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re: If you hit the lottery worth $300 million...

Posted on 12/2/14 at 1:41 pm to
Posted by jmcs68
Member since Sep 2012
40401 posts
Posted on 12/2/14 at 1:41 pm to
I would donate a good portion of it, travel and eventually move to the south of France with my OT 10 of a man.
Posted by GFunk
Denham Springs
Member since Feb 2011
14967 posts
Posted on 12/2/14 at 1:41 pm to
1.) Become immediately liquid.
2.) Do the same for parents, sister.
3.) Fully fund trusts to pay for neice and nephew's college anywhere on Earf.
4.) Obtain lifetime health insurance-Cadillac Plan. Pay in cash for myself, wife, Dad, Mom, Sister, neice, nephew.
5.) Set up interviews with wealth management professionals.
6.) Choose One.
7.) Set up interviews with attorneys.
8.) Choose One.
9.) Create living trust, name executor of trust after my demise.
10.) Buy large tract of land somewhere close to Lake Maurepas (Tickfaw/Amite/Diversion Canal).
11.) Develop private neighborhood.
12.) Contact best friends and offer them several floor plans and choice of lot in neighborhood.
13.) Buy large home on St. Charles in NOLA.
14.) Buy large Creole home in French Quater/Faubourg Marigny.
15.) Invest 90% of remaining sum.
16.) Toys w/remaining 10%.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89742 posts
Posted on 12/2/14 at 1:41 pm to
quote:

After taxes you would probably get $160 million.


Invested correctly, that would generate a lifetime income of, give or take, $6 million per year, while leaving the principle untouched (and can be slowly rolled into trusts over the next 30 to 40 years). So, I would pay myself a $6 million salary and do/buy whatever I want on that budget. I would travel the U.S., extensively, in one of those fancy rock star tour buses. I would have nice homes in Hawaii, the mountains and Florida. I would spoil my children and grandchildren.
This post was edited on 12/2/14 at 1:42 pm
Posted by LoyalTiger
Member since Feb 2007
1493 posts
Posted on 12/2/14 at 1:41 pm to
Put all $160 million into a safe fund that returns at about 3-5% interest annually and live off the $4.8 - $8 million annual interest. Leave the $160 million to the kids.
Posted by Brageous
Member since Jul 2008
107724 posts
Posted on 12/2/14 at 1:42 pm to
use my money to become famous and frick celebrities all day every day and live like Entourage
Posted by CadesCove
Mounting the Woman
Member since Oct 2006
40828 posts
Posted on 12/2/14 at 1:43 pm to
quote:

what would you do and buy?


First, I would drop off the face of the Earth to avoid the inevitable friend and relative tsunami. Then I'd do whatever struck my fancy at the time. I wouldn't go crazy like a lot of the people who win though. I'd pay off anything that anyone in my family owes and fund the kids' educations. Probably buy some land in a couple places and live as quietly and comfortably as possible. Would bank what's left over and make it my goal in life to never touch anything but the interest again.
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76713 posts
Posted on 12/2/14 at 1:43 pm to
I'd do a lot of drugs
Posted by CuseTiger
On the road
Member since Jul 2013
8261 posts
Posted on 12/2/14 at 1:44 pm to
Bulldoze NBR
Travel the world
Pay off student loans
Buy house, truck, boat
Invest
Posted by Kracka
Lafayette, Louisiana
Member since Aug 2004
40897 posts
Posted on 12/2/14 at 1:45 pm to
buy some land, and build a nice, modest house on it. Pay off all bills and mortgage for parents, inlaws. I would like to say I would quit working, but I would work something out with my current employer to where I could work a couple days a week or whenever I want, because I really like my job, and it's a small get away from the house.

I'd play a lot of golf, and do some traveling as well.
This post was edited on 12/2/14 at 1:46 pm
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8631 posts
Posted on 12/2/14 at 1:47 pm to
first thing I would do - go to best buy a nice laptop (for my upcoming trip), buy plane tickets for wife daughter and I to Costa Rica....go down there for a few days and get together a game plan.
Posted by WaltTeevens
Santa Barbara, CA
Member since Dec 2013
10996 posts
Posted on 12/2/14 at 1:49 pm to
I'd get a law degree and fight for the rights of the oppressed straight white male.
Posted by Spaceman Spiff
Savannah
Member since Sep 2012
17601 posts
Posted on 12/2/14 at 1:49 pm to
First thing I would do after verifying that it was indeed true and I had the money in bank, I would kick over every cubical in my office.
Posted by Spawn
Berlin
Member since Oct 2006
7073 posts
Posted on 12/2/14 at 1:50 pm to
I lost my father to skin cancer several years ago. I've always said if I won the lottery I'd start a skin cancer foundation in his name to raise awareness of this disease and offer free screenings to poor people so that some other son would be spared having to watch the greatest person he's even know suffer the way he did. .


And two women at the same time of course.
Posted by CunningLinguist
Dallas, TX
Member since Mar 2006
18807 posts
Posted on 12/2/14 at 1:52 pm to
Quit work the next day
Posted by Slickback
Deer Stand
Member since Mar 2008
27691 posts
Posted on 12/2/14 at 1:52 pm to
Buy land.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37708 posts
Posted on 12/2/14 at 1:53 pm to
Invest to live in interest.

With the interest, I'd buy prime tickets to all Auburn Football and Basketball games. legit all I got
Posted by AngryBeavers
Member since Jun 2012
4554 posts
Posted on 12/2/14 at 1:53 pm to
quote:

Quit work the next day


frick that. Just stop showing up and don't return their calls. They'll get the picture
Posted by Jim Rockford
Member since May 2011
98536 posts
Posted on 12/2/14 at 1:53 pm to
Invest in as much anonymity as I could. Shell corporations, cutouts, whatever it took to ensure that nobody knew I was the winner.

Everybody in my extended family gets something, sliding scale. Parents, siblings, get more than cousins, etc. After that I'd buy a Tiger Stadium suite, and I'd do some traveling. Other than that, my lifestyle wouldn't change much. I'm not hung up on material things.

Posted by WDE24
Member since Oct 2010
54189 posts
Posted on 12/2/14 at 1:54 pm to
quote:

After taxes you would probably get $160 million.
Going to be less than that I think if you take it in lump sum. Barely enough for me to even consider.
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43030 posts
Posted on 12/2/14 at 1:55 pm to
Helicopter full of cocaine. The only way to fly the helicopter would be to snort all of the cocaine

Checkmate.
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