As you might have heard, this year’s Nobel Prizes were announced this week. In addition to the prestige of winning, when the Nobel laureates collect their awards in December, they will also collect cash prizes of 8 million kronor ($1.2 million). If a pair or trio wins a prize together, they share the money equally. If an American wins it, the take-home after taxes is $768,000.
According to the article linked above, most winners use the money to take care of the important stuff, like mortgages and their children’s college funds, but others donate the money to charity. Some also do something fun, such as the British 1993 laureate who built a croquet lawn in his yard.
So pretend for a moment that there’s a Nobel prize for blogging or Facebook status updating or Twitter tweeting or Pinterest pinning or whatever it is that you are awesome at. You’ve just won that money. What are you going to do with it?