If you were given $20 million dollars, what would you do with it?

Answer 1

Estimate $10,000 for taxes, first of all. (I think if you get it all at once, you're in something like a 50% tax bracket that year?)

1. Get out of debt completely -- consolidation loan, student loans, car. (about 24,000)

2. Buy a house and furnish it.

3. Buy my mother a house.

4. Go on a huge shopping spree and buy out Barnes and Nobel and Best Buy.

5. Send $1,000,000 to my sister, who just had her 2nd baby and is going a bit nuts.

6. Donate $1,000,000 each to the Road Home (homeless assistance), my favorite environmental charity, and my favorite religious charity. (Hey, $3,000,000 tax write-off, too.)

7. Max out my 401k for this year (15,000)

8. Start an IRA and max that out. ($4000, I think)

9. Invest 25% of the rest in the stock market.

10. Put $50,000 aside for an emergency fund.

11. Put the rest into savings.

Answer 2

Pay the IRS
Pay off our 1.5 million in debts
Pay for educations for any of our friends and employees who want it.
Give a share to each of my husband & mine siblings (9 alltogether)
Put as much in trust for my daughter & son as I could
Take a much needed vacation
Start a non-profit that helps out America's working poor.
Invest a bunch.

I've daydreamed about this much too often!

Answer 3

Give 1mil to Wil T and wisely manage the other remaining 19mil

Answer 4

Save some in my bank account....... take some out to give away to friends and family members who need it....... buy a home, car... and used a couple thousand to invest..... and use another couple thousand to start a business.

Answer 5

move then buy evryone i know something