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Re: Mega Millions is 640 million!!! What would you do with the money??
#29
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Bought 3 tickets, won $2.

NJ lotto: +1
Me: -1

I would have bought a cool house (main and vacation), cool cars, set up my family (parents, siblings, in laws, etc) for life, have a lawyer on permanent retainer.

Honestly, the first $10 million would easily take care of all of that. What to do with the remaining hundred of millions?? There is always more stuff to buy, (private jet, whatever) but I think it would be hard to spend that kind of cash and still feel good about myself.

I don't know...I guess I would start a foundation or donate to a borderless, non-political charity (e.g., doctors w/o borders, UNICEF, etc) that does the most good for the neediest people. This, of course is a matter of personal opinion. Glad to see so many people want to do so much good.

Posted on: 2012/4/2 20:14
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Rats. I didn't win. Again.

Posted on: 2012/4/2 19:47
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Re: Mega Millions is 640 million!!! What would you do with the money??
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for myself i would buy a 3-4 floor brownstone with a garage behind it (one of those alleyways is fine on 4th or 5th) near hamilton park/harsimus cove and have it gutted and the patio yard area landscaped simply with a hammock and a trampoline while keeping some old world charm inside the house (though there would definitely be a ball room for people to jump in!), have my car fixed or upgrade a year or two (no bmw's or any of that bs for me.) and buy a 3-4 bedroom vacation house in a community that mows the lawn and maintains the neighborhood when nobody is home, and has a community pool and bbq area outside of tampa so that friends/family could visit and have a place to stay when they want to drive over to disney or check out the west coast beaches. maybe i'd give some relatives/friends a helping hand, of course after having a lawyer and financial professionals help me manage the money and keep myself protected from theft and scams.

to give back to others i would open some more cancer treatment centers, specifically for cancers in reproductive organs, and open up an audiology specific hospital that provides charity care for cochlear implants and hearing aids to those less fortunate. i'd also build jersey city a new animal shelter that could support the needs of our city, such as indoor/outdoor runs for dogs and an actual adoption center with cozy areas for people to meet potential pets in the winter months and large runs and a low stress sanctuary facility within the grounds for older surrenders and unsocialized animalswho aren't easily placed.

someday! maybe during one of the future mega millions. one can only dream.

Posted on: 2012/3/31 8:02
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Quote:

JerseyCityNj wrote:
Quote:

Vigilante wrote:
Quote:

daisyduke wrote:
I would tell nobody. We'd invest wisely, let the kids grow up normally, take nice vacations, buy a home, etc. and then enjoy all of the wealth once they have moved out (sharing it of course, but not letting it ruin their childhoods!)


Unfortunately they require winners to do a press conference.

I read somewhere by setting up a trust or limited liability company to receive the winnings you can have a lawyer claim it on your behalf and avoid being in the media.

Yes LLC is the way to go. Having an LLC Inc. on the property tax records assures not getting a violation ticket so I'm sure it will suffice here as well.

Posted on: 2012/3/31 7:34
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Quote:

Vigilante wrote:
Quote:

daisyduke wrote:
I would tell nobody. We'd invest wisely, let the kids grow up normally, take nice vacations, buy a home, etc. and then enjoy all of the wealth once they have moved out (sharing it of course, but not letting it ruin their childhoods!)


Unfortunately they require winners to do a press conference.

I read somewhere by setting up a trust or limited liability company to receive the winnings you can have a lawyer claim it on your behalf and avoid being in the media.

Posted on: 2012/3/31 1:16
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Crap, just read up on that! Some states do not require the press conference I guess NJ does. My kids are still too young to know about press conferences, etc. so at least they would be clueless until they figured out how to google their parents' names then :)

Posted on: 2012/3/31 1:00
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Annuities for what's left of my family so they could live comfortably for life. Ditto the friends who have been friends through it all. I would buy myself the house of my dreams - one in JC, New Mexico, Newfoundland. I would travel, I would donate to charity & volunteer more to help those who don't have a voice.

Posted on: 2012/3/31 0:50
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Quote:

daisyduke wrote:
I would tell nobody. We'd invest wisely, let the kids grow up normally, take nice vacations, buy a home, etc. and then enjoy all of the wealth once they have moved out (sharing it of course, but not letting it ruin their childhoods!)


Unfortunately they require winners to do a press conference.

Posted on: 2012/3/31 0:46
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I would tell nobody. We'd invest wisely, let the kids grow up normally, take nice vacations, buy a home, etc. and then enjoy all of the wealth once they have moved out (sharing it of course, but not letting it ruin their childhoods!)

Posted on: 2012/3/31 0:36
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Re: Mega Millions is 640 million!!! What would you do with the money??
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How many of your will share the money with most of your relatives and friends so everyone you know become millionaire?

If you do, will you feel unfair to yourself of giving out money to these people for no reason? If you don't, will those people feel bad towards you for not sharing?

Posted on: 2012/3/30 22:39
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I would want to move out of JC but stay in Jersey but I'm sure my husband would want to leave the NY Metro area.

I'd set my 92 yo grandmother up with the best care possible, pay off my parent's and IL's mortgage, set up college funds for all of my nieces and nephews and help my sister with a new house. I'd also set up both sets of parents with long term care when they get older.

I'd buy a house in NJ somewhere, not sure if we'd move to the shore, maybe buy or rent a small 2 bedroom in the city so we can go there when we want to. My husband would want a boat, and probably a ski house too and invite our friends over for free vacations in the winter and summer.

Posted on: 2012/3/30 22:28
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I'd tear down the abandoned repair shop on my block and build a movie theater. I'd buy the embankment and turn it into a nature preserve. I'd eat steak frites from Madame Claude every day. I'd get Melvin an apartment. I'd take over the city and run it as a dictator.

Posted on: 2012/3/30 21:57
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I might be tempted to get something like this: http://dashewoffshore.com/do_beowulf.asp

Posted on: 2012/3/30 20:23
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Laguna Beach? Ugh! Have you ever been there? i have never met a more self-absorbed vapid community as I have when i was there... worse than LA people!

Posted on: 2012/3/30 20:11
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I would start a website called JerseyCityJist (jcjist.com!), pay everyone a thousand dollars a year each to post there instead, and selectively ban the cretins.

Posted on: 2012/3/30 19:55
"Someday a book will be written on how this city can be broke in the midst of all this development." ---Brewster

Oh, wait, there is one: The Jersey Sting.
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I would build a world class indoor/outdoor soccer training facility so everyone could learn to play the best sport in the world!

Posted on: 2012/3/30 19:48
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Quote:

bill wrote:
wouldn't most people move?


Seriously, I always thought I would buy a gorgeous apartment or townhouse on Central Park West or Fifth Avenue. I mean, it's somewhat obvious to do that. But, then, I considered having my son leave his classmates, friends, and neighbors that he adores in JC and I'm not sure I could do it. I know he would make new NYC friends but they would not be as cool.

Posted on: 2012/3/30 19:47
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Re: Mega Millions is 640 million!!! What would you do with the money??
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njz198 wrote:
I would for sure buy out Delenios so they stop serving terrible pizza and replace it with another Carmines.

Additionally, I would pay the people in Hamilton Park to wear a collar and leash for a day so their dogs can walk them in the area that says "no dogs allowed". There is a double benefit here...It would serve as a day of humor as well as a learning lesson for the owners. When they get back home and have dog crap all over they will have consideration for others.


I'd use the money to bulldoze the bb courts and put an electric fence around the gardens to keep the "cute" toddlers out who tear out all the flowers while their parents watch. I'd also put dumpsters around the playground because it seems the garbage cans aren't big enough for people to notice.

Posted on: 2012/3/30 19:02
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I can't believe it, but I actually bought tickets for 5 bucks.

I figured the hoopla and this thread alone is worth five bucks.

I'd buy a bitchin house on the ocean in Laguna Beach, a 50-ft fishing boat, and plan to donate the rest to charity.

Posted on: 2012/3/30 18:58
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Re: Mega Millions is 640 million!!! What would you do with the money??
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I would for sure buy out Delenios so they stop serving terrible pizza and replace it with another Carmines.

Additionally, I would pay the people in Hamilton Park to wear a collar and leash for a day so their dogs can walk them in the area that says "no dogs allowed". There is a double benefit here...It would serve as a day of humor as well as a learning lesson for the owners. When they get back home and have dog crap all over they will have consideration for others.

Posted on: 2012/3/30 18:49
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Re: Mega Millions is 640 million!!! What would you do with the money??
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and with that lottery money, you can buy ALL of them!!!

Quote:

CapnJon wrote:
i wouldn't leave town, but i'd definately upgrade - there's a few awesome brownstones we love, and a few amazing victorians i'd love too!

Posted on: 2012/3/30 18:33
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Re: Mega Millions is 640 million!!! What would you do with the money??
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i wouldn't leave town, but i'd definately upgrade - there's a few awesome brownstones we love, and a few amazing victorians i'd love too!

Posted on: 2012/3/30 18:21
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Re: Mega Millions is 640 million!!! What would you do with the money??
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wouldn't most people move?

Posted on: 2012/3/30 18:13
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Pay for the installation of stop signs in jersey city that would automatically ticket drivers for running them (including not stopping at the white line). Would change the culture FAST.

Oh, and this belongs in NOT Jersey City.

Posted on: 2012/3/30 17:07
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Re: Mega Millions is 640 million!!! What would you do with the money??
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i'd throw a giant pizza party for y'all

Posted on: 2012/3/30 17:03
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Go traveling for the rest of my life!!! perhaps even that space flight

Posted on: 2012/3/30 17:01
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Re: Mega Millions is 640 million!!! What would you do with the money??
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How much would you need to buy Jersey City and take the entire city private?

Posted on: 2012/3/30 16:53
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Re: Mega Millions is 640 million!!! What would you do with the money??
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Lump sum. Put it in high grade munis and corporates, as well as blue chip dividend payers. Live off the income.

Posted on: 2012/3/30 16:50
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Mega Millions is 640 million!!! What would you do with the money??
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Mega Millions is currently 640 million, the largest jackpot in history. If you won what would you do with the money? Would you take the lump sum or 26 yearly payments? After taxes the lump sum would be $296,604,000 if you take 26 yearly payments it is $15,803,077, in total it comes out to $410,880,002 after taxes.

Posted on: 2012/3/30 16:46
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