List the very first three things you would do after you win a 100M lottery!

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child of wonder

Diamond Member
Aug 31, 2006
8,307
175
106
1. Pay off all debts and mortgage
2. Use $5 million to give to charities, homeless, etc.
3. Pay off debts of "worthy" family and friends
4. Purchase $1 million house (still keep current house)
5. Hold onto $1 million to spend
6. Put aside college money for both kids
7. Invest the remaining $91 million and live off the interest for the rest of my life.
 

tennesota

Lifer
Aug 9, 2000
11,911
0
76
1) Unplug my home phone.
2) Call local phone company to disconnect phone and get new unlisted number.
3) Consult with a financial planner.
 

Gdepp519

Senior member
Jun 18, 2003
498
0
76
1. Pay off all my debts/college loans/family/close friends, buy houses on east coast, west coast and possibly one overseas about $500k each
2. Travel for a year or two, sailing, hiking.. and so on..
3. Start a Post-Production 3D Animation company in NY or Cali
4. Invest & Live off the interest
5. Get a computer setup like the one in movie "swordfish" in one of my houses and in my office..
6. Donate to Charity but with stupulaitions to make sure money is put to use..
 

Tremulant

Diamond Member
Jul 2, 2004
4,890
1
0
1) Pay off my debt and my family's debt
2) Invest
3) Buy a new car ($20k-$40k)

I'd also keep working and going to school.
 

Baked

Lifer
Dec 28, 2004
36,152
17
81
1) Quit my job.
2) Buy penthouse apartment in Pacific Heights (SF).
3) 2007 Porsche 911 Turbo.

 

archiloco

Golden Member
Dec 10, 2004
1,827
0
71
Originally posted by: Kwaipie
Assuming hiring a lawyer and a tax accountant
1. Buy houses for my 5 sisters and 3 brothers, pay off their debts.
2. Move to Europe until Bush & Co have been tried for their war crimes.
3. custom build house with 100% self-sufficient power generation

must be alot of solar panels......
 

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Originally posted by: JEDI
Originally posted by: spidey07
1) Hire very good attorney
2) Hire two CPAs who compete with each other for accuracy
3) Hire another attorney to watch the CPAs
4) Hire Personal Investigator to tail all of the above.

do you tell the cpas that there's someone else competing against them?

Why a lawyer to watch the cpas? and why even watch them in the 1st place if they're competing against one another.

you serious about #4? WHY?

I don't know. You always hear about how lottery winners get taken. The PI is to record any interaction between the cpas and lawyers.
 

DaShen

Lifer
Dec 1, 2000
10,710
1
0
1) Pay off my debts and my families debts
2) Invest part of the money into trust funds, land, and a vacation for my family
3) Go back to school
.
.
.
4) donate the rest
 

crystal

Platinum Member
Nov 5, 1999
2,424
0
0
One question, can you supress the information that you are a big lottery winner or does this information is public?


Assuming the 100 M is after taxes and lumped sum.

1. Invest 90%
2. Write/Update my Wills
3. Quit job

As for 10 M left. It will be spend on gifts, house, debt payment, etc. But these decision will take times and much thought.
 

Beau

Lifer
Jun 25, 2001
17,731
0
76
www.beauscott.com
1) Hire a CPA
2) Take a very nice vacation for a month with my wife and daughter, and maybe occasionally bring some friends/other family with us.
3) Live my life as I normally would have, just with better vacations and more fun

I like my job, and if I didn't have it, I'd be incredibly bored. You might argue that with $100m you could find lots of new things to do to keep you from getting bored, but there's no real meaning in it.

Further down the line would be to buy a nicer house in a better location (nothing too fancy or big, though), a few toys, maybe a new car (<$40k), and, of course, lots of charitable contributions. I've always wanted to do some work with a humanitarian group like Choice.
 

badmouse

Platinum Member
Dec 3, 2003
2,862
2
0
1. Throw huge party, all of you are invited :beer:

2. Move to remote, unpopulate area and blow things up.

3. Buy a bar in a sleazy waterfront resort and install myself & friends as the bar band.
 

mrrman

Diamond Member
Feb 8, 2004
8,498
3
0
head to Monte Carlo to deposit it...tax haven
disconnect my phone
head to a secluded beach and think about things
 

Jadow

Diamond Member
Feb 12, 2003
5,962
2
0
1. Quit
2. Give my immediate family enough to live on
3. Move to Mykinos
 

Smartazz

Diamond Member
Dec 29, 2005
6,128
0
76
Pay off any debts then invest the rest of it. Live off the interest on the 100m, but I'd want to continue working.
 

OVerLoRDI

Diamond Member
Jan 22, 2006
5,494
4
81
Originally posted by: Ktulu
Originally posted by: spidey07
1) Hire very good attorney
2) Hire two CPAs who compete with each other for accuracy
3) Hire another attorney to watch the CPAs
4) Hire Personal Investigator to tail all of the above.
5) Hire therapist to cure paranoia?

No he is quite right, winning the lottery isn't all its jacked up to be. Things are much more complicated than just getting handed a butt load of money.
 

amdhunter

Lifer
May 19, 2003
23,324
219
106
1) Find out where the ATOT server exists.
2) Buy a plane ticket there.
3) Pay as much as it takes to make someone unplug it for a few weeks.
 

dudeman007

Diamond Member
Apr 6, 2004
3,243
0
0
1. Get my parents and friends something they've always wanted
2. Pay off any debts
3. Get a car
4. Get a house

I think I'd really want to stay in school too and not look like some loserish dropout.
 
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