You just won 20 million dollars. How you're gonna live your life from now on? Would you still work...

I'd take 5 mil to buy a house/cool stuff with then put the other 15 mil in savings accounts and live off the interest. 1% of 15 mil is 150,000 a year.

go on a small spending spree first. not alot, like 10k max. after that put the majority in a saving account and leave some for me to do what ever the fuck i want with

Well as in Mexico you only pay 3% tax, I'd invest 15 million in buying a factory/industrial building and rent it. Then just buy a plot of land near a mountain and build a really nice home, build a madlad computer, buy a nice car (probs an S4) and take big trips with my wife

lrn to invest faggot. 1% a year wont even keep up with inflation. At the very least put it in a CD. If you have more than 2 million you can earn 4-5% for almost zero risk.

Sauce?

After taxes, probably invest and keep the rest panned our for a lifetime. Probably keep a really low maintenance job but live freely knowing that you’re basically set for life. No crazy purchases, perhaps only a house and that’s it.

Time to buy a house, drop half on an index fund, send a quarter into the bank at "barely more than inflation" but guaranteed rates, retire and live quietly.
My dreams are relatively modest, and my passions don't involve spending bucketloads of money, so there you go.

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>With a 20 million jackpot you are going to pay about half of that in taxes
Imagine having to pay taxes on lottery winnings

I would probably retire my mother and give my family some. Then I would just pursue passion projects. Wouldn't work a job.

I was hoping to have $6M in total net before I retired, this would speed things up by at least a decade and put me well over the top. I'd travel globally for a year or two then get an RV and tour every national park in the US then maybe do Canada too. Most of it would stay invested, the only way to get there is the only way to remain there.

I'd quit my job and take up some charity work probably. Something I actually enjoy but can chose my own hours and don't have to bother if I don't feel up for it. Quitting work and doing nothing all day is terrible as this lockdown has been showing

this is what that asshole looks like grown up

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There are some good high yield savings accounts but you have to have a lot of money to even qualify but yeah that's pretty much the point of them.

Still looks like an asshole.
A loveable, adorable asshole

I didn't read, all I saw was a little kitty cat.

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Lottery winnings are taxed like income, and the IRS taxes the top income bracket 39.6%. The government will withhold 25% of that before the money ever gets to the winner. The rest has to be paid at tax time.

money.cnn.com/2016/01/08/pf/taxes/powerball-jackpot-tax-bill

>the government always takes their cut.

Same

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My friend has this kind of money inherited from her father, there is a lot of resentment from one of her brothers about inheritance and shit. Her other brother committed suicide. OK they have a nice house in the countryside and property overseas to spend holidays at but pretty much live a normal life. She is very hypocritically all about recycling and saving the planet though whilst being a multiple car family with a new car every year or so for her and her partner plus her dad owning an industrial manufacturing business. They are very much what we call champagne socialists.

I don't want to decrease my liquidity too much. Investing in stock still gives me the option to sell if I really need a wad of cash right now.

THIS IS NOW A CAT THREAD

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Maybe in america
Here all lottery winnings are tax exempt.

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>You just won 20 million dollars.
I'd buy one gallon of today's Trump gas.

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Quit my job, invest 25 percent, save 25%, spend 25%, spend the rest on hoes.

Not in the UK. Lottery winnings are tax free

>How you're gonna live your life from now on?
Invest 5mil into properties.
Invest 10mil into a trust fund.
Invest half a mil into getting a remote cabin set up and with everything I need.
Spend my days drinkin, smoking weed, hunting, fishing, playing vidya, bit of gardening. Enjoying a quiet, simple life.
>Would you still work?
Yeah, I know from personal experience that just sitting around doing nothing for months/years at a time drives a person mad.
I'd get a little part-time job somewhere in a bar or volunteer at a school or something. Give me a reason to get out of bed in the morning, 2 days a week.
It's also important for your mental health to get out and interact with people and to have some sort of regularly scheduled activity in your life.
>Would go ape shit and spend it all on hoes and drugs?
fuck now, that's retarded shit.
I'd get my own weed and shrooms growing. Prob buy a 1000-sheet of LSD and have my own homebrew and distilling setups going.

It's all a pipedream though. My generation is unable to retire, unable to buy a house and stuck working until age 70 or 75 with no pension to look forward to.

Would quit working full time and just keep doing hobbies for side money. Would stay in Wyoming because I love it here.

I would do everything I pleased when I pleased and not worry about anything.
I would help out all family and friends and random strangers even.
I would do proyects for fun and self growth and also look for ways to improve the modern world. I probably would end up a hippie with lots of land and prbly a commune living in it.

Spend like half paying off my mortgage and other debts. Invest half in the stock market in about 2 months after this oil/corona thing crashes everything, quit work and live off like 100-200k a year just doing (not fancy) travel, enjoying hobbies like music/training etc

update: pic related is what I want.
i'd want a kayak too and some good quality camping gear to get even more /out/ once in a while.

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You would have to image search her. I don't think she is hard to find but that is by far the hottest pic of her. She normally looks pretty average, she just got the pose and lighting perfect in that one.

Realistically, I'd buy some land and build a nice 1-3 million dollar house for myself. Probably spend another 2 million getting a decent car and some furniture for the place, and save another 5 million for taxes and stuff. Then with the remaining 10 mil, I'd buy some apartment buildings, houses etc and use that for a nice monthly income. The final step is get a decent gf who would not divorce me for the money.

>buy isolated farmhouse / cottage, nothing fancy
>buy nice budget city pad
>buy reliable car
>chill

Time ro build and rent out some houses.
Or buy and sell when the corona crisis is over

Housing is easy money where i come froml

I would buy 100-200 acres near the Bay Area with a couple mill, invest the rest for profit. I’d use the gains to fund my development and rehabilitation of the land.

First I’d build and earthship and start converting the soil around the home site, probably using a combination of compost mulching and chicken tractors.

From there I would start expanding a food forest habitat that would extend outward from my house over the course of my life.
Over story would be palms and large nut trees. Peaches, apples, plums, banana, olive, and an assortment of smaller nuts would make up the mid story. Then the shrub, herb, ground cover, and root layers would be a vast assortment of eatables.

Get myself off grid and entirely independent from the idiocy of our current system.

>buy store
>turn it in to teenage girls clothing shop
>stock only the sluttiest clothes
>hire myself as a security guard
>stick my office behind the two way mirrors in the changing rooms
>sit at my desk and watch
>wait for naughty girls to steal shit
>?????
>profit

Buy the few material things I've really wanted, give some to friends that need it, put the rest in investments and get back to work until I'm bored with work and want to do something else for a change.
Hopefully use it to fuel creative ventures I come up with.

beautiful cat

Quints confirm

>I would buy 100-200 acres near the Bay Area >with a couple mill,
lol, I'm assuming you're talking about the Tampa Bay Area, because you're sure as hell not getting 100+ acres in the San Francisco Bay Area for $2m. Unless you count Nevada as part of the SF Bay Area.