If you won the lottery?

@911Ricki (13602)
Canada
February 26, 2013 6:17pm CST
My friend asked me this tonight, and got me thinking. I think I would buy a house first, then maybe a vacation, then the rest in savings. I think we all have an idea what we would do with it, but some would go over board. I know 4 people (including some relatives) who have won the lottery in the past, they spent, spent, and spent until it was gone.
1 person likes this
14 responses
@blackrusty (3532)
• Mexico
27 Feb 13
well I think I am with you buy a home and a trip a vacation and the put the rest in the bank for a rainy day and I have also know people that have won a large amount of money and it was all gone with in a year but don't forget to pay the taxes on it you don't want the government at your door
1 person likes this
@911Ricki (13602)
• Canada
27 Feb 13
That is very true, the government would take half of it anyways.
@BarBaraPrz (17242)
• St. Catharines, Ontario
27 Feb 13
The winnings are tax-free. You only pay tax on the interest it generates.
• Mexico
27 Feb 13
still keep money on hand or they take every thing that you own i have seen it happen
• Canada
27 Feb 13
i would probably pay off my house and of course travel and then put the rest in savings, just like you. i love seeing money in my bank account.
1 person likes this
@BarBaraPrz (17242)
• St. Catharines, Ontario
27 Feb 13
I think we all do...
@911Ricki (13602)
• Canada
27 Feb 13
I agree, I think we all like seeing the money.
@swirlz (3138)
• Philippines
27 Feb 13
I would probably start my own business, or invest in real estate. And yes, saving up is always a good idea. You'll never know when you might urgently need money for emergencies and such.
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@911Ricki (13602)
• Canada
27 Feb 13
Sounds good to me.
@BarBaraPrz (17242)
• St. Catharines, Ontario
27 Feb 13
Of course, it depends on how much you win. When I was still married, a friend of ours won $100,000 but complained it wasn't really enough to buy a house with. This was at a time when housing was still relatively cheap, he had a well-paying job, was single, and already owned a house! Years later, another friend won $50,000 and blew it on a boat even though he was renting a one-bedroom apartment and had nowhere to keep it.
@911Ricki (13602)
• Canada
27 Feb 13
I think people don't see the big picture, my uncle won just under a million, he was older by then. He ended up at 79 going back to work because he spent it all. Buying a new house (even though he had one), new truck (even though he had a working one), and just not budgetting. Of course, I would treat myself, but would buy what is on my list a mobile home, and a vacation. other than that I don't need anything or want anything.
1 person likes this
@dorannmwin (36636)
• United States
28 Feb 13
I believe that this is something that we all fantasize about from time to time. I certainly know that I've thought about this some in the past. The first thing that I would do if I was to win the lottery is that I would pay off both my house and also my mother's house because that would certainly be one less thing that we would have to worry about. The next thing that I would do is that I would get myself a new car because the car that I'm driving is ten years old and it would be nice to have a new car. I would also take a vacation, probably to Disney World as that is somewhere that I've never been that I would love to take my children to and then we would put the rest of it in savings so that we would be able to live off of it for years to come.
@camomile07 (1422)
• Germany
28 Feb 13
Well, I think I would move abroud buy an apartment (or a small house maybe). I'd like to open my own small company and travel. But, of course, part of it has to be saved. Until it happens, we may carry on dreaming.
@kprofgames (3025)
• United States
27 Feb 13
I'm a pretty simple person. Funny my friend bought me a power ball ticket a few weeks ago (didn't win...lol) but got got us talking, well more dreaming, of what we'd do. I'd like to go completely off the grid. Buy a farm spread, have my own power source and raise food for the hungry. Don't worry, not a dooms day prepper, but read too much about families going without for my own comfort.
@cher913 (25895)
• Canada
27 Feb 13
i don't know anyone that has won the lottery although i do know someone who won a smart car. if i won, i would pay off bills, fix up our house and maybe go on a trip. i wouldn't go crazy because i really have everything i want or need in life right at the moment.
@miryanag (348)
• Bulgaria
27 Feb 13
First I will donate some money to a good cause to thank the good fortune Then I will buy a house, car and go some place exotic.I will put the rest of the money in a few diferent banks and live from dividents.
@wiccania (3362)
• United States
27 Feb 13
I always tell people that they really want me to win a big lottery, here's why. First of all, I'd do the usual stuff -- house, car, vacation, etc. I'd also do something for some of my close family members and a few dear friends who have been there for me in my time of need. I'd also work with a financial advisor and make sure that my nieces and nephews don't have to worry about where their college funding is coming from, and make sure that my son will be taken care of for the rest of his life. There'd also be money set aside so that I wouldn't have to work if I didn't want to, and a fund specifically for vacations and travel. I'd also consider purchasing a few properties to rent out, to guarantee an income for myself if the financial investments go south. The rest is for everyone else. Seriously. No, I wouldn't just hand it all out, but I'd set up an organization that takes proposals for, say, a project to improve a community (turning a vacant lot into a nice park, for example) and help to fund those. Or if someone wanted to go to college and couldn't afford it, I'd help with that. Essentially, I'd do whatever I could to take the extra money that I'm never going to need, and put it back into the community and the general economy. Why keep it all if you're not going to need it, right?
• United States
27 Feb 13
If I won the lottery ( I won't because I think it's a waste of money) I would buy this house we are living in. I'd buy it from SIL's mom. I'd but me an SUV and take a trip to see my great grandchild when he or she is born.
@jricky1 (6809)
• China
27 Feb 13
I bought the lottery before try to won some,but i didn't for even one time.While maybe we are not meant to be.How i wish i could won one time and to use the money do something meaningfully.But having a good attitude to buy it is good.My brother always do that.
@Janey1966 (24127)
• Carlisle, England
27 Feb 13
A new house (not necessarily in Carlisle, or even in the UK) would be top of the list, a car..probably a gas guzzler 'cos we could afford it..oh, and a round the world trip..but NOT on a ship as being on one with a load of people I can't get away from would be my idea of hell. It's a shame Concorde is no longer with us as we'd definitely fly on that...so I guess it would have to be one of those massive planes instead. One thing I'd love to do is follow great sporting events around the world, whether it be golf, tennis..whatever, John, especially would adore that. I would also give a lot away..obviously.
@MoonGypsy (4615)
• United States
27 Feb 13
if i won the lottery the firs thing i would do is go to see a lawyer. i have would a trust set up for both of my kids with all of it accept for 10%.