OK, so after taxes, you get about 1/2 of the total. You take the lump sum. Other than place it somewhere for safe keeping ( like a bank or brokerage house ) what is the very first thing you do with your new found wealth? I take about 350K and set it aside for my twins college tuition. Maybe even 500K. ( One wants to attend Duke, and the other UNC - Chapel Hill ..... not cheap by any means ) That is what I do.... how about you?
Stop working for sure haha! I would pass my time learning music, theatre, sports etc... You can live a lifetime with this kind of money
Put 400k away for my daughter Give some to church Give the rest to making an orphanage/homeless shelter/ and put it into schools arcoss the world...
>payoff college >buy a one million dollar house in a prime real estate area >set aside one million dollars for each of my future children > probably give a million to each of my relatives >put the rest in a bank account >still won't be able to afford an oculus rift Edit: purchase touch arcade and rule the world
While I'm too young to get some tickets, I'm gonna pay my 24 year old friend to split the winnings so we can buy some tickets.
I would do exactly what I'm doing now, making games. I'd hire a bunch of people to work at RareSloth, create bigger and better games, and hire marketing firms.