RQOTD - Weekend Edition

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AshnBill's picture
Joined: 11/06/06
Posts: 5333
RQOTD - Weekend Edition

What would be the very first thing you would do if you won the lottery?

Jenn0113's picture
Joined: 03/09/07
Posts: 5335

Tithe.

Lavender444's picture
Joined: 03/27/03
Posts: 1944

Depends on how much.

If we're talking 2M or less, We'd pay off any bills, buy some land, build a house, get a horse, help out family and save the rest.

If we're talking Powerball size, than we'd go straight to a fiinancial planner to decide the next step.

Kayla1981's picture
Joined: 01/04/07
Posts: 1529

Well how can I answer after Jenn's! Wink

I'm not really sure. I guess we would buy or build a new house. We are about ready to start looking for a new one and it would be awesome to not have a mortgage.

alwayssmile's picture
Joined: 08/26/07
Posts: 14483

Pay off what's left on my parent's house, give my sister the money she needs for college, buy DH a new car, and pretty much save the rest. Eventually we'd buy a house with it, but not till we're done moving in 15 years.
We know a guy who won $4 million from a slot machine in Vegas. Other than his nice house and car you'd never know it. He's still working his same job in the military! There is a military clause that allows people to get out if they win one of the big lottos or similar.

Lavender444's picture
Joined: 03/27/03
Posts: 1944

"Kayla1981" wrote:

Well how can I answer after Jenn's! Wink

I'm not really sure. I guess we would buy or build a new house. We are about ready to start looking for a new one and it would be awesome to not have a mortgage.

Buahahaha! I thought the same thing! How do you follow that? :biglaugh:

Jenn0113's picture
Joined: 03/09/07
Posts: 5335

Rofl! You guys are funny. It would be the first thing, after I picked myself off the floor. Then I'd buy a new house with acreage, two new cars and put some aside for the kids. Then figure out a way to modestly live off the interest of the rest. Smile

joysiloo's picture
Joined: 09/04/06
Posts: 1054

Pay off DH's flight school loans...we still have about 35K left to go (although seeing has how that number was 80K 8 years ago, I don't feel too bad about it). Then we'd probably pay off the mortgages for all of our family members, buy a house and save/invest the rest.

mommyvolc's picture
Joined: 03/22/07
Posts: 1296

Hmmm....we'd pay off our mortgage and our families, set up trusts for the kids and travel.
Nicole

Joined: 04/09/06
Posts: 1244

Well, quite honestly, the first thing I would do would be plan a nice vacation for the family. Then, I would visit a financial planner. From there, we would probably pay off any debt we have and figure out how to live off the interest. I may still work part-time or something, but if I can find a way to not work and still have money for retirement, that is what I would do. If it was a big lottery win, we would probably give some to Craig's parents for their retirement. My parents are set, so I might just send them on a vacation. Biggrin

I am sure we would tithe some too, but that is not my first inclination. I can admit that.

a's girl's picture
Joined: 06/10/07
Posts: 1008

I would most certainly pay off all our bills and my student loans. I would also give some to my parents and DH's parents. I would create a trust fund for Alison and my niece Cassidy. I would love to buy some land and build a house.