... the lottery, say, seven hundred million dollars, what would you REALLY do?
2007-01-19 06:39:19 · 20 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
shopping
2007-01-19 07:48:04 · answer #1 · answered by Brand.New 5 · 0⤊ 0⤋
Gulp. I don't think I'd want to win that much. That's too much. Luckily, if you win that much, in most places, you don't actually win that much. If you take it as a lump sum, they usually only give you about half that amount. And if you live in the States (one of the places where enormous lotteries occur), there goes another half of it to taxes. So, now I'd be down to ONLY $175,000,000. Still a heap load of money, but not quite so insane.
At a conservative rate of interest, of 3% a year, not compounded, the money would earn over $14,000 a day. (Assuming one didn't spend the winnings). That makes it a little easier to grasp. About an entire year's worth of minimum wage earnings in one day (depending on where you live, of course). So, it certainly would be important to claim the winnings quickly!
I think it would be important to get a good lawyer, financial planner, accountant, and body guard right away. And a new phone number. With that kind of money, one could also afford a new home pretty quickly. While still in shock, I think it would be important to not go too grand too quickly. Just move to ditch some of the thousands of people that would come out of the woodwork to bother you. So, if you live in a 2 bedroom apartment, then move to a three bedroom condo.
Keeping one's job would be good thing to do, because it could help your life to remain stable. However, co-workers would probably resent you, and the boss might resent the media that would try to follow you. And looking after your money might be close to a full time job. So, since you probably couldn't keep working, then going back to school, or volunteering would be other possibilities for staying grounded.
After all that, I'd try not to spend excess money the first year. Or even give it away! It would take a least a year to figure everything out. (The one exception? I might pay the tuition fees of any reasonably close family members. And of course, I'd still donate to the charities that I already donate to, but at my current rates.) Other than that, I think I'd just try to keep the same lifestyle as much as possible. Oh, the food might be fresher, the shoes might fit better, the home's insulation might be improved, the mattress might be replaced, and the faucets might not drip, but I don't think I'd get a private jet, eat in fancy restaurants, get gold fixtures, build a 30,000 square foot home, or start dripping in diamonds.
2007-01-19 15:13:41 · answer #2 · answered by Jean Talon 5 · 0⤊ 0⤋
After getting over the shock I would get out of debt and pay my house off. Then I would give money to my friends and family and then my family and I would take a long extended vacation.
2007-01-19 14:45:17 · answer #3 · answered by Lorrie W 5 · 2⤊ 0⤋
first i would pay off all my bills then i would build me a small house in the country. i would buy a new car for me and my daughter and a truck and 4 wheeler for my son. i would pay off my moms bills and my mom inlaws bills and move her to a smaller place in town. then i would help my sister and my brother in law and a few friends. then i would go to the county and take over the humane society because ours really sucks and i would put money in each of my kids acct so they would never have to worrie about money. and then i would travel in my new rv... then i would have to hire someone to help me because i am so soft hearted i would give half of it away to people who say they need help... thats pretty much it . i actually did win 35 thousand on an instant ticket before and i didnt waste a penny of it i put it on my house and i helped my mom in law out with it....
2007-01-19 14:46:45 · answer #4 · answered by crazyme 5 · 2⤊ 0⤋
Get a body guard to haul it away lol
No hire a financial planner, set up charitable foundations for the local food bank, and some children's hospital, pay mom's mortgage, pay our mortgage, save. Help some people out
2007-01-19 14:45:27 · answer #5 · answered by It's been awhile 6 · 2⤊ 0⤋
Pay off all of my debt (which isn't much), deposit the rest into a high interest account, and live off of the interest.
Oh yeah, I would also pay everyone I work with 20 grand to walk out.
2007-01-19 14:43:04 · answer #6 · answered by Sarah S 3 · 2⤊ 0⤋
I'd buy everyone in my family a nice house, all of us near eachother. And I'd save the rest for my grandchildren's college.
2007-01-19 14:46:15 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Pay off all my friends and families houses and cars...finally buy my 1969 Camaro...build my dream house..take a nice vacation...not worry about my 3 kids' college education's...
2007-01-19 14:45:00 · answer #8 · answered by ~LAX Mom~ 5 · 2⤊ 0⤋
Study and travel around the world.
2007-01-19 14:43:26 · answer #9 · answered by Anonymous · 2⤊ 0⤋
Save it for things I want.
The house of my dreams. (It's not a mansion)
The car of my dreams
Publish my book(s)
and
Save the rest for my family (school, colledge, and some personaly things)
I WOULD NOT BECOME A STUPID MONEY MANIAC THAT SPENDS IT ALL ON STUPID STUFF I DON'T NEED! NEVER EVER EVER!
2007-01-19 14:51:10 · answer #10 · answered by Anonymous · 2⤊ 0⤋
Shop, buy an iPod, and go to Australia to study and see its beauty, but before that i would die by screaming!!
2007-01-19 15:02:27 · answer #11 · answered by gunnerz4lyfe! 3 · 2⤊ 0⤋