Let's pretend you won $1,000,000, and you get to keep it all, and Uncle Sam isn't taxing the shit out of it. So, your bank account now has one million dollars more than it had before.
What would you do? How would you spend or use that money?
I always think this is an interesting question because $1,000,000, while it is a lot of money and certainly would be life changing, isn't enough to really retire on (unless you're already nearing that age). But for someone in their teens, twenties or even in their thirties (hello) it might not be enough to really set you up for life, unless you spend/invest and use it wisely.
I think about 1/8th would go to family, to pay off any remainder owed on vehicles or house to reduce the financial burden on them and make retirement sooner/easier.
I'd probably spend $100,000 or less for as much off-the-beaten-path acreage that I could find, mostly wooded, preferably hilly. Probably cost another $50,000 or so to have a driveway made and paved. I'm not sure how much it'd cost to do some basic low-end fencing around the property (low fencing, namely to keep ATV riders out and to make it obvious for anyone trespassing that they're trespassing. It'd be open for animals to pass through the bottom and deer can jump high so not worried about that). Then I'd want a small, modest cabin. 800 - 1,000 sq/ft, nothing major. My piece of shit vehicles are paid for, but I wouldn't mind maybe spending enough to pay off a nice pre-owned Toyota truck or maybe even a new one.
Then, the rest would go into the bank or invested. I'd continue to work and put money away for retirement, but with a house/land/and a vehicle that'd last me 20-30 years paid for, I'd be very 'well off' and be able to live modestly and within my means and retire by 50 or so, with plenty of time life to enjoy hobbies and life, assuming what I saved/invested continued to grow.
Might leave work and society for a year to go kick the dirt around along the Appalachian Trail or bagging 14'er peaks out in Colorado or something, but other than a modest house, a practical truck, and taking care of things like that I think I'd continue to do what I'm doing now.
What about you?