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ndvsne1 asked in Business & FinanceInvesting · 1 decade ago

What would you do with a 20 million dollar lottery winning? ?

Just asking to see responses.

15 Answers

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  • 1 decade ago
    Favorite Answer

    Since I don't play I guess I would have to give it back.

  • ?
    Lv 6
    1 decade ago

    I would pay my debts off, build a nice little house with about four rooms here (so I can move my daughter out of the dump we live in now), help my grandparents' pay off my late aunt's death so that they can live the rest of their retirement in peace away from those scumbag debt collectors, buy my mother a little house to get her back on her feet, and put aside money for my daughter and my pets so that if something happens to me, there would be money to take care of them (and money for my daughter so she could go to college worry free!).

    Then I would donate to my favorite charities to help out animals and children. It would be in the form of a trust or something where the organization could take the interest each year, but the original deposit would remain...that way it would be a yearly donation that would never run out. If I could find a way to get an old apartment or hotel building and convert it to a homeless shelter that isn't a typical shelter, I would. That way, people who are really in need of getting back on their feet would have a stable address to make it possible to get a job). The only requirement to living there would be that they look for work, and that they help out with keeping the place running when they can (which, if you think about it helps them by giving them new job skills). That might sound tacky, but I know a lot of homeless people who would consider any less than that to be charity, and they would refuse...

    Whatever is left would go into a money market account, and I would use the interest to pay utilities and whatnot. I'm the type that would probably end up having to work anyway (I can't stand not having a job), so even though I'd quit my present job, I'd still have to have another job, which would give me a little that would be for the extras in life...

  • 1 decade ago

    Pay off my past-dues first, then help my daughter out with her college tuition. A few of my friends could use a helping hand too, with the economy in the state it is, I would do what I could for them as well. After that, I would be making donations to local homeless shelters as well as volunteering my time there.

    I don't need anything that I don't already have, except health insurance, so that would probably be on my list also.

  • 1 decade ago

    I will spend all the dollars in a Single Day- to Helps to poor, orphan, oldage homes, Schools, will purchase books to distribute poor students, etc.

    20 million dollar are not ENOUGH

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  • 1 decade ago

    build a house with a few million, get an Aston Martin one-77 (British connections) and buy some other stuff

    pay for university

    buy some shares just as prices start going back up

  • Anonymous
    1 decade ago

    Pay off a house for myself & family & close friends. Go on a holiday, give friends & family money. Invest some to live off. Then with the leftover, set up a charity/Trust that earns money to go toward animal shelters.

  • 1 decade ago

    Taxes would have to be paid off the top and then I would probably have a heart attack and need the money for the surgery.

  • Anonymous
    1 decade ago

    build a really nice hotel for homeless people with 2 to a room on call nurse and fix them up so they can get back on there feet

  • Anonymous
    1 decade ago

    google for HSFX Asset Management , simply the best

    make 3% to 10% monthly out of your capital and what are you waiting for?

  • Anonymous
    1 decade ago

    I don't think I would put it in the stock market just yet. It may start looking like my retirement account.

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