Monday, May 19, 2014
If I won the lottery
Some people say money will not bring you happiness but I believe it will if you make the right choices. I know for me money will definitely bring me happiness. Living paycheck to paycheck is not fun or a good way to live. The only bad thing about winning the lottery in Florida is that you do not have the option to remain anonymous. I did research this before and some states you can claim your prize anonymous and others you cannot. I think it would be better to remain anonymous so strangers and even people you know don't try to con you out of your winnings. Before I would claim my winnings I would hire a lawyer to help with the legal aspect and a financial advisor to help me with proper money management. I would take a lump sum amount versus payments over amount of time because taxes could be raised so you may pay more in taxes. I would pay all my debt off so I wouldn't have to worry about collectors. I would purchase my own home so that I don't have to worry about a mortgage payment. The would purchase a modest house since it is just my 4 kids and I. I would put an equal amount in a savings account for my 4 kids for college. I would purchase a new car as well. I would give my parents money so that they can take all the vacations they want since they are both retired. I would also have my financial advisor invest some of my money. Of course I would donate to a few charities as well. If only I could win the lottery I would definitely like my life so much more.
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I wish I won the lottery too. Even though some people say money don't buy happiness. I think that's dumb because it would buy mine. like you said give our kids and our self a better life.
ReplyDeleteI always wonder what I would do if I ever won the lottery... my first though is always about my mother and what I would do for her.. Good luck and I hope that you do win someday!
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