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Thread: Congratulations! You've hit the jackpot!

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    Warrior Monk kedar may be famous one day kedar may be famous one day kedar's Avatar
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    Congratulations! You've hit the jackpot!

    ...now what?

    Greetings to AO members,

    Let us suppose that you were that lucky recipient, who has won herself/himself a cash prize that amounted to 10 million, say in US currency, dollars. Now then, what befalls that money? In what would you invest that money? How would you spend it? Would you allocate and contribute part of it to something? If so, what would that "something" be?!! Have we any ambitious philanthropists here? (You don't have to be painstakingly detailed. Just have fun with it!)

    Lastly, please attempt to address this question: How do you think your life would be different having won that money compared to when you were without it?

    Come now, lets get that money leaking, Richie Richies.

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    Grouchy Old Anime Otaku LenMiyata has become well known LenMiyata has become well known LenMiyata has become well known LenMiyata's Avatar
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    Re: Congratulations! You've hit the jackpot!

    Grumble Grumble Grumble

    Though now a days, 10 million dollars isn't what 10 million dollars used to be. A once of Gold requires around $800 to purchase, but back in the 1920s, you needed only $28 for that same ounce of Gold. And the chocolate bar that runs you $1 at vending machines is smaller then the chocolate bar I could buy in grade school for 5 cents. And in the Silicon Valley, a normal 3 bedroom two bathroom house has a median price in the neighborhood of three quarters of a million dollars plus tax and interest....

    If I did happen to come across 10 million dollars, I would keep 1 million in a money market fund, just in case a nice Silicon Valley property is forced onto the market with a bank foreclosure sale, then stick half of the rest in a Wilshire 5000 stock index fund as a dependable conservative investment for retirement, and stick the rest in even more conservative tax free State bonds and US government backed securities, as its hard to tell what direction the economy is headed...
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    Rawr~ :3 Boxteroid Champion, flyplane Champion, Home Run Champion, Bubbelfutsch Champion, Fire Fighter Champion, Brendans Soccer Champion, Movie Star Match-Up Champion, Total blackout Champion, Text Your Reflexes Champion, Scary movie Champion, Hulk Smash Up Champion, Star Wars Champion, Extreme Snowboarding Champion, Air Disc Champion, Action Fish Champion, A Game Of 3 Halves Champion, Battleball Champion, Hacky Sack Champion, FAD 2003 Champion, SQRL Golf Champion, Dr Yeckyl and Mr Ride Champion, Sky Glide Champion, Flyer Champion, Finnair Champion, Drachenjagd Champion, Canyon Glider Champion, City Surfing Champion, Action Driving Game Champion, Extreme Rowing Champion, Kardahdg Champion, Acceleracers Track Mod Champion, Final Test Champion, Du Wichtel Champion, Pedal Power Champion, Camera Killer 2 Champion, Bike Mania on ICE Champion, ATV Winter Challenge Champion, Caliber Dash Champion, Diesel and Death Champion, Snow Ride Champion, Camera Killer Champion, Pepsi Jet Ski Champion, Bumper Cars Championship Champion, Drifting Champion, Get A Grip Champion, Rooney on the Rampage Champion, Death To Ninja Champion, Kung Fu Hustle 2 Champion, Muay Thai Champion, Metal Arm FAWEGE Champion, Knife Champion, Classroom Fighter Champion, Nobuyuki Forces 3 Champion, Caddeva Champion, Sewer Dweller Champion, Angel Mart Champion, Snowy Champion, Bola Champion, Boiler Room Champion, Bobcat Champion, Amazon Quest Champion, Booty Champion, Five Errors Champion, Mind Your Marbles Champion, Angel Fruit Champion, Binggrae Champion, Candy Shoot Champion, Imperial tiles Champion, Himalayaya - Yeti Strikes Back Champion, Terrorist Attack Champion, Americas Army Champion, Special Operations Champion, Destroy the robots Champion, Cubicle Warfare Champion, Battle Field Champion, Weapons Dealer Champion, Army Copter Champion, Flat War Champion, Terrorist Alert Champion, Bully Basher Champion, Reaktor Champion, Bungee Rescue Champion, The Contraptor Champion, Boris Champion, Carling Cold Champion, Paddleball Champion RayMe is making a name for themselves RayMe is making a name for themselves RayMe's Avatar
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    Re: Congratulations! You've hit the jackpot!

    wow... Len seems all "prepared" well yeah.. things can go wrong you know... who knows one day a big economic crisis strikes...right? and as he said... things are getting more and more expensive... @.@ it wont be long before even all middle incomed idividuals will own or get more than 10 billion a year since everything is...getting more expensive... but thats in the future...long long way in the future~ xD

    Hmm i would save em in the bank about 60% or higher... use 20% to do small time bussiness...sell something or what not.. another 20% for me to do things i want... house maybe...a better bike would be good... get married? @.@ ?

    and when i get old...55 to 60...i may go travelling for sometime.. ^^ with the money i kept and then live somewhere with solitude peace and quiet... i sound old... *shivers*

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    Banned aceman67 has become well known aceman67 has become well known aceman67 has become well known aceman67's Avatar
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    Re: Congratulations! You've hit the jackpot!

    First off, you should have said Kuwaiti dinars, since they are the highest valued currency in the world (1 Dinar is worth 3 US dollars.) highest valued currency unit (As of April 2007)

    And you're forgetting that the Canadian Dollar is worth more then the US dollar.

    I'd pay off my debts (My car loan, my student loan), my parents Debts (Their house car and tent camper loans) then send them where ever they want to go in the world, put a 200,000 away in a high interest savings account for my 3 nieces and 1 nephew for their college education so they have the choice of any college or university they want, Buy a house in cash, pay the bills and utilities for 5 or so years, buy the most powerful computer available on the civilian market, then put the rest in savings and live off it for as long as I can, while still working and putting what I earn in savings as well.

    and Rayme, be careful about calling a particular age "old", Len's turning 50 soon, and I'm pretty sure he's young at heart.

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    is On Point Abu Dhabi is making a name for themselves Abu Dhabi is making a name for themselves Abu Dhabi's Avatar
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    Re: Congratulations! You've hit the jackpot!

    ^_^ well, first i'd buy everyone nice Christmas presents!

    then i'd pay for Lucky's headstone and Tybalt's shots...

    after that, i'd give my Darling, parents, and sister a portion of the money to do what they will... depending on my mood i'd give some to my niece's bank account, but that entirely depends on her attitude... then i'd try to give 10&#37; to my Church... so that's be $1 million, right?

    and then i'd bury some in a hole, put some in the bank, and invest a good portion of it into bonds and stuff (good for the community and a solid promise). later on i'd probably play the stock market, but not right now.

    ^_^ i'm saving so much so that when Soshi and i get married, we'd have a house for sure!

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    God's Little Girl blue_rebel may be famous one day blue_rebel may be famous one day blue_rebel's Avatar
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    Re: Congratulations! You've hit the jackpot!

    $10m is an insane amount of money. I wouldn't even know where to start spending it. That being the case, I think I'd store $9.5m of it in a fixed deposit in the bank (to earn more from it, duh!) so I won't be able to touch it while I think of ways to splurge. And then I'd sign a load of thousand-dollar checks to organizations I support and to charity, and spend a couple thousand on stuff I want (i.e. clothes, accessories, tech needs) and/or need. And whatever's left (which I daresay should be a few hundred grand) will go to nice presents and stuff. No one in family has loans to pay off (we're all dead against taking out loans), so no worries there. I probably wouldn't even buy a car because there are already 3 (my dad's, my mum's, and my sister's) in my house, and there isn't room in the garage for more. +__+ And I definitely don't want to spend money on renovations just so I can fit some damn fourth car in the garage.

    Aren't I a good kid. I know how to save!

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    Community Dude Asteroids Champion dude101 may be famous one day dude101 may be famous one day dude101's Avatar
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    Re: Congratulations! You've hit the jackpot!

    hmm if i ever won that amount of money. i would most likely just chuck it into a saving account of some sort. i mean $10 million with 5&#37; interest will make $500 000 per year. and for me thats more than enough to live off. all u have to do is wait a yr and i'm more than patient enough for that. and i couldn't spend $500 000 all in one yr, mainly cause i would hate to live a life of high class. that stuff is just not for me. and if ya think about it, the money in the back will never disappear (well unless something big in the economy happens, which i doubt would happen over here). so an endless supply of cash, sounds nice doesn't it?.

    plus the money i don't spend i'll just walk around the streets and bi+(h slap some random strangers with money. i always wonder what that would feel like.

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    Slippery When Wet~ Trampoline Tricks 2 Champion, Togy Ball Champion highteckdudu is off to a good start highteckdudu's Avatar
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    Re: Congratulations! You've hit the jackpot!

    Put it in the bank! YEAH! Why you ask? Because if i put it in the bank i get interest, and that means more money! i'm not greedy or any thing its just that i am thinking smart *points at head* Well that one is tough! it looks easy but when you get to thinking about it, it hits you, 'dang what would I do?' well this is what i came up with in this short amount of time, I would first off pay off any debt that our family has and maybe even more, i'd pay off coledge, then my house, and at some point i would donate to some random charity bout a 1000 or 2000 depends on my mood! And then I alwys wanted to go to japan! So i'd put some aside for that trip, my mother always wanted to see Alaska and the whale so then i would take her there, wow i think that should come close to rqualling 10 mill dont you think? Probly not, that like 3 mill at the most, of course i would by little things here and there, but nothing big so iwont put that down, I would some how help other people with whats left, ooohhh and i would pay off my younger sisters collegd if she decides to go to colledge!

    Wow this is a lot of thinking! i dont know how long this took me to type? not that i am getting further in to this, 10 million is alot of money! I hear questions like what would you do with a million bucks? and stuff like that~! but this one, has somany possibilities, winning just 10 thousand I wouyld be happy! Thank you so kindly for asking that question, great one, yeah but to shorten that up just pay all the debts. and fro futer plans.

    Were going to disney land! Not! Yeah i like to help others so if i can do that tha would make me happy, but i'm not donating the whle 10 mill the world would think i'm crayz! "what are you doing donating all 10 flippin million bucks" yeah theyed put me in a straight jacket, probly not but eh?

    Just so you all know i didnt read the peoples responses before this i wanted to get to this right away! so if i said any thing offensive sorry~ *slap* ok now i'm rambling well that is what i would do! So if there is any thing that you think i shoud change? Feel free to tell me i'm open for suggestions~
    I tryed to see things from your point of view but i cant seem to get my head that far up my ass!
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