Winning the Lottery

SO - with the Powerball at $425 Million or greater it tends to get my mind wandering. What would you do if you won? Me - hopefully I would (and not necessarily in this order):

1. Set up trust accounts for the kids.
2. Move back 'home' and have a nice cabin in the Smokys.
3. Help our brothers and sister.
4. Travel
5. Give to charities - especially for animals, children and the elderly
6. Whatever else comes to mind.

Wouldn't it be wonderful if someone donated most or a good portion to it to the victims of Sandy.

For me:
Set up accounts for the kids
Pay off their mortgages/loans
Travel
Charities
Knock down and rebuild our cabin (and buy out the neighbor and knock down their trailer trash trailer.

buy a week's supply of Twinkies from ebay

and maybe help others in need or [censored] like that

Pay off loans.
Help family.
Charities - Children and Vets first.
Buy the most awesomest travel trailer and Pick up and see North America.
Get to know all my new friends.

join the reality show that follows lottery winners as their lives are ruined by all that dough...

I'd have to give a bunch away, because I'd never spend it all. Of course the kids would have to get some.

I'm not into trinkets and shiny things, so I wouldn't be spending it like a rookie athlete with a signing bonus. I'd certainly travel, and stay in nice places and dine at good restaurants, but even then, how much can you spend?

One think I might do is set up a small business loan fund or venture capital fund and see if I could help people with good ideas get off the ground. And maybe a scholarship fund.

One thing I'm sure of: my days as a compliance officer would be very few. I might give the bank 6 months to get a replacement here and acclimated, but only because some of the folks in management were friends before they became co-workers.

Six months? Heck I'd probably only give the required 2 weeks.

JJ would ask you to leave immediately

I might give them 6 minutes notice

tithe 10%
Pay off bills
establish a trust for my daughter, parents,other relatives who are hurting financially
find my dream home - not a mansion
establish an early retirement trust for me
establish a charitable trust
travel, travel, travel......

I'd come screeching into the driveway...

I would quit my job immediately. I'm nto happy with it and with the reorg and my location, I can't grow in my job. I woudl have no hesitation giving my "I quit."

I woudl make a custom house on some property with a view.

I woudl finally do all these crafts and recipes I haven't had tiome for, including making a "glamper."

I woudl travel the world with my hubby for a year or two, then have a kid.

buy property, build a dream house, take care of family financially, give back to charity and of course have a car collection (3-5 cars)


....and i would totally want to be a part owner of a sports team. i mean the St Louis Blues just sold for $160 million, it could happen.


...i have never thought of this before

I don't have kids - I could spend it all on myself.

kidding..kidding

get an unlisted phone #
see a lawyer and an investment advisor
go on a cruise to have time to think about what's next
pay off siblings' mortgages and/or buy them a house
charities
enjoy life

The number of people who would set up trusts and pay off relatives' bills before doing something for themselves never ceases to amaze me.

My list would more likely follow califgirl's first three, except my #1 would be to insist that my name not be published as the winner. You can insist that be done in many states. I think it affords you the protection of time to accomplish the necessary steps to protect yourself from yourself and your 'relatives and friends' real and imagined.

And in Cali, that would eat up the entire prize?

Yeah. Pretty much

I would seek sound legal counsel immediately.

After that, the main thing I would like to do is buy a really nice motor home and travel during the summers to different parts of the country with my wife and kids working on various Habitat for Humanity projects.

The kids would have trust funds, but there would be serious restrictions that would ensure that they become productive members of society and not spoiled brats.

I was told by my attorney to hold my son's money in trust until he was 30.

I think I would choose 35 MsMisfit - maybe let them have the interest yearly until then if they chose. Then gradually after 35 allow them to reduce the principal. Hmmm - have I thought about this before? Maybe.

Truff - I don't know what order I would do these in; but if I won the lottery I'm sure I'd be taking care of myself pretty quickly, too.

Heard on the news this morning that if someone wins, they might want to take the bulk payment instead of the annuity due to the Fiscal Cliff and taxes being much higher next year on wealth.

I would do that, a dollar today is worth more than a dollar tomorrow.

A bird in the hand is worth more than two in the bush.

The early bird catches the worm...

It's Bush's fault

the Band?

Here comes the child.

idk - but that would be a lot of dough.

Obviously pay off all debts and make sure family and close friends are well taken care of.

Make sure my sons' tuition will be paid in full. Go sout, then buy a large piece of property. I would build a sprawling ranch for myself and my puppies, then I would like to have a dog shelter. There are so many strays and abused dogs, and I want to help. I would be there full time, so I would be able to.

Typical Joisey accent...

What would you do with hubby?

Come screeching in the drive...........??????????

I would also buy my In-Laws in a new house (across town) and remodel our existing home. tee hee hee

I LOVE THIS~!!!!!

I would definitely do this..along with:

Set up family and friends (trust for son until he's at least 35...I've ALWAYS said they aren't grown until around that time)

Certain charities...mostly animal and horse-related and some particular other special needs/events.

Hire a cook and a barn/pool boy.

To name just a few important things!

I would buy a nicer ornament for next year's exchange.........perhaps as much as $30!

Can I help you with the interview process for this position?

Pay taxes there goes at least half
fix some broken things around the house


live off the interest

I would make it rain

certainly! IN fact, with all that dough, I think we could build a really nice show/training barn and SEVERAL awesome hired hands! And all the time in the world to "help" them learn the 'ropes'.

After setting up trust funds for the kids I would buy an old farm somewhere and wait for the traveling salesmen to come along and shoot at them with a shotgun (aka:Secondhand Lions)

Love that movie! It was on this weekend.

I would buy lots land closer to my parents and build a big ranch. The hubs wants land to hunt on he also wants a truck. Then I would pay off my church's loan on the new building and give anonymous donations to those in need. I'd keep working until I figure out what I want to do and maybe open my own business (such as a Penzeys spice store or a Lululemon or maybe an organic farm.) Pray that God will bless us with children so we can enjoy the winnings with them.

To Dip: What, pray tell, is a Glamper??

I left out the part about building a new house with no neighbors, a beautiful view, and a sturdy fence and gate AND a commercial grade dishwasher!

thomas - I like the way you think. Ha!

Once we're dont building you can come visit, Skittle.

Thanks, MonkEE. I would love to meet you and Thomas.

gee, the first thing I'd do if I won would be to come screeching into the driveway...

Now that it is up to $500 Million, I would probably fill my tank with gas.

want the address?

Don't forget Peepers, we have your address too......

nevermind

$500 million, cash payout of $327 million...roughly $179 million after taxes...MsGilmore would require $150 million for new shoes and purses, guess I would invest the rest and live quietly...

Don't foget to get new pyrex... :runs:

Well I have everyone's...

And I can be bribed.

::Throws boiled turkey carcass at DeeQ::

Spread it out on the floor and roll around in it.

A (vintage) camping trailer thats been remodeled to be super cute. Do google searcg..you'll get the idea. Mien will def involve a pink flamingo somwhere in the design

Tithe 10% to church
Pay off all my debt and my parent's debt
Invest a big chunk
Purchase land big enough for horses and at least a 5 bedroom home
Set money aside for my son's education and future
Pay off my brother's mortgage
Give some to my grandparents
Give some to my pastor's family
Purchase a vehicle large enough for three kiddos
Purchase a truck for my son (since he'll be driving in a year)
Purchase a fishing boat

Most DEF! My pink flamingo wind chime finally croaked...I need another one!

I would hire an attorney and an accountant ASAP.

I would establish a foundation for charitable giving and hire some family members and friends to run it.

I would pay off all my own debt as well as that of all my siblings and probably give them money as well.

I would establish trust funds for my niece and nephew with the stipulation that they need to earn a college degree to access any of the money.

I would build my dream home on as many acres as I could get contiguously in my area. I would build a fabulous horse barn and an indoor (and okay, an outdoor) riding arena and probably add a horse, or six.

And finally, I'd whisk away my fellow RRs for a getaway because I will have enough money for bail then.

::like:: (especially the bail money part! )

Get a newer Chrysler Cordoba with the fine Corinthian leather.

pay to run the gubmint for about 5 minutes

First - Hire an attorney and become a ghost. Then....

1. God gets his first, thanks Dude.
2. Retire debt, mine and the families.
3. Set up investment trusts. I plan on living on interest forever.
3. Trusts for the kids and grandkids. No touchy touchy for awhile.
4. Set up a self sustaining (hopefully) trust for charitable giving.
5. Buy something stupid

I bet there are a number of women with no morals that would be impressed by a dude with a ton of money



so I have a chance if I win!

<<<---cannot be bought.

Just sayin.

Just sayin simply because it's been my motto lately.

I'm thinking someone can..........and I'll find her

even if I have to go to Amsterdam

Oh, you'd find plenty, I'm quite sure of it. Amsterdam or Anytown, USA!

just sayin - as in - "not the truth" or "im not serious"?

as in "not enough money has been offered and the offer better include a dualie with a 5th wheel towing package" more likely

I saw a special on those - too cool! There was a group of ladies who had done this and traveled together. They were really creative.

HA! I'd almost think you know me, Happy!

1. Hire Lawyer & Accountant
2. Pay off all family debt
3. Put the vast majority of it in secure investments and live off the interest.
4. Buy hunting ground
5. Match my friends current annual salary and benefits so he doesnt have to work - Cause I need someone to hunt and fish with.

Would it be wrong to ask my stepmother what her price would be to go away?

Well, who were the lucky ones? I know I wasn't

Arizona and Missouri

1.2.3...not me

ME ME ME! not.

::pats RRJokers back:: Back to work for us. Let's go.

::slowly puts one foot in front of the other::

Whew! For a little bit there, I was afraid I was going to be gawdawful rich! Dodged that bullet!

I, once again, have escaped the curse of winning the lottery.

Well someone in GA got a million dollar ticket and someone in FL. Anyone we know? It sure wasn't me!

Hmmmm, Missouri? Anyone hear from RR Jen?

I WON!!!!









$4. We got one number and the powerball.

::calls all my friends:: OMG...I know someone that WON the lottery.

Hummm... so...how many tickets did you buy to win that $4.00.

::takes out pencil and sticks tip of tongue out corner of mouth ready to do the math::

we broke even - only bought 2 tickets.

Yup, she is still going to work.

I think it's a front so we don't know she won.

But with a totally different attitude.

She has been suspiciously quiet of late. hummmmm...

Well I'm sure she feels like she has to give her resignation in person. I just think that's the kind of person she is.

I'll be honest, i clearly thought I was winning...so much so that I began the application process for personal valet and attendant positions that would be available...now I have to notify the applicants, many of which exhibited their various valet and attendant skills during the interview process, that the positions are no longer available. Fortunately, many of hte applicants work within 2-3 blocks of the others, all on businesses located on Bourbon Street...this makes the notification process much easier

You all crack me up. It wasn't me, I didn't even buy a ticket.

We did a pool for tickets at work. I think we won $8 out of approximately 100 tickets.

Jen...at least I'm glad I'm smart like you! Sarah...all I can say is...ya'll represented the odds very well.

I said we should get some scratch off tickets with our winnings and one woman kinda yelled at me that I sure was quick to spend everyone else's money. I said, hey, I'm good with getting 16 cents back too so whatever.

Are you going to take the lump sum or the annuity payments?