What would you do with $183 million?
By nameerf
@nameerf (99)
United States
March 27, 2007 2:55pm CST
Saturday, March 17th someone won the $183 million Powerball. What would you have done if it was you?
Would you quit your job that very day? How would you quit?
Would you move from where you are currently living? What would you buy? Would you give money to your friends and family?
Since I'm already at home, I don't have to quit my job. My husband would probably get his doctorate though. I would definitely travel and go everywhere I could. I would buy a vacation home somewhere in Scotland and by vacation home, I mean castle. I would definitely have to start with a huge shopping spree, which will probably only take care of $10,000. If I try really hard I might get up to $100,000.
The biggest thing is that you could live off the interest of the $50 million after taxes and taking the cash value instead of the annuity. So what would you do with $50 million?
1 person likes this
3 responses
@KupoSin (680)
• United States
27 Mar 07
i prob take the money to pay for my college fees, buy some stuff i always wanted. a new house. iw ouldnt spend it on things like a mansion or expensive cars. I would still go to work since without work, theres nothing really to do =/ frankly, i hate tihngs being handed to me, i like to work for it
1 person likes this
@sizzle3000 (3036)
• United States
27 Mar 07
You need to really think about this. You will probably be getting installments and you will need to actually plan out what you are going to do. This money must last you a long time. I can understand buying a house and helping out parents with home and bills. I also think that I would have to set up a type of trust account so that the money would draw interest. There will be lots of friends and family that will come out of the woodwork and want my money. I will have to learn to say no.
I don't want the money. It would change me and the people around me too much. I like being poor and I like who I am.
@nameerf (99)
• United States
27 Mar 07
That is the rub isn't it? Yes, your financial problems will probably be over, but it opens this whole other can of worms. With the Powerball lottery, you can choose either an annuity over 25 years or the cash value of the annuity now which generally is about half of the total prize.
@pismeof (855)
• United States
27 Mar 07
Travel around the world,Put my son through the best schools there are, Send my parents to extended vacations in Las Vegas annually.Definetely wouldn't work for anyone ever again.Purchase an airplane .Donate to a lot of charities .Build a new house .Just the thought of that kind of wealth can make ones head spin.
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