Posted: 3/21/2012 7:58:37 AM EDT
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So lets say someone wins 100-200 million in the lottery. What exactly do they do with the money? I mean where do they put it? Would they put it in a bank account? 100 bank accounts? Any thoughts?
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Quoted:
So lets say someone wins 100-200 million in the lottery. What exactly do they do with the money? I mean where do they put it? Would they put it in a bank account? 100 bank accounts? Any thoughts? Most of them blow through it as fast as they get it and end up right where they were before they won anything. The smart person would put back a small amount into various savings/money market accounts as an emergency fund and invest the rest wisely. |
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Lol should have know there was something on here already. Thanks for the link. Sorry for not searching first everybody. |
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Set up a family trust. Give a big pile to my daughters outright. Give some little piles to my brothers and sister and their kids. Buy a summer place in Montana, Idaho, or Wyoming, and a winter place in NM or Arizona. Buy a shiney new sailplane and equip a first class shop. Invest a huge pile so no one in my family would have to ever work at a shitty job. Then start flying and fishing and traveling until hunting season starts. The wave is booming along the Sierras right now, so I would see how many long flights I could make over the next two months.
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Quoted: Lol should have know there was something on here already. Thanks for the link. Sorry for not searching first everybody. I didn't mean that as a "You should have searched" kind of thing––it would probably be hard to find unless you had seen it before and knew exactly what to search for. |