The lottery

If I won the lottery, I would do a lot of things. One thing I'd love to do is start and run a charitable organization for single parents who are raising their children (ie, have custody of them) to be able to go to college. The organization would provide tuition and expenses, living expenses, and high quality childcare. It is too difficult for single parents to work, raise their children, and go to school, all at the same time.
 

Gaer said:
I never buy lottery tickets because I would not like to spend the rest of my life buying bigger an better things, dodging
people, spending money. Money and "things" bind you to earth, keep you from attaining the spiritual growth you could gain.
Winning the lottery would be the biggest HEX one could receive.
But, That's just me.
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I agree Gaer .
 
I worked with a woman that hit the lottery back when it was someting like $3,000000 [three millon] with a cash payout of something less .... do not remember the number.

She was broke in 2-3 years, gambled it all away, had to return to working.

The only 'smart' thing she did was to buy a nice house for her & her mother.
 
For my American friends ...........Here in Canada all lottery winnings are Tax Free, as are casino and race track windfalls. You get to keep every dollar you win. Here in Ontario, the profits from the Ontario Gaming and Lottery Commission go to fund medical care, especially for seniors like me, who require expensive medications. The infusions I get every 55 days for my Colitus cost over $10,000 per year, but thanks to the Trillium Fund, I pay nothing for them. Every time somebody buys a Ontario lottery ticket , a few cents goes towards covering the cost of my medication. JimB.
 
jimintoronto said:
For my American friends ...........Here in Canada all lottery winnings are Tax Free, as are casino and race track windfalls. You get to keep every dollar you win. Here in Ontario, the profits from the Ontario Gaming and Lottery Commission go to fund medical care, especially for seniors like me, who require expensive medications. The infusions I get every 55 days for my Colitus cost over $10,000 per year, but thanks to the Trillium Fund, I pay nothing for them. Every time somebody buys a Ontario lottery ticket , a few cents goes towards covering the cost of my medication. JimB.
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Good for you! Here in the good old USA, people are so uninformed about socialized medicine. Too much politics here that profits the politicians and not enough care for the people.

My hubby keeps telling me to buy lottery tickets or scratchers but I know it's like flushing money down the toilet.
 
My son is already our only heir and already joint owner on our house.
After making sure all our taxes were paid, I would take 100 million and give it
to friends and family. I only have one brother and his wife, my husband has 11 brothers and sisters, their children and their children's children but all the siblings and nieces and nephews would get a million.

Our churches would each get a million and then we start on our favorite charities, mine being The Brain and Behavior institute that does research toward a cure for schizophrenia and his is Habitat for Humanity.

Then I would start a fund to build commuter colleges in as many cities as possible where anyone can earn a bachelors degree at no cost.
Patricia said:
I only remember reading a few stories about people who won the lottery
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Here's an interesting one. My parents knew this man and lived in his town. His is a classic case of "money corrupts." He was a well respected small businessman and regular church goer. Immediately after winning he was doing good things like funding his church, but within a few years he was paying waitresses to strip in front of everyone. He gave his teenage granddaughter just enough money to get her murdered. His strip club and gambling addiction caused his wife to leave him and it was steeply down hill after that.
https://www.washingtonpost.com/hist...tery-winners-life-was-ruined-after-m-jackpot/
 
A friend of mine was talking about it earlier today, he asked me what I would do if I played & won [Idon't play] . I said well, I would have all my blacktop area ..... concreted ........ he laughed and said then what ? I said hell I don't know I've never had to deal with something like that .... my mind doesn't work in those numbers.
 
Never much interested in greater money or wealth. Not one that dreams about or envy's the rich, what they own or what they do. Another person that has never ever bought a lottery ticket. My father who began as a WWII Navy poker player was a compulsive gambler. As a long time Tahoe skier, I've gambled for amusement a bit in Nevada as a twentysomething but have attitudes against gambling. Do not like the structure of lottery systems. Instead of the massive prizes the media loves they use as a carrot, would rather see them offer many more smaller prizes say with maximums of $1 million that might actually help more people.
 
In order, I'd contact:
- our tax adviser
- our financial advisory firm
- our estate lawyer

I'd pay off mortgages for some family members and then use most of it for charitable causes. We have sufficient income to manage for ourselves, regardless of health as we age.
 
1st. move would be to take lump sum. That way federal taxes would be out of the way. The state I live in doesn't tax winnings, income or Soc. Sec. so taxes wouldn't be a problem. Next pay off all debts our sons have including equalizing any differences in debt. Next sit down with Fidelity account advisor to outline how to set up accounts for our sons so they have a minimum of 25 million each to draw from. Buy homes in tropical climates & mountains. Have private plane rental & pilot on speed dial. Last buy whatever wants we might have.
 
Gaer said:
I never buy lottery tickets because I would not like to spend the rest of my life buying bigger an better things, dodging
people, spending money. Money and "things" bind you to earth, keep you from attaining the spiritual growth you could gain.
Winning the lottery would be the biggest HEX one could receive.
But, That's just me.
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But @Gaer, you could open up your own gallery, buy an unlimited number of canvases and clay, lots of paint...I don't know what all that artists need. A ton of paint brushes maybe? Start an art school? Think of the possibilities!
 
caroln said:
But @Gaer, you could open up your own gallery, buy an unlimited number of canvases and clay, lots of paint...I don't know what all that artists need. A ton of paint brushes maybe? Start an art school? Think of the possibilities!
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haha! I already have my own gallery. I have clay and paints and canvas.
The only thing I can think of are bronze foundry charges. I could make as
many sculptures as I wanted., any size. Now, I'm limited because of the
cost of bronze. But no, I just do this for fun!
Worked 2 or 3 jobs my whole life. Now, I only want to enjoy!
Thanks, Carolyn!
 
I thought of something I definitely would do. I would buy around 500 sets of cheap ear buds. When I went out I would take a few with me and when someone is watching a video or listening to music through their phone speaker out on public ,I would hand them a pair of earbuds. Same goes for those in a store and are having a conversation on the phone with the speaker on.
 
I thought of something I definitely would do. I would buy around 500 sets of cheap ear buds. When I went out I would take a few with me and when someone is watching a video or listening to music through their phone speaker out on public ,I would hand them a pair of earbuds. Same goes for those in a store and are having a conversation on the phone with the speaker on.
 
rgp said:
OK, so no one hit the correct numbers last night. The pot is now $800,000,000 [hope that number is correct] {eight hundred millon} . My question is , seriously ... What would ones first move be if they actually won the darn thing ?? Attorney ? Finance advisor ? Favorite bar ? ;)
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I've heard that it is advisable to:
1. Tell NO one.
2. go into hiding immediately.
3 Tell NO one.
4. Hire a law firm, have them bring in financial advisers.
5. Tell NO one.
6. No high profile spending(mansions, yachts, aircraft) However, buying and re-locating to a small desert island is O.K.
7. Tell NO one.
8. In case it hasn't been mentioned before- Tell NO one.
Enjoy being filthy rich! šŸ„³
 
tonight's megamillion drawing is for $830 million, with a cash option of $487.9 million. That's before taxes.

I don't buy tickets midweek, so I can only hope it rolls over to the Friday drawing.
 
Just read that there were no winners in last night's drawing, so the Friday drawing will be for about a Billion dollars. That's right, Billion with a capital B!
 
Buckeye said:
Just read that there were no winners in last night's drawing, so the Friday drawing will be for about a Billion dollars. That's right, Billion with a capital B!
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