What would you do if you won the lottery?
What would you do if you won the lottery?
The Powerball lottery is up to $1 billion tonight. If you won it, what would you do?
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Let's be a bit more realistic, I won 1 000 000 €. I would donate most of the stuff:
- Transfer 500k € to the National Bank of Ukraine;
- Transfer 70k € to nonprofits in my city;
- 30k € goes to spread the message of FOSS and Linux to Lithuania. That includes:
- Establishing and maintaining a nation-wide open-source social network, primarily targeted for IT
- Funding to FOSS projects in Lithuania (I don't know any ATM, though)
- 100k € goes to global IT non-profits, such as:
- Wikipedia;
- Lemmy and the Fediverse;
- The Linux Foundation;
- et cetera.
I am left with around 300k € that I'd use for myself.
Non-capital (leisure and hobby) (40k €):
- I'd like to have some free time/make my close friends happy, so ~10k € for that.
- Also, I'd like to travel to Japan, meet ZUN, have some alcohol-free beer with him. 10k € for that.
- 10k € for travelling (leisure) across Europe (incl. attending FOSDEM).
- Knowing myself, I'd really have some mad and stupid ideas appearing in my head, 10k € for that.
Capital/investing (260k €):
- I'd definitely have to buy an accomodation in Kaunas or Vilnius (I hope it's not Vilnius) if I'd like to continue my career in IT, so 100k € for that.
- Education (in a period of 3 years) (10k €):
- LFCS/LFCE courses
- Advanced mathematics and algorithms courses
- Professional soft skills training
- 10k € is reserved for a black day, unused.
- 15k € of non-profit network infrastructure (hosting FOSS projects) (incl. maintenance for 4 years)
- 15k to have an individual for-profit business.
- Distributed investing (90k €, incl. investor costs)
- 20k is another buffer money for household expenses.
Kaunas or Vilnius (I hope it’s not Vilnius) if I’d like to continue my career in IT, so 100k € for that.
That's cheap as fuck. Is it even realistic, and then you're going to go back to work?
I’d really have some mad and stupid ideas appearing in my head, 10k € for that
How are you going to implement any mad ideas when you essentially have to return to your full time job to survive, once giving 5+ years of salary to Ukraine? Absolutely terrible plan here.
A better plan (in my opinon only) would be to buy the properlty you want, or put the whole 1m in a pension index fund, then immediately retire, taking a 50k per year salary for life (well based on historical average stock market return). Then living in people's air bnb's across Europe and Japan contributing to FOSS projects. 50k per year will pay for education, allow you to pay into charities and make FOSS donations depending on how you live.
once giving 5+ years of salary to Ukraine?
We have much smaller purchasing power here. Programmers' salaries for Junior Developer are at around 20k to 30k a year in Lithuania and up to 50k a year for Senior developers, and this is only if you are really lucky.