The MegaMillions jackpot is up to $1.6 billion. If you take the cash option, you'll get a payment of $904 million. After you pay your taxes, you'll end up with $500 million - $570 million, depending on if your state has an income tax. Here in Texas we have no state income tax, so I will be walking away with $570,000,000.

What do you do with $570,000,000?!?

Paying off every debt for every family member; setting up college funds for all kids; buying a couple homes, a few cars and some goodies, and tithing/helping out charities is something I assume each of us would do. Let's say we're ultra-generous and all that adds up to $70,000,000.

We've now got $500,000,000 just sitting there, burning a hole in our pockets. How would you invest/spend it? I'm a little embarrassed to say, but I've got some detailed ideas on mine! Here they are:

1. Boeing Business Jet, 787-class. Holy smokes are these cool! But it'll cost me $100,000,000. I don't care. I'm doing it. You can always sell it
2. Commercial real estate, leveraged at 50%. This means I'd buy $400,000,000 in real estate, pay half in cash and borrow the other half. I'd pay down on the debt as fast as possible and in a few years, I'd re-leverage it and double my portfolio. I probably wouldn't live long enough to see it but in 30 or 40 years from now, my kids would own $1 billion in real estate free and clear.
3. I'd buy a ski resort. I already know which one, too. It would probably cost $50,000,000 and I'd pay cash for it. I might borrow $25 million or so for improvements.
4. Investments would take up the remaining $150,000,000. Stocks, bonds, commodities and alternative investments.

If investments 2 - 4 earn the conservative returns I've assumed, the after-tax monthly income would be about $2,000,000. Flying around a 787 isn't cheap but I figure I can spend $315,000 a month flying it and still have enough to make do.

My fall-back plan is to win the Powerball jackpot, which is a measly $620 million/$354 million cash option/$224 million after taxes. Nothing about my plan would change, except I'd have to probably settle for a $25,000,000 Boeing 737 Business Jet instead of the 787. Sigh.

Let's have some fun! Tell me what kinds of cool things you'd do with that money! And good luck!


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[Edited 10/22/18 14:41pm]

RodeoSchro said:

The MegaMillions jackpot is up to $1.6 billion. If you take the cash option, you'll get a payment of $904 million. After you pay your taxes, you'll end up with $500 million - $570 million, depending on if your state has an income tax. Here in Texas we have no state income tax, so I will be walking away with $570,000,000.

What do you do with $570,000,000?!?

Paying off every debt for every family member; setting up college funds for all kids; buying a couple homes, a few cars and some goodies, and tithing/helping out charities is something I assume each of us would do. Let's say we're ultra-generous and all that adds up to $70,000,000.

We've now got $500,000,000 just sitting there, burning a hole in our pockets. How would you invest/spend it? I'm a little embarrassed to say, but I've got some detailed ideas on mine! Here they are:

1. Boeing Business Jet, 787-class. Holy smokes are these cool! But it'll cost me $100,000,000. I don't care. I'm doing it. You can always sell it
2. Commercial real estate, leveraged at 50%. This means I'd buy $400,000,000 in real estate, pay half in cash and borrow the other half. I'd pay down on the debt as fast as possible and in a few years, I'd re-leverage it and double my portfolio. I probably wouldn't live long enough to see it but in 30 or 40 years from now, my kids would own $1 billion in real estate free and clear.
3. I'd buy a ski resort. I already know which one, too. It would probably cost $50,000,000 and I'd pay cash for it. I might borrow $25 million or so for improvements.
4. Investments would take up the remaining $150,000,000. Stocks, bonds, commodities and alternative investments.

If investments 2 - 4 earn the conservative returns I've assumed, the after-tax monthly income would be about $2,000,000. Flying around a 787 isn't cheap but I figure I can spend $315,000 a month flying it and still have enough to make do.

My fall-back plan is to win the Powerball jackpot, which is a measly $620 million/$354 million cash option/$224 million after taxes. Nothing about my plan would change, except I'd have to probably settle for a $25,000,000 Boeing 737 Business Jet instead of the 787. Sigh.

Let's have some fun! Tell me what kinds of cool things you'd do with that money! And good luck!
I live in the floodplains, there are lot of people that lost everthing they had...I would help them..I would pay people's bills for them so they can start off debt-free. first of all I would fall on my kness and ask Divine Providence to lead me and keep me from falling alway from Him...

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[Edited 10/22/18 13:05pm]

^Nice!

One thing I would do is that I would make a deal with some auto repair shops. I'd have these "coupons" printed up. Whenever I saw someone whose car needed repair, and it looked like the owner just can't afford to repair it, I'd leave a "coupon" on their car. It would tell them to take their car to the participating repair shop, the shop will complete the repairs needed (and provide a loaner while the car was being serviced), and it would all be on my tab.

I'd keep this as anonymous as possible.

I would buy a nice patio home for my hubby and me. Our current home is too big and too much work for me to keep up.

I'd give my current home to a family in need.

I'd buy my 3 children their own homes in the same upscale neighborhood.

New cars all around.

Huge family vacation.

And of course donate!

I wouldn't take the cash option.


Move out of my house into someplace else like a hotel/hotels to have time to think.

Hire financial consultants.

Use without discretion about 2 million off the bat, with like travel and and just random stuff.


First I'd do something along the lines of what these people did

Buy the Org and shut it the fuck down. LOL

Kidding. I'd pack up my stuff, find a nice home near warm areas of the world and enjoy my life. I'd travel, have friends out to the house like Diddy (but not overly extravagant, just a reason to gather and have fun for a week). I'd have a custom chef's kitchen (which I already know what I'd want), a killer bathroom (know what I want) and a sex dungeon. (Don't rebuff that, you wish you were that bold to say it.)

My mom is gone, but I'd probably send my cousins and my nephews something significant. I have a friend who is a single mom whose daughter has Down Syndrome. I'd send her a big amount, too. As far as the rest, I'd put most of it places that it would make money and always be there in the future.

I'd also continue to do what I do now - write. I'd just do it in a nicer place with a regular supply of Disaronno sours.

you have to form an estate managment company pronto as the named winner, and then be anonymous. You how much shit comes your way if peeps knew?

TrivialPursuit said:

Buy the Org and shut it the fuck down. LOL

Kidding. I'd pack up my stuff, find a nice home near warm areas of the world and enjoy my life. I'd travel, have friends out to the house like Diddy (but not overly extravagant, just a reason to gather and have fun for a week). I'd have a custom chef's kitchen (which I already know what I'd want), a killer bathroom (know what I want) and a sex dungeon. (Don't rebuff that, you wish you were that bold to say it.)

My mom is gone, but I'd probably send my cousins and my nephews something significant. I have a friend who is a single mom whose daughter has Down Syndrome. I'd send her a big amount, too. As far as the rest, I'd put most of it places that it would make money and always be there in the future.

I'd also continue to do what I do now - write. I'd just do it in a nicer place with a regular supply of Disaronno sours.

Disaronno sours? Do tell! Sounds delish.

PennyPurple said:

Disaronno sours? Do tell! Sounds delish.

It's just a basic sour like a whiskey sour.

I use fresh lime juice (or lemon), simple syrup, and Disaronno over ice. Shake, pour over fresh ice and add a splash of seltzer, top with a cherry. Extra tasty if you add a splash of the cherry juice.

I've also used Disaronno, in a reduction, over baked pears or apples. Anytime I make something with walnuts or pecans, I soak the nuts in some Disaronno for quite a few hours before using them (like banana nut bread, pecan pie, etc). I use the Disaronno in equal amounts to whatever it calls for vanilla extract (I make my own vanilla, too). It always adds a nice deep flavor that no one can ever figure out. It's great in anything chocolate, too.

But the sours are freakin' delicious.

Edit: I'd also have a bar area, like a full-fledged bar, fully stocked, and line the bigger bottles of Disaronno across the top shelves.

[Edited 10/22/18 16:28pm]

I have about 13 people (family and friends and two ex-husbands) that I would make multi-millionaires. Definitely pay off debt, pay off my house and get some needed repairs. Buy a new car! My car is really doing some funky stuff and not sure how much longer it will last, but I still owe on it (have almost 250,000 miles on it - if that tells you how much I drive for my jobs). Put money back for college for my two youngest and convince my oldest to go back to college. Hey if he wants to be a millionaire, he'll do it. We have a client fund where I work, money that we have raised for our clients to use once a year on a bill (such as their heat bill in the winter, or air in the summer), that I would donate money into. The office I work for has raised the most donations for the client fund each year since they first started it, with the max being $15,000, but we've only been getting about $7,000 a year now - and we're still bringing in the most state wide - but because of that we have to limit that client fund with our clients. Buy some new clothes. Travel. Travel the country and the world. There are places I want to see before I leave this earth. Oh and get health insurance! And one other thing I have always dreamed of being able to do, just random acts of kindness for strangers (buying lots of groceries for someone - paying off their lay-aways at Christmas - treating everyone in the restaurant - etc.) Ohhh, and I imagined one time...we have a project near where I live, the apartments are really really crummy (delivered pizza there and had a client living in one of them and they are just awful). But I imagined buying those apartments and start fixing them up, giving every one new furniture, setting up a transportation vans, workshops for employment, and volunteer opportunities, as well as educational services, and medical services, and just turning it into a self-sustaining type of property, while keeping the rent low, and helping them to work towards reaching some of their dreams.

[Edited 10/22/18 17:14pm]

take care of my family then set up a foundation to give it all away. buy land and preserve it, give tide-over grants to people who have emergencies, and donate heavily to homeless and animal rescue shelters

Well, besides helping those around:

- start our own charity/research institution
- make a bucket list and spend a year fulfilling it
- make music for a living (in other words: stop my current 'job' and use that extra time to make music)
- start/take over a football club in Spain or Italy
- spend most of the rest on real estate for my own use (while being investment for the future of course), incl build the house of my dreams with a seaport.
- travel travel travel

That sum might not be enough for me

[Edited 10/23/18 3:39am]

It's my turn to own Orange Prince, the silkscreen portrait by Andy Warhol.

Move to Greenland.

ufoclub said:

you have to form an estate managment company pronto as the named winner, and then be anonymous. You how much shit comes your way if peeps knew?

There's only five or six states that let you stay anonymous and unfortunately for me, Texas isn't one of them.

Just another reason to buy my own 787 and see the world until people quit looking for me, LOL.

RodeoSchro said:

ufoclub said:

you have to form an estate managment company pronto as the named winner, and then be anonymous. You how much shit comes your way if peeps knew?

There's only five or six states that let you stay anonymous and unfortunately for me, Texas isn't one of them.

Just another reason to buy my own 787 and see the world until people quit looking for me, LOL.

You could live in orbit in one of the secret space condos the super elite timeshare... oops did I give something away? There's helicoptors over my hous dbwilc;'bol .,;.l

Bought some tickets today. The place is a madhouse with people standing in line to get them.

I think I would buy Prince's island!

benni said:

I think I would buy Prince's island!

I thought about too.

iZsaZsa said:

It's my turn to own Orange Prince, the silkscreen portrait by Andy Warhol.

Good choice!

I'd buy a car, but since I didn't get a ticket, if Rodeo saw my car, he might lay one of his coupons on me. People run into me in parking lots for some reason. The last guy backed into me a few weeks ago, geesh.

PennyPurple said:

Bought some tickets today. The place is a madhouse with people standing in line to get them.

DJ Khaled at the store with his inches stack. He must have held up the line awhile.

Well here I am getting ready to go to work, which means my tickets were crapola.

PennyPurple said:

Well here I am getting ready to go to work, which means my tickets were crapola.

Yeah, mine, too. But someone in SC did win it. I'm hoping it's someone I know that will take pity on me and give me a cool million. They can afford it now!

Hey - we've still got the Powerball tonight. $223,209,000 after taxes (here in Texas).

My plan remains the same, except I'll probably have to settle for the 737 Boeing Business Jet instead of the 787.

.

[Edited 10/24/18 7:11am]

RodeoSchro said:

Hey - we've still got the Powerball tonight. $223,209,000 after taxes (here in Texas).

My plan remains the same, except I'll probably have to settle for the 737 Boeing Business Jet instead of the 787.

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[Edited 10/24/18 7:11am]

Same.

We have the lotto in the UK. If i win £20.000.000.

1. I would buy Poppy a new car of her choice

2. £ 5.000.000 to cancer research.

3. Share with my family.

4. Buy Bart a drink, he needs to get out more

5. Buy myself a Aston Martin.

6. learn how to do paragraghs on the org

Guitarhero said:

We have the lotto in the UK. If i win £20.000.000.

1. I would buy Poppy a new car of her choice

2. £ 5.000.000 to cancer research.

3. Share with my family.

4. Buy Bart a drink, he needs to get out more

5. Buy myself a Aston Martin.

6. learn how to do paragraghs on the org

LOL #4 needs to happen.

Paragraphs on the org, just hit shift hold down and hit enter at the same time.

buy prince .org and post MY threads