If you won 50 million dollars today, what would you do with it? And how different is it from what you would have done pre COVID-19?

Talk to a tax attorney and figure out what I need to set aside for that.

Eliminate my debt, my parents debt, and my siblings debt.

Give my parents around 1 million for retirement.

Set up trusts for my brothers' education, as well as my own.

Renovate the childhood home to my mom's wildest dreams.

Buy two family members houses.

Set up an endowment for my favourite charity.

Give back to organizations and people who have helped me tremendously.

Give myself 100k to spend on whatever I want (travel, tech, clothes)

Buy a Tesla.

Invest the rest in TFSAs, HISAs, and RRSP sticking with safer investments.

Give myself 100k to go wild with option trading.

Buying my isolated massive ranch in the mountains would regain priority (it had dipped in priority because I "wanted to be nearer a major airport").... and then savings. And upgrading my wardrobe, skin care, personal fitness, and cooking lessons (which really would be like $5k total? I have upper middle class taste even when I am splurging).

Pre-Covid it would have been traveling and then all that.

Comment deleted by user

Buy a large piece of land in a rural-ish area and build a dog sanctuary! No change from pre-covid.

If I ever won big money like that, I would continue working for at least a year and spend very little of it. Most of us don't even understand that sum of money.

What I would do with it doesn't matter if COVID is going on or not.

Immediately I would:

• Put 5MM in multiple HYSA across different banks

• Start Creating a CD Ladder with 3MM

• Buy a new car (Okay I would splurge here, Tesla or G-Wagon)

• Pay off my Brothers' student loans

• Buy a house for my mom and give her a monthly stipend or set up an account for her (would talk to a tax person about this)

• Get maids

• Probably spend some more on odds and ends

• Invest the rest

• Upgrade my apartment

After a year, when it set in, and I could think clearly and set up a trusted team of professionals around me, I would consider other options.

Comment deleted by user

Some priorities wouldn't change: buy my mom a house, put money in a retirement account, pay off my student loans, disperse money to family members who need it. Other stuff I would have done pre-COVID like travel to see close friends would have to wait, obviously. I would probably save at least half to give to other people, especially during this crisis. I know a lot of people are struggling right now and it would be selfish to hoard all that money.

Most of what I would do with a large sum of money is the same as I would have said a month ago. I'd still pay off my and my partner's debt, earmark enough for us to buy a house in the future (I'd keep renting for now because it's not guaranteed we'll stay where we are), pay off his mom's mortgage if she has one (I know my parents don't), save and invest most of the rest. I wouldn't have been interested in traveling right away anyway unless my partner wanted and was able to put his career on hold, because he doesn't have the vacation and I wouldn't want to travel by myself. Maybe I'd have considered a big vacation with my family.

Now, the biggest difference is I'd make myself spend more money at small businesses (like someone else said, I'm just not a splurging person even if I had the money), I'd pay any costs for the big family reunion trip to still happen if we have to postpone it (IRL where I don't have the money for that, who knows what will happen with that event), and I'd pay any costs for my sister's college, my and my partner's alma mater, and my high school to have some sort of appropriate graduation for this year's graduating class.

I’d buy citizenships somewhere that has them for purchase for my family and my husbands family, so we could all have somewhere that we can legally be together indefinitely. Pre-corona, I’d have said I’d invest most but would also quit my job and travel for a year.

After talking to lawyers and financial planners I would save/invest most of it, but I'd also:

• Buy a house (and pay someone to clean it) • Give my mom enough to retire • Treat myself and family to a vacation • Buy the fancy groceries I'm too cheap to buy right now • Quit my job, and volunteer a few places instead

The only thing that's changed with COVID-19 is that I'd be more focused on supporting small businesses and donating to charities that specifically help those who have lost employment.

50 million? I am locking 45 million away for 2 years and working only with the five million. I will buy a house, clothes etc, and work on building my investment accounts as well as my real estate portfolio.

If I won, I would immediately get a trusted account manager to invest wisely in the markets (as much as I can considering the state they’re currently in). I would buy a secluded home with all the things I love added in, but locally. Myself and my husband would continue working (we both are required at this point to work - me in healthcare, him in electric). We would send funds to small businesses we love here and make sure our families are ok.

Honestly this is what I would do covid or not.

After talking to some sort of tax/law professional, I'd definitely save a good chunk. I'd also give my parents and my brother a few million. I'd get a nice place for me and my fiance and get married, of course. I'd also give some to charity through a fund.

I think the difference is with COVID, I'd probably have to hold off on finding a new place. I'd also have to hold off on traveling and getting nice treatments for myself.

I think it would be the same.

Pay off debt, buy an apartment building, and help my friends and family. I would also start my own company.

After setting aside an appropriate amount for taxes I would:

1. Give my mom $1 million cash

2. Pay off my boyfriend’s student loan

3. Set up a trust for my nieces

4. Speak with a tax advisor and financial advisor about options, but would like to have quite a diverse portfolio thinking both long and short term

5. Set up a house buying fund

6. Make a donation plan for a couple of chosen charities, both for immediate donations and longer term endowments.

7. Set up a travel fund to use when possible. Some dream trips right now include:

• Peru with my boyfriend

• New Zealand with my mom

1. Give myself some fun money to spend on things like clothes, personal trainer etc.

Fun thing to dream about especially when being quarantined in my tiny NYC apartment :-)

In terms of if differences in light with COVID 19, would not do things very differently I think. Investment strategy would remain largely the same, but perhaps would want a bit more cash on hand? Obviously would not plan to travel anytime soon and would probably divert donations to public health organizations helping to manage this crisis.

Assuming I would receive ~$30 million after tax, I would:

•tithe 10% to church: $5 mil total

•buy/build/upgrade a house for my parents, my brothers, and myself: ~$1mil each, $4 mil total

•buy new cars for all family members above + spouses: <$100,000 each, $600,000 total

•pay off my boyfriend's (& his brother's) debt: $150,000 total

•buy a vacation home somewhere tropical for my family to use: ~$2 mil total

•set aside money for a wedding: $100,000

•set aside money for my future kids' college/start of life boost. This would probably be some sort of trust: $2 mil

•start a coffee shop/bookstore: $2 mil

•invest the rest and live off the dividends to do things that would make life easier/more fun like hiring a trainer, better clothes, take my dog to doggie daycare everyday, monthly massages, eyelash extensions, get nails done bi-weekly, go to yoga classes

Once I die, I would want a few million to go to each of my kids and then the rest to go into a scholarship fund of some sort, not quite sure what though!

- Eliminate my student loan debt.

- Find the *best* orthopedic surgeon or sports medicine clinic. Get them to figure out why I still can't walk.

- Go to PT and chiropractor 3X week until I can walk again. Start aquatic PT.

- Hire a maid.

- Buy a new vacuum and coffee maker.

- Get a really *nice* haircut and brow wax when it's safe to do so. I can only get my hair cut twice a year with my budget RN.

- Help immediate family.

- Get a new car more appropriate for winter weather.

- Put a ton of money into savings, investments.

Talk to a fee-based financial advisor about minimizing tax liability and then don't touch it for a year. The windfall rule of thumb.

Then I would probably buy myself a house and set aside a trust for my ongoing income. I have an acquaintance who is an awesome community organizer, so I'd probably talk to her about starting a non-profit together - addressing homelessness locally, maybe? I'd also buy a bunch of Eileen Fisher and get involved in the local arts scene.

I would keep maybe like 5 million for myself. Pay off the mortgage, buy two electric cars for my partner and I, get charge points installed all over our general area, buy primo parking spaces close to both of our jobs. Pay off my sister's mortgage too and then see how goes, investment wise.

Then I would build buy up the expensive land in busy areas and build social/affordable housing. Their rent will pay towards their eventual ownership.

Now with covid, I would probably invest in hospitals and securing healthcare supplies.

Buy a few properties and offer them to friends or others in need; get a yacht and learn to sail; start a rewilding/reforesting organization; travel to a few dream destinations in my spare time; build the house of my dreams and establish base there; take extended family and friends on vacations and trips around the world. My potential future kids will have to damn well learn how to manage for themselves. Might earmark a few hundred thousand for their education, but that's it.

Wish list: Home makeover Move family into a hotel downtown for a few months and/or travel as we hire movers to move current belongings into storage, hire a general contractor to HGTV my house. Add a deck to the backyard, fix the fence, get solar, make a few raised garden beds, plant a couple of trees, make everything liveable, fix up the attic and add insulation, re-texture walls, change out the vanities in the bathrooms. All together, spend $60-120K on that and do whatever projects my wife has planned for the house.

While travelling rent cozy lake properties in the Midwest, visit friends in Hawaii and Alaska, use free time to go on walks with family everyday, go hiking in several national parks, get disc golf materials and try playing at different courses around the country.

After house is done hopefully within 3-6 months, come back and enjoy time with extended family over summer breaks, volunteer on local mission trips, pay off church mortgages and debts, help make church more liveable and impacting in whatever current ministries there are and volunteer more. Continue sponsoring people going on mission trips or going to seminary.

Continue investing in clean drinking water in India, small/efficient wastewater treatment methods for rural communities.

Buy 10 acres of land in Texas where you can have whatever wildlife and style of house, get a single milk cow, about a half dozen chickens, goats and some barn cats and dogs. Support a local 4H program or Future Farmers of America. Keep bees and plant lots of indigenous flowers and food plants. Invest in a water well and geothermal water pumps to make A/C more efficient. Take excess food to local food bank or share with neighbors and friends. Make sure there is enough room on property for in-laws that way they can move on property in old age or when retired.

Miscellaneous fun stuff: Buy a Switch and get BOTW Get my car detailed Snorkel in Hawaii Take a train across America

All this stuff might amount to $3 million of spending money, if paid outright. With living costs to end of my life it might total $6million.

Figure out how to make a real custodial account for my kids 2 just born, and hopefully two more on the way. Leave enough so that they would have a 1/4 million by the time they graduate high school. Let them make their own choices after 18 and no more money, all while showing them the importance of saving, compound interest, investing in lasting things, still include them in will, but only leave them the same amount in another account that continues to grow until our death and leave what I hope would be enough that they wouldn't have to struggle after they turn 50. Maybe with compound interest in an index fund, 100K would be worth 3-7 million in 50-70 years.

Still take them on trips and get presents at Christmas, but normal things like clothes, or things I know theyd enjoy like season passes to a local theatre or activity that way they could go out and do stuff.

It's more money then I'd know what to do, but one thing I've always wanted was to get Oreo to make a variety pack and have several of their new flavors in one pack that way people could try a new flavor without having to get a full pack of a potentially nasty flavors.

Maybe with all the future planning stuff and life expenditures 10 million. But the sponsoring missions, clean water, safe food, ministries will be a life long task and these things can't wait til winning the lottery! They start with little investments now. With time it'll come out to something grand.