If you won $275,000,000 would...

Cathrine - I have a law degree, but went to an expensive private school $150,000 for three years). DH is an attorney too and we have to pay off his loans too, and his from undergrad. So we started out at over $240,000 in student loan debt! Hard to believe. But we are paying it off as fast as possible.
 
Actually the take home after taxes would be around $165 as stated above. I would first PAY my taxes so I would not end up like Richard Hatch..haha....then, well as Diane said that would not even pay off my student loan debts either, but what my fab education has taught me is how to take that money and make it work for me. Invest, invest, invest in everything. Keep working and then watch that money grow over the years, then retire and live off of the income I generated from the investments. Got to make the money work for you, know what I mean!

JanJan :7
 
Well, I guess I really did receive that much unexpectedly. When my DH's parents died, that was about the amount he inherited. It allowed us to move out of our small 1-bedroom. apartment into a larger 2-bedroom apartment. That was nice, but it didn't change our lives drastically. Quit our jobs?? Heck no!
-Nancy
 
>Actually the take home after taxes would be around $165 as
>stated above.

Um...actually, a bit more than that!;-)
 
It's not even close to enough money to quit working. Taxes would be more like twice what you're thinking. $200,000 is enough to start or invest in a small business venture- but if I didn't have much more, I'd just stick it in the bank.
 
Woah, dude. 275 thousand and million are certainly different ;) Hahaha. Well, I can't quit my job in either case cuz he's 2 and a half and would definitely file a complaint ;) In my professional role, oh you betcha I'd quit and maybe volunteer or do some personal training. Oh yeah, first and foremost we'd pay off DH's college loans and other bills. WHOOT.


“In the beginning there was nothing. God said, 'Let there be light!' And there was light. There was still nothing, but you could see it a whole lot better.” --Ellen Degeneres
 
Gosh, I would never pay off my mortgage. The rate is lower than what I could earn on my investments. If I were to receive $250,000 tomorrow I would first renovate the kitchen, then give the rest to my financial advisor and ask him if I could PLEASE retire a few years earlier. :D When retired, I would work out everyday, and do the ENTIRE GS workouts without using the timesaver pre-mixes. :D :D
-Nancy
 
I'm a SATM. The first thing I would do is get Sarah (my daughter) braces. Then take all 3 of my kids clothes shopping. Get my blazer painted, buy EVERY Cathe, sell the house and get a bigger one, sell the other 3 vehicles and get an H2. Get a gym membership so I can use their pool.:)
 
If I won $275 million, you wouldn't see my butt for dust.:p

If I won $275,000, I would pay off my mortgage (regardless of whether the rate is low, I'd like to have that extra cash), do the renos to the house that I want to do, take a trip and invest the rest.
 
for 275,000 I would not quit my job, but I would pay off the mortgage, and finish up the college funds on my kids(got 2 years on one, the other has 4, but 2 at junior college, 529 plans, and boy are they helpful). I also would set aside more college money for them, because as we found this year, the 529 just pays tuition and fees. Room, board and books are still 3000-4000 a semester at a public college.

Then I would probably invest in safe funds for retirement.
 
Annette Bethel


Hmm, that is easy, pay off student loan, credit cards, send kids back to private school and get new dvds!! :)
 
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