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by caffey4 on December 11th, 2007

caffey4

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If you won the lottery for 50 million dollars, what would you do?

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Answers. 12 helpful answers below.

  • by Jane on January 7th, 2008

    Jane

    if i won 50mil then they would take half so that i could have it in a lump sum then i would be taxed 40% of the remaining leaving me with 15 million so i would um talk with a financial advisor and give my brother and sister some doe to pay off their homes. Then i would...spend and invest.

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  • by Aintthatapip - Kevonian Overlord on July 17th, 2008

    Aintthatapip - Kevonian Overlord

    Pay the taxes on it. :)

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  • by Vampyre Bat on January 8th, 2008

    Vampyre Bat

    The first thing is to get a lawyer, then a financial advisor and accountant. Net I would move away and change my number. After sharing some with family and friends I would invest the remainder and live modestly off the interest. At my death I will split it between my wife and children with gifts and scholarships to charities and my colleges.

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  • by Gingerminx on December 11th, 2007

    Gingerminx

    Visit the friends I have made overseas, open a home for abused and abandoned animals and children, set up a scheme to help the homeless , buy my sweetheart all the books and music his heart desires and try to learn every musical instrument that I can.

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  • by katydid15 on November 23rd, 2009

    katydid15

    Talk to a lawyer.
    Quit my job.
    Pay off the mortgages of all my family.
    Get sound financial advice.
    Invest immediately.
    Buy a new car.
    Take a trip.
    Then I'm not sure...

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  • by katie7576 on November 23rd, 2009

    katie7576

    Pay off my 3 sisters mortgages and buy my cousin and his wife the house of their dreams( so that they can get out of mine lol), buy my mother a beach house, give my future mother in law what she needed to fix her house, put some money away for my son and his future and live off the interest of the rest of it. +5

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  • by Thinker on November 23rd, 2009

    Thinker

    I would go to where my beautiful Amy is and either move there myself or bring her home with me and marry her! We would then enjoy the money going places and seeing things then be sure there is enough left to take care of her for the rest of her life.

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  • by davidwinner on November 23rd, 2009

    davidwinner

    i will invest the 30% and spend/save the 70%
    the best to invest that safe, you can visit myfxfunds.com for more info

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  • by Doggie S on July 17th, 2008

    Doggie S

    Travel around the world with my loved ones, buy a big house, save some and give some to charity.

    I'd visit my Answerbag friends too :)

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  • by bearwinston on December 16th, 2010

    bearwinston

    I would buy a red Ferrari 275 GTS like the one in Munster Go Home and have it turbocharged.After that 50/50 into stocks and real estate.

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  • by FoolishOne on November 23rd, 2009

    FoolishOne

    well assuming I have 25 million left after taxes, I'd take 5 million and put it into several money market or other relatively safe cash accounts earning about 3% interest and use that as my immediate monthly income. That comes out to about $112,000 per year after income taxes. I'd take another $5 million and buy a defered annuity that would start paying us in about 8 years (I'm 32, so I'd officially retire at 40). That would generate about $25k a month, and I'd begin globe trotting. I'd take half of the remaining 15,000,000 and invest it in the stock market (7.5 million), and the other 7.5 million I'd donate to various charities. Somewhere in there I'd use a hundred thousand or so to really spruce up the land my house is on, finish all the additions and remodeling of the house, get a Delorean, and a new pick-up truck, and my wife a new vehicle. Because I have invested such a huge amount, and the money in the money-market will never be exhausted (since I'm only spending interest), there would be a sick amount to pass on to my kids.

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  • by sm123 on March 25th, 2010

    sm123

    1. Thank god. Pray god to bless me and my family with enough sanity to handle the change in life with grace and humility.
    2. Fund account for charity over life time - 8 Mn
    3. Invest in low risk securities - 20 Mn
    4. Real estate investments - 10 Mn
    5. Upgrade lifestyle (New Home, car, travel etc) - 5 Mn
    6. Help family - 2 Mn
    7. Start high risk creative business - 5 Mn
    8. Get MBA from a top business school
    9. Learn to meditate
    10. Spend more time with Kids. Educate them so that they can grow to be good citizens.

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