peasquared
Drama Llama
Posts: 5,764
Jul 6, 2014 23:59:59 GMT
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Post by peasquared on Jan 13, 2021 19:26:50 GMT
My DH and I talk about this all the time. If, in a trillion years, it were to happen, we would travel the United States, stopping in every town we came to. Once there, we would talk to church leaders, superintendents of schools, etc to see who in the community needs a helping hand. It could be a new roof, new car, medical bills, or something that is just keeping a person from living a better life. We don't want to just hand out money, but instead get them the things they need. Then move on to the next city. Wish it could happen.
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Post by katlady on Jan 13, 2021 19:34:40 GMT
One thing we’ve discussed is if we would completely remodel our current home or buy something new. I like where we live, I like my neighbors, but the house is not our dream house. And we are in an HOA community so we can’t just tear down and rebuild. We would set aside money for the kids. We would travel. And we would donate a lot.
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Post by peasapie on Jan 13, 2021 19:36:15 GMT
Oh when do they pick this? I thought I missed it. jeremysgirl I love your idea. It sounds divine. I've always wanted to own a little coffee/book shop. There was one in the upstate town where I lived and it combined my two favorite passions. But most of all I would donate to my favorite causes: animal welfare, children aging out of foster care, and feeding the hungry.
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Post by iamkristinl16 on Jan 13, 2021 19:59:52 GMT
I would probably not work at all. Dh might open up a restaurant. He loves to grill and use his smoker and has talked about starting a food truck. I would build or buy an amazing house (or more than one) and have help with housekeeping, cooking and laundry so that We could travel, scrapbook and read.
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iowgirl
Pearl Clutcher
Posts: 4,316
Jun 25, 2014 22:52:46 GMT
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Post by iowgirl on Jan 13, 2021 20:30:21 GMT
THe first thing I would do is sell the cows! LOL Goodbye girls! See ya later!
The first thing my husband would do is buy MORE cows.
We laugh at the though of that big money and how long it would take to lose it all farming ..
It's so fun to think what you could do with all that money and how many people you can help. But I also think how it would absolutely ruin your life and your children's lives. I only know (and I don't know him that well) one person who one a seriously large lottery. And that was a long time ago. They had to put their children, who were high school age, into protective security. His wife ended up passing from cancer shortly after. So money doesn't fix everything. He has been a huge doner to his university, and has given a large portion of the money away. Life is good for them now, but at the time of winning - it really upended their lives. He was very comfortable before the lottery win. So having pot loads of money thrown at him really didn't dramatically change how he lived his life.
I really wish you could remain anonymous with the win.
I would want to give a lot to our local school system, but I would want to be somewhat specific on how it was spent.
I would want to start a really good affordable daycare that paid the workers well, but people could send their kids there and not spend the entire paycheck on it.
Funding scholarships would be awesome too.
I'd build me a big old electric fence around my farm and zap anyone who tried to go over it! LOL
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lesley
Drama Llama
My best friend Turriff, desperately missed.
Posts: 7,341
Location: Scotland, Scotland, Scotland
Jul 6, 2014 21:50:44 GMT
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Post by lesley on Jan 13, 2021 20:34:17 GMT
In my voluntary job, I’ve been mentoring a young woman (25) who has just given up her full time career (HR for a nationwide supermarket chain) to pursue her dream of setting up a community enterprise for women with mental health issues. She is one of the most committed, inspiring people I have ever met, and the first thing I would do with a big lottery win is give her as much money as she needs. I think most of my charitable endeavours would be centred around mental health. Counselling, group activities for young people like outward bound trips, crafts, music therapy, etc. I would also find a new home for the local branch of the charity I volunteer for. Our building is old, cold, and has no disabled access. I would find a nice modern building with lots of facilities for volunteers (massage, hot tub, pastry counter, and so on.) 😂 Personally, once I had made sure my family and friends were ok, and I had found the perfect home for me, I would buy myself a bunch of dogs. All the breeds I love - Labradoodles, Irish Wolfhounds, Spinone, etc. I would employ someone to pick up all the poo and walk them, but I would spend all my time just enjoying canine companionship.
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SweetieBsMom
Pearl Clutcher
Posts: 4,785
Jun 25, 2014 19:55:12 GMT
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Post by SweetieBsMom on Jan 13, 2021 20:47:18 GMT
I'd quit my job. I'd like to think immediately but we're in year end so I'd probably tell them immediately and work thru our Q1 reporting so my last day would be April 30th. I'd actually have time to learn all the things I have on my list (photography, quilting, knitting, and the list goes on). I'd like to donate to causes that are important to me but I want the ability to do it anonymously. I do that now when I make donations (granted they are WAY smaller than they would be if I won the lottery), I don't want anyone making a fuss. I'd probably set up trusts for family and my friend's kids. I'd pay off all debt for my family/friends.
Honestly the biggest blessing that a lottery win would allow me is to set up a trust for DS. He has autism and it keeps me up at night thinking about how he will be able to provide for himself in the future. A trust would remove that worry (good Lord, if I didn't have that worry, what would I do with all my free time??). I'd still expect him to have a job but he'd have a cushion knowing his needs were taken care of.
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Post by sam9 on Jan 13, 2021 21:00:27 GMT
That is a really huge amount of money and I have no idea what I would do with it. My first step would be finding someone I trust who is very wealthy and already doing lots of good in the world. Maybe Bill & Melinda Gates? I don’t have a clue. That much money would probably be a large headache.
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Post by originalvanillabean on Jan 13, 2021 23:03:50 GMT
I would hire a team of folks to authenticate stories (going to miss rent, can't afford RX, need a car, need to pay for a surgery etc..) and randomly take care of these types of things, for people. I would have a shell corporation or entity, so they would never know. Things would just get handled. A big RAK I guess you could call it.
And I'd get a new car too.
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Post by simplyparticular on Jan 14, 2021 15:55:37 GMT
I used to think about this regularly as I pass a Mega Millions billboard on the way home from work. I wouldn't quit right away, and when I did, I would give a large donation to my job's capital campaign, and future fund the staffing in fundraising at my non profit, so the new people could try new things without as much risk. I would create a trust for both children, especially my youngest with autism. One thing I wouldn't do is form a foundation. There are already BILLIONS tied up in foundations that isn't benefiting society, it's just writing commission checks to a lot of fund managers and kicking off a paltry annual 5%. And same with Donor Advised Funds, where the donor can put the money away with the tax credit now, but it can sit for generations without doing what the tax deduction requires it do - benefit society. Can you tell I have strong feelings about this So I would start giving it away thoughtfully, but not through the mechanism of a foundation with investment funds tied up.
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Post by workingclassdog on Jan 14, 2021 16:00:54 GMT
One thing we’ve discussed is if we would completely remodel our current home or buy something new. I like where we live, I like my neighbors, but the house is not our dream house. And we are in an HOA community so we can’t just tear down and rebuild. We would set aside money for the kids. We would travel. And we would donate a lot. You could just move your entire community or neighbors you like with that much money!! haha...
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Post by workingclassdog on Jan 14, 2021 16:09:43 GMT
I don't know these people personally but my aunt and uncle live in a small town in Missouri. I mean very small.. I don't even think there are subdivision type places.. Everyone lives on big acreage or semi-big. Last time I saw them they were taking me around to look at possible houses to buy. They drove me through this small town and told me this story how their 'neighbors' (miles away from them..lol) won big at the lottery. They stayed in the town they lived. Built a HUGE freaking house on top of a hill that they built overlooking the town and countryside. Built houses on each side for the kids. It's got all the amenities you can dream of. They rebuilt the fire station and I believe they helped or flat out remodeled the school. Otherwise they live there and do their thing. We happened to see someone pulling in the driveway (gated of course).. gave the big old country wave to us as we drove by (kinda slowly so I could take in the house). Of course their car was some decked out thing. But my aunt/uncle said pretty much they are just the way they were, just living life out.. just on top of a huge hill and being fancy.
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Post by birukitty on Jan 14, 2021 23:53:51 GMT
First thing I'd do is buy my parents a new larger house (their's is small and crowded and my sister who is on medical disability lives with them) with separate living spaces for both of them and my sister. I'd give them lots of money so my father could finally retire if he wants to (he's still working at 81 full time and says it's because he wants to) and live out their years with no worries at all. Next I'd like to start 3 animal sanctuaries and find qualified, experienced people to run them. One would be for elephants that would be rescued from circuses, from terrible zoos in other countries, from places where they've been chained up and made to work all of their lives in solitary conditions like in Thailand. The second one would be for rescued primates like chimps, orangutans and gorillas. And the third sanctuaries would be for big cats like tigers and lions who have been rescued from private people, circuses and private zoos. Or anywhere they needed rescuing. Last thing I'd do is two-fold. I'd buy for my family two houses: One in Maine where we could live during the spring and summer and one is St. John, USVI where we could live during the fall and winter. Then I'd buy myself my dream sailboat and I'd finally have the money to take my dream sailing trip around the world taking as long as I like, stopping wherever I wish and taking photos with my camera, writing a book perhaps as I go of my journey. When I got home I'd finish the book include a ton of the photos and hopefully get it published. The book wouldn't be the ultimate goal-that's just be the icing on the cake. The ultimate goal would be the journey, the people I met along the way, the change in me from getting through the difficult times and pushing through them and never giving up-hopefully I'd be able to do that.
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Post by ScrapbookMyLife on Jan 15, 2021 2:54:08 GMT
If I won that amount, I would:
Prefer to remain anonymous.
Retire.
I would still "live simply". I wouldn't have multiple cars, a huge house, or buy expensive clothes or jewelry. I love studio apt style living, so I may have a slightly bigger studio than I do now.
If I were to splurge on anything it would be fly, first class.
I would travel. I think I would have a small home base to come home to, but most of the time live in a small RV on the road.
I would randomly pay for things or hand out money to random people..... pay for a grocery bill, pick up the check in a restaurant, pay an auto repair bill or for someone's new tires, leave a big tip a food server, randomly stop by the store that sells major appliances and pay for someone's new fridge, dryer, water heater, etc...
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Post by AussieMeg on Jan 15, 2021 3:26:11 GMT
Not if I beat you to it!! That house is amazing! I just bought a lottery ticket for tomorrow night, but ours is *only* $5 million. So I'm not going to get too much change from the $4,995,000 asking price.
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Post by AussieMeg on Jan 15, 2021 3:38:10 GMT
I really wish you could remain anonymous with the win. Wait, what? It isn't anonymous there? Well that really sucks. Here it is anonymous (if you choose). Another difference is that we get to keep every cent that we win, none goes to the tax man. Well, we have to pay tax on the interest once it's in the bank, but if the prize is $30 million then that's exactly what we get. And it's a lump sum payment. Mind you, the largest lottery prize we've ever had here is $150 million, in 2019. It was won by three people. Nothing like $750 million.
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Post by MichyM on Jan 15, 2021 3:43:47 GMT
I really wish you could remain anonymous with the win. Wait, what? It isn't anonymous there? Well that really sucks. Here it is anonymous (if you choose). Another difference is that we get to keep every cent that we win, none goes to the tax man. Well, we have to pay tax on the interest once it's in the bank, but if the prize is $30 million then that's exactly what we get. And it's a lump sum payment. Mind you, the largest lottery prize we've ever had here is $150 million, in 2019. It was won by three people. Nothing like $750 million. There are a few states where if you're a resident, you may remain anonymous. I would do everything in my power to remain so. However, I only played powerball one time, years and years ago and no others, so my odds of winning are really, really pathetic
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grammanisi
Pearl Clutcher
Posts: 3,741
Jun 26, 2014 1:37:37 GMT
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Post by grammanisi on Jan 15, 2021 3:46:24 GMT
My 17yo grandson and I were talking about this last night. We have big plans! Pay off everyone's bills. Donate a large amount to the burn camp that my nephew went to. It helped him so much to be with other kids that looked like him and didn't stare. Buy a beach house in Florida and a cabin up north. Big enough for all of us to be together.
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Post by Jennifer C on Jan 15, 2021 5:41:37 GMT
My dh and I talked about it. He would retire and I would stay a SAHM. We would buy another house and give our present home to either a family member or sell it.
My dh says that he would be like Oprah and tell everyone You get a car and You get a car for family members because he is friends with a guy who is an awesome salesman and an even better teacher at the local school.
Other than that, we agreed that we hoped if we won that it wouldn't destroy our lives. We watched a show about Jack Whittaker who took home $314 and just had loss after loss.
Jennifer
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Julie W
Drama Llama
Posts: 5,209
Jun 27, 2014 22:11:06 GMT
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Post by Julie W on Jan 15, 2021 13:47:58 GMT
I would definitely quit my job and live a life of leisure, travel and volunteering. More knitting, an amazing computer for digi scrapping, more gardening - splurging on that $750 peony root that is unrealistic right now.
It would be great to know we didn't have to worry about how to pay for college for DD14 who says she wants to go to medical school, and maybe even establish a fund for my great nieces and nephews.
I would find a way to quietly/anonymously give to causes I care about including DD14's youth circus, her coach's charity which addresses domestic violence in her home country, organizations which help adoptees and bio parents reconnect if desired, food insecurity.
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iowgirl
Pearl Clutcher
Posts: 4,316
Jun 25, 2014 22:52:46 GMT
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Post by iowgirl on Jan 15, 2021 15:21:46 GMT
Wait, what? It isn't anonymous there? I think you can remain anonymous in 6 states, if the jackpot is large enough. I wouldn't claim it until I had to. I think you have a year? But I would be getting all my ducks in a row before I ever claimed it, so that when I did, every legal issue would be in place. But I don't know why I am so worried about winning it. I never buy a ticket! LOL
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MDscrapaholic
Drama Llama
Posts: 6,636
Location: Down by the bay....
Jun 25, 2014 20:49:07 GMT
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Post by MDscrapaholic on Jan 16, 2021 10:55:02 GMT
Nobody won. It’s up to 850 million, 628 million cash.
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Post by Spongemom Scrappants on Jan 16, 2021 13:36:11 GMT
I bought tickets yesterday for Mega Millions and Powerball. It's been so long since I last bought tickets, I didn't even know the ticket price had gone from $1 to $2. The clerk said it happened "a few years ago." I went home and googled. It was 2017. Haha.
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