Soooooo......

[Alex]

Originally Posted by Ghoulish Delight

While it may be tempting to go out and drop a load of cash for a new house or new car, in reality it makes a lot more sense to get a loan at the ridiculously low rates available to people of extreme wealth, then take the money you would have paid for the house and invest somewhere that beats the interest rate on the loan.

I 80% suspect that if I won $500 million in the lottery I'd probably end up just dumping it in a checking account never getting around to doing anything with the money.

Then the bank would fold and I'd get to keep $250,000 of it.