What would you do if you won $47 Million?

[El Ishmael]

[ QUOTE ]
If you were my kid and gave me 10k a year, Id disown you, thats [censored] insulting.

[/ QUOTE ]

This is the point. Nobody cares if you get disowned when you have 47M. The roles are reversed.

[jschaud]

suprised no one said it yet, but i would play in the big game , and quit the second i was up anything, if that ever happened, just to talk smack.

[Gunny Highway]

[ QUOTE ]
suprised no one said it yet, but i would play in the big game , and quit the second i was up anything, if that ever happened, just to talk smack.

[/ QUOTE ]

...easy come, easy go.

[capone0]

It's not like your getting 47 million every year. It's a 1 time event and yes it is a lot of money but I don't think you can hand out 50k to every family member every year (I assume your talking about immediate family). If this is a lotto. First of all it's heavily taxed. Second of all are you taking it all at once and does this include that. If it does, then it's a rather large sum of money. If it isn't, you cut is going to be even smaller. Let's say you take it for 20 years. Thats only a little over 2 million a year pre-taxes and about 1.5 million after taxes. So giving out let's say 50k a year, is a large sum of money for this prize although you could easily survive. Let's say you do take it in a lump sum. The interest alone if you get a decent rate should let you survive for a long time but it's not world changing money but rather life changing money and many lottery winners haven't spent their money wisely.

[prohornblower]

[ QUOTE ]
It's not like your getting 47 million every year. It's a 1 time event and yes it is a lot of money but I don't think you can hand out 50k to every family member every year (I assume your talking about immediate family). If this is a lotto. First of all it's heavily taxed. Second of all are you taking it all at once and does this include that. If it does, then it's a rather large sum of money. If it isn't, you cut is going to be even smaller. Let's say you take it for 20 years. Thats only a little over 2 million a year pre-taxes and about 1.5 million after taxes. So giving out let's say 50k a year, is a large sum of money for this prize although you could easily survive. Let's say you do take it in a lump sum. The interest alone if you get a decent rate should let you survive for a long time but it's not world changing money but rather life changing money and many lottery winners haven't spent their money wisely.

[/ QUOTE ]

Thank you. Many lotto-winners have absolutely no clue what they can and can't afford.

[_TKO_]

[ QUOTE ]
[ QUOTE ]
It's not like your getting 47 million every year. It's a 1 time event and yes it is a lot of money but I don't think you can hand out 50k to every family member every year (I assume your talking about immediate family). If this is a lotto. First of all it's heavily taxed. Second of all are you taking it all at once and does this include that. If it does, then it's a rather large sum of money. If it isn't, you cut is going to be even smaller. Let's say you take it for 20 years. Thats only a little over 2 million a year pre-taxes and about 1.5 million after taxes. So giving out let's say 50k a year, is a large sum of money for this prize although you could easily survive. Let's say you do take it in a lump sum. The interest alone if you get a decent rate should let you survive for a long time but it's not world changing money but rather life changing money and many lottery winners haven't spent their money wisely.

[/ QUOTE ]

Thank you. Many lotto-winners have absolutely no clue what they can and can't afford.

[/ QUOTE ]

Many people who play the lottery aren't incredibly good with their money to start with.

PS: What's up with abbreviating million as "MM". I thought it was just one M.

[guids]

[ QUOTE ]
It's not like your getting 47 million every year. It's a 1 time event and yes it is a lot of money but I don't think you can hand out 50k to every family member every year (I assume your talking about immediate family). If this is a lotto. First of all it's heavily taxed. Second of all are you taking it all at once and does this include that. If it does, then it's a rather large sum of money. If it isn't, you cut is going to be even smaller. Let's say you take it for 20 years. Thats only a little over 2 million a year pre-taxes and about 1.5 million after taxes. So giving out let's say 50k a year, is a large sum of money for this prize although you could easily survive. Let's say you do take it in a lump sum. The interest alone if you get a decent rate should let you survive for a long time but it's not world changing money but rather life changing money and many lottery winners haven't spent their money wisely.

[/ QUOTE ]

[censored] the tax discussion, the op said 47 million, Im not going to be a nit and figure in taxes. I take that 47 million, I give 5 million to my parents. They put it in the bank, earn interest off it, thats a quarter million a year, they hvae to spend w/ no mortgage anymore becuase I bought their house. But, Im sure my parents who payed about 50k for my high school education, fed, clothed, housed, bought me my first car, etc, wouldnt take insult to the fact that I dont trust them enough to "allow" them to have more than 10 or 20k a year.

[capone0]

Okay if i got 47 million clear of taxes then maybe your stuff makes sense otherwise it doesn't. 10k isn't a ton of money but it is still a considerable amount of money especially if it is given each year. If I was given 10k a year I'd be damn happy. Yes your parents might deserve considerably more but my brother does not.

[Sponger.]

[ QUOTE ]
Yes your parents might deserve considerably more but my brother does not.

[/ QUOTE ]

Nobody "deserves" any of it. I'm not saying I wouldn't set my mom and brother up, but thinking like this is stupid.

[AtlBrvs4Life]

I'm not sure what I would do, but it would be nothing like your list. I have to say that you're one of the last people I would hope wins that much money.

"Also, I would not tell them this, but I would make it a point to spend fairly freely around them. They would definitely benefit from being in my presence."

Wow. Good job sounding like a cocky prick. Would you want them to address you as, "your majesty"?

"I will contact family and friends from overseas and inform them of when I will be coming back to the States to visit. Or maybe I don't contact them. Not sure."

Real nice. Leave for a month and don't contact your friends or family. What a caring guy you are.