What would you do?

[JerryB]

Lying in bed and thinking about what could be.  What if you won the Powerball jackpot?  Golf or otherwise, what would you do?

I'd like to think I would be smart about it, but I already make bad decisions when buying road trip snacks.  So I'd likely get the annuity if only to protect me from myself a bit.

Then I'd think about getting lessons like everyone tells me to do.

[Shapotomous]

8 hours ago, JerryB said:

Lying in bed and thinking about what could be.  What if you won the Powerball jackpot?  Golf or otherwise, what would you do?

I'd like to think I would be smart about it, but I already make bad decisions when buying road trip snacks.  So I'd likely get the annuity if only to protect me from myself a bit.

Then I'd think about getting lessons like everyone tells me to do.

@ the lessons part!

I'd buy a golf course.

[MattF]

1 hour ago, Shapotomous said:

I'd buy a golf course.

How do you have $1,000,000 after buying a golf course? Start with $3,000,000.

I was talking to the owner of my course the other day and I can't believe how much everything has gone up, one of the reasons he doubled the membership fee.

[Kenny B]

56 minutes ago, MattF said:

How do you have $1,000,000 after buying a golf course? Start with $3,000,000.

I was talking to the owner of my course the other day and I can't believe how much everything has gone up, one of the reasons he doubled the membership fee.

 

2 hours ago, Shapotomous said:

@ the lessons part!

I'd buy a golf course.

I re-upped our membership for next year at the muni we play.  I was pleasantly surprised that it was about what we paid the last two years.  

With what the pro and the super has to put up with to maintain the course and all the bitching people do (guilty!), I would not want the headache.  Maybe I'd buy a membership in Troon or TPC and travel to play whichever course I want.

[fozcycle]

This month my membership increased $110/month…….looking for alternatives.

[Tom the Golf Nut]

My long term power ball dream was to purchase a golf course and a Mc Donald's.  McDonald's will always generate money to help when golf is slow.

11 minutes ago, fozcycle said:

This month my membership increased $110/month…….looking for alternatives.

Foz, stop your crying I have no idea what mine is going to! We are moving and my wife was the accounting person at my course. When you are used to free for 16 years this move will hurt. How can I calculate the percentage increase from zero to who knows? But my calculations show I saved over $61,000. Got to find my wife a job at another course. 

But $110/ month increase is robbery. I would be shopping too!

[fozcycle]

3 minutes ago, Tom the Golf Nut said:

My long term power ball dream was to purchase a golf course and a Mc Donald's.  McDonald's will always generate money to help when golf is slow.

Foz, stop your crying I have no idea what mine is going to! We are moving and my wife was the accounting person at my course. When you are used to free for 16 years this move will hurt. How can I calculate the percentage increase from zero to who knows? But my calculations show I saved over $61,000. Got to find my wife a job at another course. 

But $110/ month increase is robbery. I would be shopping too!

Thanks Tom, golfing for free is the ultimate dream.  

[Shapotomous]

13 hours ago, Kenny B said:

 

I re-upped our membership for next year at the muni we play.  I was pleasantly surprised that it was about what we paid the last two years.  

With what the pro and the super has to put up with to maintain the course and all the bitching people do (guilty!), I would not want the headache.  Maybe I'd buy a membership in Troon or TPC and travel to play whichever course I want.

Ummm...in this fantasy i just won close to $2B.  Do you think there will be other members at my golf course????  There will be me and whoever i invite and thats it.

And there will be a staff that will have to deal with the normal headaches of maintaining a course so i wont have to.

My first hire will be golfspy_cg2 so i can try out all the clubs he orders with his fully funded equipment budget!!

[ED13]

I would steer clear of any type of business in the service industry including golf courses.  Currently too much trouble finding enough quality employees.

I would put everything into buildings and property in large metropolitan areas.  Set up a property management company to handle issues with rent, leases and maintenance.  It might take at least a few years to find the right people.

[MattF]

In all honesty, what would I do?

Take the cash payment and have a fiduciary invest it for me after I've put about $15M in the bank for spending on family and myself. Buy a house in a warmer climate and travel between the two and probably a new car every 3 years. Live off the interest from the investments and set up my family for generations.

[JerryB]

1 hour ago, MattF said:

In all honesty, what would I do?

Take the cash payment and have a fiduciary invest it for me after I've put about $15M in the bank for spending on family and myself. Buy a house in a warmer climate and travel between the two and probably a new car every 3 years. Live off the interest from the investments and set up my family for generations.

I didn't really answer my own question but this is pretty much what I would do.  And in a few years, once my youngest graduates high school, my wife and I (and the kids if they're interested) would likely do a ton of road tripping.  We'd stop at golf courses, museums and whatever else struck our fancy.