2007-11-05 07:28:04 · 7 answers · asked by Happily Hippy 6 in Games & Recreation ➔ Gambling
Excellent question:
I've pondered this many times (wishful thinking).
#1 pay all bills, clearing all debts
#2 buy some real land, and build a dream house (not a
mansion just a real nice home)
#3 give my kids some money or a new car (their choice)
#4 set up funds for both grandsons
#5 invest a portion, the money won't last and needs to
perpetuate itself.
#6 (if any left over) get rid of my old bass boat and get a new
bigger one and go on a long fishing trip
2007-11-05 07:48:11 · answer #1 · answered by MR. T. 6 · 1⤊ 0⤋
After you win the lottery, the first thing you do is pay in income tax. I would invest the remaining money so over a few years it would make more money for me rather than going out and spending it right away. What's the point of winning the lottery, if all you are going to do is go out and buy something you really don't need? Why not learn to conserve the money you won, make more money off of it, and then you will be able to afford to buy whatever items you want, once you have the extra money to spend. That way, you can buy something you really want after you have made enough to where you really aren't going to miss the extra money you made, and you still have money left over.
2007-11-05 07:41:07 · answer #2 · answered by Gardeniagirl 6 · 0⤊ 0⤋
Depending on the amount of my lottery winnings , I'd buy as much property as I could afford. Why because lottery money, no matter how much , wont last forever. I'd use the property as a source of income, to grow my lottery winnings. Purchase apartment buildings all over .
2007-11-05 07:34:54 · answer #3 · answered by that hot chick 6 · 1⤊ 0⤋
First I would hire a financial advisor to guide me in stock investments. I would also buy real estate, especially in this market. I would donate a large portion of my winnings and my investment earnings to charities like private schools (that offer scholarships to all socioeconomic classes), the Bill & Melinda Gates Foundation, Al Gore's endeavors, alternative energy research. I would live a comfortable life but not disproportionate to the improvements I could bestow upon other's lives.
2007-11-05 07:41:30 · answer #4 · answered by Yellowdog 2 · 0⤊ 0⤋
After I payed off my debt... I'd buy a house in Malibu near the water... I always wanted a nice big house looking out to blue water... =)
2007-11-05 08:18:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The very first thing I would buy is a Range Rover. I have always wanted one, even before all of the celebrities started buying them. Then I would buy myself a great pair of boobs. I'm a 32B so it would be nice to have cleavage.
2007-11-05 07:37:24 · answer #6 · answered by I luv Jax 4 · 0⤊ 1⤋
I'd pay off all of my debt.. Then buy propriety, the housing market is falling and depending on the location, it is a good time to buy..
2007-11-05 07:37:09 · answer #7 · answered by David 5 · 1⤊ 0⤋