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ť If you won the lottery whats the first thing you would do?

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If you won the lottery whats the first thing you would do?

P: 4/29/2009 9:39:47 AM
Maisie Ideal Rock Total Posts: 7,769 Last Post: 11/24/2009 Member Since: 12/30/2006	I would buy a fabulous car and a huge diamond! I would go house hunting too and get a lovely big family house.
Posted: 4/29/2009 9:39:47 AM

There are 63 replies to this message. There are 30 replies on this page.

P: 4/29/2009 9:43:32 AM
KimberlyH Ideal Rock Total Posts: 6,555 Last Post: 11/24/2009 Member Since: 6/15/2006	Depends on how much I've won. If it's a ton of money I'd dump a bunch into retirement, buy myself and my husband new cars, and buy the house we're in love with.
Posted: 4/29/2009 9:43:32 AM

P: 4/29/2009 9:44:10 AM
BeachRunner Ideal Rock Total Posts: 835 Last Post: 11/24/2009 Member Since: 7/30/2008	Pay off my student loans and vehicle (or just trade it in for something fabulous!) I'd go shopping, give some to family, then travel!! When I came back, I'm sure FI and I would buy a modest house, and I'd probably further my education. Is that boring?
Posted: 4/29/2009 9:44:10 AM

P: 4/29/2009 9:44:12 AM
elledizzy5 Ideal Rock Total Posts: 5,887 Last Post: 11/24/2009 Member Since: 4/25/2008	1. PAY OFF MY STUDENT LOANS! - Buy my parents a new house in a location that they'd be happier - Buy my brother a really cool condo - Buy FBIL and FSIL a cool place in downtown Chicago - Buy FMIL and FFIL ... maybe a really cool RV? They'd love that. - Buy FF and I a house in our dream neighborhood - Pay for a wedding Invest the rest! ~ Let all the people of the world say what they please I alone know what I do ~
Posted: 4/29/2009 9:44:12 AM

P: 4/29/2009 9:44:13 AM
elrohwen Ideal Rock Total Posts: 1,949 Last Post: 11/24/2009 Member Since: 5/20/2008	Hmm, I would probably put it in the highest interest savings I could find and then sit on it for a few months until I decided what to do. At this stage in my life, I would most likely use it to buy a house. And maybe a little sparkly on the side ~Elrohwen
Posted: 4/29/2009 9:44:13 AM

P: 4/29/2009 9:58:04 AM
NewEnglandLady Ideal Rock Total Posts: 3,158 Last Post: 11/25/2009 Member Since: 7/27/2007	Invest it. Travel.
Posted: 4/29/2009 9:58:04 AM

P: 4/29/2009 10:02:26 AM
Bia Ideal Rock Total Posts: 4,336 Last Post: 11/24/2009 Member Since: 3/28/2008	If it was quite a bit, 20 million or more, I'd set up a fund and give immediate family each an equal share to the pot, while still allowing most of it to collect interest. Then I would: -Buy our dream home in our dream neighborhood and buy a boat to tuck away somewhere -Plan an amazing vacation for FI and I, and our families...the people we want ONLY -Plan our wedding -Pay off any debt -Help extended family (to a point...because with my extended relatives, this here will get very tricky) and just be exhilaratingly happy ________________________________________________________________________________________________________ Have no fear of perfection - you'll never reach it Salvador Dali
Posted: 4/29/2009 10:02:26 AM

P: 4/29/2009 10:06:54 AM
lulu Cut Rock Total Posts: 493 Last Post: 11/24/2009 Member Since: 7/11/2003	We have a friend who rescues dogs no one wants. He essentially lives in a barn with 40 dogs and lives on donations. Sometimes he can find them homes. We always talk about buying him a huge piece of property with kennels and barns. Until the big one happens we'll just keep sending him a donation every month. lulu
Posted: 4/29/2009 10:06:54 AM

P: 4/29/2009 10:07:37 AM
Maisie Ideal Rock Total Posts: 7,769 Last Post: 11/24/2009 Member Since: 12/30/2006	I would also give some money to charity. I would choose one that deals with neonatal deaths and stillborn babies. I got carried away with the material things for a minute!
Posted: 4/29/2009 10:07:37 AM

P: 4/29/2009 10:13:19 AM
gemgirl Ideal Rock Total Posts: 2,534 Last Post: 11/24/2009 Member Since: 2/8/2003	First I would thank God. Then I'd pay off every last bill we have including my mortgage. Then I'd just sit on the rest and think about the best way to save it. I wouldn't touch the remaining principle amount, but I would probably spend some of the interest on things like a yearly vacation and really anything that we can't have now with such a tight budget.
Posted: 4/29/2009 10:13:19 AM

P: 4/29/2009 10:14:04 AM
Madam Bijoux Ideal Rock Total Posts: 3,054 Last Post: 11/24/2009 Member Since: 7/15/2005	I would get a 10++ carat D color marquise. If I had anything left after that, I would go to the Oak Room at the Plaza Hotel and have a drink. "I never met a diamond I didn't like." No jewel is as beautiful as a cat's eyes. Madam Bijoux (Gabrielle)
Posted: 4/29/2009 10:14:04 AM

P: 4/29/2009 10:14:34 AM
princesss Ideal Rock Total Posts: 4,581 Last Post: 11/24/2009 Member Since: 3/18/2007	Hire a financial planner to advise me of the best first steps, then learn how to manage my money. Pay off all my college loans. Plan a really fantastic trip. Not sure if I'd take it right away, but I'd definitely plan one! ______________________________________________ "It's hardest to love the ordinary things, she said, but you get lots of opportunities to practice." Storypeople
Posted: 4/29/2009 10:14:34 AM

P: 4/29/2009 10:21:33 AM
lucyandroger Ideal Rock Total Posts: 892 Last Post: 11/24/2009 Member Since: 12/12/2008	I love to daydream about this..even though I don't play lotto. lol 1. Pay off student loans 2. Buy a home (multiple homes if it were A LOT) 3. Set up trusts for immediate family members and charity 4. Allocate a chunk for SO and I to go on a crazy shopping spree 5. Save and invest the rest. * "At this point, going to law school is like starting to smoke. Its expensive, its probably going to kill you, and its a stupid life decision. But some people just dont care." ATL *
Posted: 4/29/2009 10:21:33 AM

P: 4/29/2009 10:27:48 AM
gaby06 Ideal Rock Total Posts: 1,166 Last Post: 11/20/2009 Member Since: 3/14/2009	I will buy my dream apartment
Posted: 4/29/2009 10:27:48 AM

P: 4/29/2009 10:29:51 AM
tlh Ideal Rock Total Posts: 4,065 Last Post: 11/24/2009 Member Since: 12/31/2008	DISAPPEAR. It is amazing what people come out of the woodworks for money... even family. "I like smiling. Smiling's my favorite!" Will Ferrell ~ Elf
Posted: 4/29/2009 10:29:51 AM

P: 4/29/2009 10:32:24 AM
D&T Ideal Rock Total Posts: 7,501 Last Post: 11/24/2009 Member Since: 10/27/2008	pay off my house and student loan, then buy my parents a house as well, then travel travel travel with the family,, and oooohhh....finally getting that dream honeymoon!
Posted: 4/29/2009 10:32:24 AM

P: 4/29/2009 10:40:19 AM
Bia Ideal Rock Total Posts: 4,336 Last Post: 11/24/2009 Member Since: 3/28/2008	Which reminds me...MEGA Millions jackpot in NY is 220 Million. I am playing this week for sure. ________________________________________________________________________________________________________ Have no fear of perfection - you'll never reach it Salvador Dali
Posted: 4/29/2009 10:40:19 AM

P: 4/29/2009 10:40:24 AM
mrssalvo Ideal Rock Total Posts: 16,860 Last Post: 11/24/2009 Member Since: 1/3/2005	pay cash for a house then go a long family beach vacation... ETA: while vacationing I'd be having the new diamond I buy set and the new eternity band made so they'd be ready when I got back ----------------------------- A deal is only a deal if you are getting exactly what you want.
Posted: 4/29/2009 10:40:24 AM

P: 4/29/2009 10:47:20 AM
Hudson_Hawk Ideal Rock Total Posts: 4,550 Last Post: 11/24/2009 Member Since: 11/2/2006	It depends on how much it was. If it were just tens of thousands I'm pay off my small minor debt (ccs, cars, and such) and put it in savings. If it were a large amount (like $500k or more) I'd pay off our house and my student loans and then pay off the other stuff. Yes, I would use 'most' of it for bills and debit and I'd do it as soon as the money hit my bank account. why pay another day of interest when I could afford to pay it off all together? I might set aside $10-50k (depending on how much we won)or so for a treat for FI and I. If I had Boku bucks I would pay off my parents houses and put money aside for my little brother's college fund after paying my debt and putting alot in savings. That's Mrs. Hudson_Hawk to you... Over and out.
Posted: 4/29/2009 10:47:20 AM

P: 4/29/2009 10:53:07 AM
LaraOnline Ideal Rock Total Posts: 2,039 Last Post: 9/1/2009 Member Since: 2/25/2008	Date: 4/29/2009 10:14:04 AM Author: Madam Bijoux I would get a 10++ carat D color marquise. If I had anything left after that, I would go to the Oak Room at the Plaza Hotel and have a drink. That's cool. Working down the list till the money ran out... I would pay off our house, our business loans and basically every debt I can find. Then I would buy some investment property with a view to getting a 'nest egg' for my kids. (My mother was of the 'spend the kids' inheritance' viewpoint...I'm not doing that... Then I would put some money aside for each of my kids, although come to think of it, not sure how I would invest that, so perhaps scrap that... Then I would buy my man the fishing boat of his dreams. Then there would be money left over for me to spend on sparklies... hopefully enough to match the boat expenditure! but 'realistically - seeing as this conversation is just soooo realistic - I would probably spend about one third of the boat money... Then I would give my MIL and my mum money,(to match the sparklies expenditure... no doubt my mum will immediately go overseas lol ) and possibly buy two self-contained units that would be suitable for them to live in near me, should they choose to use them. No doubt my siblings and b-i-l and family would expect a little somethin', enough for a fancy smancy car I guess, but I would give them a lump sum rather than a gift... Then I would renovate. The rest of the money would be used to invest... And then a plank in reason broke... Emily Dickinson
Posted: 4/29/2009 10:53:07 AM

P: 4/29/2009 11:01:38 AM
Elmorton Ideal Rock Total Posts: 3,750 Last Post: 11/23/2009 Member Since: 7/6/2007	How much winnings are we talking here? I'd need quite a bit for my plans, haha. 1) Pay off my student loans/debt 2) Pay back my parents for all the money they loaned me for school/wedding/etc. 3) Pay off my car 4) Pay off my house 5) Finish the basement in my house and other home improvements 6) Go to Italy 7) Start a college fund for future kiddos 8) Get a bad a$$ 3-stone EC 9) Get DH a new car 10) Go back to school take my sweet time getting a PhD without any financial woes/career pressure
Posted: 4/29/2009 11:01:38 AM

P: 4/29/2009 11:38:07 AM
monarch64 Ideal Rock Total Posts: 9,557 Last Post: 11/24/2009 Member Since: 8/12/2005	1. Pay back my parents for education, cars, etc. 2. Pay off all other outstanding debt 3. Travel the world! "Go confidently in the direction of your dreams. Live the life you have imagined." Henry David Thoreau
Posted: 4/29/2009 11:38:07 AM

P: 4/29/2009 11:50:10 AM
EBree Ideal Rock Total Posts: 6,656 Last Post: 11/24/2009 Member Since: 8/31/2005	The first thing I'd do? Hire a financial planner to discuss saving/investing most of it. First big purchase? I'd pay off my mom's mortgage.
Posted: 4/29/2009 11:50:10 AM

P: 4/29/2009 11:55:59 AM
alli_esq Ideal Rock Total Posts: 697 Last Post: 11/14/2009 Member Since: 3/18/2008	of course, depending on how much... quit my job and find a better one. ____________________________ "You seem very calm for a woman who's getting married, I said & she nodded. It's on my to-do list, she said, so there's no point in agonizing about it." Storypeople
Posted: 4/29/2009 11:55:59 AM

P: 4/29/2009 11:57:26 AM
MC Ideal Rock Total Posts: 8,868 Last Post: 11/24/2009 Member Since: 2/8/2003	After doing the financial planning and legal stuff. . .I would: Buy a home Furnish that home Travel Buy presents and hire an in-home nurse for my friend who is sick with MS Give money to my in-laws because they've been very helpful to DH and me during times we've had money problems. If I only won a million or two, I'd be careful with how much I spent because that amount of money wouldn't go very far and I wouldn't want to be one of those lottery winners who ends up broke! I might not even buy a new car because I'd want to lay low under the radar so to avoid long-lost friends/family coming out of the woodwork.
Posted: 4/29/2009 11:57:26 AM

P: 4/29/2009 11:59:15 AM
tigian Ideal Rock Total Posts: 1,386 Last Post: 11/24/2009 Member Since: 2/25/2009	hmmm...so fun to think about! I would: -pay off student loans -pay off car loan -pay off my parents mortgage -buy my husband a motorcycle -buy some diamond studs -get my doggies some new toys -put money into saving until we are ready to buy a house -give family members an equal amount -fund a dog rescue that my husband would like to run I'm sure there are so many more things I would do, but that is it for now.
Posted: 4/29/2009 11:59:15 AM

P: 4/29/2009 12:24:19 PM
Dancing Fire Ideal Rock Total Posts: 10,227 Last Post: 11/24/2009 Member Since: 4/3/2004	all i want is to net 7 million after tax then i'll buy ... a 2 million dollar house and built a big koi pond in the backyard. buy a few diamonds. buy a few watches. buy a new car. it is always harder to find a "mind clean" stone than a eye clean stone.
Posted: 4/29/2009 12:24:19 PM

P: 4/29/2009 12:28:14 PM
doodle Ideal Rock Total Posts: 1,373 Last Post: 11/23/2009 Member Since: 2/23/2008	Pay off my stupid student loans! Oh, and open my own wedding planning business. I'm mildly obsessed!
Posted: 4/29/2009 12:28:14 PM

P: 4/29/2009 12:29:54 PM
MC Ideal Rock Total Posts: 8,868 Last Post: 11/24/2009 Member Since: 2/8/2003	Date: 4/29/2009 12:28:14 PM Author: doodle Pay off my stupid student loans! Oh, and open my own wedding planning business. I'm mildly obsessed! That's great that you'd still have plans/a hobbie to keep yourself busy. What else would one do after winning the lotto? Play on PS all day?
Posted: 4/29/2009 12:29:54 PM

P: 4/29/2009 12:30:51 PM
Gypsy Ideal Rock Total Posts: 14,306 Last Post: 11/20/2009 Member Since: 8/9/2005	Depends how much I won. But anything over 2 million (after taxes) and the first thing I would do is quit my job and register at the GIA for jewelry manufacturing courses.
Posted: 4/29/2009 12:30:51 PM

P: 4/29/2009 12:43:37 PM
Sabine Ideal Rock Total Posts: 2,883 Last Post: 11/21/2009 Member Since: 8/16/2007	I would quit my job and hire a financial planner...I'm a bit too practical to go overboard and would want to plan exactly how much I would need for my future before making any big purchases. How boring am I?
Posted: 4/29/2009 12:43:37 PM

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