{"id":5185,"date":"2014-05-05T02:15:38","date_gmt":"2014-05-05T09:15:38","guid":{"rendered":"http:\/\/add-vodka.com\/?p=5185"},"modified":"2015-04-27T18:26:55","modified_gmt":"2015-04-28T01:26:55","slug":"what-to-do-win-lottery-million","status":"publish","type":"post","link":"https:\/\/add-vodka.com\/what-to-do-win-lottery-million\/","title":{"rendered":"What I’d Spend $32 Million on"},"content":{"rendered":"
I did something out of character today and spent $6 on a Lotto Max ticket. I never buy lottery tickets, mainly because I never have the chance, as I mostly pay at the pump at gas stations and avoid the lottery booths in malls. I also see playing the lottery as a waste of money, but I had to go into the gas station today and thought “why not?”.<\/p>\n
The few times I’ve purchased lottery tickets have always spurred a momentary daydream. I ponder what I’d do with the money if I won when I buy a ticket. Then I remind myself that if I won, it wouldn’t be all my money, since I’m getting married in July, so I can’t make all of the decisions.<\/p>\n
I watched a made-for-TV documentary one time about people who made their living playing the lottery. I would rather just work hard and earn my money the good old fashioned way, but it’s nice to be able to dream once in awhile.<\/p>\n
Here’s what I’d do if I won the Lotto Max $32 million:<\/p>\n
If I won $32 million, the first thing I’d do is .. nothing.<\/p>\n
Well, except for claim the prize and put it in a 100% safe, low interest savings account. This video<\/a> that Cait<\/a> tweeted out cites that on $50 million, a conservative estimate of interest earnings would be around $2,500 per day.\u00a0<\/em>That’s a lot of money! Even $1,000 per day is a lot of money, so I’d most certainly put the money away and let it accrue interest for awhile. Not that I’d need that $1,000 per day, but some charity would!<\/p>\n The biggest reason I’d sit on the money for a little while (say maybe a month) is because that would allow me the time to evaluate what I wanted to do with it. I wouldn’t want to make any emotional decisions, excited from a huge win, and end up regretting them.<\/p>\n The obvious thing that I’d do with my money after my little waiting period is pay off the mortgage, and buy another vehicle. I’d keep my car but J’s truck is getting old and tired. The last thing I’d want is for him to be stuck on the side of the road with a broken down truck, so we’d get him a brand new one with all of the bells and whistles. If he didn’t plan on working anymore, we’d just get a smaller car.<\/p>\n That would hardly put a dent in the money, especially if it were making a considerable amount of passive income through investments.<\/p>\n We’d of course pay off our\u00a0parents’ mortgage, fund the early retirements of our working parents, put some money aside to put my tween cousin’s through school\u00a0and give a chunk to charity.<\/p>\n After waiting, and then spending some of the cash on big ticket items, we would quit our jobs and travel the world. I’m not somebody who can be away from family and friends for extended periods of time, so we would try to rent a house or apartment in wherever we were travelling to, and spend at least a month in each destination so we could fly our friends and family members out to visit.<\/p>\n Meanwhile, the rest of the money would still be sitting in a relatively safe investment, accruing interest and making us passive income.<\/p>\n I’m not somebody who can just\u00a0not\u00a0<\/em>work, as I am a restless person who needs constant excitement, so I’d continue blogging and maybe freelancing, and of course volunteering wherever we end up.<\/p>\n I would be surprised if all of these things together would take up even close to $1 million of the winnings, so we’d have plenty of money to play with when we returned from our round-the-world trip.<\/p>\n We’d keep our current home and rent it out or perhaps let my brother live in it for free. We’d then find a perfect chunk of land, and build our dream home. It wouldn’t be huge, as we wouldn’t want to have to care for\u00a0a massive house, but it would be perfect for us and spacious enough for guests and children and anything else life may throw our way.<\/p>\n We’d buy boats, sporting equipment, and recreational vehicles and outfit our new house with lots of creature comforts. Depending on our boredom level, we would perhaps work part-time, or maybe start a business (like vacation rentals).<\/p>\n Both of us have always wanted to have kids, so after we did all of the things listed about we’d think about having some babies. We wouldn’t be constrained by financial worries or work schedules, so we’d be able to have as many as we wanted and that nature would allow us.<\/p>\n I’ve always wanted a big family (if money and time weren’t an issue), but who knows what would change after actually having kids.<\/p>\n <\/p>\n I wrote this a couple of weeks ago, and I obviously didn’t win the lottery<\/em>, but it’s fun to dream sometimes.<\/p>\n","protected":false},"excerpt":{"rendered":" I did something out of character today and spent $6 on a Lotto Max ticket. I never buy lottery tickets, mainly because I never have the chance, as I mostly pay at the pump at gas stations and avoid the lottery booths in malls. I also see playing the lottery as a waste of money, …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[231],"tags":[95],"yoast_head":"\nBig Ticket Items<\/h3>\n
Quit the Day Jobs & Travel<\/h3>\n
Return to Canada and Build Our Dream Home<\/h3>\n
Have Babies<\/h3>\n