i would go to zpi with my tc and say "give it the works! stage 3 engine package, stage 1.5 turbo kit, full exhaust, headlights and so on. while i was waiting for that i would go get a toyota tacoma x-runner, fj cruiser. lexus is250 6-speed. all of them would be done up right with loads of aftermarket. get my gf a new car, nvm, a chaffeur since i worry about her driving. i could afford to buy a house in montgomery county! then i would go on a vacation finially! i'm sure i'd do some nice things for my family too. my brother really wants a last generation m5...

 

Ok here's my laundry list if you will.

Payments please!

1) Fly to Dallas and surprise parents with the deed to their house free and clear.
Then offer to buy them a new one anywhere they want ( Mom is about to graduate with her PhD so it would be a graduation present!)
2) Take them car shopping for whatever they would like. If I had to guess....Dad would get a huge truck or SUV.....and put it to use...building stuff...yeah he;s cool like that. Mom I would guess would go for something sporty like maybe Porsche? LOL
3) Buy my girlfriends mom a new house.
4) Girlfriend and I would get married.
5) move someplace wonderful like Colorado and build a custom house with 10 acres of land at least.
6) House would have an 8 car garage and a huge custom wash bay with another bay containing a hydraulic lift :-D
7) Set up and fund college funds for Elizabeths Niece and soon to come Nephew.
Buy Elizabeth any car she wants.
9) Here it could get scary! Car shopping time. As some of you may know I have owned 27 cars in the past 12 years I LOVE CARS! Think I may buy a new one every year and add to the collection.

I have to stop now I am starting to smile and get a little crazy thinking about it. Need to go to get my tickets now....buh bye.

 

First thing, finish this tC the way i want it.

After that? ummmm.... i have no idea. The invest into a CD and live off interest is a great idea. a 4% yearly CD will give you 400K every year off of 10 million. next year you'll reinvest the original 10 million, and then an additional 10 million bringing your interest payment to 800k etc etc etc

 

ok deal! :D half goes to you

 

Payments for me too.

1) buy a house in japan, oregon, montana, and new zealand/australia. (houses would be huge, but they would be extremely energy efficient)
2) at my main house build a nice ware house with a wood shop, car shop, machine shop, and a large greenhouse attached.
3) begin building my own electric car.
4) buy an S2000, NSX, and the audi R10.
5) give my xA to a poor family
6) Donate a 1-2 million to nature conservancy and another 1-2 for education (i would do this every year for the 25 years, maybe donate more if i don't spend to much in a year)
7) Travel
probably keep attending college so i feel like i have a purpose
9) Put money away for kids college
10) invest the rest and live of the earnings

Ahh what a life

 

Payments would be stupid because there is no way to tell the value of the American dollar 5-10-15-20-25 years from now. It doesn't account for inflation. So your 10 million 10 years from now could very well be worth half or even less.

Lump sum, definitly.

Step 1) Buy a house.

Step 2) Buy another house.

Step 3) Buy a third house.

Step 4) Rent out the second and third houses.

Step 5) Toss 3/4 of what's left into an IRA

Step 6) Tour the planet.

 

or more

 

1/2 into savings

50 million to buy an island
buy a shop
work at my shop
light a 20 bill on fire everytime I wanted to.
buy lots of cars
eat good food.

 

That's not a gamble I'd be willing to take. Besides, invested wisely, even a fraction of that lump sum could carry someone well into retirement.

 

Well it's all based on personal preferences, isn't it....

 

I would but a 911 twin turbo, a house, whatever else i wanted. Help my family out, mainly my brother. Then i would start up non-profit organizations to help children in need. I would donate more money to charities i already donate too.

 

I would take mine in payments.

1) Get a lawyer
2) Setup a blind trust, so no one know I had the money.
3) Buy a blue lambo, through an extra 100 grand at it. And then take it to Import Motion and let it die in the parking lot. Then look for jumper cables and have 4 random kids push me into Roll In, and then _____ about how Noah had the last spot of the day for a full detail with the detailing crew because I am an idiot. Then on top of that I would make my self look like an ___ to everyone else at the roll in by being a dick.
4) Travel
5) Work for myself
6) buy a house
7) donate some money

 

Really any economist would tell you that the lump sum is a better payout. First of all if you get it then invest it, you'll get a higher rate of return over the longrun ($152 mil compounding every year for 25 years yields a better total as this $ would double every 7 years and equal approx. $600+ mil at the end of the timeline).

Also if you took the payments you'd also soon realize that $10 million is not going to be the same amount of money it is now in 25 years. Say you won $100K back in 1982 for 25 years...that'd be super cool then but now its just chump change in comparison to the cost of houses/cars/families/etc.

Where's Brian (WSU_Coug)...our resident SL financial planner to tell us about options?

BTW...if I won I'd invest the money in diversified accounts/stocks/bonds/bills (making sure that some of it is covered by FDIC assurances in case of supreme disaster).

I'd then pay tithe/zakat on the money total.

Then I'd go about making a comfortable life for my family and I.

I'd probably start my own company or firm.

And then my main focus would be my ultimate goal of creating a legacy of philanthropy/grant-making/major donor status to several groups that Mo & I already donate to (Pacific Science Center, 5th Avenue Theatre, Treehouse, KCTS/PBS, Seattle Art Museum, Washington Women's Foundation, etc.).

 

Dude...I just did a spit take when I read that...you are tooooooo funny!

 

I'm an econ major and a financial analyst but I'd still rather take the yearly payments

 

i forgot the most important car of all! i would get an exact replica of the ae86 from initial d!

i'd also go to probably every race car driving drifting school i can find! become a track superstar!

 

DITTO!

 

then, when zpi is done with my tc...it's huntin time...

 

I don't know about that, CoreyAnn. I have a feeling that 350 million dollars is still going to be an amazing amount of money in 25 years.

I am, however, interested in hearing how one can double, triple or whatever, the lump sum. Is any of that investment stuff guaranteed or is it just as much of a gamble though? What if I threw a million or three in some sort of investment, each year?

Starting my own company.... that's good. Let me put that on my list too.

 

The inflation comment was funny. 10 million could be worth almost have in 10 years? WTF? I know things go up but?? Anyway no matter what 10 million once can pay for 10 lifetimes of opulance when managed correclty. With that said I think I could take the challenge of living a life of opulance 35X's more than I should!