this post was submitted on 08 Oct 2023
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How would you spend $20 million a year? (midwest.social)
submitted 1 year ago by [email protected] to c/[email protected]
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Pretend the $20 million is guaranteed, and if anything will increase slightly over time.

What problems could be significantly improved for $20 million?

(I am dreaming of winning the $1.55 billion Powerball drawling. Then taking the lumpsum, posting taxes, investing, and spending 4% each and every year. I understand that the actual may be more, or less than the started amount.)

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[โ€“] [email protected] 4 points 1 year ago* (last edited 1 year ago)

I think the first thing I would do would be to rent an RV and just go driving around the country and up into Canada and see all the different states and all the different sites and things to see and get used to what it's going to be like to travel constantly and not be nailed down anywhere.

I feel like if I spent 6 months doing that before I made any dramatic decisions about what else to do that would help get my head into the right spot.

Of course I would first pay off all of my debts and I would probably reach out to all of my friends and family and give them a nice little surprise cash, something like $500,000.

I think I would make them sign a notarized contract that says that they agree that if there is any past grievance they have against me they consider that debt paid and forgiven with the $500,000 and agree that any future grievances will be handled by binding arbitration. The number one cause of unhappiness for lottery winners is family members suing them for money.

I don't think I've done anything to anyone that they would want to sue me for but at the same time it probably wouldn't hurt just to cover my bases.

It's not like they can't get a successful lawsuit against me with binding arbitration, all that would do is prevent an emotional jury from handing out crazy multi hundred million dollar verdicts against me because I didn't show up to the family christmas or something thinking that I can afford it since I won over a billion dollars in the lottery.

But aside from that yeah, 6 months in an RV with nothing to do but to go and see the Grand canyon and to travel to all the different cities that I want to travel to and seeing the sites and partaking in the local foods and events and just buying anything I want to buy as long as I can carry it around with me in the RV.

Oh yeah I'd probably call up my insurance agency and get a $10 million umbrella policy just in case.