Thread: the Lottery
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Old 03-12-2007, 01:02 PM   #28 (permalink)
soccerchamp76
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Location: St. Louis/Cincinnati
Assuming a $80 million net payout (approximately what the Georgia trucker received minus fees/taxes/etc.), I would distribute my money roughly in the following manner:
$1 million to my grade school
$1 million to my middle/high school
$1 million to my current university
$1 million in an inappropriate spending spree (throw a huge party, new car, computer, entertainment system, etc. for my house at school)
$5 million to pay off sisters grad school, parents debt, then the rest to give to them (new house/car, etc.)
$5 million in my checking account
$20 in 5-year bonds/CDs
$25 million in 10-year bonds/CDs
$20 million in 20-year bonds/CDs

I would still go to school and graduate, possibly get my PhD (in chemistry), and become a professor. The long-term bonds will give my some security in the future/prevent me from spending too much. Each of my schools would receive money, and I would have a million dollars to just blow through. Sounds feasible.
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