If you won the lottery...

Tara - posted on 08/22/2010 ( 29 moms have responded )




Okay so along with the thread about money buying happiness, I thought I'd post a nice la la land type of query for all of you wonderfully opinionated ladies ;)

If you won $36 million (our recent Lotto Max Jackpot) what would you do with it?

Give as many details as you want.

Personally we would buy a large tract of land somewhere in the general area of where we already live and where our families are. We would then build the most green and self-sufficient home possible, including grey water recycling, compost toilet, geo thermal, solar and wind power etc.

We would also have a working farm, with any animals we want to eat as well as large solar powered green houses and tons of gardens, a barn with some horses for pleasure and some for work, and tons of space where all our likeminded friends could come and build there own piece of paradise and live and work with us. Ah.... to dream.....

We would also invest in our local community, we need a youth center, a proper day care and some upgrades to our parks and services. I would ensure that all the kids in our local area are fed and clothed and try to invest in small local green businesses.

That about sums it up for me.

Anyone else?

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LaCi - posted on 08/25/2010




Kelly, you've brought out the reality of it all. I'd get a total mommy makeover and set aside enough money that I can pay for my school all the way through the PhD. There'd still be plenty of money for charity.

If I won it today I'd flip some houses and give them to the women at the women and children's shelter I park at every day, and the homeless guys who chat with me in the mornings. People need homes.

[deleted account]

Wow! I'm much more selfish than most of you :( but oh well, that's me.

I would get my nose done. I've hated that thing since I was a child. I'm getting it done this winter anyway, but if I had $$, I'd do it NOW.
Next, I would pay off my mom's & Mom in law's homes & debt so they'd be set....might buy my mom a new house, her's kind of sucks.
I like my house, but I would have it built again on a bigger yard with a giant garage, a slightly bigger master bath, and 2 extra rooms.
I would invest the rest so I would have a steady income in interest.
I would go back to college and study just the stuff I am interested in.
I would travel with my family more often and to cooler places.
My son's college is taken care of, but I would continue to invest in that, in case he wants to pursue multiple degrees.

That's it for now :)

LaCi - posted on 08/24/2010




Well, first I'd make sure my entire family was out of debt and able to retire, they need it. I'd build my happy little green home, and then I'd build a happy little green neighborhood. Set aside nico's school money and buy a lifetime supply of fresh, arch supporting socks.

OH. And I'd give the sea shepherds enough money for a ship that doesn't suck, so maybe the next time I end up getting sucked into whale wars I won't be bored out of my mind.

Really though, other than paying off debts and making sure my family was living well, I don't know what I'd do with it. Would depend on which societal problem was pissing me off at the moment.

Jenny - posted on 08/24/2010




I love the idea of being a citizen of the world. I would immediately go to Costa Rica for a couple of months with the family while our house is raised a level and we worked out our life plan away from everyone else. Once we had our home base finished I'd move my MIL in to hold the fort and we'd hit the nearest airport. I would like to spend a good chunk of year in each country learning and travelling and participating in the community however we could contribute.

As far as my family goes I'd pay off a couple of mortgages for our parents and a few others and provide a college fund for whoever wants an education. My kids would get a downpayment for a house or business but will have to work for the rest of what they want in life.

Katherine - posted on 08/24/2010




Paying off debts would help us out. Student loans especially. I want to be debt free! I would buy anything outright(house just have taxes, upkeep and insurance). I would invest and make sure I socked money away for a rainy day. I would travel, that is one thing I wanted to do forever.
The one thing I would do charity wise is donate to The Susab B. Koman BCF, and Autism. I would donate to the local schools......and probably pay off my parents house because of allthey have done for me.
The problem is I don't play the lottery ha ha! I should start.

Jessica - posted on 08/23/2010




OMG. How could I forget?? I'd pay off our student loans! And DH's car. How awesome it would feel to not have any debt!

[deleted account]

Krista you are absolutely right. I suspect that if most of us were to win 50,000; 100,000; 200,000 that our lives would be radically changed anyway. My husband and I were budgeting and paying bills today and we have 2,500 left on his student loan. Once that's gone, our house is the ONLY debt we have left! Just having the student loan gone (by October is our goal!) would free up SO much income it's not even funny.

Also, we have good friends that recently won a huge, totally green house (in a raffle for a local hospital). They moved from their home in our neighborhood to the new house that is twice as big and twice as energy efficient. They are paying taxes on the house, but their monthly bill is LESS that it was in their tiny modest house. Their lives have changed, and they deserve it. They are doing good stuff with their freed up income. Plus they have the money from their old house that just sold.

Rosie - posted on 08/23/2010




when i was looking at realestate there (i know DREAM ON kati) there was a 5 bedroom house for 165,000. it didn't have walls or floors, or fixtures. you could live with that, right? gah!!!

Krista - posted on 08/23/2010




If I won $36 million, the first thing I'd do would be to grab my husband and kids and get the hell out of Dodge for awhile until all the furor died down. While away (in France preferably), I'd call a contractor to install a tall fence and gate at my house. I wouldn't move -- I love my home. So we'd pay off our mortgage.

Once THAT's done, we'd give a bunch away to family and friends, and would definitely invest in economic development in our community -- try to create some good jobs and help the place grow and thrive.

I'd sock a bunch aside for the kids and for our retirement.

And then? We'd invest the rest of the money and live off of the interest/dividends. With no housing payment, it wouldn't be difficult. And we'd travel as much as we could.

Heck, the husband and I were talking about this the other day, while watching Deal or no Deal. $200K would be a fantastic amount to win for us -- it'd be enough to pay off every bit of debt: mortgage, credit cards, and line of credit. That doesn't sound particularly exciting, but with no mortgage payment, our lives would be changed -- that would free up a LOT of money every month! I'd keep working and K could focus on his home business and do the stay-at-home-dad thing a few times a week. We'd be able to set aside some money every month for savings. We'd be able to afford a better car. We'd be able to take some nice trips every once in awhile.

I don't need $36 million. One one-hundredth of that would change my life immeasurably.

[deleted account]

Just a million would be plenty. Well, maybe 2 since I'd need the first mill to buy a house. See? After taxes and my cut you'd still have 16 million.... that's plenty, right? ;)

Rosie - posted on 08/23/2010




oh teresa!! i was a year ago today that we came back from out trip, so this past week or so has been filled with us reminising (sp?). both of us are totally depressed. lol. i'd be happy to share some with you-just don't expect a whole lot, lol!!!

Tara - posted on 08/23/2010




I forgot to add some stuff, and since we're dreaming... why not?
I like the idea someone had of having a big family dinner and then presenting everyone with their "gifts". I would give my parents enough money so they could stop working and pay off their debts. I would pay off my brothers debts and give him a nice little nest egg. I would set up investment accounts for all my children. I would also build a new house and barn for my hubby's parents and give them a big chunk so fil could retire. Then I would take all my family and close friends on a vacation to celebrate.
We would certainly be investing at least half of our total winnings, which in Canada means the full total, no tax paid on winnings here!!

Jessica - posted on 08/23/2010




Oh man. Buy myself some clothes. Its been a while! DS and DH too. Sell this piece of crap house and move somewhere else! DH wants to buy some land (several acres) and build a house so I imagine we'd do that. Put some away for our childrens' futures. Give some to my family. Invest the rest- I don't know anything about that- but I imagine we'd want to do something with it to make it last as long as possible.

[deleted account]

I would buy our own home..put money away for our children's futures.Then i would give money to better the lives of people and family i know..carry on as happy as i was before i "won the lottery":-) but feeling a little more at ease.:-)

Jessica - posted on 08/23/2010




I would settle all of my families and my own debts/expenses. I would then set up a pharmaceutical company and when it gets to a point that it generates more than enough sustainable income on it's own I would give free AIDS medication to those in the developing world. I would set up a village with the education and training it needs to be as self-sufficient as possible and build LOTS AND LOTS of clean water wells. :D

Jodi - posted on 08/22/2010




"first i'd want to cash it and roll around in it while naked- and possibly have sex on it too. :)"

And there is exactly one reason why we should ALWAYS wash our hands after handling money :P

Joanna - posted on 08/22/2010




I would pay off my parents, brother/sister-in-law, parents-in-law, and my own houses/cars. But that's still only about 1 million. I would also help my parents pay for my grandmother's care because she's in a retirement home with nurses and it costs some money.

For fun I would get myself a new car. I like the new Kia Sportage, personally. I would also buy my husband a new dirt bike. We'd look at getting a new house instead of this condo (because I am hating noisy neighbors). I'd take my mom and my best friend to Vegas for a girl's weekend of shopping and spa treatments. And I would go eat at a super fancy restaurant. That's really it for splurges.

The rest I'd put away for the girls' college funds, plus some savings, and then I'd donate to a few charities I like to support but can never give enough to.

Stifler's - posted on 08/22/2010




I'd give a chunk of it to my parents. They deserve it more than I do. I'd buy a normal house and renovate it and stuff and put a lot of it away for the future.

Rosie - posted on 08/22/2010




oh the things i would do. :)

first i'd want to cash it and roll around in it while naked- and possibly have sex on it too. :)

second i'd buy my immediate family houses, and myself a new house built exactly the way i want it!

i would travel, travel, travel!!! go back to kauai do all the things we couldn't do the first time because of money. then go to italy, then japan.
i'd maybe get a new car or 2. i'd love a 67 shelby mustang. i'd also get a sensible gas saving car like a prius or something that i can't afford right now.
that's it for now, i'm sure i'll think of more later!! :)

Mary - posted on 08/22/2010




There are so many things I would do (I've fantasized about this often). We would move to a somewhat larger home, and I would definitely cut back to working one night a week. I like my job, but I would love it if I was there less!

I don't have the time to go into all that I would do, but I know that I would give one million of it to the Baltimore Humane Society for the express purpose of caring for the tons of pit bulls that pass through their doors on a weekly basis. And, for those of you who know me on FB - that bigger house and yard would enable me to figure out a way to adopt Steve. I am obsessed with finding this sweet, sweet boy a home. I desperately wish that it could be mine!

[deleted account]

36 million? Get both my parents, my brother, and my ex-cousin-in-law out of debt. Pay my ex the $10,000 that I owe him for 'my' portion of the debt that he has. Buy a house. Set up a retirement fund for my self, college funds for my kids, donate to various things (not sure all what though), and just continue to use whatever I need for survival. Oh yeah, and take my kids and my mom on an RV tour of the US next summer. I've always wanted to do that. :)

?? - posted on 08/22/2010




Invest an amount into trust funds for my son and niece so they will never have to worry about money once they turn 18 and they can do whatever their hearts desire - school or travel or buy a house and start a family.

Invest a large portion to live off the interest.

Pay off mom & dads bills, house, debt and give each of them an amount of money to live off of.

Buy my dad a golf course and let him run it the way he wants too.

Buy a house for my sister so that they could move back with my niece. Invest a set amount of money so that they can live with the interest and not have to worry about both having to work.

Donate a large portion to a few different organizations that I support.

Upgrade our home into a green and self-sufficient house.

And then I would travel. I would see every place in the world I have ever dreamed of seeing.

Of course the people special in our life would get special gifts too... but that would happen often.

Sharon - posted on 08/22/2010




1. Buy everyone in my family modest homes

2. pay for a financial advisor for each member of my family

3. Build a giantfucking house for myself

4. build a giantfucking barn for my flocks

5. Invest money for each of my children & my nieces/nephews

6. Take everyone to Disneyworld for 4 - 6 weeks, modest hotel - HUGE SPENDING on crap! the word "NO" won't exist.

7. Putting some aside to cover missing salaries for the mega vacation (we may have to break up the mega vacation to accomodate work schedules) and to cover property taxes for everyone.

That should pretty much eat up the 18 mil. I'll go back to work because I go batty when I'm home for hours on end. Hubby will be busy overseeing all the building projects for a couple of years.

[deleted account]

Ooooo 36 mil, what to do, what to do?

First I would arrange a meal for all my family and close friends in a really nice hotel (because we all like a little luxury). Each guest would have a present which would be personal for them, which my hubby and I would give out along with a check for x amount of money/ trust fund details (for the under 18's) - I would have to work out the appropriate amounts.

I would purchase a beautiful house (but not too big I would not spend more than £500,000 on a house) and I would hire a cleaner.

I would organise an around the world trip for me, my hubby and our son. Which would include a stay in Africa where my hubby and I would help educate the children - I would donate to the school by ensuring that they have supplies for the children to use.

In the UK I would hold balls and events for the NSPCC and the hospice my nan passed away in along with a few other charities which are close to my heart.

I would make a donation to Taunton hospital emergency accomodation (as my FIL had a cardiac arrest down south and they provided a house for us to stay in free of charge while we were there).

That's the main things I would do, shame it's not true, although it's nice to dream :-)

Jodi - posted on 08/22/2010




That sucks that you have to pay tax on it Sara. In Australia, you don't have to pay tax on winnings. Mind you, I'd probably spend about that on donations of some sort....I just couldn't comprehend needing that much money.

[deleted account]

36 mil and Uncle Sam gets half so thats 18 mil...

Give to the church and missionaries.

Invest the majority and live off the interests. Then husband would quit his job or work very part time (he likes his job).

We'd buy a historic house and about 10 acres on a Mississippi River bluff. We'd restore the house and decorate it with local art.

And I'd hire a house keeper. Maybe a cook, but husband and I both enjoy cooking. Maybe a part time cook. We'd also be able to buy all local and/or organic foods.

I'd put enough away for my daughter and this future kid to go to any university or college they choose. I'd get a PhD, in something. It's one of those things on the bucket list but not attainable at the moment.

We'd likely adopt a kid or two.

I'd like to travel the world if the amount of money we have allows for it. I'd also like to invest in clean water/farm projects in poverty stricken places. Oh, and maybe invest or help train local teachers to improve education in those places.

I'd help my sister buy a house and get her life started debt free as soon as she graduates. And help my brother-in-law and his family get their own home. My other sister-in-law and my parents and husband's parents are pretty set financially, but they'd probably get a nice gift from us...something they wouldn't buy for themselves.

I'd give some to the special angels in my life. I have a much older friend that works in the dairy department at the grocery store. He's always so kind and has a special treat for my kid. The guy that serves us at our local Chinese restaurant is special to our family too. Always so kind.

And if there's enough, I'd help our school district get a better school breakfast and lunch program. Ugh...it's a pet peeve of mine.

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