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-   -   If You Won the Lottery What Would You Do With the $$$$$ (http://www.butchfemmeplanet.com/forum/showthread.php?t=2557)

alexri 08-11-2013 06:41 PM

Hire a lawyer and an accountant..

I would take the lump sum and not the annual payments. Although it's a much bigger tax hit up front, I'd rather the money be in my accounts, not theirs.

Then I'd...

Pay off any person debts.

Pay off the debts of very close friends and help with things like home ownership, or any personal needs.

Make sure my family members are okay- pay off their debts, set up accounts for people, etc.

Set aside accounts where I can live annually off the interest. Get a house close to the water/beach, perhaps near Ptown.

Travel. Lots of travel.

And have a large focus on charitable giving.

I do not want to reinvent organizations when ones that already exist and are doing a great job. I would find a way to support already-existing organizations as anonymously as possible. I'd like to set up an organization amongst trusted friends (letting them leave their jobs to work for me). They'd scour the internet/news for individuals and organizations that need financial help.

I would help out local, small, independent animal rescues and shelters, support massive spay and neuter clinics, and put no-kill shelters as a priority. I will not support the big national organizations that spend too much money on operating costs and advertising.

I want to help out LGBT organizations, again focusing on small groups that make direct change and help out individuals.

And I will look for news stories on the individuals that have been victims of really bad circumstances, sometimes at the hands of others, who really need help. Like when the LGBT homeless shelter in NY got flooded out by Hurricane Sandy- I would help. Or if I caught wind of a fundraiser for someone to help with the expenses of a serious illness- I would help.

I'd also like to do as many random acts of kindness as I can to people.. put a little magic and believe in hope in people's lives.

But I would want to do this all as anonymously as possible. My state does require lottery winners to be publicly declared. After that happens, I would take myself away from society as much as I could. Sadly there are too many stories of people going after lottery winners for money, and often for things that are wants, not needs. My rule to helping would be- I will find you, you don't find me.

I would also look into some kind of microloan system for individuals and small businesses, especially women and LGBT owned.

easygoingfemme 08-11-2013 07:20 PM

I'd consult a professional before deciding how to cash in.
Then, pay off my house and eliminate debt.
Get a new car. Nothing fancy, I only drive Honda.
Set up my daughter's college fund. Set money aside for when she is ready for a car.
Set up a retirement plan for myself.
Make sure my parents are set up for the rest of their lives, including making sure I have what they would need if they wanted to live in assisted living or have live in professional help at some time in their lives.
Fund some education scholarships for teen parents or or other deserving group.

Beloved 08-12-2013 04:25 AM

It depends how much. The first thing I would do would be to give money to my friend Kim's parents. She passed away 14 years ago from leukemia and they are still paying her medical bills. :(

Under 10 million I would probably still work.

Huge powerball type winnings would be different. I would be build a nice normal sized house with a lot of character. It would be unique and have everything top of the line. I don't want or need a mansion. Maybe even build another in a second location, like California or buy a nice apartment in NYC.

I'd like to live a relatively normal life. I'm not flashy. I wouldn't want people to know how much money I had just by looking at my lifestyle. I don't know if that is possible but I would try.

Oh, I want a maid!!! And a King Charles Cavalier I can name Nigel.

EmJay 08-12-2013 04:59 AM

Buy my parents a new custom built house. Currently own a 2 story, however my dad fell ill and immobile so he is restricted to the main floor, therefor they have turned the family room into their bedroom and both sleep downstairs. I would make everything custom to fit my dads needs and give them back the privacy and space they both so greatly deserve.

I would hire round the clock care for my dad, for some extra help to relieve my mom a bit.

I would send my whole family on a Hawaiian cruise, as my dad loves Hawaii but can not fly so this would be his chance to get there again and for everyone to have a nice family holiday.

I would go on another vacation with my parents to Myrtle Beach because it was always a dream of my dads.

Shopping spree in Paris & New York with my mama <3 Always been a dream of ours

Pretty much give everything to my parents to give my dad the best quality of life for his remaining time here and to help my mom out with everything. #BestParentsEver#FamilyLove#HappyMemories

Rockinonahigh 08-12-2013 09:16 AM

First I would pay off whatever bills I owe,the pay off my son's house and bills.Then would buy this three story colonial home I wish I lived in then move it out into the country on a couple of thousand acers,I know I could build the same house with todays improvements in building but the workmanship in the house can't be reproduced by many people.I would set up a no kill center for any animal who needed a home plus hire people who really care about them then pay them well for helping our furry frinds.I would travel,go to places I never have been.I know I would donate some to charity( Iwould be very picky about which one).Before I did all this I definatly would have a finace manager with a lawer to protect my holdings.One thing I may try out is sit back then see what happends.

Tommi 08-12-2013 09:28 AM

Watching ticket winn on TV,,,ahhhhhhh
 
Put ticket in wallet...
Put ticket under the mattress...,
or in the safe.
Hmmm, maybe tape it to the refrigerator, or microwave.

>>>>>> Give her the ticket.

Go back to bed and talk about it, her giggling, me teasing her, us :mohawk:dreaming about it all. :praying:

Queenie 08-12-2013 09:28 AM

I would pay off all my bills first. Buy my flat and stick a renter in it. Buy the most killer handbag from, Gucci. Hell, I might even buy the whole fall line! Uh buy a huge house in Primrose Hill. Give the interest I make from my winnings to a different charity every month. That one I really like. And mostly I would want to travel the world with my husband and make sure that my family members are set for life. I would want to do good things with my money. I couldn't live with myself other wise.


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