You just won the power ball!!!

[achilles12604]

The power ball is currently at around 100,000,000 dollars. If you won this much money, what would you do with it?

[otseng]

Since I've never bought a lottery ticket for myself, the answer would be completely hypothetical.

Assuming it's a lump sum payment, I'd account for Uncle Sam taking 30% of it. That's -30 mill.

I'd tithe next, allocated to various amounts to different groups. That's -10 mill.

That leaves 60 mill.

I'd pay off my house, quit my job, and take a 6 month around the world vacation.

Then I'd start my own company fulltime and invest the rest. I'd probably also hire an attorney and accountant somewhere in there.

[Goat]

The power ball is currently at around 100,000,000 dollars. If you won this much money, what would you do with it?

I would 1) retire 2) set up a certain percentage to live off the interest 3) pay the education of several young adults i know that are having difficulties getting to college, 4) pay off my immediate families mortgages. 5) Get a new house for my mother
6) probably upgrade my house. 7) give a lot to charity. 8) invest

[McCulloch]

In Canada most of these lotteries are tax free. I expect it is the same there.

There are many people who fall through the cracks of the support system. They do not have the social skills and cognitive abilities to function independently in our society but they do not require the level of supervision and oversight provided by group homes and institutions. What is needed is a graduated scale of supported independent living situations. I would establish one, specifically geared to the functioning level of my son and make it available to others at his level.

Too bad I don't buy tickets.

[achilles12604]

In Canada most of these lotteries are tax free. I expect it is the same there.

There are many people who fall through the cracks of the support system. They do not have the social skills and cognitive abilities to function independently in our society but they do not require the level of supervision and oversight provided by group homes and institutions. What is needed is a graduated scale of supported independent living situations. I would establish one, specifically geared to the functioning level of my son and make it available to others at his level.

Too bad I don't buy tickets.

LOL. For a country which once rebelled due to unethical taxation, we certainly have added a lot of our own, including winnings. I think lottery winnings are somewhere around 30-40%. Ouch.

[achilles12604]

I have pondered this question numerous times over the last few years just for fun and I think I have set upon a set of conditions which I like.

1) Taxes. Blah but necessary. That leaves around 70 mil

2) I would build an apartment complex for single mothers. There would be qualifications of course but I have always had a heart for single mothers. Their job is unbelieveable and unimaginable to those who have never had to do it. I am pretty well aware of what it takes on an empathetic level because of my street ministry. But I don't know if I could handle it. It is amazing what they accomplish.

Anyway, I would probably take about 2-3 million and build as big a building as I could. Of course I would need to buy the lot to put the building on too so lets say 5 million all together for the building itself. Then I would calculate the yearly expenses of upkeep and managing the building and then invest the appropriate amount in a very safe and secure fund. Maybe even a straight savings account. INGdirect offers saving accounts with between 4-5.5 % interest. But for numbers sake lets say that 15 million at 5% ($750,000 per year) would be enough to run and maintain the building without outside interference.

So now I am at 50 million left.

3) I would hire someone to finish building the house I am currently living in. My father built this house in 1985, and I am now living in it. But it does take quite a bit to maintain and there are numerous projects I want finished including a solar field, solar water heating, property wall, wine cellar, wood storage facility, and a few others. I figure that 1 million would easily be enough to finish this place to my likings.

4) Then I would fund my street ministry with 5 million and give another 5 million to my church (my pastor recently was banned from the old denomination for preachings "heresy". go figure lol)

5) So I have 39 million left if my math is right.

I would pay off the houses of my family and close friends (roughly 3 million to accomplish everyone)

6) 36 million. I would probably invest the rest and live off the interest. I might work at the sheriff's office for another year or so and then leave and start my own wood cutting and fire wood selling business. I love that kind of work. To me, it is play time.

7) I figure the interest would actually build the 36 million back quickly because I would still live about the same life style I do now. I have what I need and I do not like "Christians" who drive hummers, live in milti million dollar homes, are more worried about the stock market than hunger in their own city, and think they are so much better than those around them. Those people drive me nuts and I would refuse to become one.

So I figure I would live on around 70-80 Grand a year (a little more than I make now) and the rest would simply accumulate. I might give half of the acculation to research childhood diseases and cancer. Yea. That is a good idea. So it would accumulate slower but those research foundations would get around a million a year from the interest.


Thats what I would do with a $100 million win.

[McCulloch]

2) I would build an apartment complex for single mothers. There would be qualifications of course but I have always had a heart for single mothers. Their job is unbelieveable and unimaginable to those who have never had to do it. I am pretty well aware of what it takes on an empathetic level because of my street ministry. But I don't know if I could handle it. It is amazing what they accomplish.

Your heart is in the right place but I fear that a building for only single mothers would tend to ghettoize them. If you were a single mother, would you want to live in such a place?

[otseng]

2) I would build an apartment complex for single mothers. There would be qualifications of course but I have always had a heart for single mothers. Their job is unbelieveable and unimaginable to those who have never had to do it. I am pretty well aware of what it takes on an empathetic level because of my street ministry. But I don't know if I could handle it. It is amazing what they accomplish.

Your heart is in the right place but I fear that a building for only single mothers would tend to ghettoize them. If you were a single mother, would you want to live in such a place?

Or just give to the Warrick Dunn foundation.

[achilles12604]

2) I would build an apartment complex for single mothers. There would be qualifications of course but I have always had a heart for single mothers. Their job is unbelieveable and unimaginable to those who have never had to do it. I am pretty well aware of what it takes on an empathetic level because of my street ministry. But I don't know if I could handle it. It is amazing what they accomplish.

Your heart is in the right place but I fear that a building for only single mothers would tend to ghettoize them. If you were a single mother, would you want to live in such a place?

I think you might be misunderstanding what I mean. I am not talking about a shelter.

I am talking about an apartment complex. And I would build in in a nice part of town. So really the only difference between this apartment complex and the one next door is that mine would be reserved for single mothers, trying to make it in the world. And they would just happen to pay almost no rent to help them back on their feet.

And as for being a single mother, I never will be one. I did however live in "low income housing" made possible by the Colorado Homeless Families for about a year and it was really quite nice. In fact it was this place which inspired me (along with seeing the single mothers in the motels on Colfax). While I lived there I paid about $130 a month in rent for a three level duplex. They had programs designed
for low income families struggling to get back on their feet. It was really quite wonderful.

[achilles12604]

2) I would build an apartment complex for single mothers. There would be qualifications of course but I have always had a heart for single mothers. Their job is unbelieveable and unimaginable to those who have never had to do it. I am pretty well aware of what it takes on an empathetic level because of my street ministry. But I don't know if I could handle it. It is amazing what they accomplish.

Your heart is in the right place but I fear that a building for only single mothers would tend to ghettoize them. If you were a single mother, would you want to live in such a place?

Or just give to the Warrick Dunn foundation.

I could give to organizations like this. But I think it would be far better to start another one. I think I could do more good by starting a new one, than adding to an existing one. Besides, I want to target my hometown just like Mr. Dunn did with his.

But then again the interest being given away at the end of each year (from the 36 mil) could be handed out to organizations like this as well as cancer research, child hood deseases, or world wide hunger missions. There is so much need.

Just think what this world could accomplish if the US Govt would stop trying to take over the world and would instead direct most of it's military budget to wiping out world hunger. 400 Billion a year towards world hunger. I bet it would be gone in a decade.