So, what would you do if you won the lottery?

[Kenny]

My 19th birthday today and I just bought my first lotto ticket. A $5 quick pick.

I'm pretty sure I'm not gonna win, but I was thinking about what I'd actually do with it, pretending you get ~$2 million after tax.

Something other than "two at once."

 

[Hammer]

three then

 

[NathanBWF]

pay off all my debts then live off the interest for the rest of my life....and then do 2 at once!

 

[Encryptic]

"Two chicks at the same time man."

No, actually I'd pay off all my bills and put a down payment on a house.

 

[wyvrn]

Pay off high interest rate debt, invest most of it in investment property, take a nice vacation travelling around the world, and take the rest and put it into an IRA.

 

[boyRacer]

buy a ferrari.

then again i can blow 2 million real quick. so id probably invest it. then buy myself a more expensive ferrari.

 

[crab]

Buy a new van, and bigass horse farm.

 

[Jugernot]

Yes you are right, you will not win.

If I were to win the lottery and assuming it were in the 60-100 million dollar range , I'd take the lump sum payment (assuming that is available) which is usually something like 30% of the whole after taxes. Take half to live on, invest half so I wouldn't have to worry about money for the rest of my life.

I'm pretty thrifty, so I don't think I'd go spend it on loose woman and booze. I also wouldn't be buying a $700k car.... waste of money, IMO.

EDIT: Ok, I didn't read your post apparently. With 2mill.... I'd invest 1 and live off the other. Hopefully my investments would pay off and I'd be making money somehow for the rest of my life. Though 1 mill ain't enough to live for the rest of my life.

 

[Imported]

Put $1mil in the bank..

With the rest I would..

- Buy a house down in OC
- Buy a new car (G35 Coupe)
- Pay off my school loans/tuition
- Pay off whatever bills I have

That sounds about right for me.

 

[Hanpan]

Spend ~250k on educating people on the follies of playing games of chance where the odds are stacked in their favour. I would invest the rest and continue to live my life as before.

I know I am pretty boring, though I might be persuaded to by a nice car.

 

[The Stigenator]

pay my bills, my bills and my bills

and then after all that is done then i will figure out what I want to buy for myself as a present.

 

[Eli]

I would hire a financial advisor and forget about money.

 

[AgaBoogaBoo]

This isn't a repost? I was going to post some time back but didn't bother searching since I thought it was already posted... I'm too lazy to check still

Anyway, heres what I would do:

Pay of our house
Save a good amount for college for my brother and I
Save $500,000
Buy a couple Mercedes, Volvo SUV's (Yeah, I like those), BMW Z8.
A Server room with load balancing servers and a ton of rack servers for no reason
Color Laser Printer
My dream Computer
2 T1 lines coming in to my house, 1 for hosting games and 1 for personal use
Hmmmm... and a Hershey Milky Bar

 

[N8Magic]

$2,000,000 after tax?

I'd quit my job, buy a new house, a new S4, a nice Chevy 2500HD Crew Cab, an 18 foot bowrider, a jet ski, a snowmobile, a 4-wheeler, a dirt-bike and a nice cottage all at low low finance rates and pay them off over time off with the money I earn from investing that $2,000,000. I'd never touch the principal amount.

 

[MichaelD]

My answer really depends on how much money we're talking about.

The TX State Lottery pot starts out around $2M IIRC...going up from there dependent on nobody winning.

$2M taxed, works out to "about" $1.3M.

If you invested wisely, you could possibly live off the interest of $1M.

That leaves $300K..not really a lot of money.

Now...if I came away with say, $5M or more?

I'd be dead in a year.

 

[iwearnosox]

I would buy boxerworld.com and turn it into a pedigree cat site.

 

[yukichigai]

Pay off the massive massive debt my parents accumulated after the flood 6 years ago, then use the rest of the money to pay for college. I'd also probably blow a bunch of cash on expensive items of "racy" nature. At the very least I'd have to buy a Real Doll. I hear those things are flippin' amazing.

 

[RossMAN]

Originally posted by: N8Magic
$2,000,000 after tax?

I'd quit my job, buy a new house, a new S4, a nice Chevy 2500HD Crew Cab, an 18 foot bowrider, a jet ski, a snowmobile, a 4-wheeler, a dirt-bike and a nice cottage all at low low finance rates and pay them off over time off with the money I earn from investing that $2,000,000. I'd never touch the principal amount.

Ahem, you're forgetting the part where you invite your good 'ole buddy Rossy and Mrs. Rossy to New Zealand with you flying first class?

That's alright I forgive you, this time.

 

[SammyBoy]

What kind of a hick lottery do you only win 2 mill after tax?

Anyhow, assuming I won 5 mil after tax, I'd put 3 mil in banks all around, getting enough interest to live and still having my money insured/protected by whatever those clowns are called

Then I'd be sure to buy a nice house I could start a family in, a G35 coupe, a 911 convertable....and....hrm.....Escalade maybe? Need 1 practical ride, ya know

Anyhow, i'd definately not be stupid, i'd leave enough to live on but ALL the rest would be spent on house/cars/goodies...to the cent

 

[Eli]

Originally posted by: yukichigai
Pay off the massive massive debt my parents accumulated after the flood 6 years ago, then use the rest of the money to pay for college. I'd also probably blow a bunch of cash on expensive items of "racy" nature. At the very least I'd have to buy a Real Doll. I hear those things are flippin' amazing.

You would still go to college?

 

[hdeck]

pay off debts and go to sleep.

 

[Geekbabe]

nobody would recognize me

 

[N8Magic]

Originally posted by: RossMAN

Originally posted by: N8Magic
$2,000,000 after tax?

I'd quit my job, buy a new house, a new S4, a nice Chevy 2500HD Crew Cab, an 18 foot bowrider, a jet ski, a snowmobile, a 4-wheeler, a dirt-bike and a nice cottage all at low low finance rates and pay them off over time off with the money I earn from investing that $2,000,000. I'd never touch the principal amount.

Ahem, you're forgetting the part where you invite your good 'ole buddy Rossy and Mrs. Rossy to New Zealand with you flying first class?

That's alright I forgive you, this time.

How could I forget!

First-class? I'd be chartering my own Gulfstream, non-stop from KW to Portland and on to NZ. Hell, we could even swing by AU to see MrsHoneybee's parents!

 

[yukichigai]

Originally posted by: Eli

Originally posted by: yukichigai
Pay off the massive massive debt my parents accumulated after the flood 6 years ago, then use the rest of the money to pay for college. I'd also probably blow a bunch of cash on expensive items of "racy" nature. At the very least I'd have to buy a Real Doll. I hear those things are flippin' amazing.

You would still go to college?

Definitely! There's so many things I want to learn, mostly Japanese and C++. I enjoy coding, particularly when I find my knowledge is applicable to the games I play. (Hell, I taught myself the first year of CS classes by modding Tribes before I ever took a class) Japanese... well I like anime and shibari porn.

 

[JetBlack69]

Pay my parents, pay for college for me and a friend of mine, buy a kick ass computer, invest, buy a nice house. That's about it.