If you won lotto?

Discussion in 'Chit Chat' started by ThatGuy, Apr 28, 2014.

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  1. ThatGuy

    ThatGuy Not so new Member

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    Let's say you won $10M in the lottery, what would you do with it?

    Personally I would probably try and start a zoo near my home town to increase awareness of WA's local wildlife and maybe a school based on herpetology for regional students as well. Any left over from that would probably go toward a nice big house on a large piece of land in the area around Jurien Bay and a few investments to set me up for life... or a few exotic super cars :)

    I wonder what you guys would do?
     
  2. Lawra

    Lawra Come here Squishy! Donator

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    Pay out all my parents' loans so they'd be debt free. Build my dream house. Build/buy investment properties. Buy new bikes and cars for bf & myself. Buy more shares. Travel the world for a year or so. Start a business.

    $10M is sooooooo much money lol
     
  3. Jimie

    Jimie Active Member

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    Buy a house car the usual then set up an awesome reptile room and also rat room to feed all of my beauties, then stash some in a high intrest bank acount as it wont last long it never does
     
  4. whiteshadow

    whiteshadow Not so new Member

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    Buy a large space of land. Subdived & build an entire estate. Rent out half and sell half.
    Set my kids up for life and build a reptile space bigger then my current house. Every thing left will support my retirement when I am 50 I am not waiting till 65+

    Sent from my GT-I9100T using Tapatalk
     
  5. Umbral

    Umbral Very Well-Known Member

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    Pay off close friends and family's home loans, build a new house for myself (Same block of land.) and do some traveling. I would keep my current job and invest the rest.
     
  6. Jacknife

    Jacknife Very Well-Known Member

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    Start a Panda Football League
     
  7. Rogue5861

    Rogue5861 Very Well-Known Member

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    Set myself up to travel australia for a couple years. Buy/build a decent home and setup a bigger collection of reptiles.

    Of course help my family out with houses ect but nothing too stupid, after all it wasnt them that won it would of been me.


    Rick
     
  8. Snowman

    Snowman Guest

    Sadly $10m isn't that much money these days... More than I have to play with... A lot less than family members have. You'd need more than $10m to set up a half decent Zoo that is for sure.
     
  9. JAS101

    JAS101 Very Well-Known Member

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    id buy a 30 acre block in the bush and go live there with all my animals .
     
  10. ThatGuy

    ThatGuy Not so new Member

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    I'm sure with $10M to set up the land the government could be bullied into assisting :) Could also staff it with volunteers who need the experience for education and the whole thing would be funded by the attached college for regional students.

    I do agree that $10M isn't a lot though, I could easily spend $3M in a day's planning on things I have wanted for a long time, mostly stuff to set up a home based business including a full media set up for my YouTube channel and possibly a new WA specialized Herpetology channel. Some money for travel to go field herping with some experienced locals and that kind of stuff.

    The rest of my family is pretty well-off and would likely reject any money should I try and gift it to them so I would focus on raising awareness in my community. Even if I just get a few of each species of reptile and amphibian available to citizens of the state and open it on feeding days and weekends, maybe school excursions also :)
     
  11. Snowman

    Snowman Guest

    My little brother bought a normal sized house in Hillarys for a bit over $2m. Money doesn't go far in Perth.

    Some of the ideas people have here are not practical at all for $10m. Developing an estate for example will cost well over $100m with roads, utilities, land division etc.. $10m would change your life, being mortgage free before 45 would change your life. But to live the dream, you'd need a lot more....
    In 2004 the staffing cost alone at Perth Zoo is over $8m.. which was 56% of the running costs. They also have a debt of $18m..
    http://www.perthzoo.wa.gov.au/wp-content/uploads/2011/06/Perth-Zoo-Annual-Report-2003-04.pdf
     
    Last edited by a moderator: Apr 28, 2014
  12. ThatGuy

    ThatGuy Not so new Member

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    0.0 ... wow lol, is a big zoo though and have extensive breeding programs along with many endangered species that require constant around the clock monitoring and such, I would stick to what ever I could manage with a team of volunteers and maybe 1 or 2 paid managers. I guess a "zoo" is the wrong word, more of a conservation park with enclosures for information and observation. most of the costs would be licensing and power management.

    I wouldn't dive into it without extensive research and the proper schooling of coarse, would just be nice to do that sort of thing :)
     
  13. Snowman

    Snowman Guest

    Keep the $10m and volunteer at Perth Zoo ;)
     
  14. ThatGuy

    ThatGuy Not so new Member

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    I will have to have a look at that, I wonder if they let their volunteers help with husbandry, I don't want to end up in administration, ticket sales or a gift shop :3
     
  15. Snowman

    Snowman Guest

    A $100k donation should sweeten the deal to get what you want ;)
     
  16. CrystalMoon

    CrystalMoon Reptile Lover Donator

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    I would buy a small Property and build a few houses(ecco)and open the doors for homeless kids. Teach them to become self sufficient and about our native Fauna and Flora etc...
    This has been a bit of a dream actually. This is just the short version, I have it all in a larger plan ;) The land for the most part would be left untouched.
     
  17. dragondragon

    dragondragon Donator Donator

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    Use the 10 to get a loan for 50million and build blocks of units sell 75% rent 25% repeat till I have 200 million
     
  18. DarwinBrianT

    DarwinBrianT Well-Known Member

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    I'd just be happy to not have to go to work.
     
  19. Jacknife

    Jacknife Very Well-Known Member

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    robot legs.
     
  20. critterguy

    critterguy Active Member

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    mortgage paid,
    rent out the unit and get a 1-5 acre property with house out of town in area with other large properties (got nice amount of space between neighbours, less noise and more noise can make without being a bother to others) and plenty of room to set up 2 sheds, 1 for normal stuff, one for critters (scorps, pedes, tarantula's, stick insects, herps) to keep, some as pets and most to breed and sell and help get uncommon sp into the 2 hobbies (prefer to work from home and already breed and capture certain sp of inverts for the hobby including some uncommon ones).

    Some cash for certain family members or small amounts to all of immediate family in the form of term deposits with certain conditions down ie. can't take out unless using for large necesary medical fees (no implants etc) or deposit for purchasing a property (have plenty of family on one side that would blow the money on crap instead of getting ahead in life), I wouldn't be keen giving them a few thousand or more if it's to be blown on booze and junk food etc.

    Some to charities/education programs (certain cancers, ptsd one, domestic violence/education in small indigenous communities etc) and also clubs/forums I'm in like this site, inverts site and local metal detecting and gem clubs.
    Some in a term deposit account for us for 10-30 years (for when retired age) or large amount into life insurance (as they don't tax life insurance but will tax you through the teeth for large amount in the bank).

    Some set aside to pay off taxes for the next 20 or so years.

    The rest to live off for as long as we can at around $80k a year, less if either of us working still and less once kids have left home, don't need as much income again then unless going to travel, would down it to 60k a year once retired

    5 mil divided by 80k a year equals 65.5 years or $80k/yrfor 30 years leaving 1.8mil for another 30 years at $60k at year and $600k for extra costs like medical etc, plus still have that other amount coming in from renting the unit, that certain amount set aside for taxes, the term deposit for retirement/certain amount in life insurance.

    So would be set for ages, would obviously be still living somewhere lower cost like here or 30ks out of somewhere like Toowoomba (so still close to a small-mid sized city but low cost and within hours of major city for hospitals and other stuff) rather than move to expensive capital cities where 60-80k a year goes way too quick.
     
    Last edited: Apr 28, 2014
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