30% of the money goes to charity, 40% goes into the bank, 30% goes on things that I need such as tools or other necessary resources that I may need. Although if I do not need a lot out of the last % then I would split it between the charity&savings.
I would move to a small town beach area of Brazil and find ways to invest around the world to gain more income.
- set aside the tax amount needed to pay taxes on it - get a new car - pay off any existing debt - buy a small house (one that isn't so high in taxes each year) - set the rest aside for whenever I lose my job / emergency funding.
The key is to keep income coming in. The reason that there is a lottery curse is because people forget how much it costs to maintain all the "toys". Not only would a Bugatti veyron take away your mil in one shot (you would also have to borrow .3 mil for a base model), but insurance, fuel, and oil changes would cost a heap as well. Oh and to change all 4 tires cost about 20 grand.
Ah, simple math... Turn 1 mil into 100 mil. = Turn 1 dollar into 100 dollar = turn 100 dollar 100,000 and so on...
I agree with you, I'll buy some property, then I would have rented to someone else, so every month I get money from rent, and you must also know that the value of property never goes down .. so I Property prices will continue to rise, what do you think?
Renting is a tough game and there is a a lot to handle unless you use a property management company. If I had the choice I would rather own a motel or hotel than rent.
I would invest into something that would have value over-time, probably gold. Or, spend it on a new house, new cars, and help my parents.
I'll spend 100k. Save up 200k. And invest the remaining 700k into multiple online/offline projects. Never put all your eggs in one basket. Diversify your income sources. Also, one should never invest the amount they can not afford to lose. Investing business is a gamble... sure you can increase your odds of winning but that doesn't mean you'll never ever lose money.