What would you do if you won Twenty Million $$$?

Discussion in 'General Chat' started by Drinkwaters, Jun 9, 2006.

  1. imageWIS

    imageWIS Senior member

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    Nope, the IRS always takes a cut of your money.

    Well, it is FREE money.

    Jon.
     


  2. imageWIS

    imageWIS Senior member

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    So what. Then you're living tax free, great weather, a 6-hour train ride to Milan.

    Spending 25% of your net worth is not fiscally smart. I would limit myself to 3 million. Lets not forget you have expenses to think of, even if you don't have taxes to pay.

    Jon.
     


  3. odoreater

    odoreater Senior member

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    I'd pay the mortgage off on my parent's house and my brother's house. $700k

    Then I would buy my own house. $1 million

    I would pay off my student loans, credit cards and car. $100k

    I would buy a ring. $20k

    I would get a bunch of awesome new threads and shoes. $100k

    I would put $1 million in my bank for bills, taxes, and discretionary spending. $ 1 million

    I would distribute about $500k to friends and family members that are in need. $500k

    I would donate $500k to charities. $500k

    I would invest the remaining million that I have left after taxes. $1 million

    So that's what I would do if the amount I'm left with after taxes is $5 million. Then I would continue studying for the bar exam, take the job at my firm, work there and live the rest of my life as normally as possible knowing that me and my family are secure in the important things.

    Oh yeah, I think there's some change left there - a few grand. I would take that money and throw a mean party with food and drink for all.
     


  4. johnapril

    johnapril Senior member

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    Spending 25% of your net worth is not fiscally smart. I would limit myself to 3 million. Lets not forget you have expenses to think of, even if you don't have taxes to pay.

    Jon.


    Oh, pathetic. The 20 million is something I didn't have before. My net worth is in my current job. This shit's just gravy. 25 or 50 % less gravy doesn't bug me when I'm working, and I don't ever, ever want to stop working. Can you imagine what a piece of shit you would turn into if you stopped working?
     


  5. imageWIS

    imageWIS Senior member

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    Oh, pathetic. The 20 million is something I didn't have before. My net worth is in my current job. This shit's just gravy. 25 or 50 % less gravy doesn't bug me when I'm working, and I don't ever, ever want to stop working. Can you imagine what a piece of shit you would turn into if you stopped working?

    Who said I would stop working? From where did you get this assumption? I am only saying that spending that much on a house based (6 million) only on 20 million is a bit excessive; financially...half that amount would be more prudent, but hey to each his own.

    Jon.
     


  6. Renault78law

    Renault78law Senior member

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  7. Renault78law

    Renault78law Senior member

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    Can you imagine what a piece of shit you would turn into if you stopped working?
    I dunno dude. I liked myself much better when I was a student than working...
     


  8. imageWIS

    imageWIS Senior member

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    I'd buy a $20M car.
    Here you go: 1931 Bugatti Type 41 Royale: [​IMG] 7000 lbs, 13-Liters, 8-Cylinders, 3 Speeds and 1.7 city / 7 hwy MPG. Jon.
     


  9. LabelKing

    LabelKing Senior member

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    I don't think I can afford a Van Gogh.
     


  10. CTGuy

    CTGuy Made Guy

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    Two chicks at the same time.
     


  11. LabelKing

    LabelKing Senior member

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    Here you go:

    1931 Bugatti Type 41 Royale:

    [​IMG]

    7000 lbs, 13-Liters, 8-Cylinders, 3 Speeds and 1.7 city / 7 hwy MPG.

    Jon.

    Your new daily driver.
     


  12. LabelKing

    LabelKing Senior member

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    I'd buy one of those large European castles and perhaps one of those tiled eccentricties in Portugal.
     


  13. GQgeek

    GQgeek Senior member

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    Two chicks at the same time.

    If you ever come to montreal I can help you make the arrangements for a lot less! :p
     


  14. globetrotter

    globetrotter Senior member

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    Two chicks at the same time.


    dude, you can do that for 75 bucks.....
     


  15. johnapril

    johnapril Senior member

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    I dunno dude. I liked myself much better when I was a student than working...

    Never stop being a student. Never stop working. These are not mutually exclusive.
     


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