I think we'd tell a select few (immediate family), but not disclose the figure.
Firstly, we'd pay off our debts and buy ourselves an amazing home. Also purchase a few investment properties.
Then we'd pay off my parents mortgage, buy a property for MIL (who is on the pension and renting), and give some money to SIL and put some money in an account for my brother.
Have a splurge on travel & buy new vehicles. Make some generous donations to some worthy charities. Throw a massive fancy party for all our friends. Renew our wedding vows in style.
Consult with a financial adviser to work out how to make the rest of the money 'work' for us.
I'd also use the money to ensure my DS had the best possible support for his education.
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11-01-2016 11:43 #41
11-01-2016 12:42 #42
We'd tell our families but I'm not sure that we'd disclose the full amount. Maybe tell our closest friends which is 5 couples and give them $1 million each. Or maybe somehow anonymously gift it to them, that would be awesome!
Give my parents, ILs, siblings and nephews and nieces $1 million each. Pay off our mortgage, buy ourselves nice new cars (no ferraris but I'm sure hubby would argue that lol). We'd start investing in property to give us an income when we retire. Find a charity to support. Invest in a few properties for our daughter and future children.
I think we'd both continue to work but I'd probably cut down my hours or just take on short-term contracts.
11-01-2016 13:08 #43
However It also has the potential to drive people crazy wondering who it is?
In our case they'd figure out pretty easily who it is if you give to both side of the family
Other than that I don't see any problem with handing over money. It's not like you deserve or did anything specially hard to get it. So I wouldn't care how they chose to spend it.
It's more about sharing the good fortune. I really believe in what goes around comes around.
Also I couldn't enjoy the money the same if I didn't share it. I'd keep $4M, enough to buy a house and live off the interests then distribute the rest evenly between family members and close friends.
11-01-2016 18:32 #44
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Wise Enough (11-01-2016)
11-01-2016 20:07 #45-
- Join Date
- Apr 2012
Am I the only one considering a nudie run at the cricket to celebrate?
11-01-2016 20:14 #46
11-01-2016 20:28 #47
I was just seeing if I would buy a ticket in the US powerball and found their FAQ hilarious. For the record non citizens can win but you can only buy and claim the ticket in the country- I'm hoping a friend will buy mine (yes I trust her, it's over a billion dollars, how much can she need??
11-01-2016 20:29 #48
11-01-2016 23:09 #49
12-01-2016 20:54 #50
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