First, I'm a firm believer in getting rid of debt if you have any. I would wipe out all bills, balances, etc. that have been hanging over my head. That would free me up to do more fun things. I just don't think I could enjoy the money if I knew I still had debt....because if by some small chance I blew it all, the debt would still be there, but the money would be gone!
Then, I would put a good portion of the winnings in a college fund for my children. It would be a great feeling to know their education could be taken care of for future years! I'd love to be able to allow them to go to school without worrying about loans, and my oldest says all the time that he wouldn't want to go into medicine or law because he'd spend his entire career paying back his debt! I'd love to be able to allow them to major in whatever they wanted without the burden of debt weighing them down!
Of course, I would have to create a savings stash. I would divide a portion of the winnings up into several investment and savings accounts. Hopefully, the interest and dividends would help secure my future for a long time! A lot of people say they would quit working, but unless the amount was very substantial, I think I would continue to work just because it would give me a sense of accomplishment. Again, there are a lot of people out there who once had a lot of money...somehow they hit rock bottom, and are now struggling....I would not want to be one of those...as the old saying goes, "Easy come, easy go"!
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I would also share a portion of my earnings with my family. I believe that saying of "to whom much is given, much is expected", and I would want to share my abundance with the people who have helped me in life. It's much more fun helping those who have helped you..especially when you are financially able. I'd also make sizable contributions to charities. I think I would just feel better by sharing instead of hoarding all the money. It does no one any good just sitting in a bank!
As a treat to myself, I would then go and splurge on some of the things I've always wanted but never thought I could get. A new house, a nice ride, just some simple daily pleasures I would like to be able to enjoy without dreading creating a bill! There are things I'd like or places I'd like to go, but I put them on the back burner because it wouldn't be financially smart to indulge at this time, but with those winnings, I think I may have to have a little fun!
In summary, the one thing I would NOT want to do is to let my winnings change the type person I am! No amount of money should corrupt who we are or make us forget our values. So many people let money and fame rule them, and they end up with shallow, meaningless lives built around that green dollar bill, but haven't been able to sustain any relationships. Life shouldn't be built around money...because if that leaves you and you have made that your world, then what do you have? Absolutely nothing.....
"Money is only loaned to a man. He comes into the world with nothing and he leaves with nothing."William Crapo DurantFounder of General Motors and Chevrolet.









