1) Relocate-- at $550 mil, I'm set for life, so I would need to think about what to do with the rest of it. And I've always had this idea of raising my future spawn in a quaint little seaside village right out of a Stephen King novel (before the woowoo stuff happens, it's always so pretty!), in a New England small town where you actually have all four seasons in full force.
2) Buy a house, a huge rambling craftsman estate, or an equally large dutch colonial (a la Revenge mansion, but like half the size). It will have a secret garden on the grounds, like, well, The Secret Garden There will also be escape routes and doors in the floor and hidden hallways in the advent of the apocalypse. I think this also goes back to being a kid, I loved houses with little hideyholes, haha. Thinking something along the lines of $2mil.
3) Take care of my mom, she could either move with me and get her own wing of the house, or I can set her up in a nice little bungalow in one of those old people neighborhoods, but really, she would probably move with me, because hello? Mansion! I would probably buy my dad a 3 bedroom house and a top of the line pickup truck. So probably about 1/2 a million there.
4) Follow through on my lifelong promises that "when I'm rich" I would buy her a Louis Vuitton purse once a year.
5) Buy, for myself a brand new fully tricked out Bugatti Veyron Grand Sport in the sand bleu special edition
6) hire a personal trainer that will bully me relentlessly into working out every day.
7) Hire a maid so I never have to clean my room ever again
8) Buy my mom a brand new Chrysler convertible with heated leather seats and a hard-top.
9) Keep just enough to live on and invest the rest to make even more bank.
I have a handful of non-profits that I would give a chunk of change to, as well as all immediate family members would be millionaires AFTER taxes. None of that "Who Wants to be a Millionaire" approx. $500K-aire bullshit. I'd give money to a few schools in the area, too.
Pay off the little bit of debt I have, put myself on an allowance of $4,000 per month, and lock the rest away for one year.
Instantly having that much money, combined with the pressures of everyone wanting a chunk of it, is a recipe for disaster and excessive behaviour.
I'd give myself a year of having it, without tapping into it, just to get used to the idea that I have it. During the year I could make slow, responsible decisions about how to use it to make my life better and which charities to support.
Would be very tempted to take 50 thou and see what it felt like to just blow it on impulse ....
DivaEroticus wrote: Pay all my bills off, set my mother up very comfortably, and move back to Europe and buy an old house and some horses.
Mine would be similar.
I would set my parents up, then find some really beautiful place to have a small farm and share my land/space with some friends, or others who would like to trade helping raise plants and animals for living expenses, and a sense of community/family.
Now, if I was a BILLIONAIRE, I would build and support an animal sanctuary for all sorts of animals that were either homeless and/or abused, or injured and needing rehab, and try to have vet care for them. I would offer free or low-cost spaying and neutering, and vaccinations to people for their pets. That kind of thing. Not sure you could do that with Powerball kind of money, but if I ever own Facebook...lol....
It would only take a few million to satisfy all my needs and wants. Let's say $25 million. For the rest, I'd set up foundations to improve the health and standard of living of the poorest of Earth's poor.
I would give my mom, my dad, my brother, and my sister enough money to set themselves up well. Then I'd grab a few lovely models and travel the world with them. And maybe buy an island. I've always wanted an island.
If I had won (which obviously I did not), I would do the typical pay off debt thing first.
THEN I would have a super lavish wedding (but not stuffy...just awesome...think fireworks and lots of door prizes for guests for winning Minute to Win It games lol).
Buy an awesome house with a Cribs-style pool.
Set aside savings accounts for our kids for college and as a nest-egg for when they get older.
...and then I would figure out how to bribe Corey Taylor into hanging out with me for a day