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[Punished Miku]

I'd take 100 million out for myself, and put 400 away to never be touched, and just get invested safely. Not sure how much you could really get from that annually, $40-100k a year, maybe a lot more? I have no idea honestly.

But everything I'd do would be out of the 100 I took out. 10 million would probably be enough to give to family, around 2 million each. Buy a nice house, and car. Then I'd have like .... 89 million to spend slowly on travel while I make a middle class wage doing nothing forever.

 

[Tesseract]

i want capital, adequate asset and liability balances such that i dominate and control the sprawl and greater simulation

a sudden surplus of cash won't do much since i'm not a team player and have no interest in worldly possessions

most or all of my money would go back into the system, business ventures of strong individuals with psychopathic tendencies

 

[YCoCg]

I'd love to do shit like go to my barbers and ask them how much rent is for a year or something, get my normal £20 haircut and then give them the rent amount as a tip.

 

[TaySan]

Move out of AZ..probably live in my homestate(UT) or somewhere out in the west coast and live the rest of my days worry free.

 

[Elektro Demon]

I'd buy a big mansion with a pool and have hookers in that pool 24/7.
I'd buy a Kawasaki H2 and just tour around Europe.
Maybe some expensive tech and that's pretty much it. I'm a simple man.

 

[V2Tommy]

A lot of hilariously bad responses in this thread. A shame hardcore financial literacy isn't taught in most educational systems. Dividend income on large investments is enough money to let you live like a movie star without spending a dime of your capital, so winning the lottery would basically give you unlimited spending cash if you didn't buy things outright.

I remember people making fun of Paris Hilton for having car payments (Lexus LFA), as if rich people just spend all their capital because reasons.

 

[YCoCg]

I'd buy a big mansion with a pool and have hookers in that pool 24/7.
I'd buy a Kawasaki H2 and just tour around Europe.

If you're touring around Europe would you still have hookers in your pool? Maybe you could downgrade it to cheap hookers when you're not there, but make sure the pool is cleaned before you get back and replace them with high class hookers.

 

[Elektro Demon]

If you're touring around Europe would you still have hookers in your pool? Maybe you could downgrade it to cheap hookers when you're not there, but make sure the pool is cleaned before you get back and replace them with high class hookers.

Hoes are only there when I'm there. You know how hoes be, getting tempted to steal something when I'm not there.

 

[YCoCg]

A lot of hilariously bad responses in this thread.

Let people have their fun! Of course with an amount like 500 Million the first thing MANY of us would do is make sure we secure ourselves, shit one of the first things I'd do is load up my pension and get a will sorted, not exciting but extremely needed with that amount of money around. Anything being purchased outright would simply be put on a credit plan (12 months) and taken out of a separate bank account so that way credit score would be covered and glowing. Shit I'd be tempted to go to a bank that do "Guaranteed ISA growth rate" and throw down a large amount and watch them sweat.

 

[V2Tommy]

Let people have their fun! Of course with an amount like 500 Million the first thing MANY of us would do is make sure we secure ourselves, shit one of the first things I'd do is load up my pension and get a will sorted, not exciting but extremely needed with that amount of money around. Anything being purchased outright would simply be put on a credit plan (12 months) and taken out of a separate bank account so that way credit score would be covered and glowing. Shit I'd be tempted to go to a bank that do "Guaranteed ISA growth rate" and throw down a large amount and watch them sweat.

You just proved my point. You care about your credit score after winning the lottery? A savings account? Jesus.

You just sell of a few shares of your ETFs if and when you need to buy something. Any and all income should be coming from investments, never cash.

 

[DKehoe]

Hoes are only there when I'm there. You know how hoes be, getting tempted to steal something when I'm not there.

I'm glad you are back

 

[YCoCg]

You just proved my point. You care about your credit score after winning the lottery? A savings account? Jesus.

You just sell of a few shares of your ETFs if and when you need to buy something. Any and all income should be coming from investments, never cash.

At 500 million you can set your family up for generations easy and still live a lavish life if you so intend, you could legit split it five ways and still be extremely well off whilst throwing the rest into stocks, investments, saving growth accounts, etc. Your advice is great if the winnings were only say 10 to 15 million then yes, make that money work for you and get those numbers up.

 

[AeonGaidenRaiden]

 

[cryptoadam]

I always actually wonder what its like to win the lottery. I mean those first few days.

So you go there, they check your ticket, you sign some paper work then they send you millions of dollars to your bank account that you had a few thousand or whatever in it? Wouldn't your bank be like whats this money? And then how secure is it to keep 500 million in your dinky checking account with no fees? What if something happens to the bank or their is fraud is it insured?

Ok so now I have the money, but lets say I want to go buy a Million dollar ferrari. So I just pay with my debit? I can't even take out more than 400$ from an ATM. Will a 500K purchase go through?

What if I want to buy a mansion, do they look at my last years taxes and laugh at me even though I have 500 Mill sitting in my bank account?

I would say though that feeling you would have for those first few days is probably one of the greatest feelings you could ever have. Maybe the money makes things worse, mo money mo problems. But imagine reading the numbers and knowing that your life financially is secure.

One thing I heard about lotteries is that letting the computer pick your numbers is a scam and basically the computer generated numbers never actually win and its impossible to win that way. The only way to win is choosing your own numbers. But not sure how true that is or if its just an old wives tale.

 

[Punished Miku]

I always actually wonder what its like to win the lottery. I mean those first few days.

So you go there, they check your ticket, you sign some paper work then they send you millions of dollars to your bank account that you had a few thousand or whatever in it? Wouldn't your bank be like whats this money? And then how secure is it to keep 500 million in your dinky checking account with no fees? What if something happens to the bank or their is fraud is it insured?

Ok so now I have the money, but lets say I want to go buy a Million dollar ferrari. So I just pay with my debit? I can't even take out more than 400$ from an ATM. Will a 500K purchase go through?

What if I want to buy a mansion, do they look at my last years taxes and laugh at me even though I have 500 Mill sitting in my bank account?

I think most basic banks only even insure up to $100,000 - $200,000 per account. Probably have to go to some crazy fancy bank, or dozens of banks. Ask this guy I guess, as I have no idea.

 

[Mihos]

So you go there, they check your ticket, you sign some paper work then they send you millions of dollars to your bank account that you had a few thousand or whatever in it? Wouldn't your bank be like whats this money? And then how secure is it to keep 500 million in your dinky checking account with no fees? What if something happens to the bank or their is fraud is it insured?

Banks report all deposits over a certain amount to the IRS, they will look into at and see you won the lottery. They will audit you at the end of the year to make sure you paid your taxes on it. Banks are FDIC insured, so your money is insured by the government if the bank fails.

Ok so now I have the money, but lets say I want to go buy a Million dollar ferrari. So I just pay with my debit? I can't even take out more than 400$ from an ATM. Will a 500K purchase go through?

What if I want to buy a mansion, do they look at my last years taxes and laugh at me even though I have 500 Mill sitting in my bank account?

You write a check in both cases. When it clears, you own it. It's that simple really. They don't look at anything unless you are doing a mortgage... and even with zero credit history, you could still get a mortgage anyway if you wanted. It is called manual underwriting.

 

[Yoshi]

I would be very surprised how I won a lottery I did not partake in. Then I would pay off the house and put the rest of the money in the bank account for worse times or our children. I might buy a 64DD and F-Zero X Expansion Kit.

 

[V2Tommy]

Banks report all deposits over a certain amount to the IRS, they will look into at and see you won the lottery. They will audit you at the end of the year to make sure you paid your taxes on it. Banks are FDIC insured, so your money is insured by the government if the bank fails.

You write a check in both cases. When it clears, you own it. It's that simple really. They don't look at anything unless you are doing a mortgage... and even with zero credit history, you could still get a mortgage anyway if you wanted. It is called manual underwriting.

Another scholar in this thread, doing good work!

 

[V2Tommy]

But imagine reading the numbers and knowing that your life financially is secure.

With a decent job, and investment knowledge, you life WILL be financially secure. That isn't a fantasy you have to reach for, it's merely an education and discipline.

 

[anab0lic36]

I don't see much point in buying a mansion, or multiple mansions as some rich do, with a bunch of space and rooms you will never use. Nor a supercar with an engine you can never legally utilise to its potential outside of a racetrack. You could leave it in the bank or invest to make more money... but why? You have enough already, put it to use, money is a tool that can if used intelligently, make great changes within the world.

So I'd use the bulk of the money on various creative projects, that would make the world a much better place, at least locally. Ideally ending up with my own little tribe/society, that leads by example as to how much better we could all be living.

 

[anab0lic36]

Also, I'd buy a small island, then buy out reset era, ip trace everyone, round them up and ship them over to said island. Battle royale.... last man standing gets a ticket home.

 

[HellforLeather]

I would buy land a build a race track on it with a moderately sized house.

 

[cryptoadam]

With a decent job, and investment knowledge, you life WILL be financially secure. That isn't a fantasy you have to reach for, it's merely an education and discipline.

I meant never having to work or save again secure. There is a difference between knowing you have a good job and if you save you are good to go, and having a ticket in your hand worth 100's of millions of dollars.

You go from saving up to buy a Honda Accord to buying a Bugatti.

Knowing that you can buy anything you want, pay off debts for your friends and family, and that as long as you don't go nuts on the hookers and blow you and your children and grand children are set for life and never have to worry again.

 

[cryptoadam]

I would buy an island as well, then a jet plane. I would then become friends with all the rich and powerful people in the world. I would start traficking women, some of them underage. I would invite all these people to fly around on my plane and call it the lolita express. After that we would go to my island, dubbed Pedo Island where we would have wild sex parties.

Then I would get caught and be assassinated in my jail cell, but I would have the whole world convinced I self suicided. Unfortunatly my ugly skank assitant would still be alive and get caught too. But don't worry she will eventually self suicide as well.

Signed Jeffery Epstein.

 

[UnravelKatharsis]

You just proved my point. You care about your credit score after winning the lottery? A savings account? Jesus.

You just sell of a few shares of your ETFs if and when you need to buy something. Any and all income should be coming from investments, never cash.

Homie, it's a "have fun with this stupid hypothetical" thread. OP didnt ask "what's the one perfect accepted way to handle winning 500 million.

 

[DragoonKain]

The first thing I always think of is how to get my money discreetly so I don’t become a marked man.

 

[West Texas CEO]

The first thing I always think of is how to get my money discreetly so I don’t become a marked man.

I believe that's impossible, but I could be wrong. I thought all major prize winners had to become public record.

Obviously, no one cares if you've won a $2 scratch-off.

 

[NeoIkaruGAF]

First thing, I’d make sure my parents won’t reasonably have money problems for the rest of their lives.

Then I’d keep things as usual for a year or two, but taking significantly more time off from work than now and looking for a good place to settle. Then I’d just say I’m moving, quit my job, and think of something else to do. Not having to rely on your salary for a living means you can try various things without fear of going broke.

I’d probably keep a low profile. Don’t need to live in a mansion or fill a garage with Ferraris.

 

[n0razi]

Put it all into BTC; become a quadrillionaire

 

[lock2k]

I would probably still live in the same place and drive my same old-ass busted car (and I work for a car company) lol

I wouldn't want to grab attention at all. I would only travel like crazy.

 

[and 3 others]

I would probably still live in the same place and drive my same old-ass busted car (and I work for a car company) lol

I wouldn't want to grab attention at all. I would only travel like crazy.

Then what's the point? Drive fast and smash sloots!

 

[lock2k]

Then what's the point? Drive fast and smash sloots!

I don't care about cars.

I would travel and eat all the different food I wanted in the world, I would buy a shitload of guitar equipment and also have rare arcade machines.

 

[Mistershine.]

If I won £500mil I'd buy a motogp team and go around the world with them. I'd also have a hot ex kgb bodyguard/chauffeur called svatlana to drive me around in my Mercedes 600 pullman.

 

[REE Machine]

Already have my house paid off but buiild a brand new one just outside the city on some good acreage for maybe 5-600 thousand. But rent my other house out so I can keep a good amount of monthly cash flowing in. Build a small condo complex and rent that out for more cash flow coming in. Buy some nicer cars, buy a vacation home in: Puerto Vallrata, Greece, Italy and Japan (prob spend more my time in japan)

still work because i love to work and keep busy but live a more simpler life.