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  1. #1
    Registered User Jacked46's Avatar
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    Question If you won the lottery would you drop out of school? (5 mil)

    Here's the situation:

    You win the jackpot prize of 5 million dollars, not something crazy like 300 million from the PowerBall. Would you drop out of college or even go to college if you had 5 million dollars to invest and grow? Or would you stay in school just because you like to learn?
    You walked away but you do this, you go to the bathroom, you get your phone, y-y-youu

    STOP IT , STOP IT!
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  2. #2
    Registered User 2stepmurder's Avatar
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    drop out start my own business, invest some, still be rich as phook
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  3. #3
    you fuken wot m8 bemyguest's Avatar
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    Would finish the school to not look like a retard with money. Would spend majority of time partying though rather than studying 24/7.
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  4. #4
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    would invest but stay in school and would drop out when I get to 10-15 millions, would still finish to get a degree thru, then continue to invest 24/7
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  5. #5
    I like turtles 🐢 nn586's Avatar
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    would drop out immediately, invest and never work again
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  6. #6
    Registered User shoelaces's Avatar
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    If I had 5 mil, I would start a yoga studio nearby a large university campus. Hnnggg all those fresh 18-22 year olds.
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  7. #7
    Buy high, sell higher. HMFIC_BROWSIN's Avatar
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    Hell yes. The safe withdrawal rate of investments for a retired person is 4% per year. 4% of 5,000,000 is $200,000.

    I mean chit, I'd be extra safe, withdraw 3% per year and just travel in an R.V. on $150k/year for the rest of my days.
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  8. #8
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    Originally Posted by shoelaces View Post
    If I had 5 mil, I would start a yoga studio nearby a large university campus. Hnnggg all those fresh 18-22 year olds.
    Not a bad plan.


    I always thought owning/operating a pool and/or being a lifeguard would be GOAT. I'm not talking about the trashy public pools that attract all the poor people. I'm talking about the nicer one's with coaches and stuff that cost like $150 per month for the membership.
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  9. #9
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    Yes would pay for bachelor's and master's degree srs
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  10. #10
    Registered User shoelaces's Avatar
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    Originally Posted by guest89 View Post
    Not a bad plan.


    I always thought owning/operating a pool and/or being a lifeguard would be GOAT. I'm not talking about the trashy public pools that attract all the poor people. I'm talking about the nicer one's with coaches and stuff that cost like $150 per month for the membership.


    You don't even need 5 mil. If you had 200k saved up you could easily open a nice, modern looking studio space. The beauty of a yoga gym is that you don't even need any equipment, just floor space. Make sure it is in a nice building with a trendy retro hipster vibe to it. You will be making so much money.
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  11. #11
    Banned Jacwald's Avatar
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    No I'll use it to pay or my school
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  12. #12
    Registered User zknarc's Avatar
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    Drop out of school? No way, heck if I never had to work again I'd probably do another degree for intellectual stimulation and interest. Going back doing education as a mature student would suck and be that much harder too.

    5mil isn't a massive amount of money in the context of costs for the rest of your life. I'd buy up a load of property and rent it out which is the way to make easy money over here.
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  13. #13
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    switch to business or finance major. learn about money. party hardy. you know how much fun college would be if you knew you never really HAD to work?
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  14. #14
    Forever aBOARD guest89's Avatar
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    Originally Posted by zknarc View Post
    Drop out of school? No way, heck if I never had to work again I'd probably do another degree for intellectual stimulation and interest. Going back doing education as a mature student would suck and be that much harder too.

    5mil isn't a massive amount of money in the context of costs for the rest of your life. I'd buy up a load of property and rent it out which is the way to make easy money over here.
    Most people will never earn 5 million in their entire life.



    Besides, as mentioned previously, you could essentially live in the top 5% of society without ever spending anything other then returns on that money if you invested it.
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  15. #15
    2012 Transformation Fit1NYC's Avatar
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    Go to school part time and let everyone know I'm rich and rail undergrads fortune next few years on rotation. White vag only
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  16. #16
    Registered User shoelaces's Avatar
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    Originally Posted by Fit1NYC View Post
    Go to school part time and let everyone know I'm rich and rail undergrads fortune next few years on rotation. White vag only


    Location: NYC


    Or just buy a medium sized apartment with that 5 mil.
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  17. #17
    Registered User azerty23's Avatar
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    would never go to school or work again
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  18. #18
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    i fi win the lottery, I wont pay any of my bills off.

    what are they goona do, ruin my credit? lol
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  19. #19
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    Depends if I'm close to finishing the degree or not

    I already graduated but I'd definitely drop out of work for $5m. Hell I'd quit for $500k






    Let's be honest, I'd quit for $50k
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    Registered User Jacked46's Avatar
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    Originally Posted by guest89 View Post
    Most people will never earn 5 million in their entire life.



    Besides, as mentioned previously, you could essentially live in the top 5% of society without ever spending anything other then returns on that money if you invested it.
    That's what I was thinking. Putting a lot of that 5 million into a CD account or an index fund. Then you could easily live off of it.

    But like someone else said, maybe buying real estate and renting out your houses could make you even more money.
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    Originally Posted by Fit1NYC View Post
    Go to school part time and let everyone know I'm rich and rail undergrads fortune next few years on rotation. White vag only
    this.

    would go to school to become a phys ed teacher
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  22. #22
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    Originally Posted by HMFIC_BROWSIN View Post
    Hell yes. The safe withdrawal rate of investments for a retired person is 4% per year. 4% of 5,000,000 is $200,000.

    I mean chit, I'd be extra safe, withdraw 3% per year and just travel in an R.V. on $150k/year for the rest of my days.
    this, 5 mil is more then enough to set you up for life
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    So its 5 million after taxes or before.

    I guess at the end of the day it doesn't matter in my position. I wouldn't even quit my job nor tell anyone I won. Would get a house in a nice neighborhood pay off all debt put 250k in savings and then invest the rest and pay for everything else with my standard wages (6 figures already). 5 million is enough to LDAR but not enough to be baller status.
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  25. #25
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  26. #26
    Fuk Alvarezzz's Avatar
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    Seeing as what it looks like most colleges have become, I'm sure most people would opt to start their own businesses. I would have done it back then, but for a different reason that I would now.
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    Registered User shoelaces's Avatar
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    Originally Posted by Omnivium View Post
    Depends if I'm close to finishing the degree or not

    I already graduated but I'd definitely drop out of work for $5m. Hell I'd quit for $500k






    Let's be honest, I'd quit for $50k


    $50k is not enough to change your life. However $500k is plenty enough money to set yourself up for life.

    I think owning your own business in a niche field is the best way to make money. I have been saving money for the past 10 years to buy a house but now I am just going to start my own business...eventually.
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  28. #28
    Registered User thorpowers's Avatar
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    Would invest 100% of the 5 million. Conservatively would be earning ~10% a year via capital gains. Would live the lifestyle of someone that makes 500,000 a year and never touch the principle.
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    i'd invest 2.5m in rental properties, giving myself passive income for the forseeable future.

    id prob give 1m to my immediate family who have put up with me

    1m put in bank

    400000 to go back to school and finish degree

    100000 for nose beers/booze/whores
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  30. #30
    Registered User LMAOatYou's Avatar
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    I would never work another day in my life if I got 2 million cash post tax

    Originally Posted by thorpowers View Post
    Would invest 100% of the 5 million. Conservatively would be earning ~10% a year via capital gains. Would live the lifestyle of someone that makes 500,000 a year and never touch the principle.
    10% ROI is not conservative
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