I did this the last time the MegaMillions lottery got up over $200M, so I’ll do it again, with the adjusted numbers (since this time it’s $280M instead of $222M – a take home of $116M instead of $98M).
What would you do with that much cash?
Here’s my updated list from last time :
$11,650,000 split between my church and my parents church
$11,650,000 split between various charities (complete with that wacky donation request to my college that I mentioned last time)
$2,000,000 for my sister
$2,000,000 for my folks
$2,000,000 college fund for Denis’ sister’s kids
$2,000,000 for Denis’ sister and her husband
$2,000,000 for Denis’ mom and brother for their generosity over the years
$16,000,000 divided into two trust funds – one for CootieGirl, and one for CootieBoy. Available to them on their 25th birthday.
$3,000,000 divided into $10,000 gifts for various family and friends.
That leaves $57,850,000 left for other more frivolous things. Church, family and friends come first, THEN the shallow material things.
That $1,750,000 house in Montclair that I just posted about a minute ago.
$6,500,000 for a permanent luxury apartment in NYC – yes, they can cost that much. The understanding would be that this apartment would be available for use by all friends and family who wished to come visit NYC at any time, whether we were in town or not.
$1,500,000 for a house in the south – yes, it’s that much cheaper to live in the south. This house would be infinitely larger than the NYC apartment, but you know what it’s all about – location, location, location. The house in the south would enough acreage that I could have lots and lots of animals – horses, dogs, cats, chickens, pigs – you name it, I want it.
Here’s where we get to be a bit “nutty” spending money on wild things, like:
a cool $2,000,000 for a house in Hawaii – again for all friends and family that wanted a place to stay for free when visiting paradise on earth.
a house in Scotland with acreage, Arran cliff views, and gardens – I found one online for less than $2,000,000 which I feel is quite reasonable! Sure, it’s Scotland, but the outside of the house is so delightfully Austenesque (and it’s still available from last time!).
a jet to fly my family and friends around to various locales (NYC, Scotland, the South) for visits and vacations. It would also be fun to say to the youth group at church, “Hey, wanna go to Scotland for the weekend?” and just hop in the plane and GO. All passports must always be current and at arm’s length!
Even with all those worthy AND frivolous things that we spend money on, we’d still end up with about $40M+ left in the bank for regular expenses, investments and further gift-giving as needed.
It’s still fun to dream, isn’t it?