How would you Spend a $15 MIL lotto Win?

I would basically do almost the same thing . I would get an accountant to handle my money. I would put some away for investment for when I retire, I would give some to the people I care about, dont have any kids to worry about. I would donate to different charities, then I would pay off all my curret bills and mortage and then have a brand new house just the way I want it to be built, get a new car and also have a farm with horses which is my dream.

That's a lot of money equivalent to a lot of wrongful spending. If I won that much money I would pay all of my debts first so I could start a new slate. Then, like you said I would hire a very good and honest financial adviser where I could invest and/or deposit my money into institutions where it could earn good interest. Prioritize our needs, maybe go into a business and invest on securities. Last but not least, also give some for charities. But, I would be picky of this too, preferably those that are into providing free education for the less fortunate. Money will come and go but education stays with you for life. Then if all is well and invested (business and family) and all of my needs have been satisfied then I would go into tours, get that cool entertainment system I have always been dying to get and of course retire from work.

It sounds like you have it all figured out. For me it will never happen, as I do not play the lotteries of any kind. I will save your plan, though, in case I get rich online and want to have a wise way to distribute my money. It is interesting thought. I really do think you have done some great planning. We might as well plan to get rich, it is just as easy as planning for a disaster.

I would get a financial advisor first. My biggest concern would be to end up like some of the other lottery winner, broke at some point. I don't play often.

Sounds like you have a plan and that would be necessary. Hopefully your advisor would be trustworthy. Remember his fee! Charity would be listed first with us. Rebuilding this place would be next. College fees would be next then. Pay back our parents next. No traveling for us. I would want a shopping allowance. Retirement funds also for all of us. Also a fund to live off the interest. Not so different really just individual needs vary. Thanks for sharing this today.

I would use 1.5 million for charity and church-related things. I would use 1 million to give to my family. I would use another million to travel the world. I would use another million to pay off any debts, buy cars, etc. I would then use 5 million to buy a beautiful house with all the luxuries then put the rest in the bank and let it mature.

i will stay in burj al arab for 5-10 days.then start my own company for the remaining money

That was nice to dream and also to read you.Your percentage system shows that yon are level headed and want to keep a bit for a rainy day. I do agree with the percentage system but not the way you have mentioned. My preference would be like this 50 percent in Mutual fund that too balanced funds and debt funds so that i can take guard of wide fluctuations. 10 percent for luxuries like car and farm house since i already own a house. 20 percent a fund the return of which to be used for charities like education,health,and medical expenses of poor. 10 percent for education and expenditure of children the rest 10 percent i would utilize to generate income to help my poor relatives since they are quite plenty in number. My problem is that having reconciled to the 15 million i am not able to come out of that thinking. and when you say that it was only a dream i am dejected. what is the way out?

I think I heard about this on the radio. This person is a shift worker who won the lotto, then went to work at midnight! Apparently when media approached him today and asked how he feels he said "i'm too tired to be excited"! I would pay off my parent's mortgage, buy a modest house, pay off ALL my debts, donate a million to charity including WSPA, buy a nice car, fully set up my makeup/nails business and invest the rest.

Are you talking about he OZ lotto last tuesday ?? I just watched the news that morning and it seems that they are still looking for the winners because it is an unregistered ticket.. If i have 15 million. I will give some to my parents and brother, for the remaning i get, I will put some into the banks to earn interests so that i am able to have stable income every month, then I will open a restuarant becuase it is my fream to run a restuarant, and i will also dnoate some to the charity organizations to help those in need.

once i got done screaming? lol let's see..pay off my bills..pay my mom's and fix her house,give some to friends who are hurting,buy my own house,give some to charity,save some for daily needs and invest the rest. ..and probably have a vacation in there somewhere.

i will travel around the whole world :-)

I feel a bit miserly now that I think about this in comparison to the breakdown you provide :) Assuming this was $15 million cash-in-hand (i.e. taxes had been paid, and it was a lump-sum win instead of an annuity), I'd do the following with it: 1) Pay off all existing debts (a drop in the bucket compared to $15 million :)) 2) Leave $1 million out and available in a fluid form (i.e. in a bank account I could write checks against), for use in a subsequent step (see step 4) 3) I haven't got any children yet, so I'd put $2 million away in a separate managed fund to gain interest until I *had* children; once my first child (I hope to have at least two, likely three or so :)) approaches 16 I'd roll it over into a trust fund, evenly dividing the money among each child. They could dip into it freely to go to college to a certain point, but I'd make sure at least 50% of it was frozen until they're 25 (or until I release it earlier if they demonstrate maturity in money handling) so a college binge couldn't wipe it out. 4) The other $12 million would sit in a managed fund to grow until I reach retirement age when I can withdraw it or roll it over without tax penalty. 5) I'd travel (in a frugal fashion; just because I'm a millionaire now doesn't mean I'd fly first-class :)) around a bit to find a cozy spot to settle, and then I'd find a modest home to live in (roomy enough for a family, but not a mansion -- probably a 2,500-3,000 sq. ft. at most, in Vegas or surrounding areas that'd be about $250k or so). The rest of that first million would stay in an interest-bearing checking account ... if I did it right, I'd be sitting on at least $500,000 after I've moved, settled in, and obtained all the creature comforts I'd need, so monthly bills would be *well* under the $1,000 per month mark; interest on that $500,000 alone would be enough to keep that going, so "living" would never be a worry again. I'd keep working, because I'd go nuts without something to do, but I'd likely pursue *my* interests in work more :)

I would do a lot like you..except I would first pay off my bills and buy me a killer house and a fabulous car! and maybe some other misc goodies.. lol..then I'd invest about 10% in investments with a financial advisor..and I'd help out my family, maybe pay off their bills and mortgages etc..and buy mom and dad a nice condo somewhere..so they wouldnt have to deal with property maintenance, etc..I'd travel a little and then I'd invest the rest in real estate. But i'd have to play to win and I never remember to buy a ticket LOL

I think it was yesterday when I read the online newspaper reported a labour worker has won $15 million. He said that he will plan to quit the job immediately and he won't spend it to finish the mortgages or buy a new car but planning to travel around the world. I think that sounds good, I've never won any lotteries as I rarely played it. The chance of winning is very slim for me anyway so I don't waste money to buy lottery tickets. If I were to win this huge amount of money then I would build the house near the beach and get few nice cars then the rest I would invest in properties as well as placing it at long term deposit.

pay the taxes first so i can spend it 10% to churches 10% to charity then help family and freinds pay of debts and put aside half in trust for my children for college and iheritances and invest wisely into sure investments and savings to live on then set up a home and go shopping just for the things i need and fix up my home with solar and other alternitive energy sources to make an efficient home and escroe money for taxes and insurance and living expences and take a trip to a couple of places ive allways wanted to see and have it all well spent since we cant take it with us

I would love to win that much money, haha. First my husband and I would probably pay off all of our debts, and then buy a nice house in cash. I would then want to get a new car. We'd probably put the majority of it in savings and give some away, and then we would want to go shopping! Haha. My husband is a very tech-saavy person, and he's always wanted a GPS system. It has also been his dream to have a house run by electronics (I can't remember what it's called.) He is also in to model trains, so he'd probably want to spend some of it on that. I'd probably want to go to the mall and the bookstore, and buy fun things...oh and I'd probably also go to Kohl's because that is my favorite store!

$15 million is certainly a huge amount. You surely have calculated everything well, jenny. Given the chance, my first priority will be donation to charity. I always have this dream of helping orphanages and children with life threatening illnesses. Some money will go to the bank for future use and for my girls and siblings too. I may buy a bigger house and a car. Small portion for travelling around the world like you. :0

I agree with everyone else. If I ever came into an amount of money that big, I would pay off all my debts to start with a clean slate and find a consultant to tell me how to spend my money wisely. Yet, I would also want to share with my friends and family as much as I could wihtout giving all my money away. Some same amount so that everyone would get something and no one would feel cheated. then I would disappear for a year or two so they wouldn't ask for more.

If that will happen to me, I would do the following; - buy a good house nothing fancy - invest in business - pay all of our debts - get educational plans for my kids - get a complete insurance for my family These are my priorities if a win $15M.