Yesterday's Powerball was worth a lot of money. I know it usually is, but this was one of those very, very, very large jackpots. In fact, nobody had all six numbers, so the next drawing is worth $275 million.
The people on the van and I decided to pool our money and buy 5 tickets for yesterday's drawing. There are five of us on the van, so that set each of us back $1. We all know that the odds are definitely not in our favor, but it's always fun to discuss what we would do with the money if we won. Here's what I would do.
First, I would abandon my job. Many people say they would go to work and flaunt their winnings. Not me. I want to know what it's like to just not show up.
Second, I'd change my telephone number to an unpublished number. I just don't want people calling and calling me. No interviews, please!
Third, I'd move to Hawaii.
Fourth, I'd pay down my debt, my husband's debt and my daughter's debt.
Fifth, I'd set up trust funds for each child.
Sixth, I'd invest in long-term care insurance.
Seventh, I'd have my husband figure out how much we would need to live comfortably for the rest of our lives and invest that amount of the winnings.
Eighth, I would earn my master's degree and a doctorate degree.
Ninth, I would consider plastic surgery.
Tenth, I would become a philanthropist. I would set up a trust fund to give the rest of the money to my favorite charities.
Now, if only I would win. What would you do with your winnings if you won big in the lottery?
Thursday, March 13, 2008
What I would do with the money?
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7 comments:
I would buy a beautiful home on a lake. Not sure if that's what I would do first, but it's on my wish list. If I had that much money, I guess I wouldn't worry about bills.
I've occasionally bought a lottery ticket in the past. I always figured that the $1 was worth the fun I had in thinking about what I'd do with it.
Instead of giving my family members (parents and siblings) money, I think I would fully fund a ROTH IRA for every one of them every year until they're 65.
The rest of the money I'd invest and live off of/have fun with the interest I'd earn!
"Sixth, I'd invest in long-term care insurance."
If you had that kind of money you do not need any insurance.. You become self-insured.
If you win, don't forget to pay my debt too!!
Thanks!!
HS
Hmmmm...I'd take the lump sum, not the payments. First, of course, I'd pay off all our debt. Student loan, mortgage, whatever was on the credit cards at the time. Unlisted number is a good idea! I'd take the kids for a week at Disneyland. Then, well, start shopping for a house in the neighborhood just south of where we are, really, just about ten blocks away would be nice. Then, just live. I'd be able to always buy organic, choose to eat out a little more often. But mostly, it would just make life a little easier. I can't imagine huge changes. And believe me, I'm not rich now by any means. But I do know that $ does not equal happiness.
Isn't it fun to dream?
I would first give each of my brothers and sisters a few million each so that they wouldn't be bugging me every few days about money, then I would buy a home on the water, a nice boat (not a yaght, I'm easy to please) and then I guess I would go back to work.
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