The Powerball lottery is up to $1 billion tonight. If you won it, what would you do?
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Find a reputable institutional advisor who specializes in this sort of thing. Pay off debts. Quit my job. Eventually begin planning some charitable gifts, perhaps even a foundation or something. Make life meaningful that way.
Run off and never be seen again. Maybe live in a bunker idk
you don’t live in a bunker with 500 mil (after taxes), you live in a castle on top of a hill
Only fools take the lump sum
I would spent a lot on lobbyists to promote tax on rich people. Then, pay lobbyists to promote taxes on financial transactions. Once it is done, gov will have enough money to provide social security, house for homeless, gods education, heath system,… Better that charity, a social state.
Put it in a bank earning 4% interests and live off of it for the rest of my life. Yeah I’m a simple man.
Hire and accountant. Taxes are too complex and most lottery winners are bankrupt in 10-20 years as they fail to budget correctly.
I’d probably pay off my house, upgrade the furnace to a heat pump (something i’m doing with the next bonus anyway) turn the rest over to charities. Though with that much money finding charities that can even accept that much money is hard.
Cut my hours back at work, maybe take a sabbatical spend much more time with my kids, and go to art school. I’m pretty good at it, but it wasn’t in the trailer park cards.
Talk to a major law firm about accepting the prize as anonymously as possible. Take the lump sum -payment to the lawyer team and divide it into thirds. One third goes into a trust that I can direct friends and family to with instructions to offer assistance for major life events, weddings, funerals, education and the like. That way I never have to be the bad guy who says yeah, no.
The second third will get invested into low risk bonds so I have a stable income forever
The final third will become what people normally do with lottery winnings, new home, that kind of stuff
Hide it.
Let’s be a bit more realistic, I won 1 000 000 €. I would donate most of the stuff:
- Transfer 500k € to the National Bank of Ukraine;
- Transfer 70k € to nonprofits in my city;
- 30k € goes to spread the message of FOSS and Linux to Lithuania. That includes:
- Establishing and maintaining a nation-wide open-source social network, primarily targeted for IT
- Funding to FOSS projects in Lithuania (I don’t know any ATM, though)
- 100k € goes to global IT non-profits, such as:
- Wikipedia;
- Lemmy and the Fediverse;
- The Linux Foundation;
- et cetera.
I am left with around 300k € that I’d use for myself.
Non-capital (leisure and hobby) (40k €):
- I’d like to have some free time/make my close friends happy, so ~10k € for that.
- Also, I’d like to travel to Japan, meet ZUN, have some alcohol-free beer with him. 10k € for that.
- 10k € for travelling (leisure) across Europe (incl. attending FOSDEM).
- Knowing myself, I’d really have some mad and stupid ideas appearing in my head, 10k € for that.
Capital/investing (260k €):
- I’d definitely have to buy an accomodation in Kaunas or Vilnius (I hope it’s not Vilnius) if I’d like to continue my career in IT, so 100k € for that.
- Education (in a period of 3 years) (10k €):
- LFCS/LFCE courses
- Advanced mathematics and algorithms courses
- Professional soft skills training
- 10k € is reserved for a black day, unused.
- 15k € of non-profit network infrastructure (hosting FOSS projects) (incl. maintenance for 4 years)
- 15k to have an individual for-profit business.
- Distributed investing (90k €, incl. investor costs)
- 20k is another buffer money for household expenses.
Kaunas or Vilnius (I hope it’s not Vilnius) if I’d like to continue my career in IT, so 100k € for that.
That’s cheap as fuck. Is it even realistic, and then you’re going to go back to work?
I’d really have some mad and stupid ideas appearing in my head, 10k € for that
How are you going to implement any mad ideas when you essentially have to return to your full time job to survive, once giving 5+ years of salary to Ukraine? Absolutely terrible plan here.
A better plan (in my opinon only) would be to buy the properlty you want, or put the whole 1m in a pension index fund, then immediately retire, taking a 50k per year salary for life (well based on historical average stock market return). Then living in people’s air bnb’s across Europe and Japan contributing to FOSS projects. 50k per year will pay for education, allow you to pay into charities and make FOSS donations depending on how you live.
once giving 5+ years of salary to Ukraine?
We have much smaller purchasing power here. Programmers’ salaries for Junior Developer are at around 20k to 30k a year in Lithuania and up to 50k a year for Senior developers, and this is only if you are really lucky.
Keep playing to get more rich.
Most professional gamblers quit just before a big victory. I won’t make that mistake.
I think you’re right. I’ll put my whole welfare check on powerball tonight.
Have you considered a payday loan so you could buy for next months welfare check as well? Don’t want to miss out for sure.
THIS is the right answer. So many idiots in this thread.
Disappear and never be heard from again.
Pay off my house, pay off close friends and family houses, buy a bunch of land, buy cool cars, travel.
Pay off all my and my immediate family’s debt. Renovate my parents home or get them a new one, give my sister a nice home wherever she wants, buy myself a new, basic vehicle for my commute, and get a nice place for myself close to my work. I’d also start my own creative studio to work on the game I’ve been making. And, also try to put my excess money to good use by trying to help out people with housing issues and health problems. All while keeping the fortune a secret.
I don’t wanna remain a millionaire.
I mean, with luck like that, I’d buy a lotto ticket
Piss off the mortgage first, then sit for a bit and think about the rest.
