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Thread: What Would You Do if You Won the Jackpot Lottery?

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    Senior Member germanrain's Avatar
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    What Would You Do if You Won the Jackpot Lottery?

    What would you do if you won the lottery? Lets say $50,000,000.00 American Dollars? Would you tell relatives? Would you invest it? etc.

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    Senior Member germanrain's Avatar
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    1. I would for one, pay off any and all debt that I had.
    2. I would give (as a gift) $100,000 to my parents, grandparents and siblings. They have helped me many times in need.
    3. I would buy a piece of property and build a custom home to fit my needs, nothing horrendous. (you see all these stories of people becoming millionaires overnight, then spending all this outrageous money on a mansion that they cannot afford the upkeep or taxes.
    4. I would put a good portion in a savings that could incur interest.
    5. I would be able to afford a good quality education.

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    Senior Member The Hungry Hun's Avatar
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    when you say Lottery; I just tend to think unlimited money so here's what I'd do with that kind of deal:

    1) STUDENT LOANS (and other debts)
    2) buy precious metals
    3) buy weapons (a nice Mauser rifle or something like that)
    4) buy some nice piece of property in both Germany and my own country
    5) pay for catering and airfare for Skadi members attending the Skadi Invitational Barbeques I'll be hosting
    http://img.photobucket.com/albums/v643/TheHungryHun/germanmlitary-2.jpg
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    The first thing I would do if I won $50,000,000 in the lottery, before I even claimed it, would be to consult a good tax attorney and find out what the best options and strategies would be in managing the money. I might want to form a trust or a private corporation in the name of which I would claim the jackpot. In this way, counsel can claim the money in the name of the corporation/trust, and my name would not have to be revealed. People prey on lottery winners, and I just don't want my good fortune to be generally known.

    I would also give some money to certain people, but one has to be aware of gift taxes. If you receive your winnings and pay tax on them, then turn around and give $100,000 to a relative, that person will also be taxed. The first $13,000 would be exempt, but the rest would be regular income. There might be ways around this if you talk to the tax attorney and set up a trust or corporation.

    Once organized properly, I would set up some sort of investment account within the corporation/trust which would accrue dividends and other income that could be distributed to the company officer (me) as salary/benefits (which, for tax purposes, would be minimal.) Expenses for such things as my car (company owned) insurance, etc. would be paid for by the company before taxes are assessed.
    Most people think as they are trained to think, and most people make a majority.

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    My goal would be to first and foremost ensure the money remained forever for the needs of myself and my family. One thing I remember from high school economics is that the federal government only ensures bank accounts up to the hundred thousand mark in case of banking collapses. I would divide 45 million into at least 450 bank accounts, probably more to protect the interest. I would keep a small portion physically available, maybe 5 million in gold bars, in case of federal collapse or rampant inflation. The gold bars would need to be protected in a small armed and armored fortress at home.

    At no point would I allow myself or anyone else to spend more than the amount incurred in interest, and in fact less than that. Money must be gained to counter the slow and inevitable creeping of inflation in order to have the same amount of value over time. I would teach my children to care for the money and to teach their children to do the same. An eventual problem that I foresee is the inevitable splitting of the money between the children, and I don't immediately know a solution to that.

    Assuming all this, I would still finish my doctor of pharmacy, and do some much-awaited traveling. Of course after all my needs were met, I'd want to make my mark on the world, but not past the point of breaking the self-sustaining power of the parent fund. I like the idea of financing the advancement of talented young Germanics that are otherwise held back because of lack of money. I'm sure there are many creative possibilities, but my main concern would be to preserve the parent fund.

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    Senior Member Gruno's Avatar
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    Quote Originally Posted by germanrain View Post
    What would you do if you won the lottery? Lets say $50,000,000.00 American Dollars? Would you tell relatives? Would you invest it? etc.
    Fifty million dollars? That's a lotta money.

    I'd buy myself a nice home. Not a huge villa or anything, just a nice house with a big yard, some trees, a pond. I'd buy a proper car, and a small yacht.
    Then I would buy my parents the farm they always desired to have, and pay for my brother to furfill his dream of traveling to the Orient. Just some things out the top of my head.

    There would still be a lot of money left. With that, I would live a life of luxury, surrounded by friends and family, and do whatever I want, basically. I would spend my days writing, fishing, I might try hunting. Go on a safari. Then settle down, raise a family, write a book or two.

    If only I had fifty million...

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    I'd establish an international Nordish lebensborn organization.

    Or perhaps I'd buy up as much fertile and resourceful land as possible somewhere in Northern Europe, most preferably in Scandinavia, and build a Nordic, etnocentric, sovereign community from scratch.
    A nation is an organic thing, historically defined.
    A wave of passionate energy which unites past, present and future generations

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    1) Buy a castle in England, and properties in the US and Northern Europe. An ocean going Yacht.
    2) Donate millions to a nationalist political party, and hire a team, including accountants, to ensure the money is spent in the most effective manner.
    3) A cable TV station with nationalist sympathies to reculturalise and instill pride back into the people.

    After I had housed myself, I would spend the money on nationalist political and cultural projects.

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    Senior Member Fredericus Rex's Avatar
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    1. Buy books, lots of them
    2. Invest the money in various growing industries
    3. Purchase various goods (ie automobiles, weapons, electronics etc.)
    4. Purchase a house here in CA, one on the East Coast (somewhere in New England probably), a ranch in the California foothills and some old estate in Germany (preferrably in the old Prussian lands)
    5. Give some of it to relatives to pay off debts and have them be comfortable
    6. Give to charity

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    Senior Member Germaid's Avatar
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    Quote Originally Posted by Huginn ok Muninn View Post
    ... In this way, counsel can claim the money in the name of the corporation/trust, and my name would not have to be revealed. People prey on lottery winners, and I just don't want my good fortune to be generally known...
    Are the names of lottery winners made public in America? Our lottery winners here remain anonymous, unless they are foolish enough to tell everybody.

    What I would do:

    1. Not tell anybody about it (only parents, siblings and husband)

    2. Give a few millions to my parents so they can enjoy their retirement and don't need to worry about money

    3. Work only 50% or less, I'd love to have more time for things I'm interested in.

    4. Travel more

    5. Invest it safely to make sure I can live on it for the rest of my life

    6. Donate a pretty sum to our local animal shelter, they are always on the verge of bankruptcy (a bloody shame!).

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