If you had won ten million dollars earlier in life, what would you have likely wasted it on?

I thought about that since I was a pre-teen. The answer was pretty much all to put it in a safe interest-bearing situation so I could live on the interest and do what I want with my life.

Seemed like a good idea then and now.

There was just about zero chance I would spend lump sums that would put me in a dependent situation again.

Nothing !

Don’t waste !

Get a financial advisor !

I probably would have donated it it charity.

I still have my play lunch money.

I’d have used part of it to finance a trip to Africa to go into Merc Work. Probably would have invested the rest.

If I was 20 years old when I got the money I’d invest $8 million in the S&P 500.

With an annual growth rate of 10% (plus or minus 2%) at age 50 the $8 million would grow to $251,277,000.

I’d live frugally off the $2 million. It would help with college and starting a professional career.

An army of musclebound gigolos.

I feel very sure I would not have blown it in 18 months.

How early is early? 18 years old? I might not have finished college and have wound up married to my boyfriend at the time. He would have pushed me to spend more than I would have wanted to and I probably would have complied. House, cars, and I think we would have wound up divorced also and maybe would have been stuck giving him some if I had put the money in his name also. Ugh.

If it had been when I was a young adult I would have bought a new car and a house and travel to see friends. Probably, give my sister some money and grandma and aunt. Not a ton, but make things easier for them.

I’d put millions in the bank and try to live off the interest. $4 million at just 3% is $120,000 a year. Plenty for me. $4 million at 5% compounding interest in 15 years becomes $8 million. I knew all of that even when I was 15 years old. There’s still $2million I could have spent initially and still had all of that.

Laziness would keep me in line.

I have a 1st cousin who won 100 million in the lottery in 2015 or so. She’s been smart with it.

Girls.
But I would have been very miserly with the money.

I’ve always wondered how to pay off all these speeding tickets…

I’m a bit embarassed to say…women, travel, drinks and food. But not all of that 10 million! lol

Chicken wings and cola. I would pay my rent 25 years in advance.

I have a bunch of books in my wishlist that I really want to get my hand on but haven’t gathered enough money for. They would be the most likely thing I would blow my money for.

That said, I would put most of my money into my savings. I have never been interested in spending everything in one go and I have trained myself to save. By “blowing my money”, I mean the most likely to spend big money on, not wasting my money.

I would have ten times that much now.

How young we talking here? 15? 18? 23?

If I was in college, I definitely would have paid off my tuition, set aside money for supplies, upgraded the death trap I was driving, and stopped working 30 hours/week just to survive. College would have been a very different experience.

I hope I would have been smart enough to set aside money for a house and save the majority of it.

I’m also pretty sure I would have taken some amazing trips with my wife, after graduation, and blown some of the money on that. A mil or two.

I’m 29, but still going to answer.

It depends, if I won a jackpot of 300 or 400 million dollars, I would spend about 10 million to make an independent film based on a screenplay I’ve been writing for a couple years, and I’d enter into a film festival. And hopefully get noticed within the industry.

If I was given this at age 20 I would have bought real estate. A nice house for myself, enough rentals to make a comfortable living and possibly land. I would have a couple additional college degrees by now also. You would not be able to tell me apart from others who are “working.”

I definitely wouldn’t have blown it. I would have spent some as “mad money” but would have invested the rest.

Country home, two or three cars, some travel. I would not have spent it all. Ten million still bought a lot in the eighties.

I think I would have spent a lot on my baby brother. He meant a great deal to me.