What would you do if you won $47 Million?

[prohornblower]

Also, everyone who feels the need to pay their family members a proportionally in terms of how much they took home, let me pose this question:

If you WEREN"T in the media, and nobody (including your family) knew that you won the lottery or more specifically how much you won, would you be truthful and honest about how much you won? Would you still be so generous with your money? Or ONLY if you are plastered all over TV?

I'm willing to bet that 90% of you would lie through your teeth to your family. Only when plastered all over the media would you suddenly be so generous.

In other words, say your family thinks you won $13MM when you actually won $26MM or $47MM. Would you still be giving them as much money as you claim you would in this thread (thinking you won $47MM)? I would almost guarantee that none of you would. You'd lie about it, which would lead to further problems down the road.

The best method is to lay out simple guidelines from the get-go, and give everyone the same amount of $$$. Don't buy one person a set of golf clubs and another a plasma. I guarantee you'll hear from your golf buddy that you didn't get him a plasma, and vice versa. Just keep it simple, give out cash to all of them, on the same day, in equal amounts, commensurate with rising inflation.

EDIT: I'm going to bed now. I hope everyone lets this stuff seep in overnight. Tomorrow you'll all be a bit wiser about this. Jumping to conclusions as if you know what it would be like to be in this situation is just stupid. All we can do is speculate.

[Bobb]

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No, winning $47MM should be understanded as the lotto, and also as thus being pre-taxed. I didn't really think it needed to be clarified, but when questioned way back on page 1 or 2, I gladly answered that it was pre. I'm sorry you can't read.

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I can read just fine. Apparently you can't spell. Understanded? Try "understood" next time.

And why is it that winning $47 million should be understood as the lotto, why not the WSOP in 15 years? Or a bet with a drunken Bill Gates? Trust me, you make a thread with the title "What would you do if you won $47 Million?", your the idiot for expecting people to reply as if it was 13 million.

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I think it's hilarious that $10K/year/family member is a disrespectful mouth-pissing if I won $47MM, but it's perfectly fine if I "only" took home $26MM.

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10k/year isn't fine if you take home 47 million, just as it's not fine if you take home 26 million. Even in you gave your parents 3 million each, you still have 20 [censored] million left.

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People are doing the wrong thing, in thinking the amount you give away needs to be proportional to the amount you took home. I think the amount I give away should be more regulated by how much it will change my family members. If this doesn't make sense, then let me clarify. If I won $2MM dollars take home, I would still stipend $10K/year/family member. As I would had I took home $200MM. I also said I'd go as high as $20K, but likely no more than that. Giving more than $20K to a brother or sister may make them think they can quit going to school or working, which could lead to big problems down the road.

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So you'd win 200 million bucks and NOT allow your family members to never have to work again? WOW.

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Let me repeat

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No.

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Simply put, if I won $2MM, and my family was fine with getting a free $10K per year, why would they not also be fine getting $10K per year if I won more than $2MM? Why do they "deserve" more? Just because I won more? That's silly and dangerous logic.

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Nobody is saying their family members "deserve" a specific amount, they're saying that with 47 er, 26 million dollars, they would rush to give their families as much money as they could. Because they would WANT to, not because they have to. But, as this thread has shown, generosity is a concept that went over your head.

[guids]

Hey, bob, listen, I said I wasnt going to make any more replies, in this thread, but I want to save you the trouble before you get a pm like prohorn has been doing trying to belittle me. Just let it go, he is a cheap [censored], and wont admit it, it is no big deal, just be glad you are not his parents.

[BeaucoupFish]

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Yeah, I guess I'd hate my son for giving me free money every year.

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OK, fine, I've reconsidered...I'd give my dad $3M so he can live freely for his remaining 30 years. I'd give my mom $3M so she can as well.


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I was pretty sure you had just not thought much about your initial 'stipends' ($10k-$20k), and I'm happy to see you reconsidered...!

The interesting point that you bring up is how huge windfalls often cause huge amounts of distress to the beneficiary. Moderate amounts of money might buy happiness. Huge amounts seem to buy misery?

Isn't it common for lottery winners to receive the services of specialist financial advisors? I wonder if they advise to go nuts for the first few weeks, since you might end up miserable later...

[scotchnrocks]

I'd get diamonds embedded in the right side of my face and two more monitors so I could multi-table OOT.

[CheckCheckFold]

Poll time, what do you thik of the OP, prohornblower?

[ddubois]

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phb,

Who said anything about giving away all your money? Your initial post had you giving your immediate family 10k annual stipends from a 47M windfall.

Even if you had a lump sum of $15M as opposed to $50M, I consider it a complete bitch move to do this:

"Hey mom/dad/sis, I just had a windfall of $15M. I am gonna use about $600k of that and set up an annuity for you guys. You will not get anything more, so don't ask. I'm really busy so I can't bother to call or come see you, but this email should be fine for you. Oh, I'm taking off for a while, won't say where I'm going, I'll let you know when I get back, just don't want you leaking it to anyone. Later."

"Hey friends, you have probably heard by now that I came into a big chunk of money. Just wanted to let you know that I'm not going to be giving anyone any money, so don't bother asking. If you want to take out a loan, let me know and I'll see what I can do about loaning you money at prime interest rate w/ standard loan conditions."

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Finally someone gets it.

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Is this unintentional humor?

This certainly is:

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Tomorrow you'll all be a bit wiser about this.

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[Fedfan691]

Pool filled with jello

[Fedfan691]

Order 94 million apple pies off the mcdonald's dollar menu

[gorie]

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Order 94 million apple pies off the mcdonald's dollar menu

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you obviously haven't had the cherry pies.