what would you do if you won the lottery?

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foghorn67

Lifer
Jan 3, 2006
11,883
63
91
pay off debt. Pay off parent's mortgage. Buy a reasonable house with driveway space and a good garage for projects. Take photo trips all over the states without getting silly with lavish dining and 4-5 star hotels.
 

akshatp

Diamond Member
Oct 15, 1999
8,349
0
76
Originally posted by: foghorn67
pay off debt. Pay off parent's mortgage. Buy a reasonable house with driveway space and a good garage for projects. Take photo trips all over the states without getting silly with lavish dining and 4-5 star hotels.

Easier said then done. You say that now, since you have no money in hand. But once that hits your bank account and its readily available, you would be surprised how quickly you become accustomed to the finer things in life.

I think close to 85% of major lotto winners end up poor and sometimes even broke (in more debt than they started) within years of their big win.
 

secretanchitman

Diamond Member
Apr 11, 2001
9,353
23
91
pay off college, pay off med school (if/when i get in), pay off mom and dads house, their bills for a longgg time, send them on a LONGGGGGGGGG vacation, buy me an m5, a sweet apartment, all the compy stuff, pay off bills for years, donate a ton to charity...then invest the rest.
 

AgaBoogaBoo

Lifer
Feb 16, 2003
26,108
5
81
Originally posted by: Regs
Originally posted by: JS80
Originally posted by: Regs
Originally posted by: JS80
Originally posted by: Regs
This is why rich people are rich and poor people are poor. Except for the rare few in-between.

so this is a rich poor person?

Who will soon be poor again.

man that would be some shit if she ended up making tons of money off this idea.

I get your point, but I see this as no different than any other starting their own small business with no other steady income.

Just a statistic:

There were 671,800 new businesses, and 544,800*business closures - Counselors to America's Small Business (SCORE)

Edit: And might I add that most of the successful ones were from people who were educated.
Many of those statistics aren't accurate because many companies change their name or sell off to someone else, in which case it might count as a closure.
 

mooglemania85

Diamond Member
May 3, 2007
3,324
0
0
Spend countless hours neffing on tech forums with all the other gazillionaires, arguing over cats vs. dogs, alba vs. biel, food product expiration dates, spiders, etc.