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JoePhilly

(27,787 posts)

10. You definitely want to lock it all down quickly.

Reply to SummerSnow (Original post)

Mon Jan 11, 2016, 06:47 PM

Jan 2016

To ensure you don't blow it all immediately.

So after paying off any existing debts, I'd figure out my new yearly salary. It's the money I pay me to put the rest of it "to work".

Then 2,5, 6. With trusts for nieces, nephews.

Then I'd look to buy into existing businesses. Might do this to help friends.

Then set up a charitable nonprofit that would become self sustaining.

But, all of it needs to be "engaged" so I can't just blow it all.

Then, my personal Salary is just for me. Create a budget, even if it's lots of money, and use that to travel, take some silly financial risks, do interesting things.

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Highlight:

If you hit the big lottery name seven things you would do. [View all] SummerSnow Jan 2016 OP

Buy ryan_cats Jan 2016 #1

Gold is so gaudy though Cassiopeia Jan 2016 #21

Dedicate 200 million to buy needed school books/tablets for inner city school kids. randys1 Jan 2016 #2

to start SickOfTheOnePct Jan 2016 #3

Can I stick my nose in your business for a moment? RandySF Jan 2016 #42

Good point SickOfTheOnePct Jan 2016 #44

And the same thing happens with parochial school RandySF Jan 2016 #47

Good idea! SickOfTheOnePct Jan 2016 #48

I love all of yours! yeoman6987 Jan 2016 #79

I would do all but #5! imanamerican63 Jan 2016 #4

I would: onecaliberal Jan 2016 #5

I would invest in my community/state fredamae Jan 2016 #6

All of the above, plus Qutzupalotl Jan 2016 #7

amen SummerSnow Jan 2016 #8

Hm. REP Jan 2016 #9

You definitely want to lock it all down quickly. JoePhilly Jan 2016 #10

First I'd do the following things: The Velveteen Ocelot Jan 2016 #11

You can shield your identity if you know how Gothmog Jan 2016 #36

I'm not in TX so I don't know whether that would apply to me, The Velveteen Ocelot Jan 2016 #38

Some states allow you to not disclose your identity Gothmog Jan 2016 #52

I would definitely do your 1-5 and then your smirkymonkey Jan 2016 #45

You will most likely be sharing the jackpot. Snobblevitch Jan 2016 #71

I have a very common surname. The Velveteen Ocelot Jan 2016 #76

My last name is uncommon. Snobblevitch Jan 2016 #83

Disappear! B Calm Jan 2016 #12

Ditto nt a la izquierda Jan 2016 #33

My list 1939 Jan 2016 #13

I would set up a charity mercuryblues Jan 2016 #14

I would do this: Initech Jan 2016 #15

hire a financial advisor onethatcares Jan 2016 #16

Hire Trump???? imanamerican63 Jan 2016 #17

no, he's a buffoon onethatcares Jan 2016 #20

Just an idea! imanamerican63 Jan 2016 #24

well, maybe onethatcares Jan 2016 #41

Well said! imanamerican63 Jan 2016 #43

Set up a registration lancer78 Jan 2016 #18

Moble Vet Care for the homeless peoples' pets irisblue Jan 2016 #19

Pretty much the same as your list. opiate69 Jan 2016 #22

Buy the most luxurious high rise in the most uppity part of NY Cassiopeia Jan 2016 #23

Hopefully next door to Trump! B Calm Jan 2016 #30

I would... cascadiance Jan 2016 #25

Secure the winning ticket in a safe deposit box. yellowcanine Jan 2016 #26

1) Start my church Vincardog Jan 2016 #27

Same thing I always do when I have a winning ticket Shrek Jan 2016 #28

start a non profit business handmade34 Jan 2016 #29

Give most of it away Lurks Often Jan 2016 #31

I'd chose getting my winnings in a 30 year annuity and here is my list Kaleva Jan 2016 #32

The annuity is a pretty terrible idea. There's a reason why none take it. Xithras Jan 2016 #60

Buy myself a politician or two dmr Jan 2016 #34

#1 Set up an LLC for anonymity JustAnotherGen Jan 2016 #35

Take half to the casino and put in on red. safeinOhio Jan 2016 #37

With that much money, I could afford to be extravagant! TexasMommaWithAHat Jan 2016 #39

1 Retire RandySF Jan 2016 #40

Easy angrychair Jan 2016 #46

there's a school here d_r Jan 2016 #49

1. Breathe. pnwmom Jan 2016 #50

1. Change my phone number. cherokeeprogressive Jan 2016 #51

Seven Things I will do when I win the lottery: Hiraeth Jan 2016 #53

The local community college is in rough shape. JonathanRackham Jan 2016 #54

I would love to fill a backpack with 10k stacks and hand it out randomly notadmblnd Jan 2016 #55

MY 2 dollar fantasy.... dembotoz Jan 2016 #56

After initial consultations with... TreasonousBastard Jan 2016 #57

1. Buy a nice house in the San Diego area with indoor pool. cpwm17 Jan 2016 #58

Thanks for the question, I was very happy to read the responses. Kalidurga Jan 2016 #59

Create affordable housing in the Bay Area. KamaAina Jan 2016 #61

Donate $100 mil to animal shelters in need Submariner Jan 2016 #62

I would... justiceischeap Jan 2016 #63

Nursing home? Snobblevitch Jan 2016 #81

Because I don't like my parents? justiceischeap Jan 2016 #90

I would... Holly_Hobby Jan 2016 #64

I would... MohRokTah Jan 2016 #65

I'm not playing the lottery, but just for the sake of conversation bhikkhu Jan 2016 #66

I'll tell you what I'd do Roy Ellefson Jan 2016 #67

Not all chicks dig a guy with money Not Sure Jan 2016 #74

If I won it's be a miracle since I have never bought a ticket - but I will play csziggy Jan 2016 #68

So fun: phylny Jan 2016 #69

I would buy a truckload... Not Sure Jan 2016 #70

I would: Reter Jan 2016 #72

1. Buy a modest place in Maui. lovemydog Jan 2016 #73

BUY THE DEMOCRATIC UNDERGROUND FROM SKINNER AND BAN ALL MY ENEMIES HAHAHAHAHAHAHA Warren DeMontague Jan 2016 #75

Mine hobbit709 Jan 2016 #77

Only 1 thing. Divide it in 6 amd give it to my kids. I have virgogal Jan 2016 #78

Keep 10 million. Give the rest to Bernie Sanders. BlueJazz Jan 2016 #80

i have a small family Calista241 Jan 2016 #82

I am not much for lists, Snobblevitch Jan 2016 #84

I would... JEB Jan 2016 #85

I'd outbid the Koch boys on buying congressmen Warpy Jan 2016 #86

Most of the above, except OnionPatch Jan 2016 #87

Buy one of these ? eppur_se_muova Jan 2016 #88

here's mine craigmatic Jan 2016 #89