last night when it was 900 million the cash payout was 560 million.
first i want to say that it is easy to piss money away though i could not imagine doing it on a scale that large but i would have fun trying.
i got a settlement in early march of 2015. i cleared about 40k. my plan was to be smart. bank it. be modest. live off it for 18 months or so.
it didnt work that way.
i spent all of it in about 2 months.
took my wife and daughter to florida. bought new furniture and appliances.
bought a 97 harley. sold it in a couple weeks and bought a 2015.
bought a mustang gt.
bought a car for my wife.
we were eating out all the time. was not comparison shopping and using coupons and #.
totally pissed it away.
i know if i won 500 million i would be set for life. i wouldnt be living like royalty but i would be fine.
so what would i do?
i dont know about the lawyers and the llc's and all that # but my basic plan would be
quit my job immediately.
open up some sort of high yield/high interest type account. maybe in another country. put maybe 50 million in it and just let it sit and grow. the
rest is for spending.
clear my moms debt and break her off a million.
set up a trust/account for my daughter with maybe 50 million in it that she can get at when she is 21.
thats about 100 million plus a mill for my mom and and clearing her debt. lets call it 101 million gone.
still have 399 million to play with.
decide where we want to live and buy or build a house there. nothing like oprah would live in but i would probably spend a mill or 2 on it.
then the fun starts.
a few 4k tv's. furnish the whole place. a nice sub z fridge....# like that
i would build maybe a 20 car garage on the property and fully equip it. a few twin posts lifts. an alignment rack.
maybe 100k worth of snap on tools.
then it is time to buy vehicles.
my wife dont care too much about cars so she would get a new whatever she wants.
me though.....kinda would go crazy
depending where we lived my daily driver(s) would be a porsche panamera
i would buy the cleanest 1987 buick gnx i could find along with
a nissan skyline
a porsche 911 targa
an aston martin vanquish
a road runner
a toyota supra
a buick wildcat
a lancer evo
then i would buy a few cars to play with and work on in my fully equipped garage
as far as motorcycles go
i would probably buy a new twin cam for putting around with but i would need a few projects too
not sure the year but i would grab an evo
probably grab an old indian
i would buy a cnc lathe and a cnc mill so i could mess around turning parts
i have a friend that is from durban south africa. he is a metallurgist for our sister company. he came here for a couple months last year and we
worked together a lot. taught me how to UT.
i would get him and his wife and son over here and set them up wherever he wanted to go.
i would devote a lot of time for my wife and i to travel around with our daughter looking for first edition books for our library and unique
instruments for our collection.
thats about it.
i would spend my days with my family hanging out. traveling. dining out.
when not doing that i would be in my fully equipped garage working on my #.
sounds about right to me.