whats the first thing u would do? or purchase? if u won a 100 million dollars or morePrev Topic Next Topic

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* In hot pursuit of $ *

White Shores- California
United States
Member #136,471
December 12, 2012
7,039 Posts
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Aug 28, 2015, 10:46 pm

Definitely NOT doing..

Or This... If l won.

* Voice of Reason *

* People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.
Candy-Lane

United States
Member #167,247
July 2, 2015
123 Posts
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Aug 28, 2015, 11:04 pm

Quote: Originally posted by CDanaT on Aug 28, 2015
1. Assemble legal team ( Atty, CPA, Investment Team)
2. Collect winnings as a trust with Lawyer as spokes person and collector.
3. Pay off mortgage and spend an extra $10K on goodies for the house.
4. Get the War Dept.( aka the Mrs.) new SUV.
5. Establish investments and get the family "will" set up to ensure proper disposal upon death.
6. Pay off any known or unknown student loans in immediate family.
7. Give 2 family members financial assistance up to the allowed legal gift amount for 2015.
8. Give immediate family members allowed legal gift amount for 2015.
9. Search for new residence to be built or purchase existing one that meets expectations in a private gated community.
10. Rent RV and travel to various parks throughout the country for a few months.
11. Make charitable contributions to various non profits( Vets/Food Pantry/Animal Shelter/H.S extra-curricular activities and other personally chosen charities)
12. Take vacation from winning jackpot and getting all the above mentioned completed !!!

The End

Hi CDanaT,

I like your list! Number 4: - I would strongly advice you to let her pick it out! : )

Remember this: A happy wife is a happy life!

I have some of the same items on my list. I couldn't believe it when I got to your number 10! I have the same plans, except I plan to purchase an RV. I had not considered renting one. I'll have to give that some more thought. I also included the Salvation Army on my list of charities.

Good Luck!
music*

Fresno, California
United States
Member #157,849
August 2, 2014
3,959 Posts
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Aug 29, 2015, 7:27 am

Thank You Candy-Lane for your your previous answer to my questions.

May I suggest a Living Revocable Trust created by a Trust & Estate Attorney. Your heirs will get all your money secretly. A will is made public at the Court.

Good Luck to all LP Members !!

"We are all in this together!"
jjtheprince

United States
Member #106,129
February 13, 2011
806 Posts
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Aug 29, 2015, 9:23 am

Quote: Originally posted by hearsetrax on Aug 27, 2015
$100 million is too much money ??!!?? since when ??

Yeah lol to me it's not enough.

I would ideally like $200 million after taxes. The reason for that is because you can't get decent returns on any "safe" investments right now. 2 or 3% just sucks.
CDanaT

Central TN
United States
Member #121,187
January 4, 2012
7,760 Posts
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Aug 29, 2015, 11:51 am

Quote: Originally posted by jjtheprince on Aug 29, 2015
Yeah lol to me it's not enough.

I would ideally like $200 million after taxes. The reason for that is because you can't get decent returns on any "safe" investments right now. 2 or 3% just sucks.

let's seeeeeeee<scratching head> Investing 100 million at 2-3 % sucks ?...so you buy your house and toys and blow $5 Million...leaves you $95 Million(roughly estimated for S & G) and you invest $95 million at 3 % and get roughly $2.8 Million minus Uncle Sams cut of 40%( $1.12 million) which leaves you around $1.68 Million(provided you don't pay state income taxes).
$1,680,000.00/52 weeks = $32,307.69 per week to spend or roughly $4615.00 a day....and that is not enough ??
sully16

25

Ringleader

Michigan
United States
Member #81,738
October 28, 2009
128,046 Posts
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Aug 29, 2015, 11:58 am

Quote: Originally posted by CDanaT on Aug 28, 2015
1. Assemble legal team ( Atty, CPA, Investment Team)
2. Collect winnings as a trust with Lawyer as spokes person and collector.
3. Pay off mortgage and spend an extra $10K on goodies for the house.
4. Get the War Dept.( aka the Mrs.) new SUV.
5. Establish investments and get the family "will" set up to ensure proper disposal upon death.
6. Pay off any known or unknown student loans in immediate family.
7. Give 2 family members financial assistance up to the allowed legal gift amount for 2015.
8. Give immediate family members allowed legal gift amount for 2015.
9. Search for new residence to be built or purchase existing one that meets expectations in a private gated community.
10. Rent RV and travel to various parks throughout the country for a few months.
11. Make charitable contributions to various non profits( Vets/Food Pantry/Animal Shelter/H.S extra-curricular activities and other personally chosen charities)
12. Take vacation from winning jackpot and getting all the above mentioned completed !!!

The End

Sounds like a great plan to me.
bigbear29

United States
Member #145,261
August 1, 2013
1,740 Posts
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Aug 29, 2015, 11:58 am

Question jj, why would you want to invest when you have 200 million?
HoLeeKau

Idaho
United States
Member #94,279
July 17, 2010
2,453 Posts
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Aug 29, 2015, 2:20 pm

Quote: Originally posted by jjtheprince on Aug 29, 2015
Yeah lol to me it's not enough.

I would ideally like $200 million after taxes. The reason for that is because you can't get decent returns on any "safe" investments right now. 2 or 3% just sucks.

Seriously? The 2 or 3 million per year you made off of the 100m investment FOR THE REST OF YOUR LIFE without even touching the principal wouldn't be enough? LOL
music*

Fresno, California
United States
Member #157,849
August 2, 2014
3,959 Posts
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Aug 29, 2015, 2:43 pm

2 or 3 million for the first year. With experience that number should increase each year.

Preserving principle is the goal. That is your golden goose that is laying those beautiful eggs.

No one knows when their last day will be. Do not run out of funds before you "Dance that last dance alone".

I would hate to go back to work. Yuk !

"We are all in this together!"
lejardin

United States
Member #118,604
November 4, 2011
1,443 Posts
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Aug 29, 2015, 6:52 pm

Mikeintexas, you sir, are hysterical. That too small in the hips could be a major problem for you I would assume, omg hahahaha.

Is the sidecar for stability or to take one of your flock? .....take the harley not a girlybike lol.

Your posts keep me laughing and at times leaves me scratching my head so I have to reread to make sure I read correctly, hahahaha, thanks for the fun!
river26

new jersey
United States
Member #150,808
December 31, 2013
759 Posts
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Aug 29, 2015, 8:34 pm

Quote: Originally posted by Clubpulse1 on Aug 28, 2015
1. Thank God!
2. Debt Free
3. Living Will
4. Annuity, Mutual Funds, ETFs, Stocks
5. Start Several Businesses
6. 501(c)3 Non-Profit
7. Live off the Interest

i would go to vegas and put 100.000.000 on red in roulette
phantom3

IOWA
United States
Member #81,629
October 25, 2009
923 Posts
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Aug 29, 2015, 8:38 pm

bodyguard !
mikeintexas

Texas Panhandle
United States
Member #136,837
December 20, 2012
1,660 Posts
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Aug 29, 2015, 9:42 pm

Quote: Originally posted by lejardin on Aug 29, 2015
Mikeintexas, you sir, are hysterical. That too small in the hips could be a major problem for you I would assume, omg hahahaha.

Is the sidecar for stability or to take one of your flock? .....take the harley not a girlybike lol.

Your posts keep me laughing and at times leaves me scratching my head so I have to reread to make sure I read correctly, hahahaha, thanks for the fun!

Thanks, I try to amuse, I'm not good for much else in here. I've read that shallow women are attracted to bad boys or men with money or power. I don't want a shallow woman and besides that, I'm not bad and never had much money or power. I'm also not good looking - I think my momma was the only woman who thought I was - I look like a cross between Mel Gibson and Homer Simpson, so I don't have much in the way of initial attraction going on for me. I don't know that I have many other redeeming qualities that good women want, but I do know they also like guys with a good sense of humor (or "humour" for British women) so I really like to make women laugh. It's too bad they laugh the hardest when I undress in front of them.

About the sidecar motorcycle - I thought it would be a good thing for a quick run to the grocery store, plenty of room to bring the food back, y'know? Can't really do that on a Harley. (speaking of HD bikes and being funny, I found out it wasn't a good idea to joke in a biker bar "Harley-Davidson? Ain't that some kinda Japanese motorcycle?". That's when I found out I wasn't a bad boy, not at all. )
RedStang

NY
United States
Member #121,955
January 21, 2012
3,169 Posts
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Aug 30, 2015, 12:50 am

Quote: Originally posted by mikeintexas on Aug 29, 2015
Thanks, I try to amuse, I'm not good for much else in here. I've read that shallow women are attracted to bad boys or men with money or power. I don't want a shallow woman and besides that, I'm not bad and never had much money or power. I'm also not good looking - I think my momma was the only woman who thought I was - I look like a cross between Mel Gibson and Homer Simpson, so I don't have much in the way of initial attraction going on for me. I don't know that I have many other redeeming qualities that good women want, but I do know they also like guys with a good sense of humor (or "humour" for British women) so I really like to make women laugh. It's too bad they laugh the hardest when I undress in front of them.

About the sidecar motorcycle - I thought it would be a good thing for a quick run to the grocery store, plenty of room to bring the food back, y'know? Can't really do that on a Harley. (speaking of HD bikes and being funny, I found out it wasn't a good idea to joke in a biker bar "Harley-Davidson? Ain't that some kinda Japanese motorcycle?". That's when I found out I wasn't a bad boy, not at all. )

The HD stands for hundreds of dollars because that's what it cost to fix those bikes.
ekem6078

TN
United States
Member #88,773
March 23, 2010
2,462 Posts
Offline

Aug 30, 2015, 2:13 am

Don't worry about it, cause if you win it in ILL you wont get it anyway.