What would you do if you had $25 Million?

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Tonight at dinner we were discussing winning the lottery and what we would do with the money if we did win. The Powerball right now is at $25 million if taken as an annuity and $12.3 if taken in cash. Assuming that the Feds are going to take 30% that makes it $17.5 annuity or $8.6 lump sum. So if you had the winning ticket, would you take it in annuity or cash, and what would you spend the money on? Please give me a fairly detailed list.

As for me, I would take it in a lump sum. I would put $1 million in a trust for my sister. I would buy my mom and myself new houses and new cars, spending about $750,000. I would put $250,000 in a trust for my cousin's college educations. I would take about $500,000 on new clothes, new stuff for my house, and paying off my bills and college loans. I would also give a million to my favorite charities. All the rest would go into the stock market and money market accounts.

What would you do if you had $25 Million?

I would take the money in a lump sum. I would pay a tithe to the church right off the top. Next, I would pay off my student loans $50,000. I would buy new homes for me, my mom, and my brother- $900K. I would also buy new cars for the three of us. They wouldn't be fancy. I simply need a minivan for me, hubby, and the kids. My mom would probably get a BMW or some luxury car with great customer service. I would put 75% in savings, and the rest I would use to travel. I would love to take my kids to visit other cultures and live the "immersion" lifestyle versus the glamorous lifestyle most lottery winners live. Since I teach English, I would volunteer to teach English as a second language. That's all I can think of for now, but travel tops my list. I just can't go many places and haul four kids and husband around with me without money.

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What would you do if you had $25 Million?

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