I play the lottery once in a while with hopes of being the sole winner of a large jackpot. I just checked my numbers this morning and today’s ticket is not a winner. Once in a while, I would ask my husband “So what will we do with all that money when we win the lottery?”. We have fun day dreaming. First we agreed we wouldn’t tell anyone and just start paying off our parent’s mortgages, give our siblings a few hundred thousand each, give a million each to our children, pay our bills, travel and set up a trust fund. I would definitely put a few millions into my non-profit so I wouldn’t have to look for grants and just live off the interest with what’s left. That’s how we’d spend it if we won more than $50 million after taxes. If we win a smaller amount, then the numbers we’ve allocated to where we’d like to spend it would change.
It’s nice to dream and although the chances of getting hit by lightning is greater, it’s still nice to imagine every now and then. One thing I do not want is for it to change my values and principles. What would you do if you won $50 million after taxes lump sum?