If You Won The Lottery Tomorrow What Would You Do With The Proceeds?

kaneohegirlinaz said:
Why oh why did I ever make mention of this to DH? :facepalm:
He's already been on the `Net most of the morning and has called a realtor ... he wants to buy property as an investment ... NOOOOOOOO!
Click to expand...
Unless he's paying all cash it's a really bad time to buy with current interest rates. Wait til the end of 24 at least.
 
If I won, I'd get back on the road and continue cycling around the world, after I'd paid for the surgery I needed to make the possible again.

I'd also buy our first home together and update both vehicles. My 25yr old 4×4 is starting to show her age, and hubby's vehicle has been showing its age since day one. Most of the interior trim needs replacing but mechanically it has been sound. I'd also very myself set up with a nice big veg plot, plenty of decent soil and compost, fruit trees and other such useful things like that and get the whole lot fenced in to protect from wildlife.

I'd set about planting as many trees as possible in my purchase land and probably update a few things in the house, making sure that the fireplace worked without issue and wasn't going to set fire to the chimney etc. I'd get as many chooks, alpacas or llamas, sheep and some dogs as I wanted. I'd insist hubby kept his job else he'd get bored too easily, but I'd make sure we got to go away touring and travelling again... the house would be totally off grid of course.

I think I'd have spent it before it had arrived.
 
If it's a smaller amount than a million, invest it in the house.

If it's a really big amount we'd invest in the house and get an accountant to help us set up a plan so we won't waste it.
We're not currently subscribed to a lottery, so chances are small. But we do know some real estate worth quite a lot is coming to us somewhere the coming years, which will make us enact scenario one.
 
I already posted this in the General Chat thread, but I didn't actually win the lottery. I posted my lottery fib early this morning... April 1.

There is a kernel of truth in there. I do occasionally throw down a few singles if I get change at 7-Eleven, but it is really rare. As for winning, I won 5-bucks once. Woohoo! To me, the lottery is mainly a State tax on poor people who desperately want to not be poor.

If I were to miraculously win, cars would definitely be on my shopping list. The Audi SQ5 I posted earlier is on the list, but I could buy that one right now. It is basically the car I have now with a twin-turbo V6. Another car on the list would be a Porsche 911S. I would probably look for a classic car in rough shape, and restore it to sell, hopefully for a profit. The fun factor would be returning an old, neglected car to the road.

I wouldn't mind a modest summer house on Cape Cod.

There are some charities that I already support, that I could give a lot more money too. And yes, I'd up my support for this forum.

CD
 
caseydog said:
I already posted this in the General Chat thread, but I didn't actually win the lottery. I posted my lottery fib early this morning... April 1.

There is a kernel of truth in there. I do occasionally throw down a few singles if I get change at 7-Eleven, but it is really rare. As for winning, I won 5-bucks once. Woohoo! To me, the lottery is mainly a State tax on poor people who desperately want to not be poor.

If I were to miraculously win, cars would definitely be on my shopping list. The Audi SQ5 I posted earlier is on the list, but I could buy that one right now. It is basically the car I have now with a twin-turbo V6. Another car on the list would be a Porsche 911S. I would probably look for a classic car in rough shape, and restore it to sell, hopefully for a profit. The fun factor would be returning an old, neglected car to the road.

I wouldn't mind a modest summer house on Cape Cod.

There are some charities that I already support, that I could give a lot more money too. And yes, I'd up my support for this forum.

CD
Click to expand...

Restoring classic cars can be expensive. In 98 I bought my 66 notchback for 18k. I sold it around 2019 for $18k.
The guy that restored it in 98 spent $24k on it. Loss of 6k.
It had a bit of rust so needed some work when i sold it.

Russ
 
rascal said:
Restoring classic cars can be expensive. In 98 I bought my 66 notchback for 18k. I sold it around 2019 for $18k.
The guy that restored it in 98 spent $24k on it. Loss of 6k.
It had a bit of rust so needed some work when i sold it.

Russ
Click to expand...

That was a Mustang, right? To make money, you have to find a car that is rare. If that was a basic 289 Mustang, they are plentiful -- at least in the US. Then, you have to make sure all the numbers match -- chassis, VIN, motor. A lot of research goes into buying right in classic cars. That's actually part of the fun.

CD
 
caseydog said:
That was a Mustang, right? To make money, you have to find a car that is rare. If that was a basic 289 Mustang, they are plentiful -- at least in the US. Then, you have to make sure all the numbers match -- chassis, VIN, motor. A lot of research goes into buying right in classic cars. That's actually part of the fun.

CD
Click to expand...
I know all that stuff about numbers etc. Yes it was a stang . Not as plentiful here though. Remember I'm a car guy.
I bought it to fulfill a school boy dream.
I used to bike to school from hei hei to riccarton high school. On the way there is a ford dealer avon city ford. One day they had a 65? On display. I fell in live there and then. I swore 1 day I'd own one. Then I had disposable money and bought it in 98. I enjoyed it 20 years.

Russ
 
caseydog said:
I already posted this in the General Chat thread, but I didn't actually win the lottery. I posted my lottery fib early this morning... April 1.

There is a kernel of truth in there. I do occasionally throw down a few singles if I get change at 7-Eleven, but it is really rare. As for winning, I won 5-bucks once. Woohoo! To me, the lottery is mainly a State tax on poor people who desperately want to not be poor.

If I were to miraculously win, cars would definitely be on my shopping list. The Audi SQ5 I posted earlier is on the list, but I could buy that one right now. It is basically the car I have now with a twin-turbo V6. Another car on the list would be a Porsche 911S. I would probably look for a classic car in rough shape, and restore it to sell, hopefully for a profit. The fun factor would be returning an old, neglected car to the road.

I wouldn't mind a modest summer house on Cape Cod.

There are some charities that I already support, that I could give a lot more money too. And yes, I'd up my support for this forum.

CD
Click to expand...

I think we have played the lottery a total of three times. It isn't our thing either. It is still fun to fantasize about lol.

In my travels, I would plan on visiting some of my cookingbites friends and pay you guys to cook for me!
 
rascal said:
I know all that stuff about numbers etc. Yes it was a stang . Not as plentiful here though. Remember I'm a car guy.
I bought it to fulfill a school boy dream.
Click to expand...

i know you are a car guy. Over the last 15 years, most of my customers have been classic car auction companies and classic car collectors/investors.

There are two kinds of classics, collectable and drivers. It sounds like you bought a driver, and you did just that -- drove it. The cars that fetch big money, most often don't get driven. Sad but true.

I know a small group of people who have a knack for spotting trends early. They make good profits on the cars they buy and sell... most of the time. Classic cars are not a sure investment.

CD
 
We’ve never won anything big, but MrsT has a knack for winning small amounts here and there.

When we bought our Volvo in the UK, it involved a trip to the factory in Sweden to pick it up, and on the return trip on the ferry, she fed the last of her krona into a slot machine and won about $130US.

Another time, in Vegas, we were walking through a hotel casino and they had a giant slot machine situated by the entrance/exit, and she put a dollar in and won $100. Things like that have happened to her several times.

I don’t ever win 💩. :laugh:

Adding to my activities if I did win…while I’d be less inclined to support family members (especially the younger ones), I’d definitely enjoy giving money to random people - I’d tip my hair stylist $10K…I’d give the young woman at Kroger who scans my bottled water for me $10K, I’d give the young woman at Wendy’s who’s always friendly $10K, things like that.
 
I would put the money somewhere save for like 5 years and take some of it to try out some financial advisors. Then I would trust the most reliable one, make a financial plan on what kind of healthcare, housing, organic food, sports activities and retirement money I should aim for. Shouldn't be too greedy, if there's some remaining money I would give it to charity
 
You must log in or register to reply here.
Back
Top Bottom