If you won $400 mil from the lottery..

[Why-Fi]

pay off my debts then have a house built in the boonies

id probably end up investing in great ideas...you know, giving young visionaries a shot...

 

[unit321]

After all the taxes are cut out, you have a flat $400 mil.
Would you want it annually?
What bout y'all?

If the lottery ticket is $10 million for example, when the person chooses to get the one-time pay-off, they will get a fraction of the total winnings before tax as an option. Most people take the one-time payoff. Then, from that decreased amount, they still need to pay federal, state and/or local taxes. If they choose to get paid off over a 20 year time period, then they will get the entire $10 mil over 20 years. Each year they get paid off $500,000 a year, they will pay federal, state and local tax. Most people don't take this option.

Anyway, if the winning total was huge either way, I would buy up real estate, build apartments and rent those out for income. Then, I would create a home studio and compose music. I would put aside millions for my children. I would buy a lot of super cheap farm land in the middle of nowhere and build a race track and re-landscape the land to emulate the Nürburgring track. I would rent that out to race teams, car manufacturing companies and car clubs, but also, it would be my personal race track for fun. Why bother with Gran Turismo when you can have the real thing?
Even though I have millions, I would still have my money working for me to make money. As my money is helping me make money, I would use profits to do philanthropy. I might build low-income apartments in Haiti, but not to look like high-rise projects like in Chicago or NYC. It would use self-sustaining energy source, as in solar panels, so they would have access to electricity all the time.


I would take $3,000 and send my idiot sister-in-law on a one-way ticket to Australia as a trick. You see, she would see it as a vacation with free flight and hotel. But after a week, the hotel would kick her out and there would be no return plane ticket. She would have to work to get money to fly back. Work as in getting a real job. That prank would end up on TMZ or something and I would be confronted about it, and I would be like...

 

[and 47 others]

what?

You're really going to just give 200 million dollars to your mom? What's the point in that? That's just wasting money.

No disrespect to your mother.

lol

 

[FLYINHAWAIIAN]

 

[MoneyTron]

 

[Mr. Negative]

I'd tell my mom I won 30,000 and then (yes you saw it right thirty thousand) and then give her 16 thousand so she can swear she got over on me and blow it all in a year and I can be out of her life forever

I'd take that 500k a year option.

I'd go chill out on a beach, get high and stare at the ocean while eating seafood, fruits and green leafy shyt for the rest of my life.

Every 4 months I'd go on vacay and chill out in some urban area. I'd drive some semi expensive car (Like a buick lol) and tell chicks that I flip burgers at Wendy's for a living.

I'd help the few friends that I got, and any brehs and gold digging broads I'm cool with can come stay on the beach for a day or so... but you ain't staying.

 

[the cool]

I would get it all in cash then burn all the money and put it up on YouTube so I can get 400 million views

 

[Danie84]

I'll became a number one stunna like Birdman

 

[Mr Uncle Leroy]

400m...save it and spend it...

 

[skeetsinternal]

$5 m goes into a trust fund for my future kids
$10,000 goes towards extended family, cousins uncles, aunts etc, inlaws
$200 m goes into a savings
$10 m goes towards MODERATE home fully paid in Florida , Colorado, Jamaica, and Greneda, a new car for driving in the US, used cars in the carribean and pay all my debts
$10 m goes to parents
$200 goes towards one thing any of my friends want.

The rest im spending anyway i see fit

 

[DamonDashsRocAFellaChain]

I'd set up my mom lovely whatever she wants. Put aside money for the kids in my family for college. Give each of my uncles and aunts 6 mill each for all their help. Id also try to set up a foundation for children in inner cities who don't have shyt. For myself I'd probably take myself out to a nice steak dinner.

 

[AZBeauty]

I'd take the lump sum. I'd invest more than half of it.

Then I'd set up college funds for all the kids in my family.
Next, I'd buy homes for my dad, mom, brother and put my grandmother in some swank retirement home where she lives the rest of her years out in luxury. (Those homes would all be in my name though)

I'd give everyone else in my family that I like some money and advise them that there is no more coming to spend it wisely and I would mean it.

Then I'd get a nanny who can travel with me and I'd be OUT. Probably wouldn't see more for about two years.

 

[Tallac]

I won't do much, just buy a decent house, not a mansion, sth for my parents, a couple cars, put the rest in the bank and live off interest. Just a low-key life

 

[JayYoung713]

I'd buy atleast a minority stake into the company I work for now. I work for a huge oil and gas company by the way. I'd also try to buy ownership into Nike
First off, 150mm goes to my children. I have 3 kids so I'd split it 3 ways. At 18 they would receive a set amount and some of that money will pay for their college educations the rest will pay for living expenses and etc. while they are in college. They would receive the rest after they've graduated from college to give them a big head start.
I'd set my mama, mother n law, and my brother up to where they would all be straight
I'd buy up some land around the bigger metro areas in Texas and sit on it until either developers come with a check or oil companies come with a check.
buy a fly condo in NYC and a big house here in Houston.
Put 20 milli into some offshore accounts
Mutual Funds
A few hundred grand for some ignant purchases
Do a lot of traveling, be a great provider for my family and most of all enjoy life.

Hopefully I could live good off of my investments and wouldnt even have to touch what I put away for savings and potentially create generational wealth for my family.

 

[SuikodenII]

1. Pay off any debts

2. Break my family off

3. Break a couple friends off

4. Move out of the country

5. Live in complete peace and harmony as I tour the globe