What would you do if you won 5 Million dollars?

[ManHater]

5 million is not much but for me it would be good.

So what would you do with that money?

[N192K001]

I'd 1st fulfill all resulting tax-obligations. Then, I'd donate, save, invest, buy, and enjoy.

Assuming the prize is in U. S. dollars (U. S. D.), I'd scatter my earning across jurisdictions, as well as…
• buy citizenships & passports strategically;
• buy land;
• convert the $5mil in normal, everyday-type Federal Reserve Note (F. R. N.) U. S. D. into U. S. Mint-issued Gold & Silver Eagle legal-tender U. S. D. (as well as counterpart gold & silver legal-tender in the other jurisdictions), so there's no capital-gains to be taxed as the normal, everyday-type currency continues to fall and the exchange-rate for the gold & silver legal-tender rises over time;
• donate to organizations fighting poverty & creating jobs in the poorest of places, like Partners Worldwide; and
• give some bonuses to my loved-ones.

Then, I'd keep working in my job here in the U. S. or either get a new job that's more strategic or setup my own business in whatever side of the world works best, so I still have something to do on a daily basis. But, I'd probably be able to enjoy more & nicer vacations (across the U. S., back in the Philippines, and other places) every so often, but not enough as to raise suspicion from others.

[Pasiton5]

Open a center where homeless people can go rest shower get fresh change of clothes a fresh hot meal anytime if day sleep watch tv feel at home with medical dental checkups, and make these wealthy people start sorenson's some of that money off theirs by building very low cost housing across the nation, and make it my business to kick every one of those people out of Washington DC,, ever single elected individual or of there take back this government and country that's what I would do with the money, throughout my life money never motivated me never worried over it was always there when I need it is a shame to have so much wealth in this nation and all these celebrities can brag about how much they make living in 200 million dollar homes and can't give 1 of those millions to help those less fortunate that's sad, they go out by 500 cars hi Broke and want our sympathy really

[VIVANT]

1Surgery (not plastic)
2help out some elderly friends
3set up a mutual aid sanctuary rehabilitation for people& animals
4Get a really nice plush white rug - I don’t like furniture and don’t care much about a bed but I have since childhood, wanted a really really really nice thick soft rug like 30X 30 made without toxic chemicals.
4 move back to France - I’m doing anyhow but it’d be a lot easier to choose a place to live & sons place with balcony & Pool.
5 pay for school, Pursue philosophy & theater bc I wouldn’t have to worry about starving.

... tbh hate to say it but I’d prob become much more of a ‘say yes to anything’ (within ethical bounds) kind of person of I had sizable reliable back up of money.

[DaisyJones]

I would use some of the money to help my brother and sister-in-law out. They don't have much money and the pontoon boat they have now doesn't even have a kitchen, bathroom or sleeping area. That's no way to spend the 4th of July.

Shit, they can't even make margaritas on their boat. They have to bring it pre-mixed before they get on the boat.

Their two dogs love the water but don't even have a proper slide. They have to jump in the old fashion way.

[Leavesbound]

First I would pay the federal income tax on that which I believe would reduce that sum to $3,180,000. Then I would pay off my debts, set up a healthcare fund for myself, buy my brother a new car and give him enough money to get his woodworking business off the ground. Then I would buy a new vehicle, and go house hunting. I would set aside the bulk of the money to go into an income fund. I would do a little traveling as well. I would also get my teeth fixed (missing a couple) and have the extra skin from losing weight surgically removed. I'd probably go back to school and get a degree in history like I always wanted. And finally I would probably go back to dating which I haven't done in a long time.

[Bright_blue_eyes]

I would by 11,000 shares of the stock PFXF. It pays a 4.57% dividend. That means, you would make $228,500 per year in dividend income, and you would never have to work again. You could live the rest of your life making $200K per year and you would never run out of money. True it might be fun to go blow the $5M on fun stuff, but then you'd have to go get a job. Think about how many professional athletes go broke because they blow their cash buying crap. Buy a modest house & a nice car... and just enjoy life without all the stress.

[jamesgoldman]

Convert it into GBP so £3,600,000

Buy this house and get the work done that is needed for £300,000

Buy a couple of good watches and some more jewellery for myself let's say £50,000

Give people around me some great gifts say another £50,000

Carry on with my business by buying that little shop in the bottom of town I'd guess £100,000 given the £4,000 a year rent plus a £50,000 refit and have £300,000 in the bank

I'll send my friend's exotic rental company a Ferrari 488 to run on my behalf so another £250,000

Buy a load of silver and gold for my portfolio so maybe £1,500,000

Put the last million into an annuity and that will pay right around a minimum wage salary for the rest of my life, which I can live well with my other previously listed income streams

[Ms_Vanderquack]

What do you mean that isn’t a lot? 5 million is enough to change a person’s life. but id drop 1m into my retirement just in case I fuck up that badly with the rest. 2m into buying some land and building on it. 1m goes to my uncle for whatever he wants to use it for. And the last million I get to play with.

[hannahjo022]

Pay off my student debt. Build a nice house on the water. Have an inground swimming pool, nice boat, and jet skis. I love being by water! If I have extra money left I would spend it on vacations out of the country. I really want to travel around the world to experience cultures and enjoy the beauty of the country.

[ManHater]

wait... buy a house on the water and have a swimming pool? Why not just swim in the water that you built your house beside? I have a lake front property and I swim in the clean lake and I no one around here is stupid enough to put a pool in...

[hannahjo022]

so? that's your opinion not mine. Good for you if you have a lake front property. Does your parents own it?

[ManHater]

lol nope. I own it girl. I work hard got a trade. No free shit here, no OH POOR ME, NO work, Student Debt...

[Lliam]

Pay off my mortgage (s) and bills, including what I owe my sister - less than $.75 mill. Do a lot of upgrades on my house and property - maybe another $.5 mill.
Make sure that my wife and I are well insured. Then travel with my wife, not being bourgeois extravagant, but not having to spare expenses.

[Dinklex3]

Wouldn't leave me with much, lol.
I'd give 2 million to my parents,
Keep 1 million, and give the other 2 million to my 2 besties.
With my 1 mill I'd prob have to do some research and figure out the best way to invest.
& Obviously keep my job, lol.

[Adam1978]

Sell my house and buy a better one. Then I would invest a large portion, retire from working for others and do my own thing. With that money I would be settled for life. That said I wouldn't really do a thing, since I don't gamble, I can't win. So the message would go into the spam folder.

[CaptainOverthink]

Invest 1 million in stocks.
Buy a good reliable car.
Move out.
Replace my entire wardrobe.
Save away the rest.
Continue the grind, a few millions only get me that far and im young so I still have to work and have a purpose.
When I have a grasp on my career I might invest in my own buissines.

[MotorcycleMan]

You're right, it's just not that much money any more, but yeah, I'll take it.
Would still be enough to get a better house and help out a few friends and family.
I'd also want to set up a small foundation to do some fun charitable work, or possibly help out one that I am already involved in.

[rjroy3]

Take 100k out for fun spending. Put 100k into a trustfund. Then put 4.8 million into real estate properties and life off the monthly returns until I die.

Wouldn't take much real estate till I'm getting 10k checks every month. Considering with my lifestyle I only need 1-1.2k monthly to live anyways. That's pretty fuckin good lol.

[GoodGuyBreakingBad]

Pay off all my funeral expenses in full
Pay off all debts that I owe on my credit report
Donate to local small businesses around me
cause since the pandemic they have been hurting
Example: Our Subway restaurant went out
of business simply cause no money to run it

[FunkyMonkee]

Try to buy my house back and reverted into how it was before I got kicked out. Sue the living fuck out of everyone involved in HAVING me kicked out. Build my own recording studio. Have another pool put back in the yard. Help out a few friends that are in dire need of money, right now. Invest, in the hopes it'll make me a lot richer so I can help a lot more people that REALLY need it.

[Drumlin2001]

Buy a family home (£700k should be sufficient), or some land to build a new home.
Second home near a decent beach. £500k
10 investment properties (£300k each - £3m) or could buy 15 properties at 300k, mortgaging the remaining £1.5m against the rest) (i'd hire a property manager, paid through rental income)
Contingency in bank (£500k)
New car / furniture / electronis etc £100k
Final £200k for holidays, experiences for our family

Would be enough to secure my families future

[HitTheQuanYin]

Save it up across different banks. Use it for my future children's education, or maybe for family needs if the need ever arises. Might invest some too so there's that.

[Rok4bakAR]

Buy an island build a house on it. Divide to 2 parts my part and the rest I’ll invite my friends and families with whatever money they’ve got to build their own properties and keep expanding the island.


On my own side I’ll go to some 3rd world Asian country get 20 hottest 19/20’s years old girls and bring them to my island to do my house work for me in bikinis. 😀

[LogicalGal123]

I would donate some to charity that I work with. Some to pay off my school debt. Some will got my. my immediate family and the rest will go to my little mini me's (my nieces). I rather take care the people who I care and love.

[Uannoyme]

Buy lots of land and move far away from people.

[termanator]

This exactly one with some investing

[ManHater]

Take me with you!

[admles]

First, make sure it is 100% protected from anyone but myself. Use the services of a financial advisor and tax lawers.

3.5 Million into a trust account that generates interest as a passive income.

Buy a house, set it up the way I want it, then invest in some property.

Keep investing until I can live off a passive income.

[Anonymous]

Well, for starters I'd owe about 2 million and change in taxes, so I'd end up with something under 3 million after tax. I'd probably stop my current job search and think about where I'd like to live for the next 5 years and why. In particular what I'd want to do in that location for those 5 years. Then I'd work out where to live there and whether to rent a place or buy. Then I'd put together a detailed budget for the next year and a high-level one for the next four and sort out the move.