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If I were Filthy Rich
By Jeremichi22
+122 What’s the first thing you do after winning over $500k?

I’d go to the phone store and get a god damn new phone number so these fucking robo calls for loans stop calling me! Sorry just had to get that out.

Recent responses

+68 @No_Atmosphere_6348 Pay off debts - credit cards and mortgage.

+44 @TashaT50 I’m boring - pay off all my debt. Save the rest.

+19 @greywinthrop Pay down all my debts, pay a disgusting amount of money to finally fix my teeth, have an elective surgery that would make my quality of life much better, and then use the rest for a down payment on a home. Then I'd go back to work and go back to dreaming about winning enough to retire early.

+19 @Heavy_Bicycle6524 I go for a shower and then I ring my bank to settle my homeloan

+16 @StickyBeets have the taxes taken out immediately so I can do what I will with it without the penalty lingering..

+15 @silent_fungus Pay off all my debt.

+13 @AxelsOG Allocate $5,000 to spend on fun stuff (building a sim racing rig, building a new homelab setup, better networking gear, etc..), $10,000 gets used to purchase a used older Corolla, and the rest goes straight into VOO to grow at a steady rate until I need it or I retire. $500,000 is nice, but is hardly life changing for me. A lot of stress goes away, but mostly about the uncertainty of the future for my retirement fund. Most of it will just sit and grow while reinvesting any dividends back into it. I’d MAYBE consider setting aside $10-25k as a possible worry free startup fund to eventually start my own business. And eventually down the line when it grows a bit further, instead of buying a house I’d likely buy a small apartment building with 3-4 units, or a duplex or something while staying in one unit and renting the other(s). I wouldn’t need to worry about constantly increasing profits, so I’d be fine pegging any rent increases to inflation and not a penny more as I’d rather keep good tenants and have a slight profit to set aside for building repairs and maintenance. Basically just a few things to set myself and my future family up for some amount of comfort in the future.

+11 @Icy-Sir-8414 $500,000.00 jackpot isn't enough to for the big fancy life but enough for starting a small business to make money