Discussions

$1 million for me, $1 million to give away.

Enough to buy some land and have a house built for my Mom is enough for me :D

For me, about $1,000,000. It would build a new house for us and new vehicles. Also be able to add most of the rest to a savings account for retirement.

Hundreds of million for me!!! I would use to help families in Syria to get somewhere safe. To feed our Nunavut families. To keep food banks everywhere full. To help find a cure for ALS. To experience the joy of sending my foster children to Disney World. ...and to build a Costco in Brandon

I think I'd keep the first 5 or 10 million & invest the rest in my community.And Don't be in too much of a hurry to give it all away.Do help your community/family/friends but set limits to your generosity.  
Remember no matter how big your heart is for those in search of a better life, it is impossible to help everyone.  
You'd be surprised how many long lost friends or "people you owe" will come out the wood work & try and talk you out of your money.  
I think mostly we all need a little nest egg, and not a mansion to stash our jewels in.  
 

10 k lets you do something nice.  
100k improves your financial status  
1 million lets you retire much earlier.  
2 million you can retire now.  
10 million makes a huge difference to you AND your close family.  
20 million and up makes a big difference to your community.

It all depends what you want to do. Do you want to retire and live off the winnings? Do you want to just use it to boost your current life and set yourself up for retirement down the road?  
 
I'm in my early 30's, and if I won $1,000,000, no way would that sustain me. I'd be completely debt free and buy a few new toys, at which point I'm going to have roughly $600,000 left. Back to work I go, because I need to work to support myself still.  
 
In order for me to not have to work anymore, I think it would have to be at least $25,000,000. Anyone my age who thinks they could retire after winning $1,000,000 is fooling themselves.

your spouse will take half. LOL

I have won the life lottery!  
I have a husband who loves me, 5 beautiful grown children, 2 daughter in laws to be, 1 son in law to be, 3 grandchildren, parents that are still living, 2 grandmothers one of which will be 99 this Sept and a cat!!  
I spend most of my free time volunteering.  
I don't need a fancy house, car, cottage at the lake, boat etc etc to feel like I have won the lottery. I already have!!

10 million for me...I have lots of plans!

How much is enough depends on a lot of things , your age is a big factor , at my age 1 million would be lots .. if I was 20 maybe not so, unless I was willing to live modestly and invest it wisely ... but then you might miss out on a lot of living as tomorrow is not guaranteed ..

would do it.  
 
I am minimalist, so that's plenty.  

One of the richest man in Egypt has offered to buy one island from Italy or Greece to build a new country for recent immigrants and refugees.  
I would like to do same or something similar if I win a big lottery or be that rich. Build a county that does not need any court, police, lawyer or jail. All respect and peace among people living there. Is that all possible?  
Probably not because I do not buy lottery tickets!  
 
 
 
 
 
 
Edited by Deb1, 2015-09-05 16:07:32

$10,000 would be a game-changer for us!

For me, $50,000 would help a lot. Of course, I'd still have to work. I'd still have to work at $500,000, but it would help a whole lot more. One million would be real nice, but five million would be better.

Sam5 said "10 k lets you do something nice.   100k improves your financial status   1 million lets you retire much earlier.   2 million you can retire now.   10 million makes a huge difference to you AND your close family.   20 million and up makes a big difference to your community. "

this list is pretty accurate but the retire now amount would change with your age and lifestyle desired, for me i would change the amount to a minimum of 5 mill before i would consider retireing

Thats a bang on assessment of how much is enough. 1 mil would do it for me to retire, but I only have 5 years to go.