Millions of people buy tickets for the lottery with hopes and dreams of the possibility of winning. Statistically, very few people win compared to the number of tickets purchased. Basically, 1 person in 300 million will win a lottery.
But what if? What would I do after winning a lottery? Simple, first get an attorney, a tax person, and a financial advisor other than myself. I would need the attorney to keep others from trying to get the money. A tax person to make sure the government does not get more money than due. A financial advisor so I could have the money invested to work at making more money by ligament means. Winning a large amount of money is not the answer to the problems, it only creates new problems.
First, I would not tell anyone I won. Not my children or family or coworkers. The state I live in does not require the name of the lottery winner to be made public. No one would know until I had received the money and secured it. Only after the money was secure would I tell my children I feel sure would not spread the news of my winning a lottery. My coworkers would never learn I had won a lottery. I would continue to work as I did previously. Not quitting my job after learning I had won. It takes time to verify and process the winning ticket. The house payment and other bills still need to be paid, so continuing to work is a necessity.
Once the money was mine, taxes paid, I would pay off the mortgage of my home. I would causally look for another place to purchase, with more land and perhaps a second home to use for guest or my husband’s aging parents. Causally look for a home, what does that mean? Well, it means I would not be telling the real estate agent I had just won the lottery. I would look myself at properties for sale until I found one I wanted to purchase. Then I would use a third person, probably the attorney, to contact a real estate agent to help obtain and close the deal.
Once I had purchased a new place to live, I would sell my current home. Quit my job stating that I was moving for family reasons. Then I would not work an outside job any longer. There would still be plenty of work for me to do as I would continue to raise sheep, gradually increasing my flock to 100 breeding ewes. I would spend time riding my horses, writing, doing my art and reading books. There would be a few trips to visit family and especially the grandchildren.
Spending the money – I would only spend half the interest earned from the lottery winnings after securing a new home. There is a budget for the new home. I would only spend a tenth of the winnings on a new home, in combination with the money I would get from selling my current home.
I would drive an economical vehicle but not too showy or pricey. Not my thing. Practical transportation with some comforts like heated seats. I would continue to dress the same, same jewelry as I am still who I am.
I would pay off my children’s college loans and fees. Ease the burden on their households. I would also, if within my budget pay off the mortgages of their homes. Freeing my children from a monthly expense of paying for a home, would allow them more money to spend on the children’s needs. I would not buy them all new vehicles or even a new house. They can get the rest of the money once I am gone, as I do have a few decades lived.
I do not have any places I really want to visit or events to view. I enjoy my simple country life.
amtolle
Me, Myself and I 