Whats the first thing you would do.............

Package

So heres the question..

what is the first thing you would do if you won the lotto, or 1 million euro, or something similar.

Or top 5 anyway.

Mine would be

1. Buy a nice new car
2. Look at buying a nice house
3. travel
4. give to charity
5. invent something



So what would YOU do

qo2cj1dsne8y4k

Collect it

stimpson

I'd try and earn some extra income part time.

Edit: changed my mind.

I'd like to travel the world

I'd like to get PAID for travelling

Or I just want to earn a little extra

I'd also like to watch a video

TommyKnocker

1: Collect it
2: Say nothing to nobody
3: Give up working
4: Move house
5: Enjoy life

caustic 1

Change my underwear.

sbsquarepants

How are winning the lotto and inventing connected?

My list would be

1 Spend
2 Spend
3 Spend
4 Spend
5 Spend

Menas

Check in to The Merrion hotel.
Collect it.
Plane to Fiji and then helicopter to an island called Liku Liku.

Cant see further than that to be honest!

iDave

Boring answer but I'd buy a house. Decent house nothing extravagant. Pay for it in cash, imagine being able to do that.
Even if I did blow the rest I wouldn't have that noose of a mortgage around my neck for a few decades.

maniac2000

Trigger Happy wrote: »

Check in to The Merrion hotel.
Collect it.
Plane to Fiji and then helicopter to an island called Liku Liku.

Cant see further than that to be honest!

I was gonna post my own but then I read this..... got it in one!

FURET

I'm young, so I'd invest 75% of it in an ultra-low-cost total stock market ETF and put 25% of it into a low-cost, short-term, high-quality corporate bond ETF, and rebalance once per year for 20 years. After 20 years, odds are it would have grown to approximately 5.6 million euro.

I'd continue to work and save on my current salary, but I'd save a little less.

Things I would not do:

• Buy a property with it unless I had a very good reason
• Use it to buy a car
• Think I was now rich
• Donate to charity
• Gift money to other people

mickdw

sbsquarepants wrote: »

How are winning the lotto and inventing connected?

lots of spare time to think and mess about in a well equipped workshop at home. Money for patent process etc.

Fran1985

€1million?

A decent House
a nice car
Holiday for about 6 months
Set up a business

Euromillions?
A big house
A big car
Go on lots of holidays.
Retire

Big Davey

Trigger Happy wrote: »

Check in to The Merrion hotel.
Collect it.
Plane to Fiji and then helicopter to an island called Liku Liku.

Cant see further than that to be honest!

Monday mornings are usually **** then I saw that place and I feel even more sorry for myself :-)

Menas

FURET wrote: »

Things I would not do:


[*]Donate to charity

why not?

Karl Stein

1. Gold teeth.
2. Fur coat.
3. Extravagant hat.
4. Silver tipped cane.
5. Expensive bling.

Menas

Big Davey wrote: »

Monday mornings are usually **** then I saw that place and I feel even more sorry for myself :-)

Sorry! I was there once and it is my dream to get back there again!

the groutch

pay boards.ie to make creating these stupid "if I won the lotto" threads a banable offence

doolox

Since the recent new of high salaries to CEO's of certain charities in Ireland I am inclined to think likewise.

Shenshen

The very first thing I'd do? Raid my local comic book shop and get all my wish list from Amazon.

Then go and have a meal with my husband at the Mexican restaurant in town to talk things over.

More long-term, depending in the size of the winnings, I would probably use it to set up a charity.
And possibly start a restaurant and bakery.

FURET

Trigger Happy wrote: »

why not?

Why should I? One million euro is not a lot of money for 32 year old from a long-term perspective. I would let it grow and compound five-fold for 20-25 years. If I were secure and in good health when much older, I might make a donation, when I'd have more to donate.

Warren Buffet waited to donate until he had 65 billion dollars, because he knew tens of billions of dollars would have far more effect than a few hundred million, but he needed time to pass in order for the money to compound sufficiently.

Korvanica

FURET wrote: »

I'm young, so I'd invest 75% of it in an ultra-low-cost total stock market ETF and put 25% of it into a low-cost, short-term, high-quality corporate bond ETF, and rebalance once per year for 20 years. After 20 years, odds are it would have grown to approximately 5.6 million euro.

I'd continue to work and save on my current salary, but I'd save a little less.

Things I would not do:

• Buy a property with it unless I had a very good reason
• Use it to buy a car
• Think I was now rich
• Donate to charity
• Gift money to other people

Sounds like loads of fun.

Duggy747

Well it's a lot of money so like some here have stated I'd have to take careful consideration into how I'd manage and invest it.


So I'd develop a clone of Freddie Mercury but in sloth-form.


You know, the usual lotto-winner dreams.

kstand

I'd buy a couple of houses then use some of it to do a degree/course in something new for a change of career. I'd also spend 10k on a holiday.

Lucas Hood

iDave wrote: »

Boring answer but I'd buy a house. Decent house nothing extravagant. Pay for it in cash, imagine being able to do that.
Even if I did blow the rest I wouldn't have that noose of a mortgage around my neck for a few decades.

Would you not be better off getting a mortgage? Let the interest you earn from the winnings pay for it.

Lucas Hood

I'd be booking a holiday to Vegas for all the friends and family and get hitched over there.

Penny Tration

Buy a house.
Pay off the last 35k of my parents' mortgage.
Go back to the Seychelles for a holiday.
Pay for the kid sister to go to college.

Voodoomelon

I'd go into Maplins and buy a hard drive. Might have a couple of euro change left.

Just a little Samba

Package wrote: »

So heres the question..

what is the first thing you would do if you won the lotto, or 1 million euro, or something similar.

Or top 5 anyway.

Mine would be

1. Buy a nice new car
2. Look at buying a nice house
3. travel
4. give to charity
5. invent something



So what would YOU do

Fund my Ph.D. Besides that I'm pretty set and I'll probably be funded when I bother to submit applications anyway.

I travel for work so buying a house would be stupid of me unless I was trying to use it as an investment for as a buy to let thing, but that's not a very good idea right now with the big D word hanging over the Euro Zone.

Set up a trust-fund or buy some bonds for my two nieces maybe?
Pay off my mum's mortgage?
I guess I could offer to not take a wage for a few years and save the organisation I work for some money which they could use to hire more staff or something?

Is there anything to be said for some coke and hookers?

Blingy

Check into a five star dublin hotel
Collect the winnings.
Fly to the Maldives with the family
Then decide where I want to live and buy a house.

FURET

Korvanica wrote: »

Sounds like loads of fun.

Well, it would be after a while. When it reached 2.5 million, I'd probably be around 43 years old and could semi-retire. Probably move to Mexico or Panama, work free-lance remotely, and spend half the year travelling.

Package

FURET wrote: »

Things I would not do:
[*]Donate to charity

Living the high life huh? Watch out Playboys of the world

FURET wrote: »

Things I would not do:
[*]Donate to charity

Trigger Happy wrote: »

why not?

exactly much rather having it sitting under a matress for 20 years

the groutch wrote: »

pay boards.ie to make creating these stupid "if I won the lotto" threads a banable offence

living up to your name i see

FURET wrote: »

Why should I?

because there are people who need it? thats probably why you should. Nobody would suggest you give half a mill. would you not throw a hundred euro at the Irish Youth Foundation or Concern or anything? mean pox

Duggy747 wrote: »

Well it's a lot of money so like some here have stated I'd have to take careful consideration into how I'd manage and invest it.


So I'd develop a clone of Freddie Mercury but in sloth-form.


You know, the usual lotto-winner dreams.

Now THATS how ya do it

Mint Sauce

Just a million?

Collect
Pay off mortgage, and finish home improvements
New car
Buy investment property and hopefully sell at profit
Hold on to current job incase being a property developer fails.

Just a little Samba

Mint Sauce wrote: »

Just a million?

Collect
Pay off mortgage, and finish home improvements
New car
Buy investment property and hopefully sell at profit
Hold on to current job incase being a property developer fails.

I wouldn't recommend that in the next 12-18 months to be honest.

Buona Fortuna

Quietly close my Boards account.

Live the life of a modest Maharaja.:D

Mint Sauce

Just a little Samba wrote: »

I wouldn't recommend that in the next 12-18 months to be honest.

Despite the recent rises in property prices?

desertcircus

If a million: buy a house, spend silly money on my hobbies, invest the rest long-term, then get used to the 1.5k a month raise we'd just awarded ourselves by buying outright.

If over ten million: at that stage, a 5% annual return would net you over 300k a year after tax. I'd quit my job, hire a triathlon coach, try to write the novels I've been halfassing for the last couple of years, and spend every summer travelling. And I'd start drinking ridiculously expensive whisky.

Just a little Samba

Mint Sauce wrote: »

Despite the recent rises in property prices?

Yes, there are several factors which could have significant roles to play in property prices in Ireland, especially Dublin, in the next year or so.

Deflation being the major issue but the restructuring of the debts of AIB and BOI will also have a part to play. Even with Lone Star hoovering up most of it, the sales will have a knock on effect on prices eventually.

The first €650m worth of loans AIB sold last autumn is just the start from what I've been told, once the government shares of AIB are sold off the bank will have a massive restructuring of their debts.

jamesbere

Sensible me

Buy some property
give some to family
pay off debts
go on holiday

Non sensible me

Blackjack and hookers

JanaMay

I'd bring my kids to Disneyland. Pay off my mortgage and buy a little place in Dublin. Quit my job, or at least work much, much less. Help out my siblings with their mortgages. Spend more time with my family. The best thing that money can buy is time to spend however you want to.

csallmighty

One million is the perfect sum of money to win. More than enough for short term security and not enough to ruin your life (if you're smart with the money)

I'd buy a house and use the rest to start my own business. Then invest what ever is left.

Nucular Arms

I'd buy a crystal bucket for my slop water.. and a brand new filthy blanket.

Your Superior

Amazing how far some people in this thread think a million will stretch.

unjedilike

My own Indonesian chef, then send them on a Vietnamese Curry course. Then never leave the house and die within two years due to extreme obesity

Mint Sauce

Your Superior wrote: »

Amazing how far some people in this thread think a million will stretch.

What would you do then?

BabysCoffee

Package wrote: »

So heres the question..

what is the first thing you would do if you won the lotto, or 1 million euro, or something similar.

Or top 5 anyway.

Mine would be

1. Buy a nice new car
2. Look at buying a nice house
3. travel
4. give to charity
5. invent something



So what would YOU do

You don't need to win the lotto to invent something and the lotto win possibly isn't something that will add to your creativity!

I'd give my friends and family a share of my winnings!

Mint Sauce

Just a little Samba wrote: »

Yes, there are several factors which could have significant roles to play in property prices in Ireland, especially Dublin, in the next year or so.

Deflation being the major issue but the restructuring of the debts of AIB and BOI will also have a part to play. Even with Lone Star hoovering up most of it, the sales will have a knock on effect on prices eventually.

The first €650m worth of loans AIB sold last autumn is just the start from what I've been told, once the government shares of AIB are sold off the bank will have a massive restructuring of their debts.

Surely though in the short term paying cash, i dont have the interest or early repayment charges, pick properties that need a little work, has to be some profit in the current climate. Even if you were to rent it out for a while, there should be a good yeild on the investment.

orchidsrpretty

I'd try grab me a small holding of land somewhere in the sunny south-east near a river for my new hobby of kayaking, and try my hand at farming truffles (if possible in our climate i dunno), start breeding dogs (boxer probably), have me some alpacas and raise some chicken/turkey/geese etc. no expensive overheads of machinery. place would have a cellar take rosslare boat and stock up on wine to age, drink or sell from different regions. would build a survival bunker for z-day, food,water, fuel, weapons etc

p.s. on charity feck that something like 90c on the euro goes to management fees/lining corrupt governments pockets etc..

Kev_2012

2 chicks at the same time

Tonyandthewhale

orchidsrpretty wrote: »

p.s. on charity something like 90c on the euro goes to management fees/lining corrupt governments pockets etc..

Depends on the charity. Some of the NGO's working in Africa and the like might end up handing a lot of their money over to corrupt local bureaucrats and others definitely pay very high wages to their CEO's etc. However that's not the case for all charities. Take the samaritans for instance, that's a 99% volunteer organisation. A handful of people working full time for sensible wages and all the rest of the money raised just goes to keeping the lights, providing the service and getting the message out. Plenty of decent, well run charities out there if you do a little research.

As for me, if I won the lotto the first thing I'd probably do is misplace the ticket and forget about it.

Your Superior

Mint Sauce wrote: »

What would you do then?

just put it into investments and leave it.

Your Superior

Kev_2012 wrote: »

2 chicks at the same time

perfect reference. well played.