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What is the first thing you'd do if you won the lottery


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I would immediately move out and move into a nice apartment in a city I like, having my boyfriend live with me and possibly for an apartment next door for a really good friend of mine. Those things on its own would make my life so much better. I am a pretty simple guy, so there is nothing wild I would do with the money, I would just do that, buy things I like which would be nothing in comparison to that amount and then save it. :) I would take my boyfriend to a really nice restaurant that same night though for sure. ^____^

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I would buy a island and start my own country

 Make it a big island, and call it some sort of horse pun. Then let us Bronies and Pegasisters live there too. That would be epic on the level of Starswirls' magnificent beard.

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Hahaha... Well you know, Illinois is currently the worst state as far as funding and budgets go.  

http://www.cnbc.com/2015/08/31/illinois-lottery-winners-receive-iou-amid-lack-of-budget.html

I'd get and IOU from my state.  

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But lets say that wasn't the case for the sake of answering the OP.

I'd probably donate a good amount to some charities first.  Then, I'd divvy up the money between myself and my parents.  I'd put alot of mine into some sort of savings.  With what I don't put in savings, I'd buy myself a new vehicle - I'd still keep my truck, of course, because I love my truck.  But I'd like a new car.  Maybe a Subaru or a Volvo (because they have some of the highest safety ratings).  Then, because I'm such a gearhead, I'd probably look for an awesome classic car to drive on the weekends.  I really like classic muscle cars, but I think I'd want something that looks more like a "sleeper" and then drop in a different motor.  Maybe like a Ford Capri that looks bone stock, with just a base looking paint job and wheels.  Then, drop in a 302 H.O. or something of the like.  That'd be awesome.

Okay, you get it, I like cars.  What else?

I'd help friends out, too.  But I'd still want to finish college anyway so moving right away isn't really what I'd want to do.  

~ Miles

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I would celebrate, put the money in the bank, actually invest and or pay off things like house payments and car payments and whatever I need in life, life savings account, and then I would buy whatever I want.

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Put half of it in the bank and live off the interest.

 

If the bank has 20% interest, I'll be making 5 million a year just for letting half of my money sit in the bank and do nothing.

 

I'd use the rest on a fancy house and a Lamborghini Aventador, BMW i8, a Chevy pickup, and a Bugatti( just for bragging rights ).

If I have any money left over, I guess I'd use it on beer... 'cause why not.

 

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Or maybe I'd just buy the Mona Lisa so I can paint a mustache on her.

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I'd put it away somewhere it'll gain interest over time, and then eventually pull it out when I have over a Billion dollars, and then retire at a young age and live in a mansion and stuff.

Oh, and I'd donate like 500 million to charities and college and stuff.

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First of all, I'm the worst when it comes to economical choices. I'd probably get some counseling and invest the bigger part of my money so i could both gain more and not spend it all at once while i double down on the excitement.

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I don't know, but certainly I would consider a good way to invest that money, especially to try to avoid having to spend a lifetime to work all day and every day. In a nutshell: find a way to live but working as little as possible.

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I would forfeit it because winning the lottery is very dangerous. If your name got out (and it probably will due to publicity reasons), then you could quickly become subject to a series of burglaries, kidnappings, and murder threats.

 

No amount of money can make up for that.

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For the sake of simplicity. I'm going to assume that the $50 Million is after taxes.

 

$30 Million worth of stocks, bonds, and mutual funds. That also includes hiring someone to manage it for me. If I play it right, I could live off of the dividends.

 

$5 Million to charity ($2 million to the Salvation Army, $2 million to the Red Cross, and $1 million split between various other charities).

 

$5 Million to church groups and christian missionaries ($1 Million to Bible Study Fellowship, $1 Million to IDT, $1 million to local churches, and $2 Million to whatever God put on my heart).

 

$2 Million to my parents, and a portion of my investment dividends once those start to roll in.

 

$1 Million to each of my siblings ($3 million total).

 

$2 Million to build my dream house from the ground up.

 

$1 Million for a shopping spree

 

$1 Million to various Kickstarter, GoFundMe, and Patreon projects.

 

$1 Million to spend on whatever else I want.

Edited by Storm Lantern
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Well, 10% to faith-based charities first off.  Secondly, I'd hire a tax consultant right away...

 

After that...shoot; I'd want to invest it in ways that overall make sure more money comes in than goes out.  Probably in stocks that pay dividends.  I know I'd want to buy my own house with a swimming pool and a great view of the western sky...

 

One thing I'd like to do is find a city that owns its own power-grid, and offer to pay out of my own pocket if they agree to upgrade their power grid so it's more resistant to geomagnetically-induced currents that result from solar storms, and I'd make a big deal out of it and try to get big news corporations' attention about it, because that's a super-disaster waiting to happen!  (And actually not that expensive to protect against, either...)

 

http://spectrum.ieee.org/energy/the-smarter-grid/a-perfect-storm-of-planetary-proportions

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