Ok, I broke down and purchased a lottery ticket for the Mega Millions today and to increase my chances of winning, I also joined two other lottery pools at work.
Let me be the first to say that I normally don’t play the lottery for various reasons but I’m making an exception today. I can’t pass up a $640 million jackpot….that’s a lot of money!
Can somebody say cha ching? Show me the money baby!
Everybody and their grandmother are playing the mega millions and rightfully so with the economy being the way it is currently. In California the people were wrapped around the building to get a lottery ticket and in New York they were selling thousands of tickets a minute.
Honestly…can you imagine what you would do if you won $640 million dollars? I can’t even phantom having that much money. I do know one thing….you could change the legacy of your family forever and be a blessing to some of your friends too!
Most people would tell you that I’m a frugal person but if I won mega millions, I wouldn’t have any problem splurging on a few things. 🙂
Below is a list of some of the things I would do if I had the winning numbers:
- Set up a Trust Fund (I’d take the lump sum payout, after taxes)
- Pay Tithes to my church and a few other charitable organizations of my choice
- Pay off all debts
- Move out of my current house and build a brand new spankin’ custom home with all the bells and whistles.
- Give money to family and friends
- Purchase my dream car…..a BMW 7 series
- Take a luxury vacation around the world for about 12 months…I need a break
I would save the rest and make sure that if I did have children they would have a college fund and other funds set up. Hiring a CPA or a CFP wouldn’t hurt. I’d definitely need help managing that amount of money.
The chances of winning are slim to none (1:176,000,000) you’d have a better chance of getting struck by lightning but it still doesn’t hurt to dream every once in a while.
What are some of the things you would do if you won the lottery?