What Would You Do With 1.5 Billion?

[PepperPottsJ]

A woman after my own heart, was coming in to start this thread...

[PepperPottsJ]

PSA - if you win get a great lawyer and someone to manage your money before you claim you prize. The tax implications could be devastating and DNW any of my GKU ladies becoming a lottery statistic!!

[nuggetrn]

Jan 12, 2016 18:47:51 GMT -5 PepperPottsJ said:

PSA - if you win get a great lawyer and someone to manage your money before you claim you prize. The tax implications could be devastating and DNW any of my GKU ladies becoming a lottery statistic!!

You're so cute and sweet. Lol

[thechickencoop]

Right??? I can't even wrap my brain around it. Plus it won't fit on our billboards. They just have it saying 999 million which is stupid IMO.

[♪♫choppinbroccoli♫♪]

Hookers and blow.

[Rama]

Worry and cry. A lot. That much money terrifies me. But not enough to not play, apparently. I just hope there are a gaggle of winners.

[♪♫choppinbroccoli♫♪]

Jan 12, 2016 18:54:35 GMT -5 ****** said:

Jan 12, 2016 18:53:51 GMT -5 ♪♫choppinbroccoli♫♪ said:

Hookers and blow.

best live answer everrrrr!!!!

I'm really glad that at least one person got the reference. I was nervous. LOL.

[nuggetrn]

Pay off the house. Give a bunch away. Invest. Travel.

[mill23]

ugaqueencity that gif is the best. I keep watching it.

Though us lowly Canadians have to work hard to win it, it would be worth SOOOO much more with our shitty loonie.

H and I talked about it, and we'd definitely by a cottage on the beach for my family, pay off all the mortgages for us and our families, and then travel the world. Live off the interest.

I'd love to buy a huge plot of land and build houses for my BFFS to come live on the compound with us, sister wife style, without sharing the husbands but WITH lots of wine nights and puppies.

[Rama]

Jan 12, 2016 18:58:00 GMT -5 ****** said:

Jan 12, 2016 18:56:52 GMT -5 Rama said:

Worry and cry. A lot. That much money terrifies me. But not enough to not play, apparently. I just hope there are a gaggle of winners.

oh! Yay! Someone else who uses the term "gaggle". I've never heard anyone besides my grandma use it!!! Lol

Gotta dust that one off every now and then. ;)

[onesweetworld]

I'm also not telling anyone IRL when I win.
I'm going to hire PepperPottsJ's lawyer and wannabmama.
Then I'll get a money manager.

Then I'm paying off all debt. Mine and everyone I like.
Each family member gets a new home and a trust to pay taxes for 50 years.
Private plane for all of my GKU friends and an amazing Tahiti vacation for a week and then over for a Safari in Kruger National Park with a stop over at the Burj Al Arab in Dubai.

I'd pay for IVF for all of you that need it.

I'd expand my company line with products.

Oh, I'd fine a piece of property and start my own community of all of my friends.
Especially those of you who are living with your in laws.

[mill23]

Jan 12, 2016 18:59:13 GMT -5 ugaqueencity said:

Buy a house in Charleston and Paris, I think anywhere else I'd want to visit I can just stay in a swanky hotel

Hire a personal trainer, I know so boring but I dream of it everyday at the gym

Hire a full time hair and make up person so I can be the laziest rich person ever

Buy all the clothes and shoes and purses for my ginormous closet

And obviously give money to family and a couple charities that are close to my heart

Yes an apartment in Paris!! High on my list as well.

[nuggetrn]

Jan 12, 2016 19:00:33 GMT -5 onesweetworld said:

I'm also not telling anyone IRL when I win.
I'm going to hire PepperPottsJ's lawyer and wannabmama.
Then I'll get a money manager.

Then I'm paying off all debt. Mine and everyone I like.
Each family member gets a new home and a trust to pay taxes for 50 years.
Private plane for all of my GKU friends and an amazing Tahiti vacation for a week and then over for a Safari in Kruger National Park with a stop over at the Burj Al Arab in Dubai.

I'd pay for IVF for all of you that need it.

I'd expand my company line with products.

Oh, I'd fine a piece of property and start my own community of all of my friends.
Especially those of you who are living with your in laws.

Man I hope you win.

This sounds like the best plan.

[LadyNymeria]

Jan 12, 2016 18:57:48 GMT -5 ♪♫choppinbroccoli♫♪ said:

Jan 12, 2016 18:54:35 GMT -5 ****** said:

best live answer everrrrr!!!!

I'm really glad that at least one person got the reference. I was nervous. LOL.

Heard it on the radio last Friday. Couldn't stop laughing.

[Rama]

Jan 12, 2016 19:01:21 GMT -5 ugaqueencity said:

Jan 12, 2016 18:56:52 GMT -5 Rama said:

Worry and cry. A lot. That much money terrifies me. But not enough to not play, apparently. I just hope there are a gaggle of winners.

If it makes you feel better, if you win you'll only get like 500 million after taxes and such. And that's if you're the only winner

Not if you claim it right. This is why you get a financial planner. Also, a 70% reduction for taxes is ludicrous and I highly doubt it would come out to that much.

[PepperPottsJ]

Jan 12, 2016 18:59:13 GMT -5 ugaqueencity said:

Buy a house in Charleston and Paris, I think anywhere else I'd want to visit I can just stay in a swanky hotel

Hire a personal trainer, I know so boring but I dream of it everyday at the gym

Hire a full time hair and make up person so I can be the laziest rich person ever

Buy all the clothes and shoes and purses for my ginormous closet

And obviously give money to family and a couple charities that are close to my heart

Charleston is my second favorite place in the continental US! Well chosen!

[PepperPottsJ]

Jan 12, 2016 18:50:37 GMT -5 ugaqueencity said:

Jan 12, 2016 18:47:51 GMT -5 PepperPottsJ said:

PSA - if you win get a great lawyer and someone to manage your money before you claim you prize. The tax implications could be devastating and DNW any of my GKU ladies becoming a lottery statistic!!

I'm so obsessed with the TLC show The Lottery Ruined My Life or whatever it's called. I'm not telling anyone when I win tomorrow

I didn't know this was a show, must find!!!

[onesweetworld]

MH and I just talked about opening animal shelters and getting all of the animals spayed and neutered.

[♪♫choppinbroccoli♫♪]

Jan 12, 2016 19:19:05 GMT -5 onesweetworld said:

MH and I just talked about opening animal shelters and getting all of the animals spayed and neutered.

What about some inventions? Perhaps YH would like to get some things patented.

[butlerfan]

Well first I would probably need to go to the hospital and restart my heart because I would be in so much shock.

But consult with someone before claiming...there are HUGE tax implications with winning this.

We would pay off my car, buy a new car for H, pay off the rest of my student loans, buy a house, and go on a fancy vacation. Qe would invest some and save a bunch as well. We would then have the serious question/discussion of now that we have this money how do we get the baby we want...IVF or adoption.

[wannabmama]

I'm cool with you winning onesweetworld your plan is on point! I won't even bill you...just bring me on these awesome trips, k?! Maybe let me live part time in your friend community?!

If it was me...
I would hire an attorney (can't be my own you know what they say...a lawyer who represents themselves has a fool for a client)...and three financial planners who have to agree on everything before I do anything with the money. Then I'd pay off H's student loans and my house, my parents' house, and maybe my brother's...he's being a pill lately so we'll see...

Then I'd pack up the dogs and H and go to a tropical island to figure out what to do next.

I'd at least get a horse farm to rescue horses and run a nonprofit that brings kids out to to the farm to work with and ride the horses. In my spare time, I'd plan amazing parties (y'all are invited) and write novels.

I'm sure we'd end up with boats and a few vacation homes. I'd definitely have guest homes everywhere so my friends can come play with me but have their own space, too. And my dogs would travel with me everywhere. I hate leaving them behind when we go out of town!

I'd set up a program to pay back student loans for people who do good things (I decide what's good) after school.

And if have a stylist, makeup and hair person of course!

You know...to start...

[mikaela20]

Pay off our student debts then buy a house in my dream neighbourhood in the city, buy a retirement house for my dad, and pay off my brother and my mom's morgage. Unfortunately, I need about 2.5Mil for all that, but I will have to just do with whatever I can get

ETA Billion :eek: Oh wow....I need bigger dreams to spend all that money.

[daisy818]

Jan 12, 2016 19:07:43 GMT -5 Rama said:

Jan 12, 2016 19:01:21 GMT -5 ugaqueencity said:

If it makes you feel better, if you win you'll only get like 500 million after taxes and such. And that's if you're the only winner

Not if you claim it right. This is why you get a financial planner. Also, a 70% reduction for taxes is ludicrous and I highly doubt it would come out to that much.

There's a reduction off the top if you take the cash option (instead of the 30 year annuity) - I think that would drop it right off the bat to 950 million or so.  Then taxes come out of that (39.6% federal I think, plus whatever state taxes might apply).  

[daisy818]

With this big of a jackpot, my normal plans would be out the window and I'd go more with @pineappleoranges plan. I would also get a bunch of pugs (technically, a group of pugs is called a grumble, so I'd get a grumble of pugs) and then I'd build them a little play house that would be larger than the apartment I lived in in NYC. I'd basically become an eccentric pug lady.

[Quinstar]

A brand new Case Steiger 600, in Steiger green s-media-cache-ak0.pinimg.com/736x/4d/e2/b5/4de2b59050ff0aeadbdf6fdb46d5545d.jpg

DH and I decided that if we got a big enough lotto win, after taxes and all, we'd give everyone in our close families enough money to pay off all their debt and houses etc. The rest of it we would put into buying ground, machinery, grain silos, a new heated shop, then probably hire someone to run most of it, so we could at least go on vacation during the winters. And then put a couple million into a savings so that we have retirement.

We could spend so much of it on agricultural farm stuff, it would probably help even the score a little when it came to taxes. DH would NEVER stop farming, we'd probably end up bankrupt after farming it all away

We would find a charitable cause as well, we'd want to give back to the community, churches etc.

As for me, I'd have our house renovated to the hilt, and buy a romba. Or whatever that little robot that vacuums is called. And then I'd hire a personal trainer to make me loose the extra weight, and buy a whole new wardrobe. That's about the extent of my wildest dreams, haha.

ETA:
I found the paper we wrote down everything we'd buy if we won a jackpot, we talked about it last year in depth for fun. Even with buying all new farm equipment and like 12,000 acres, and all the other personal and family things, we'd only need 60 million. Only 60 Million yall. 

[requiressnacks]

Quit my mutha fucking job.

[onesweetworld]

Jan 12, 2016 19:27:32 GMT -5 ♪♫choppinbroccoli♫♪ said:

Jan 12, 2016 19:19:05 GMT -5 onesweetworld said:

MH and I just talked about opening animal shelters and getting all of the animals spayed and neutered.

What about some inventions? Perhaps YH would like to get some things patented.

He would do that too. And some bulldozers and race cars.

[Rama]

Jan 12, 2016 19:39:48 GMT -5 daisy818 said:

Jan 12, 2016 19:07:43 GMT -5 Rama said:

Not if you claim it right. This is why you get a financial planner. Also, a 70% reduction for taxes is ludicrous and I highly doubt it would come out to that much.

There's a reduction off the top if you take the cash option (instead of the 30 year annuity) - I think that would drop it right off the bat to 950 million or so.  Then taxes come out of that (39.6% federal I think, plus whatever state taxes might apply).  

Yeah, we wouldn't be taking the cash option. But I'm still not convinced it would be a 70% reduction, unless, maybe, you're just showing up without talking to someone. Maybe.

[daisy818]

Jan 12, 2016 19:50:46 GMT -5 Rama said:

Jan 12, 2016 19:39:48 GMT -5 daisy818 said:

There's a reduction off the top if you take the cash option (instead of the 30 year annuity) - I think that would drop it right off the bat to 950 million or so.  Then taxes come out of that (39.6% federal I think, plus whatever state taxes might apply).  

Yeah, we wouldn't be taking the cash option. But I'm still not convinced it would be a 70% reduction, unless, maybe, you're just showing up without talking to someone. Maybe.

Yeah, you def end up with more money total with the annuity.  Not much of a way to avoid federal taxes though, and the annuity would still be large enough that each installment would have the 39.6% tax.  Maybe you could quickly buy a house in a non-income tax state?

[PepperPottsJ]

Jan 12, 2016 19:50:46 GMT -5 Rama said:

Jan 12, 2016 19:39:48 GMT -5 daisy818 said:

There's a reduction off the top if you take the cash option (instead of the 30 year annuity) - I think that would drop it right off the bat to 950 million or so.  Then taxes come out of that (39.6% federal I think, plus whatever state taxes might apply).  

Yeah, we wouldn't be taking the cash option. But I'm still not convinced it would be a 70% reduction, unless, maybe, you're just showing up without talking to someone. Maybe.

I am such the Debbie downer in this thread... Always assume even with the haircut, you can invest your money better than the gov't can for you. I haven't looked at stats recently, however historically, over time, personal performance has been better than the annuity xoxo