If You Won the Lottery What Would You Do With the $$$$$ - Page 4

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

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

dreaming about it all.

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.

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

08-12-2013, 09:28 AM	#66
Tommi Infamous Member How Do You Identify?: Usually "Hello" Relationship Status: Married and Bound to Tommi's kaijira (Ts_kaijira ) Join Date: Nov 2009 Location: Suthun.... California that is. Across the ridge from Laguna Beach. Posts: 8,151 My Photo Gallery Thanks: 13,621 Thanked 21,337 Times in 5,969 Posts Rep Power: 21474860	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 dreaming about it all.

08-11-2013, 06:41 PM	#61
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.

08-11-2013, 07:20 PM	#62
easygoingfemme Senior Member How Do You Identify?: Lil' Miss Sassy Pants Preferred Pronoun?: She/her Join Date: Oct 2012 Location: My place by the river Posts: 3,669 My Photo Gallery Thanks: 7,009 Thanked 14,921 Times in 3,296 Posts Rep Power: 21474852	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.

08-12-2013, 04:25 AM	#63
Beloved Member How Do You Identify?: alive Preferred Pronoun?: um Relationship Status: married Join Date: Sep 2011 Location: on the stars Posts: 460 My Photo Gallery Thanks: 1,415 Thanked 1,653 Times in 298 Posts Rep Power: 19348703	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.

08-12-2013, 04:59 AM	#64
EmJay Member How Do You Identify?: femme Join Date: Nov 2012 Location: Canada Posts: 124 My Photo Gallery Thanks: 338 Thanked 447 Times in 96 Posts Rep Power: 3970856	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

08-12-2013, 09:16 AM	#65
Rockinonahigh Senior Member How Do You Identify?: stone butch Preferred Pronoun?: makes no diffrence,I know who I am. Relationship Status: single,maybe looking if the right person comes along. Join Date: Dec 2009 Location: shreveport,Louisiana Posts: 4,907 My Photo Gallery Thanks: 4,682 Thanked 14,933 Times in 3,938 Posts Rep Power: 21474856	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.

08-12-2013, 09:28 AM	#67
Queenie Member How Do You Identify?: Queer Preferred Pronoun?: Her Relationship Status: Married Join Date: Jan 2010 Location: East Finchley Posts: 752 My Photo Gallery Thanks: 478 Thanked 1,888 Times in 523 Posts Rep Power: 16307164	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.