If you won a million $ lottery, what would you buy for yourself?

[Pinky]

I would buy a chicken coop

 

[bgelber]

I would go for a bigger piece of property, so I could take in more rescue's ( at the moment we have 8 cats and 6 dogs ). Be more self sufficient by building a orchard, having wind and solar power.

Build a bigger and better coop and have more chickens and ducks!!!

 

[sourland]

Trust me, winning a 1 million $ lottery does not change your lifestyle significantly. Now, if I were to win a 10 million $ lottery, I might have to wear something other than blue jeans and flannel shirts.

 

[HHandbasket]

Land, a house, and a reliable vehicle.

And I would totally give up what I'm doing for a living now. I've been at it for 27 years, and I'm ready for a change.

ETA: Another thing I would do for myself is take care of a few people who've taken care of me ... keeping balance in the universe is a way of taking care of one's self.

 

[welsummerchicks]

Well if you win 1 million and you take cash you get about 40% of it. The taxes, everything is taken out before you get it.

400,000 dollars can buy a piece of land and a house in some parts of the US, but the property tax will be far higher on a bigger house and land...somehow you'll have to pay that after all the lottery money has been spent on the land and house.

And anything expensive that you can buy, is pretty much like that. Expensive cars have expensive insurance and upkeep, expensive animals need vet care and training and such.

It's hard to find anything that you could buy for 400k that doesn't put a heavy long time financial burden on you after the lottery money is gone.

Realistically, I'd have to give gifts to some relatives and would make some property improvements, plough the rest into an insured annuity. Setting aside liquid cash for emergencies is always good. Money spent on education, training for a better job, getting health care one's been missing, etc.

But a big lifestyle change is not good. It's better to stick with what you know, and put the money into things one actually lacks that one needs. Sometimes buying a business is possible, but it better be thought out very, very carefully or the entire investment could be lost; many businesses fail every year.

And for people who don't have experience handling money, they are better off getting a lot of guidance and even having a budget set up and having an accountant, as long as they can oversee what the accountant is doing so they don't get ripped off. Managing money is not at all easy and it is easy to lose it all. Having good financial advice would be crucial.

I think the tv shows of people buying cars, huge houses, all sorts of expensive toys, are dumb. I think that they should show where the person is at longer term when they do that. Usually, long term, in worse shape. Money is just not that easy to manage.

 

[Rozzie]

Even at $400,000 wow...what I could do with that! It "would" change my lifestyle quite a bit.

I'd pay off the mortgage on both of our homes. (One is almost paid off anyways.) Then, I'd pay off the last 2 years on my car loan and pay off my student loan. Pay off a few other scattered smaller debts. Half gone now...

I'd buy myself a kiln & a new pottery wheel, and spend about $200 on my son and about the same on my husband.

Then, I'd put the leftover $200k away in a low-risk fund to grow interest for a very long time.

Having no debt, no mortgage, and no car loans would change my lifestyle a bit...

 

[Okla-doodle-doo]

Buy a ranch in Oklahoma and stock it with all kinds of critters and birds and spend the rest of my life enjoying it! Oh yeah the rest I would take care of all my family,get them places of their on,far away from mine!lol

 

[wolftracks]

Just got this on another site.

I need tons of money

First.........clone my husband. No matter what.

Anything left, buy some property and anything after that goes to our kids, investments and big donation to Children's Hospital Oakland.

 

[Moabite]

Quote:
X2 Great minds...

 

[JustAChickenLittle&More]

Well after family and charity, the only thing I would probably do is get a bigger house, with more land, and a large state of the art barn for more chickens, and more chickens, and more chickens....and well you get the idea.