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You win the megamillions jackpot for $200 million

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Pay off what I owe, mortgage and small car loan. Set up some funds for the wife+kids+other family, keep working cause I need something to do or I'll do nothing at all..
 
Buy my condo complex, build a house outside the city with a good sized heated garage, fill said garage with machining equipment and tools, build interesting things, maybe make some iron scuptures I've wanted to create.
 
I'm late to this party, but I would:

-Pay my debts (~$70,000)

-Pay my parents debts (Not sure how much but <$100,000 I'm sure)

-Buy my parents a nice house, and, since they live on a farm, new barns, tractors, etc. They've been using very old machinery for a long time now. They deserve good stuff.

-Buy a new-ish car for myself. I'm driving a 2001 pickup. It's fine, but showing its age.

-Give $5 mil to a very good friend of mine. He wants to be a writer, but he's stuck in the work-a-day world.

-Give a lot to another friend.

-Invest at least $50mil of it

-Go on a fun ~$50,000 shopping spree, buying things I've been wanting for a long time.
 
ahenkel said:
Get a lawyer, then a financial planner
Then arrange it so I'm living off interest only. Second step not tell a single soul and deny deny deny if someone asks. If I help someone out they sign non disclosure agreements.The main thing I'm not going to do is assume that 150 million is an unlimited supply of money and start handing it out to make friends or get people to like me.
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This, and convert to Judaism.
 
Not much. Minnows are cheap. I do alright now. I'd set up my kids to go to the elite schools that cost like 60K a year. I'd take my wife on a 6 months tour in Europe and Asia. I'd buy a Florida winter vacation house on Keys with a boat dock to fish some more.

I've always wanted to build one of these rock crawlers with a Cummins diesel...costs about 120K if done right.

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rcpratt said:
I'd start by not taking the lump sum.
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Ditto. Getting all at once makes it easy for you to spend it all and become another sad lottery story.

I'd also get a lawyer and financial consultant. I would set up an LLC or something to claim the prize so I don't have to use my real name. I wouldn't tell a soul I'd won, not even friends and family, at least not initially.

Once my money is properly set up to be safe from gold diggers I'd move out of the country and buy a sweet pad on the beach. THEN, I would tell my folks that I'd won, send them a few million each, and live off the interest.

I'd spend my days being fed strawberries by Queen Rania, oily and nude. 😎
 
I'd buy a unicorn and a rainbow. Then I'd use a team of oompa loompas to force the unicorn to slide down the rainbow into a pile of koala bears.
 
I'd take the lump sum. Take the ~75mil and throw it in an interest bearing account. Assuming I go on a spree and spend 35mil in the first year (see below), I'll make out with 40mil. Give that 5&#37; interest a year and in 27 years when I hit 50 I'll have about 142mil. I could live with that.

Also, just saw this on a previous post. In order to avoid losing it all, I'd put the 35mil to use immediately in one account and the other 40mil in an account where I would be joint-owner, right of survivorships, with my dad. No money could be withdrawn from that unless both of us were to approve it. This would hopefully stop the sad Lotto story from happening. I trust and respect him and his judgement. more than anyone I know.

First off I'd hire a lawyer on retainer and a financial planner. Then:

Donate
-Put 500k in an interest bearing account (managed by financial planner) where the money is donated annually to my HS rowing team but they have no access to account (rowing got me through HS. Fuck the school, I'll support the team)
-Put 3mil in an interest bearing account (managed by financial planner) where the money is donated annually to my Collegiate rowing team with the rule that the money is donated only if the team remains a club and the Club Board (run by students) exchanges full transparency (but not authority) for the cash. I want to make sure that those guys don't waste the cash (students running the teams when I was on it were fucking morons).
-Donate 10mil to VT. And a little something something every year after that.
-Donate unknown amount to various charities around the country

Family
-Pay off all family debts out to 1st cousins (parents, grandparents, aunts/uncles) without thought and then more removed family on a per case basis.
-Give most of family some money based on emotional distance from me. Basically immediate family, grandparents, my dad's brothers, and one of my mom's sisters would get some cash . My mom's other sister and her family can go fuck themselves.

Self
-Buy a place on the beach/intercoastal in NC/FL
-Buy a boat for the houses (24-28' CCs)
-Buy a couple of bikes
-Buy a couple of cars (one for each house and one to replace my 01 Civic)
-Buy a plane (probably a Cirrus SR22T)

Continue to work until the age of 40-50 when I retire.
 
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skyking said:
Lump sum vs annuity depends on age. I am at that age where I'd rather have my money now, thank you.
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75 mil or 200 makes no diff. I'd spend 1 tops and rest would sit somewhere or I'd try and find good business plans people had and help them out.
 
I've never really desired anything expensive. I'd pay off all our loans, just living debt free would be fine. Maybe a nicer house, but nothing huge where I need a housekeeper.

I wouldn't work though, I'd invest majority of it and travel a bit with whatever the yearly interest allows.
 
ahenkel said:
Get a lawyer, then a financial planner
Then arrange it so I'm living off interest only. Second step not tell a single soul and deny deny deny if someone asks. If I help someone out they sign non disclosure agreements.The main thing I'm not going to do is assume that 150 million is an unlimited supply of money and start handing it out to make friends or get people to like me.
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Omg somebody who is intelligent?

This is basically what I would do as well. I'd also help my family some (like mom, dad, etc) paying off their debt. I doubt that would even touch $1 mil though, and I'd do something for us as a family. Figure out things that we can to like go on a great vacation together for example that we all can remember. Much more valuable than just saying "here is $x for being family."

One thing I would do though is go on a world cruise. I would maybe take a good friend or two in addition to my gf, but would be a ton of fun
 
Pay off debt for myself, parents, and sister.
Build a house along the New England ocean coastline.
Build second house somewhere in the tropical region.
The end.
 
Pay off all debt, consult a financial advisor to set up the rest in such a way that my wife and I will be secure for the rest of our lives. Hopefully we could also devote a sizeable portion to setup a facility like this.
 
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