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Whether We Win the Lottery or Not

J Money at Budgets Are Sexy asked us all what we would do if we won that $500 million Powerball lottery last week.  I’m sure that you all are just shocked that I already had a plan, lol.  Here is what we would do if we won the lottery.  And honestly, even when we never win a lottery, this is probably what we are aiming for over our lives anyway.

If We Won Millions of Dollars

1.  Boring stuff.  Get a financial lawyer and a money guy.  And we’d claim the money anonymously (allowed in TX).  Since coming in to fast cash can lead to problems with others, we would never tell anybody except those we end up sharing our money with.

2.  Split the cash with whichever group we won with.  So that’s either two of our friends or our uncle and his buddy.

3.  Pay off our rent house’s last $23,500.

4.  Pay off current house’s $207,000 mortgage.

5.  NOT move.  I never want to move again.

4.  Ask roommates to move out and front them a month’s rent to make it easier (don’t want them to know we won the lottery, but want to be nice enough to have no hard feelings so they go easy.)  I do want my house to myself eventually…

5.  Give closest family members equal cuts.

6.  Charities.  Probably start my own.  One for animals and another for people.

7.  Sell my Aveo and buy a red VW Beetle – then pimp it out with black spots and doors that open up instead of sideways.  I always wanted a Lady Bug.

8.  Replace hubby’s Prius with a newer one…he likes his Prius but it has a bunch of miles on it and if we were that rich, we’d probably get a new one and drive less instead of taking care of maintenance stuff on this one.

9.  Live off of the interest and take lots of vacations.

10.  Still blog.

Back in the Real World

When I looked back on that list, I realized that we’d probably do most of that stuff whether we won the lottery or not.  So I guess my general life goals are pretty set in stone no matter our financial circumstances:

1.  Boring stuff.  Get a financial lawyer and a money guy.  And we’d claim the money anonymously (allowed in TX).  Plus, we would never tell anybody except those we end up sharing our money with.

2.  Split the cash with whichever group we won with.  So that’s either two of our friends or our uncle and his buddy.

 

3.  Pay off our rent house’s last $23,500.

4.  Pay off current house’s $207,000 mortgage.

5.  NOT move.  I never want to move again.

4.  Ask roommates to move out and front them a month’s rent to make it easier (don’t want them to know we won the lottery, but want to be nice enough to have no hard feelings so they go easy.)  I do want my house to myself eventually…

5.  Give closest family members equal cuts.    Help family members as needed.

6.  Charities.  Probably start my own.  One for animals and another for people.  Support charities I personally would volunteer for.

7.  Sell my Aveo and buy a red VW Beetle – then pimp it out with black spots and doors that open up instead of sideways.  I always wanted a Lady Bug.  I might do this way, way in the future, but it is unlikely that I would ever convince myself to splurge like that.

8.  Replace hubby’s Prius with a newer one…he likes his Prius but it has a bunch of miles on it.

9.  Live off of the interest and take lots of vacations.

10.  Still blog.

Rich or Not

Whether we have millions tomorrow or in the next 30-40 years, we seem to have the same general wants.  We want to be debt free, we want reliable transportation, we never want to move on purpose again, and we want to spend time travelling and with friends.

Believe it or not, relooking at my list actually made me smile.  It’s good to know that rich or not, we can accomplish our highest priority goals.  It’ll just require us to splurge way less than if we won $500 million, hahaha.

Does your dream list and real life list coincide much?



FYI:  I worked at a dead end cubicle job from 2005-2011 for about $30,000 per year.  I went self-employed in July 2011 and make between $70,000-$90,000 through blogging, professional pet sitting, hubby's reffing, and our rental home.  If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you, PLUS a free custom header banner from me!).  Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!
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5 thoughts on “Whether We Win the Lottery or Not

  1. Great post and I love how you tied it in with how you plan on doing things when you don’t win the lottery. I would agree with many of these. I would probably move to a slightly bigger house in our area, I would probably buy another house or two that we could travel to, maybe Florida and Hawaii 🙂 Definitely improvements in cars and such, but we’d probably stick here in Michigan because that’s where family is. They’d get taken care of as well. If I won $500 million, I could envision spending less than 2% on splurge stuff, 1% on family and the like, and the rest would be set aside to live a comfortable life.

  2. I think our rich and poor (not-rich) goals are the same – well, mine are anyway! 🙂 I would pay off all debt, splurge a little on new cars for the both of us, buy a slightly bigger house, give our current one to some family members in need (is that bizarre?), probably pay off or down the debts of my parents, in-laws and siblings… I would probably still work because I like to, or maybe I would make my blog my job. Thinking about that much money gets me all stressed out though, which is why I don’t gamble. LOL.

  3. @Money Beagle, sounds good to me. 🙂

    @Mel, giving your home away doesn’t sound bizarre to me. Sounds nice. Maybe sell it for $1 for tax reasons instead, but that’s for the money guy to handle, lol.

    @Lance, about the same here. 🙂

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