If I were Filthy Rich
By Stagnantms+88 If I won the lottery, here’s how I’d try to spend it wisely
Instead of going straight to the big purchases, I’d take a few weeks to think. First step would be hiring a lawyer, a financial advisor, and a tax expert, all separate and fully vetted. Then I’d probably set up a trust to claim the prize and protect my privacy. I’d invest most of it conservatively, help family quietly, and give myself a yearly fun budget. I used to play on Lottoland while in the UK and even though I never won big, I’ve always thought more about managing it well than spending it fast. What would your smart plan look like?
Recent responses
+57 @DuaLipaTrophyHusband I’d probably buy a McLaren and wrap it around a telephone pole like, immediately.
+33 @Opening-Confusion355 I have five commandments 1. thou shalt not marry 2. Thou shalt not divorce 3. Thou shalt not have children 4. Thou shalt spend less than thou earn 5. Thou shalt not make thy self known
+28 @Deathcore_dudee In the UK they allow you to be anonymous, so you don’t need a LLC or a trust
+17 @PickASwitch Take the annuity. I’d rather deal with steady annual paychecks than to live with the fear that one wrong move will result in me losing the lump. I already have a good life. I travel internationally and domestic when I find cheap flights and mistake fares. I’m in good health. I’m debt free. I’m not madly in love with where I live but it’s good enough, it’s safe, it’s not ridiculously expensive. I wouldn’t need to make drastic life alterations besides retiring from the workforce. I’d travel a bit more, but everyone is used to me taking trips, so that won’t raise suspicion. The smartest thing to do is to avoid pretending to be someone you’re not. You’re not some baller, you’re not an investment genius, you’re a schmuck who got a cheat code for a better life. Don’t waste your time trying to be accepted by rich people/high society, they want nothing to do with you. Just quit your job, pay off your house, get a therapist, hit the gym, eat better, go to the spa, and enjoy your life.
+12 @UberPro_2023 Hookers and blow in a suite at Caesars Palace would be the first thing I’d do.
+12 @PollutionStunning679 Personally I'd meet the lawyer, accountant, and financial advisor to get it all set up, then set up my base. House, car, furniture, emergency cash, etc. I'd craft a good cover story for my new bump in income, and live like a middle class person who does upper class things when they feel like it because they are cool having debt. It wouldn't be suspicious these days.
+12 @Rameixi One thing I don't often see included among the list of the usuals(lawyers, accountants, trusts etc) is a counselor/psychologist. I def think there are things you'd mentally have to address with such a shift in your personal wealth. Especially for(but not only) those with any type of addiction/abuse issues or personal traumas as those will only be magnified with a big win unless you take the steps to address them.