With the Powerbal being $300 million and the Mega Millions being $200 million how would it change your life if you won either of those jackpots. What would change about you?
2007-08-23 12:59:16 · 9 answers · asked by Your #1 fan 6 in Business & Finance ➔ Personal Finance
Winning the lottery brings a happiness that usually turns into disaster. Having money is more about managing the spending. When you have a lot of money you have to be skeptical of yourself and others. What scares me most about winning an incredible sum of cash is that many people will want to put their hands into my cookie jar. A little greed is necessary but too much greed and you seperate yourself from the things that matter most. I believe that those who stick to a solid plan and make wise decisions fair better.
First, I would take all the winnings in one lump sum. I get less money but I can always gain a good portion back by investing in high yielding accounts.
I would first pay off all credit card debt and sudent loans.
I would finish getting my Bachelors degree and pursue my Masters.
I would donate over $! million to my local animal shelter. I would propose $10 spay/neuter for 1-2 years. A new, larder building with bigger cages and a super deluxe free roaming cat room. Funding to work with local law enforcement to stop and prevent animal cruelty
About $5-10 mil. would go into an IRA. $1-5 million would go into CD accounts.
My first home would be something convienent in a decent neighborhood with a nice fenced in back yard. WHen I settle I want my own custom home with acres of land. I want my home to have a spectacular view.
I wil keep my current car to remind me of where I came from. I would also get a nice hybrid car for everyday driving, a van for cargo, and a 65 Mustang for pleasure.
I will pay off my parents debt because I caused a good portion of it and either get them a new home or remodel the one they are in now. I will give then enough money so that they can retire comfortably.
I will give money to my Grandma to build a bigger home so our family gatherings won't feel stuffed. I will also make sure she has enough to have a comfortable retirement.
2007-08-23 14:06:23 · answer #1 · answered by greyfluffykitty 4 · 3⤊ 0⤋
well winning the lotto can be a dangerous thing for some people if poorly planned.
I myself would make sure I never had to work another day in my life for someone else. I may create a few of my own businesses, but never would I work for someone else.
The very first thing I would doing after getting my check is pay off all my debt. College loans, bills, credit cards, etc and also help my immediate family pay off some of their bills.
Next I would take a huge chunck of the money and put it into accounts so that I could live off the interest. God knows that the interest on a few million dollars is a pretty penny.
Of course I would by myself some cool things like a house, new car(s), and some of the luxuries of life. But I can guarentee you will not see me on 20/20 or Dateline in 5 years as one of those people who won the lottery and then went bankrupt and lost everything.
2007-08-23 13:10:42 · answer #2 · answered by Robbo_op_98 5 · 0⤊ 0⤋
I would buy an electronic billboad in the middle of Times Square and 10 minutes of television airtime on all of the major TV and Cable Networks and have a 10 minute segment listing all of the people that can kiss my !@#$%^&**() and why. Then I would lease a cruise ship, invite my real friends and have the longest, biggest and most exciting party out to sea I could.
2007-08-23 13:12:20 · answer #3 · answered by Penny 1 · 0⤊ 0⤋
comprehend this: The lottery companies take FIFTY p.c. of all money it is obtainable in. In different words, for each $a hundred,000 it is spent on lottery tickets, merely $50,000 receives paid back to triumphing tickets. it incredibly is impossible again up with a gadget or physique of suggestions of any type that could conquer a 50% take! anybody who says in any different case is attempting to trick you into determining to purchase their gadget, or is an entire moron, or the two!
2016-10-09 03:30:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I'd pay off my mortgage. Buy a new car. Put about $50K into remodeling my house. Set up a college fund for my grandbaby. Take care of some medical stuff I've been putting off. Buy a few new clothes. And invest most of it in a diverse portfolio so I could live comfortable off the proceeds.
2007-08-23 14:16:13 · answer #5 · answered by bdancer222 7 · 0⤊ 0⤋
I just lost my husband in April and he owned his own business. Winning the lottery would help me and his business partner out so much. Plus I would defiantly know who my friends were!!!
2007-08-23 13:12:00 · answer #6 · answered by smileylou 2 · 0⤊ 0⤋
My butler Jeeves would type in my answers here from now on.
2007-08-23 13:04:04 · answer #7 · answered by Anonymous 7 · 2⤊ 0⤋
id be a retired young man, and would buy everyone i wanted
2007-08-23 13:02:33 · answer #8 · answered by yowuzup 5 · 0⤊ 0⤋
i would have more money
2007-08-23 13:06:33 · answer #9 · answered by Anonymous · 0⤊ 0⤋