Yes, this is all obviously very hypothetical as I doubt any of us even personally know anyone that's won a large lottery. But if you were to win a few million bucks, how much do you think you'd give to your good friends and family? I think I'd personally feel pretty guilty if I didn't give at least half to the old folks, but I suppose that's dependent on how much you love/hate your parents. Naturally I am implying the amount of winnings left after you buy the mansion next to JLo, a 200-foot plasma HDTV, and every game and system ever made. I figure I'd give my close friends a million a piece, if just to say I made all my buddies technically millionaires. Sometimes it's nice to dream while you're stuck at work earning peanuts per hour...
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If you won the lottery, how would you disperse the winnings amongst friends/family?
- Thread starter tedtropy
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ManDudeChild
Member
demi said:
<==== plus eat pie, is what I'd do.
How much are we talking about here? If i were to win around 125 million i would give the first five people that i would put 5 million into charity and take 20 million and put it into stocks bonds and other assets. Then i would take the 100 million and give 10 million to myself, 20 million to a girl and her mother, 30 million to my three family members. And maybe another 40 million to start a buisness or buy into a buisness, i've always wanted to own a small chain of Subways and Starbucks.
CurlySaysX
Banned
I wouldn't, I would keep all the winnings to myself.
In fact, i wouldn't tell anyone that I have won the lottery.
In fact, i wouldn't tell anyone that I have won the lottery.
Do The Mario
Unconfirmed Member
Probably make sure my parents are set then I would take my close friends of vacation and thats it.
Do The Mario said:
I figure if, nothing else, I'd help all my family and friends pay off their houses and vechicles. Just so they could probably turn around and finance some more crap they couldn't afford. TEH STUPID BASTARDS, THEY D0N'T DESERVE MY MOOONEY!
shoplifter
Member
I'd probably pay off mortgages and bills, and buy them something really nice. Do the same for close friends, and invest a good portion of it. Put a lot in the bank and live off of the interest.
I don't think I could flat out 'give' my family money, because they wouldn't take it.
I don't think I could flat out 'give' my family money, because they wouldn't take it.
Assuming it's the big one in the millions, I would open a hefty bank account for all of my closest relatives, like mother, grandma, uncle and aunt, then probably give a bit of money to my girlfriend's folks, put the rest on the bank at my name so it gains intrests, then get a gym bag with $25,000 and disappear for 2 weeks.
V
Vennt
Unconfirmed Member
As an unfashionable socialist with some extreme-left tendenacies, I'd probably give nearly all of it away, splitting it into:
30% Family & Friends (excluding Brother)
25% Charity
20% Self & Significant Other
15% Brother
10% Trust fund for Son
It's the only way I think I could ever get a full nights sleep. :/
30% Family & Friends (excluding Brother)
25% Charity
20% Self & Significant Other
15% Brother
10% Trust fund for Son
It's the only way I think I could ever get a full nights sleep. :/
Alex Anderson
Member
Assuming that a "few million" means $3,000,000 after all taxes have been taken out...
Let's see. I have no debts and my family is well off financially. At the drop of a hat I would give my dad $1,000,000 if it would mean he could retire and enjoy a leisurely life (goodness knows I owe my p-rents every last cent probably), but he's a workaholic and loves his job. I think he enjoys working a long day and then coming home to unwind and starting the whole process again the next day. I don't remember a single day where he just sat around and watched TV all day or didn't leave the house. I don't think he'd want a cent of the money, because he'd want me to use it to provide myself with a stable future. -$0 to Dad.
I have two nieces, both of which I would demand paying through college. Let's overestimate (who knows how much college tuition will cost in 15-18 years) and say -$180,000 to nieces. They can just keep what's leftover. Whatever. $2,820,000 remaining.
Friends? $0 to friends. You're my friend for reasons other than the size of my bank account. I wouldn't be expected to be handed money if a close friend won $3,000,000 from the lottery. I'd want them to use it the same way I would -- don't blow it, and invest it in the future.
...But that doesn't mean you can't have a little FUN FUND set aside. I'd put $500,000 in an account that I'd use to just spend at will on frivolous items. DVDs, games, trips and the like. That's $16,667 a year for 30 years to just spend on crap like an HDTV, a home theater system, 4-player Daytona USA 2 cabinets.... Down to $2,320,000. If I ever decided to bestow luxurious gifts upon anyone, the cost would come out of the FUN FUND.
I plan on living for the next 55 years. Let's give myself a $30,000 a year living allowance. 401k plan? Try the 1650k plan. Down to $670,000. Let's keep that in an emergency fund. Who knows when a family member or a me will need money for medical expenses. Money all gone!
We done? Yep. So I only gave away $180,000 of my winnings? Sounds pretty assholish, but I don't think you can frivolously give to someone else when the money would best be spent on the comfort of living for your immediate family (I hope to marry and reproduce someday!).
If a family member or friend needed help financially, to pay the rent or was about to get kicked out of their house, of course I'd lend them a hand.
Let's see. I have no debts and my family is well off financially. At the drop of a hat I would give my dad $1,000,000 if it would mean he could retire and enjoy a leisurely life (goodness knows I owe my p-rents every last cent probably
), but he's a workaholic and loves his job. I think he enjoys working a long day and then coming home to unwind and starting the whole process again the next day. I don't remember a single day where he just sat around and watched TV all day or didn't leave the house. I don't think he'd want a cent of the money, because he'd want me to use it to provide myself with a stable future. -$0 to Dad.I have two nieces, both of which I would demand paying through college. Let's overestimate (who knows how much college tuition will cost in 15-18 years) and say -$180,000 to nieces. They can just keep what's leftover. Whatever. $2,820,000 remaining.
Friends? $0 to friends. You're my friend for reasons other than the size of my bank account. I wouldn't be expected to be handed money if a close friend won $3,000,000 from the lottery. I'd want them to use it the same way I would -- don't blow it, and invest it in the future.
...But that doesn't mean you can't have a little FUN FUND set aside
. I'd put $500,000 in an account that I'd use to just spend at will on frivolous items. DVDs, games, trips and the like. That's $16,667 a year for 30 years to just spend on crap like an HDTV, a home theater system, 4-player Daytona USA 2 cabinets.... Down to $2,320,000. If I ever decided to bestow luxurious gifts upon anyone, the cost would come out of the FUN FUND.I plan on living for the next 55 years. Let's give myself a $30,000 a year living allowance. 401k plan? Try the 1650k plan. Down to $670,000. Let's keep that in an emergency fund. Who knows when a family member or a me will need money for medical expenses. Money all gone!
We done? Yep. So I only gave away $180,000 of my winnings? Sounds pretty assholish, but I don't think you can frivolously give to someone else when the money would best be spent on the comfort of living for your immediate family (I hope to marry and reproduce someday!).
If a family member or friend needed help financially, to pay the rent or was about to get kicked out of their house, of course I'd lend them a hand.
Freeburn said:
Yeah, I've always felt having an excessive quantity of money would lessen the appreciation we have for many of our other fortunes in life and, therein, reduce the quality of life in general. What's the point of having money if you can't use it to make others happy? I say that now, but I were to actually win that type of money my attitude would probably suddenly shift to "it's mine you fuckers AH HAHAHAHAHA <runs>".
Pennsylvania's Power Ball lottery is up to 175 million or so for the next drawing.
If I won that, I have no idea what I'd do with myself. After taxes, you're left with what, 100 million? Maybe I'd put the money away until I finished college and I could start up my own game development house.
As for friends, they'd get nothing.
As for family, we just bought a house, so that's out of the question. Maybe nice cars?
If I won that, I have no idea what I'd do with myself. After taxes, you're left with what, 100 million? Maybe I'd put the money away until I finished college and I could start up my own game development house.
As for friends, they'd get nothing.
As for family, we just bought a house, so that's out of the question. Maybe nice cars?
Howlin' Mad
Member
Get a lawyer or give the money in a secret meeting in another country. There's a lot of tax consequences for gifts / prizes, once you go over $10,000.
Forgotten Ancient
Banned
I've thought about this many times in the past.
It really all depends on the amount of money. If I only get a million, I will likely not give anybody any money. Instead, I'd pay off a portion of my parent's debt and make sure my youngest brother is able to go through college. I'd take about 100k out and throw that into savings (this would be my money to work with alongside living a normal working life) while I'd invest the rest.
If I won 100 million (after taxes) - I'd give each close friend a million dollars, my parents a million, and my brother 5 million. Then, I'd move to Brazil.
It really all depends on the amount of money. If I only get a million, I will likely not give anybody any money. Instead, I'd pay off a portion of my parent's debt and make sure my youngest brother is able to go through college. I'd take about 100k out and throw that into savings (this would be my money to work with alongside living a normal working life) while I'd invest the rest.
If I won 100 million (after taxes) - I'd give each close friend a million dollars, my parents a million, and my brother 5 million. Then, I'd move to Brazil.
You are all wrong with your answers. Your life would be changed forever and you would be the most unhappy for a long time to come. For example, look at the guy from New York City who won the Mega Millions jackpot three weeks ago. He only had .074$ in the bank and was in debt $47,000 dollars. Since winning the jackpot, he's complaining about family members, people off the street, his wife divorcing him, and many other countless problems, he's having been rich. Now he's hiding out in a hotel room in lower manhattan trying to get away from it all.
McLesterolBeast
Member
My best friends family won a quarter million. Didn't end up getting very far with it. They bought a new grand cherokee, refinished a few rooms and gave some to family members i think. Plus they paid off the mortgage.
If i won, my life wouldnt change much. I'd just stress less over getting the things i already get... and of course, get a new car and buy a condo. The rest would be invested with what i've already got and would be interchangable with my parents accounts. Our accounts already are partially interchangable... a fair amount of their investments are in my name for tax purposes.
If i won, my life wouldnt change much. I'd just stress less over getting the things i already get... and of course, get a new car and buy a condo. The rest would be invested with what i've already got and would be interchangable with my parents accounts. Our accounts already are partially interchangable... a fair amount of their investments are in my name for tax purposes.
Hmm, let's see...
If I won $3M post-tax, it'd be distributed like so:
Parents: $500K
Sister: $300K
2 best friends: $50K each
3 other very close friends: $25K each
My grandparents are well-off enough, and besides wouldn't take any money I offered anyway. That would leave me with ~$2M to myself, which I would invest and live off the returns or maybe just put in a CD and collect interest (which would be around $75-80K/year). I'd continue pursuing a career, though.
Now, with $100M post-tax, it's much different.
Parents: $15-20M (they'd probably only take $2-4M though, if that)
Sister: $15M (she'd take the whole $15M, el cheapo herself)
2 best friends: $5M each
3 close friends: $3.3M each
With the remaining $45M, I'd buy a couple of ~$2-3M homes, a few cars, and invest the rest, using the interest/returns (~$1.5M/year) to pay for the property taxes/utilities etc. for the homes (which would be around $300-400K/year). I'd then allow myself $500K/year cash from the dividends and probably give the rest (~$650K/year) to various charities each year for the rest of my life. When I died, of the $45M that was giving me interest all those years, I'd give $15M to my (2) children ($7.5M each), plus they'd each get one of the houses. The other $30M or so would go to charity.
I'd also give pretty much everyone I'm acquainted with (former coworkers, classmates, neighborhood friends, select GA'ers etc.) $20K or so, but that doesn't really make much of a dent in the $100M, so I didn't mention it.
If I won $3M post-tax, it'd be distributed like so:
Parents: $500K
Sister: $300K
2 best friends: $50K each
3 other very close friends: $25K each
My grandparents are well-off enough, and besides wouldn't take any money I offered anyway. That would leave me with ~$2M to myself, which I would invest and live off the returns or maybe just put in a CD and collect interest (which would be around $75-80K/year). I'd continue pursuing a career, though.
Now, with $100M post-tax, it's much different.
Parents: $15-20M (they'd probably only take $2-4M though, if that)
Sister: $15M (she'd take the whole $15M, el cheapo herself
)2 best friends: $5M each
3 close friends: $3.3M each
With the remaining $45M, I'd buy a couple of ~$2-3M homes, a few cars, and invest the rest, using the interest/returns (~$1.5M/year) to pay for the property taxes/utilities etc. for the homes (which would be around $300-400K/year). I'd then allow myself $500K/year cash from the dividends and probably give the rest (~$650K/year) to various charities each year for the rest of my life. When I died, of the $45M that was giving me interest all those years, I'd give $15M to my (2) children ($7.5M each), plus they'd each get one of the houses. The other $30M or so would go to charity.
I'd also give pretty much everyone I'm acquainted with (former coworkers, classmates, neighborhood friends, select GA'ers
etc.) $20K or so, but that doesn't really make much of a dent in the $100M, so I didn't mention it. evil solrac v3.0
Member
i would finance a small "security" company that would go to any "hot" spots around the world to uh..."take care of bussines"...... oh!!! YOU MEAN FRIENDS AND FAMILY!? depends on how much money i won. let's see......
mother/father :25% (and make them invest it)
brothers: 20% (invest, invest)
best friend(s) : 5-10% (damn well better you know what.)
and pay off all their debts.
rest of family: havent decided, and the rest would be for little old me. (hire a hit man to either teach me how to rub out potential suitors of girls that i like or how to black mail people)
mother/father :25% (and make them invest it)
brothers: 20% (invest, invest)
best friend(s) : 5-10% (damn well better you know what.)
and pay off all their debts.
rest of family: havent decided, and the rest would be for little old me. (hire a hit man to either teach me how to rub out potential suitors of girls that i like or how to black mail people)
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