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What Do You Do With Large Amounts Of Money? (lemm.ee)

submitted 1 year ago by Rocky60@lemm.ee to c/asklemmy@lemmy.ml

151 comments fedilink hide all child comments

Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?

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[–] Zippythezigzag@lemmy.ml 25 points 1 year ago* (last edited 1 year ago) (1 children)

Go to a big city and get a lawyer, finacial advisor, and accountant that have expeirience dealing with that kind of money. Make sure all three are okay with working together. Take their advise. Enjoy life and (for me) do fun things that bring a smile to the not-so-lucky. If i won big money id buy a nice food truck and go around factories around lunch time offering really good food for free. Or go to walmart looking for people with kids and tell them ill buy anything they can fit into 1 cart. Id also hire a professional chef (and team) to cook a great meal for the local homeless shelter. Things like that are good for your soul and will give you a far better feeling than blowing it on toys.

Edit: id do stuff like that as much as my financial team would let me.

[–] ilikekeyboards@lemmy.world 9 points 1 year ago (1 children)

It's incredible how inexpensive are the things that matter

[–] Zippythezigzag@lemmy.ml 4 points 1 year ago (1 children)

Hell yea. And if i were to win one of those billion dollar lotteries i would have the money to at least help fight climate change in a meaningful way. Pay volunteers, fund scientific research and projects, ect..

[–] procrastinator@lemmy.world 3 points 1 year ago

with a billion dollars you could probably get much further buying politicians/news outlets unfortunately