The recent Powerball jackpot win of $US1.3 billion was the biggest in history. While it’s nice to day dream about being handed a pile of cash for doing nothing, we want to know: what would you actually do with that money?
Photo by Robert Couse-Baker.
Would you squander it on big-ticket luxury items? Fund a video game? Use all those investing skills you’ve learned? Let’s hear it.
Comments
3 responses to “What Would You Do If You Actually Won The Lottery?”
I would spend $1.2 Billion on wine women and song, then squander the rest of it.
I would finally be able to be with the love of my life…my soulmate, we could live off the interest and never have to worry about letting go of each other.
Some TV chat show did a live interview with some random that had just bought tickets – “I see you just bought some tickets. What would you spend it on if you won?”
“Hookers and cocaine”.
Sometimes live television delivers pearls.
For me, it would depend on how much it was. Under $10m or so, probably property to set myself up with rental income, over that other options would come into it, but in general I’d become a slumlord and live off that income plus interest on the remainder. Plus some to family.
Win $1-2m, it would just pay whats left of the mortgage off, get me a rental property (or two), with any remainder sitting in the bank.
If it was some massive amount though, I dont know, and I personally dont think anyone can know until they are in that position.
If there had been a single winner in that massive US lottery, and they just lived off interest they could have gotten around $25m a year. Thats $500k a week which you might be able to spend that for a while, but not for the rest of your life, its just not in most peoples nature.