What's new
By:

What Would You Do if You Won $100,000,000?

Create a scholarship foundation for my kids, nieces, nephews, and their descendents. A separate foundation for investing in businesses, and one for taking care of my kids who aren't able to work productively.

Quit the day job. As much as I love to teach, Wes is probably right, so I might quit the night job.

Publish a board game or two.

Set aside for retirement.

Donate within the local communities, especially East St. Louis.
 
Buy Jazzfanz and ban all the asshats.

I'd also completely restore my 65 pony. Probably buy a few more and have them restored as well.
 
Last edited:
same **** im doing rn. Nothing typifies the american dream like some old fool sitting on his porch sippin budweiser hoping to hit the lotto.
 
I understand a lot of people suggesting they would quit their jobs, but I'm not sure I personally would be happy with that life. If I quit my job, it would only be to open my own small business. There are some seriously rich and miserable people out there, who lack a sense of purpose.

I would donate to a local Boys & Girls Club.
I'd like to start some sort of foundation for young entrepreneurs.
I'd pay off all my family member's mortgages (or buy them a modest home).
Similar to OneBrow, I'd like to get involved in the board game industry. Try to design or publish a board game.

A friend of mine benefited from some type of trust that his grandparents set up before they died. They basically have a portfolio that future generations can borrow from to buy a home, interest free (repayment over 15 years). I'd like to set up something like that for my family.
 
Dumping that much even into a CD-like interest rate at 2.5% nets you an additional $2.5m a year. You wouldn't even need to touch your nest egg.

I would stop working my job just to cut down on stress, but would need to start taking up some hobbies to not get bored. Would dedicate myself more to exercise and lose some stubborn pounds. Would do some travelling and some nice checks to charity. Trusts for the kids to keep them honest but well-set up for their kids and grandkids.

I wouldn't buy a lot of toys - a cabin somewhere around Bear Lake maybe, some jetskis. I don't want extravagant cars as they'll just attract attention from teenagers who will key them just to say they keyed a Lambo. Maybe buy an Acura or Audi or a Honda Pilot for the wife.

And season tickets for the Jazz as close as I can get.

This does beg the question though if anyone on the forum would ever want to do shared Powerball tickets and we could all split fortunes.
 
If I won the lottery and suddenly had $100M (after taxes, etc.) I would:

1. First thing I would do is hire a personal assistant. There are going to be a lot of things to arrange (lawyers, realtors, employee interviews, vacations, security adviser, financial manager, charitable contributions, etc.) and having someone to handle all the hassle would let me enjoy those experiences.

2. Next I would hire employees to help me free up my time from the stuff I don't enjoy (Maid, grounds keeper, personal trainer, part-time cook).

3. I would of course make real-estate purchases for me to enjoy:
1) Nice house in Cache Valley (love that place and would spend ~$1M)
2) apartment by SLC temple for when I want to come to the city for Jazz games, flights, concerts, Christmas lights, etc. (~$2M)
3) 1,000+ acres in the mountains for hunting/fishing and to set up a nature preserve for approved public use ($5M-$20M, including a trust for maintenance).

4. At some point I would set up trust for my posterity with earnings distributed as follows:
25% reinvested in the trust.
25% available to any of my descendants for mental health counseling and student loans with interest equal to inflation (capped at some amount). Failure to repay student loans would result in loss of eligibility for descendants from the person who failed to pay.
50% to be shared equally among any of my children that are contributing to society and not bring shame on the family (no sleeping with the maid, serious crimes, etc.). After all my children have died, these earnings are included with the self-improvement portion of earnings (mental health & student loans).

5. Find a charity or cause that I can dedicate my time to. My wife last night said she would love to oversee an organization to help pregnant teens who would like to give their child for adoption. She would provide medical care, room & board, and help the girls through the adoption process. She also thought it would be important to help the girls graduate high school and place them in good jobs.

6. I wouldn't give ANY money to family, but every year I would invite the entire extended family on a nice vacation (Disney land, Beach house, Cruise, etc.). Thinking about it, I would probably offer to pay for my niece's/nephew's college (as long as they didn't do anything to piss me off like drive drunk or cheer for Lakers).

7. I would do things with the kids. Walk the Appalachian trail, sail the Mediterranean for a month on in an actual sail boat, hunt men in New Ginnea... you know, family time!
 
checkbookdoc said:
If I won the lottery and suddenly had $100M (after taxes, etc.) I would:

1. First thing I would do is hire a personal assistant. There are going to be a lot of things to arrange (lawyers, realtors, employee interviews, vacations, security adviser, financial manager, charitable contributions, etc.) and having someone to handle all the hassle would let me enjoy those experiences.

2. Next I would hire employees to help me free up my time from the stuff I don't enjoy (Maid, grounds keeper, personal trainer, part-time cook).

3. I would of course make real-estate purchases for me to enjoy:
1) Nice house in Cache Valley (love that place and would spend ~$1M)
2) apartment by SLC temple for when I want to come to the city for Jazz games, flights, concerts, Christmas lights, etc. (~$2M)
3) 1,000+ acres in the mountains for hunting/fishing and to set up a nature preserve for approved public use ($5M-$20M, including a trust for maintenance).

4. At some point I would set up trust for my posterity with earnings distributed as follows:
25% reinvested in the trust.
25% available to any of my descendants for mental health counseling and student loans with interest equal to inflation (capped at some amount). Failure to repay student loans would result in loss of eligibility for descendants from the person who failed to pay.
50% to be shared equally among any of my children that are contributing to society and not bring shame on the family (no sleeping with the maid, serious crimes, etc.). After all my children have died, these earnings are included with the self-improvement portion of earnings (mental health & student loans).

5. Find a charity or cause that I can dedicate my time to. My wife last night said she would love to oversee an organization to help pregnant teens who would like to give their child for adoption. She would provide medical care, room & board, and help the girls through the adoption process. She also thought it would be important to help the girls graduate high school and place them in good jobs.

6. I wouldn't give ANY money to family, but every year I would invite the entire extended family on a nice vacation (Disney land, Beach house, Cruise, etc.). Thinking about it, I would probably offer to pay for my niece's/nephew's college (as long as they didn't do anything to piss me off like drive drunk or cheer for Lakers).

7. I would do things with the kids. Walk the Appalachian trail, sail the Mediterranean for a month on in an actual sail boat, hunt men in New Ginnea... you know, family time!
Click to expand...

This is something I've thought about. I heard of an NBA player that sent everyone in his family a check when he hit it big. Basically said "here is some money... this is it... I've shared... don't ask me for nuthin… don't ask me to invest in nuthin" in nicer legal terms. I'd absolutely do something like that for brothers and sisters and my wife's family.

Breaking off a chunk for them with the caveat that I'm not investing or providing anything else is a nice way to take care of them. Essentially its a buyout.
 
AlaskanAssassin said:
I understand a lot of people suggesting they would quit their jobs, but I'm not sure I personally would be happy with that life. If I quit my job, it would only be to open my own small business. There are some seriously rich and miserable people out there, who lack a sense of purpose.

I would donate to a local Boys & Girls Club.
I'd like to start some sort of foundation for young entrepreneurs.
I'd pay off all my family member's mortgages (or buy them a modest home).
Similar to OneBrow, I'd like to get involved in the board game industry. Try to design or publish a board game.

A friend of mine benefited from some type of trust that his grandparents set up before they died. They basically have a portfolio that future generations can borrow from to buy a home, interest free (repayment over 15 years). I'd like to set up something like that for my family.
Click to expand...

Like I said, I quit my job. I love what I do, but not enough to keep working. I recognize I’d need something to occupy myself. That’s why I’d “work” in some way to benefit society. Something philanthropic or humanitarian. With the caveat that I’m only there like two weeks a month or so. I guess it would be more along the lines of sitting on boards of a couple charities/foundations.


Sent from my iPhone using JazzFanz mobile app
 
You must log in or register to reply here.

Share this page
Back
Top