What would you do if you won €130 million?

Stovepipe

I have two friends who are semi-retired (they sold successful businesses) and are in their 50s; both have a light aircraft, a bespoke house here and another in a sunny country a few hours from here. They go where they like, when they like, as often as they like and do a few hours now and again in the former day job (mostly advising over the phone); they have friends over for dinner when it suits them or they go visiting, as it suits them. Great way to live, while they are young and healthy enough, especially when they have enough put aside to cover actual and potential health costs. Wealth buys you time; you don't have to commute, unless you are going to your other house; it also means that you can give your offspring a few bob and put away a rainy day funds. So, you get freedom from want, security of income, can afford the best health care, no stress about work or commuting or when your next Visa bill comes in. I'd have it in a heartbeat and I wouldnt need 130m to do it. A tenth of that would suit me just fine!

sbsquarepants

Jesus it would be fantastic to be able to indulge your every whim without a care for the price.
See a car add on the telly - ooh that looks nice, i'll get one of those.
Watch a travel show - Patagonia is lovely this time of year, fancy going tomorrow?
Liverpool are in the champions league final, sure maybe we'll stay a week or 2 either side of it in Madrid, we could even pick up that apartment you wanted when we're there, what do you reckon?

Now that's the life I'm supposed to be living!;)

Deebles McBeebles

sbsquarepants wrote: »

Liverpool are in the champions league final

That requires even more hopeless optimism than playing the lotto

ambro25

The first thing would be to work out how/invoke any relevant clauses for, remaining anonymous. Publicity is bad for your wealth.

Next is spreading the lump sum across banks and jurisdictions to spread/mitigate risk on the capital. And to remain extremely cautious about 'suggested advisers'.

Next would be setting up a boatload of shell companies with nested control, with the most 'frontline' company setup for non-executive appointments. Easier to funnel money to 'anonymously'-appointed family members (noone would know it was me), moreover as small and regular monthly/quarterly amounts for life rather than life-changing lump sums. Let people adjust gradually to newfound wealth, rather than end up fighting, divorcing, etc. over money very quickly.

And after all that, slowly bring the Mrs onboard with the whole thing, to the point where I can actually stop/leave work, and take a life breather to work out what next.

There's a bunch of design alterations I'd love to go through with the ancestral family home, and a car we've owned for 18 years now that I'd love to be refreshed/restored to factory-fresh, to start with.

A trip to the local Merc (love me a Merc) & Porsche (quite like Macan) dealers is not out of the question, either. And yes, I'll make it a point to turn up in my grubbiest jeans and tshirt, and to haggle

Stovepipe

I saw a Traveller walk into a Hiace dealership once and the salesman was obviously sneering him until the Traveller says "How much is dat, Boss? For cash", pointing at a new Hiace. The salesman rattled off a figure and the Traveller left, much to the sneering delight of the salesman. A few minutes later, the traveller comes back in, dragging a milk churn. he lifts off the top and its full of crumpled pound notes. He stands up the churn and starts dropping notes on the floor, "Wan, too, tree.....". The salesman was all over him after that, eyes wide open......A friend went to buy a car once, after having won money on the Pools (remember them?). The older salesman was all sneer and guff and fobbed him off, so he waited for a bit, found out who the lowest, newest (poorest) salesman on the staff was and bought the car from him and gave him a generous tip and the older guy was raging, as his commission would have been highest.

weldoninhio

ambro25 wrote: »

The first thing would be to work out how/invoke any relevant clauses for, remaining anonymous. Publicity is bad for your wealth.

Next is spreading the lump sum across banks and jurisdictions to spread/mitigate risk on the capital. And to remain extremely cautious about 'suggested advisers'.

Next would be setting up a boatload of shell companies with nested control, with the most 'frontline' company setup for non-executive appointments. Easier to funnel money to 'anonymously'-appointed family members (noone would know it was me), moreover as small and regular monthly/quarterly amounts for life rather than life-changing lump sums. Let people adjust gradually to newfound wealth, rather than end up fighting, divorcing, etc. over money very quickly.

And after all that, slowly bring the Mrs onboard with the whole thing, to the point where I can actually stop/leave work, and take a life breather to work out what next.

There's a bunch of design alterations I'd love to go through with the ancestral family home, and a car we've owned for 18 years now that I'd love to be refreshed/restored to factory-fresh, to start with.

A trip to the local Merc (love me a Merc) & Porsche (quite like Macan) dealers is not out of the question, either. And yes, I'll make it a point to turn up in my grubbiest jeans and tshirt, and to haggle

Jesus I hope you don't win. Howard Hughes II.

El_Bee

Stovepipe wrote: »

I saw a Traveller walk into a Hiace dealership once and the salesman was obviously sneering him until the Traveller says "How much is dat, Boss? For cash", pointing at a new Hiace. The salesman rattled off a figure and the Traveller left, much to the sneering delight of the salesman. A few minutes later, the traveller comes back in, dragging a milk churn. he lifts off the top and its full of crumpled pound notes. He stands up the churn and starts dropping notes on the floor, "Wan, too, tree.....". The salesman was all over him after that, eyes wide open......A friend went to buy a car once, after having won money on the Pools (remember them?). The older salesman was all sneer and guff and fobbed him off, so he waited for a bit, found out who the lowest, newest (poorest) salesman on the staff was and bought the car from him and gave him a generous tip and the older guy was raging, as his commission would have been highest.

I think the chances of finding a winning euromillions ticket are higher than that story being true.

Stovepipe

I was standing in the dealership beside my friend who was there to collect parts for his Hiace. It wasn't only Travellers bought them. We saw and heard everything. No need for me to lie about it.

BBFAN

I worked in the motor trade many years ago and plenty came in and bought expensive cars and vans for cash as in notes but then they brought in a rule where you had to get someone's PPS number for anything over 5k cash so that pretty much put a halt to that.

4068ac1elhodqr

€165,000,000 is the estimate for Friday now, maybe the title needs adjusting.

However the odds for 5+2 stars are 139,838,160/1 and with a ticket price min of €2.50, it still isn't offering great value.

When it peaks at €3,495,954 (BEP) let me know folks.

daithi7

Stovepipe wrote: »

...
after having won money on the Pools (remember them?). The older salesman was all sneer and guff and fobbed him off, so he waited for a bit, found out who the lowest, newest (poorest) salesman on the staff was and bought the car from him and gave him a generous tip and the older guy was raging, as his commission would have been highest.

I know someone who went into a high end dealership to buy a particular brand 4x4. The dealership has a few franchises under one roof, and so when the salesman from the most premium brand practically ignored him, he went ahead and bought a different brand 4x4 from a different salesman instead.

To be fair, It's also a lovely jeep, but I'd love to have seen the original salesman's face!! ��

ambro25

weldoninhio wrote: »

Jesus I hope you don't win. Howard Hughes II.

Err...thanks. I think. :pac:

I can tell from your sentiment that you might be fortunate enough, not to have had much life experience involving 'large sums colliding with family', whether through graft, luck or inheritance. Not something I wish on you either, note.

Good luck for Friday all the same

Gael23

Die of cardiac failure

bucketybuck

daithi7 wrote: »

To be fair, It's also a lovely jeep, but I'd love to have seen the original salesman's face!! ��

Probably still didn't give a ****.

I've worked in dealerships for years, the amount of times I have seen salesmen not bother to go after a sure thing would make your jaw drop. I've had customers tell me flat out that they wanted to buy, guys that already had bought from us in the past and were good customers and wanted another 2/3 vehicles. I've told the salesmen, reminded the salesmen, then months later I will be speaking to the customer and find he went somewhere else because he never got so much as a phone call.

Things like this haven't happened once or twice, but literally dozens of times over my career and I'll never understand the logic of it. You'd think sales would be hard enough that a salesman would be jumping at a customer showing such strong interest? Salesmen, a useless shower of idiots in my experience.

upinsmoke

Say nothing to no one, hand in my notice.

Buy a nice car, build a new house with gym, sauna, cinema room etc. Travel for a few months.

Then the fun will wear off pretty quickly I guess. Probably setup a dog rescue centre to keep me occupied and have a full health screening every month. Might attemp to setup my own company but meh.

Aska

Clear bills and go on holiday, havent been on one since '06

Tell me how

Pay off house and place 50 years of healthcare payments in a separate dedicated account.
Invest in some form of a diverse hedge fund aiming to clear circa €2M a year in interest earnings.
The €2M annual income would be used in two ways.
€500k to myself to set up and run a business paying myself a salary of no greater than 100k
€1.5M to local causes projects which might be as simple as sports club funding, respite services to families with sick members, develop amenity locations etc through an anonymous benevolent fund which people could apply for grant aid through and which would be managed entirely by a UK based solicitor who would appoint a board to review applications, and to manage the approved grants.

The business would be surprisingly successful, allowing me to help siblings and parents financially so that they would never have to worry about mortgages or health insurance. In fact, it would be so successful, it would allow me to step back from it to complete a Phd.
The charity fund would be preceded with a conversation at Adare Manor with J.P. Macmanus to get guidance on how to set it up so that it is effective, and untraceable to me.

(writing that was a nice 5 minute distraction from the realities of life)

Mad_maxx

Buy the S+P 500, dividends each year would amount to 2.6 million which is plenty to live on, the 130 million would be sure to double within twenty years max

Tell me how

Tell me how wrote: »

(writing that was a nice 5 minute distraction from the realities of life)

The first time I read this thread, I lay awake until about 3am fantasising about my plans. Slept very well after that.

Nice plans by the way!

donkeykong5

Devide it up amongst family and friends. Also give sizeable donation to paedophile hunters groups to help with phones and petrol expenses etc

dxhound2005

donkeykong5 wrote: »

Devide it up amongst family and friends. Also give sizeable donation to paedophile hunters groups to help with phones and petrol expenses etc

It's good to see someone with a clear plan. It is surprising how many people in the country have no real idea of what they would do with €160 million.

Paddy Cow

BBFAN wrote: »

I worked in the motor trade many years ago and plenty came in and bought expensive cars and vans for cash as in notes but then they brought in a rule where you had to get someone's PPS number for anything over 5k cash so that pretty much put a halt to that.

If that's true, how come so many of our ethnic cousins have new vehicles? Does revenue check every sale over 5k?

mickdw

5k or more in notes I believe results in questions.

Deebles McBeebles

Paddy Cow wrote: »

If that's true, how come so many of our ethnic cousins have new vehicles? Does revenue check every sale over 5k?

Would love to know this myself. Tried Googling but I'm not getting any clear answers.

El_Bee

Wouldn't give any money directly to charity, too much never sees the frontline services, I'd pick up the utility & food bills for a homeless shelter or two.

BBFAN

Paddy Cow wrote: »

If that's true, how come so many of our ethnic cousins have new vehicles? Does revenue check every sale over 5k?

Only if it's in cash and only whenever they audit you.

Spannerplank

donkeykong5 wrote: »

Devide it up amongst family and friends. Also give sizeable donation to paedophile hunters groups to help with phones and petrol expenses etc

I think you'll find that your donations to paedo Hunter groups would be spent on coke and hookers.

dxhound2005

El_Bee wrote: »

Wouldn't give any money directly to charity, too much never sees the frontline services, I'd pick up the utility & food bills for a homeless shelter or two.

There would be no frontline services unless some money went into wages and administration.

upinsmoke

Buy this to get away from civilization

https://www.rte.ie/news/connacht/2019/0214/1029643-high-island/

El_Bee

upinsmoke wrote: »

Buy this to get away from civilization

https://www.rte.ie/news/connacht/2019/0214/1029643-high-island/

That'd be nice, but getting planning permission, then getting a decent builder + materials to and from the island would be a bit of a hassle.

Paddy Cow

upinsmoke wrote: »

Buy this to get away from civilization

https://www.rte.ie/news/connacht/2019/0214/1029643-high-island/

Fook that. Too bleak. I'd buy something like Richard Branson's Neckor Island. Pure luxury and great weather.

donkeykong5

Spannerplank wrote: »

donkeykong5 wrote: »

Devide it up amongst family and friends. Also give sizeable donation to paedophile hunters groups to help with phones and petrol expenses etc

I think you'll find that your donations to paedo Hunter groups would be spent on coke and hookers.

Get a life. Weirdo!

skimpydoo

Keep my mouth shut as I would not want tons of begging letters plus having me and my family splashed all over the media.

Mutant z

Not tell anyone.

Monkeynut

I would throw some items at a UFC bus and injure people. Have sessions all the time. Get tickets for speeding. Be in the papers for adultery.

Oh wait somebody else did that.....

Itssoeasy

I'd come on here and announce it... it's easy for people here to say what they'd do if they won anything like that money but on the off chance it was to ever happen to me, I'd say I would t know how to react or what to do. I think it's 160 million tomorrow or something near that anyway and while it would remove all your worries it'd probably bring way more ones that would make you miserable. I generally like where I am in life and where I live and the people I know and the lads in the local pub. All that would if not go completely but change radically.

I would just add it to my other few hundred Million.

In reality, most people here would have the money gone in around 10-15 years, the accumulation and retention of wealth is something you either have or dont, hence why no one makes the millions. you need to know how to make it and keep it rather than just hold it.

Saying all that though, there is an 80 acre island off Galway I saw for sale, but that, 3 bed cottage and a weed farm out the back, then apply for a principality and have my own island away from Law.

weldoninhio

Have houses picked in Sydney, Los Angeles, South Lake Tahoe and Marbella. I'd buy them. Buy my mother a house. Pay for my sister to finish college without having any financial worries. Pay off friends mortgages. One of my friends wife's is a bank manager, I'd ask her to manage my finances. Travel a lot. Go to every sporting event I want in luxury, boxing, UFC, football, american football, GAA finals, Cheltenham, Aintree, the National. Help out a few local bands with equiptment etc.

13 billion penny sweets please, Margaret

Henry Ford III

Skyrimaddict wrote: »

...In reality, most people here would have the money gone in around 10-15 years, the accumulation and retention of wealth is something you either have or dont, hence why no one makes the millions. you need to know how to make it and keep it rather than just hold it.

You'd need to have a Phd in stupidity to blow €165,000,000.

fancy pigeon

If I won €130 million, I'd always thought about how to announce it publicly whilst having an obfuscated appearance. Seems this guy has the right idea though!

Could blow the dust off the horse head mask

RWCNT

If I got that much dosh I think I'd defo give my closest family, best mates and partner a million each, then we could all be rich bastards having the craic together.

Always the chance that suddenly getting loaded could ruin their lives though, which would then be my fault.

daithi7

I'd buy an island beside Dermot's one...

Cushtie

Most likely keel over from the shock...!!!

El_Bee

what's the property tax like on a 2million euro house?

wizardman

Coke and Hoes

Baron Kurtz

Deebles McBeebles wrote: »

That requires even more hopeless optimism than playing the lotto

Pretty sure they were there last May.

Ubbquittious

El_Bee wrote: »

what's the property tax like on a 2million euro house?

A few well placed brown envelopes to the right politicians could see the property tax done away with for good.

Capt'n Midnight

Ubbquittious wrote: »

A few well placed brown envelopes to the right politicians could see the property tax done away with for good.

You open it to the public for tax reasons. Revenue aren't allowed tell An Taisce. And you don't advertise which days it's open.

Do it right and your accountants could probably swing a grant or two

With that sort of money people working full time on tax avoidance would pay for themselves. And at the interview you can screen them as potential organ donors.

Capt'n Midnight

bucketybuck wrote: »

Imagine dying and leaving 90 million unspent in a bank account. What a bloody waste.

Worse, after 15 years it goes to the gubbermint