this post was submitted on 19 Jul 2023
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The Powerball lottery is up to $1 billion tonight. If you won it, what would you do?

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[–] bluGill@kbin.social 2 points 1 year ago

Hire and accountant. Taxes are too complex and most lottery winners are bankrupt in 10-20 years as they fail to budget correctly.

I'd probably pay off my house, upgrade the furnace to a heat pump (something i'm doing with the next bonus anyway) turn the rest over to charities. Though with that much money finding charities that can even accept that much money is hard.

[–] Poggervania@kbin.social 2 points 1 year ago

Pay off all debts and mortgages for myself and my immediate family, then put away whatever’s away into separate HYSAs for a few months to let the initial rush go away.

[–] rev@ihax0r.com 2 points 1 year ago

I already live where I want to live. I would probably buy up all the open land in my county. Get my friends to move out and live on one of my properties. Fix up this 120 year old farm house. Install a pond and more water features to hold onto rain water. Probably run some electric fencing get solar power go off grid. Pretend to be a cattle rancher. Try to turn this homestead into my very own paradise. But i’ll probably employ a-lot of people create some jobs do more charity work.

I would use the entire $1 billion to buy company stocks and use them to try stop their bad behaviors/investments, like stopping Big Petrol from polluting more, Google from spying on their users, etc.

Have you ever seen office space? Peter's answer or his neighbor's answer. Probably both.

Safe investments to make sure it lasts and then I want to start a charity to help people get access to mental health care, help feed the homeless, and do other stuff for my community.

Also pay off debt and finish college

[–] Christopher@lemm.ee 2 points 1 year ago

Hire an accountant.

[–] Rocky60@lemm.ee 2 points 1 year ago

Buy a private island, get drunk and give a large portion away to random people

[–] Nemo@midwest.social 2 points 1 year ago (1 children)

I mean, I have won the lottery, multiple times...

But if I won the Powerball Jackpot? Honestly, I probably would hire a financial planner but not change my day-to-day. I like my life and already have plenty of money.

Obviously I'd have to tuck a bunch into my kids' 529s because they would now be completely ineligible for financial aid.

[–] dan@upvote.au 2 points 1 year ago

Obviously I'd have to tuck a bunch into my kids' 529s because they would now be completely ineligible for financial aid.

With the cost of university in the USA, it'd probably be cheaper to pay for them to go to university in another country.

[–] cityboundforest 2 points 1 year ago

Pay off mine friends and my student loans, pay for moving costs to a European country for me and my friends, pay for US citizenship denouncing for me and my friends, set aside an amount of money for myself and my friends for savings to live comfortably, pay for first month's rent for me and my friends, pay for food for a month for me and my friends, and then if there happens to be anything left, donate it to charities.

[–] Thorny_Thicket@sopuli.xyz 2 points 1 year ago

With a billion I could probably buy a huge island just for myself but in all honesty I just need a million so I can retire. It's more than enough.

[–] AceFuzzLord@lemm.ee 1 points 1 year ago

First thing I would definitely wanna do is buy a nice house under my name (since I am still young) and move my parents and my older brother in with us so that we never have to worry about renting a home or apartment again. Obviously I'd have to do a shit ton of research into whether or not it's an HOA controlled area, because if it is, I ain't living there period.

Then I'd have to make sure we have it set up the way we want (without spending too much on furniture, decor, etcetera) so we could live comfortably enough.

After all that is done, I'd probably pay my way through college while also, knowing me, buying things I actually don't need (like art commissions and a fursuit for my fursona).

Although, I'd probably give a good chunk of the money to my parents so they can get rid of any debt they have (and some to my brother for the same reason).

Also, back on the house buying thing, there is a good chance I might just look for one directly next to an HOA operated area that they don't have any jurisdiction or control over in any way whatsoever just so that my house could be breaking all of their rules with nothing the shitty HOA could do without going to court and losing since they don't have rights over the house or land.

[–] PeWu@lemmy.ml 1 points 1 year ago

I would need to do anything to stop getting it to my head, give all or at least 90% of it to my mom, and lead a stable life. It sound idealistic even for me, yeah, but I would want to be like that

[–] miikaroo@lemmy.ml 1 points 1 year ago

Pay debts and medical treatment for self/family/friends, pursue hobbies, volunteer, donate, travel... Find a place to live and settle down.

[–] keeb420@kbin.social 1 points 1 year ago (1 children)

first thing I'd do is buy my mom a house and py off all our debt. It'd be nice to have some time alone as an adult without having to leave her homeless or whatever. Next I'd find a restoration shop for my truck, buy the shop and make them fix my truck. Why buy the shop? Why not I've always wanted to be an automotive restorer and now I've got whatever is left after taxes and fees. Then I'd probably have my own house built the way I want it. After that idk. I'd have more money then I'd ever know what to do with, have my own shop with the latest and greatest gear and the best mechanics around. I'd hav le my own house and my mom would be taken care of. I'd probably buy my best friend and her parents a house, afaik she still lives at home and her parents rent.so that'd be doing them a big favor.

[–] dandroid@dandroid.app 1 points 1 year ago

First thing I would do is buy a house back near where all my friends and family live. I had to move 2000 miles away from everyone I know because it was too expensive to live there.

[–] stagen@feddit.dk 1 points 1 year ago

Start handing out money left and right to those in need, anonymously, of course. Humanitarian organizations, environmental organizations, you name it.

[–] MisterMoo@kbin.social 1 points 1 year ago

Find a reputable institutional advisor who specializes in this sort of thing. Pay off debts. Quit my job. Eventually begin planning some charitable gifts, perhaps even a foundation or something. Make life meaningful that way.

[–] smstnitc@lemmy2.addictmud.org 1 points 1 year ago (1 children)

Keep my job, but not stress about being laid off ever again. I like my job right now. Pay off my house. And go on a couple really nice vacations a year.

[–] dan@upvote.au 1 points 1 year ago

Same. I honestly don't think I'd change my lifestyle much, other than not worrying about money. I could pay off my house and buy my mum a house, which would be nice. She's been renting for most of her life.

A lot of people say they'd quit their job, but I find my job interesting and I'd get bored without a regular thing to do every day that challenges me at least a bit.

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