2007-07-31 08:28:36 · 13 answers · asked by . 5 in Business & Finance ➔ Personal Finance
spend it on shoes :)
2007-07-31 08:32:07 · answer #1 · answered by missusisk 4 · 0⤊ 1⤋
Taxes would take 5 million right off the bat. I'd put 10 million into stable investments so I have interest to live on the rest of my life. With the remaining 5, I'd give some away to church, friends, and family. I'd also buy a house.
2007-07-31 17:42:24 · answer #2 · answered by Keep On Trucking 4 · 0⤊ 0⤋
Invest most of it, and use the money earned off of the investments and the rest to travel the world, and never work again.
If I could have a guarenteed income of only $50, 000 a year without having to work, I could easily be content. I don't need luxuries, just freedom.
2007-07-31 15:36:30 · answer #3 · answered by Underground Man 6 · 1⤊ 0⤋
10% to throw away on cars, houses, family, travel etc.
45% in laddered municipal bonds... would be a yield of about 4% which would give me 360,000 per year in tax free income ... so my budget would be 30k per month net spending cash
10% in common stocks as a trading account for fun and profit
35% diversified equity mutual funds..
rebalance between bonds and equities once per year... stick to the budget where i only live off of the interest my bond portfolio earns each year without carring any debt.
not that i've every fantasized about winning powerball before :)
2007-07-31 17:12:35 · answer #4 · answered by Ryan S 3 · 0⤊ 0⤋
i would give about 3 million to my family.give 7 million to the poor and keep the rest for college.
2007-07-31 15:38:49 · answer #5 · answered by Jayo 4 · 0⤊ 0⤋
Pay off all debt - house, car, credit cards, etc., then set up trusts and educational trusts for the kids, retirement savings accounts, etc....after that, I'd help everyone I love!
2007-07-31 15:37:46 · answer #6 · answered by sylvyahr 3 · 0⤊ 0⤋
Move to the country and live on a ranch with a lot of dogs, to keep me company!
2007-07-31 15:32:00 · answer #7 · answered by newyorkgal71 7 · 0⤊ 0⤋
I would pay off my bills and then buy a lot of land for an animal sanctuary.
2007-07-31 15:39:12 · answer #8 · answered by andieangel2003 2 · 0⤊ 0⤋
i would attempt to redistribute the wealth. so that the term commonwealth actually made sense. donate donate donate. and give some to my parents and my sibs. I would keep enough so that i could buy a house.
2007-07-31 15:38:12 · answer #9 · answered by maddocckss 2 · 0⤊ 0⤋
i would buy 20 million jr. bacon cheeseburgers
2007-08-03 10:02:08 · answer #10 · answered by Anonymous · 0⤊ 0⤋
pay off my bills
buy a home
give some to all my family member
but away into savings
2007-07-31 17:30:05 · answer #11 · answered by shorty21 5 · 0⤊ 0⤋