Lets say you were to win the powerball.... (1 Viewer)

[Slurp]

Go Fishing and not to work

 

[Krewe of Clyde's]

If my body had survived the strain of my non-stop partying while I blew the first 50 million, I would invest the rest to keep me in scantily clad grape peeling girls while investigating worthwhile causes that I could use my philanthropy to help my fellow man.

 

[JuggernautSaint]

id buy the Atlanta falcons and promptly fold the franchise


Posted from Saintsreport.com App for Android

 

[varanook]

Start and completely fund a special needs school/place to go year round for special needs kids and adults. I would also pay the teachers higher than public schools if they were good at their jobs.

 

[wizard1183]

I'd take in the 20 yr installment that way I wouldn't get taxes so ridiculously then I'd invest it each yr. work one yr and live off the interest by doing whatever the hell I felt like doing I'd probably buy as much land as I possibly could around cities so if they wanted to expand, they'd have to go through me. I'd have the key to many cities and they'd call me a king

 

[Jackavelli]

I'd take in the 20 yr installment that way I wouldn't get taxes so ridiculously then I'd invest it each yr. work one yr and live off the interest by doing whatever the hell I felt like doing I'd probably buy as much land as I possibly could around cities so if they wanted to expand, they'd have to go through me. I'd have the key to many cities and they'd call me a king

No one is guaranteed another 20, so I'd take the lump sum.

 

[wizard1183]

No one is guaranteed another 20, so I'd take the lump sum.

So what you're saying is you're going to blow $209 mil in a day? Because you're not guaranteed tomorrow. Foolish of you to say that. I am pretty certain ill be here in 20 yrs and the amount ill get each yr, if I die in 10 yrs, ill probably have close to $209 mil by that point. Nothing in life is guaranteed. And certainly not winning.

 

[MSGulfCoastWhoDat]

well, out of 550 million you'd get about 250 mil I would guess after taxes and lump-sum penalties.

I would take my 250 million and buy several multi-million dollar Apartment complexes under an LLC with 20% down on each to better leverage my money and under an LLC to avoid the income to debt ratio. Maybe go for 10 50 million dollar enormous apartment complexes at 90%-100% occupancy with only putting 20% down on each and financing the other 80% on each. for a total of 100 million invested in down payments. Preferably would acquire all of the complexes at 10% cap rate so all 10 would pull 50 million in net income per year, about 25 million per year after the mortgages were paid. I could live off 25 million a year for the rest of my life and have all my tenants pay off the buildings

 

[Jackavelli]

So what you're saying is you're going to blow $209 mil in a day? Because you're not guaranteed tomorrow. Foolish of you to say that. I am pretty certain ill be here in 20 yrs and the amount ill get each yr, if I die in 10 yrs, ill probably have close to $209 mil by that point. Nothing in life is guaranteed. And certainly not winning.

Way to turn my words around lol. I never discussed how much I would spend a day. I would setup a blind trust and make sure if I passed away the money would go to places and family that I wanted. To the spending part, I wouldn't even spend 1/4 of my winning, I'd spend some and then live off the interest hopefully.

 

[klewis33]

I would do 20 year installments. If I died my wife and kids would be set up so I'm fine with that. I would put a few mill in stocks and a few mill in bonds. Wouldn't spend much on vehicles and not going the mansion route. Buy a lot of land and build a normal size house, quit fire dept and stop doing auto glass also, though I may do chip repairs only for the fun of it. My kids will still have to work and I would still whoop their *** for being bad. Most of the money would go to charities. My kids would get a lot when they got older with their own families still.

 

[SaintStephen]

I would disappear.

Literally. Completely off the grid- new name and everything.

Move somewhere like Switzerland and completely start over.

It would be amazing.

This. I would be the king of Costa Rica.....quietly. Bye bye new world order

 

[Paul]

After paying off all bills for my household, mom and dad, and my siblings, I'd just take my time deciding exactly what the plans are going forward, because I really don't know. I am n the market for a new sports jacket, so there's that.......

 

[BigSlick]

id buy the Atlanta falcons and promptly fold the franchise


Posted from Saintsreport.com App for Android

Move the team to Los Angeles first, and THEN close shop.

 

[Sun Wukong]

Get it all converted into gold coins, then fill a giant vault with said coins and dive into it like Scrooge McDuck.

Then I would die after I broke my neck because cartoon physics don't work in the real world.

 

[El Caliente]

Hookers and blow.