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[-Plasma Reus-]

5 million to cancer Research.
10 million for blind people help.
10 million to kidney research.

And keep 25 for myself.

 

[Dali]

50 mil? I'd probably give away like 10 mil to friends and family. Like the greatest portion of that would go to family leaving smaller 10,000 to 50,000 endowments for friends. That's just up front after winning. I'd give a lot to charity over the years or maybe even set up my own charity.

 

[Crixus]

Money stays in the family

 

[The Albatross]

Enough to get a building named after me at my Alma Mater.



J/K. Sort of.

Let's say it's $50m after taxes, I'd settle all debts of mine and close friends/relatives, make some quality of life purchases, invest almost all of it, and then make large donations for the rest of my life and live off of the presumed interest of my investments.

I'd definitely give about $5m to my alma mater and then become a major donor to NPR and PBS. Private, personal donations would be random, aside from the news and my college, I don't have major recurring donations currently and I'd imagine that'd be mostly the same if I were to get rich.

 

[ZOONAMI]

Zero dollars. It's better to just buy gifts or pay off debts. My family would never stop asking for dollars.

Yeah there is sort of a slippery slope issue if you just give people money no strings attached. You could give family members millions and if they aren't wise with it they might be back for more alarmingly quickly.

Setting up a trust or something where only interest dividends are distributed makes sense.

 

[bryehn]

Depends on the amount. 8-10M+ probably half. Less than that 25-33%. Under a million, probably not much.

Disclaimer: I'm disabled and we're a one income family of three. Wife makes decent monies, but we could use more.

 

[Ever]

5 million to friends and family with the stipulation that it only goes to mortgages and self-improvement (i.e. college).

44 million in investments

1 million to sustain my current lifestyle until the interest from the investments starts coming in.

Then I just live off the interest for the rest of my life.

 

[Ducarmel]

Keeping a 3rd, a 3rd for my mother and sisters, last 3rd putting it in a trust for my extended family with strict rules on how to take out money for things like down paymwnt for a house, pay for college, business loan, etc.

 

[guek]

oh crap baskets, I just realized I put at typo in the title. Uh. mods? Little help please

 

[LFMartins86]

Would spend around 10M$ with family and friends, 5M$ to cancer research and 1M$ + my free time to the local dog pound.

 

[DeviantBoi]

Depending on the size of the winnings, I'd rather set up a foundation to give out a monthly stipend to family.

A large amount of money all at once can ruin a person's life.

 

[Dreamgazer]

Friends and family will get equal payouts from a unitrust of 20M that pays based on a % of NAV.
Charities will get to split the payout from a unitrust of 10M that based on a % of NAV.

I'll invest the remaining 20M for myself.

 

[Douche McBaggins The 3rd]

Buy a few apartment complexes and start a scholarship for community colleges and make free rent part of it. I don't need much but helping students that need it would be a great cause.

 

[John Kowalski]

Fiends will have none of mine.

 

[OraleeWey]

Keep the money to myself and use it for myself and family. Spend money, live life, 100% of whatever is left when I die goes to NASA.

 

[meow]

I'm going to add, I'll also quit my job and spend my time learning to cook fancy and volunteering at the animal shelter.

 

[NoLootBoxDev]

Place a good amount in investment, each month I would donate to charity for the rest of my life. Other part I would purchase land and make apartments for rent,and I live from that money. Enjoy life and do things I like.

 

[cryptosporidium]

id give like 20,000cdn to Easy Allies. Ive been watching for a few years now and have yet to be able to donate anything substantial

 

[Ventara]

To my immediate family? Like 75%. I'd treat my friends to dinner, lol. Sorry, nothing for charity.

 

[FTF]

Half

Yeah, that seems about right. Between family, friends and various charities prob half early on. Then maybe more as time went on, etc.

 

[brau]

Probably do the biggest giveaway in GAF ever.

Pay my loans.

Maybe get a home.

Good Savings.

The rest to charity.

 

[Sakura]

I wouldn't be able to trust my mother or brother with any large amount of money, I know they'd use it poorly. So I'd pay off the mortgage for my parent's house, set aside money for my siblings still in school for university, and for my brother who is an adult, maybe get him a house or something.
I'd want to help out my closest friends too, but I feel if I started giving people money, every body who sort of knew me in high school would start contacting me.

 

[Gordon Shumway]

If you ain't in my house, you ain't family. That said, probably 4 people I'd toss half a mil to..the rest would be invested and put aside for my daughter to live well when I'm gone..

 

[You Are Viewtiful]

Maybe max out the charitable tax deductions every year or thereabouts. I wouldn't give away "half". That's a lot of money to blow away on your first day.

 

[Kingpin Rogers]

I would give 1mil to both my brothers and my mother. Keep the rest for myself and try to keep it as secret as possible so no one hassles me.

 

[pigeon interrupted]

• 30 million to charities: children's hospitals, guide dogs, cancer research, domestic violence, child abuse, lgbt support.
• 5 million to family.
• 15 million for a small farm, giant chickens, regular ass chickens, ducks, doggos, cats, pigs, racing pigeons.

 

[Peltz]

I wouldn't give anything to anyone. I'd just make sure my mother, father, sister, her husband, and my future niece led a good life and helped out with all their expenses/education.

But I wouldn't gift them straight money or anything. I would also give 10% (total) to charities in an installment-like plan but it would be totally anonymous.

 

[nicoga3000]

Part of me says I'd help family and stuff, but really, I'd probably keep all of it to myself for a while. Too often people talk about how they give money away and then everyone starts expecting a handout. So...

 

[lem0n]

If I had $50m after taxes to play with, I'd give my mom $3m, a couple of my closest friends $1m each, and donate some to charities I feel are worth it. The rest would be spending money, savings, and if anyone in my family runs into an emergency.

 

[Alex Anderson]

I'd pay for my nieces' and nephew's educations.

My dad would want to keep working, but I'd take care of my parents' essentials of course. Buy him whatever classic Corvette he always wanted.

Those things at the very least.

Doubt I'd give more than 1 percent to charity at least at first to be honest.

 

[Fuchsdh]

After I'm set for life, I wouldn't need any more, so that much. Assuming I buy my awesome house and want to live off the interest from investments, anything north of $3–5 million seems unnecessary. Gives me a comfortable middle class existence, retirement, college for kids, and more travel than I do now.

 

[mackattk]

200k a year on interest on anything more than 20M wouldnt require a financial planner. You'd make that just sticking it in a crappy savings account.

If I won enough money to get 200k/yr on interest I am not going to worry about a few thousand to a financial planner to ensure I get everything set up correctly.

 

[Tathanen]

Hm let's see here.

- 1mil to parents (maybe more, ideally want to enable them to retire)
- 1mil to inlaws
- 500k to brother, sister-in-law
- 5mil put in trust for daughter
- Maybe 100k each for all aunts/uncles
- 1mil to buy the house of my dreams in cash
- ???mil put in interest-bearing account so I can live off the interest forever, 10k a month would be ideal
- 5mil "for fun"
- The rest, various causes I think could do the most with it

 

[number11]

Probably half (most being immediate family only), then 25% to enjoy and 25% to invest. I like to think I'll be smart with my money, but you never know. You always hear stories about celebs who constantly give money to friends and family, and then one day they become broke.

I have no problem inviting friends out to vegas or whatever.. but giving them millions?

 

[Jonsend]

None. I'd build the biggest pyramid I could.

 

[Krogan]

I'm surprised some posters are listing friends, that just seems like something destined for failure to me. Like I'd pick up the tab for anything we did but I'm not going to just give them money outright.

 

[Commanche Raisin Toast]

I can PLAN on what I would do with the money, but I can't trust myself to stick to that plan once I actually got the money.

If I had $50 mil, I'd:
-pay off my $26k of student loan debt
-buy a new car, since mine is on its last legs and already paid off
-give $2 mil to my dad and $2 mil to my sister
-get thorough medical check ups and exams
-get my tooth fixed, my teeth thoroughly cleaned, and my invisilines
****ALL BEFORE FILING FOR DIVORCE SINCE MY WIFE GETS HALF****

Let's say I have $45 mil left at this point:
-file divorce leaving me with 22.5 mil
-contact a finance firm to get guidance on how to safely invest at least 10 million since I have no 401k or retirement at all (I'm 31)
-quit my contract job and take a 6 month hiatus and travel out of the country for the first time ever
-sign up for a nutritionist and a personal trainer to get in shape
-focus on charity and social services with whatever is left the wasn't invested

As far as a job, I'd prefer to do IT stuff still but if I could fill that role for a charity or good cause that would be preferable to oil&gas like I'm doing now.

 

[Epsilon-delta]

At least half.

$5 million to cancer research
$5 million to homeless & housing
$5 million to the blind/deaf/para/quadriplegic
$2.5 million to biomedical research
$2.5 million being an angel investor and paying off students loans
$2.5 million to humane society
$2.5 million to orphan charities

I probably wouldn't even need $25 million for family members and myself, so more would go to charities.

 

[lord_of_flood]

Assuming $50mil, order of operations would be:

- Pay off all of my current debts (student loans, etc.) (estimated $50-$60k currently)
- Pay off parent's/sister's current debts (mortgage, student loans, hospital bills, etc.) (budget for $1mil, but likely a lot less than that)
- $2mil to parents
- $1mil to sister
- Distribute $2mil to various extended family members
- $5mil into college fund for children (tuition and room/board)
- $1mil for a nice house
- Unknown amount (probably ~$10-$15mil) into interest-bearing account and live off of interest
- Unknown amount budgeted to have personal accountant manage funds in above account
- Leftover funds to be used for fun or to be donated to charity

 

[Flo_Evans]

I can PLAN on what I would do with the money, but I can't trust myself to stick to that plan once I actually got the money.

If I had $50 mil, I'd:
-pay off my $26k of student loan debt
-buy a new car, since mine is on its last legs and already paid off
-give $2 mil to my dad and $2 mil to my sister
-get thorough medical check ups and exams
-get my tooth fixed, my teeth thoroughly cleaned, and my invisilines
****ALL BEFORE FILING FOR DIVORCE SINCE MY WIFE GETS HALF****

Let's say I have $45 mil left at this point:
-file divorce leaving me with 22.5 mil
-contact a finance firm to get guidance on how to safely invest at least 10 million since I have no 401k or retirement at all (I'm 31)
-quit my contract job and take a 6 month hiatus and travel out of the country for the first time ever
-sign up for a nutritionist and a personal trainer to get in shape
-focus on charity and social services with whatever is left the wasn't invested

As far as a job, I'd prefer to do IT stuff still but if I could fill that role for a charity or good cause that would be preferable to oil&gas like I'm doing now.

Not to get to personal but why wouldn't you divorce your wife now instead of after hypothetically winning the lottery?

 

[LumpOfCole]

$50 Million? Split it into five groups.

$10 Million to various Savings Accounts, where the only purpose is to generate Interest year over year.

$10 Million, split into tiers by expected length, to invest in Index Funds. Also probably 401k.

$10 Million in various foreign currencies, because this is the Trump Age and anything is possible.

$10 Million for charity, family, and one good super high donation to my local public radio channel just to see how they react.

$10 Million for immediate expenses such as buying a humble home, buying a Tesla, and maybe starting to eat out once a week instead of once a month.

 

[A Link to the Past]

I'd just try to keep enough that I could buy a house and ensure that I never need to work again. I wouldn't be a lavish spender.

As far as family goes, I'd do it on the DL. College tuition, mortgage payments, credit card debt, etc. I'd more help them out of jams and get them comfortable than make them filthy rich (especially at $50 million).

Now if I won a big Powerball, like a $900 million one or something, I'd probably throw my money around a bit, but I'd be careful about attracting people who just want to exploit me.

 

[Xe4]

The majority of it. I have no desire to be rich. I'd keep enough to pay for college and stuff, but the rest in don't give a fuck about.

 

[Neverender]

I'd really want to help my friends and family but I'd also not want anyone to know I had so much money. It would change the dynamics of basically every relationship.

 

[brawly]

Is that enough to buy a hotel? I'd really love to have one, manage it and live in a suite, for some reason.

 

[AbortedWalrusFetus]

Zero, initially. It'd all get invested. After 25 years or so of (even modest) growth I'd probably set up a charitable organization or some sort using a significant portion of my wealth. Gotta get on that compound interest bandwagon ASAP.

 

[zeemumu]

Half

You're crazy

 

[FLAguy954]

If they payout was 50 million after taxes:

A significant portion (like 70%) will be invested immediately via a financial planner/consultant.

I would live off of the rest and do what I want for a while (buy a house, sports cars and shit, travel, extended education, etc) until my investments start paying off then I would live off that for the rest of my life.

My immediate family and select extended family members/friends will have their debts+mortgages paid off but they won't be getting actually 'cash' from me. I would also help to pay for some of my younger cousin's educations.

As for charity, I would anonymously donate a various cash donations each month to the Alzheimer's Association (because fuck Alzheimer's disease).

 

[eosos]

~10%. Put the rest in real estate. Become president in a few years.

 

[SillyEskimo]

I wouldn't "give" the money away. I would pay off the debts of close family and friends. Over and above that, I would pay for anything we did together from that point forward from dinner to vacations. I would also pay for college for my immediate family.

Charities would get nothing. I would personally invest the money where I saw fit.