If you won the lottery, what would you do with the money?

   / If you won the lottery, what would you do with the money? #61  
No-one got screwed over on bitcoin.

all the people that bought shitcoins got screwed. Specifically the ones that left their coins on the , luna, 3 arrows capital, and Celsius networks.

Always self custody your difi. Not your tokens, not your coins.
The 50% drop in value

Strike a nerve??
 
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   / If you won the lottery, what would you do with the money? #62  
Good answer! Hopefully I would pick my ticket up off the ground, as you know that your "friend" is going to want his half... before taxes.

You're a better man than I am. 👍


People who say that a million isn't a lot of money are right; yet would be a nice nest egg, added to what you already have worked for. It's also a large enough number that many people wouldn't be able to manage it well; I fear that I fall into that category.
Years ago when the Powerball was up around 500 Million or some stupid number an ex GF was buying tickets so I asked her; "Do you really think all of that money would make your life better?" She couldn't understand why I would ask such a thing... one big reason she is my EX GF.

To answer the OP's question; I'd like to think I would invest it in timberland, retaining enough to cover taxes and other recurring expenses for times when timber markets are down. At current prices that would probably buy about 1500-2000 acres. I then would put it on an annual or biannual harvest schedule to improve the stands while managing it sustainably, the way that I was taught to do.
$1,000,000 would buy 2000 acres? That’s only $500 per acre. What am I missing?
 
   / If you won the lottery, what would you do with the money?
  • Thread Starter
#63  
I would NOT donate any to the big name charities. The Mayfield tornado has taught everybody in this area that the big name national charities are nothing but scams. I would donate to the charities that I have seen boots on the ground doing work seven months after the disaster. Samaritans Purse, Bread of Life, and believe it or not the Mennonite Disaster Relief Fund (may not be correct name). Those are the ones still working with no advertising other than a cheap sign in the yard telling who they are. Bread of Life doesn't have a lot of people out laboring but instead have people referred to them who need help and provide funding for those. Nobody managing that organization gets paid a cent and most are out quite a bit doing their duties. All those charities would get sizable donations.

The rest would be invested in CDs laddered so than one would be coming due every three months. So when the stock market starts back up I could invest the money in Mutual Funds. These funds would be in my and my wife's name with each of my four grandkids getting them POD. Both daughter's would have all debts settled and retirement accounts set up for them so they could do as I have done and retire before 60 years of age. They already save quite a bit but I would match everything they invest. The next generations in my family would be set up much as my wife's and my parents have done for us.

My lifestyle wouldn't change much. Maybe an extra vacation every year. Maybe trade vehicles every five years instead of eight to ten years. Might buy a pontoon boat to take grands out on. Would invest in the grands not with toys but with experiences. Take them skiing. Teach them to SCUBA dive. Teach them to play golf. Take them to the state capitol. Take them to Washington D.C. and Arlington National Cemetery to see the changing of the guard at the tomb of the unknown. I would take them to colonial Jamestown, Yorktown, Fort Sumter, Gettysburg, Shiloh, and any other place I consider educational. Would also take them to Disney, Universal, Sea World, and Discovery Cove (to swim with a dolphin, I highly recommend it).

I would keep an eye out for people who need a helping hand and try to give it to them without them knowing about it. I would look for hard working youngsters and try to help with their education and/or training.

I would enjoy life to the fullest and try to leave this world with my descendants set up for success. And I would hope to leave the world not regretting anything.

And I take a bow.

RSKY
 
   / If you won the lottery, what would you do with the money? #64  
I don't play the lottery - don't have that problem.
 
   / If you won the lottery, what would you do with the money? #65  
If I had a million dollars I would buy a new butt because mine has a crack in it.
 
   / If you won the lottery, what would you do with the money? #67  
   / If you won the lottery, what would you do with the money? #68  
$1,000,000 would buy 2000 acres? That’s only $500 per acre. What am I missing?
Might work in the Middle of Nowhere, New Mexico.
 
   / If you won the lottery, what would you do with the money? #69  
Pay off my remaining debts, which are few now, and retire. After that, who knows, I don't plan that far ahead, but it's not likely that much else would change.
 
   / If you won the lottery, what would you do with the money? #70  
$1,000,000 would buy 2000 acres? That’s only $500 per acre. What am I missing?
Might work in the Middle of Nowhere, New Mexico.
He's in northern Maine. Might not be the middle of nowhere, but you can see it from there.
Big parcels can be had for relatively little per acre even here in northern N.H. Smaller lots not so much.
 

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