1. Finally put myself through college. Seriously. 2. See the suit in my signature? Yeah, more of those things. High quality jobs that'd run me $5,000+. At least 10 of them. 3. Buy a modest house (most likely somewhere not in Central PA) and car. 4. Invest what's left.
Pay off my meager CC debt, pay off my parents' buy a house for me and them here in Fresno, get an apartment in Wrigleyville + season tickets (as well as Bulls tix) and an apartment/house in KC and hook up the the biggest, best tailgaiters there for football season. And buy a couple of cars. 5 million is a pretty low lotto number though.
They want to deliver vast amounts of information over the internet. And again, the internet is not something you just dump something on. It's not a truck.
Well, after I'd paid my taxes and gien my 10% tithe to my church, I figure that after a 5 Mil Lotto win, I am at about no more than 3 million. First thing I am going to do is finish paying off my house - it's my only debt, but it's peanuts, less than 50k. I am funding both my regular and roth IRAs for that year and putting away a couple hundred K to fund at least the Roth for a few years. I'd also put away around a 100K for the kid's college fund (we already have a lot, so I probably don't need that much)
Ok, fun stuff. I would buy a car. I haven't had a brand new car in like 20 years, so I think I would like either a HHC or maybe a nice hybrid - I like the HHC and also the Dodge whatcha call ir - similar in body style to the HHC - old school.
I'd consider a house move - our neighborhood is certainly not on the upward swing - but I do like our house. But, for the right house and location, I would be willing to move.
Get a few toys: TIVO, Big Screen TV, one of those killer grills.
And whatever the wife wants.
Sounds like fantasy fun. But I believe you gotta play to win, and unless one of the guys comes around the office and says "we're all pitching in a buck for the $200 Million Lotto", I don't play.
We'll be back right after order has been restored here in the Omni Center.
I brought this thread up to my wife to see what she would say. Her response was to calculate how much money it would take to support us at our current level until we were each a hundred years old.
That came out to around 6 million, so her decision was to put the entirety of our winnings into a savings account and leave it there. I pointed out to her that this was the least fun answer possible, but she remained unshaken.
But let's say we get some treats first.
If I won it today, like right now, I think that the first thing I would buy would be a nyckelharpa (en.wikipedia.org), which is a sort of Swedish fiddle with 16 strings and keys instead of frets. It runs around $2000.
Then we'd go to Tokyo Disneyland. (I would probably leave the nyckelharpa at home.)
Last 5 movies seen: V for Vendetta - The Devil Wears Prada - Tsotsi - Rivers and Tides: Andy Goldsworthy Working With Time - Tristram Shandy: A Cock and Bull Story
Although I would probably follow pretty much the same track as everyone else, my very first purchase (after tithing) would be a house. We are currently living in my Mom's house and it would be so nice to have a place of our own. On a side note, I have to say I am jealous of a few people on here who have little or no debt. Definitely the way to go.
The first thing I would do is buy the farm back for my parents that I grew up on (they sold it in '93). I miss that farm. Then I'd start my own car detailing service, with just me being the only employee and work whenever I want.
I voiced some of my opinions on this topic several years ago (The W). The only thing I'd add now is that they get slightly more palatable the further out you get from your graduation. Of course, your mileage may vary. Tim