT

I don't see a search feature. I did go back as far as July and maybe I missed the threads. My bad.

Reply #1

guesser — Sun, 04 Mar 2007 06:55:41 GMT

Not trying to be a richard noggin, but you should just page back and look around, this topic has been discussed 146 million times.

What is your budget/plan if you win the 340 million?

MegaWinner — Sun, 04 Mar 2007 05:02:36 GMT

I will take the cash lump sum option and get the $135,000,000 after taxes (%35). I'd hire a tax lawyer, estate planner, and financial planner. I'd tell them that I want to keep $75 million and give away $60 million to close family and friends (about 12 people). Of course the tax burden will come out of their share (ex: if I give my friend 5 million, the taxes to cover that are coming out of that 5 million).

I'd purchase a $3 million dollar home (steel framed; actually already have the floo... [ More ]