Bye Week OT - If You Won the Lottery, You Would....

Submitted by xtramelanin on

Mates,

With no game on our horizon this week, I am daring to ask an OT question slightly out of season.   For years my father-in-law and I have made a bet here and there on Michigan games.  He'd take ohio or MSU in a big game, and the deal was that the loser of the bet had to buy a $5 lotto ticket and if we ever hit it, we'd split the pot (yes, I have just about run out of $5 bills at this point...).  I note that the Powerball lottery is just north of $100 Million right now. 

My question to the board is this:  If you won some gargantuan lottery with a 9-figure pay-off, what would you do with the money?   Buy stuff?  Go places?  Share with friends/family?  Make a huuuuge donation to 'Beveled Guilt'?   Retire?  

Where would you be 5 or 10 yrs after the big win? 

XM

 

bluewings

October 12th, 2016 at 6:55 AM ^

Move back to the Midwest. Buy a house on a lake and enjoy the summers. Winters I would travel someplace warm occasionally spending a weekend in the U.P. snowmobiling. Watch a lot of live sporting events. Go hunting and fishing. Party in Vegas! Party when not in Vegas! Spend time with friends and family of course pick up the tab.



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julesh

October 12th, 2016 at 6:55 AM ^

I wouldn't tell anyone. I would pay off my debt and give family gifts once, then put it all in trusts, one for me to keep the rest of it from being blown, and then for my little sisters and nieces and nephews, which pay out when college is completed or at like 25.

I would probably quit my job eventually, but not right away. And I'd find something else to do. Maybe start my own business or something. 

SagNasty

October 12th, 2016 at 6:57 AM ^

Get a suite at Michigan stadium. Buy a house in or near Ann Arbor, buy a house in the UP, buy a house in a warm location. Travel. Buy season tickets to Michigan basketball. The rest is up to my wife and daughter.



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Eye of the Tiger

October 12th, 2016 at 7:13 AM ^

Start my own charitable foundation and also give to worthy charities. Travel in style. Buy a sh** ton of music gear so I can have my own professional-level studio. Do something nice for my parents and in-laws. Endow a professorial chair and scholarship at Michigan. Influence world events.



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LSAClassOf2000

October 12th, 2016 at 7:16 AM ^

I would probably throw some of it my kids' college fund, pay off students loans for both myself and my wife, buy my house outright, renovate it a little more, then invest or save most of the rest after being goaded into buying a black 1967 Chevrolet Impala because my wife's fandom over "Supernatural" is that obsessive and she keeps talking about it. I would be content with my dad's red 1968 Firebird, but no.....

MadMatt

October 12th, 2016 at 7:25 AM ^

1) Give each immediate relative $10,000, and tell them that is all the free money they are getting.

2) Hire someone to respond to requests for gifts, loans and "business opportunities."  (Not sayin' the answer is always no.  Just sayin' I want an agent to do the due diligence.)

Guy Fawkes

October 12th, 2016 at 7:29 AM ^

I'd instantly retire, move south in the winter and work on a golf course mowing greens. Then play 18 afterwards. Also would buy a house on Lake Michigan for the summers and well, play more golf. Going to all the away games would be really fun too

Toasted Yosties

October 12th, 2016 at 7:33 AM ^

1. Pay for college for my sister's and cousin's kids 2. Retire parents. 3. Create glassblowing studio, perhaps a glassblowing academy for kids. 4. Contribute to charity. 5. Create my own rum distillery. 6. Buy season tickets for all Michigan athletics and Detroit sports. 7. Take a class or two every semester just for fun. 8. Travel the world and go on cruises. 9. Donate to MGoBlog to take to the site up a level or two. That's what pops in my head as of this moment.

Toasted Yosties

October 12th, 2016 at 8:04 AM ^

With college debts and children on the horizon, my rum distillery is probably a ways off. Regarding the games, every tigers day game and Friday night games are going to be used, every Michigan football ticket used. Probably about half Michigan basketball tickets will be used. I'd go to as many Red Wing games as I could get to. The Pistons tickets, those I'd be giving away except for a few key games. The classes would be passed. It'd be like one or two a year, probably a creative writing course or a history course, something not career-driven.

I Love Lamp

October 12th, 2016 at 7:35 AM ^

If it was a huge takehome (9 figures), I'd definitely set an enormous amount (80%) away for me, which includes kids college fund. I'd use the other 20% for immediate family and give some select friends some of the pie, but mostly family. I'd contact Brian and cover 5 years of operation for the site to remain free for us to come together to celebrate or bitch about the stuff we celebrate and bitch about. I'd also find some reputable charities

lunchboxthegoat

October 12th, 2016 at 7:43 AM ^

mom/dad/sibs/sibs in law back to 0. meaning no debt, house paid off, decent car paid off, etc. invest all but a couple mil of whats left in low risk projects, finish my masters, travel a lot.

BlueinLansing

October 12th, 2016 at 7:50 AM ^

England, Canada, Alaska, most of Europe

 

As a sports junkie I'd visit all the baseball parks with extended weekends.  I'd take a year and in the Fall I'd travel around to college football games of my choice and complete my bucket list of basketball arenas in the Winter.

 

For Michigan football I'd rent a place in Ann Arbor and chill there during game weeks and go on road trips.  No more game day driving for me.

Wolverine Devotee

October 12th, 2016 at 8:04 AM ^

That scene from Fresh Prince where Geoffrey quits. I'd do that at my job.

I feel like I answer this question a lot but that's because I think about it all the time. 




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Winchester Wolverine

October 12th, 2016 at 8:02 AM ^

Buy my mom and dad a new home in Montana since they always say if they hit the lottery that's where they're going. Give each of my 6 siblings 1 million. Buy my girlfriend and I 2 new, reliable vehicles that are capable of carrying 2 children. Buy a home in Ann Arbor. Finish my college studies at UM, attend every game for the rest of my life. Buy a summer home in California and fish ALL THE TIME. Run a buisness of some kind. Invest, be an activist, and sit on a few million for my kids to have good lives as well

jethro34

October 12th, 2016 at 8:07 AM ^

Pay off all debt, buy a new car (modest, under $35k), travel more but generally maintain similar standard of living and use the interest to supplement my current income.

Perkis-Size Me

October 12th, 2016 at 8:19 AM ^

Depends on how much the lottery was for, but I'll play along: 

Whatever I won, at least half of it is going to retirement. After that, taking the fiancee and traveling for at least 1-2 months across Europe and Australia. Another chunk is going back to my parents for all the OOS tuition they paid for me to go to Michigan. 

Leave my current job, and start doing what I really want to do: always wanted to run my own dog shelter. While the prospect of making very little money doing it has scared me off from it (supporting a family on 35-40k a year is a tough pill to swallow), it's what I want to do in the event that I ever get to a point in my life where money does not matter.

That's the job I would love putting in 14 hour days for every day for the next 40 years of my life. 

Crash

October 12th, 2016 at 8:30 AM ^

Got this from a co-worker:

1 - Buy a house in one of those yuppie sub-divisions with all kinds of stupid rules.

2 - Break every rule I possibly could (e.g. park an old beat up farm tractor on the street, never cut my lawn, put up a non-approved mailbox, etc)

3 - Hire a lawyer to drag all of the disputes out FOREVER in court just to piss off the assholes in the sub-division that actually complained.

4 - Move to another yuppie sub-division, repeat.

dragonchild

October 12th, 2016 at 10:15 AM ^

Court lawyers could conceivably burn through $100 million.

I was thinking of buying the bad areas around Detroit.  Pay for everyone to leave (and not in a douchey way, just give them offers they'd be stupid to not take), buy up the City Council, un-zone it, fence it off and patrol it, then. . . grow forest.  And just let it grow, until Google Maps shows a lush forest where there once was blight.  And then I'd hire a HoF-caliber legal team to lock the whole thing up in an ironclad trust such that no crooked developer could ever hope to make money by turning it back into a suburb no matter who they bribe.

And then bring in the wolverines.  The real ones.  Back into Michigan.

Thing is, this probably couldn't be done with a mere $100 million.  Buying land, paying off the muni, security, and hiring hippies to plant trees could all be done for cheap (by super-rich standards anyway), but there'd be a few people who'd catch on midway and try to derail it like I'm trying to shoot the moon in Hearts, so this is billion-dollar project territory just from the enemies I'd make.  Like I said, courts are expensive.

Njia

October 12th, 2016 at 2:12 PM ^

In the 1950s and 60s, Walt Disney wanted to buy up a LOT of land in Central Florida to create Walt Disney World. He didn't want to let land speculators in on the plan and drive up real estate prices, which had happened in Anaheim.

So, he created something called the "Reedy Creek Development Corporation," whose ownership interests were hidden from public view. It was actually the legal entity that started buying up land on the cheap. By the time the company's ownership became public, Disney had purchased enough land to cover the entire island of Manhattan and then some.

The rest, as they say, is history.

MaizeAndBlueWahoo

October 12th, 2016 at 8:37 PM ^

That kind of thing doesn't much work anymore.  Any time one single entity starts buying up huge contiguous tracts of land, people get wind of it.  In the effort to buy enough land to build Ilitchania north of I-75 (i.e., the new hockey arena and associated development) the Ilitches set up an incredibly complex network of different legal entities, spent many years slowly acquiring the land, and they still got sniffed out and had all sorts of trouble with holdouts and preservationists.  Really, it's no longer possible to hide massive land-buying operations like Disney managed to do.  Too many media sniffers and watchdogs.