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How would you spend $20 million a year? (midwest.social)

submitted 1 year ago by MNByChoice@midwest.social to c/asklemmy@lemmy.ml

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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.)

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[–] danhakimi@kbin.social 3 points 1 year ago

First of all, you're right to take the lump sum, definitely take the lump sum.

Then... There are some things I'd definitely want to spend on up front, like housing in particular. In the long run, the money would pay my property taxes, fund my clothing hobby, support parties with my friends, etc. I'd probably get a private chef to cook good, nutritious meals for me regularly. A personal trainer and a private gym in my home. And I'd travel more.

This advice is important:

https://np.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4v05/