Instant Millionaire's

It seems like everybody is talking about the obsessively large mega millions jackpot tonight, myself included.  I don't usually play the lottery, but like most Americans, when the jackpot gets over $200 million I start buying tickets.  Today's jackpot was most recently increased to $355 million, an astounding sum.  The thought of being a hundred millionaire overnight is mind numbing.  It's easy to fantasize about what you can do when money doesn't matter.  You always hear the horror stories about lottery winners going bankrupt, but those are the only ones you hear about.  The winners that are smart with the winnings kind of fade into the sunset, never to be heard of again. 
You should be able to spend some of the money though.  You'll need to splurge, you have to get it out of your system.  In my opinion, you should take 10% of the winning and just go buy shit.  It can be boats, houses,  cars, a new wardrobe, or whatever your heart desires. 
Before you spend the money though, you'll need to hire a good money manager, preferably with a reputed company so you don't have to worry about embezzlement.  Have the money manager place 25% of the winning's in stocks and bonds to insure that you're well taken care of into the future.  He can also ensure that the 10% you're spending on whatever you want is readily available.  The next major step is eliminating all of your current debt, but I don't see that taking up much of hundreds of millions of dollars.   
That only accounts for 35% of the winnings, what will you do with the other 65%?  A friendly gesture would be to donate a large portion to charity, and I agree with this.  However, I don't think you should just give it to a specific charity, I would recommend starting your own non-profit charitable foundation.  This would be beneficial for a tax purpose for years down the road.
I would also create a for-profit corporation, and then use that company to invest in other potential business ventures.  I'm lucky on this part, I have a lot of highly qualified friends that have a broad range of expertise and are highly qualified to run their own business.  This is also another potential source of future income to go along with the capital gains from the stocks and bonds that were purchased.  Also, if you start a business it will need building to operate out of, so this leads to the investment in land and commercial property.
Finally, have your money manager put you on a bi-weekly allowance, like a pay check.  It's not like you'll need to make any large purchases (that's what you blew the 10% on), but enough to take care of your day to day expenses.
And just like that the money is gone!

Thanks for reading,
Dustin Dominiak