What would you do with.....

[IBCoupe]

How long do you think it would take you to burn through that much money?

...ooh! Very poor choice of words.

[srellim234]

I would set aside the money in even increments in interest bearing accounts or various funds.

Fund #1 -Use 90% of whatever it earns as a return to pay off debts and use for living expenses, letting the other 10% roll back in to raise the principal to provide a little more each year. Depending on how much it provides we'd move from here to a nicer place and area. I'd join a golf country club, too. All a matter of how much interest income is provided each year.

Fund #2 - Do the same 90/10 % for my parents.

Fund #3 - The same spreading out the 90% return among kids, nieces, nephews as I see fit. College funds would come out of this one.

Other funds - do the same for an assortment of charitable causes. Among our favorites are the San Diego Zoo, The Birch Aquarium at the Scripps Institute at UCSD, a memorial scholarship at a local college in the name of a coach who passed away while I was there and things like that. By always rolling 10% back into principal the donation will gradually increase every year yet I still get to keep some control over how much goes to which charities. It also leaves the flexibility to start new accounts like that as I see fit.

All spending would be the 90% AFTER taxes so I don't see myself ever burning through the money.

[bundy26]

I might buy my dog exotic treats and a dog-prostitute for him to bang.

[alms24sebring]

I might buy my dog exotic treats and a dog-prostitute for him to bang.

Aint that the truth tho!? I can strongly agree

[boston824]

I would have to start with doing the basic math to determine spending rates.

260 million x 8% = 20,800,000.00 APY

10 million in an interest bearing account for each of the following. They would have access ONLY to the interest for each year. Principle would be locked.

Thankful Spending:

10 million *MDA (Access to interest only)
10 million *St Jude (Access to interest only)
10 million *My local Parish/ Church (Access to interest only)
10 million *Educational Scholarship Fund (Access to interest only)
10 million *Education Scholarship Fund for children of NICOCLUB.com (Access to interest only)
- Topic- Vehicle/ environmental related
10 million *Education Scholarship Fund for children of Law Enforcement Officers, Firefighter/ EMS (Access to interest only)
- Topic- Public Safety related
10 million **Education Scholarship Fund for children of wounded military veterans (Access to interest only)
- Topic- USA/ Patriotism related
10 million **Wounded Warrior Foundation to provide required medical items for wound soldiers. Provide lodging for family to stay nearby while soldiers are hospitalized.(Access to interest only)
(80 million)

Responsible Spending:

1 million I would payoff the mortgages, bills and car loans for all my family members.
1 million (2 ways) trust funds for my children (For property)
1 million (2 ways) trust funds for my children (School)
1 million (15 way) trust funds for my nieces and nephews (School)
1 million (2 ways) trust funds for my god children (School)
(5 million)

Fun Spending:

Purchase a few new family cars, and a boat
Build a house with a garagemahal (garage- mahal)
**Install a lift to maintain our personal vehicles
**Purchase any tool that I would need to work
Shopping spree for my daughter, wife and her sisters
Payoff all bills
Family Vacation (Italy)

Live on interest of main accounts
Invest remaining (Precis Metals, Mutual Funds, Stocks, Bonds)
Enjoy life and family

[alms24sebring]

lol it seems like u've thought about this before.

[skydragoness]

Europe?

€37 after taxes.

Nice


I'd mostly would just travel (with some nice camera gear in tow); buy some cool cars and take them to different circuits around the country/world; have a house or two in places I frequent the most; donate the rest.

[themadscientist]

I might buy my dog exotic treats and a dog-prostitute for him to bang.

Talk to the pimp.

[s0m3th1ngAZ]

Step 1: Buy an abandoned Missile Silo
Step 2: Kit it out with geothermal power, greenhouses/tilapia ponds, and a freshwater spring. Along with all the required luxury appointments of course.
Step 3: Kidnap several choice honeys.
Step 4: Release biologically engineered small-pox virus unto the world
Step 5: Wait
Step 6: Emerge from vault to RULE THE WORLD.

[themadscientist]

Step 1: Buy an abandoned Missile Silo
Step 2: Kit it out with geothermal power, greenhouses/tilapia ponds, and a freshwater spring. Along with all the required luxury appointments of course.
Step 3: Kidnap several choice honeys.
Step 4: Release biologically engineered small-pox virus unto the world
Step 5: Wait
Step 6: Emerge from vault to RULE THE WORLD.

I'm sorry Mr. Drax, her Majesty's government cannot allow your devious plan to proceed.

[s0m3th1ngAZ]

Feh...my minions will have better hats.

[boston824]

lol it seems like u've thought about this before.

LOL, just a few random thoughts on the subject.

[JoeCool6972]

First thing is build a house on about 5 acres with a BIG garage. Second is start o n a 70 Chevelle SS and early 70's 240Z. Then travel. First the US and Canada, then the rest of the world...

[Mr1der]

I'd get my '69 Mach 1 and just kinda disappear across the country for a few years.

[MellowZ32]

I would never tell a soul. I would travel everywhere

Id save most of it and set up trust funds for my niece and nephew.

[Otto.]

I would have to start with doing the basic math to determine spending rates.

260 million x 8% = 20,800,000.00 APY

10 million in an interest bearing account for each of the following. They would have access ONLY to the interest for each year. Principle would be locked.

Thankful Spending:

10 million *MDA (Access to interest only)
10 million *St Jude (Access to interest only)
10 million *My local Parish/ Church (Access to interest only)
10 million *Educational Scholarship Fund (Access to interest only)
10 million *Education Scholarship Fund for children of NICOCLUB.com (Access to interest only)
- Topic- Vehicle/ environmental related
10 million *Education Scholarship Fund for children of Law Enforcement Officers, Firefighter/ EMS (Access to interest only)
- Topic- Public Safety related
10 million **Education Scholarship Fund for children of wounded military veterans (Access to interest only)
- Topic- USA/ Patriotism related
10 million **Wounded Warrior Foundation to provide required medical items for wound soldiers. Provide lodging for family to stay nearby while soldiers are hospitalized.(Access to interest only)
(80 million)

Responsible Spending:

1 million I would payoff the mortgages, bills and car loans for all my family members.
1 million (x2) trust funds for my children (For property)
1 million (x2) trust funds for my children (School)
1 million (x15) trust funds for my nieces and nephews (School)
1 million (x2) trust funds for my god children (School)
(5 million)

Fun Spending:

Purchase a few new family cars, and a boat
Build a house with a garagemahal (garage- mahal)
**Install a lift to maintain our personal vehicles
**Purchase any tool that I would need to work
Shopping spree for my daughter, wife and her sisters
Payoff all bills
Family Vacation (Italy)

Live on interest of main accounts
Invest remaining (Precis Metals, Mutual Funds, Stocks, Bonds)
Enjoy life and family

Have you ever thought about a career as a Financial Advisor? lol. That was good.

[krimsonviper]

Actually, I think I would buy the biggest "F You" sign money could buy and put it in front my State's Capital Building.

[Dattebayo]

Responsible Spending:

1 million I would payoff the mortgages, bills and car loans for all my family members.
1 million (x2) trust funds for my children (For property)
1 million (x2) trust funds for my children (School)
1 million (x15) trust funds for my nieces and nephews (School)
1 million (x2) trust funds for my god children (School)
(5 million)

I counted 22 million... not 5.

[OriginalWheelman]

$260 million dollars?

Europe's largest lottery payout ever.

http://news.yahoo.com/blogs/upshot/meet ... 22435.html

Invest 200 mil.
Spend 60 mil.
Pay my bills forever with the interest form the 200 mil, until I "retire". Then blow w/e I feel like and leave the rest to charity.

[dgms240]

pay off all bills/student loans
help out family/friends
build a ridiculous house w/ huge garage(2-3 lifts, fully stocked w/tools, dyno, etc)
travel the world
give some to charity
start buying/building cars! (s14, 370z, fd3s, gtr alpha-12, supra, lfa, scion/toyota frs/ft86, ariel atom w/built sr20det)
force nissan to build a s16 (and b*tch slap whoever thought of the murano crosscabriolet!)

[dre1507]

I'm with Jesda, i'd let people i don't know think i'm some lazy-don't-wanna-work-bum who's living off the government. I'd wake up early every morning to pester my neighbors about going to work. Go back to sleep, then wake up a few hours later and get to back to working on growing the bank account.

[BusyBadger]

Responsible Spending:

1 million I would payoff the mortgages, bills and car loans for all my family members.
1 million (x2) trust funds for my children (For property)
1 million (x2) trust funds for my children (School)
1 million (x15) trust funds for my nieces and nephews (School)
1 million (x2) trust funds for my god children (School)
(5 million)

I counted 22 million... not 5.

You forgot math lessons or with $260 mil just hire a CPA.

[Razi]

[Xdisaster240sX]

Two chicks at the same time.[youtube]http://www.youtube.com/watch?v=A939QRRSNV4[/youtube]

With that much money...Get into very heavy drugs then get real depressed and kill myself...like a celebrity.

House, Skyline(s), Kids in college, Move away