I know what I would do, and here it is. I would take the lump sum. That's a no brainier. After the 25% Federal tax and Maryland's 7.75% lottery tax I would be left with $241,427,500 in cash. I would take $41,427,500 and just blow all of it, YES ALL OF IT!
--$7M to pay off houses of Friends. If I take an average of $250K per house I can pay off 28 houses. Well, a few of these friends would need a fresh build so some would get a new house.
--$5M would be donated to various places. $2M Charities of my choice, $1M to the town of Middletown (where I grew up), $1M to FCPS, $1M to WCPS.
--$12M in cash to Family. That's $1M each to of my immediate Family Members and $500K each to other Family family members. ie Uncles and Cousins.
--$4M dispersed in cash to Friends. Amounts vary on their awesomeness. Haha!
--$400K given to complete strangers. $25K each to 16 random strangers that I see walking in the street. This would be so much fun to change some lives!
--$10M on a giant piece of property to build a compound of several houses for my immediate family and closest friends. It would be completely gated with security at the entrance.
--$2M on a giant classic car selection! I love classic cars and would have a giant garage on the compound filled with cars that anyone in the compound would be able to drive.
--$1M on the biggest, baddest, world tour, 6 month vacation with 25 of my closest friends and family!
--$27.5K to the first awesome waiter/waitress at a restaurant we ate at. Giant tips from rich people have got to be awesome. I waited tables and I know how awesome it is to get a great tip.
So there goes $41,427,500. I am left with ONLY $200M in cash. If I put this in the bank and get a 2% annual interest rate, I would be making $4M a year in interest. I could definitely live off that. Screw investing it, you don't need to take the risk. In fact, I think it would be hard to spend all that since everything I would own would be paid off already...haha!
It's fun to sit around and dream about that kind of money. It would be hard not to share it with important people in your lives and even share it with complete strangers. You just can't be greedy with this much $$$. Whom ever wins tomorrow's drawing will change the lives of everyone around them for many, many years. Write in the comments about what would you do, I'd love to see. Good luck to everyone!!!
Cheers!
K.A. Ball
Let's see, I'll go first.
ReplyDeleteFirst thing - pay off my parents home. Thats a measly $150k. So what's the fun in that. I'd buy my parents a large 250 acre property and build them a home with a 10 car garage to house all their fun toys...vehicles, boats, rv's...the important things. And obviously pay off their other various debts.
Next I'd buy my mom the best form of cancer care to get the most innovative, modern technology to hopefully make her well again.
-Pay off the rest of my immediately family's debts and maybe buy them houses and cars. I'm too lazy to break down each cost.
-I'd buy myself a nice home somewhere in the mountains and build a dog rescue and start loving on all those unloved puppies! And various cars, trucks, and toys.
-Since most of my friends are assholes Id probably select the few loyal ones I had left and go on shopping sprees and vacations and whatever fun shit we wanted to do.
I would invest my money into some kind of business because god knows I can't sit still for an extended period of time. And probably give it away to a bunch of needy people. Maybe sit on it for a while and take vacations and learn to enjoy the life I have rather than wasting it away.
I'm going to win, damnit.
That's awesome Sarah! Good luck!!!! :)
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