#1 buy a ~1mil home somewhere in .. i dunno, so cal or FL. GTFO of ohio. This would count as an investment... right?
#2 buy a nice new car or two. something a bit ridiculous but <200k. cause wtf is the point of winning the lottery if you don't treat yourself, right?
#3 the rest into various investments for retirement etc.

i'd keep a solid day job to pay for all my normal expenses, but w/o car payments or mortgage... i could probably do something enjoyable for less pay, or maybe start my own consulting firm.

 

So youre saying you either want your newly purchased house to immediately burn down in wildfires or be broken into by drug addicts, rednecks, or ex-wrestlers (which are a combo of all 3).

 

$3M in my pocket?

Buy a new home (smaller, not bigger, but brand new and overbuilt so that it's rock solid for as long as I live), buy a new sports car, and probably upgrade the family car to something a little bigger, safer, and more comfortable.

Other than that, not much. I'd keep working but might consider switching to consulting engineering vs my salaried job. I'd travel more often, for sure, and indulge a little bit here and there but nothing crazy.

Thing is, I'm financially conservative so I don't think that would change regardless of how much money I got. I don't spend money without thinking about it first. I've gotten bonuses and relatively large "windfalls" before (lawsuit settlement) and most of it sat there forever before I decided to use it or permanently save it.

The girl hit the nail on the head; she had no idea what to do with the money so she spent it.

 

Really spot on. The tampa bay area is home to all the WWF burnouts. Super Fly Jimmy Snooka just broke in to our property in downtown St.Pete... guy had track marks all over him, cops had to use 2 tasers on him. Apparently you can be addicted to steroids!

OT but has anyone seen the movie "The Wrestler?"

 

wow she is dumb.

 

She still has three houses and $30k, pretty good for anyone her age whether she regrets it or not.

If I had $3M, I'd buy property.

 

Property taxes on 3 properties equals $30k in 1 to 2 years. She better sell those properties and reinvest the money.

 

sometimes you gotta waste 400,000 grand on blow.

as for me i would do some serious investing and have a 1 million nest-egg just sitting in savings.

and of course i would get myself some toys. i.e. exotics, and a nice house, and my own brewery.

 

Question, where were the parents of this sixteen year old while she blew through 3 Mil?