Hey everyone, did you hear that someone may win $1,300,000,000 this week in the lottery? That is what I’d like to discuss today, but first let’s talk about last week’s question where I asked you what you had planned for 2016.
Lots of you had travel plans:
Thias from It Pays Dividends has small travel plans to travel in his home state of Wisconsin:
We may attempt to do some camping at some of the state parks.
Thias, maybe I’ll see you in July when I head to your state?
Reader Mattattack:
Bellevue WA (work), Lake Buena Vista (work), Peru (My wife’s work, hopefully I can tag along), Antigua (Vacation)
I’ll be seeing Even Steven in Omaha for the Berkshire meeting in April:
I have tentative plans to jump in our Sequoia and drive to Omaha.
I love Michelle’s 2016:
2016 will be fun for us. It will be our first full year living in our RV!
Then, there were savings goals:
This year we haven’t solidified our official goals – but I think it will be the same as last year – to live off of one salary and invest the second salary.
Reader Rae:
Financially, I’ll max out my 457 and Roth IRA.
Way to go slow coffee drinker and Rae!
Some of you have real estate goals:
Rae, I love the way you think:
We are ready to live in a house again, and our preferred option is to pick up a moderately distressed house.
Reader Brian:
Sell our old house or rent it out by the summer.
Buy a duplex and become a landlord
Other random goals:
I could take a lesson from Mr. Tako:
My biggest plan for 2016 is to take a nap!
Kyle, I have no idea what you have in mind with your physics lab. If I look East and see a mushroom cloud though, I’m going to be angry (and impressed)…
Finish more rooms in my house and turn my workshop into a physics lab.
And then there were SR-71s and Warthogs:
This has absolutely nothing to do with goals, but Christina from The Concrete Balcony Garden would be my doppleganger if I were a female. If you talk to me a while, I will find a way to work the SR-71 or Warthog into a conversation. Christina is into the same planes:
If you love SR-71’s like AJ and I do you might enjoy this article we found a while back:
http://foxtrotalpha.jalopnik.com/the-sr-71-blackbirds-most-spectacular-flyover-was-also-1719654907
My other plane crush is the Warthog. I’ve gotten to see a few of those when I visited Ramstein Airbase ?
Finally, there was this one:
Erin’s comment resonated with me:
My resolution for the year is to “get my damn mind right”. Basically, I’m working on my mental health, which took a hit in 2015. Among other things it means more self-care, more sweating, more pleasure reading and more writing, and less TV, less negative media, less stress and less bullshit.
My mind hasn’t been in the right place either. I often find myself wasting time checking email for the umpteenth time or farting around on Google News. I work too much and don’t sleep enough. I need to be more disciplined and get rid of the distractions in my life. It’s all about self control. With me at least, I need about a week to reshape my mind. The first day or two of not checking email first thing the morning is difficult, but a week later and my mind doesn’t even go there.
And now, on to this week’s question. What would you do with $1,300,000,000???
The Powerball lottery is over a billion for the first time in history. I have some random thoughts about it:
- I worry for the winner since many people don’t do well when they come into money. I’ve seen it firsthand at least three times. The worst example was when my parents came into $400,000. A couple years later, it was all spent with just about nothing to show for it.
- You may not react how you think you would once you have money. When I was younger and even more foolish than I am now, I used to dream about the stuff I’d buy once I had money. Now that I actually do have money, those things don’t mean so much to me.
- For me, the hunt is more fun. I love the security that money provides. I also love motorcycles and sleek cars, but not enough to cut away some of the security blanket. However, my favorite part of having money is figuring out how to make more of it. I love the hunt.
- What the hell are you going to do with it then? I expect to die with a large sum of money. There are people who say, “You can’t take it with you, have fun!” I will have fun, but it’s also comforting knowing that you’re going to leave some good in your life’s wake. I’d like to create a trust that would pay for higher education for my descendants. I’d also like to contribute to a worthy charity like the Gates Foundation. Of course, I will travel and live a rich life, but I also want to give back.
How about you? What would you do if you won a billion dollars:
Would you tell anyone?- Would you bet it all on black?
- Would you charter a 747 and go for a joyride around the world over the course of a decade?
- Would you bring an SR-71 out of retirement and go for a joyride around the world in 12 hours?
- Who would you help and would you do it anonymously?
- Would you give your money to Elon Musk?
- Would you have Van Halen play your backyard?
- Would you buy a Warthog and park it in your front yard just to show the neighbors that you mean business?
Tell me what you’d do. I’ll tell you what I’d do next week.
Hmm $1.3 billion…Just enough money to potentially ruin every relationship I’ve ever had.
In seriousness though, I would call a lawyer right away. I would want to stay as unknown as possible even though I’m sure that would be nearly impossible. Too many stories out there of having everyone you’ve ever met coming out of the woodwork looking for a handout, I would want to do whatever possible to avoid that.
Well if you find your way to Northeast Wisconsin this summer, hit me up!
Thias @It Pays Dividends recently posted…Dividend Payout #24 – How Not to Pursue Financial Independence
“I would want to stay as unknown as possible even though I’m sure that would be nearly impossible.”
In some states, you don’t have to disclose it. First move would be to buy a condo in one of those states and establish residency.
ha! Well, I’d never win since I don’t ever play! But hypothetically…
– pay the taxman. Seriously, the tax bill there will be ginormous.
– put the rest in a charitable trust, probably with an environmental bent. Maybe work on restoring the Everglades (how much would it cost to find and remove EVERY SINGLE PYTHON that is now there?!?) or preserving rainforest somewhere. Spend the rest of my life managing the charitable trust (paying myself a reasonable salary for said management) and having fun.
Mrs PoP recently posted…PoP 2015 Spending Summary – Now With Kitchen Pics!
Would you personally help eradicate the pythons? 🙂
I think whether you tell people or not is a moot point — you’ll be all over the news, and all the drama that comes with it.
We know a couple of families who won the lottery. One lost everything to bad investments and overspending. The other put a hold on their money for a year and hired a good psychologist to help them deal with their windfall. They settled into a quiet, fully paid off “millionaire next door” lifestyle with a few extra perks like travel and a legacy for their grandchildren.
I wouldn’t want that kind of money. My brother and I joke about how we’d like to win $500K in a lottery — enough for some financial security, but not enough that everyone will want a piece of you or to sue you. (As happened to our family friends — a lot of ugliness and envy, and broken relationships.) No thank you.
Side note: Mr. 1500, I’m with you about leaving a legacy. People keep telling me the same thing — that “you can’t take it with you” and “you should live your life now” — especially since I haven’t been blessed with children. (So, obviously society thinks I should be living in a Sex and the City episode – no thanks!) My retirement goal is to build a portfolio where I can live on the income. And yes, that means someone will hopefully inherit the principle. I’m cool with that.
I really like the idea of paying back some, especially if you had a great life. I don’t have time to volunteer my time now, so I’ll give my money away later.
I’d hire Charlie Munger. 🙂 With that kinds of winnings I think you’d have to go into hiding for a bit, because so many nut cases would be looking for handouts. I’d make my own Star Wars movie, that latest only cost $200 million.
I would certainly want to help others. I think setting up a charity or foundation to spread financial literacy would be a good way to go.
Oh and I’d stop but the 1500’s place and help you finish the home renovations.
Brian @DebtDiscipline recently posted…Doctor Evil Money
Dude, with that kind of money, I’d bet you could at least score a cameo as a stormtrooper. I’d do it!
And you’re welcome to stop by and help anytime!
I would pay someone else to fix the bathrooms in our house, and not even worry about the negative ROI.
Also, I would hire a personal trainer to come to my house every day, and a physical therapist to yell at my husband about what he’s supposed to do to keep his back in shape.
Finally, I would pay for my family to go on vacations together really frequently. So, I’m pretty sure that I just spent $1.5M, now for the other $1.29B, I’m not sure.
” a physical therapist to yell at my husband about what he’s supposed to do to keep his back in shape.”
The best thing I’ve ever read! That is awesome.
Okay, I’ll bite. What would I do with $1.3B in a public-lottery win?
First, I’d triple-check the numbers. 🙂 Then I’d choose “annual” instead of “lump sum”, and call three key people in my financial life. My CPA, verifying proper record-keeping and money-handling; my banker, ensuring I could get accounts to withstand the cashflow; my broker, getting him started on research for completing my current FI plan.
Why complete the current FI plan? I want the safety-net of unquestionably knowing my household can continue on its pre-windfall path. It’d only take four days of the after-tax windfall for this “insurance”.
I’d spend the four weeks after windfall winding up my current career and resetting household priorities. The first monthly tranche — $2.75M to me, $2.75M to estimated tax payments — will complete the old FI plan ($300k), set a temporary emergency fund ($250k), fund extra physical security measures ($150k), replace current estate plans ($50k), and fund current household expense level from muni-bond coupons ($2.0M).
The second month (and its income) would go to getting advisors, getting advice, and setting up infrastructure for ongoing operations. Third month’s income would serve as a tax-account buffer, while we adjust to our new reality.
Not sure what I’d do with the other 19 years and 9 months of incoming funds yet. 🙂 Strike that, I know exactly what I’d do: Invest it all, half for current income, half for growth. The current income will fund all expenses for the household and related entities. My wife, or events, might force us to move. We’d pay for our daughters’ college expenses out-of-pocket. I suspect I’d find some deserving businesses in my area to invest in and purchase. Perhaps I’d buy myself citizenship, land, and businesses in the West Indies to help bolster economies beyond my current locale.
Not going to happen, though, from lottery ticket windfall.
Can I come to your island retreat?
I second that I would pay to finish remodeling the 1500 house. Then we’d have a big week-long festival of beer tasting, family hikes, early retirement talk, and good times.
The publicity really would be the biggest hassle. You’d have the media watching your every move, and people would come out of the word works asking for something. So I’d put in some major privacy measures, change my phone number, and sneak away on some long trips until the hub-bub died down.
I like Mrs. Pop’s idea of a charitable trust. When a gift like that falls in my lap, I’d be compelled to pay it forward in a big way. I could pay myself some money out of the trust which would tidy up a few financial independence loose ends in my own life, but other than that I’d leave it in the trust.
I think I’d focus most of the money on social businesses. I like the idea of being a social venture capitalist, where you loan money or invest in startups who make max profits in order to accomplish a bigger mission, like reducing poverty, providing affordable housing, boosting public health, educating more people, protecting the environment, etc. It’d be like the Shark Tank with a heart. My hero in this space is Muhammad Yunnus, who won a a nobel prize for micolending in Bangledesh.
I’d also set up some scholarship funds to help students attend or do better in high school and college. The cushion I had from my parents as a student in my developing years was instrumental in finding my way, so I’d like to provide that to others.
Chad Carson recently posted…The 7 Principles of Success at CoachCarson.com
Yeah, I like your idea of a charitable trust. If I won I’d give most of it to your hypothetical charitable trust. 😉
“I think I’d focus most of the money on social businesses. I like the idea of being a social venture capitalist, where you loan money or invest in startups who make max profits in order to accomplish a bigger mission, like reducing poverty, providing affordable housing, boosting public health, educating more people, protecting the environment, etc. It’d be like the Shark Tank with a heart.”
This is great! I want to be on the judging panel!
I like to buy lotto tickets when it gets big, like over $200 mil big. In the morning on my way to work, I pass by three different billboards advertising the lotto. It was crazy to see it at 999 (it only shows 3 digits). I always do the payment option, that way in case I go crazy and blow through all the money, at least I will get more the following year. Doing the math, the payment option for $1.3 billion is $43.3 million a year for 30 years.
I honestly don’t know what I would do after paying off my debts (house, student loans, car). I’d travel a lot. I’d buy a motorcycle. I’d probably buy a house in Florence. That would probably be about 1/2 mil maybe, if I really splurge. I wouldn’t know what to do with the remaining $42 mil from the first year, let alone the remaining of the $1.3 billion. I’d start a charity.
I think I would do the typical stuff – give some to family, maybe pay for some cool vacations for close friends and go into hiding. I’d set up some charitable trusts, maybe a few scholarships and such.
But, what I think would be super fun is I would just spend the rest of my life carrying around some $100 bills and leaving them in random places for strangers to find — just to bring some cheer to someone’s day.
Mrs SSC recently posted…2015 Wrap-up and 2016 Goals
The $100 bill idea is great! You could have a lot of fun with that..
Great question! Do they keep your identity hidden? If so, I’d absolutely keep it to myself. But I’d find ways to take care of my family. Maybe inject my parents’ retirement account with another $500K-$1 million. And buy them a modest property closer to the ocean in my hometown (Newburyport, MA). Then, I’d help my sister fund her creative businesses (dancehall DJ, vegan bakery, etc.) And I’d probably dedicate the rest of my life to making and supporting art and music. Maybe a large, anonymous donation to a worthy arts organization?
Kate @ Cashville Skyline recently posted…December 2015 Monthly Budget Review
I think I’d start by waiting to submit the winning ticket and doing so through an intermediary, shielding my identity as much as possible.
I’d take the lump sum payment, I think – sure, technically I’d have more money the other way (potentially), but I don’t really want or need the headaches associated with the annual distribution. Ironically, if it were a smaller amount, I might bother.
I don’t feel the sense of obligation that some do that would lead to trying to maximize the social utility of my good fortune: I’m content with helping the people close around me. YMMV, but I used to work in philanthropy, and my graduate degree focused on it, and the more you know, the grayer the field looks. Well, there’s a reason I’m an engineer now, I guess.
So, now the fun part: the shopping spree!
… Actually, I can’t really think of anything I want. I mean, sure, the security of having income-producing money so that I don’t have to ever worry about losing my job. But, the only way I see myself losing my job is if I get too sick to do it, and money might not fix that anyway.
The only things I can think of that would take more money than I have now would be things like paying off my brothers’ and sister’s mortgages and helping out some folks in my family and circle who have disabilities.
I may lack imagination. Possibly due to the lack of tea in my system.
You could buy all the tea in China with 1.3 billion.
My husband and I were just talking about this even though neither of us will ever buy a lottery ticket. We both thought we could buy everything we need and want for under 3 million. He thought it might be fun to use the rest to buy the company where he works. I decided I’d start a foundation focused on brain research.
Brain research! Awesome.
I honestly don’t know if I would want to win this kind of money in the first place. You would have almost no chance of staying anonymous. Even if you weren’t revealed immediately in the press, could you lie to your friends and family? Once they figure it out, it would change the dynamic of every single relationship in your life. We have so many good things in our lives right now; why mess that up?
With that in mind, I would give some modest gifts to friends and family, keep a few million for myself, and then join my good friends the Gates, Buffets, and Zuckerbergs in giving away 95-99% of it.
Matt @ The Resume Gap recently posted…7 Things We Learned During Our International “Warm-Up” Trip
1. Get a safety-deposit box. Sign the ticket. Place it in the box, after taking a picture/copy of the signed ticket.
2. “Conveniently” lose my cell-phone. Get a new cell phone with a new number, providing that number only to my immediate family/closest friends. Also set up a new email address for that same circle (explaining that my current email gets too much spam, so I’m getting a new address). I’d also cancel/eliminate my Facebook page and my Twitter/Linked-In accounts and any other social media out there. And I’d have all my mail forwarded to a new address/P.O. Box.
3. Meet with an attorney, a CPA, and a flat fee financial advisor. I’m an attorney, so I’d require all of them to sign non-disclosures with heavy penalties prior to our meeting. Once they’ve done so, we go over strategy.
4. Move my family (and maybe my/my wife’s immediate families) someplace safe. Think a couple villas on a tropical island or something. Basically someplace out of sight of media/people asking for money. Bonus: this becomes the first splurge — a fun trip someplace awesome. I’d also hire movers to pack up our current place and move everything into storage.
5. Claim the prize in a lump sum payment, alone (no family with me for the press conference — keeps them anonymous/safe). After the press conference, with my newly hired security, leave on a private flight to join the rest of the family.
6. After as long as we need at the resort for the craziness to die down (including perhaps some meetings with a psychologist to go over the possible effects of having this much money), we’d take care of our families (pay off any debt for my parents/my wife’s parents and set up annuities for lifetime income for them, doing the same for our siblings at a reasonable rate/amount — enough to make them comfortable, but no more) and send them home. Then my wife and our kid would travel for the rest of the year, while deciding where we want to live permanently from afar.
7. As for the money, I’d put enough in a bond fund to kick-off $250k a year for life in income. Every other penny would go into Vanguard Total Stock, I think. I’d probably set up a sizable charitable trust that I could run as my “job” (when I wasn’t playing golf and getting into the best shape I could ever possibly get into, that is), and/or find some work doing fun/challenging/interesting legal stuff. We’d also definitely have a lot more kids, because that would be a ton of fun.
It sounds awful! I don’t think you could avoid telling people… the news would be on you like termites! And then everyone would want a piece of the pie. Life: over. Stupid money. If I could actually get away with getting that much money without telling anyone, I would probably keep a cool million and dispose of the rest. No one needs that pressure looming over them. I was actually going to say the Gates Foundation would be my go-to as well. They’re people that have figured out how to put giant amounts of money to work for real changes… so they’d be getting my billion for sure!
Maggie @ Northern Expenditure recently posted…Our 2016 Non-Financial Goals
I’ll share my dreams with you!
-first, get a lawyer and establish a blind trust so as to avoid as much publicity as possible.
-quit my job after getting the deposit (easy to do, I severely dislike my office job)
-start trust funds for each of my family members. My sisters are highly involved with Christian organizations who do a lot of good in communities near and far.
-establish a scholarship fund at my University. I got a full-ride scholarship to pay for my schooling, so I’d like to pass that on.
-donate to my local Girl Scout organization to ensure my favorite camp remains open
-transfer several friends’ student loan debt to myself with significantly lower interest rates
and for the fun stuff for me, I would:
-Live in St. Louisduring the summer so I can buy season tickets to the Cardinals games
-spend the winter skiing in various resorts
-travel the world in spring and fall
-buy a homebase for me and my sister with plenty of workshop space for all my crafty interests
-take my sisters and mom to New York for an overhaul a la What Not to Wear style!
Gwen recently posted…2015 Year End Review
Seriously, if I won, I think I’d go batty thinking about what to do.
It makes sense to give more away the first year because you can write off what you give to charity.
Start a foundation and give away a yearly prize for something related to vegan/helping animals. Something similar to the Nobel prize.
“Would you charter a 747 and go for a joyride around the world over the course of a decade?” yeah, now we are talking!
But in reality, keep a million or two (that is still sufficient for a decade of slow travel), which leaves about 1298 million to do some good on this planet (albeit a whole lot less after taxes). And you still would have a load of fun!
P.s. be careful with your mental health, we would like to keep you around for a little while longer please.
Team CF recently posted…December 2015 Dividend Update
I can’t even imagine what it would be like to win that much money. It would be INSANE.
Michelle recently posted…30+ Ways To Save Money Each Month
I wouldn’t tell anyone. I’d sign the Giving Pledge like my buddy Warren. And then I’d invest in clean energy, health startups, etc.
Fervent Finance recently posted…2015 Net Worth and Expense Recap
“Giving Pledge!” Right on!
First off I would quit my job! Its a dream of mine to never have to work for anyone ever again.
Then I would buy every single person in my family a house and have their taxes and insurance paid for the rest of their lives.
Then we would all go on all inclusive trip to Bora Bora.
Then I would invest a butt load in more real estate and live the life I have dreamed about. Which is pretty much doing whatever the heck I want to. 🙂
Alexander @ Cash Flow Diaries recently posted…Blog Income Report and Traffic Stats â December 2015 (7 months of blogging!)
That’s just enough money for people to label me “eccentric”.
I would certainly buy a Warthog for the front yard. It would be out with the lilies near the mailbox. The neighbors (of my imaginary brand new house) need to know who’s boss. No HOA is going to tell me to replace my sprawling gardens with regulation boring green grass. And with that much money I think I’d just have them build a brand spankin’ new SR-71 for zipping around the world.
I’d be able to acquire a small fleet of Land Rovers (and the corresponding garage space required). At that point I could get one of each of the Series trucks and Defender models. And maybe a spare of the G4 editions and bright red rescue versions. I’d also be able to build my own backyard racetrack to take the Mini around.
On the more charitable side of things… I’d set up my own foundation and would prioritize saving our natural spaces and species planet-wide. It’s a huge task and would be a full time job for myself and a whole team to discover what people and places could use the foundation’s help to continue and expand effective work in their local areas.
Christina recently posted…Frozen Tower
Maybe you could turn the Warthog’s gatling gun into a sprinkler?? That would be awesome.
Wow, nobody said they’d spend it on hookers and blow! Your readers seem to be the most honest charitable folks around Mr. 1500!
Mr. Tako @ Mr. Tako Escapes recently posted…The Value Of More For Less
LOL! Ummm… Never mind!
I like the way you think…..
“Two chicks at the same time” that’s a movie reference in case people don’t get it
I would do what everyone else what that kind of meny would do:
Buy a Congressman or maybe even a Presidential candidate
First, it’s not 1.4 billion. At least not in 2016 dollar spending terms with inflation and the time/value of money.
The cash option = a mere 868 million. Before taxes.
Peel about 40% of that off the top for the Feds, plus whatever the top bracket cut is in your state and…
…It’s hardly worth bothering to cash the check. 😉
But if I won and did cash it, a new toaster would be nice.
I’d like one too. We’re actually between toasters at the moment, so I’d appreciate a new one.
Oh, and I’d pick up Sue from the Chicago Museum of Natural History.
jlcollinsnh recently posted…Mr. Market’s Wild Ride
First of all, I don’t like the fact you have to reveal your identity. I think that fact alone is why I don’t want to win the money. Imagine the unwanted attention and anyone and everyone you know probably want some money off you. If I were to win that much money I’d do something like this – donate majority of the money to charities, keep some for retirement fund, some money for donating to charities each year, some to give away for deserving people (i.e. scholarship). I’ll keep some to allow us to travel around the world as well.
Tawcan recently posted…Dividend Income – December 2015 update
My stupid state doesn’t allow you to claim the money anonymously. So after hiring all the necessary people (lawyers, CPAs, financial planners), I would change my name and consult with a make up artist to make me unrecognizable. I’d possibly even wear a fat suit. Whatever it took to be incognito.
With the money, I’d pay off my parents’ home and cover my sisters’ education cost. Then I’d travel, for a year or two without coming home, inviting certain people to fly out to meet me around the world. The best part of the whirlwind trip is that I’d never have to fly coach again. First Class International! Woot!
In addition to a lot of travel, I’d give a lot of it to libraries and start a scholarship fund for kids on the bubble. The ones whose parents make too much for them to considered for grants, but those parents don’t or won’t contribute to their college expenses.
Kate@GoodnightDebt recently posted…December 2015 Net Worth Update
First of all i’m not able to play or win te powerball because i’m from europe.
But if i win, i would keep it as silent as possible.
Then buy a new home and invest like crazy to evade taxes the upcoming years.
I would buy dividend stocks and rentals to give myself a good income and thats it.
I would use most of the money to work on changing things that piss me off 🙂
I.E. When driving through places like northern WI, (I use WI as an example because I know you know what I am talking about) and I see dilapidated house, I would use a shell company to buy it for a pittance and demolish it. I would then put the land in a trust. They are a blight on the landscape and the owners/township should be embarrassed.
There are lots of other things, but that is where I start.
The rest of the money would be used to calm me down after getting so riled up 🙂
I would definitely hire someone to help me manage my money. I would pay off all of my debts, as well as any debts my immediate family has (parents, siblings, etc.) I would probably donate a large chunk of it to various charities that I like. I would make sure that I was set financially for life, then probably travel, do some missionary-type work or find a place to volunteer, because with all the free time from quitting my job, I would need to fill it with something to do. And I could try out that food truck dream that I’ve had for a few years.
Here in the UK we just hit our biggest lottery payout ever £60 million. To me, a prize like the 1.3 billion (or any prize pool in excess of one million) should be split into 1 million prizes.
I’d rather loads of people win a million each and loads of people’s lives change, than one person be handed so much money. NOBODY NEEDS THAT MUCH MONEY!
I also think if you win a million you’re much more likely to stay ‘normal’ or maybe I should say grounded than you are when you win millions or billions.
For example, if I won billions, I’d go anonymous for sure… I’d also more than likely go crazy but with a million I’d probably go travelling and invest the rest in business ventures / a small property portfolio.
“I’d rather loads of people win a million each and loads of people’s lives change, than one person be handed so much money. NOBODY NEEDS THAT MUCH MONEY!”
Yeah, neat point! For me anyway, after $1,000,000, its diminishing returns. Well, I’d probably keep $2,000,000 because I have money security issues, but that is me.
I would buy a boat and a truck to pull it, a Yeti 110 iced down with some silver bullets…that might be taken already. What I would really do is build a castle with a shark filled moat, maybe even put lasers on their heads.
Probably buy a new biro and invest the rest 🙂
Mr Zombie recently posted…Two Options
The first thing I’d do would be to create a blog post – I Just Won $1.3B. Since no one would believe me, I’d give anyone who comments in the first 24 hours $100,000 each. Next I’d hire a lawyer (probably a team), followed by 3 personal security guards, a personal chef that studied at the Le Cordon Bleu, and my mother-in-law to keep my new found relatives at bay. I’d hire my sister Charity, to run my charitable foundation and manage my interests in food banks, cancer research, education, libraries, etc. Finally, I’d go buy some In-N-Out to savor the moment. 🙂
Michael @ Financially Alert recently posted…Net Worth Snapshot 2015 (December)
I would ask where my other $200M gross went, b/c the jackpot is at least that much higher!
I would make at least 1,000 wonders by spreading the wealth. It would be so much fun!
Financial Samurai recently posted…Real Estate Is The Next Asset Class To Fall And Why I’m Not Worried
I love this post Mr. 1500! What would I do with 1.3 billion? I would NOT tell anyone that I won the money. Ever. I would pay off my debts/home my mom and best friend’s home. I would also set the money up in such a way that I would only have access to 4% each year. Then, I would start building a real estate empire bwahaha! Buying properties specifically in: Denver/Breckenridge/Paris/Colombia…and maybe a couple in Sydney/Melbourne (probably Melbourne-nicer people)
Amazing blog,great work, my personal goal is increase my salary by 50 percent and put 36k in 401k (me and my spouse . Thank you for inspiring us.