this post was submitted on 08 Oct 2023
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Pretend the $20 million is guaranteed, and if anything will increase slightly over time.

What problems could be significantly improved for $20 million?

(I am dreaming of winning the $1.55 billion Powerball drawling. Then taking the lumpsum, posting taxes, investing, and spending 4% each and every year. I understand that the actual may be more, or less than the started amount.)

(page 2) 32 comments
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Sounds like u won i would sugest send 10mill and see what i can manage

[โ€“] StealThisComment@lemmy.dbzer0.com 3 points 1 year ago (2 children)
  1. Quit my job
  2. Buy a Porsche
  3. Give the rest to Cory Doctorow
[โ€“] MJBrune@beehaw.org 1 points 1 year ago
[โ€“] ChaoticEntropy@feddit.uk 1 points 1 year ago

Sooo... you're going to be jobless, with an expensive car and none of the actual money.

[โ€“] ChaoticEntropy@feddit.uk 3 points 1 year ago* (last edited 1 year ago)

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.

[โ€“] Cysioland@lemmygrad.ml 1 points 1 year ago

Living the dream. A house, no need to work, time and resources to do hobbies.

[โ€“] KinNectar@lemmy.world 1 points 1 year ago

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.

[โ€“] Ransom@lemmy.one 0 points 1 year ago (1 children)
[โ€“] TheGalacticVoid@lemm.ee 3 points 1 year ago (2 children)

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

[โ€“] MNByChoice@midwest.social 3 points 1 year ago

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.

[โ€“] Ransom@lemmy.one 2 points 1 year ago

The concept of having $20MM in my lifetime, never mind actually spending that much annually, is insane.

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