It's more than a house. It's an adventure.

Thursday, June 22, 2006

$5 Million before taxes, you say?

Last week, I posted about what I would do if I managed to hit the lottery and my take, after taxes, was $5M. El Gee's original post was about $5M before taxes. He's since updated with his version of my post.

So, what if that $5M was before taxes, and we ended up clearing $1.25M after the IRS, the lump sum stuff, etc.? Well, the list wouldn't be too much different, just scaled back. We'd keep working for sure. Still set up the college funds, but only fund them at $50K each instead of $150K. Pay off those debts, replace cars, maybe skip the truck, boat & travel trailer. Put some money into the house, just maybe not as much. Then invest the rest.

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