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Winning the lottery.

Damo

Short One Marshmallow
Sep 7, 2006
4,603
27
French Alps
Scenario: You have won 10 million dollars.

Question 1: Would it change you? How?

Question 2: What would you do with it?
 

sanjuro

Tube Smuggler
Sep 13, 2004
17,373
0
SF
I would create a non-profit foundation, which had nothing to do with bicycling or trail access.

All my foundation would do was to create legislation which would make horseback riders pick up their horse's poo, just like the dog owners.

I figure that would get rid of the horseback riders off my trails, or create a new industry of horse diapers.
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
21,613
7,271
Colorado
Make me a lot less stressed, and owning a very fast car.
I would hire a CPA, Trust Atty, and a private wealth mgr. Trust atty to build a trust to protect the winnings from taxation; CPA to maxamize tax strategy; private wealth mgr to build a safe 5% yield portfolio so I can live off the interest indefinately.
 

Damo

Short One Marshmallow
Sep 7, 2006
4,603
27
French Alps
I had kinda decided (we are winning the 'Euromillions' lottery this Friday) that half the money would be spent buying a large amount of land here, building the dream home on it and building a motocross park etc out the back. Think of the DC Mountain Lab. Like that, but for all things bikes & boards. I would be buying the cars I wanted, the bikes I wanted and all the toys etc that are needed.

So basically 5 million is spent on 'things'.

The other half would be invested on properties around the world to give a guaranteed income should this all go tits-up.
 

sanjuro

Tube Smuggler
Sep 13, 2004
17,373
0
SF
Make me a lot less stressed, and owning a very fast car.
I would hire a CPA, Trust Atty, and a private wealth mgr. Trust atty to build a trust to protect the winnings from taxation; CPA to maxamize tax strategy; private wealth mgr to build a safe 5% yield portfolio so I can live off the interest indefinately.
Let me give you a hint what you'd really be doing:
 

Jeremy R

<b>x</b>
Nov 15, 2001
9,698
1,053
behind you with a snap pop
I would buy a 30 infomercial and name it:

Taxing the Ignorant.
And I would show Ross Perot style pie charts of the actual odds of you winning the lottery, and how it is more likely for you to get rich by sticking a lump of coal up your ass and puckering until its a diamond.

If my infomercial is successful, then maybe it will cut the line from 10 minutes to 5 minutes at my local gas station cash register, and I can get my coffee a little quicker.
 

Prettym1k3

Turbo Monkey
Aug 21, 2006
2,864
0
In your pants
I'd keep my current job to pay the day-to-day bills.

I'd buy a couple of bikes. Buy my wife the BMW that she wants, and a decent small house.

Take my family on a vacation.

Pocket the rest in a safe, secure, CD account. And live off the interest as long as I could.

Oh, and I'd tithe 10%.
 

stosh

Darth Bailer
Jul 20, 2001
22,238
393
NY
I would buy a 30 infomercial and name it:

Taxing the Ignorant.
And I would show Ross Perot style pie charts of the actual odds of you winning the lottery, and how it is more likely for you to get rich by sticking a lump of coal up your ass and puckering until its a diamond.

If my infomercial is successful, then maybe it will cut the line from 10 minutes to 5 minutes at my local gas station cash register, and I can get my coffee a little quicker.


Yet again I award you the funniest member award.

Why is it that I always get stuck behind an old guy with a miss marked scantron?


Edit:
I would quit my job and go back to college. I would move my family temporarily to the school that I choose and my wife could stay home with our daughter.
 

blue

boob hater
Jan 24, 2004
10,160
2
california
Make me a lot less stressed, and owning a very fast car.
I would hire a CPA, Trust Atty, and a private wealth mgr. Trust atty to build a trust to protect the winnings from taxation; CPA to maxamize tax strategy; private wealth mgr to build a safe 5% yield portfolio so I can live off the interest indefinately.
:stupid:

I'd also pay off my parents house and give them a million. And globetrot with my ex until I felt the need to stop. And figure out the best way to spend the money for the betterment of humanity.
 

mantispf2000

Turbo Monkey
Aug 9, 2001
1,795
246
Nevada, 2 hours from Mammoth
#1-- Change me? Heck yes!! The daily stress of bill paying and such would go way down, as well as my blood pressure (still haven't lowered it enough, and jumps like crazy). Gee, would it even be existant after winning???

#2-- First off, DEBT FREE!!! No mortgage, no second, no cards, blahblahblah. I'd buy the 12-acre lot across from where Alaina is, and see about moving her to it. I'd have an extremely "green" house (straw bale, rammed-earth tires, etc) on it. I'd build a combo pump/North Shore track. Wife and I would start a pet rescue/pet food bank for needy families (if we're still together-- long story, Shocktower knows). I'd get a condo in Rocky Point, Mexico, to visit my family down there. Even take care of family. And the toys I'd buy......................... oh, traveling, too............................
 
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JohnE

filthy rascist
May 13, 2005
13,443
1,969
Front Range, dude...
1. Leave the AF.
2. Buy Mothers house (Currently on the market in west suburban Chicago, btw. PM me if interested...), rehab it and keep in family.
3. Cool trip every fall.
4. Trust funds for chitlins, contingent on them grajiating some form or another of higher ejumakashun.
5. Buy a decent little bike shop somewhere I want to live (Vail, Durango, Steamboat Springs etc.)
5a. Own way too many really sweet bikes, and lots o' free time to pedal.
6. Maybe buy an interest in an ice rink, bang hot figure skaters
7. Have a really mellow life, not worrying about anything much...
 

AngryMetalsmith

Business is good, thanks for asking
Jun 4, 2006
21,227
10,081
I have no idea where I am
I would book reservations at Damo's place for dinner and tell him that all of his complicated french sauces would taste better with ketchup.

Or dinner at Paul Bocuse's restaurant.
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
21,613
7,271
Colorado
For those who say pay off all debt, to a certain extent, having debt actually works in your favor. If you are paying 5% interest on a home loan, but making 7% in interest and didivends, you are making 2% off of the principle by carrying the loan.
Debt can be used advantageously, if you are cogniscant and not frivilous. Also, margin is the devil.
 

MisterMental

Monkey
Jul 26, 2002
385
0
UK
id buy the company that i work for and sack all the corprate management wankers and then sell it back at a 10% discount and then chiiiiiill for sure.
 

maddog17

Turbo Monkey
Jan 20, 2008
2,817
106
Methuen, Mass. U.S.A.
of course it would change me.
1. quit current job
2. pay off bills
3. pay off family's bills... mom/dad, sister, uncles, etc.
4. offer to pay off friends bills
5. buy my cars.. Bugatti Veyron, AM DB9, Shelby GT500 upgraded to SuperSnake
6. invest the rest like some of you suggested and live off the interest.
7. pay for my 2 niece's college when it's time
8. show up at ex gf's place driving Bugatti and flip her off!!!
9. build dream house
10. open bike shop


not that these are in any particular order, but that's what i would do
 

MisterMental

Monkey
Jul 26, 2002
385
0
UK
yeah good point id get a **** off v8 monster car and park it in my factory and rev **** out of it till then engine blew and then get in my other monster-****-off car and drive home to my mansion, do in an eigth of white and go nuts! yeeeeeeeeeeeeeaaaaaaaaaahhhhhhhhhhh boi!
 

4xBoy

Turbo Monkey
Jun 20, 2006
7,050
2,894
Minneapolis
I would do as little as possible, small house in the middle of no where completely running off of alternate power sources wind/solar and probably spend my time riding and posting benign drivel on the internets.
 

BurlyShirley

Rex Grossman Will Rise Again
Jul 4, 2002
19,180
17
TN
Id buy about 500-1000 acres with a river or large creek running through it, somewhere sparsely populated. I'd build a 1,200 sq.ft. basement house and cover the roof with solar panels, and Id bury huge cisterns next to the house to collect rainwater for daily use and gardening. There would be no air conditioning, and the only heat in the house would be via a wood stove.
Id hire a guy with dozer and a dumptruck to dig in either 1 large or several smaller ponds in which I would raise catfish and freshwater prawns to consume and sell.
I'd also build a hell of a homebrewing facility for beer.
Id then set out to live the rest of my days growing food, cutting firewood getting drunk and fishing.
Id pay off all my immediate family's debts and just bank the rest to pay property taxes and spend occasionally.
 

skinny mike

Turbo Monkey
Jan 24, 2005
6,415
0
1. pay off college loans
2. help my sister pay for med school
3. buy a ton of land somewhere out west where i can go into the mountains right from my backyard
4. build a very efficient house that i can run off of solar energy
5. build a greenhouse for growing some of my own food
6. learn how to hunt and be able to provide all of my own meat that way



i'd probably also do a bunch of traveling and whatnot.
 

skinny mike

Turbo Monkey
Jan 24, 2005
6,415
0
Id buy about 500-1000 acres with a river or large creek running through it, somewhere sparsely populated. I'd build a 1,200 sq.ft. basement house and cover the roof with solar panels, and Id bury huge cisterns next to the house to collect rainwater for daily use and gardening. There would be no air conditioning, and the only heat in the house would be via a wood stove.
Id hire a guy with dozer and a dumptruck to dig in either 1 large or several smaller ponds in which I would raise catfish and freshwater prawns to consume and sell.
I'd also build a hell of a homebrewing facility for beer.
Id then set out to live the rest of my days growing food, cutting firewood getting drunk and fishing.
Id pay off all my immediate family's debts and just bank the rest to pay property taxes and spend occasionally.
:thumb:

that basically sounds like the type of house i would like to have one day.
 

SkaredShtles

Michael Bolton
Sep 21, 2003
65,700
12,735
In a van.... down by the river
1. pay off college loans
2. help my sister pay for med school
3. buy a ton of land somewhere out west where i can go into the mountains right from my backyard
4. build a very efficient house that i can run off of solar energy
5. build a greenhouse for growing some of my own food
6. learn how to hunt and be able to provide all of my own meat that way



i'd probably also do a bunch of traveling and whatnot.
Skinny Mike?

 

Rip

Mr. Excitement
Feb 3, 2002
7,327
1
Over there somewhere.
I'd put it in the stock market.:banana::banana::banana:

And it's be down to 0 in 4 days.


Nah, I'd get a couple of bikes, a new car and a place in NC to live for the long haul.
 

Windowlicker

Monkey
Dec 27, 2007
443
0
Santa Cruz
Buy land in the Santa Cruz area, build decent sized house, buy bobcat, buy truck, invite dirtbag friends to live at my house for cheap, build DJs and trails or whatever we want.