I would:
-Give 50,000 to charity
-Give 500,000 of it to my parents
-put like, 250,000 in savings [for the future]
- buy some stuff with the remaining money, and buy/sell stocks with the rest
2007-01-29 14:40:53 · 5 answers · asked by uhhhhhhhh 3 in Business & Finance ➔ Personal Finance
Buy my own island, Give alot to charity, Buy my mum a big house, Buy my own house, Pay off uni debt, Invest
2007-01-29 14:50:21 · answer #1 · answered by f_jayce 5 · 0⤊ 0⤋
Have some bad news for your allocation. You'll need to set aside about 45% of your winnings for taxes. Isn't that a bummer? Of course, you could set up a charitable trust and avoid some taxes, but let's deal with that after the windfall! (Leave it to an accountant to suck all of the fun out of a room!)
2007-01-29 14:47:42 · answer #2 · answered by SuzeY 5 · 0⤊ 0⤋
Me myself i would invest most of the money in low income housing so i would have a study income coming in and help the community in the process.
2007-01-29 14:51:53 · answer #3 · answered by stevieb030369 1 · 0⤊ 0⤋
give some play some invest some save some
2007-01-29 16:23:07 · answer #4 · answered by tennessee 7 · 0⤊ 0⤋
$500,000 to retirement (that would put me over the top)
$20,000 to go on a GREAT vacation
$35,000 to buy new car
$75,000 for each of my grandchilden's education
$295,000 (what's left) to fund a business I have in mind.
2007-01-29 14:48:25 · answer #5 · answered by Paul D 5 · 0⤊ 0⤋