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Your wearing shorts though right?
1. All outstanding debts get paid. No brainer there.
2. Figure out the bare minimum I might need to donate to get the family name on my office permanently here at UH. Mostly I'd just like to picture the worker monkeys I leave behind having to answer the phones, "Thank you for calling the SFIE Family Student Information and Assistance Center. How may we help you?"
3. House in the hill country. Close enough to visit the family for the holidays, secluded enough to keep them from bothering us every weekend. Even better if it's secluded enough for me to hunt convicted criminals for sport in my sprawling back yard.
4. Kori and LJ get a check covering operating costs and upgrades here for some time to come. I'd better get a Spur for that.
5. Traveling. Maybe a summer cruise to Alaska. Want to go by New Orleans away from the tourist season, DC, then on to Europe. While I'm there see if I can buy Greece. Or maybe just buy Vasillis Spanoulis and make him my butler to piss off Kill Bill Pana.
6. I'm never wearing pants again.
Your wearing shorts though right?
I'd rather buy a few a bad ass ships and go hunt whale killers in Antarctica since we're talking about cold places.
buy a -ton of land on the edge of a major city, live off the rest of the money for 30 years, then develop the land and retire off that.
Watch you're cornhole, buddy.
I would do nothing.
That's good stuff man. Especially about helping the children. Props.
Damn...I love you Mouse, but you gotta admit...that was funny.
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Personally, I imagine doing what most others would. Clear all debts. Help family do the same. Maybe move all of my family to the same neighborhood as well.
Then it would be help the children time. I'd investigate all the established foundations out there and pick and choose who best to invest the rest of the money in so that it helps the kids that are most in need out there.
After the money is gone, I'd then go back to work.
No question there'd be some charity work. I don't know that I can trust some organizations as far as I can throw them, but I do like Habitat. It just reaffirms what I thought about giving away a million dollars to each of my family members. Habitat uses volunteers for labor, including the homeowner, and as I recall they have to make reasonable mortgage payments. Could you imagine how many homes you could sponsor with a million dollars?
Would I rather give well off people a million dollars, or sponsor the construction of 20 homes? No brainer.
First of all I'd divide the money into thirds. One third for me, one third for my husband, and one third for "just in case" and for our kids inheritance. With my third I'd buy my dream house; no mansions for me, I'm not into having a bunch of acres, just some place very modern and roomy to serve as a home base for my brood for the rest of my years. I'd definitely need some lifetime, court-side Spurs season tickets. My family all does quite well and would probably feel awkward receiving money from me, so I'd just give good birthday/X-mas presents like cars and vacations and help out with college educations. My charitable projects would be thru the Center For the Intrepid; specifically donations for those awesome "robo-limbs" for amputees and educational scholarships for disabled vets and their spouses. I pretty much do all the leisure activities that I like already (ie travel, shopping, hobbies, pursuit of solitude), so that wouldn't change much, just on a grander scale. My husband could do whatever he'd like with his money: take care of his family, and buy all those acres and toys that men need to have.
Last edited by mrsmaalox; 07-13-2010 at 07:54 PM.
clear all debts buy a house and a car
if its big enough winning give each of my parents a couple mil and say "look you're millionaire's too so your family knocks on your door."
clear all debts buy a house and a car
if its big enough winning give each of my parents a couple mil and say "look you're millionaire's too so your family knocks on your door."
actually id probably move to costa rica, find a hot babe, and never talked to anyone back in the states ever again.
First things first, I'd get a financial manager to help me save, invest and spend wisely. I'd also probably get a psychologist/therapist, whatever to help me deal with the mental aspects of becoming instantly rich. I wouldn't want to become one of those lottery winner horror stories.
Once my finances and mind were set up, I'd see to it that my parents would be set up for life. I'd also help out a few close friends and family as long as they didn't come to me with their hands out first. I wouldn't just hand out cash willy-nilly. I'd pay for people to get educated and help a few get business started, that kind of thing. Certain people would be financially worry free but, others would never see or hear from me again.
I'd definitely upgrade my lifestyle but I wouldn't go overboard. A nice house, 2 or 3 cars, some cool toys, new clothes, like that. I can't see myself being that dude that owns a bunch of Lamborghinis, Ferraris and mansions & . I'd donate some money to a few charities, do some traveling, go to school, do things that interest me, blah blah blah.
Oh, I'd definitely quit my job and offer the people on my work crew a fat chunk of change to do the same.
I'm not sure what everyone means when they say "financial manager." I hope no one is thinking about just hiring some from a bank. If you've got a friend with a business or management or accounting degree, just use them because you know 1) they are your friend and won't you over, probably 2) they won't tell you to invest in companies and up-starts, they'll tell you how to hide your money and build interest and . Don't put the money in the market, 60m+ is more than enough to not worry about "investing" in the ty market IMHO...let the money make money for you.
Since I'm near the last payments on the debt I have for college loans and stuff, I would first buy me a nice place in the Malibu area and a vacation home in a different state (probably Washington), either a condo in Las Vegas/NY/or somewhere outside the U.S. I would go back and earn a PhD and actually become a Professor at USC/UCLA or any university/college in the SoCal area. I would then invest in companies that are pertinent to me such as; Apple, In N' Out, the Lakers etc...also, move money into a retirement account I've set up. I would then give a cut to the relatives who've remained civil and been real.
Following that, I would put some money away for 2014 and just enjoy life a little easier than I have so far...
Exactly, I'm not talking about some head at a bank or some investment nozzle who says "invest in this" just to get a commission.
nice thread...
#1---I would never,ever,ever--let anyone know---especially family and friends...
(you have NO idea who would come out of the woodwork to beg,borrow,steal,SUE,etc...
trust me on this)
#2) I would bank it temporarily...while I went on a 6 month combination - vacation/retreat to figure out exactly my plan...while on this vacation/retreat I would hire
a trainer to help me get in the best shape of my life and a chef to eat the best,healthiest
foods available...
#3) upon returning from this sabbatical --I would have a clearer plan and I would hopefully be more prepared to do some good with my good fortune...
#4) as far as family...I would probably help in some small way---but they would be told
that I had been receiving small bonuses at work, invested in some minor stocks,etc...that way I could give them x-mas presents and small things periodically,etc...
----unless my 6 month sabbatical had given me a BETTER idea---like , maybe setting up lifelong annuities--or a plan where this particular family member could ONLY withdraw a reasonable amount ---say per year ---or only receiving a portion of a stock-interest dividend or something similar---where all the family member would know---is that if a certain stock like APPLE or FRITO-LAY or something had had a good year---then they would get an end-of -the-year bonus of 19,500 dollars,etc...
#5) any housing or luxuries I would buy--would be out of town and known ONLY to the wife and I---we could , say, buy a luxury cabin in Lake Tahoe and we would keep that info private---until our death---where it could go to my son, for example...
#6) hire a financial advisor for tax and investment purposes,etc...a person who could only be paid a fee ---say twice a year and any moves he would make would require my sig as well...and if he made me or my interests anything extra in dividends,profits,etc---would net him a bonus based on a percentage we agreed upon in the beginning...
#7) any kind of charity would be private and they would be set up as lifelong annuities also--where each year a profit would be made---and this profit would be the charitable donation---for that year...in other words it would keep paying for itself over and over again...
#8) I would probably have a lot of better ideas after my sabbatical...
1. Pay off the current student loans, car loan, and credit cards.
2. Go to Grad School without feeling guilty.
3. Buy a new car and a little house.
4. Go shopping.
5. Share the rest with family, friends and the causes that have been so kind to me.
You must have some greedy ass family members.
not at all and i can UNDERSTAND why you would assume that...
but...
as Deniro said in some movie I saw awhile back...
``I know a coupla' things about a coupla' things"...
look, think about this...
most people have struggled their whole lives and have never had the chance---to NOT worry about money...and have also NEVER been in a position where they could just spend as much as they want on anything their hearts desired...
so---if you really examine this;
what will happen to someone with no experience, no training, no IDEA how to handle such amounts---what will they do if they are just handed a MILLION DOLLARS???
most would go through it all---and end up broke within a few years---some even a few months...guess what kind of trouble, heartaches, issues---they will have at that time...
guess what kind of ENEMIES they will acquire after all this?
guess what kind of dramas and traumas they and their families and friends will have gone through?
....and GUESS WHERE THEY WILL GO TO TRY AND FIX THESE ISSUES???
YUP...they will come back to you---because after all---if YOU could just GIFT the entire family a million bux----SURELY you have more!
you would only be asking for trouble ---just for being generous...
I did not even mention---all the people trying to SUE you...and all the people who hate you and are envious because of what you have...all of a sudden---you are an ASSHOLE...and you think you are THE ,etc....
believe me...it is not all smooth sailing...
take it FWIW
by the way...my family is pretty stable and cool but I would still NOT let them know---for their own good---and mine...
dun dun dun!
I was just pulling your leg. I haven't associated with my mother's side of the family since I was a teenager due in large part to money issues and deceit.
I have a small immediate family and a tight network of friends so I think I could afford (no pun intended) to tell them. Just a matter being smart about it.
SFIE pretty much nailed it - minus the no pants thing, because dude. For real, you will at least wear pants when you leave the house. Sorry if that makes me a nagging ; you knew what you were getting into.
I actually have plans at various levels of winning. All plans include paying off all debt, money to charities (March of Dimes top of the list), and renovations to our current home.
But for the big pile, where you walk away with a clear $50 million or so?
1) The above.
2) I would immediately find a gestational surrogate. We might still try for a natural pregnancy, but that would be our best shot at biological children, wouldn't require months of bedrest and huge amounts of anxiety for me (some, of course, but not as much as I would feel being pregnant again).
3) Home in the Hill Country. I have the plans on my computer. It's gorgeous. Includes a space for golf cart storage; never I needed that before, but now that I know, obviously I can't live without it.
4) Stop working, start being creative. I would be a SAHM, but I would also think more seriously about writing. Possibly about going back to school to become a counselor and work specifically to help women with baby-loss.
5) Buy lots of pretty, sparkly jewelry. Because I like sparkly things.
6) Go back to being a redhead since I'll have money to splurge on something like that. Probably go back to the fake nails as well. But that's a time-suck, so maybe not (yes, I know how superficial this is).
7) So much traveling. England, France, Italy definitely.
As for the family thing - I don't think our families would take a lot of money from us. But they would probably accept gifts from us, so we'd do that. I have friends that I would like to help out, though I don't know if they'd take money from us either - but I'd bet they'd take an interest free loan. I'd love to help some folks out that way.
I also have secret dreams of starting a foundation in our son's name to help raise awareness about incompetent cervix, premature birth, grief and baby-loss.
So I'm the only hedonist? I was joking to a certain extent but after I knew my kids were taken care of I would spend the out of it. You sure can't take it with you.
...and if all else fails...
hookers & blow
I don't know; coke is never fun, and hookers would get boring after about a week.
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