What if you won the lotto? How to survive?

I already live rural on a big chunck of land. With the money life wouldn't change much. But I do need a new chainsaw, and a new snowmobile, and the driveway could be improved with a few loads of dirt. There would also be more single malt scotch, and a few of those knives I can only dream about owning.
 
Man, screw all that. I would buy a Rolex, a nice fountain pen and some kick ass Merkur double edge razors. I would pick up a new mountain bike. I would buy some nice survival gear. I would get me a nurseor doctor to hang with me for my anxiety disorder treatment. I would buy a sailyacht and a dingy to pull behind it full of Pepsi and pretzels. I would pay my best friend to go to a local strip bar wherever we happened to dock and bring back ANY of the girls that wanted to hang out. I would live my life as best I could like that.
 
A really good friend once told me what he would do about the leeches if he ever struck it rich. He would drive 4-5 hours into the boonies and call everybody that he thought was a friend and say he blew the motor. Whoever comes to get him has $100 000 laid out on the hood. If anybody does not show up they better not ask for anything from him ever again.

I don't think that the money would change me much. We are pretty simple and are not interested in the Joneses. The only reason we have a new TV is Juli's dad is a technophile and he hated seeing our 27" (but it was better than the 13" we had through University and first 2 years out. I would not even buy a new vehicle- not worth the money (maybe a newer couple year old vehicle though). We would own our own place outside of the city, put some aside for the kids (maybe have another one), and enjoy life after ensuring our money was well taken care of. As far as who would get some "love" from me- I would think really hard about who was there for us when I broke my legs and was going through the hardest time of my life, and I assure you that the list is not very long.

If I cared about money I would have went into medicine rather than entomology and now massage. Happiness is dependent on having what you perceive you need, and growing up I had nothing so I know what is necessary.
 
I think a better thread would be: "What if you never won the lotto? THEN how would you survive?"
 
Fxxx　A! I will live the out door and the moment more seriously ;)
Something that I can not do now because I'M slave of the system :yawn:
 
Cut's like a Kris,

I have an experiment in my classes where I tell my students to call every person in their Cell Phones (most have a list well over 100 people) at three in the morning and tell them this: "Don't ask any questions - just bring a large tarp and two shovels to my house RIGHT NOW!" and then hang up.

The ones that show up are either crazy or their friends - delete the rest from your cell phone.

TF
 
Shuuuu tell No one! Set up Corporation /Foundation and trust funds for the children Before you get the money, Lawyer will be needed.
Yourself and family members will be officers of same with control by yourself {Majority stockholder and Secretary, lawyer will explain}
Persons will come out of the woodwork for hand outs/party time. Once you’re settled Then Party as now you don’t have cash on hand. Even then I would not advertise as children would be at risk.
Just my experience from One of the first Lotto winners who came to us for advice and followed through and if you have seen in past years how many subsequent winners have gone broke, some inside of 1 -2 years.
 
I wouldn't give any of it away.. call me greedy, maybe, but I always donate to children funds, breast cancer etc, no one ever looks out for me. I've been on me own since 17.

Heres what I would do.

Set up a trust fund for my daughter, accessible at the age of 25, not before.
Set up another trust to have all of her education covered and then some.
Buy a couple acres of land up north.
Have a log home built, most likely flown in. irrigation and a means of having electricity. (thinking of Off the grid, with Les Stroud)
I would need a good 4x4, considering a Toyota 4runner (had one as my first car, got attach to it)
Get a second 4x4 to bail out the other, if the need arises.
Getting farming equipment, seeds and dedicate 2 acres to that.
buy a princecraft fisherman
Pay off debts, sell my house and move into my dream home.
Invest in emc2 stock. stock is low right now, but data hosting is sold worlwide and the web always needs more room, companies need to archive data. etc. a biz that will always be in demand. They also supply to the US gov and other govs across the world, a company that will most likely never go bankrupt.

The rest will never be spoken about. and kept for recreational and insuring my well being until the day I die.
 
Get a Lawyer, financial advisor, insurance against people coming out of the woodwork when they find out about the money, and a vasectomy. Then set up a fixed income plan for the next twenty years or so, including investments. Then I would go off and hike the big trails for a couple years, maybe take some courses at various outdoor schools.
 
Talfuchre said:
We fixate on what we would buy - but I think we need to realize that with 10 million - our friends and relatives would be different. Right?
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Family? Probably. Friends? I really don't think so. I don't cultivate a lot of friends, but the ones I have are the kind that last. Most of the people who I truly consider friends I have knowns for 20+ years. They are all finanically set on their own and don't realy need my hand outs. Now, I might spring for a big trip with them (cruise to AK, maybe?) just becase its something I want to do and I'd have more fun with them along.

Now my family, on the other hand, I'd probably just set up some sort of trusts for my two brothers just to keep them from pestering me for "loans" all the time. :rolleyes:

I'd set up some trust funds for my niece and nephew, too.

Beyond that? Buy a nice house in a scenic spot. Buy a few new toys. Then invest the rest so I can spend the rest of my life taking vacations around 6 months per year (hiking Alaska, canoeing Canada, motorcycling the southwest, trekking Nepal, etc.). :cool:
 
akabu said:
Shuuuu tell No one! Set up Corporation /Foundation and trust funds for the children Before you get the money, Lawyer will be needed.
Yourself and family members will be officers of same with control by yourself {Majority stockholder and Secretary, lawyer will explain}
Persons will come out of the woodwork for hand outs/party time. Once you’re settled Then Party as now you don’t have cash on hand. Even then I would not advertise as children would be at risk.
Just my experience from One of the first Lotto winners who came to us for advice and followed through and if you have seen in past years how many subsequent winners have gone broke, some inside of 1 -2 years.
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This is exactly right. I'd get several good lawyers, set up several good dummy corporations. You can still give a chunk to charity, but do it wisely. I've read that lottery winners have their houses broken into all the time, as if they stored their money there.

If it got out, you'd better have private bodyguards taking your kids to school. Too many people would love to kidnap them for $$$.

Sorry to be so cynical, but there it is.
 
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