What would you do if you won the lottery?

[Chordata]

Originally Posted by thePhoenix

I'd probably split like half of it with my parents, brother and sisters. I'd buy a huge plot of land and build a bad a$$ (but not huge) house on it. I'd buy a giant RV so I could travel the world, a fully restored 1969 Chevy Chevelle, a Cadillac Escalade, and a Harley. I'd probably try to invest some money as well, not sure in what way specifically but I'd have plenty of time to research.

What would you guys do?

I love to daydream about it. Let's say I get $60 million. Right off the bat, half goes to savings or investments. Then (get ready for nerdy answer time) I would set up significant inter vivos trusts for my children. Then I'd pay off our house that we're ridiculously underwater on (yah Florida real estate in 2006!)

I'd give some to my parents, some to my wife's, some to my brother, some to my sister/brother-in-law, and set up some trusts for my 2 nieces and 1 nephew. I'd like to donate some to my colleges, too.

After that, it's time to get the beach house in the Caribbean, the house in Montana, and the pad in NYC. (My wife thinks the pad in NYC is dumb but having lived there once, I'd love to do it again whenever I want).

All I want to do is travel with my family anyway, so we'd do that. We can rent out the 3 above-mentioned places while we travel.

Wouldn't it be nice?