Thought this would be a nice way to close the year off, considering all the problems the world is facing.... IF, you were fortunate enough to win the lotto (2 million) what would you spend it on? It can't be property, or shares. For me, a bigger boat, so that along with friends I could spend more time at sea doing what I enjoy. FOR YOU?
I would be highly surprised and delighted as I don't buy lotto tickets. Nevertheless to answer the hypothetical question it would be to indulge in some commissioned artworks which hopefully others will appreciate after I shuffle off.
No property and shares... but business is OK right? I'd invest it into leasing an office and hiring some great people so I have time to do more things, throw some money into some start up ventures, schedule some bucket list holidays over the next decade and then with what is left I'd spend it on cars. Preferably an older niche collectable supercar that'd appreciate in value... and if money permits upgrade the race car.
1/2 into a fund, the profits would go to charities every year. 1/2 for travel. I love visiting new places, there is so much to see and taste. (And maybe a few cheaper Nolans to hang on the wall.)
I thought at first your post may have been linked to the poem by Rudyard Kipling .. 2 MILL--No property no shares .. Maybe i would start by going too the Qld Gov Car fleet auctions..Then target a near new used mobile dental van complete down to infection control then a used truck with the truck that can be set-up into a food van.. Then start a free dental Van too check up within the river-front parks for the home-less 2-3 times a week depending on what dentists would donate their time as i think many would.. I know one qld gov minister former dentist that donates 2 days each month on his weekends for free... With 2 mill and the way Tax works ,it would fund itself once it's running then just walk away.. Not being one to side-track treads .. If you can keep your head when all about you Are losing theirs and blaming it on you, If you can trust yourself when all men doubt you, But make allowance for their doubting too; If you can wait and not be tired by waiting, Or being lied about, don’t deal in lies, Or being hated, don’t give way to hating, And yet don’t look too good, nor talk too wise: f you can dream—and not make dreams your master; If you can think—and not make thoughts your aim; If you can meet with Triumph and Disaster And treat those two impostors just the same; If you can bear to hear the truth you’ve spoken Twisted by knaves to make a trap for fools, Or watch the things you gave your life to, broken, And stoop and build ’em up with worn-out tools: If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings And never breathe a word about your loss; If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: ‘Hold on!’ If you can talk with crowds and keep your virtue, Or walk with Kings—nor lose the common touch, If neither foes nor loving friends can hurt you, If all men count with you, but none too much; If you can fill the unforgiving minute With sixty seconds’ worth of distance run, Yours is the Earth and everything that’s in it, And—which is more—you’ll be a Man, my son! Rudyard Kipling..
Assuming when you say no property it is for investing purposes? If so then I would upgrade my PPOR to a wetblock and make sure it was exactly what I wanted then use the remaining funds for holidays. If no property includes no PPOR upgrade then I would stick it in an account and live off it for as long as it lasted, whilst doing that I would put 100% of my salary into investments .
Exactly the same as you. Large block with all the facilities and Id make it a shelter for all dogs as a safe haven/Re homing centre.
I'd buy a recreation farm and create a shelter on it for animals, big and small and provide enough space for them to roam free on. A portion to be set aside to later be invested in order to keep the shelter running and be self-sufficient. Not sure if 2mil is enough for this.
If I could I would do some maintenance work around my house. Not sure if that means spending on property - or if you meant no investment property purchases. I would also give a lot to family to help them.
Yes a safe place where all unwanted pets are taken care of, including farm animals. Somewhere they could roam free and enjoy the rest of their days. If the money stretched enough it would also be good to establish a burns unit especially for animals who are injured in bushfires. Somewhere koalas, kangaroos and others could go if they suffer any burns. All creatures great and small would be welcome.
Assuming one can't use it to pay out property debt ... would buy a new car, go on an extended Australian holiday, give $200k each to the four kids (3 grown with mortgages) and the balance split between RSPCA and Devil's Ark (now setting up a koala ark as well)
I'd RETIRE Put the 2 mill into a SMSF & live off the proceeds Sell the PPOR to buy a decent sized camper Disappear where the kids can't find us
Actually, if you do win lotto, unless you keep it very, very quite, no need to worry how to spend it. You'll be found and they'll come after you.
Create passive income streams through shares and property. I'd donate a significant portion of that income to RSPCA and Animals Asia.
Well, I don't play lotto either, so its hypothetical. This is what I've come up with this far.... With 2 mill, I reckon I wouldnt have to work again. Other than that... Get solar panels, laser vision correction for me and anybody in the family who could benefit with it, see what we can do to improve my dads hearing, new roof for an IP, maintain the decking on my house, Become a money lender?? Gotta know what the borrower's plan for the money is though. Travel. Live in Europe for one of their summers. Cruise the world. Travel around Australia too. Never been to the NT or WA. Unicycle around Taiwan. Buy a mountain unicycle or 2. (I don't have one!) Officiate at big volleyball tournaments everywhere. Give money to my sisters for their kids, but I want them to use the money to buy appreciating assets. Buy the insta 360X camera.
