Welcome Guest
Log In | Register )
You last visited January 16, 2017, 5:37 am
All times shown are
Eastern Time (GMT-5:00)

If You Won A Lottery Of $3 Million

Topic closed. 7 replies. Last post 10 years ago by angelm.

Page 1 of 1
freeport bahamas
Member #46427
September 10, 2006
63 Posts
Posted: January 30, 2007, 11:23 pm - IP Logged

if you won a lottery of (after taxes) $3 million, what would you do with it ?

    tntea's avatar - Lottery-059.jpg

    United States
    Member #5344
    June 30, 2004
    23641 Posts
    Posted: January 30, 2007, 11:47 pm - IP Logged

    I would add to my grandchildren's Trust funds..

    And play lottery with the rest...

         OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

      guesser's avatar - Lottery-017.jpg

      United States
      Member #41383
      June 16, 2006
      1969 Posts
      Posted: January 31, 2007, 12:25 am - IP Logged

      Retire with it, and live the same way I am now, no changes.

      New cars - yes, but I'd stay where I am, in the same house I am in, and remember folks and charities in my will. If a person expects to live 30 more years, then $75,000/year or so should suffice, at least here anyway.  'Cept I won't live to see 78.

        Lotterologist's avatar - lightbulb
        Lotto City, Michigan
        United States
        Member #36256
        March 30, 2006
        1472 Posts
        Posted: January 31, 2007, 9:09 am - IP Logged

        At my best, i'd give it to the poor and follow Jesus (Matthew 19:24); at my worst, i'd try to emulate Hef. (Hugh Hefner)


          Sunny California
          United States
          Member #40295
          May 31, 2006
          7713 Posts
          Posted: January 31, 2007, 9:36 am - IP Logged

          This may sound off the wall but since obesity is such a problem in this country I would open a chain of restaurants called "Lunch Hour" that had a one mile walking track behind it. When you came in to eat you'd have to walk for half an hour first then get served a very healthy lunch or vice versa. Anything to help get people moving and up off their feet.

          The rest would go to charity! 

            Uff Da!'s avatar - InCelebration 001.jpg
            Washington State
            United States
            Member #33973
            February 26, 2006
            347 Posts
            Posted: February 1, 2007, 7:37 pm - IP Logged

            I've always answered similar questions with a reply that most of my winnings of any sizeable amount would go to charities and to gifts for needy relatives.  However, after taking a good look in the mirror, I have just decided that the first major "purchase" would be for me:

            A FACE LIFT!

              Clearwater, FL
              United States
              Member #31472
              January 29, 2006
              167 Posts
              Posted: February 2, 2007, 4:11 am - IP Logged

              Find a good accountant, find a good investment consultant and invest enough into gov securities to avoid capital gains taxes. The rest I would invest into real estate that would turn a nice positive cash flow and rollover all of the interest into the existing investments to maintain a good tax shelter and at the same time insure that the money keeps growing.

              What about the fun stuff? Borrow against the real estate investments to get the things that you want, borrowed money is not taxable.

                angelm's avatar - anne
                richmond ky.
                United States
                Member #15877
                May 22, 2005
                8472 Posts
                Posted: February 2, 2007, 9:43 am - IP Logged

                Quit work!!!