2007-01-28 02:16:45 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
pay off my house, then help others
2007-01-28 09:32:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I generally don't believe that these kinds of thoughts will bring anything in your pocket so I avoid them at all costs, but if I was to win the lotto I would strive to get Passive Income from other avenues so that I do not only have my winnings that can be spent on all types of liabilities, but regenerating money that can one day make my grandkids rich as well. Lotto money almost never last more than one generation btw, because people who win it have little or no understanding of Passive Income. I found a nice site that focuses on this http://www.flashadd.com which I am watching as I expect some very revealing info from their on the process of acquiring Passive Income sources.
2007-01-28 11:07:14 · answer #2 · answered by kiderkid3 1 · 0⤊ 0⤋
I've thought about this alot. Assuming the winning total is our Powerball Minimum of 15 million and I'm the only winner....
First: Pay off all my "known" bills, my car, my student loans, my medical ect.
Second: Get copies of my credit report and check for any forgotton outstanding debt. Pay that and correct any errors.
Put aside 2 million in an interest bearing account (with the right account the yearly interest is enough to live on -about $60,000)
Almost half of the winnings goes to the State and Federal government for taxes-Put that in a seperate account drawing interest until tax time (make money on their money while I can!)
Put $25,000 in my daughters and each of my nieces and nephews college accounts
Pay off my brothers house
Go house shopping, Nothing to extravigant- 3 bedroom, 2 bath, decent size yard. Decent neighborhood with minimal Homeowners association interfierece. I what to pay it off and be able to afford the property taxes.
Donate 10,000 to Habitat for Humanity
Clothes and Furniture Shopping
Take a Vacation
Pay the movers
The rest we would have to see. Thats what I have planned. Debt free with a paid for house. My brothers house paid for (moms already is) My niece and nephews college fund going and my daughters college fund going.
2007-01-28 10:39:27 · answer #3 · answered by magicmysticferret 2 · 0⤊ 0⤋
Growth the money into big money big money.
Show me the money!
And big money gives, help people and animals (good and needy people and animals only) around the globe because we are not alone on this lonely planet. The rest of money u know, enjoy life comfortly.
2007-01-28 10:44:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I'm assuming the is the big one...
I'd pay off my debts, send my step-daughter to the college of her choice, invest the rest, and give some away.
2007-01-28 22:58:26 · answer #5 · answered by Jen G 5 · 0⤊ 0⤋
I would buy things that make me even more money and continue doing what I am doing in my life.
2007-01-28 11:41:24 · answer #6 · answered by Kitty 6 · 0⤊ 0⤋
buy Lottery tickets!
You have to play to lose.
2007-01-28 10:24:00 · answer #7 · answered by Mary Anne 2 · 0⤊ 0⤋
donate it all to charity, feed the hungry, clothe the homeless
2007-01-28 10:23:58 · answer #8 · answered by lat0ria 3 · 0⤊ 0⤋
Invest it.
2007-01-28 10:21:18 · answer #9 · answered by north79004487 5 · 0⤊ 0⤋
spend it !
2007-01-28 10:24:41 · answer #10 · answered by jo f 2 · 0⤊ 0⤋