BlakeClass guide to lottery winnings His second comment is what to do that first is the warning.
this post was submitted on 08 Oct 2023
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That one is a classic.
- Quit my job
- Buy a Porsche
- Give the rest to Cory Doctorow
Sooo... you're going to be jobless, with an expensive car and none of the actual money.
Why him?
Tell no one. Start some form of charitable institution anonymously to divert the majority to. Try not to become an idle leech or get murdered.
Throw as much money as possible into the best institutes for cancer research in the world, until cancer is cured.
Then, for myself, commission the best architects and contractors to have an absolutely exact replica of the Spencer Mansion built for me.
Living the dream. A house, no need to work, time and resources to do hobbies.
Finance low rent co-op housing, this actually has a very low risk profile because the tenants have a direct stake in the building payment and being below market rent they will stay at 100% occupancy, all while having a strong social impact by giving families stable places to live at lower rates. Depending on renters eights laws, some.places you could give preference in applications to teachers, social workers, firepeople, and other public employees. You can make a decent interest rate still and build out a big portfolio over time to keep rolling more and more into the investment. This would make a big difference in pushing market rental rate down in towns and small cities over time, like it has in cities like Vienna, Austria.
Jesus Christ.
Don't understand why you're getting downvoted when this was literally the first thought I had when reading the post title. I'd genuinely be stressed if I randomly got that kind of money
The huge jackpot is one reason not to play. People get crazy for $1,000. A billion is "goodbye whatever life you had" money, regardless of you want to or not.
The concept of having $20MM in my lifetime, never mind actually spending that much annually, is insane.