What would be the first thing you'd do if you won the lottery?

Question

Details please!

Answer 1

PUT COLLAGE MONEY BACK FOR KIDS COLLAGE ALL 7 KIDS THEN PAY OFF ALL BILLS AT THE SAME TIME !!!!!!!!

Answer 2

First of all, I would head to my mother's house. As soon as I got to my mother's house, I would explain to her the situation, and request to meet with the financial counselor that she has utilized for a number of years. Based on the advice offered during this meeting, this would influence what I would do next. I would likely utilize the services of a lawyer and an accountant as well. Also, I would probably take a lump sum payout versus a structured series of payments. I would choose this course of action because in most states, if a lottery winner chooses to accept a series of payments and dies before receiving all of the payments; then, the lottery keeps the remainder of the money due to be paid instead of it being inherited by the family.

Once the above objectives were done, I would after satisfying all debts in full, purchase a modest but comfortable home in the location of my choice. Then, I would purchase a new car and wardrobe. I would hire a interior designer/decorator to help decorate the house. I would also put some money in savings, Cd's, money markets, and other investments. I would also make sure that I would invest money in Roth IRA and other investment vehicles for retirement.

Finally, I would take my mom, dad, brother, and boyfriend for a shopping spree.

Answer 3

Depends on how big of a lottery. I've won a few hundred bucks before, & that just went almost completely on bills. Now, if I won mega millions, I would:

* Tithe ( I honestly think I would, this is not a phony answer)
* Pay off all of my bills
* Buy 4 houses (one for me, one for my mother, one for my sister, and one for my mother-in-law)
* Buy a couple of cars (1 for me & 1 for hubby)
* In memory of my brother, buy him the headstone that we really wanted to get but couldn't afford
* Put money away for college for 6 kids (my son, 3 nephews, & 2 neices)
* Go on a well deserved family vacation
* Savings (put some in the bank, some in a money market fund or something. I would just try to diversify.

Answer 4

the 1st element i could do is stop my activity. Then i could purchase a huge homestead interior the country close to the lake. i could then purchase a huge gas guzzling SUV because of the fact now i will handle to pay for the gas, and then i could purchase a boat to pass cruising on the lake with. Yeah, i could stay the stable life. Now which you point out it, i've got have been given some lottery tickets to confirm. i need to be sitting right here a millionaire and not be attentive to it yet.

Answer 5

That's really tough because there isn't anything I need personally. My kids all have college funds, the bills are paid off, we're not in any debt, the cars are paid for and I love my cars so I wouldn't need nor want a new one. I'd probably donate it all to charity...well I'd probably keep some of it for my husband's new project. Buying up old apartment buildings, fixing them up, and turning them into suitable apartments for people on the state housing assistance waiting list.

Answer 6

Pay off bills. Buy a couple of cars. Buy a house. Not an expensive one either. Just a normal one. After that, I don't know. But quitting my job would be the first thing.

Answer 7

1) Pay all bills.
2) Get health insurance.
3) Invest in my own business.
4) Save the rest.

I'd make my house a little better, but generally keep doing what I'm doing, but with the assurance that I wouldn't run out of money.

Answer 8

Depends on how much I won. If I won millions, I'd pay off all my siblings and sibling-in-laws' houses or buy them houses if they don't have one and make sure all my loved ones are set for life, open college accounts for my nieces and nephew, sign my stepson up for the college of his choice, take my hubby on a trip around the world, open my own bookstore, and live life.

Answer 9

Pay off all my bills, buy my mom that house she always wanted. Buy an awesome car. Take a vacation (roadtrip cross country or through europe). Then go back to work and save the rest.

Answer 10

I would finish the last two classes I need for my AA, and then sign up to finish my Bachelor's. I would probably keep working because I love my job, and I would keep my same apartment but also buy my grandmother's house back from the people who bought it after she died - and turn it into a vacation home for only my family. I'd split the rest up between me and my family.

Answer 11

First, I would set aside money for college. Then, I would give parts of it to the family members that I like, so they can pay off their bills. Then, when it is summer, I'd travel.
The rest would go into savings.