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View Poll Results: Most Lottery/Gambling Winnings
$1 - $100 24 39.34%
$101 - $1,000 10 16.39%
$1,001 - $10,000 14 22.95%
$10,001 - $25,000 1 1.64%
Higher than $25,000 5 8.20%
I never won anything 7 11.48%
Voters: 61. You may not vote on this poll

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Old 04-23-2009, 01:37 PM
 
Location: southern california
61,288 posts, read 87,405,055 times
Reputation: 55562

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not much different, i got tired of waiting for it so i made it happen on my own.
people with resources usually live considerably below their means.
they also avoid getting puffed up and arrogant, a far greater danger than the money
itself. a good mix of failure and humiliation combined with small successes seems to work for me.
its not the lotto but it works. the human heart must be turned many times to become ripe.
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Old 04-23-2009, 09:39 PM
 
Location: planet octupulous is nearing earths atmosphere
13,621 posts, read 12,729,004 times
Reputation: 20050
Quote:
Originally Posted by Isabella View Post
If I won the lottery,
1. Quit my job.
2. Spend more times with my kids
3. Meet with at least 3 Financial consultants
4. Buy a nice big house for my kids and I would have my Mom move in with me so she never has to worry about anything anymore.
5. I would pay off any debts for my brothers and sisters and buy houses for those that haven't had a chance to buy a home.
6. Contribute to charities and start some of my own (for children, the elderly, Cancer, Aids, etc.)
7. Travel!!!!!!
8. Have Thanksgiving and Christmas catered!!!!!!!
9. Take piano classes, dance lessons, art classes, learn Italian and French. I'll be the eternal student
10. Go to every single Broadway Show!
first of all what kind of money are you talking about 250 thousand!!!!! or let's say 5 million or a whopping bower ball win of at least 100 million after taxes!!!! so i guess i would say the amount would realy matter...if i won 100 million i first would be dancing after i got tired of dancing from happyness.. i would try to invent some of my clean enery generating concepts.... and i would employ poor people to plant hard woods all over the island of st croix. like mahogany teak lignum viate so the future generations will still have some nice woods to work with... insted of run out and buy a 5 million dollar yahtch and a 10 million dollar house and a couple of hellacopters. and do the ego trip thing..
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Old 05-25-2009, 02:28 PM
 
Location: Northside Of Jacksonville
3,337 posts, read 7,119,217 times
Reputation: 3464
I'd tithe to my church, invest in stock, travel a little bit, give some to my favorite charity (ies), open a trust fund for my child(ren) so they can have money for college, buy a house and pay it off with cash (I hate debt) and put the rest in my account and live off interest. I wouldn't quit my job, love that too much.
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Old 07-16-2009, 09:52 PM
 
Location: So Cal
52,248 posts, read 52,655,546 times
Reputation: 52754
Default How would you spend it...

Say if you won the lotto. Here in So cal we have the super lotto which draws twice a week.

It always seems to get to 12 or 13 mil real quick before some one wins it.

So I've done the math. At 12 mil the "cash" value is 7 mil. Federal tax is 25%, that brings you down to 5.25 mil. Now take a couple hundred grand and pay off house. We're down to 5 mil, now take that 5 mil and invest it the safest boring investment vehicle and get around 3% interest. That should yield 150k. Lets knock off 38% for taxes, so that leaves you 93k a year free and clear.

That leaves you 1700 hundred bucks a week. With no house payment that sounds pretty damn good to me. Granted you're not buying gold teeth and flashy cars, but hey, I could swing living on 6800 bucks a month.

So...

How would you spend your lotto winnings.

Would you get foolish like most people do and blow it, or would you do a little research first?


Consumerist - 1 in 3 Lottery Winners Broke Within 5 Years - Investing
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Old 07-16-2009, 10:11 PM
 
Location: Looking over your shoulder
31,304 posts, read 32,878,282 times
Reputation: 84477
I honestly would give most all of it away! A normal person wouldn’t need more then a million for himself so why not make lots of other people happy and benefit from the winnings as well?

The guy up in S.Dak that won the BIG powerball several weeks ago, is giving most of it away to those people in that small town that need it.

Greed I don’t have or need, I’m happy with a simple lifestyle and can enjoy doing the same thing with a little more ~ or less. I know I would have a great time helping make others happy.
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Old 07-16-2009, 10:15 PM
 
16,488 posts, read 24,476,977 times
Reputation: 16345
I would pay off bills, buy a new car and buy a home for myself and my children. I would also go on a long vacation with my kids.
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Old 07-16-2009, 10:18 PM
 
Location: So Cal
52,248 posts, read 52,655,546 times
Reputation: 52754
Quote:
Originally Posted by AksarbeN View Post
I honestly would give most all of it away! A normal person wouldn’t need more then a million for himself so why not make lots of other people happy and benefit from the winnings as well?

The guy up in S.Dak that won the BIG powerball several weeks ago, is giving most of it away to those people in that small town that need it.

Greed I don’t have or need, I’m happy with a simple lifestyle and can enjoy doing the same thing with a little more ~ or less. I know I would have a great time helping make others happy.
My SIL, who makes me sick BTW, stated that if she won a boatload of money she'd buy a bunch of "mansions", never any mention of modesty, just sheer gluttony.

Yes, I'd give money to charities, as I presently do now.
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Old 07-16-2009, 10:25 PM
 
27,342 posts, read 27,393,359 times
Reputation: 45889
Who says youd have to spend it? Sure, Id clear up a couple of debts but you can bet Id emphasize they are NOT to make my name, or even my location, public. No names, you will not take or publish my picture. Last thing anyone would want is long-lost 'relatives' showing up at my door or calling 24/7.
Id continue working, living a simple life.
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Old 07-17-2009, 12:16 AM
 
Location: Coachella Valley, California
15,639 posts, read 41,032,900 times
Reputation: 13472
Most of it would go into my dancing.
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Old 07-17-2009, 05:44 AM
 
Location: Under the SUNNY WARM SUN ....
18,118 posts, read 11,753,710 times
Reputation: 19704
Duplicated thread -
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