i've asked many people this and came up with some very interesting answers. (remeber you just cashed the ticket, what do you do next?)
2007-04-17 11:33:40 · 32 answers · asked by trail-appliances_sucks 1 in Games & Recreation ➔ Gambling
It depends on how much the lottery was for. If it was for a large sum of money (say 7 figures or more), I would sit down and figure out how to divvy the money.
1. I would definitely put money aside for my children's future education.
2. I would set aside money for my children to get a house.
3. I would pay off any debts that I had (credit card, car loans, mortgage).
4. I would also put money away in an IRA for my retirement.
5. I would help my family in any way possible.
6.I would make charitable donations to my high-school and to some other good causes (ASPCA, Cancer, etc).
7. I would also put money aside for myself to go back to school.
8. I would help my wife with her self-employment plans (real estate) by buying properties and then turning them and selling them to other friends or family that need a house and give them a much better rate than any bank or lending institution would.
9. I would travel to all the places in the world that I've dreamed of.
10. I would have a custom home built for my family.
2007-04-18 03:16:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You're talking 8 or 9 figures, right?
Pay off my debts.
Move back to the city I grew up in.
Buy a new car (nothing insane, say $20,000 - $25,000)
Buy a house.
Take a vacation.
Go to college and learn some interesting stuff. (And this time, I don't mean the list of daily specials at the Bayou Bar and Grill)
Wait, that's basically the stuff I need to do now anyway.
2007-04-20 12:39:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would go to a tax lawyer, I will put my money in place where I can earn interest off of it, and put it in a trust fund where I know I won't be taxed too heavily on my winnings. Then I will take trip around the world and publish a book on my travels.
2007-04-17 11:43:06 · answer #3 · answered by Kaylin 2 · 0⤊ 0⤋
Get a finanancial advisor and when I got all my ducks in a row I would move to a house where I can get some peace and quiet.....also give some to my daughters and pay all my bills and travel....probably some more things but can't think of any more right now.....will let you know when I win.
2007-04-25 06:47:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i dont kno how that process works but after i do everything i need to do i would buy some cool animals or something. dont they give u the money over a period of time? o well. the lottery is for lazy people
2007-04-17 11:42:34 · answer #5 · answered by i_can_be_your_hero 4 · 0⤊ 0⤋
I would move to south America and grow bananas and spend the rest of my life in my own little world. If I get Bord then I may overthrow the government or something. Manly I think I would grow bananas ...... or coca and make chocolate
2007-04-17 20:09:55 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I would buy a car that I can depend on, buy a house for me and my kids and start them all collage funds. There are alot of things that I would do afterwords, new computer, rings, clothes for all of us, etc. but those are the first things I would do. Make sure my kids have what they need then give us all what we want.
2007-04-17 11:52:40 · answer #7 · answered by Mama Garrison 3 · 0⤊ 0⤋
I would pay off all my bills, give some money to my family and then buy a house and live in my favorite city in the world VEGAS BABY!!!
2007-04-18 19:12:08 · answer #8 · answered by paul s 4 · 0⤊ 0⤋
First thing I would do is give my boss a 2 week notice. (just to be nice) Split money with kids and grandkids and donate to Cancer Society. Also, save some for me!!!
2007-04-22 15:39:33 · answer #9 · answered by Gram 4 · 0⤊ 0⤋
Buy some 100 dollar RAM for my computer.
Thats it. Maybe a graphics card.
2007-04-17 11:41:21 · answer #10 · answered by Sleepy 2 · 0⤊ 0⤋