If you won the lottery??

[4theCYcle]

This may have been asked before, but what would you spend your money on if you won the lottery?? Would you do the lump sum or take it in payments over time??

I think I'd take the lump sum to allow for initial investment opportunities. First, I'd pay off any debt. Then I'd buy some land, couple businesses, maybe a toy or two, some to charity and then put rest in an interest-bearing account. I'd probably travel 2-3 months out of that first year.

This assuming it's, oh I don't know, 100 million. Hey, we can all dream haha.

 

[jcyclonee]

Lunch didn't really fill me up today. I'd probably start by getting a small bag of Doritos or a cookie.

 

[ISUKyro]

Two chicks at the same time

 

[CycoCyclone]

I used to say South Endzone....but now I guess it'll have to be pay off the house and car, then invest like a mofo

 

[MartyMcCy]

Two chicks at the same time

Beat me to it.

 

[MayorsAge]

You know what I would do if I won the lottery? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities

 

[coolerifyoudid]

Monkey butlers for everyone

 

[ISUCyclones2015]

I would take the lump sum and pay off my debts. Then depending on what my PTO is, I would either quit my job,, take a leave of absence, or a really long vacation traveling the world. Then put all that in an interest bearing account and my interest is my budget until I die.

 

[cyclonespiker33]

Always take lump sum

Money makes money

 

[Stewo]

Lump sum. Then, purchase several different proven, successful businesses. I greatly dislike the idea of investing my money into the casino known as the stock market.

 

[DeereClone]

I would buy about 3000 acres here in Iowa, build a large feedlot here in Iowa, and buy a ranch in Colorado to raise about 2,000 cow-calf pairs on. Raise the calves in Colorado, ship them back to be feed in the feedlot where we raise the corn.


Vacation house on Clear Lake, vacation house on Lake Havasu. Set up the future generations of my family to be successful, then invest the rest and give the returns from those investments to charities and churches. $100,000 to the church/charity 1 time is cool, but invest that $100,000 and giving the returns to the church/charity every year for the rest of my life is even better.

 

[JHUNSY]

Lump sum for investment opportunities and to start up a portfolio. Pay off any debt, give some to family, give some to Iowa State (obvi), and then the first purchase would have to be a big *** lazy river in the backyard.

 

[jbindm]

Lump sum, I suppose. Set aside X amount in a trust to make sure my kid is taken care of, travel, buy some property and rent it out when I'm not there, and work in a record store or volunteer for whatever; something that holds my interest and keeps me busy. I'm not a big spender by nature so I'd like to think that I could live pretty comfortably off the interest generated by putting the winnings into low risk investments.

 

[Buster28]

I'd take the lump sum. Even the smallest jackpot MegaMillions offers would be enough (I'm not greedy). I'd put in my two week notice at work, then fly to my spot on the Sonoma coast north of San Francisco to buy a house with a white water view. I'd also rent a condo across the street from AT&T Park so I could easily use my Giants season tickets when they were in town. No other big plans to spend, spend, spend. Although I'd probably make it a lot harder to track me down so "family" and "friends" weren't always looking for a handout.

 

[jcyclonee]

Monkey butlers for everyone

I need two monkey butlers. If somebody doesn't want theirs can I have it?

 

[JP4CY]

Buy a farm.
Fill silo full of coins.
Prove that if you dive into it, that it would hurt. (I never understood how Scrooge could do that)

 

[Cyclonepride]

Lump sum, $2 million to get the set up I want, balance in an investment that gives me $100,000 per year for expenses. Live off the interest.

 

[coolerifyoudid]

Lump sum. The amount would really dictate what I'd do though.

pay off house/debt
set aside money for daughter and wife
set aside money for sibs and parents
travel
donate to a childrens' charity
set up a scholarship fund
open a business that holds my interest
set up friends

 

[jcyclonee]

Buy a farm.
Fill silo full of coins.
Prove that if you dive into it, that it would hurt. (I never understood how Scrooge could do that)

Ducks feathers are oily. The lubrication allows for Scrooge to smoothly dive in and out of piles of coins without getting hurt. You try doing that without duck feathers, you're just asking for pain.

 

[kentkel]

I'd become a "friend of the program." Hey, if the SEC can do it, why not us.