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• Ian Ross

  

  • 270 posts
   

  November 13, 2011 3:26:11 PM EST

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  Ok, you're not really but if you were, and like Pius Heinz you were just handed a little under $9 Million Dollars for a first place finish in the WSOP Main Event, what would you do with the cash?

   

  I'll have a think and post my thoughts later.

• Ronin1085 .

  

  • 417 posts
   

  November 14, 2011 9:21:22 AM EST

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  1. First I'd pay the person who staked me their cut. (I'm not going to pay 10k to battle 8,000 people).  So that leaves me about 4 million.

   

  2. Then pay the taxes which then leaves me about 2 million.

   

  So the real question for me would be: "What would you do with 2 million?"

   

  1. Pay off bills -- but since I don't have very many, then that's not a bad hit.

  2. Maybe give my Dad and Sis a bonus (no more than 50k a peice) I am frugal, but want to help out some.

   

  That leaves me about 1.9 million.

   

  3. Pay off Lori's house -- another 60k

   

  Down to 1.3 million.

   

  4. See what free-rolls sponsers will give me to tour being the WSOP Main event Champ. Do that for the first year. You basically only get one year in the spotlight until they move on to the next champ. Joe Cada who?

   

  5. After that, defend my title and most likely bust out early.

   

  So back to my 1.3 million.

   

  6. Travel a bit, maybe even rent a place in Vegas (which is real cheap these days because the housing market sucks there) estimated cost: 100k

   

  Down to 1.2 million

   

  So is 1.2 million left life-changing? not really, but it would be a fun first year. After that, I'd have to be very smart with it, and come back to reality.

   

  --on a horse.

   

  :)

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

• Ian Ross

  

  • 270 posts
   

  November 14, 2011 3:41:24 PM EST

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  mmm..... That's probably about as exciting as mine!!
  
  Not sure if I'd have to pay tax on my WSOP winnings, would I? I'm not a US resident so I might only have to pay the UK tax rate on gambling winnings. That would be good because it's 0% over here!! :)
  
  Ok, so then I'd pay off the mortgage which isn't a lot so still about $7.9M left.
  
  I guess put away something for the kids when they're older, say $500k each that they only get when they're 21 or something. Down to $4.9M.
  
  I'd put a million or so to charities, a couple million in the bank in cash.
  
  I'd take the rest and invest in some high risk stocks/shares for the hell of it.
  
  What I'd do then is give up the poker and do charity work. No point in wasting any. No more wages for me, just donate everything else I make and work for free!! That sounds good to me.
• Ian Ross

  

  • 270 posts
   

  November 14, 2011 4:34:07 PM EST

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  Oh yeah, and the player that staked Ronin..... that was me.  He won it the year after, so that's another $4M in the bank!!   lol

  
  This post was edited by Ian Ross at November 14, 2011 4:34:07 PM EST