Driving home from work today I passed by a billboard with the Super 7 Jackpot advertised. $30 million dollars it displayed.. and the image repeated over and over again in my head until I arrived home. I remember seeing somewhere that nearly 1/3rd of all big lottery winners go bankrupt within 5 years. I guess it's not that hard to believe, not everyone is financially literate. What would I do if I won $30 Million? Here is my hypothetical plan in order:

  1. Change our home phone number then have our new number unlisted.
  2. Donate 10% to various charites ($3 million).
  3. Give away another 10% to family and friends ($3 million).
  4. Start a diversified dividend investment fund with 10% ($3 million) and donate the proceeds of the quarterly dividends to charity. This would work out to around $3 million * 4% annually = $120k / year (increasing annually).
  5. Pay off all my debts ~$200k.
  6. Buy a new house $400k.
  7. Buy a couple new cars $90k. Why not right? ;)
  8. Quit my job.
  9. Keep $300k in a regular chequing account for other toys, luxuries and travel.
  10. Perhaps take $5 million and invest in venture cap, franchise restaurants, and/or real estate.
  11. Take the remaining, which is approximately $15 million, spread it among various investment accounts (to account for the limited CIPF) and purchase strong dividend paying stocks among other income instruments. This would pay approximately $600k / year in dividends assuming an average 4% payout. This would be our yearly salary.
  12. Continue blogging, but change the domain name to 100MillionDollarJourney.com. :)

There you go! That's my plan! What would you do?

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I wrote a post thinking your numbers were off, but then I realized you are Canadian. So I may be wrong. I will explain how things work for us in the United States. Our Lotteries are taxed and paid out over time ( 20 years usually). If you want a lump sum, you take a lot less at once. Then 40% or so is deducted for taxes. Is the lottery a tax-free lump sum in Canada?

Normally, A $30 million jackpot will actually pay out half that in a lump sum, maybe $15-16 mil.
Taxes will then be deducted.

If you win a $30 mil jackpot, your 1 and only check will probably be $9-10 mil, tops.

To actually receive $30 million here in the US, one would need to wn a Jackpot of about $100 million.

I think most lottery winners go broke because winning $1 million does not make one a millionaire. A $1 million lotto will pay $50,000 per year. I dont know many people who make $50,000 a year and stop working after only 20 years who retire early as millionaires. These lott0 winners stop working, then they buy a house, cars, things for friends,etc but are only really making $35,000 a year or so and can’t afford anything.

Even winning a $10 million Powerball wouldn’t guarantee retirement ( unless you are already very old). Since this would probably mean $3 mil after taxes.

Another thing to take int account is monthly fees, maintenance, tax insurance,etc. For example, here it a very common that a $1 million house would cost about $20,000 a year in taxes, several thousand in insurance, and maybe as much as $10,000 in electric/utilities. Luxury cars also cost more in insurance, repair, fuel,etc. If you make a million dollars and buy a house with that, you will need to make at least $100-200,000 per year for the rest of your life to even afford to keep the lights on.

I think your strategy sounds good, I was just wondering if your numbers are inflated by 200-300%?

I like to play with game with my family some days. It’s a fun to do once in a while.

1)Pay off all debts.
2)Setup income portfolio.
3)Quit job and write full time.
4)Max out the kid’s RESP
5)Perhaps start a company on eco home building to prove to the world you can build a better house with a small capitial cost increase ($5 million).
6)Pay someone else to finish painting the house and install new flooring.

CD

I have often dreamed (and paid the “tax on the stupid”) about winning the lottery. My wife says she would hate to win that much because everyone would be scrambling to get a piece of you (as per item 1 in your list).

She says she would be happy with the Cash for Life for $1000 tax free a week.

I pointed out to her that the $1000 per week was the goal for my early retirement program, so by investing and saving we had much better chance of doing the CAsh for Life by ourselves, so save the $4.

That doesn’t mean I won’t pick up a quick pick or two tomorrow (I mean, SOMEONE has to win, right :-)

Q

Ooo la la! My following plan is almost the same as yours.

1. Pay off the debts (luckily, not too heavy in this area, whew)
2. Buy an apartment.
3. Buy an overseas property as an investment (hopefully I have enough).
4. Invest on some bonds and futures (I think I will need an advisor on this).
5. Give away 10% to my family and some relatives.
6. Buy a car or two.
7. Quit my job and do something that I really want to do all these years.
8. Continue blogging :D
9. Keep the rest for other payments.
10. Build a vacation house overseas with hills and river (I love the hills where LOTR was shot :P ).

The thing is, I don’t live where you’re living. Darn.

eg 5 mill

1 send wife and kids to my homeland
2 pay all my debt
3 pay my friend house (helped me a lot)
4 BMW 540 for me and x5 for wife
total + – 500 000
rest of money
a)30% mutual funds
b)30% my portfolio encana suncor potash maybe some nortel aberdin minerals or something (energy and mining) some silver some realestate in toronto dwntwn (condo) rental inc
c)5% google stok
d)10% babys bufets
e)10% gold
f)5% gic
g)5% some solid investment for kids
h)5% cash

Develop 10 acres of my land with sewage/pipeline. And build an apartment building or neighbourhood. Hire a property manager and collect my passive income. =)

I’d go to casino niagara, take the 30 million dollars, go to the roulette table and put it all on #36. After I won, I’d take my 1 billion dollars and invest it sensably :D

Lottery winnings in Canada are TAX FREE because the taxes have already been taken from them. Lump sum or monthly installments do not make a difference, so might as well get it all at once and then ram it into some investments!! :)

I would pay off all my debts, give money to my kids enough for a down payment on a house or school(cant give them to much, they would have to learn how to deal with what I give them and leave the rest for a will) Have a safty net in my husband and my joint account. spend a little, go on a long trip. Bank alot of it, get a new house some where that I can grow veg, apples, and produce. split what ever left over between my husband and I with legal documentation just in case. stay at home and be a home maker,and enjoy my family(which is hard right now cause it takes two to make a living)I would be able to clean my house all day, garden cook and bake my family cookies and cakes. I would make sure I would never have to work again…..

Interesting Forum.. and i HAVE a ?Question? at the end :)

Yes.. i’m canadian so im assuming a lumpsum one-time multi-million dollar pay off..

this is..
MY CURRENT WINNINGS STRATEGY
1) I would change my address AND phone numbers

2) I would give 10% to my pre-designated charities..none of these bleeding beggers that come looking for you.. AFTER you win..

3) In changing my address.. i would custom build a moderate home in the $500,000 range.. NOTHING too fancy..double car garage- indoor heated pool

4) Invest in a couple decent rental properties maybe a triplex.. so there is residual monthly income..

5) A Subway Franchise.. (as the McD’s dream.. i) too expensive and ii) people eating smarter )

6) A Hybrid Camry.. (stop being a slave to big oil companies)

7) Pay off credit cards

8) designate 5% for my children’s Education/future

9) A few sound Retirement Plans.. (mutuals/diversified)

10) Friends and Family Fund 5% (this would be to repay.. anyone WHO in the past – bent over backward to make my life easier – pay off some of their debts.. or put a new roof on their leaky house.. a practical car if their jalopy is about to break down.. $0 for any sudden NEW friends that you haven’t seen in 5 years.. or relatives that didnt have the decency to attend your mother’s funeral (that may sound harsh..but my mom was the first person to lend some of these mooches money.. and hey couldnt pay her any respects ?? )

11) Rest.. cover lawyers, legal fee’s property taxes, Accountants.. – and rainy days..

NOW the Question I have..

What if you are a Canadian.. and you win a US Lottery..

or.. $10,000 at Vegas.. they have a NASTY WITHOLDING TAX on any winnings over $600

I understand.. as a non-US citizen.. you can apply to get some of those taxes back..

Somebody told me.. that.. the method some of those “recovery” companies use.. is to have you apply for.. a Social Security Number.. -but wouldnt that put you one step closer to becoming a u.s. citizen..thereby entitling them (US Gov) to keep your taxes? :P im sure i was mis-informed ..or didnt understand their reasoning..

Anyway..
What im Trying to figure out is..

if you won 10,000,000$ in a US Lottery (and we will uncomplicate the formula by not worrying about conversion to canadian) ..and YOU Take the 25 year annuity method.. that would be $400,000 a year.. before taxes.. and they lob about 45% off that.. leaving you.. $220,000 a year.. i can live on that im not greedy.

IF you take the Quick CASH claim.. the prize is only valued around $5.5 million US before taxes.. lob off another 45% and you are down to $3,025,000 one time claim..

Would you be better off.. FILING every year.. to try and get back a portion of your $180,000 ? based on your annuity… or …would you go after the 2.475 mill they took ONCE?

…if anybody could tell me.. (FROM FIRST HAND EXPERIENCE) – a) how the tax recovery program works… b) how much do companies charge to chase it down for you .. c) is there ANY Limits to the amount you cant attempt to recover.. or the number of times you apply (assuming you attempt to do it annually if you took the annuity method over 25 years) ..

.. the answers will then be INTEGRATED INTO MY WINNINGS INVESTMENT STRATEGY

money is nothing but money is every thing so money is nothing but now is every thing

When I win the 30 million:

1. do the happy dance, scream, yell, and I will probley look like some one who has been possesed.

2. get a plan set up, who is going to look after the kids when my husband and I pick up the cash.

3. take off. leave no trail and tell no one. While we are on our way phone the bank and set up a meeting with our advisers. Phone work and call in sick.

4. get money. see the bank and pay off every thing we owe money too. get checks made out to family members and friends. Set up bank accounts for kids and with the money left over seperated it between myself and my husband. Making sure there is a lawyer in the room to varavie it and make out paper work that the money was seperated. (just in case.)

5. take the kids out to dinner and give them a little bit of money in a walet each and tell them that we won.

6. Phone and make an appointment to see my dream home the one with the serurity system. buy the house. talk to work about a leave of absence.

7. With my share of the money: I would spend some, save lots and give some to charities. I would go back to school and full fill my promise to my kids and take them to disney land.

8. after a year of absence from my job and time to get over the fact that I am a millionair I would either go back to work and tell everyone I blew all my money and I am broke or, I will just stay at home and become mother of the year.

Either way, My life would change, but I wont. I will remain the same.

I never buy lottery tickets, I also subscribe that they are an idiot tax. But I often get them for birthday gifts, etc.

If I won? . I would not be that happy. Here’s some common things people do.

1) Quit their job. I would NOT do this. I busted my ass to earn my bachelor’s and master’s degrees. I’ve also worked very hard to build a rewarding career. If I quit my job because I suddenly became it would mean I wasted all that hard work and lost out on reaping the long term rewards.

2) Pay off their debts. I have had no debts since I paid off my student loans (which I worked two jobs after I graduated to do in less than a year, $19,000 paid off).

3) Pay off the house. Since I don’t own a house outright, this would be a no brainer. I’m planning on buying a house with my fiance next year. It will be my first house, but she has some equity in her condo. We will be putting about 40% down and I hope to have the house paid for in 5 – 6 years.

And really, I would feel pretty crappy about paying off my house with lottery winnings. Many people work very hard for decades to pay off their mortgage. Doing it with lottery winnings seems like cheating.

In short, ever since I started university, I’ve been following a dedicated plan involving career and finances that provides a lot of self satisfaction for a job well done. When I pay off my mortgage finally it will feel great (not because the debt is gone, because the dedication over the years has come to fruition.)

Likewise, I like learning about investing and hope to build a sizable portfolio over the next couple decades and once again take satisfaction in my research and dedication to a plan.

So in summary, winning the lottery would literally ruin all the hard work I’ve done over the past 10 years.

So what would I really do?

Pay off my parents debt and house, pay off my sisters debts and house, by them new cars, set up an RRSP for my parents, setup an RESP for my sister’s baby.

The only way I think I could truly “enjoy” the lottery winnings (and this is still cheating) is dontate the rest to charity over time such that the massive annual donations tax credit offests my own taxes to a balance of zero. (Probably could do this for 5 years before what’s left of the million would run out.)

I never buy lottery tickets, I also subscribe that they are an idiot tax. But I often get them for birthday gifts, etc.

If I won? “Sigh.” I would not be that happy. Here’s some common things people do.

1) Quit their job. I would NOT do this. I busted my ass to earn my bachelor’s and master’s degrees. I’ve also worked very hard to build a rewarding career. If I quit my job because I suddenly became richit would mean I wasted all that hard work and lost out on reaping the long term rewards.

2) Pay off their debts. I have had no debts since I paid off my student loans (which I worked two jobs after I graduated to do in less than a year, $19,000 paid off).

3) Pay off the house. Since I don’t own a house outright, this would be a no brainer. I’m planning on buying a house with my fiance next year. It will be my first house, but she has some equity in her condo. We will be putting about 40% down and I hope to have the house paid for in 5 – 6 years.

And really, I would feel pretty crappy about paying off my house with lottery winnings. Many people work very hard for decades to pay off their mortgage. Doing it with lottery winnings seems like cheating.

In short, ever since I started university, I’ve been following a dedicated plan involving career and finances that provides a lot of self satisfaction for a job well done. When I pay off my mortgage finally it will feel great (not because the debt is gone, because the dedication over the years has come to fruition.)

Likewise, I like learning about investing and hope to build a sizable portfolio over the next couple decades and once again take satisfaction in my research and dedication to a plan.

So in summary, winning the lottery would literally ruin all the hard work I’ve done over the past 10 years.

So what would I really do?

Pay off my parents debt and house, pay off my sisters debts and house, by them new cars, set up an RRSP for my parents, setup an RESP for my sister’s baby.

The only way I think I could truly “enjoy” the lottery winnings (and this is still cheating) is dontate the rest to charity over time such that the massive annual donations tax credit offests my own taxes to a balance of zero. (Probably could do this for 5 years before what’s left of the million would run out.)

I never buy lottery tickets, I also subscribe that they are an idiot tax. But I often get them for birthday gifts, etc.

If I won? “Sigh.” I would not be that happy. Here’s some common things people do.

1) Quit their job. I would NOT do this. I busted my ass to earn my bachelor’s and master’s degrees. I’ve also worked very hard to build a rewarding career. If I quit my job because I suddenly became rich it would mean I wasted all that hard work and lost out on reaping the long term rewards.

2) Pay off their debts. I have had no debts since I paid off my student loans (which I worked two jobs after I graduated to do in less than a year, $19,000 paid off).

3) Pay off the house. Since I don’t own a house outright, this would be a no brainer. I’m planning on buying a house with my fiance next year. It will be my first house, but she has some equity in her condo. We will be putting about 40% down and I hope to have the house paid for in 5 – 6 years.

And really, I would feel pretty crappy about paying off my house with lottery winnings. Many people work very hard for decades to pay off their mortgage. Doing it with lottery winnings seems like cheating.

In short, ever since I started university, I’ve been following a dedicated plan involving career and finances that provides a lot of self satisfaction for a job well done. When I pay off my mortgage finally it will feel great (not because the debt is gone, because the dedication over the years has come to fruition.)

Likewise, I like learning about investing and hope to build a sizable portfolio over the next couple decades and once again take satisfaction in my research and dedication to a plan.

So in summary, winning the lottery would literally ruin all the hard work I’ve done over the past 10 years.

So what would I really do?

Pay off my parents debt and house, pay off my sisters debts and house, by them new cars, set up an RRSP for my parents, setup an RESP for my sister’s baby.

The only way I think I could truly “enjoy” the lottery winnings (and this is still cheating) is dontate the rest to charity over time such that the massive annual donations tax credit offests my own taxes to a balance of zero. (Probably could do this for 5 years before what’s left of the million would run out.)

[…] rorybaskin wrote an interesting post today onHere’s a quick excerptWhen I win the 30 million:. 1. do the happy dance, scream, yell, and I will probley look like some one who has been possesed. 2. get a plan set up, who is going to look after the kids when my husband and I pick up the cash. … […]

[…] Rod wrote an interesting post today onHere’s a quick excerptrorybaskin wrote an interesting post today onHere’sa quick excerptWhen I win the 30 million:. 1. do the happy dance, scream, yell, and I will probley look like some one who has been possesed. 2. get a plan set up, who is going to look … […]

1) Do the silent happy dance
2) Leave my lazy CLS
3) Pick up my cheque
4) Buy mom new house
5) Quit job, invest, travel!!!

June 2006, i won the lotto, MegaMillion Cincinnati Ohio. $316,000,000 yeah that number is right. And on top of that i was the only person to hit the number. I bought the ticket at a Kroger on Short Vine Street. Was working for a school as a janitor at the time i was 34 years old. I have had to change my phone number, in a way its a pain in the ass. But the things i have done, places i have been and cars and property, business i have bought make up for it. I got after everything was worked out $106,000,000 million dollars. I have spend around $50k a month and with my investments and intrest i could spend 5Xs that a month. But i see no need. I spend a month now what it would of taken me 2 years to make when i was working.

if I ended up with 10 Million After Taxes in a lump sum I would
1) Put 10% 1 Million in a seperate account Money Market accout at 10% interest and designate various charities that the interest would be paid to for life I may have to set up some kid of trust that wont be touched after my death I believe i the log run God would end up getting a lot more than if I just gave it all at once
2) I would put another 10% 1 Million in a seperate account for my parents then use it to pay off all of there debt buy them some land and have a new house builtI would keepit in my name to avoid them paying givt tax and I would pay the taxes each year out of what is left also drawing 10% interest
3) I would put 25% 2.5 Millionin a third account with a 10% interest bringing in 250K gross a year dedicating 10% of that to the first account each year
4) I would pay off my current dept 200K house truck credit cards and all.
5) I would pay off my Bosses debt 200K or so because he took me in and traned me how to make a 100K a year on the phone recruiting and I would buy the company that both me and my wife work at she is VP of operations and I am VP of Financial Services another 100K or so should be enough then I would put him on 100K a year salary after putting 3 million into the company name it in an interest bearing account 10% making 300K a year paid in to my expense account that would pay all the company bills with so every year all bills are paid even if I dont bring a dime into it then I would take 1 million also put into the company for expansion upgraded office space then hire 10 people to make cold calls so that Jim and I can close
6) I would take my last million to buy a 400K – 500K dollar Home then sell the one Im in that I would already have paid off for 200K and I would buy my wife a new car 40K – 60K
7) I would have a professional company build me a 1969 R/T Hemi Charger 80-100K complete modern interior electrict windows door locks est Dont worry I wont use a numbers matching car and the 426 Hemi would be a crate fully blown for show and I would drive it back and forth to work
8) the last 300 plus would go in my account for my wife to go shopping for the house crasy will she complains about me spending so much for an old car

I need to make a correction instead of getting 10% Money Market rates in this curent market I could only get 4.75% at best

First i’d collect the ticket
then punch s0me civilians with joy
give half to the person hu sold me the ticket
take a bath in the money
wall paper my house with the money
make a dress out of the money
grind up the money nd make a eyeshadow out of it
then buy a pig.
to gaurd the money.

If I won the $30 MIllion lottery there what I would do:

Spend about $5 Million on cars (I’m a serious car lover)

Build a nice home, nothing too big, only $700K area

Put exactly $15 million ina savings account to gather interest which will gain interest of about $1 350 000 annually

I would buy a nice condo in a few of my favorite cities around the world (Los Angeles, Miami specifically)

The remainder would be left for decades of nice dinners, shopping, vacations, my grandmothers well being in her old age and my childs education

Well, my strategy was written up by a Delta airlines magazine column many years ago.

First, you need to win enough to be “set for life.” You can define that, but my guess is something like $10-20 million after taxes.

First, keep quiet. Make your plans with trusted attorneys and financial advisors. Realize that they’re worth modest fees — don’t stiff them, but make it clear that you’re not a gravy train. Somebody I knew that was well-to-do used to tell me that he always “bought lunch,” because anytime somebody bought his lunch, it cost him more than he would have spent …

If the newspaper calls about writing a feature story about the newest local multimillionaire, just talk about your stamp collection or something just as boring.

Second, quit your job. All your co-workers are going to be jealous. And don’t start a business. Lottery winner businesses almost always go broke … you don’t need the income and any help you hire may end up with the same attitude.

Then, I’d put some money aside for taxes (chances are your tax bill will be higher than the lottery authority will withhold; again, that’s why you hired tax and legal advisors), charity, gifts to friends and family, and enough money to live for a year or two — including some “mad money,” maybe a vacation home, new cars, payoff bills, whatever.

The balance would be invested conservatively (perhaps in tax-exempt bonds, etc.) with the plan to use the earnings of those funds to cover living expenses. Haven’t thought through the estate planning end of it … will leave that to the legal and accounting folks …

i plan on winning tonight :)
10-17-23-44-53=42
04-20-31-34-47=34
06-18-20-33-46=14
10-17-23-32-51=16

SAY THEM OUT LOUD

Hey Megan.. we need to talk, im Markus – the poster…way up the list there.. if you wanted to send me your email address.. :) thx

I’d make my own debt, and sell it to you all with interest.

You should figure out what that means.

Personally $30,000,000 easy.

Stick it in the bank, I already found out banks will pay up to 8% to have it all in there bank.

So imagine $30 Million x 8% is an interest of $2,400,000 or $200,000/month

Just leave $30 Million in the bank and live of $200,000/month I think that is possible for many of us..lol

Even a mansion would be $25,000/month plus cars, expenses etc you probably still have $50,000/month in cash

Makes me chuckle that so many people put “Pay off debts in full” at the top of their list. Screw that. Let the repo-man take my Visa and my crappy over-valued house too for that matter! Let THEM deal with my debts!

And forget about all the complicated “Set up 15% investment account with 9% cap gains and 4% dividends and diversify and blah blah” plans! Simplify, simplify, simplify!

I would take off (eh) to somewhere like Vietnam or Thailand where my $30M would get me 100 times what it would in Canada. I guess that would mean I would have to quit my job ASAP (and not be bitter about it like some people) and find something new to do. Like eat fresh mangos every morning and play pachinko in the evening. :)

Time is money, after all, so with $30M in the bank, I would have all the time in the world to enjoy it!

1. Pay my tithing.
2. Pay off all my bills.
3. Buy my parents an annuity or an interest paying trust fund so I could not screw it up.
4. Probably go to work for Children International full time for free in the Philippines and act like I was broke.
5. Continue to blog as well.
6. See if I could quadruple what was left as a legacy for my future kids.

As for other things? My tastes run to the simple. Not having to have a boss and a timeclock would do me for a while. I would probably invest in some cool rims and low profile tires for my SUV and a stainless steele Submariner, though.

…and finally take a nap without worrying about how I was going to pay all the student loans off!

I am not shure where some of you are gettig your numbers but after doing a lot of research i found out that if you play the mega millions or super loto or where ever you may be at in the us and you happen to hit the jack pot and you decide to take the cash option say you win87 the cash option is 65.5 mill . now listen his is true you dont pay any state tax an you only get taxed 25 percent . i used to think taht the taxes were worse until i started reading the free info on the state lottery web sites that they have under instructions so keep your dreams alive and get a good atty and finacial advisor before youclaim you prize there are even instrucions on what to do . posted on the internet if you just google it sokeep plaYING SOMONE WINS EVRY WEEK OR SO

I’d offer 10% to some trusting person to use their name to pick up the money for me. I would call a family reunion in some remote corner and invite all the family and leave them with a sum for attending. This I would do in different locations each year. Remainder not used would be invested.

Easy List:

1. Drive to pick up winnings (To verify it was real)
2. Hire a limo to drive me back home (4 hour drive from where I live)
3. Pay off current house, then rent it out
4. Buy new house ($300K – $400)
5. Quit jobs (Fiance and I)
6. Upgrade the wedding
7. Spread 5 million among family/friends
8. Buy season tickets to the Steelers
9. Buy 2 new cars and get rid of our old ones (Donate)
10. Throw the rest in the bank and live off the interest

I would sit on my ass everyday and watch TV, go out for dinner, travel, spend time with friends and family, continue playing music, have kids, etc. I would do the same stuff I’m doing now except I wouldn’t have to work for it. I’d have more time to enjoy life.

If I had a million dollars:
-choose place of destination to move there and change your phone number (unlisted and unpublished)
-go straight to the bank and pay my full debt in FULL.
-build a house (and it won’t be a mansion, because I am not spending my time everyday on housework!).
-don’t quit my job because I want to go to work without worry as usual.
-open a greenhouse for herbs and vegetables (yeah, I will include flowers, because after all, I gotta plant them to make the people’s homes look nice for the environment)
-open a restaurant of my own
-put away the money for my kids’ post-secondary education ONLY. If they want to get vehicles of their own and choose not to go to university, they can work for them ON their own.
-Put 10% toward a charity of my choice.
-Vehicles? It won’t be brand new at all. I am going to hire Chip Foose to overhaul my ’94 Ford Explorer. It’s my baby and I have no heart to give it up.

My Lucky Thirteen Things To Do:

1. Pick up winnings
2. Swing from that fantastic chandelier.
3. Depending where I have to go to get the winnings I would probably just take the bus home, and even though I’d be rich I would still skimp on the bus fare.
4. Build the dream home that has been on my desktop for almost three years now. (it has a theater in the basement)
5. Buy three cars to fill the garage, Mini Cooper Clubman (my fav.), Chevy Malibu for my mommy, and a golf cart ’cause there fun.
6. Take my Grandma to Germany, to see her family.
7. Spend the money needed to find her family.
8. Half of whatever is left would go into a Swiss bank ’cause personally I do not trust my bank, or any of Canada’s banks, been screwed by two different banks, that more than enough.
9. Fix the house I am in now and give it to someone I know who would appreciate it.
10. I guess I would buy the furniture and decorations to go in the new house.
11. Buy the bestest computer ever because, its not that I hate mine, its just that he doesn’t listen, at all, but i wouldn’t get rid of him, I love him too much.
12. make sure my sister and her kids would be okay till the kids got to college, well until the smart one got college.
13. Buy a chair that massages your butt. lol just kidding.
I would Probably buy my grandma’s house because she wants to move out and I love that house.

Two words.

Dijon Ketchup.

Wow…Wll first of all the government needs their share and there well…the obvious, pay the debt I owe help family and friends and then give away the rest! I don’t need millions of dollars nor do I want that much money. I would like enough to pay off our home and do needed repairs, get new cars for all three of my children and my husband and myself-set up a college fund for my daughter and granddaughter-take care of my parents and my husbands parents, do lots of random acts of kindness, make sure that in 10 years my hubby coud retire and then the rest give away to local charities. (The food bank, local shelters, childrens hospital and cancer research) I would love to be able to help those in need in my community!

i will buy an island,

If I won 10 million….

put 50k in my honda crx. I’m talking fully built mean machine.
Help pay off my dad’s debts.
Give my dad his dream trip to Australia with a lot of spending money.
Upgrade my Grandpa’s house ( since he really wouldn’t use the money anyways)
Establish an apartment complex and recieve rent moneys.
Buy a cheap but decent home ( around 100k range.) since I’m not really into big houses. I like regular. Don’t judge.
I’d keep my job. I love my job. The only thing that would change would be, me working parttime. (cable company)
Start a lawn mowing service
Complete my education.
Get a good financial aid to help me invest a portion of the money so I can gain extra cash.

When I buy my house, I will install a secret room underneath the house that has an atm machine that rises up inside my closet on an elevator type apperatus that is iris scan, fingerprint, and voice activated…and a key

See? Very simple. After blowing off about 100k on what nots, I’d be set. I will promise myself not to splurge it all on useless crap. I like to stay busy so it’s hard to understand why some people would actually like not having a job or at least further their learning.
I’d swear to myself not to take what I got for granted.

Oh boy what would I do? Not tell a soul for a while just knowing I won would be a sweet little secret that I could carry for a time. Then go to Winnipeg to pick up the $$. Pay off my ex for his 1/2 of the house. Smarten up said house, sell (hopefully for more then what I paid him 1/2 for!).
Buy (actually have built) a house about 500,000 or so, furniture etc. Holidays for my children and me, perhaps private school for my moody teen. I would live my life. Also give about 5 million to my friend who has always been there for me. A bit less for a couple of family members. 00$$ for the sister who has nothing to do with me.
Aaaah, that was satisfying…

I would give it ALL to my Ex-Wife in hopes that she would die from overspending on stupid sh*t…

I would keep $100,000.00 to pay for the ticket to watch it happen.

If I win 30 million dollars I’d pay my debts and make a huuuuuge billboards with my glamour pictures on it advertising some stupid sh*t and place it on each corner when my ex lives. And place same pictures on google and yahoo. That he would get sick of seeing my happy face. Sorry for the rest of the world, but hey, that would be my money ;))))

It’s been said winning the lottery can be a blessing and a death sentence.
For some it can be one nightmare after another. I think the reason why some people go broke so fast, is probably due to incessant pressure family members and friends.

Well here it goes

Depending on how big the winnings are. Whether or not if the lottery winnings is more than 30 million. If it’s 4.5 million, I would take stock in what my long term goals would be. Monitor my credit score. Place a spending cap on myself. About 5000.00 a month. No more than that. Act natural much as possible, while doing about day to day routines.
If it indeed is more than 30 million, I would still take stock, in what my long term goals would be. Be frugal in how I spend. Monitor my credit score.
I can see the challenges of winning the lottery.

• Keep my mouth shut.
• After confirming the winning ticket, I would wait more than a couple of months, and pick up my winnings. Then I would open a bank account, chequing and savings account. Keep things a secret.
• Put a spending cap on myself. No more than 5,000.00 a month.
• Try to get my home renovated inconspicuously as possible. Without raising any suspicion toward myself.
Renovations here cost about 1200.00. New roof shingles, new stairs and sidings.
• Reload my cash card and CashLink MasterCard by using a debit card.
• Write down on what I had bought on a black memo book. And keep a photographic memory on how much I spent.
• Use my CashLink MasterCard, reload it three times a month.
• Use my CashLink prepaid Cash Card as back up when I purchase things
• Make my payments online, do online banking.
• Think on my feet, rather than making any plans.
• With those winnings I would buy what I need and dress as I normally wear. Use those winnings wisely. Keep my mouth shut.
• Refraining from flashing money at the general public.

Of course Murphy’s Law will rear his head and go in full swing. Anything that can go wrong will go wrong.
For my father

• I would give my father a cheque (bank draft) 2000.00.
• Have him get a reloadable CashLink MasterCard (prepaid MasterCard). Since it would be convenient for him, and the maximum daily allowable load is 1,500.00.
• Mail him money orders 950 every month.
• Purchase a new pickup truck for my father. And have it delivered by barge or winter road.

For my aging neighbour

• I would order 300.00 worth of groceries and give them to him as an offering. Considering that groceries sold locally is expensive on Indian Reserve Land.
• I would make sure that he’s fully stocked with necessities.
• Order some old gent clothing, the ones for retiring elderly class, not the fancy ones.

For my half brother

I wouldn’t give him any money, considering the dangers out there.
But I would give him a few things,

• A new laptop something powerful and manageable
• Internet protection suite.
• External keyboard with a notebook mouse.
• A laptop stand.
• Groceries, something suitable for his dietary needs.

me again,
sorry about the second post.

In regards to Murphy’s Law, even the best intentions can be disastrous. A neighbour can be hurt or beaten badly. Among 1001 ways that can go wrong.

In basic terms you would have put a limit on yourself.
watch and look after yourself.
If you somehow won the lottery, the advice is none that I can give. You’re basically on your own.

Well, let’s see. Right now, I’m halfway through my studies to become a veterinarian in Australia – always been a dream job of mine since I was just a little kid. Then, depending on how much it was/when I win it, I would do the following:

$30 million end sum:

1) Pay off my student loans eventually

2) Help pay for my parent’s home loan (what’s left of it) ~$450,000

3) Head back to Sri Lanka and help out my grandma and my cousin – he just got married, bit of a $ problem

4) Go on holiday, visit my family all over the world – Mexico, France, England, Switzerland, various parts of America

5) Complete my masters degree and then get some experience working here for ~ 2-3 years

6) Donate to charities 5%, and another 5% to orphanages back in SL ($3 million all up)

7) Set my brother up with some money for Uni (he’s just finishing high school) and a car/apartment – can’t live at home all the time

8) Move to Los Angeles – there’s a bunch of Vet Clinics that sound quite interesting, favorite cousin lives there

9) Put 25% into a bank ($8-9 million)

10) Work part time, pursue my interests in golf and music!

If I won 30 Million:

1. Collect money
2. Pay off my student loan/line of credit
3. Quietly set up my own charity to give to families in need (Starting with Families I know)
4. Tell my Parents and grandparents (I would NOT tell my little brother because he can NOT keep a secret) I’d pay off there debts
5. Invest in local businesses
6. Start flipping houses/condos
7. Buy several of the rundown apartment buildings in my neigbourhood and fix them up. (All the tenents living rent free for a year while I do the fix ups, but then I’d up the rent (reasonablely for what I’ve put in them – I’d also cover alternate living arrangments while I’m doing major changes)
8. Invest, invest, invest.
9. Continue working normally for a few years (I’m only 20, it’s not like I’m running out of time!) With some extra vacations! LOL. Austraila first, then a European Disney cruise!
10. Attempt to get a job at Disney world!

I would set up my own organisation that educates people on how to not make babies if you cannot afford to feed them , instead of feeding the babies after they are made.
buy an apartment in a nice neighbourhood, set up enough money to have a monthly allowance that allows me to live comfortably,
get a part time job in a coffee shop where nice people come to get their coffee.
and not worry about spending it all since i have a long time to live

If so I Won lottery Some of amount do khairat (donate to poor people).
And I get some home need necessary things. Where our family can lead comfortable Life.
An spend in health issues.