What would you do if you had $25 Million?

Question

Tonight at dinner we were discussing winning the lottery and what we would do with the money if we did win. The Powerball right now is at $25 million if taken as an annuity and $12.3 if taken in cash. Assuming that the Feds are going to take 30% that makes it $17.5 annuity or $8.6 lump sum. So if you had the winning ticket, would you take it in annuity or cash, and what would you spend the money on? Please give me a fairly detailed list.

As for me, I would take it in a lump sum. I would put $1 million in a trust for my sister. I would buy my mom and myself new houses and new cars, spending about $750,000. I would put $250,000 in a trust for my cousin's college educations. I would take about $500,000 on new clothes, new stuff for my house, and paying off my bills and college loans. I would also give a million to my favorite charities. All the rest would go into the stock market and money market accounts.

Answer 1

I would take the money in a lump sum. I would pay a tithe to the church right off the top. Next, I would pay off my student loans $50,000. I would buy new homes for me, my mom, and my brother- $900K. I would also buy new cars for the three of us. They wouldn't be fancy. I simply need a minivan for me, hubby, and the kids. My mom would probably get a BMW or some luxury car with great customer service. I would put 75% in savings, and the rest I would use to travel. I would love to take my kids to visit other cultures and live the "immersion" lifestyle versus the glamorous lifestyle most lottery winners live. Since I teach English, I would volunteer to teach English as a second language. That's all I can think of for now, but travel tops my list. I just can't go many places and haul four kids and husband around with me without money.

Answer 2

I would pay off my house as well as my daughters, stepdaughters and my g/f's. I would buy a new car for all our kids, if they want one, something in the 25,000 range. I would pay off my daughters, step daughters, son in law, step son in law and step son's student loans. I would do the remodeling on my house. I would give an appropriate monetary gift to all my brothers and sisters, and their kids. I would give money to all my favorite charities. I would buy my ex husband a condo in florida, and a car. I would set up college funds for the grandkids and my nephews. I would buy my folks the condo they want.

Then I would tell my boss goodbye and go back to school full time. Oh and take my g/f to the island of her choice. Everything else would be saved, and left to my daughters.

Answer 3

i would take the lump sum to pay all my debts, put my immediate family in new houses,and buy them all new cars and give them a nice little lump sum to continue to live on. of course this is after i have done the same for myself. i would see all my children through college plus have them all a nice lump sum waiting for them in their own bank accounts as well as my self. as long as i felt financially comfortable the rest of the money would go to various charities because im not a selfish person. why hold on to so much money when it can bring so much evil. so i would definetely be giving i t all away after i got my and my families basic needs out of the way. i lve helping others if i can do so cause it makes me feel good.

Answer 4

I would pay off all my bills, invest some then I would buy my two wonderful kids the biggest play ground ever. I would spend so much money on those two little girls that it would just seem crazy to most people.

Answer 5

In defence of biscuits, I could element out that the article is deceptive. a number of those tragic injuries contain the warmth of the tea. you could not scald your self with a biscuit. I by possibility ate an entire packet of shortbread the day previous.

Answer 6

Pay off my bills and then invest it so I could retire early.

Answer 7

I'd go home

Answer 8

I would take you out to dinner:)

Answer 9

spread it all over my bed and dive inside!!!!!
LOL!
HEY, I'M RICH!!!!!!!!!!!!!!!!!
LOL!