After recently watching the movie Mr. Deeds I began to wonder what would I do if a huge sum of money dropped in my lap like that. Just a couple weeks ago 3 people won and had to spilt the Mega-Millions lottery jackpot of 656 million dollars. If I won the lottery this is what I would do.
If I won the lottery at this age it is tough to decide what I would do with all of the money. First I would probably split it in half. The first half would go in the bank in a savings account that I’m not allowed to touch. And out of that half I would dabble in the stock market, probably in Apple, their stock hardly ever goes down. I think I would stay in school but needless to say I wouldn’t be too concerned with my grades. I would take over the financial aspect of my life so there would be no more weaning off of my parents. It’s a nice thought to think about, getting whatever you want without having to look at a price tag. You could just pick and choose what you wanted to buy.
I would buy my mom a new house and car, save enough money to make it last me long enough, invest in the stock market, and obviously donate to charities. I would put a large sum of it in an account that gets interest off itself and make sure i won't be able to touch it for about 10 years
ReplyDeleteI would put the money away in savings like I never even received it. As a college student who pays for all of my own things, I struggle a lot... But so does everyone. I'm not miserable. I have a job, and my parents help me whenever they can. I'd rather put that money aside until I graduate and need it to help me get started in a new place with a new job. I would take some of the money initially, however, to help my mom with the bills & moving into a new apartment and to help my brother and his fiance.
ReplyDeleteI would try to save most of my money in bank accounts and live off of interest. I would probably not spend it carelessly and work a job to ensure my wealth stays with me. I do however see myself living a little more comfortably.
ReplyDeleteI would put most of the money away in a savings account. But what money I did keep I would give to myself in increments. I would basically design a paycheck for myself and give myself a fixed sum every month and I would stick to it. But I would also be sure to give my parents a good portion of it considering I probably wouldn’t have won it without their help in some way. Then I would treat my whole family to a trip to Disney. I would still to go school, but I wouldn’t be as freaked out about how I’m going to pay for graduate school, but I would still make myself get a job, just so that I don’t just loaf around all day. Then I would have a mega shopping spree at Barnes n’ Nobles. But the rest I would save.
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ReplyDeleteI would put it into savings. I would keep some for myself to use leisurely, maybe pay my mom back by taking her somewhere nice for all the years of supporting me. I would definitely put most of it into savings so that i can have enough to support my own family in the future. I want to be able to provide for my children the way my mom provided for me. I wouldnt want to waste it all on meaningless material things. I would probably donate some to a charity. I would also finish school and get a job, i dont want to become spoiled and i want to be able to earn a living. But i cant say that i wouldnt use some of it to go travel, because i do love vacations.
ReplyDeleteIf i won the lottery i would probably donate a portion of it to charity and then i would help out some of my family members that needed it. and then depending on how much is left i would purchase a house and go on a shopping spree!.. i would buy everything in the michael kors store.
ReplyDeleteIf I won the lotto I would put most of it into savings accounts and leave them there to grow for my future children, give some to my brothers to pay for their college and graduate programs, buy myself a nice house that I can live in for the rest of my life, a nice car and give the rest to charity.
ReplyDeleteIf I won the lotto I would most definitely put half of it away and save it for my children. I would take some money and blow it all on fun and traveling and cars. But to not become a bum you have to plan ahead and be smart. If you buy a multimillion dollar house you have to be able to maintain it and pay it off. That money will eventually run out. I would donate money to charities and help all my family out financially.
ReplyDeleteIf I did participate in the lotto and won, I would save a portion of my winnings and a portion of it would go to charity and to church. I would be generous in helping who I can and as many people as I could. I would want to keep it as long as I could, but I wouldn't want to be greedy. I would still work and I would still continue with school and do my best to earn what I have.
ReplyDeleteIf I won the lottery, I would buy my parents a new house and I would make them retire. I would pay for the rest of my college expenses and buy myself a nice car. I would use some of the money for traveling and recreation. The rest would be deposited in an account with a high return rate.
ReplyDeleteIf I won the lottery the first thing I would do is ut enough money aside for all of my education (grad school), then buy a smart car and give my mom and sister each a nice amount of money for their discretion. Then what amount is left I would put into savings and go on with my life and not depend on it, therefore I would have some money for later on in life.
ReplyDeleteI would probably spilt my winnings in half like you said, so I would have some in savings in case I ever needed it. I would pay the tuition for me and my sisters and buy my old house which we just had to sell. I'd buy a VW Microbus for me and get my mom a mini cooper and my dad a german shepherd. I'd probably use some money to throw cookouts and parties in my yard and buy myself tickets to see my favorite band in concert. After these, I'd put a some of this money into stocks or open up a restaurant for my grandma like she has always wanted. Then I'd save the rest of this money for whatever else.
ReplyDeleteConsidering I think about this nearly every day, I have complied a really nice list.
ReplyDelete- Buy a condo, not too nice but big enough for collectables and trinkets.
- Buy an old volvo
- Buy instruments and recording equipment
- Buy a nice boat that can act as my Primary house but still be small enough to sail like a sailboat
- Invest the money for my family
- Donate the money specifically to families in africa and help out there after I would sail there.
- Spend the time I'm not working for money, writing books.
The first thing that I would do is make sure that all my family and friends are taken care of financially because they have always been there to support me. Then I would give money to a few charities. After that I would probably buy a few nice things such as a truck and a boat. Then whatever I had left I would put in savings. I would also stay in school and get my degree because getting a good job will just continue to bring in money for me and have me set for life.
ReplyDeleteWell if I won the lotto, I would want to drop out of school. But I know my parents wouldn't let me. I would by my dream car: Range Rover. I would make sure my family was financially stable for the rest of their lives. Then I would buy a nice house and put the rest in savings.
ReplyDeleteIf I won the lottery with a sum of money that large...I would just put it all into savings. That way, every year, I would be reeling in twenty million dollars from interest alone. I wouldn't drop out of school because I feel that it would have been such a waste of all those years to just drop out. Other than that, I would just spoil my parents with anything they desire, because they deserve it.
ReplyDeleteIf I won the lottery I would definitely not be in this country anymore. Traveling is something I have always wanted to do but was afraid I wouldn't have enough money to visit every place I had in mind. I would explore every part of Europe I possibly could.
ReplyDeleteIf I won the lottery, I would definitely put half of the money into my bank account so I could get interest. Then, I would divide it amongst my family members equally for whatever they want to do with it. In reality, the money in the bank is basically the money of my immediate family as well, but at least this way, they can splurge on whatever they want and use it wisely. I would of course splurge on myself and others and even give to charities, but before any of that I would conduct a plan so that I knew with the money I won, my family and I were set for life.
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ReplyDeleteIf I won the lottery, I would never tell anybody. It seems that a large percentage of lottery winners either loose their friends or their friends betray them. Other than buying myself a new car, I would invest my winnings in a secure account. Over time I would help out my family, remodeling my parents house, and buying my brother his first house. Personally I would like to finish school and find a career that would make me happy. Between my career and lottery winnings I believe that I would be able to life very well, all while avoiding the loneliness and financial problems that are often associated with lottery winners.
ReplyDeleteThe first thing before I would even collect my money was to hire a very intelligent lawyer. Without a lawyer, the government will try to tax every penny they can. Because after all, the lottery is governments way of receiving huge tax checks. But anyway, I would get my money in a lump-sum payment because when keeping inflation in mind, lump-sum would be the smarter way to go. After that I would split my money in half. Completely save half in a safe commodity gathering interest. And with the half split it up in quarters. One quarter to family / friends, one quarter to splurging, one quarter to buy businesses, and the last quarter for spending money.
ReplyDeleteIf i won the the lotto, first off I wouldn't do the lump-sum payout version. I would have the pay by year one. Over 26 years I would be payed from the lotto. I think right off the bat that would help with keeping the money in check. Then with the money I would put half of it in the bank and the rest just as spending money. Then once the payment plan was over I still have that bank account.
ReplyDeleteIf i won the lotto...i would first hire a financial advisor because i'm afraid i would get a little too excited about having all of that money. I would definitely travel to a few places i've always wanted to visit and buy a house on the beach in South Florida or maybe the keys. I would also go shopping...my money would probably go pretty quickly.
ReplyDeleteDepending on how much money i won would determine how i spent it but most of it would be put in the bank, like 80-90% of it. The 10-20% that i would take out would be used to pay off any of my dads debt, car payments etc. I would also give my dad 15 million to put away so he can retire and live out the rest of his life not at his desk. If i hit a big enough lotto i would buy a house on lake kissimmee, another house in NC on my favorite lake, and a camp out in the Everglades. And i'd probably put about 50k into my Jeep and make it the most badass daily driven Jeep you could imagine. And past that well i'll save the rest no reason to piss it all away. And a few years down the road i would open up my own race car shop.
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