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How would you spend $20 million a year?

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.)

KinNectar ,

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.

Cysioland ,
@Cysioland@lemmygrad.ml avatar

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

IHaveTwoCows ,

My wife is recently blind and cannot work. That’s where our health care came from.

EmrysOfTheValley ,

BlakeClass guide to lottery winnings His second comment is what to do that first is the warning.

MNByChoice OP ,

That one is a classic.

ChaoticEntropy ,
@ChaoticEntropy@feddit.uk avatar

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.

bizzle ,
@bizzle@midwest.social avatar

$19,999,950 worth of cocaine

Two $25 sex workers

Luke_Fartnocker ,

Where are you finding $25 sex workers in this economy? If you could supply names and phone numbers, it would help.

bizzle ,
@bizzle@midwest.social avatar

Davenport, Iowa. And the $25 ones are considered high class.

nodsocket ,

OP’s mom

nodsocket ,

$24.95 for OP’s mom, $0.05 for your mom

June , (edited )

Quit my job

Pay off and renovate my house.

Buy a new car, something nice but not over the top.

Set up services for my neighborhood to drag the people round me out of poverty and ensure every kid gets the chance to get a good education.

Ensure all housing in my neighborhood is up to code and in good shape/safe to be lived in.

Pay off the debt of every person in my neighborhood, prioritizing medical and student debt.

Buy the people I love the things they need, set up trusts for their kids, pay off their debt, help them financially without enabling them into their bad habits.

Feels like that should probably reach $20m fairly quickly.

Become a landlord that makes housing actually accessible driving down prices and providing safe places for people in my neighborhood to live.

jaackf ,

Whilst I am very anti landlord, that last point is interesting.

Say, if someone had enough money to buy out thousands of houses and made them cheapest around, undercutting everyone, then sold them to the occupants if they wanted to buy… Would that somehow fix the renting crisis we’re in today?

June ,

I’m also anti-landlord, because of how the system is built. But if someone was independently wealthy and approached it as a philanthropic endeavor it could be different and solve the housing crisis for at least some. I wouldn’t be in it to make money, I’d be in it to give people that need somewhere to live a place that they can afford. And yes, eventually buy if they want to, though not everyone with limited income can afford the up front costs associated with owning (like when an appliance breaks, or there’s another problem with the building) so I understand why some wouldn’t want to. But if I had the means to take a loss on it, and did, it feels very different than the capitalist landlord squeezing tenants to make their salary.

Lilith_the_serpent ,

I’d give most of it away to charity and use the rest to keep my family comfortable for the foreseeable future.

muntedcrocodile ,
@muntedcrocodile@lemmy.world avatar

Sounds like u won i would sugest send 10mill and see what i can manage

Squirrel , (edited )
@Squirrel@thelemmy.club avatar

First, I would find out who I need to pay to find people for jobs I need done. I hate dealing with people. Also, I suck at knowing who to call.

Then, I would get someone to rebuild my house, better, stronger, faster. My house is nice, but it has some major issues. Mold problems I can’t fix. Lousy insulation. Floors that let us hear everything going on between levels. A ridiculously small master bathroom.

More importantly, I would pay for a better education for my kids. I homeschool for various reasons (via videos and on a curriculum), and while their education is solid enough, my daughter could use someone better than myself for subjects where she struggles.

Once everything is set up with a lawyer, I would set aside money for close family members.

Oh, and I would hire a maid and a chef for my house. I like cooking, but I also like not needing to cook. And who enjoys cleaning?

My wife would surely either pay for landscaping for our yard, or she would buy a boatload of plants and do it herself. Probably somewhere in between; we’ve got a rocky yard that no amount of personal labor will make manageable, but I think she enjoys the planting.

SuperSpruce ,

Quit work and take lighter loads in school.

Buy a nice house in Maine right on the water.

Buy a supercar, and all the motorcycles I could ever want.

Go on crazy adventures like an Appalachian trail thru-hike.

All this would be less than 10% of my yearly income. The other 90% would go to charity, helping the homeless and bolstering free and open source software.

MigratingtoLemmy ,

Came here to agree with charity to FOSS

shiveyarbles ,

Tell nobody. Enjoy the security of having options.

IHaveTwoCows ,

Lottery winners have to disclose their identities.

Tutunkommon ,

Buy some congress people and get them to vote for things like public transport, universal Healthcare, etc.

US-centric, obviously

tooclose104 ,
@tooclose104@lemmy.ca avatar

All mine and my family debts paid. Immediate and extended. Friends too. Then a life of leisure followed by paying the debts of the strangers I meet along the way.

StealThisComment ,
  1. Quit my job
  2. Buy a Porsche
  3. Give the rest to Cory Doctorow
MJBrune ,

Why him?

ChaoticEntropy ,
@ChaoticEntropy@feddit.uk avatar

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

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