So, you got home and found that you won the state lottery. Now what?
 

Hypothetical situation:

You get home from work, dig out your lottery ticket, check it and lo-and-behold: all SIX numbers match. The lottery drawing date is correct. It's the real thing, and the cash option value is a little over $9 million.

What do you do?

Go to work tomorrow?

Go to the state lottery headquarters bright and early in the morning (a 3 hour drive for me).

Do you drive yourself or hire a town car and a pro driver? (Nothing like getting killed on I-10 on the way to collect $9 million :dead:)

Get in touch with a financial advisor?

Who do you tell? Anyone? No one?

So, you collect the $$$, I assume it goes into multiple bank accounts. What's next? Quit your job? What do you tell them?

What about the wife? Stay married or split the dough 50/50 and start planning parties that would put Hugh Hefner to shame?

How would you invest it?

What would you change about your life?

What's the very first thing you would spend it on?

1st and foremost.... DON'T TEEL ANYONE !!!! :yep:

Hide the money in a Bahama account. :yep:

Get a Financial Advisor :yep:

Hire a good Divorce Attorney and give her everything but lottery loot. :yep:


Leave the country. :yep::yep::yep:

Your job is keeping an eye on your money and enjoying the good life without spending it stoopidly. :D

Tell only CLOSE family

Get a financial adviser

Divorce wife and make sure she gets as little as possible. House and car - no more.

Spend 2M in the stock market

Buy a Bugatti Veyron

You have 4M left

Buy a $1,000,000 estate and pay cash

3M to go

Spend 1 million on classic cars

Buy a private twin engine plane

1M left

Insure all of it

Go on a tour of Europe

Live off the invested money, and use some of it to invest even more

Marry your dream girl and have 2 kids

Use the invested money to buy a Gato or Balao class boat - crew it with subsimmers.

Life is good.

Have a heart attack

Nope, i'd ring in sick and get the med cert to cover the heart attack

I'd still be in hospital, recovering.

Here in this country it depends if you are a registered or non-registered lottery player.
If registered, they send you a cheque. If not, i would take the ticket to the place where i bought it for verification, fill out the form and get a cheque sent to me.
So nho driving necessary, i'll just sit back in my lounge chair and get drunk!

My parents would be my financial advisors.

My parents, my 2 best friends and my eldest daughter.

Yep, multiple, split up the amount, some to my parents, to my 3 daughters, some into a trust fund, managed, and then go from there. You betcha! I've been looking for a good excuse to quit that sorry excuse of a place! :O: Seriously though, i would, jobs in that industry are a dime a dozen, so no probs for future employment. Take a year off, have a nice break. Re-evaluate after that. What do i tell them? None of their business!

No wife, so home and hosed there :haha:
Parties to rival Hugh's ones?
Maybe :hmmm::O::D

Real Estate, Real Estate and Real Estate.

Nothing. I would try to stay the same person that i am now.
I paid my bills off, so would be even happier now.

My kids.

Deutschland?

Australia

First thing I'd do is buy myself a house and a couple of blocks of land as a buffer and future investment for when the govt or people want to buy em off me.

Then and only then would I tell me family, throw the rest in the bank for a rainy day. Just keep working as normal. No point in changing who I am just because I have 9 million.

I'd go to http://subsim.com/radioroom/ and ask for advice.
Call in sick.

No. Not until you talk to at lease three 'financial planners'. You may want to claim the prize in the name of a trust and not as an individual. For a prize that small you don't want to give it all away in taxes. (see below)

Would drive with a friend who you know can drive, doesn't drive like an idiot, doesn't have 100 tickets, a family member probably. A "pro" driver has a $10.00 an hour job, what makes him safe?

At lease two of them, and one person who actually has 9 million or more. If a "financial advisor" or stock broker had all the right information, they wouldn't be working as one.

I would talk to a tax accountant, and someone who knows how to keep money. I wouldn't invest it until a few months of research. Never take the advice of one person, and listen closely to the person who actually has made that much money.

Only people on Subsim, we can be trusted. Nobody else. (It will be 6-8 weeks before you see a dime anyway)
Depends if you liked the job, have friends there, of if you hated it and they treated you like crap.

9 mil is not enough to live the rest of your life on, unless you invest 95% of it and only live off of the annuities. But you probably couldn't stay in the job, cause you'd have a shive a git attitude anyway.
Easy answer, do you love her?

Carefully, slowly, diversified across multiple sectors in multiple countries. I would focus on making it work for me safely, and not take big risks. Annuities that pay enough to live on.

Might set aside a small amount for a spending spree, the puter/TV/car etc. but remember, you will have to pay taxes and insurance on all the toys. That's how many lotto winners go broke. 9 mil is not as much as you think.

Nothing. Might take a few trips, take a few friends, help any family out that really need it, buy something special for the folks, and send $5,000 in cash to the person who gives you the best advice in this thread.

The oldest profession.

All I see is posts that are what they feel the other members would want to see.

No real honesty here. :nope: In real life that amount of money changes people especially if you've never had it before.

You'de all be Broke in a year. :haha: The statistics show that the wife already knows your stupid and will fritter it all away.

So they dump you first and get most of it with a sharp Attorney before you know what hit you. :yep:


Love is Blind until, Millions of $$$ Correct the Vision. :DL

First go to work, then after work go get the lottery money. After that go grab a couple of cigars and a bottle of Caol Ila and call up my best friend for a quiet celebration. After that would take some time off without any major spending to get over the shock of it all and then rationally start weighing my needs against my wants.
Would at first buy a house in a decent part of town, furniture and home electronics and all that crap without going overboard on that. A few more bottles of Caol Ila just so I could enjoy a nice glass of whisky when ever I felt like it. After that would invest about 3 mil and get a decent car, probably an M5. Then go through with my plans related to school, but with enough spending money to be comfortably off. After that could get an easy going job I like just to have something to do and then just enjoy life.

I have already been in the position of having more money than I know what to do with and squandered it, not again.

:haha:

I see the point you are attempting to make, however, it's a bit unfair to assume that that is what is occurring with some, if not all posts here.
Certainly from my post, it's about as honest as you are going to get it from me.
But to call it a dishonesty is unwarranted.
I think the best judge for the post that i posted, are people that know me.
I didn't post my response with the thought in the back of my mind of what other members would think of it.
Unfair judgment.
I think it's a thread for individuals to make up their own mind as to how much honesty will go into their post.
The extremes can be pointed out.
So far i haven't seen any blatant dishonesties that i can see.
If you are referring to my post, then i am happy to bisect and disect it for evaluation.

Perhaps I was a bit harsh but, my point was made and and easy gooogle will show statistics.

It's sad but true that most start out with best intentions but, falter along the way.

I will admit $9M isn't that much as oposed to the Mega millions that make normal people go spend crazy and lose it all. Well documented. :yep:

Btw I wonder where Neal came up with that $9M number.

Does HE got a big secret ? :hmmm:

Probably would invest most of it (with the help of someone good with that sort of stuff) Probably use the rest to get myself a comfortable life, + a good amount spent on games and gifting games to friends or setting up Steamgifts giveaways. :O:

Just 9 million huh.

Okay tell no one. Get a citizenship in a developed world which respects human rights.

Buy a decent but nothing excessive property there. Use small amount to start a business that you could enjoy doing. Nothing excessive. Start small and the idea is to develop and grow it or merely to earn your living. Keep most money in the bank deposit.

I'd also donate a small amount to charity.


I'd also probably break all friendship ties(go vanishing) and start all over :haha:

If the lottery was 9 billion I'd start an armed rebellion somewhere and get myself my own small country LOL
If it was 90 billion I'd buy myself a small country.
if it was 900 billion I'd buy myself the whole planet.