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If you won a huge lottery, enough to live on the interest and not have to work anymore - would you have the coldness to say no to friends and relatives who would be after you for loans(that they do not pay back)?
The majority of lottery winners are broke a few years later, not necessarily because they spend like sailors, but because they cannot say no to friends and family.
Considering you win, you will probably get more love from family than before. You will have sudden new friends.
Will you keep your current relationship with these people? And, how can you if you deny them?
Will you just pull up, move to a new community where people are just as well off as yourself and make a new set of friends? WIll you distance yourself from family?
Would you have the intestinal fortitude to do this, or live in comfort with the spongers around you for a short time and then go broke?
If you won a huge lottery, enough to live on the interest and not have to work anymore - would you have the coldness to say no to friends and relatives who would be after you for loans(that they do not pay back)?
The majority of lottery winners are broke a few years later, not necessarily because they spend like sailors, but because they cannot say no to friends and family.
Considering you win, you will probably get more love from family than before. You will have sudden new friends.
Will you keep your current relationship with these people? And, how can you if you deny them?
Will you just pull up, move to a new community where people are just as well off as yourself and make a new set of friends? WIll you distance yourself from family?
Would you have the intestinal fortitude to do this, or live in comfort with the spongers around you for a short time and then go broke?
This is a ‘Great Debate’ question?
The tiny handful of lottery winners probably matches the tiny handful of people who’ve ever thought about this topic, let alone debate it.
I find it sad that people throw their hard earned money down a rat hole on a pie in the sky fantasy. Almost as sad as average wage earners who vote for the party that protects the upper 1% from the horror of a 5% surtax on incomes over one million dollars, in the hope that someday they’ll be rich too.
I suppose implying that future lottery winners should have the guts to turn their backs on family and friends is good advice if they’re going to be a member of such an exclusive club.
Have you ever watched a two year old running around waving their favorite toy in the air screaming, MINE, MINE, MINE? These are the kids who grow up to be Republicans.
If you won a huge lottery, enough to live on the interest and not have to work anymore - would you have the coldness to say no to friends and relatives who would be after you for loans(that they do not pay back)?
The majority of lottery winners are broke a few years later, not necessarily because they spend like sailors, but because they cannot say no to friends and family.
Considering you win, you will probably get more love from family than before. You will have sudden new friends.
Will you keep your current relationship with these people? And, how can you if you deny them?
Will you just pull up, move to a new community where people are just as well off as yourself and make a new set of friends? WIll you distance yourself from family?
Would you have the intestinal fortitude to do this, or live in comfort with the spongers around you for a short time and then go broke?
I have few friends because I know who my friends are and they wouldn't beg me for money if I hit the lottery. I have many acquaintances and if they hit me up, I would deny them. I don't think that's "cold".
If I won, I would buy no less than 30 acres of land, put a house right in the center of it, create an area for chickens, get a few more dogs, (heck, I'd probably just go right ahead and open an animal sanctuary), and just enjoy my life....left alone!!!! at long last!!!!
I would help those who helped me along the way. Other than that? No.
But of course, that's because I'm one of those heartless Republicans. I'd save a whole bunch of unwanted pets because I'm just so damn heartless.
The tiny handful of lottery winners probably matches the tiny handful of people who’ve ever thought about this topic, let alone debate it.”
I disagree. I think it is a great debate/discussion topic. Why do so many people on these threads feel the need to burst someone else's bubble for no good reason? Does discussing a fantasy lottery win hurt anyone???
Anyway, on to the question at hand. I would decide on an amount that I would give to each of my relatives upfront, with the understanding that there would never be another dime forthcoming. Blow it---oh, well. I have even thought that I would purchase homes outright for my more "wayward" loved ones with the legal caveat that they could not ever sell it and that the taxes got escrowed for them, just to be sure that they always had "something."
I also would not change my lifestyle so drastically that anyone would suspect that I was filthy rich. Seriously. I can't stand to see the ostentatious waste of money on things like $100,000 cars and $4000 purses. I absolutely, positively KNOW that while I would certainly live better- I would not live frivolously and I really, truly would give a great portion of my money to the betterment of mankind. Not to do so is unconscionable. You were blessed through no real effort on your own behalf- so pay it forward. I cannot even express how much I admire and respect people like Bill Gates and Warren Buffet for pledging to give away at least half of their wealth to philanthropy, and how disheartening it was to hear that Steve Jobs refused to join them when asked.
So, Dual Citizen, as you can see- I think about it. In fact, there is practically no one I know who hasn't had the "what if" lottery fantasy. Why not? Now, of course- actually spending all of your hard earned money on dozens or more tickets a week is another thing... but one a week or every once in awhile for kicks--- why not? Life is all about chasing dreams while simultaneously living in the moment.
My relatives who could use extra money wouldn't have to ask. One of the first things I'd do is send money to some on my wife's side of the family. My sibs and my kids are all doing quite well, but if they needed some cash they'd have it.
I wouldn't spend much; whether I had $2M or $200M wouldn't really matter, other than the more I had, the more I'd have to give away. My wife and I are both pretty simple folks. We'd get a nice big pickup and a nice big camper, and we'd be off to see America.
If you won a huge lottery, enough to live on the interest and not have to work anymore - would you have the coldness to say no to friends and relatives who would be after you for loans(that they do not pay back)?
It would depend on how I am approached. I do not have a large family (immediate ones are not doing too badly either) nor many friends, so I don't believe the requests would be many. I don't need much to live on, so I wouldn't mind parting with a good deal of it. However, it is my life-long dream to help out people unexpectedly who do not ask for help; therefore, I would like to hold on to some of it for those situations.
I would definitely be splitting some of it among the people I work with. They are such good people who work so hard for so little money; it would be my dream to be able to give them a good amount of money so that their financial situations could be improved a bit.
Well after setting aside enough so I never had to worry about money again I would gift money to people, not give them a loan to be repaid. I don't have a big family or tons of friends but I'd definitely want to give something to the people who have been there for me. It wouldn't be a strings-attached thing (a house they couldn't sell, etc) because I don't want anyone beholding to me. Whatever happens to them in the future happens.
Frothe lottery winners story i have seen;not even hlaf the winners;most spend like crazy and often the end is divorce when it gets to lower number. its not friends ;its so called friends like happens to so mnay entertainers. Its the money itself which brings out the greed i epople. We see that everyday in politics now don;t we in people wanting more of the pie for themselves.I agree with others that i would gift more of the money to people i know and family;not loan it out.
A couple here in England won $160 million a few days ago on the Eurolottery. It's hard
to get your head round winning such a vast amount of money. If I had such a win, I
guess I'd have to think long and hard what to do with it. I don't think it's a good idea
to give my children a lot of money, it could ruin their lives. I would buy each one a nice
home wherever they wanted to live. Then I would buy a house by the sea in Rhodes,
Greece, go live there, and then think about what to do next.
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