Or the equivalent in your local currency?

Let's share how we'd live having won/inherited/found(?) such monetary wealth. After taxes, of course. No fantasy too boring or extreme!

Well...... being as this would be tax free. I would invest some. And never work again.

As I am nearer to this point than I'm happy to admit (and I have absolutely no retirement funds in any way), I would first ensure a comfortable retirement for the rest of my life - commencing immediately. " /> I would buy a nice condo; I am not interested in yard work or outside maintenance and since I'm on my own, a lot of space isn't a requirement. But I'd rather have the tax benefit of owning rather than throwing money away renting, which I'm doing now. I'd also buy a nice car Tesla or Audi. All this at cash; I refuse to have "payments" any more!

I'd have a personal trainer/nutritionist keep after me so that I work out and take care of myself properly. Hire a financial advisor. I would pay off my debts (currently below $5k, so that's not bad) and ensure my son was set up well enough so that while he would still need to work -- young men need to work -- he wouldn't have to worry during downtimes and he'd have the flexibility to do what he wanted in life. I'd make sure my parents and siblings were set up properly, as well. One brother has a large family (with two in college and another off in about two years) and I wish I could help him more. I would donate a significant portion to personal charities.

My job is okay but it's always just been one to have money and benefits; it's not a "love" and I wouldn't mind not doing it anymore. Instead, I'd fill my time with travel as often as possible (and be able to afford the stinking SINGLE SUPPLEMENT!!! ). There are so many places on this Earth that I've wanted to see and I'd love to be able to have a holiday that didn't involve sweating every penny and knowing I'd have to get back to work more tired than when I left. Along with that would be an indulgence in my hobby of photography.

I would indulge my love of the arts. I'd go wherever I wanted to see whatever concert, festival, theatre performance, opera, etc. appealed to me. I'd have an excellent home theatre set up. I'd support local artists by purchasing and contributing so they could continue their work. I think I'd also buy a horse. I've always loved to ride and have never been able to as much as I'd like (it's an expensive hobby). I'd board him at a local stable and enjoy that hobby like a mad man! More fun than a dog.

I can barely imagine the lightening of stress not living paycheck to paycheck. It's a fine fantasy. " />

Give a bunch to friends and family.

Give a bunch to charity.

Quit my job.

Invest.

Travel a lot more.

Perhaps start my own businesss Maybe not even business, maybe just volunteer where I'm moved to.

Take some classes just for fun.

Have a big enough house that I can have more cats abd my bf could stand it.

i'd do whut i been doin, just a tad differently...

Buy a low to mid-end posh 3-4 bedroom condo downtown just to live for a couple of years. To give me time to think of where I really want to live. Wouldn't require a lot of maintenance while I'm trying to figure out how I want to settle down. Also to be in the middle of things that are going on. It would be near the airport , seaport and train station since I would plan to travel. It would give my kids a comfortable place to stay while I'm travelling without giving them a whole bunch of stuff they may not be ready for and I can see how nuts they might go and from there gauge what I'd give them.

Hire a finanical consultant, that should probably be first.

I see at least 5 cars. Seems ridiculous, but 1 each for the kids, new small and reliable is about all I'd start them out with, 1 for travelling road trips that can climb these mountains and survive these deserts in comfort, 1 luxury for those nice events you need valets to park your car for you, 1 everyday for grocery shopping and doctor appointments and won't cost a fortune if somebody's shopping cart dings it.

There are a ton of charities, a few very high on my list I'd want to give to, so definitely I'd have to pay close attention to the financial consultant so I won't get too carried away.

Take classes, some reasonable, some not so reasonable.

There is family I'd make comfortable (1 or 2 people) and there's family I'd give them a nice gift certificate and say see ya.

Then after a couple of years hopefully I'll decide where I'd want to retired, maybe another country, maybe not. Buy a house that I can see myself growing really old in. Have trust funds for the kids set up, or if they seem like they have sense let them decide their needs and invest in them that way.

10% to church

Pay off house

Add on to house

Buy mountain house from mother-in-law

Fund college educations for all my kids, nephews and nieces

Buy some cars

Buy some office buildings (put 50% down, finance the rest, put all income to paying off debt)

Travel

Prepare to purchase home in Switzerland

Support local charities

I'd end up with $21,000,000 in the bank (meaning invested in stocks, bonds and commodities). The income on the money in the bank would be about $700,000 per year after taxes.

The commercial real estate purchased would $40,000,000, and the $20 million in debt would be paid off in less than 7 years. The net income from the buildings should be around $3,000,000 per year after taxes.

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[Edited 10/3/13 11:35am]

1. give 10% to save lives

2. buy guitars

#1 - hire the best attorney I can find to finally settle certain loose ends.
#2 - establish one of those trusts that will allow my close family economic stability for decades to some.

#3 - buy a kick-ass house with a huge yard and build one of those crazy treehouses seen on TV.

#4 - Take some time off to pursue my 2 passions....Writing & Photography.

ZombieKitten said:

I'd get my own house that nobody else can mess up Then I'd live in other countries part of each year. I'm happy to live simply for the rest of my days though.

Buy land in Northern California as close to being in the redwoods and on the coast as possible. Build a state of the art recording studio out in the woods with a good view, small lodge (including a small performance space) in one area, a bed and breakfast in a different spot, an artist commune type place in another area (then give artists and crafts persons six month or one year residencies where they could just create stress free), build my own house separate from all of that, then hopefully sign and produce music acts/artists and just spend the rest of my life doing all that.

Cerebus said:

Buy land in Northern California as close to being in the redwoods and on the coast as possible. Build a state of the art recording studio out in the woods with a good view, small lodge (including a small performance space) in one area, a bed and breakfast in a different spot, an artist commune type place in another area (then give artists and crafts persons six month or one year residencies where they could just create stress free), build my own house separate from all of that, then hopefully sign and produce music acts/artists and just spend the rest of my life doing all that.

Be honest, how many Carmen Electras will you do sign?

kewlschool said:

Cerebus said:

Buy land in Northern California as close to being in the redwoods and on the coast as possible. Build a state of the art recording studio out in the woods with a good view, small lodge (including a small performance space) in one area, a bed and breakfast in a different spot, an artist commune type place in another area (then give artists and crafts persons six month or one year residencies where they could just create stress free), build my own house separate from all of that, then hopefully sign and produce music acts/artists and just spend the rest of my life doing all that.

Be honest, how many Carmen Electras will you do sign?

Considering the fact that I mostly listen to electronic music of all types, jazz of all types, modern, baroque and chamber classical, hard core industrial and metal, and a lot of acoustic singer songwriter types, probably not very many! Plus, Carmen was never really my type. But if you're asking how many of my "type" I would show around the property, explaining what I do? Well then the answer is a lot!

MoBetterBliss said:

1. give 10% to save lives

2. buy guitars

yikes... forgot about the kids

1. give 10% to save lives

2. buy guitars

3. put enough aside (invested etc) for kids to be sorted for life

4. buy more guitars

Cerebus said:

kewlschool said:

Be honest, how many Carmen Electras will you do sign?

Considering the fact that I mostly listen to electronic music of all types, jazz of all types, modern, baroque and chamber classical, hard core industrial and metal, and a lot of acoustic singer songwriter types, probably not very many! Plus, Carmen was never really my type. But if you're asking how many of my "type" I would show around the property, explaining what I do? Well then the answer is a lot!

And the whore is back !

1. I wouldn't GIVE 10% to my home church, I would do is invest in the church. Sit down and have a conversation with the deacons and pastors and ask what NEEDS to be done and what they WOULD LIKE to have done. I would then call a contractor, designers, and sound designers to come out and totally remodel the church and campus. I would also expand it, and setup and account that would pay for 24-hour monitoring.

2. I would pay off my brother's debt as well as my own. I would then buy his business partner out and set my brother up so that he could live comfortably.

3. I would also give a set amount to each of my mother's siblings (I don't like my dad's familly well enough to give them much). I would also give my best friend a nice amount to set her up for the rest of her life.

4. For my parents, I would make sure they had enough money to take care of them for the rest of their lives (especially for long term care). I would also finish up ALL of the half-done projects that my dad started, but never finished.

5. I would start some type of media/consulting/music/ business.

6. I would also start some type of scholarship fund at my home church as well as my old high school.

7. Make sure I had enough for retirement.

8. Build a 3000 or 4000 square foot house on the land with my parents and manage my business from there.

9. Hire a full time personal trainer to keep me in shape and make me work out like I should.

10. Go to culinary school and learn more about cooking.

11. Live life to the fullest.

By a condo in every major city I like (and a few hideaways) start renting them out if I'm not using them, and then make a movie, form a production company, hire my creative collaborative friends to be on call for projects.

Hire a chef?

It's tax free here so I'd get all 50 mill.

Hire financial advisor

Invest some

University fund for my son and nieces/nephews

Buy summer home out east

Pay off homes of my siblings and parents (if they still have a mortgage..?)

Buy condo/home in city where I want my son to attend school

Go to college then start own business

Set up a schedule for yearly donations to prefered charities

I'd probably take off somewhere far away for a few weeks first.

I figure that 5 million is enough to live comfortably for a life time... so I would just live and have a good time and not worry about money.

I would not tell anyone. I would not go nuts spending it... nothing fancy (maybe a parrot)

but mostly (other than working) i would just chill out with no worries.

1. Pay off all debt.
2. Sell current home and buy one that isn’t so high maintenance. I wouldn’t have to worry about losing money on current house due to housing market. Therefore, the sale would be a lot easier and more convenient. Or heck, just give it to someone.
3. Give some assistance to 3 lovely families that come to mind.
4. Give to favorite charities.
5. Expand my business and be able to hand off the administration & photography to someone else. I have a lot of fun ideas that I’d like to execute if I had the money to do it. Also, I’m a one woman show and the business can be very time consuming.
6. Get regular massages for well-being & stress relief.
7. Purchase a condo in Jerusalem, Israel.
8. Hire housekeeping.
9. Travel more.

10. Invest.

11. Most importantly, it would allow me some blessed free time to do what I would really love to be doing above all right now: studying the Bible more & learning Hebrew (ancient & modern).

12. Catch up on some much need R & R for awhile.

I’m sure there are a lot more things I’d do with the money, however, those few things immediately came to mind.

I like the idea some have mentioned about having homes in other countries (still working out exactly where). That would be really great -- and could rent them out when I wasn't there. I stayed in rented apartments my two weeks in London and Paris and it was a great way to visit.

Wouldn't want a home in a genuinely vacation-y type getaway. I'd just love to be able to stay at the most luxurious accommodations and be pampered the entire time!

I'd love a place in NYC, Chicago and Portland (I still love living here). And a place on the Oregon Coast. Housekeepers everywhere. Hotels or spas in any other American city.

And DEFINITELY weekly massages. I was prescribed 90 minute massages every week for two months after a car accident -- it was magnificent!!!!

invest, invest, invest

find an outstanding lawfirm & an even more outstanding accounting firm, pay them well enough they won't feel the need to steal from me

invest and set aside funds for my son & daughter

we recently bought a new home but still have our other house...I'd completely renovate the old place and find a deserving family to give it to

travel

not work

throw a party or two...or three

orger said:

invest, invest, invest

find an outstanding lawfirm & an even more outstanding accounting firm, pay them well enough they won't feel the need to steal from me

invest and set aside funds for my son & daughter

we recently bought a new home but still have our other house...I'd completely renovate the old place and find a deserving family to give it to

travel

not work

throw a party or two...or three

LOL, that firm doesn't exist.

kewlschool said:

ZombieKitten said:

I'd get my own house that nobody else can mess up Then I'd live in other countries part of each year. I'm happy to live simply for the rest of my days though.

I'm not even joking!!!

I make no mess by myself it will be a wonderful haven for me

Maybe I could get a couple of shipping containers to live in

tinaz said:

JustErin said:It's tax free here so I'd get all 50 mill.Hire financial advisor Invest some University fund for my son and nieces/nephews Buy summer home out east Pay off homes of my siblings and parents (if they still have a mortgage..?) Buy condo/home in city where I want my son to attend school Go to college then start own business Set up a schedule for yearly donations to prefered charities I'd probably take off somewhere far away for a few weeks first. ........................................................................................................................................ ..............................................................................................Sorry, I dont know much about canada but how is it tax free? is it because its a gift? What if you got a bonus from work, is that taxed?

lottery etc winnings are tax free in australia too

* Write a will

* One-time aggregate payout to favoured not-for-profits of 10% of my wealth; monitor their use of the funds

* Pay off my household debt

* Sell my current home in Ohio, but buy a comfy life-assisted condo there, where my mother could reside through the rest of her life

* Buy a home here in Toronto, where my family would reside at least through my daughter's high school graduation

* Set up trust funds for my daughter and niece

* Pay off my sister's mortgage

* Buy a home for my brother

* Consult a wealth manager to assist in strategic investments

* Based on performance of aforementioned not-for-profits, set up a planned giving schedule to them

* Travel

* Establish a foundation to fund temporary and permanent public art installations