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If You Won the Lottery What Would You Do With the $$$$$
I am wondering how many here play the lottery on a regular basis. And what games do you play?
And what would you do with your winnings say if it hit $10,000,000 net? |
If I won the lottery, I'd definitely hire that accountant as well as a lawyer. My inclination would be to pay off every debt I owe and then invest a large amount. I'd help out family members, and then fix up my own house. I know my lifestyle would change, but I can't really see quitting my job altogether--working is something I love and it grounds me. I'd probably work less hours so I could travel more, and spend more time with family. I don't think I'd be the person that spends it all and ends up broke.
I don't play regularly. Once in a while, someone gives me a scratch-off ticket, and sometimes, on a whim, we buy a Powerball ticket. Never won more than a few bucks on a scratch-off. |
Id be gone so fast!!!!! Would so be payin my exs bills since she got fired for a broken leg!!!!! That would be me gettin my foot back in the door with her!!!! Takin care of her and our kids..i say our cuz they will always be mine as well as hers..even if i dont get to see them
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Oooooh this makes me feel good. Seeing so many (percentage-wise) say they would hire an accountant. :D PM me when you hit and I will be glad to offer my services.
If I were to hit, I said I would cash the ticket and dissapear, and I said move to an exotic location. I would probably also quit my job for a while, but would eventually volunteer or work at something I love but that doesn't pay well. A |
I also chose the "cash in and disappear" option. I would definitely do a lot of travel, before choosing a place to build a custom home. I would also give a lot to family, and make sure that my son would be well set for life. I don't think I would work a full time job, but maybe part time at something I enjoy since money wouldn't be a factor. I like different kinds of volunteering so I would do that as well as take all the college classes I always wanted to take. The possibilities are endless... :)
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First I'd go into shock
Second I'd likely hire an attorney, don't need an accountant I can count my own money. Third I do something for family and a few friends Fourth I'd look for some land to buy, probably in the mountains Fifth I buy a new Tundra a new boat and I disappear for quit a while fishing to my hearts content Sixth when fishing season was over I'd go to that land in the mountains and build a log cabin and hunt all winter. |
I would :
Buy me a brand new fully loaded Chevy Truck...It would be dark blue with the prettiest rims on it.. And a nice stereo system I would buy my land that my mom left me back from my uncle and build me a home with a pool in the back I would give to my friends who have always been there for me over the years I would donate to charity I would invest some I would put the rest in the bank And not quit my job :) |
If I won the lottery,I would...
Get an accountant first Pay off my fue bills,then do the same for my son. Give my son enough $$ he could do some of the things he has wanted to do,then bank the rest.He is like me on saveing bucks. I'd buy me a kentucky horse van with liveing qarters,a really nice horse to show..then i'd hit the road. At some point I would buy a huge horse farm.Not that I would need that much room..but you cant hardly ever go wrong owning land cuse the price keeps going up. Buy stocks. More later ..coffee is waiting. |
After I recovered from the shock; I would hire an accountant with expertise in investments. I would buy some land up in the Blue Ridge Mountains of Western North Carolina and build a totally eco friendly home complete with solar panels enough that I would be able to see power back to the grid. The house would have a few guest suites for visiting family and friends.
I would donate some to charity and some to my kids. I would not quit my job as I am retired and a full time artist. I love the answers here!!! |
If I won the lottery...
I would pretty much pay all the bills off and some friends that are important to me, as well. It would be a toss up between buying an older hotel and renovating it. I would hire a bunch of people to help run it, which is important. My toss up would be if I would take in the homeless? Or I think I would prefer to take in the GBLT people that are in need of shelter and medical attention. I would want to help shelter them until they could get back onto their feet, offering schooling, medical attention, Job training, and of course the basics of food, clothing and attention. Once I got that going, then I would perhaps take a little vacation, but then again, perhaps not, because I would be also attending to my tenants needs. So basically I would still be working. Tis what makes me happy anyway. The rest would be invested so I can keep my dream going. |
Blaze you get huge points!!!!
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I would get advice FIRST from accountants and lawyers before I cashed in the ticket, so I wouldnt make a mistake and lose any portion of the money I didnt have to, just because I didnt know better.
I would then go on a spending spree. I would buy new furniture, new carpeting for my house and fix up some of the little things in the house. Outside I would put up new fencing, and set up the garden of my dreams! I would buy a navy blue or forest green truck, with matching horse trailer, and one really nice horse and board it where i didnt have to do the work..lol I would give my daughter the wedding of her dreams and a honeymoon, and a house of her choosing. i would pay off all my sister's debts. And mine of course. I would donate to these charities: Cat Ladies Society, For the Dogs, Hog Heaven Rescue (for horses too!), Newfoundland Dog Rescue and Newf Mix Rescue and our local Pride Center I would travel to Europe and Africa I would subscribe to all the magazines I love but cant afford to buy anymore I would take my entire family on a vacation I would buy a couple more newfs I would buy clothes, make up and perfumes..which I havent been able to buy in three years I would the local catholic church that just closed down and turn it into a social service program for youth in my town, and establish a college scholarship program for children who complete the program I would establish a retirement fund for my kid that would build over the years I would go see the chincoteauge ponies I would order the midieval garb I always wanted for my re-enactment group I belong to I would decide not to take most of it with me..but leave enough behind for my daughter to have, when I die |
I would donate a portion to LGBT charities that I hold dear here in the Houston area.
http://www.assisthers.org/ http://www.legacycommunityhealth.org/ http://www.ersicss.org/ WT |
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1. Find and retain a financial advisor and lawyer 2. Distribution of funds into various accounts: retirement, savings, investments, debts, charity, family/friends, mine, Organic's, mine and Organic's, travel, fun and frivolity, and miscellaneous. 3. Quit jobs 4. Buy a home here in Austin and one in Washington and maybe one in Florida and furnish said homes appropriately 5. Set up a foundation for kids that fall through the cracks in the system and set up the necessary arrangements (land, permits, building, educational means, etc) so that they could live on a large platt of land, complete with house of worship (all denominations), garden and greenhouse, barn complete with animals saved from glue factories/labs/shelters/etc, a giant house, a fully equipped gymnasium, and homes for their caretakers and the caretakers of the animals as well. There's more (traveling around the world, learning new languages, visiting friends and family, etc) but it's Christmas and my honey has never seen Jim Carrey's The Grinch, so I must rectify that immediately. Peace! |
Supposing it was some mad money amount so I wouldn't do my usual worry about being frugal and planning for the future, blah blah blah
Of course I would do the responsible stuff first, establish a trust for myself and my dearest ones so they wouldn't have to work and really couldn't touch the base capitol unless it was life or death. Pay off my student loans and become debt free. Once all the mundane stuff is over then. . . . . I would quit my job and go to school full time to become a midwife/midwifery teacher. I would buy a Gypsy Vanner horse or a draft pony and some fine quality tack, not flashy but the good long lasting comfortable for horse and rider kind. I would build a smallish art nouveau inspired log home on beautiful property with a great barn with an apartment and a climate controlled indoor arena, where I would hold master classes and seminars from innovative and wise horse men and women. I would get a 1952 T-bird (the little ones) aqua and cream and a good, clean, stock, older pick up truck, like from the 1970s. Unless circumstances dictate otherwise I would wear, velvet, leather, silk, linen, soft wool and fine Egyptian cotton -simple, high quality clothes that will be comfortable and durable. I would set up a scholarship fund to buy cute clothes for fat college kids. Another to help with surgery, or buy binders and what have you for transmen and gender queers in need. I would set up an endowment for the "Heifer Project", my home town's art museum and library to keep them open. As an annex to my small house I would have one of those dreamy libraries, with floor to ceiling bookcases with ladders and a secret room and big comfortable chairs and library tables. In another small annex I would have a medium sized glass green house so I could grow orchids, ferns and other beauties as well as leaf mantises and butterflies. These are my wealthy imaginings |
In a nutshell ....
Hire an accountant, a lawyer and invest.
Set aside a nice nest egg and we'd "retire". Make charitable donations. I'd have our dream home built on some very expansive farmland. Mare could shop to Her heart's content. We'd vacation a lot. Family and friends would probably have to be beaten off with a stick, but they would be taken well care of. |
Just saying:
This should have an "OTHER" button on it because how it stands, you need to choose one or the other. I wouldn't personally pick just one. I would; Make sure the meeds of those I loved are taken care of. That my needs are met..not anything extravigant either. Then invest in property in vacation rentals..in arkansas. To keep money flowing. And create an animal shelter..no kill. Also buy a building to house battered woman. And help them rise again. And if there was anything left, I would invest in the youth programs for the tenn lgbtq services to help them. And the homeless teens to have what they need in our area. |
I'd run the hell away. for real. *poof* see ya. :sunglass: :byebye: |
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Actually, the poll's set up so that you can pick as many as you'd like. Great ideas. |
First, I would donate a portion to a few local charities, then a lil something something for my friends and family. I would sell my house and buy one on the intercoatal waterway, complete with dock and boat, and last but not least, spoil my girl with everything she wants, needs, desires and deserves.
see ya later, off to buy a ticket.. haha |
I would definitely cash it and disappear. I wouldn't want a bunch of strangers calling and writing for money. Me and Rufusboi would hit the road. I would love to just travel and live in hotels for a while or rent a place for a few weeks here and there. A few weeks in Greece, a couple of months in Italy :) I would definitely quit my job. The Cunard Line has a round the world cruise. I've never been on a cruise and not sure if I would like it, but I think I could handle sailing around the world for 6 months in a luxury suite :) You know, with a lottery win I'm going to book the biggest one they have. Oh and I would pay off my student loan and mortgage and hire someone to take care of the cats while we were on the road.
Melissa |
I'd be very very selfish
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I play Super Lotto and Mega Million here in California. If I win big, I am building a Bed and Breakfast and camping Resort here.. My dream plans are a wish to live among the tall pines, and sunny skies, for the birds and critters to sit on my porch when I paint and sculpt. For others to be able to come and relax among the beauty of nature. With a zillion dollars, it would be a place for those like me, their families, friends,a nd animalas, with the need to just be there, and get away from the rat race and concrete jungles of existence. Of course, I would be the pilot to come and gettcha in my private jet. :pendulum::pile: :artist: :flyaway::flying::flyingmonkey: |
Save some, spend some, give some away, and move out of the country. Figuring out the financial part and how to protect my privacy is kind of a given; why would someone not do that?
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Mega Millions hit 200 million a few minutes ago. I admit a few hours ago I plunked down a few $$$$$ to play it. Two cards for instant payout of 120 million cash. I also played a few $$ on Fantasy Five which is at 250k! Wish me luck as I wish all of you luck in your endeavors!
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I dreamed last night I won the lottery. Sadly not the jackpot, but $5k. By the time I woke up, I had already paid off my Dell account with its sad 25.99% interest rate, paid off a third of one of my two credit cards and taken the two kittens in for their (late) first visit and a spay/neuter. It was a feeling of relief. Maybe it was just a relief to know that as little as $5k would solve the immediate problem of needing to get the kittens fixed, plus add about $80 back into my monthly budget. Even though I woke up to discover I didn't win, the feeling of relief stuck with me. Maybe there's a way to make $5k on the side somehow. God knows how, since my job exhausts me (though I love it.)
But today I let myself fantasize about winning the jackpot. I think that's the main fun in playing the lotto - to buy the fantasy for a few days time. And the powerball is up high enough now, that I can fantasize without the restrictions of a smaller jackpot. It would be so very satisfying to pay off my debt. My total official debt load right now is $278k - though thankfully more than half of that includes two homes my ex-husband got in the divorce and for which I do not pay, $45k is student loans (and if I continue working for a non-profit or the government for the next 10 years, the rest will be erased under the public service loan forgiveness program) and the majority of the rest is my home mortgage. Only about $13000 are credit accounts - which still sucks but it could be so much worse. Oh, and my medical bills from my gallbladder surgery last year. Anyway, to get out from under all that debt - including my ex-husband's mortgages - the sheer relief would be amazing. Then to pay off M's debt would feel just as awesome. Then to pay off my mom's and dad's debt - would make the world feel very clean and clear. And to set up a regular account for both my parents with weekly deposits for life. And to pay off the rest of my family's debts/mortgages. And to get good, well-running vehicles for my sort-of niece, for M, for my parents, for my brother. To pay off my friend Shay's medical expenses from an early and unexpected and ongoing bout with congestive heart failure. And to find my homeless high school ex-boyfriend (if he's still alive) and at least buy him a new set of eye-teeth. Those are the things that would make me feel more like life was okay - the things money could buy. And for the more selfish part - I would probably quit my job, spend a few weeks being pampered at some sort of spa, begin a regular diet of mani/pedis, laser off all annoying hair, get a new (old) house with some acreage and a lovely home gym, hire a professional organizer, an ADHD coach, a tailor and a maid. Buy organic happy food from ethical people, get some awesome therapy and further investigate the medical possibilities for restoring my sense of smell. And maybe go to dr. Amen's (rather controversial) ADHD clinic to get brain imaging done. And I suspect I would spend a lot of time online, would donate to Bfp and go to all the reunions. And once all the mania of winning settled down, I'd probably go to grad school. For the pleasure of it. And get a useless degree. And maybe write. Heh. And donate towards things that I'd like to donate to now: planned parenthood, hrc, that offshoot of the occupy movement that's buying up old debts and canceling them. It woud be a grand old time. I think the only hitch would be that (especially that much) money can amplify one's problems too - and alienate a person from friends and loved ones. I remember realizing one day that if I won the lotto, I would probably lose the friendship of my best friend no matter if I set her up well enough not to worry too much about work. But I lost that friendship anyway, so now I guess I could enjoy winning with less guilt. Heh. So though not complete, that's my lotto fantasy of the week. |
Ive always said that if I hit big lotto like this week's Powerball, I would have an agenda of things to do like helping family members, charitable organizations, etc. No one could spend the $300 MILLION or so after taxes in a lifetime. That kind of cash will do sooo much for sooo many.
Some of the random things I would like to do is: Pay random college tuitions for those who have kids and are struggling. Give money to the GLBT community to benefit those in need. Go to a dept store like Wal-Mart and buy random strangers gifts for their kid's Christmas. Donate sizably to the local food banks. Buy coats, hats an gloves for kids that need it. The list goes on and on...that much money could do so much for sooo many who need it! That would be awesome! |
I think I would also donate to lgbtq homeless programs and if there are associations for lgbtq eldercare and elder-advocacy, I would want to help with that too.
And if I could figure out how to - I would like to help establish an Lgbtq union of sorts - with an established independent marriage registry, professional development and mentorship, sliding-scale group health insurance that would include mental health, family planning - including help becoming a parent, services involved with transition, and legal, financial and other insurance services currently needed by our community. Would probably also want to specifically support the partners of military and vets. And the children of lgbtq folks. And possibly a scholarship program for those whose orientation or gender has lost them the opportunity for college. Then *poof* I would be out of money. :) |
right off the bat I would give 5 million to the ravished upper east coast and help rebuild after Sandy.
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Make sure mom had everything she needed,,no debt and could travel and see everything she has ever wanted to see and do everything she has ever wanted to do and then some. Set up trust fund s for my niece and nephews, buy a nice house with a pool and wood burning fireplace..buy a new mustang convertible and a new truck,, donate to Generosity Water, Ronald McDonald House and the Minnie Pearl Cancer Foundation
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I got my tickets!
Hire an accountant and a lawyer, no doubt. Take off somewhere quiet and anonymous so we can decide our next steps. It would definitely include: Early retirement. Family would be well taken care of. Donations to several varied organizations. A little random philanthropy goes a long way. After we buy our new (modest, but kick ass) house, new (practical, but bad ass) cars, yadda yadda .... do some traveling. I sense Europe in the near future and I'd also like to see the rest of the USA. Then, Mare and I would have to decide what business venture to start. |
Great thread, I'll post my answer in a bit... gotta run now!
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Hire an accountant and solicitor
pay off all debts (student loans) pay of debts of family and friends and ensure certain ones had extra dosh to use donate some monies to certain charities Buy small properties in several different countries - venezuala, australia, uk, amsterdam, thailand, japan, vancouver, utah. get an investment portfolio finish school open a small lgbt spas in three countries open a women's retreat charity - where women with little or no money can come for a little holiday for 3-5 days with healthy food and relaxing, quiet, care. Open a healthfood cafe, spa, tattoo studio where I'd be spending most of my time - with an artist's community centre for gigs/spoken word/gallery. 300 million is a lot. and there is a lot I can do with it. Mostly I'd want to travel between my houses and businesses. Maybe occationally hire a nice butch gigolo. Or maybe have a few butches with business investment ventures they want to start that are also attractive and we get along... I could be a sugar momma. Have some pleasant, friendly entertaining, fun company in exchange for silent, hands off investments into their dream business. I get to help some people out and get good company and a little fun now and again ;) for us both. I dunno, single and stinking wealthy might suit me. |
hire an accountant and a lawyer
and keep a low profile until my new record was finished, then go on tour, and donate lots of money toward a seriously HUGE BFP reunion party in Sept. heh :fastdraq: and be a philanthropist |
*pay off student loans
*pay off my house *buy a new house *pay off my car * donate to Deaf Community Services * save the rest and continue working and doing what I do! |
My boss and I were talking about this today. We laughed 'cause we both said we would hire accountants. And we are accountants. :| But she made a good point, all you'd really need is a Tax Lawyer. And let the lawyer go claim the winnings as your representative, that way you can stay incognito as long as possible.
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I LIKE how you think!! |
We would.....
Buy a small farm.... Start an alpaca ranch.... get some horses....and other animals...pigs, ducks, chickens etc.... Start a foundation for barn preservation in New England etal.... Save our local mountain from destruction by the local paving company :praying: donate to all children's charities.... Start trust funds for our kids and the nieces and nephews.... Pay off my mother's mortgage, buy her a nice car, get her a vacation house on Martha's vineyard....send her to Italy and Ireland....our nations of origin Go to every single national park in the US....then go to Ireland and Italy.... Get my Jeep Wrangler....and teddy whatever he wants...lol Learn to fly.... Get my PhD in anthropology.... |
move me gurl and hers to nz....
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I'm aware of someone's situation and I happen to adore that person, therefore I'd take care of that.
I would pay off debt for me and MBE and for a couple of others. I would ensure my parents had all they needed, as well as my brother, grandmother, and godson. My godson would have college paid for. I would ensure retirement for myself and MBE, as well as 2 others. I would donate towards charity. If feasible, I would buy a house in another country for when I'm ready to stop working, or am able to work remotely. I would also buy a house here. I would send my parents on the cruise they meant to go on, but didn't. I would take a European cruise... At least a 14 day one. I would buy a few necessities for myself. There's a particular hearing aid I'm reallyyyyyyyyyyyyyyyyyyyyy interested in. Top surgery for myself and one other would be completed. I would set up a scholarship for transpeople that need surgeries but cannot afford it. MBE and I, and possibly one other, would have new cars. Maybe not new, but new to us. Really, the majority of it would go to charities in some way or another. |
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