Yesterday at work, we were having a discussion about the big lottery jackpot. I don't play the lottery, because there's a much worse chance of winning than there is a being struck by lightning, but I get it that some people enjoy playing.
Anyway, we were all discussing what we would do if we won the lottery. Everybody had these grand plans. I was the only one who couldn't come up with anything I would do with the money.
It's not like I have the greatest life and I have everything I want, and I can't say I don't worry about money, but I really can't think of too many things in my life that would be fixed with just money. I feel like I have all the money that I need right now.
Would more money keep my kids from fighting? Probably not. It would just spoil them. Would it cure any of the medical issues I've had? Doubt it.
Could you invest for a secure future? Charity? Fun to dream (I don't play the lottery either)ReplyDelete
1) pay off my house and car, 2) start a trust fund for college for my kids, 3) put some away for a rainy day, 4) splurge a little (but don't go all MC Hammer), 5) max out my 401k, 6) donate remainder to charity.ReplyDelete
Ditto what Renee said, but since I don't have any kids, I'd donate more to charity.ReplyDelete
It would be fun to give it all away.ReplyDelete
Pay off my med student loan debt (oops there goes most of the lottery), buy a reliable car, put enough into the college fund for the kids, buy a house and stop renting, buy a new couch and bed, then take a nice vacation with the family during the two weeks I have off from school.ReplyDelete
But...if you saved it/invested it, it could ease any stress you have about job loss, expensive health care issues, college for kids, etc... I don't play the lottery, I'd just lose money most likely, but if someone handed me the money, having that safety net would relieve a lot of stress.ReplyDelete
40% for me (bills, home, car,, furnishings, school, daughter's daily needs, savings), then: 1. College fund through post-grad for my daughter; 2. Vacation for Mom & Dad with their 3 kids & 6 grandkids; 3. Pay off M&D's house; 4. College for nieces & nephews; 5. Rest in rainy day fund for my daughter. We live fairly small so my daughter then parents would be my greatest splurges. A whole-family vacation to Europe would probably be the greatest thing I could do for my parents (besides taking care of my daughter & myself). My intelligent & kind-hearted daughter has plans for a career in social justice/human rights law so making sure she gets a quality education & had enough to support herself later would not only benefit her but would allow her to do good things (which often pay poorly) for many others. I know that her future work will be worth so much more to so many people than a few dollars that II could give now. (Yes, I sound like a mom but it's not just bias - honestly!) Anyhow, dream on!ReplyDelete