You just won the lottery!
What is the first thing you do with the money?
Can't wait to hear your answers!
What is the first thing you do with the money?
Can't wait to hear your answers!
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3 comments:
The first thing would be to buy a lifetime annuity so I would always have money coming in. I would choose the lump sum payout rather than the annuity offered by the lottery commission. That would allow for purchase of some big ticket items such as a home and land out in the country and have them paid for rather than financed.
Assuming I won one of the big payouts rather than the minimum, I would also buy lifetime annuities for my brothers and sisters so they could be assured of living comfortably.
I would want a motorhome so I could travel and see this beautiful country we live in.
I would make ongoing donations to organizations such as The Salvation Army that help people to get through hard times. I would be particularly interested in organizations that help people pay their utility bills, as that was one of the hardest things to get help with during my recent hard times.
BTW, I have found that multiplying the annuitized jackpot amount by .377 gives a pretty good indication of what a person would have if they chose the lump sum payout and paid the taxes due on it.
I forgot to answer my own question! Oops...
If I won the lottery, and it were a BIG win I would put most of the money in a foundation I start to give away over several years, but have it making money to give more.
I'd probably pay off our house (or start building if it is before we get to that point).
I'd then increase our family. Find a surrogate for our frozen embryos and then adopt a couple.
Finally I would travel. All over the world!
If I won the lottery, I would make sure that money was put into an account to draw interest. Then I would set up two foundations, but first I would give at least 15% to my church anonymously.
1. A Wish for Wings for Adults. Similar to that for children. I think adults know what they want more than children.
2. Foundation to assist those in need of funds for houses and utility payments. It would go to people who had jobs, but could just not afford improvements. Basically low middle to middle class people.
As money would allow I would build a home big enough to take on boarders while they looked for employment. People who had just completed a rehab program or maybe even those just getting out of prison, As a recovering addict, I want to share what I have with other addicts who need help with a fresh start. I was given that opportunity and I was very greatful to receive the help. I can never pay those people back, but I can always pay it forward. I have a huge and wonderful God who takes care of me every single day. I may not be rich in money, but I am the richest person in the world because I have a strong belief system and surround myself with the love of God. I can only share my experience, strength and hope and give away what was once so freely given to me.
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