If You Won the Lottery What Would You Do With the $$$$$

not2shygrrl · 08-11-2013, 03:50 PM

I would start by going into shock!
Then hide,
secure the funds,
start a business by investing in properties to rent,
of course pay off all my bills and gift some $ to family members,
donate to a few charities and BFP,
likely buy a new car, no more than 2.
develop an organization to help single mothers acquire their own home, nothing like Extreme Makeovers.....but something to be proud of!
above said organization(s) will need a few employees,
depending on the amount I won, I would travel the US of A and after a year or so extend my travels across the pond!
I might even dabble in hiring the "Millionaire Matchmaker" to help search for Ms. right!
Wow, this list could go on and on.......

PoeticSilence · 08-11-2013, 05:28 PM

After obtaining legal counsel and an accountant:
Pay everything off. Fix up the house and sell it. Move to a singular level house with a special room for the birds so that they can leave their cages and play in a communal place. Making sure the house has an open floor plan and a large kitchen, and was "green" in regards to energy. Making sure it has a large library/reading room/computer desks.
Make sure the house was on 100+ acres of land and in the center. Building four more houses in the four corners with trees and pastures and fields of wildflowers between us all. Giving each of the kids a house. Paying off the kids debts. Making sure we had chickens and horses and bees.
Donating to Drs without Borders and various women and childrens centers and foodbanks and programs that fight the slaughter of wild horses.
Having a large outbuilding used for arts and crafts.
Having a barn.
Having large gardens and fruit-bearing trees.

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.

View Poll Results: If you won the lottery would you?
Hire an accountant right away	35	33.98%
Cash in the ticket and disappear for awhile	36	34.95%
Quit your job	18	17.48%
Donate a portion to charity	43	41.75%
Move to a more exotic location	4	3.88%
Invest the money	42	40.78%
Donate to family and friends	37	35.92%
Go on a spending spree buying houses, cars, boats, jewelry	17	16.50%
Go into shock	23	22.33%
Waste it all and end up poor as a churchmouse	0	0%
Multiple Choice Poll. Voters: 103. You may not vote on this poll

08-11-2013, 03:50 PM	#1
not2shygrrl Member How Do You Identify?: as a Lesbian Preferred Pronoun?: she/her Relationship Status: under the cover of starry starry nights...enjoying a warm fire in the pit ! Join Date: Oct 2010 Location: in a cabin in the woods Posts: 636 My Photo Gallery Thanks: 8,068 Thanked 2,454 Times in 546 Posts Rep Power: 21474852	depends on how much I win! I would start by going into shock! Then hide, secure the funds, start a business by investing in properties to rent, of course pay off all my bills and gift some $ to family members, donate to a few charities and BFP, likely buy a new car, no more than 2. develop an organization to help single mothers acquire their own home, nothing like Extreme Makeovers.....but something to be proud of! above said organization(s) will need a few employees, depending on the amount I won, I would travel the US of A and after a year or so extend my travels across the pond! I might even dabble in hiring the "Millionaire Matchmaker" to help search for Ms. right! Wow, this list could go on and on.......

08-11-2013, 05:28 PM	#2
PoeticSilence Member How Do You Identify?: dodges labels Relationship Status: Estranged Join Date: Jul 2013 Location: Midwest Posts: 454 My Photo Gallery Thanks: 3 Thanked 919 Times in 277 Posts Rep Power: 10661585	After obtaining legal counsel and an accountant: Pay everything off. Fix up the house and sell it. Move to a singular level house with a special room for the birds so that they can leave their cages and play in a communal place. Making sure the house has an open floor plan and a large kitchen, and was "green" in regards to energy. Making sure it has a large library/reading room/computer desks. Make sure the house was on 100+ acres of land and in the center. Building four more houses in the four corners with trees and pastures and fields of wildflowers between us all. Giving each of the kids a house. Paying off the kids debts. Making sure we had chickens and horses and bees. Donating to Drs without Borders and various women and childrens centers and foodbanks and programs that fight the slaughter of wild horses. Having a large outbuilding used for arts and crafts. Having a barn. Having large gardens and fruit-bearing trees. __________________ Love is all you need.

08-11-2013, 06:41 PM	#3
alexri Member How Do You Identify?: - Join Date: Jul 2012 Location: - Posts: 549 My Photo Gallery Thanks: 1,209 Thanked 2,799 Times in 468 Posts Rep Power: 21474850	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.