How would you spend this money?

Question

If you win the lottery and lets say you win around $50 Millions.

What would you spend your money on?


Cars, Houses, helping the poor, helping family & friends, Boats, vacations, School, Business......

May you all who answer hit it big! :)

Answer 1

I'd only spend the interest on it, which would amount to about $175,000 per month after taxes.

I'd use interest to live on, pay off all my bills, help family members one time with a $5,000 dollar gift. The rest i'd use to open a small homeless shelter, so i could help people get back on thier feet and be productive members of society once again.

I might buy me a new pickup truck but wouldn't change my lifestyle much if at all. I'd still live in the same house, buy my clothes at walmart and jcpenny's, eat in the same old restaurants. My life would basically be the same except i wouldn't have to worry about having enough money to pay my bills each month.

Answer 2

When times are lean (and they are very lean) people want a job and any one who promisses them a job is their new best friend. Obama knows full well that the $50 billion he has propossed will never make it to law. The democrats would never vote for it this close to election time. He only made the 'recommendation' publicly so that they will be able to campaign on the arguement that he had a really good plan that would have created jobs but those mean old republicans who don't hold a majority in either house have prevented it for working. Just a thought about all these great ideas the president would like to propose. A bill may be submitted to congress by any member of congress or by the president. How many of his brilliant ideas has he ever submitted to congress as bills?

Answer 3

First I'd contact a Financial adviser or planner so he could help me invest the money.I 'd invest the money where I could live off the interest.I would then take care of my family and some close friends.Give to charity(mostly disadvantaged kids).I would move out of state, buy a home with a scenic view and buy a vacation home.Then travel and learn about other cultures.

Answer 4

50 million after taxes? Well the first 10% goes to God. Than I will pay off my bills. Build my mom a new house, Put it in the bank as a security blanket and go back to work. Of course I'd buy myself something a new car some exercise equipment a house

Answer 5

First I would make sure my family was well taken care of,my brother's and sister have had made major mistakes as far as drugs and other things in life.I would want to get them all the help I could,to help them beat this.I just recently lost a brother to an overdose and i don't want to lose another.I would by a nice home,nothing extravagant,just better than what we have now.I would definitely do what I can to help less fortunate children in my area.My children would have all they need in life as far as the best education and what not.And of course I would splurge on a vehicle or too and some nice family vacations!

Answer 6

If you get the lump sum, you only take home about 45% of it from the Lottery Commission, then Uncle Sam gets his cut.
I would invest in businesses that would provide both future monetary return and a tax write off.
I would make charitable contributions to groups and organizations I believed in prior to winning. Any one who asked, would be turned down.
I would also buy real estate.
I would also vacation 2 months out of the year.

Answer 7

i'm a very religious person i think i would donate atleast 1million or a few thousands dollars to my church. then i will buy a nice house if i have kids put away a few million for them to go to college.....then if my parents are still alive i would give them a few..but really when you think about it i will just buy the same things i will buy if i only had won 500dollars instead of 50...i would not spend my money crazy or any thing although a little vacation here and there to the bahamas is not a sin....

Answer 8

I already have a list of what I would do with it. First I would buy new cars then a house. Then put some away for me and my hubby and my future children for college accounts. After I am settled I would put money away for my neices and nephews and my friends children to go to college on. Then I would help out a few random people I see who looks like they tryed and they have children I would just go around at x mas time and hand out money to parents for their children to have a good x mas. Then I would donate money to animal shelters to help pay for the car of injured animals. Thats what i would do with it

Answer 9

I'd pay off all the bills of my family and friends and buy my friend her house. Then I'd get us a house - a big one and take in foster kids. I'd put all the money the state gives in a savings account for them to use when they grow up. And I'd take care of them with my money. I'd also have a farm with horses and all sorts of animals.

Answer 10

My family would be sitting pretty as long as are worthy of it.

I would invest alot of it to simply make more money, but then that is what I am doing now.

I would buy my son the vehicle of his dream and his business. Other than that I would still live exactly the way I do now only have bigger, blood thirsty dogs to take out those who come to my door to beg.

: )