Anonymous wrote:This post is so boring. I would blow at least half of it, and then figure out what to do with the rest. Family, some charity I guess.....

But a fund to help the homeless in Hawaii? I mean, you might as well just light your money on fire.

A fund to help the Native Hawaiians afford housing and health care.

Anonymous wrote:I'd upgrade my DC area house and then buy a beach house somewhere. I'd take a splurge vacation (fly first class, luxury hotel, somewhere I've never been). I'd set up a trust for my kids and nephews with enough for them to go to grad school and put a significant downpayment on a house. I'd set up a foundation with the remainder.

I think I'm getting your Facebook ads. For some reason, all my ads lately are for island resorts in the Maldives. You and I would need to win Megamillions to go, but damn.

This post is so boring. I would blow at least half of it, and then figure out what to do with the rest. Family, some charity I guess.....

But a fund to help the homeless in Hawaii? I mean, you might as well just light your money on fire.

Anonymous wrote:Some ideas:

-gift $16k to all the friends I like and all family members that I like ASAP (because $16k is the amount you can gift per year without taxes, right?)

-fully fund 529s for nieces and nephews

-establish educational trust to enable all my descendants for generations to get an education

-I’d try to remember every person who has ever done something nice for me and send them $16k

-hire an attorney to pursue legal action against my enemies (just kidding)

I have no enemies so except for the last part, I am going to steal all your ideas. I add the following -

- Construct large private free retirement homes for my elderly relatives and their families to live for free and get all the benefits of care and comfort of family companionship. This is for everyone in my generation and above. I do not anticipate this to continue for free after my gen dies.

- Pay off all debt of close family and friends, give them money or create a stream of income for them so they can live a comfortable life. This is for everyone who is in economic difficulties.

- Treat my family and friends to a few nice vacations.

- Buy homes in my middle class neighborhood once they are on the market and resell or gift it to people I like.

- Modest trust funds for my kids and close family.

- Fund some of my friends to flee abusive marriages and make them economically emancipated.

- Travel in first class.

- Give away most everything in my house and live in a very minimalistic manner materially. I want to hire an organizer too.

- Hire a cleaner, chef and masseuse.

- Have a fund that pays for unpaid lunch obligations of all kids in the district.

- Establish scholarships in the name of some of my professors and teachers.

- Take care of some of my aging professors, teachers and mentors till the end of their lives.

- Rehabilitate some of the quaint old towns by creating jobs, fixing homes and incentivizing military vets to live there.

- Rest should go in charity for education and environment.

Anonymous wrote:

Anonymous wrote:I’d pay off my credit cards, book a fabulous vacation, buy a house in a vacation spot and buy a sequoia and vintage bronco to start.

Ahem. The purpose is to help me decide how to spend my winnings when *I* win. Don’t make this about you.

Weirdly pissy but ok. YOU could spend your money on ME. Is that better for YOU?

I’ve always wanted a Volkswagen Eos.

I would start a foundation and start buying land. We need more greenspace.

I'd upgrade my DC area house and then buy a beach house somewhere. I'd take a splurge vacation (fly first class, luxury hotel, somewhere I've never been). I'd set up a trust for my kids and nephews with enough for them to go to grad school and put a significant downpayment on a house. I'd set up a foundation with the remainder.

First you’d get a financial planner to maximize all the tax strategies — including a family foundation— and to make sure the money continues to grow.

Other things:
Additional properties
Art
Personal chef
Hire a coach/trainer/tutor to help achieve anything on your bucket list
Inspirato subscription

Anonymous wrote:No winner, now what will we all do with 1.6 billion?

No winner last night? Damn. I guess the jackpot will hit 2billion. Has anyone in this area ever won the jackpot

No winner, now what will we all do with 1.6 billion?

Some ideas:

-gift $16k to all the friends I like and all family members that I like ASAP (because $16k is the amount you can gift per year without taxes, right?)

-fully fund 529s for nieces and nephews

-establish educational trust to enable all my descendants for generations to get an education

-I’d try to remember every person who has ever done something nice for me and send them $16k

-hire an attorney to pursue legal action against my enemies (just kidding)

Agree with setting aside most of it for charity and foundation efforts. My focus would be on climate change issues and housing access, but I think with that much I'd have to expand it beyond that. But I view those as major problems that you need a lot of money to address, so I like the idea of having a lot of money to address them.

After that, agree first things first is a really nice relaxing vacation.

Then I have this laundry list of practical purchases I'd make to set our lives up so that we can just vastly reduce stress. We don't want a huge house, but I want a fully updated small house (3 bedrooms plus an office and den) and we'd have house cleaners once or maybe twice a week. I want to do my own landscaping/gardening (one of the things I'd love to spend more time on if I didn't have to work a regular job). DH loves to cook so we wouldn't hire that out either except occasionally when we want a break. House will be in a walkable neighborhood near public transportation, so we'd be one car but it will be an electric vehicle and of course we'll put in the charging hookup so we don't worry about that. Then I'm getting an electric cargo bike too.

Private school for DD plus all in on whatever extra-curriculars she wants. Club swimming, weekly piano, ballet, rock climbing camp, whatever. All the stuff we currently budget super carefully right now to do like 60% of, we just do, no problem. Obviously college fund plus extra for grad school if she wants it.

DH would quit his job immediately (he hates it) and probably take a year off to ride his bike and relax, but then he'd learn how to brew beer and start his own brewery. Maybe that becomes a summer project (or longer) where we move away for three months while he trains in Germany or Colorado or wherever it is you're supposed to learn to brew beer. Then a brewery, close enough that he can bike to work.

I actually like my job but would quit as full time and move to consulting where I get to pick my projects. I know I wouldn't need to, but I'd do it for a time because I think just quitting totally when I don't hate my job is dangerous (I think people think it's going to be great but then get bored or feel aimless and that's when problems start). But ultimately I think I'd like to go to art school and do that. Either paint and sell my work or maybe create my own gallery space or curate, I don't know. One of those jobs that I never viewed as realistic, especially after having a kid, because I need to actually make money.

Then charity, nice vacations, maybe we buy some investment properties (DD could live in one during college or after), I don't know. I wouldn't mind having a place in Paris but I also think I'd be totally happy just being able to go every year and staying in a nice AirBnB. Really, I think it's too much money for us so yeah, we're giving most of it away. I don't have a strong desire to live life as an uber rich person and spend all my time around uber rich people -- at this stage of life, I don't think I'd ever feel comfortable. I would own nicer clothes, but I'm not talking Gucci here -- I mean I get to buy a $400 dress when I want it but I don't need more than 2-3 of them, I'll get bored with that much acquisition.

Maybe this gives you some ideas, OP.

Anonymous wrote:I’d pay off my credit cards, book a fabulous vacation, buy a house in a vacation spot and buy a sequoia and vintage bronco to start.

Ahem. The purpose is to help me decide how to spend my winnings when *I* win. Don’t make this about you.