The Powerball lottery is up to $1 billion tonight. If you won it, what would you do?
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Realistically, and assuming I claimed it and handled the financial and legal aspects of having that much money, I’d do this;
Pay off my debts, as well as those of my parents and sister, then help friends pay off everything. Then buy a nice house and nice stuff, leave my job, then travel.
Then I’d see what sorts of things I can use my money to improve, or who I can help.
While money is nice for security, I don’t need or want anywhere remotely close to 1$billion at one time. That amount of money is dangerous.
Give my uncles, aunts and cousins a cool mil each, give my mom and my sister 10 mil each, buy some real estate on the coasts, and most likely fund some Democrats in Florida and Texas, do some traveling
Not tell anyone and just quietly retire. Spend as much time as possible with my kids as they grow.
Buy a bottle of McCallans 12yr and a 8ball and see where I wake up next week.
Among other things, I’d keep going to work. I enjoy my job. What I’ll really enjoy is every time someone tries to pawn off something on me that’s not actually my job I’ll tell them, “not my job”
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Keep a million for fun, everything else, buy a very conservative and diversified portfolio, borrow against it and purchase real estate worldwide in places with water access and least affected by climate change. With profits start funding antifa, anarcho-syndicalist, ecosocialist, and similar movements.
More power to you comrade.
If you are buying real estate, you won’t be funding “antifa” or any of the other things you are fantasizing. Profit-bearing RealEstate is directly counter to all of those movments, and once they start threatening you, you’ll immediately pivot to funding the status-quo.
Pay off all debts and mortgages for myself and my immediate family, then put away whatever’s away into separate HYSAs for a few months to let the initial rush go away.
If I won the lottery, I would start by ending the homeless problem in my state. All it would take would be one stroke of the pen and many people’s lives would be improved.
and then you start getting sued cause someone hurt themselves in one of the homes you put them in, or it burned down, or any of a thousand other reasons, because greedy shitheads exist and are plentiful and will gladly turn your sweet treat into acid in your mouth in a heart beat if they think they can squeeze more blood out of you.
I would definitely have to lawyer up and get as much of my ass covered as possible. Huzzah!
Noble, but I’ve got some very bad news about how much it would take to end homelessness in even the smallest state in the country, as even if the 500 mil you’d be left with after taxes could do it, which it couldn’t, more homeless people would move to that state immediately
Utah managed to do it and they’re doing just fine.
ok. you can afford to fund Utah’s homeless problem for 1.5 years, with 500 million, which is what you’d be left with after winning the 1 Billion dollar lottery
You can always start a foundation to keep the money flowing in. People would donate
Foundations do not exist to solve problems. They exist so their founders can profit either socially and financially off of them.
Keep it a secret.
Set up a philanthropic trust, invest it in a relatively safe mix of stocks and bonds, and set up distributions as a % of growth to a bunch of institutions I think are super important.
After buying a nicer house and paying off family debts and stuff of course.
