$1 billion+ (915 million euros)--What would be the first thing you'd do if you won?

Liamario · 08-01-2016 12:03PM

I'd be very sensible I think. I also think that I'd feel guilty spending the money at all. I've always been like that. Reluctant to spend money as I don't feel I deserve it. Maybe it's a confidence thing.

Anyway, I think I'd like to build a sporting ground- pool, track, pitches,gym. Make the membership cheap as chips and treat it as a not for profit. I'd hire those who are out of work as a first choice. I'd also try and do this as anonymously as possible.
I also think I'd like to set up a non-denominational school, for those parents who don't want to be held hostage by catholicism.

Clandestine · 08-01-2016 12:15PM

I'd get a lawyer and an accountant

smash · 08-01-2016 12:17PM

Permabear wrote: »

This post had been deleted.

This is what I'm wondering about. There's no tax on the winnings in Ireland, but you'd have to claim the winnings in the States and if you wouldn't be offered the 700m, just the lower amount for taking the lump sum. If you chose the payout over 30 years, you'd presumably be taxed on it in Ireland as earnings coming from the states.

Either way, you're never getting 700m. No matter where you're from.

Permabear · 08-01-2016 12:28PM

This post has been deleted.

brian_7070 · 08-01-2016 12:32PM

When did we all get so sensible what ever happened to the party island or cocaine and hookers.

Liamario · 08-01-2016 12:33PM

Permabear wrote: »

This post had been deleted.

US lotteries are taxed normally if you take the full sum on one go.

Permabear · 08-01-2016 12:35PM

This post has been deleted.

Kirk Van Houten · 08-01-2016 12:37PM

"It wouldn't change my life. I'd keep working etc" People like that should feck right off and stop playing the lotto.

Galway K9 · 08-01-2016 12:42PM

I'd buy penis reduction surgery.

Neyite · 08-01-2016 12:58PM

Kirk Van Houten wrote: »

"It wouldn't change my life. I'd keep working etc" People like that should feck right off and stop playing the lotto.

I totally don't get these fools at all. Why bother doing the lottery if you don't want your life to change? Surely that's the point of doing the lottery!!

And on a realistic level, surely working with a smug git of a lotto winner like would be insufferable, and bad for staff morale. I reckon they should bring in mandatory resignation if a person wins the jackpot, just to spare the poor colleagues from listening to them.

Liamario · 08-01-2016 12:59PM

Galway K9 wrote: »

I'd buy penis reduction surgery.

They haven't invented small enough tools for that yet. At least that's what ur ma says when we talk about you.

Chain Smoker · 08-01-2016 01:18PM

Invest a huge chunk in something which, without reading anything up on its shares at all, I've convinced myself can only continue growing (albeit much slower than before) like Amazon

The stupid thing I'd do is try to set up Longford Town as having a really good youth academy.

Sleepy · 08-01-2016 01:21PM

Kirk Van Houten wrote: »

"It wouldn't change my life. I'd keep working etc" People like that should feck right off and stop playing the lotto.

I don't get the "wouldn't change my life" but I do get the keep working part. Now, I'm not saying I'd keep working for the company I work for but I think I'd definitely find some sort of voluntary position even if I were financially in a financial position where I didn't need to earn a salary.

It's good for the soul imo and a scary amount of men seem to pass away within a year of two of retirement so it wouldn't seem to be good for the health either.

As for the stupid stuff? Can Disnelyand be privately rented for a day or three?

wil · 08-01-2016 01:56PM

Mountainsandh wrote: »

Pay off my mortgage, give money to my family, and pack my (and my own family's) suitcases to travel the world.

for 700m you could build a bigger house and have most of the world delivered.

Anyway, I'd start by setting up a support group for bankrupt lotto winners.
At least have something to fall back on.

As for hiring accountants and financial advisers, isn't that where some lost their fortunes.

branners69 · 08-01-2016 02:03PM

Galway K9 wrote: »

I'd buy penis reduction surgery.

Why, what height are you now?

Caliden · 08-01-2016 02:29PM

Clandestine wrote: »

I'd get a lawyer and an accountant

I'd get 2 of each to keep them in check.

Eugene Norman · 08-01-2016 02:51PM

Permabear wrote: »

This post had been deleted.

It really doesn't matter. That's hard to spend. Even spending on big houses, flashy cars, a yacht and a private jet is really just the cost of depreciation. And the house could appreciate.

You often hear about sob stories about rock stars being so broke they have to sell the mansion, but that's not broke in terms of wealth, it's just a cash flow problem. They're changing asset states.

Eugene Norman · 08-01-2016 02:53PM

Sleepy wrote: »

I don't get the "wouldn't change my life" but I do get the keep working part. Now, I'm not saying I'd keep working for the company I work for but I think I'd definitely find some sort of voluntary position even if I were financially in a financial position where I didn't need to earn a salary.

It's good for the soul imo and a scary amount of men seem to pass away within a year of two of retirement so it wouldn't seem to be good for the health either.

As for the stupid stuff? Can Disnelyand be privately rented for a day or three?

I'd buy a tech company that was ticking over and pay myself a CEO salary. Be grand.

BorneTobyWilde · 08-01-2016 02:56PM

I would travel and pretend I have no money
''Coming to America'' except for real

Canis Lupus · 08-01-2016 03:39PM

smash wrote: »

Remember people, this is in the states. After taxes, the winner will probably only get a quarter of the money if they're lucky.

A paltry 175 mill.... How will they ever live on that.

Permabear · 08-01-2016 03:43PM

This post has been deleted.

Caliden · 08-01-2016 04:04PM

This is a great post from reddit on what to do if you win, well worth a read (it's quite long)

https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba4bf

TLDR: Invest a third of it so you have a salary to fall back on when you inevitably spend/lose the rest.

FatherTed · 08-01-2016 04:05PM

Buy boards.ie and ban all the mods.

Whitewinged · 08-01-2016 04:07PM

I'd probably make sure all my extended family were financially comfortable and then go on a very luxurious holiday for a year to let the shock sink in. Then I would think about what I would do with the money.

OU812 · 08-01-2016 04:12PM

https://www.youtube.com/watch?v=A939QRRSNV4

Rented Mule · 08-01-2016 06:03PM

Permabear wrote: »

This post had been deleted.

This is why you take it over the 28 years. The money is put into a trust and it is 'safe' from market fluctuation/crashes.

It's currently at over $800 million and climbing. They are saying that it could hit $1 Billion. You're looking at $22 million per year for 28 years after taxes. You couldn't spend that much money.

It's the people who take the lump sum that are the ones who end up losing the plot.

suicide_circus · 08-01-2016 06:16PM

That's a fairly obscene amount of money, I'd probably have to become a philanthropist and do "good works" to ease my conscience. While privately living a life of decadence and hedonism.

Cee-Jay-Cee · 08-01-2016 06:21PM

Id put €500 of heating oil in the oil tank, buy 4, no...5 tubes of prawn flavoured Pringles and watch Netflix/sky movies for a few weeks and order in food every day. Then I'd decide what to do with the rest of the money.

Permabear · 08-01-2016 06:26PM

This post has been deleted.

JustAThought · 08-01-2016 06:31PM

I was so involved in my fantasy on my 150 ft crewed vintage yacht stopping in different countries in a grand tour around the wirkd with healhty 5 star chef that it timed out

But it was AMAZING while it lasted!

$1 billion+ (915 million euros)--What would be the first thing you'd do if you won?

Comments