What would be your monthly allowance?

Reply #38

THRIFTY — Mon, 18 Nov 2013 19:51:45 GMT

You can buy dividend paying stocks and play the lottery without winning a lottery jackpot.

Reply #37

Jordi88 — Mon, 18 Nov 2013 19:16:49 GMT

Those watches are collectibels which in increase in value over time eg. Patek Phillippe, Audermars Piguet etc...

Reply #36

KY Floyd — Mon, 18 Nov 2013 18:03:45 GMT

In that case, I'd figure it's more than you could really spend without getting fairly extravagant. I would suggest that with that much money you should spend a few bucks more and treat yourself to a watche that lasts more than 6 months.

Reply #35

SirMetro — Mon, 18 Nov 2013 17:56:39 GMT

If I had approximately $100 million, AFTER Tax cash, I would invest completely in dividend paying stocks that had a current average yield of between 1.5% to 3%

Then I would sit back and enjoy whatever the dividend payouts were because they would increase annually without me ever having to do anything else

Besides, 1.5% of a $100 million is roughly $125,000 per month

Of course, it would fluctuate due to different investment payouts, but I think I could live comfortably on that as well as... [ More ]

Reply #34

THRIFTY — Mon, 18 Nov 2013 17:48:58 GMT

$1 MONTHLY

Reply #33

Slick Nick — Mon, 18 Nov 2013 15:57:37 GMT

I don't think I would have a set rate. I would buy a few toys, get a better residence,place to live in, help a few charities, and just try and enjoy life.

Reply #32

Jordi88 — Mon, 18 Nov 2013 13:02:26 GMT

@KY Floyd, I meant the 10k for pocket money after I have bought my properties and set up my investments. It doesn't cover bills eg. Housekeeper, Food,Utilities,Flights etc that's seperate... Oh and my once or twice a year watch purchase

Reply #31

helpmewin — Mon, 18 Nov 2013 03:29:30 GMT

Reply #30

rdgrnr — Mon, 18 Nov 2013 01:42:02 GMT

Too late.

No changing allowed.

Reply #29

helpmewin — Mon, 18 Nov 2013 00:48:24 GMT

i change mine to $7500 per week

Reply #28

billionaire2bee — Sun, 17 Nov 2013 21:43:39 GMT

Im sorry I guess we both misunderstood each other LOL...I was talking about carry in your pocket money pretty much when you walked out of the house, like now you may go get 20 or 40 or whatever you get out to carry around...but you were actually talking about monthly expense money

Reply #27

KY Floyd — Sun, 17 Nov 2013 19:13:47 GMT

you would allow yourself $10k per month or $120k per year

That was my first thought, and that it was overly modest for somebody who won a sizable prize, but I checked to see if Jordi88 mentioned their location, and their 10k appears to be about $16,000.

Actually spending $192,000 per year would let you live a very comfortable lifestyle, including a fair amount of indulgence, even if the allowance has to cover all of your routine expenses. For $16k you could make payments on a $500k mortga... [ More ]

Reply #26

mypiemaster — Sun, 17 Nov 2013 14:21:50 GMT

The word allowance becomes irrelevant in my vocabulary. The urge to splurge becomes highly diminished. Everything else will be based on need.

Reply #25

JonnyBgood07 — Sun, 17 Nov 2013 12:30:22 GMT

more like 50k or better a month...and I'm using that number as a base because we're assuming after the big win we won't be working.

You know as well as I do what too much time on your hands and an unlimited credit line can potentially do .. lol

Reply #24

Slick Nick — Sun, 17 Nov 2013 12:16:23 GMT

Ten grand is a comfortable starter.

Reply #23

rdgrnr — Sun, 17 Nov 2013 06:31:29 GMT

I guess not...

Reply #22

gnozahs — Sun, 17 Nov 2013 06:16:03 GMT

3-4k probably.

Reply #21

Stack47 — Fri, 15 Nov 2013 21:04:49 GMT

To me a monthly allowance means the total expenditures for each month and we can't buy a new car or a nicer home with one or even two months allowance. That's why I thought the monthly allowance meant extra money to spend anyway they choose. Would you limit yourself to only $10,000 total monthly expenditures after winning $100 million after taxes

Reply #20

sully16 — Fri, 15 Nov 2013 20:45:45 GMT

as much as it takes, to get things done.

Reply #19

helpmewin — Fri, 15 Nov 2013 19:50:43 GMT

10k Sounds easy to do.

Reply #18

noise-gate — Fri, 15 Nov 2013 19:24:44 GMT

Monthly allowance: $50, 000 plus. That would cover the mortgage, food, clothing,charities, medical emergencies- throw in other surprises as well like helping family friends in a crisis. Sounds excessive but its not, thats under $20 mill for 25 years and l have barely got into my 30's.

Reply #17

Jordi88 — Fri, 15 Nov 2013 17:57:52 GMT

@ a911scaner, thanks for your advice ;-)

My portfolio would look like this :

1. 15 to 20 million in properties in Central London which I would rent out

2. 1 Holiday home in Cannes, France 1 back home in Switzerland and 1 in London.

3. The rest would be invested wisely in Bonds, CD's , Stocks etc..

Whish me luck for tonight!!:-) It's 86m which is 138m in US Dollar Tax free. Whoop Whoop

Reply #16

a911scanner — Fri, 15 Nov 2013 16:20:47 GMT

Jordi88,

Not trying to be condescending at all... I think you need to research how money works before you win. You must have knowledge to watch over the person you put in charge of watching your money.

That being said, your example means that you would allow yourself $10k per month or $120k per year in allowance . My example will allow a minimum of 5 times that without touching your principal... Read on!

If you took $80M of the $100M win, put it into tax free bonds yielding 4.5%, your t... [ More ]

Reply #15

Jordi88 — Fri, 15 Nov 2013 13:26:31 GMT

Thanks for the numbers. I'll let you know and inbox you if I win tonight

Reply #14

rdgrnr — Thu, 14 Nov 2013 22:06:58 GMT

I never had a Swiss Watch.

But I've had my share of Swiss Cheese.

Real thin slices though.

If that counts for anything.

Reply #13

billionaire2bee — Thu, 14 Nov 2013 20:47:32 GMT

hmmm I'll give it a shot...9,17,22,41,50..5,8...Now if you dont win dont blame me and if you do I want the usual 5% LOL

Reply #12

Jordi88 — Thu, 14 Nov 2013 19:23:08 GMT

50k are you serious? lol

Reply #11

jjtheprince — Thu, 14 Nov 2013 19:05:56 GMT

I think I could maybe get by on $50K a month.

Reply #10

Jordi88 — Wed, 13 Nov 2013 19:36:49 GMT

Thanks for your compliment but nope I'm from Bern the capital of Switzerland :-) Btw, can you give me a lottery prediction for the Euro-Millions draw five numbers from 1 to 50 an and two from 1 to 11 ? Just a predicton nothing else. I do that with my mates sometimes and play with them . There's a special draw this Friday starting with a Jackpot of 80m

Many thanks in Advance

Reply #9

billionaire2bee — Wed, 13 Nov 2013 19:22:32 GMT

LOL i thought you were from here just looked at your profile when you said sorry for my english Your dialect is just fine, spoken like a native of an english speaking country.... it sounds to me anyways

Reply #8

Jordi88 — Wed, 13 Nov 2013 19:16:13 GMT

Hmmm, I'm not the type of guy who walks with thousands in cash that's a bit too dangourous if you ask me. I would just spend it on properties which I rent out and have a allowance of 10k it might go up when I have a family I'm in twenties. Buy one or two times per year a nice watch eg. Patek Phillippe, Audemars Piguet, Hublot :-) They cost around 10 to 25k each ... Plus travel alot. I have never been to the United States the flights would be first class of course lol....

Sorry for my Eng... [ More ]

Reply #7

billionaire2bee — Wed, 13 Nov 2013 19:10:21 GMT

LOL you breezed thru that answer...Never said anything about buying new or old cars...I said that 10k would be nice but IF you wanted to buy things such as cars real estate or whatever you would probably need more money...but again 10k is better walking around money

Reply #6

LottoMetro — Wed, 13 Nov 2013 18:16:56 GMT

If you walk away with $100M after taxes you could spend $10K a month for 800 years and still have money left over. So that would be quite conservative allowance. My friend, a millionaire, carries around several thousand in cash just on a daily basis.

Reply #5

Stack47 — Wed, 13 Nov 2013 18:14:12 GMT

I didn't know they still sold new cars under $10,000 but it seems rather stupid to win a multi-million jackpot to limit my monthly purchases. If you won $50 million after taxes, you could easily get a nice line of credit at the bank where you deposited your over sized check.

The question probably means how much would allow yourself to frivolously spend, waste, or blow every month and $10,000 is a great starting point. After a year or two, that number will probably drop.

Reply #4

schmuckatelly — Wed, 13 Nov 2013 16:48:04 GMT

You stole my question lol. I was going to ask this same thing when I got back from lunch just now, lol.

I was thinking $50 million after taxes, but I thinking about investing also. So $10k is really not whole lot because that only comes out to 3.6 million after 30 years, I would be 67 by then, so guess I could bump it up to $20k per month, but like a previous poster said, you proably would not spend that much EVERY month.

Reply #3

Jordi88 — Wed, 13 Nov 2013 16:40:42 GMT

Yeah I thought about that as well but it's a bit too risky for me so I would just stick with me 10k for myself plus 1 or 2 watches of my choise per year :-) Let me win please

Reply #2

cash4ninja — Wed, 13 Nov 2013 16:29:50 GMT

Like $100

+ bill money

$3000 a month

Reply #1

billionaire2bee — Wed, 13 Nov 2013 16:27:48 GMT

Great question....10k sounds good for walk around cash, not that you would spend that amount each and every day or even month...it depends on what you're into though, buying and or selling cars, real estate, etc etc....I myself would like to have one of those unlimited black cards or platinum cards and just pay the balance off each and every month

What would be your monthly allowance?

Jordi88 — Wed, 13 Nov 2013 16:20:22 GMT

Hi Folks,

What would be your monthly allowance if you win a big Jackpot of let's say +100m after tax ? I had a discusion earlier with me sister and told her mine would around 10k .. Is that too much?

Many thanks in Advance