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Reply to "When I win the megamillions tonight I'm going to..."
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[quote=Anonymous]I can't even get my head around that amount of money. I would have to hire someone to advise me on how to manage it, because I wouldn't have the first idea. I'd give a lot of it to a local nonprofit that my friend runs...at least 10 million. My house would be phenomenally well decorated, but I'd keep the one we're in. We'd buy a vacation home somewhere near water and a boat, and pay someone well to maintain it while we weren't there. I'd hire a staff--house manager (to grocery shop, plan meals, keep track of and pay bills, all the mundane things I'd never do again), full time housekeeper, chef, and lawn person. I would not continue to work--I work to live, and if I didn't have to, I wouldn't, not another day in my life. I'd volunteer a lot (see the nonprofit I mentioned above) and find several other local charities to contribute to-places with low overheads where I knew the money would go directly into the hands of people who needed it. I am torn about how much I'd give to family members, because of the expectations that might come with that, as several PPs have mentioned. I would pay off the homes of my parents, my inlwas, and our siblings, but that might be it. If I did give a lump sum, I would make it explicitly clear that it was a one-time lump sum and that they should invest it properly.[/quote]
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