What would you do with all of that money?

[Ninjasquirrel]

The Powerball jackpot is up to 550 million dollars. The odds of winning are small but it is enough to make people be willing to take the risk and buy a ticket. I personally dont gamble but when it gets to be a large jackpot I wonder...

...just what would I do with that much money? A lot of people who have poorer morals have wasted it all away but I dont think I would. My fiancee once gave me 500 dollars to spend to buy a whole new wardrobe for myself...I couldnt spend it. I spent 200 dollars at one store and bought more clothes than I ever could need and felt guilty. When he came home from work I told him I tried but I couldnt spend it and I didnt want his money. Shortly after I was met with a wedding proposal. I guess my point is that my fiancee had given me a test. He wanted to see if I was still the same person with money to blow and it worked. Because I was. I didnt want to blow that money all on myself. I still shopped the bargin racks because thats how you get the most for the least amount.

I think if I won we would put some in accounts towards our future children's education but then just retire. I'd continue to work but I love my job and I only work twice a week. The rest would just be to live on; perhaps investing in real estate; but mostly to just live comfortably.

But thats our story. What would you do if you won that much money?

 

[JacinLarkwell]

I'd buy a plot of land somewhere I could have a bunch of breed pens and probably work on trying to import some if the breeds I'm truly in love with. Try to get then to be something of interest in the state's too

 

[Ninjasquirrel]

I'd buy a plot of land somewhere I could have a bunch of breed pens and probably work on trying to import some if the breeds I'm truly in love with. Try to get then to be something of interest in the state's too

Even then ita 550 million...how much land are you buying?!

 

[JacinLarkwell]

Even then ita 550 million...how much land are you buying?!

I think 20 acres of flat land woukd be enough, mayve 30. But id also need electricity which easily is like 30 grand, and importing birds is very expensive so a lot would go towards those, especially some of the really hard to get ones

 

[JacinLarkwell]

I think 20 acres of flat land woukd be enough, mayve 30. But id also need electricity which easily is like 30 grand, and importing birds is very expensive so a lot would go towards those, especially some of the really hard to get ones

And taxes would have to come out of that. It would be at least 20% less than 550 million, probably closer to 30-40%

 

[Ninjasquirrel]

And taxes would have to come out of that. It would be at least 20% less than 550 million, probably closer to 30-40%

I wouldnt import because of expenses. Id just start new. We've had this discussion because we might move to Texas. Our property tax right now on 5 acres is low but I guess I didnt accomodate for that. More land is better

 

[BlueBaby]

If I won that, I would take the lump sum, which would only be about half of that after taxes. I too would buy a bigger plot of rural land and build more coops and flock's. I'm already getting old, so the house wouldn't have to be extremely fancy, just comfortable.

 

[MarkJr]

I'd have 30-50 acres and a simple life. Extra money would be invested so I could live off the interest. It'd be trusted so my future generations could have income from it perpetually. If my line doesn't continue, it'll fund some charitable interests of mine.

 

[Ninjasquirrel]

If I won that, I would take the lump sum, which would only be about half of that after taxes. I too would buy a bigger plot of rural land and build more coops and flock's. I'm already getting old, so the house wouldn't have to be extremely fancy, just comfortable.

I would definitely like to have enough land to raise dairy and beef cattle. I think I'd definately be willing to spend that. We dont have any pasture land right now so thats impossible for us

 

[JacinLarkwell]

I wouldnt import because of expenses. Id just start new. We've had this discussion because we might move to Texas. Our property tax right now on 5 acres is low but I guess I didnt accomodate for that. More land is better

Kinda hard to just recreate a breed. And even with just 100 million, I could do at least one or two I'm sure for my own flock to start