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essay about if i won the lottery

essay about if i won the lotteryEssay about if i won the lottery -I'd also go on a relatively small shopping spree; replace my broken laptop and buy a few other things I've had my eye on (some new clothes, a Wii, some nice Christmas presents for my friends.) I'm not sure if I'd quit my job or not; I just got hired (as a cashier) and I'd feel bad leaving just before the super-busy holiday season. Probably put it in an account with a good interest rate and hope I got enough from it to live on, so I wouldn't have to worry too much about money.As much as I'm looking forward to it, my future career probably isn't going to make me rich.I would donate a chunk of money to the rescue center where we adopted our Great Dane (down to $100,000) 12.For $5 a month, children and pre-teens get a cool social site to play on." (Based on a running joke between the two of us.) Assuming it is AFTER taxes, I'd like to start a small family-support office in my hometown.I'd also hire a good financial planner/accountant/tax advisor person to help me figure out how to manage the money with the intent of helping to fund my nephews' college educations and increaseing the changes that I can live debt free for the rest of my life.Will you invest it, take a trip, start a business, quit your job, or give it to charity? One farmer asks another, "What would you do, if you won a million dollars?She has some saved for college, and I think this amount would cover the rest. They've spent so much money on me--this probably wouldn't even cover it all. I'd buy a really nice digital SLR camera and some lenses. It is 100 years old, so the boards it is built with are amazingly strong.I'd probably start a business with some of it, perhaps a recording studio or some other music-oriented business.I'd buy a Colonial-era home in Eastern Mass and restore it. I'd invest the rest (Probably only down to about $100,000 at this point.) I'd probably do this (in this order): (1) Pay off my husband's school debts, (2) Fund our (my husband and I) retirement accounts to the maximum and set up more investments for the future, (3) Fund our daughter's (and make new mutual funds for future kiddos) college plans to the maximum, (4) Gift a $100,000 to each set of our parents (because they've given us so much), (5) Gift some to our immediate family members - "requiring" them to use it for school stuff (with 7 siblings between the two of us..We often speak of if we won the lottery, we'd jet off to Italy and live in a small cottage in a beautiful small town. (Not that there's anything wrong with that) Develop a few of the projects I have in mind. Get back to practicing the guitar and stick with it this time. I would pay off all of our debts, then set the remainder up in a trust account with a mix of investments (and put the trust in the hands of a professional financial adviser because I'm not competent to properly diversify that amount of money).The rest would be invested 50/50 between some "serious" investments that would have reliable results (stock/bond investing) and also some unusual investments.I pretty much like my life just as it is — why screw it up?First of all, I wouldn't tell anybody that I received the million bucks.It will be a great opportunity to meet lots of exciting and smart people. Then I would have to open up a bunch of bank accounts just to hold the money while I figure out what do with it, because the FDIC insurance only goes up to $100,000 per account.I would "max out" our retirement savings (down to $216,000) 10.Assuming all that works out, a lot of extended family members that I don't know too well would probably start hitting me up for cash, especially the unemployed when with their great "business ideas".Oh, I'd also hold back enough for my boyfriend and I to enter the World Series of Poker twice, then I'd quit my job and spend time figuring out how to make this money make money for me. After that, I would purchase a hybrid or alternative energy car.That much money is beyond what I know how to invest right now, so I'd read some good books and talk to some good people. ) that I'd do with it, though, is use it as an opportunity to quit my job.I'd staff some counselors and support workers and contract with the state to assist families in the area.essay about if i won the lotteryTell us what you would do with a million bucks in the comments and be entered in a random drawing to win a $25 gift certificate from Amazon.com! I could possibly go to jail or have my accounts frozen, depending on where I got the money from.The fund will invest $10,000 to $20,000 on small startups like Reddit during their initial development stages. Well, first of all I'd have to hire an accountant, to figure out what kind of fees I have to pay, because I would be over the maximum income limit for a lot of things (such as my Roth IRA).We had also been looking for houses, and have had to put that on-hold indefinitely.I would send all of Chris and my parents on a vacation (down to $60,000) 13.Other than that, I don't expect winning a million dollars would change my life a whole lot.I would pay off student loans and then buy a house, though in this market I might wait a couple of years, until we know more of what is actually going to happen with real estate.it turns out to be a lot), (6) I would quit my very part time job and take up a fun consulting job or start a new business (so many ideas, so little start up and time) instead OR just invest a chunk to be used in the future for a new business, (7) Take trips to the top 5 world destinations we've been wanting to go to together (British Isles, China, Mediterranean, U. National Parks and Monuments, Europe) over the next several years, (8) Increase our current charitable donations (and probably make new donations to places we've been wanting to give to), (9) Buy some "useful" stuff - a bigger car (to handle the family better), some "makes it easier to live" baby/kid gear, a pda, etc. but we'd probably still be as frugal as ever and our lives would not change much. Invest $100,000 for retirement (mostly mutual funds, maybe some CDs) 4. Put aside $200,000 in safe accounts for our future home (multiple banks for FDIC coverage) 7.I would start a small venture capital fund modeled after Y Combinator. Wise Bread is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to I'd have time to write and have my own blog instead of wasting bandwidth on others-- if I earned any money from ads on my blog, I'd donate it to other bloggers.I'd use the profit to do good things for children all over the world. Then I would put most of it away to make compound interest work for me. Not a quick vacation but a few months here, a few months there. (Not that there's anything wrong with that) Develop a few of the projects I have in mind.I think I would also want to give some to a charitable organization. If I suddenly had a million dollars tax-free my husband and I would pay off our debt, take a modest vacation, possibly buy a small house (now that we live in a more affordable area), and invest the rest. first, I would put enough in the bank to pay taxes on it (if not a tax-free million). After that I would give some to the school library at my children's elementary school and the school library where I work.I think I would also want to give some to a charitable organization. Second, get someone to arrange a smallish cruise ship to go around the world and during the trip have poker pros holding various workshops. School library budgets are so small that a little will go a long way.I'd probably keep clipping coupons and living frugally, anyway. A couple of missionaries that I would like to support would get picked up for regular support.I've got plans to make it super energy-efficient.) Winning a million dollars would make buying a house possible.I'd want to help out my parents and give to charities, plus set up investments/give outright to my church.I'd pay off my sister's debts and give her $100,000.:) I'd put $20,000 in a college savings fund for my 17-year-old sister. We'll still live as frugally as possible, since we want to retire at age 52 or sooner. The next step would be to incorporate green energy into my house.it turns out to be a lot), (6) I would quit my very part time job and take up a fun consulting job or start a new business (so many ideas, so little start up and time) instead OR just invest a chunk to be used in the future for a new business, (7) Take trips to the top 5 world destinations we've been wanting to go to together (British Isles, China, Mediterranean, U. National Parks and Monuments, Europe) over the next several years, (8) Increase our current charitable donations (and probably make new donations to places we've been wanting to give to), (9) Buy some "useful" stuff - a bigger car (to handle the family better), some "makes it easier to live" baby/kid gear, a pda, etc. but we'd probably still be as frugal as ever and our lives would not change much. :-D *gleeful look* I'd pull out my wishlist and see how much I could buy (used)! Now - especially since I live in San Francisco - it's merely a 'lot' of money.Next I'd discretely pay 10% to my church as tithing, reflecting my gratitude and acknowledgment that nothing I receive is really mine anyway. I would take my wife out to a good dinner and then put the rest into a trust that could only be accessed by my grand-children for home buying and college, and forget about it.I would put a chunk of money aside for raising our family (down to $116,000) 11.I want to make a million dollars with my own steam and I don't want anyone to take away that opportunity from me. essay about if i won the lottery I have a pretty complex business idea in mind that would play off of my writing, art, and people skills, and I'd focus on that now instead of going slowly at it, as I am now.If you had a million dollars (tax free), what would you do with that money? (See also: Wise Bread Giveaways) There's an old joke people tell around here.2 - take some courses myself to pursue my various interests and possible career paths.Then I would live off the uninvested 50,000 for the first year and then the interest after that.If I added $1 million (tax free) to my assets, I would: The rest I'd take in cash, put in a wheel barrow, roll it in to my bank branch, dump it in front of my personal banker's desk, and say "Look at all this.We'd live frugally, but we would be so happy not because of what we could buy with our fortune but with the freedom that a large sum would grant us. Host the family get-togethers at my house with both sets of parents. Ask my wife to quit her part-time job and give her an allowance of $1000/month. Continue and expand my ministry of helping people by giving them free financial counseling and instruction. Live in a clean, low-maintenance house, in a quiet, private area. Hey, the good news is that most of this is doable with the money I already have. I would have a percentage of the return paid out to us each month, and add the remainder of the return to the trust's principal so that it will continue to grow.3) I would put 15% of the money towards retirement 4) I would put enough money away to send the kids to school 5) I would pay off my 1st mortgage ($170,000) 6) I would spend no more than $75,000 on stuff (furniture, a sailboat, a car, etc) and I would invest the rest in our various businesses and mutual funds.The thing is that I want to work,struggle, and learn on my own.And, at some point soon after that, I'd put in new windows throughout my house to help make it more energey efficient.3 - fix up the house some and consider moving (w/ my daughter's future education as a priority, both for convenience and to save money long-term). I would probably do the following: 1) Pay off student loans 2) Put some money aside (meaning invest it) for my retirement 3) Put some money aside for taking care of my parents 4) Start some sort of small endowment at my church 5) Look into buying a home, and whether it would be better to take a down payment out of that money and invest the rest and make mortgage payments or what 6) Have to see where things stood at that time; probably invest anything that's left over and decide what to do with it later First, I'd pay off my school loans and put enough aside to pay for the rest of this year, grad school, and living expenses during that time.Those sites make millions of dollars profit every month!1) Pay off student loans 2) Pay off mortgage 3) Invest 50% of remainder for retirement 4) Invest 25% of remainder for children's college funds 5) Invest 25% into home updating/remodeling If I had a million dollars, I would follow my same current plan: 1) I would pay off my student loans and my second mortgage 2) I would put 9 months of expenses in an emergency fund.The only thing that's stopping my fiancé and I from starting our lives together is money. Host the family get-togethers at my house with both sets of parents. Ask my wife to quit her part-time job and give her an allowance of $1000/month. Continue and expand my ministry of helping people by giving them free financial counseling and instruction.There's no point in getting hold of some filthy lucre and not acting like it.For fun, I'd buy out everything on my Amazon wish-list, sign up to go to Space Camp the following summer and hire some friends to make some other of my friends and me a really nice dinner.I guess with all things considered if you gave me a million dollars tax free I would probably just say "No thanks". With all of that goes, a million dollars isn't enough anymore. You pay taxes on everything you buy, and you don't qualify for any of these handouts that most people get including these stimulus checks. When you do have the million dollars all of this stresses you out so much that you really can't enjoy the half that you came away with. Invest the rest in index funds and stuff like that We are essentially debt free, so that wouldn't be an issue.I would fix up our current home (down to $650,000) 3. I would pay off our car lease (down to $906,000) 5.Tell us what you would do with a million dollars and be entered in a random drawing to win a $25 gift certificate from Amazon.com! " The other farmer thinks for a moment, then says, "I guess keep farming until the money runs out." I didn't give up very much to become a full-time writer (because I had been saving for this for a long time — the closing of the site where I worked just accelerated things by a couple of years). If I won a million dollars, we could move back up to the standard of living that we had when I was getting paid a salary.I'd certainly use some amount -- less than 50% -- to seed college funds for my two sons, and also pay off my mortgage. Some amount -- perhaps 10% -- would be 'fun money'.I know what it's like to not value what you've been given, and I am not mature enough for such a gift to not effect me. essay about if i won the lottery I would pay off my remaining debt, pay off my parents loans that they took out for my education, pay them back for that accident I had when I was 15...... $100K to charity and the rest to the retirement fund. I would pay off the debt I have (school loans and daughter's braces), buy the house in the mountainsthat my wife wants, replace my 12 year old truck, and then invest the rest for retirement.This would be including a great honeymoon to Ireland, France, Greece and Italy (down to $1,000) 15.Meanwhile I would find a part-time job I enjoy, take some more classes, maybe travel around a little bit.I'd also pay off my parents' house and possibly my sister's loans.I would invest much of it, and at somepoint (maybe now or later after said investments would pay off) pay off some student loans because even with a million dollars, paying off loans with 2.45% interest don't make sense or cents.I'd pay off my parents' mortgage and give them $300,000.I would utilize the "Couch Potato" investing method, with an expected return of approximately 10% annually, the interest essentially paying equivalent to my current wages (down to $306,000) 7. I would build our emergency fund (down to $276,000) 9.(10) And lastly, buy some "fun" stuff we've been wanting (but not too much, because we won't be moving from our tiny apartment, there's no "need" for us to move and buy, not to mention housing where we live would cost us about three-quarters of a million for somthing that's "just decent"... I'd probably do this (in this order): (1) Pay off my husband's school debts, (2) Fund our (my husband and I) retirement accounts to the maximum and set up more investments for the future, (3) Fund our daughter's (and make new mutual funds for future kiddos) college plans to the maximum, (4) Gift a $100,000 to each set of our parents (because they've given us so much), (5) Gift some to our immediate family members - "requiring" them to use it for school stuff (with 7 siblings between the two of us.. Put aside $100,000 a money market account to supplement my upcoming change to a lower-paying job and freelance writing. Give $434,000 to World Vision, IJM, and MCC (three charitable relief-type organizations--Christian affiliated without being missionaries) With a $25 amazon gift card------hmm.I would invest a large chunk of the rest of it, though I have no idea how, off the top of my head.(I want a small house within walking distance of downtown.The land would generate some passive income while leaving something for my children's inheritance. The rest, I'd split between investing in conservative stuff, like stocks and bonds, and I'd probably invest a hefty chunk in Wise Bread. My kids would have two stay at home moms- because at the level of financical consumption we live, a million would be enough for us.I'd donate $100,000 to 3-5 charities (anonymously, so I won't be hounded by other charities! There is no reason to waste the resources that are already in the house to build something else. Since I'm pretty young, and don't have debt or children/spouse, I think I'd just take it to the bank and plunk down something like $950,000 in a nice CD, set to mature at 5% interest every year.I'd figure out exactly how much I was dealing with, after taxes and get some advice on what to do with it.That would end up with a lose/lose situation for me, because I would either lose a lot of cash on their schemes or end up being known as rich snob of the family. I related to your comment so much, I had to respond.This would likely be a nice long vacation and some pointless spending.I can't imagine buying a house or something like that, not right now. All of the missionaries I support would get a big gift.Then I'd buy my own island and retire there with my family, sipping ice cold beers on a perfect white beach. I would pick up the volunteer work at my church that my mom had to walk away from recently-- I'd be busier doing that sort of stuff as my "job" in life- a philanthropist with my time.After that, I would buy myself a plane ticket to sub Saharan Africa and start a foundation that would help with education as well as maintaining their cultures, and live the rest of my days very, very happily. Other than life would go on pretty much the same as usual only with a bit more peace of mind.We often speak of if we won the lottery, we'd jet off to Italy and live in a small cottage in a beautiful small town. Live in a clean, low-maintenance house, in a quiet, private area. Hey, the good news is that most of this is doable with the money I already have. I sat down and estimated how much money I had earned in my lifetime, and it is about $486,000...earned over 32 years of working full time most years (3 years out for having babies, 2 years out for a near-fatal illness brought on from working too many hours with hazardous chemicals, and one year of unemployment due to the dot-bombs).Of course, the prospect of hitting home runs and earning billions is a nice bonus as well. Around this point I would probably be talking to the IRS, trying to explain to them how I magically aquired a million tax-free dollars (since the IRS general wants to collect taxes on my income). essay about if i won the lottery I would donate a chunk of money to the rescue center where we adopted our Great Dane (down to $100,000) 12. essay about if i won the lottery




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