List what you would do if you had 38 million dollars. (For those of you that don't understand just how much that's worth... let's just say you wouldn't have to work for the rest of your life if you spent it right.)
2006-07-12 16:25:43 · 36 answers · asked by Anonymous in Society & Culture ➔ Other - Society & Culture
38 comes from an actual lottery winning after taxes.
2006-07-12 16:31:47 · update #1
The same as I'd do with a million bucks, only 38 times better! And you're darned right I wouldn't work again!
2006-07-12 16:27:57 · answer #1 · answered by he's gone 3 · 2⤊ 0⤋
Well, at 2.5% annual interest (I don't know what it is right now, but is probably close to that) in a general savings account, if you put $10 million back you could live off the interest alone with a very generous six figure income for life. Then most of the rest I'd either give away or use as seed money for starting foundations.
2006-07-12 16:30:20 · answer #2 · answered by You'll Never Outfox the Fox 5 · 0⤊ 0⤋
Well first I would make sure my family were taken care of then I would invest some of it buy a house a few cars start up that body shop my husband has been dreaming of start up a no kill animal shelter and a low income vet office kinda like the health dept. but for pets i would give alot of money to chairty put some in a CD at the bank and the rest in a savings account oh yeah and pay my taxes
2006-07-12 16:30:17 · answer #3 · answered by eeyore_0816 4 · 0⤊ 0⤋
Set up trust funds for my children, wife and mother, pay off all my family members and friends mortgages, buy a 200+ acre tract of land (or possibly a small island) to build a nice house, build a 20 car garage and fill it with all my favorite cars, purchase the lease for the parking garage below the I 705 freeway in Tacoma and allow the homeless to be fed there every Friday and Saturday night in perpetuity.
Oh, and quit my job. That's all I can think of right now...
2006-07-12 16:36:32 · answer #4 · answered by toohairy4u 2 · 0⤊ 0⤋
I would pay for college. Buy a nice house in the Hamptons for my entire family. Finally get that BMW I've had my eye on for a while, a whole bunch of designer shoes, coach and prada purses. For me my mum and my sister. (You have to share 38 million dollars). I'll definitely have a scholarship fund at my college because they are very big on financial aid. Donate some of the money to shelters for abused women and children. Get lots of earrings, buy a pink pearl colored Benz. Buy a hummer for my brother a brand new Range Rover for my dad. I'll get one of those plasma screens for my room. Get the coolest nokia phone on the market.
And invest the rest, I'm going to assume that I have at least 10 mill left.
2006-07-12 16:36:56 · answer #5 · answered by cvo 4 · 0⤊ 0⤋
first i would pay off my house . hire someone to fix it up then sale it. then i would buy a new house and burn all my old clothes and buy a whole new wardrobe . go to collage. buy new furniture for new house. put the rest of the family in collage. start my own store. and sale camping supplies. then open a hobby and craft store and put my daughter in charge OF IT. HIRE A BOOKKEEPER.[PERHAPS I BETTER GET AN ACCOUNTANT BEFORE I DO ANY OF THIS] and a lawyer. go on a long trip to all the places i have never been. as you can tell i can come up with a lot of things to bye or spend it on.
2006-07-12 16:37:42 · answer #6 · answered by territheterribleliar 4 · 0⤊ 0⤋
I'm not sure about 38 million, but if you win the entire Powerball jackpot, you can relieve the debt of the entire continent of Africa.
2006-07-12 16:31:07 · answer #7 · answered by enseen61 2 · 0⤊ 0⤋
buy a house. cars. stuff. invest.
btw, where did the number 38 come from??
i mean, why not 30 or 40, why 38??
just curious
2006-07-12 16:30:02 · answer #8 · answered by innabobolina 2 · 0⤊ 0⤋
no 1 i hire a lawyer to hep me to look at investments. no 2 i give a donation to the cancer fund and set up a trust fund for them with 5 million dollars.no 3 donate money to sudden child death syndrome foundation.no 4 donation to the Fred hollows foundation to help people in poor countries with eye problems.
2006-07-12 16:36:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Help out family and friends with a portion... donate a portion... invest (stock market, real estate, whatever) at least $20 million.
20 million @ 4% = $800,000 per year. Enough to afford a damn good lifestyle.
2006-07-12 16:28:18 · answer #10 · answered by sara 1 · 0⤊ 0⤋