Separate names with a comma.
Discussion in 'Road Side Pub' started by 909venm, Mar 13, 2017.
lmfao w t ffffffffffff
st thomas/st kitts
Invest wisely and work very hard to do some good in my community, sprinkled liberally with fast cars, guns, vacations and whatever makes the wife happy.
I would buy a small temporary fixer upper place, then during the next 6-12 months not make any big purchases and think carefully about what it is I want. I would like to grow that money and give back to this planet in some way.
1) Invest. Money makes more money
2) Set up trust funds for my kids
3) Start a charity
4) Start my own business doing something I want to do...not something I need to do.
5) Buy some properties in places I like to visit.
6) Get my wife some boobs.
Sent from my SM-N920T using Tapatalk
Pay off my loans, finish grad school and sit on it until then.
Then buy an old full-size convertible and spend a couple months bopping around the country.
As has already been written it all depends on how much. If it is another 600 million dollar whopper and I am the sole winner.
Tell no one.
Start up new corporation. File in no personal income tax state with very low business taxes.
As president of the company I will get a salary. It won't be very much. Everything I buy or "own" will be the property of the corporation and will all be tax deductible and depreciated. With that kind of money I could be very comfortable on just the earnings on the principal.
Likely at or above Treynor levels of goodies.
The only insane luxury will be my Jet Helicopter that I will train to fly myself.
The Gulfstream will be fractional ownership.
Can a Supermodel still be called a Supermodel if she is still in her teens?
I couldn't just sit at home, I need to work. I would build a nice shop, hire a couple of kids who want to learn about mechanics, and train them. Buy cars, have them go through them from top to bottom and fix everything wrong. When they meet my expectations, give them their tools and send them out in the world. Then hire a couple of new ones. This would also give me helping hands for my projects.
8V92 in a Miata, I think it will fit.
Some states don't allow anonymous winners anymore for those that mentioned it above. I assume we are talking a powerball or mega millions winning, so here it goes.
1. Retain necessary lawyers and financial advisors
Lets say the take home was 100 mil…I'd take 10 mil up front cash for me to do the below tasks 2-7. Invest another 15 mil in precious metals, 25 mil in stocks & bonds, and 50 mil for real estate investments (this would become my primary business)
10 Mil for the following:
2. Quit my day job
3. Buy a plot of land and build my primary residence near where I currently live with a very large garage/workshop (2 mil)
4. Stock said house with following toys: (05-06 Ford GT, Ferrari 458 Italia, 04 Comp Orange Terminator, 14' GT500, 17' Raptor w/Trinity Motor Swap, 17' Focus RS, 2017 F350 PSD, Malibu M235, 2018 Lincoln Nav for my DD) (1.5 Mil)
4. Buy my parents a new house, cars, and set aside enough cash for them to retire comfortably. (2 mil)
5. Pay off all off my brothers' debt (House & cars) and give each of them some cash on the side. (2 mil)
5. Create a trust for my niece and nephews college fund (400k)
6. Take the vacation of a lifetime first week with family then 2nd week with friends all expense paid by me (+100k)
7. Buy a few vacation rental homes (part time personal use and part time income) (1 mil)
1 mil would be left over for additional random spending money.
8. Start a real estate business with my 50 mil fund. Primary investments would be apartment complexes but also some commercial real estate. Purchase 500-1000 acres in farm land for my brothers to run. I would open my own bar/restaurant. Set a goal to have a net worth of $250 million in 10 yrs.
I'm probably one of the few people anywhere not interested in visiting or living on the USVI. That would be like visiting any other place in the States. I want to experience some new culture, not the same old thing in a different location.
I had another thought about the winnings. I'd still do what I said earlier, but if it's $500M+, I'd buy a couple hundred acres and some earth moving equipment. I'd get all the machines painted like Tonka toys and have my own sandbox for grownups. I'd be happier than a pig in dooky!
It depends. A small winning needs to be handled carefully to insure future wealth.
But lots of money? I would be a damn fool because it wouldn't really matter what I did anyway. I would just do absurd things, especially if nobody knew about it.
I imagine if you had enough money and people working for you, you could show up to work every day in some elaborate and entertaining way until you got fired.
-repelling from a helicopter in full tactical gear
-riding an elephant, or a camel, or a horse drawn cart
-On a parade float with a small parade and band
I would say and do stupid things all day, ridiculous antics... honestly I'd probably be on the fringe of being considered unstable.
I wouldn't do it to be malicious or anything, it would just be for entertainment value.
Once I got tired of doing ludicrous things, or in between doing them I would probably divide my time between worthwhile volunteer organizations (maybe even start something) and hobbies.
So you're saying you want to be Richard Branson?
Move to Monaco where everyone has money like that, then you won't stand out and be annoyed!
As others have stated it would depend on the amount of money.
Plans would be to pay off parents debt and set aside money in trust accounts for them to live off of comfortably. Help out siblings and my nieces/nephews with their college and some debt. I would also help out my uncle and set him up comfortably. As for me?
Buy some acreage, small-ish house (3-4 bed), decent sized shop, Couple of 03/04 cobra's (specifically Mooch's and Tarheeltrooper's) and a DD (Duramax or Cummins). I would buy a 379 Pete, customized the way I envisioned a dream once with a Cattle Pot trailer. Set money into business and personal accounts and do some real estate investments. Probably do stocks/bonds as well.
Then I would just go cross country to truck shows and make runs hauling cattle for fun then sell equipment part time to keep myself busy when I don't want to drive.
Nothing extravagant as I'm not the type of guy to flaunt money. Just simple things to live comfortably yet I would still want to work, as dumb as that sounds
I would likely buy a badass rv, pay off my house, sell it, move out to Utah, Montana, Idaho, etc area. From there, give each family member a mil (assuming I hit the big jackpot). Then I would raise my son while starting a business in my new town. Once he left the house, I would proceed to travel the country in the rv and take a motorcycle with me and just see things and not have a worry in the world. Also would take a couple cruises. A lot of what is left, I would give to charities (US based only, and mostly veterans and children) and hand down some to my son.
At least that's how I feel at this moment. Also maybe invest in a few different technology and energy companies at the start.