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what if u won?
If you won a million dollars in the lottery what would you do with it??
14 Answers
- Anonymous1 decade agoFavorite Answer
ME AND KENDRA FOREVER
- 1 decade ago
After taxes on it I would pay off all debts/mortgages, and put about $250,000 in some sort of high interest bearing account/investment. I'd buy reliable and efficient vehicles. I'd set aside a certain amount for each of my kids to go toward education, down payment on a house, etc. Maybe $100,000 would be earmarked for that. I might give $50,000 to some charities, etc., but that's "iffy".
I'd keep working until retirement. I enjoy what I do and wouldn't want to sit around and just spend money. That would get old, and a million dollars less the things mentioned above really wouldn't leave all that much to "coast" on. One serious illness with a long stay in the hospital could wipe out a lot, so I'd want to keep my employer-subsidized health coverage.
However, if I won ten million dollars I'd probably resign from my current job, set aside a million or so for medical needs, do all the other things mentioned above, and look into going into some business ventures that required a significant capital investment, like a franchise or something where a great return on the investment was likely and where I could have a significant part in managing the operation(assuming I knew something about it).
As long as we're dreaming we may as well dream big, no?
- Paul HLv 61 decade ago
Invest everything left over after taxes and live comfortably but modestly off of the interest. Even at 5% interest per year, that is $50,000 a year (on the full million dollars) - enough for me to live quite well.
- Anonymous1 decade ago
I'd get on the next plane to Vegas/ live the high life for awhile/ re-coupe in Hawaii/ make a pit stop in the Hampton's-(only in the summer of course) before heading to Miami for the winter-but theres nothing like spending the holidays in NY-so I would be there until New Years.....PS .... i would also take care of everyone i love/ what ever they need-OK so i would need more then mill-let's up it to 50!!! ahhhhh the dream
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- 1 decade ago
I'll splet it in 2 halfs one half for Palestinains and Iraq poor people and for africans and the other half split it into two another halfs one for me and one for my best friends and family.
- 1 decade ago
stop going to school, stop working, and invest most of the money so i could live the rest of my life without having to work for "the man".
- 1 decade ago
diamonds and fast cars money too burn lol
i buy a very nice house invest go for trips pay all my debts up to date and tell them to leave me alone and you watch you have every bank on your doorstep tell them to pissoff
- 1 decade ago
1. car
2. miss singapore girlfriends
3.codo
4.everyday night club
5. everday geylang
6.i wan u also
- Anonymous1 decade ago
I would give most of it to charity, and buy a huge house... and a nice car...