Timewaster's Guide Archive
General => Everything Else => Topic started by: Mad Dr Jeffe on June 17, 2003, 03:10:46 PM
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Ok its lotto time again and the Jackpots around 120 million dollars.
Lets say you were the only winner and after taxes you had about 55 million dollars to play around with...
WWYD
Me....
Buy 2 houses one here in DC (near Great falls) and one at the Beach Somewhere...
Buy the best computer system know to man...
Invest 10 million dollars.
Donate 1 million dollars.
Buy a few cars, Some sport some sport UTEs and maybe a motercycle.
Buy Every RPG I can.
Buy all the Game stores here in DC and centralize their computer systems and ordering abilities. Have a central warehouse stocked with at least 1 of every game on the market...
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holy crap.
Only 55 million after taxes?! What kind of tax rate you got going there?
Oh, and i would stick it all in the bank and live off the interest.
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You could live quite comfortably off of 10 million in the bank....
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I would take it all to russia, buy a house there and try to build up their economy again with US dollars.
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Well the best option to take is the lump sum which comes out to alittle more than 1/2 of your total earnings...especially after 27 percent in federal taxes and 6 ½ percent in state taxes are withheld.
Otherwise you get taxed yearly on what you earn and it costs a lot more....
Plus 55 million is a lot cooler than 3 million a year for the next 20 years.
Interest on that money would be a problem though, since you can be taxed on the interest your money earns... earn too much and wham!!! a huge tax bill again....
Besides you should spend at least 10% just because....
5.5 million dollars spent the Brewsters Millions way is not only a lot of fun but a bit of a challenge.
Why, because it lets you put your money where your mouth is. Want to take a year off and write a novel, do it!! Want to travel all over the world, you can. Want to help your friends and family, go ahead!!!
Want a shiny new toy :) go ahead you deserve it.
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Hell for 55 million you could buy Russia
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For 55 million you could buy all the morality in france.
Ooops... i meant 55 pence
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I wouldn't spend the money--I'd have gone as insane as Cadamis from the irony of having purchased a lotto ticket against all the logical, moral, and philosophical anti-gambling arguments I've always made, then actually winning.
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While I'm basically in the same boat as EUOL, I think I'd be able to shrug it off after a day or two of good, solid contemplation.
After which time I'd give a portion of it to my Church, then start a game development business from scratch, hiring the best developers out there, and work on one of my dream games.
I'd also invest about 10 mil, take care of a few of my closest friends and relatives, and spend the rest setting up a couple of charities and founding either a Charter School or a technology college.
By this time I'd be basically broke -- except that I'd still have the income from that 10 mil, with which I would support my family, and basically just live life.
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I'd buy a house to live in while the house I'm designing is built on the plot of land I'll buy.
Then I'll buy up my wish lists on half.com, and scour ebay for anything else I might want.
I'd also start up subscriptions for all the comics I want, and catch up on all the issues I've missed the last few years.
I'd also get out of debt and set aside savings for my children's college
That leaves me enough to invest and live off profits for the rest of my life.