If you came into "stupid money"

[Dixie]

Originally Posted by NYNick

I
"I have all the money I need."
Need, not want. Stopped me in my tracks.

JOE HELLER

True story, Word of Honor:
Joseph Heller, an important and funny writer
now dead,
and I were at a party given by a billionaire
on Shelter Island.

I said, “Joe, how does it make you feel
to know that our host only yesterday
may have made more money
than your novel ‘Catch-22’
has earned in its entire history?”
And Joe said, “I’ve got something he can never have.”
And I said, “What on earth could that be, Joe?”
And Joe said, “The knowledge that I’ve got enough.”
Not bad! Rest in peace!

- Kurt Vonnegut

[jyl]

I have some friends I'd give money to.

[Otter74]

Number one rule of coming into stupid money is do nothing for like a year.

but in general, for me as with a couple of other comments - put it in some investment account and send the interest to my checking account, send some other amount to another account to pay taxes every year.

[Racerbvd]

Well, I'd finally finish up my projects, then get replicas of all my favorite TV and Movie cars. But only after I set up funding for No Kill shelters that could operate off the interest of the gift.
Then it would be on to real-estate.

[masraum]

I suppose it would depend upon how "stupid" the money was. Lets say it's one of those BILLION dollar power balls that come up from time to time.

from ~ a year ago
https://www.nbcdfw.com/news/local/texas-news/powerball-jackpot-hits-1-billion-what-would-you-take-home-in-texas-after-taxes/3299284/

f a sole player picks all five numbers plus the Powerball number drawn, they have the option of taking the $1 billion prize in yearly increments or a $516.8 million one-time lump sum payment.

A sole winner in Texas who took the cash option would take home $392,768,000 after paying $124,032,000 in federal taxes -- or 24%. There is no additional state tax on lottery winnings in Texas.

If the player took the annuity, they would receive 30 payments over 29 years with the disbursement increasing at a rate of 5% per year. With a $1 billion prize, the first payment would be about $15 million, of which about $5.5 would go toward taxes. Because Powerball annuity payments increase every year, the final payment would be about $62 million with about $23 million owed in taxes.

Over the term, the player who took the annuity would receive about $632 million after taxes -- or about $239 million more than the player who took the cash option.

My thought has always been "take the lump sum". I guess the theory is that you get less, but if you are able to take a bunch of it and get it to a GOOD investment person that is actually looking out for your interest, then that's still the way to go.

I'd probably invest the bulk of my $392 million. I'd retire. Pay off all debts probably for myself and the kids. My mom and grandmother would be set and as comfy as possible. I may even gift some to a little of the extended family. I've got several hard working cousins that I would be happy to help out.

The missus and I would probably get another house. We'd probably get a couple of different cars.

Then I suspect we'd do A LOT of travelling. And yes, it'd be first class.

[masraum]

Originally Posted by jyl

I have some friends I'd give money to.

God bless you... Buddy! I love you too!

[flatbutt]

Split it three ways among myself, FB II and FB-ette. Give some to St Judes and the Wounded Warrior then work overtime spending the rest on travel, great food and beautiful gold diggers.

[cockerpunk]

Originally Posted by cockerpunk

i think pumping money into the non-profit world is probably a bad play actually. non-profits are pretty fundamentally broken. the only exception might be a UBI based non-profit model. and doing it anonymously as to avoid the toxicity that is donor management.

id rather help people on a more personal level, solve people's problems directly. i know many people who struggle on a day to day basis with car repairs, rent, etc. when you take that stress away from people, they flourish.

thought about this a little bit more:

id buy up medical debt and forgive it.

ive considered doing this already as its incredibly cheap and incredibly helpful to people. maybe after the next promotion.

i also wouldnt retire, but i would reduce to 75% or 50% time. what is life without work?

[monoflo]

Fun Angelmans research and endow my niece's living facility.

Wounded Warriors gift.
House in mountains
One in some place warm.

Who knows what else/!

[rcooled]

Originally Posted by NYNick

"I have all the money I need."

I probably won't outlive the bit of $$ I already have, but depending on just how 'stupid' this windfall is,

I'd probably look into getting myself one of these ↓

Along with several of these in choice spots around the world ↓

And one of these to get around in ↓

Originally Posted by fastfredracing

...somehow, give back

I'd also fully fund organizations like the National Disaster Search Dog Foundation.

They're out there right now looking for survivors in the aftermath of hurricane Helene. If you were ever to find yourself in such a hopeless mess, know that these dogs will not give up 'till they find you. Simply amazing animals...

[Seahawk]

Originally Posted by PorscheGAL

For myself: I'd make memories.

I think I would start a couple college scholarships.

I'm pretty simple at this point in my life.

I snipped some of your post but so nicely done...what I bolded above is substance personified.

I don't need a thing, others do...great idea, PG.

[varmint]

Fund some sort of puppy rescue
Buy a congressman
My own personal darpa initiative for interesting inventions I want
Collect vintage airplanes
The red head from mythbusters

[sc_rufctr]

Originally Posted by cockerpunk

i would be less stressed and i would try and make as many of my friends/family less stressed as well.

id produce more art. i put on more shows.

id go to clown college.

Assuming your serious... This alone is very difficult. It's actually easier to get into Med School.

[kevin993]

After seeing how much good is being done with private helicopters in North Carolina at the moment, a few of those have climbed up my "stupid money" priority list. (Presumes resources to fly and maintain and pilot skill.)

[greglepore]

Originally Posted by kevin993

After seeing how much good is being done with private helicopters in North Carolina at the moment, a few of those have climbed up my "stupid money" priority list. (Presumes resources to fly and maintain and pilot skill.)

Yeah, its impressive what NASCAR nation and Cletus and others have been able to do in challenging conditions. Chapeau.

[varmint]

Become Batman or iron man

[Alan A]

If we are talking fantasy play $…

Finance one more episode of the grand tour and make them race beetles around the Nurburgring as part of it.
Just because.
But mostly so they don’t end on that maudlin note.

[pwd72s]

[berettafan]

Full track day setup. Car and enclosed trailer. And the time to use it!

Big family travel would be great. Take my entire family to see the best of Europe. That's a gift that gives forever.

Very nice non-mcmansion home.

Ask RFK Jr what he needs to accomplish some of his health related national goals.

House of some sort in Montreal.

Acreage for bird hunting where my dogs could live the best dogs life ever. Creeks to play in, mud to roll in, animals to say hi to. Just total dog heaven on earth.

Lots of quail hunting. A good amount of pheasant hunting. A fair amount of duck hunting. Flyfish the best trout streams I can find. Also lots of flats fishing in warm places.

Dinner with Giorgia Meloni.

Multiple custom Perazzi orders. Maybe buy the company back from the Czech co that bout a controlling interest. Lots of time with the best clays coaches in the world.

A man jumped off the Rt 90 bridge a couple years back to save a baby that had gone over the side in a car accident (ejected maybe?). Literally jumped off the bridge into the Assawoman Bay and saved the baby's life. I'd find him and make him rich.

[berettafan]

oh and a 997 gt3rs in green.