OGRE Posted September 3, 2009 Report Share Posted September 3, 2009 2% is a low return an investment that large. And to only spend 300k for most thats unrealstic. The 54k a year isnt that much, some could live on that...i couldnt. if you could spend 600k of your winnings and invest the other 2.4 million and get a yeild of 6% and had a job you would never lose your money. Its most of the people that spend a shit load of the money then dont work and keep spending and spending and spending. yeah i was using the bare minimum if you weren't even trying, and 54k + your job for 20 years to me would be plenty when you retire 40-45 years old. Quote Link to comment Share on other sites More sharing options...
Guest Removed Posted September 3, 2009 Report Share Posted September 3, 2009 $3 million isn't really a lot of money, it's enough to where you would have to invest very wisely to last you the rest of your life comfortably. In the hands of a 16-year old I can easily see how it could be blown in a short period - 6 years is actually pretty impressive. word.. now take 10 million or more, and you can live off the interest alone. think about it. 10 grand or so a month. you could live rather comfortable with that. Quote Link to comment Share on other sites More sharing options...
psi nrg Posted September 4, 2009 Report Share Posted September 4, 2009 I'd pay off any debt I had, pay off my parents house, get myself a nice house, couple toys, nice car, Hire my own personal financial advisor to make sure I live with in my budget and that I invest in the right things and watch my money grow. Quote Link to comment Share on other sites More sharing options...
OSUGT Posted September 4, 2009 Report Share Posted September 4, 2009 Instead of getting it all at once, get it over a 30 year period. Solved. Most people take it all up front to get inflation and taxes out of the way. Both of those are gonna go up and make your money worth less over 30 years. Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted September 7, 2009 Report Share Posted September 7, 2009 I'd invest every penny. And why the fuck would anyone continue to work (okay, maybe on 3 million, but on 10+ million??!!!). Work would be lucky if I called and said I quit. I'd likely start by paying off all debt, but would then replenish that money spent from the initial winnings back into my investment pool. Keep living off that interest, and depending on what I was earning monthly, perhaps take some of that interest income and invest it in higher-risk investments...lose, no biggie. Win, you become ever richer. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted September 7, 2009 Report Share Posted September 7, 2009 if i won it when it was 333 million i would of partied like a rock star!!! probably spend like 50million real fast! lol. Quote Link to comment Share on other sites More sharing options...
verse Posted September 7, 2009 Report Share Posted September 7, 2009 333 million you'd never have to worry about a thing ever. Quote Link to comment Share on other sites More sharing options...
Mensan Posted September 7, 2009 Report Share Posted September 7, 2009 Some of the answers in this thread rival what that woman did. The S&P average is 11% per year. You can make that in mutual funds, invested modestly. If you can't live on 11%of $3M per year, you either have problems or. Taking the annual payments is silly. I'm not going to explain it. I wouldn't quit my job for $3M. In my opinion the money I made from work could be used to make a substantial difference on startup money for a business while I have a guaranteed income from the interest paid off of the $3M. Quote Link to comment Share on other sites More sharing options...
Dave1647545494 Posted September 7, 2009 Report Share Posted September 7, 2009 easy come easy go I'd spend it all on hookers and coke Quote Link to comment Share on other sites More sharing options...
aussiesmg Posted September 8, 2009 Report Share Posted September 8, 2009 $3M invest and live well of the interest along with my current business income. $333M I would build a race track......sell memberships, lease buildings and do what I want to do which is build cars and race them Quote Link to comment Share on other sites More sharing options...
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