ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Income & Making Money

Winning the Lottery how would you spend your money ?

Updated on January 12, 2012

Have you thought about it?

The million dollar question, it used to be $64,000 but with inflation I’ve raised it up a bit.  What would you do if you won the lottery? We’re talking a big lottery here, not just a measly million. Heck, most of us would probably pay off our mortgage and get a new car and after taxes we’d be broke again, with just a million. No, we’re talking like the 21 million dollar lottery. Or even bigger 1.2 mil or so per year for life! Yeah, if we’re gonna think big we might as well go all the way.

So what would you do with your winnings? Have you planned it out yet? I’ve kind of went a bit wishy-washy when it comes to the idea of winning. Then again I’ve watched the horror stories on TV the ‘curse of the lottery winners’ or something like that. That scares the snot out of me! Who wants to have all their dreams finally come true only to have their life go down the toilet? Go broke or worse yet, have family members end up dead.

So with careful thought out plans I will spend my money thusly. (Ok, so it’s virtual right now, but I can dream right?)

How I'd spend my winnings

1. I will first go to a lawyer, have him run a credit check. I have heard horror stories of someone having their winnings held because of unpaid debts. I want to get checked out first before even declaring that I’m a winner. Make sure there is no one sitting in the background waiting for that fat check.

2. Next I will got to the lottery office to collect my winning check. I haven’t decided if I’m going to smile for the camera or decline having my name announced. Or even if that is an option! I still haven’t decided if I want the cash option or a yearly payout, with my bad luck, the bank would catch on fire and all my money would burn! Ok, I know it doesn’t work like that anymore but you get the drift!

3. I will open several bank accounts, Momma always said "Don’t keep all your eggs in one basket".

4. Pay off my mortgage first, get that taken care of. Then bulldoze my house and have a new home built. Pay the new house off of course, no need for a new mortgage payment. Nothing too extravagant, just comfortable and sturdy, with a touch of elegance. I have animals, why make it extremely elegant? Maybe even have a sewing room built with cubbyholes all over the walls to store fabric in. With an extra large table for laying out and cutting fabric. I would have a wood shop built for my husband, with all the cool tools he always wanted. Lathes, grinders, sanders, saws and the tools we’ve ooh’d and ahhh’d over in the stores.

5. While my house is being built I will take a month long cruise with my kids and grand kids. I might jump ship in the middle of the cruise and go in the opposite direction after a couple of weeks. Love them kids, but they can be a pain in the butt at times!

6 .My husband and I will have our 1st and 2nd honeymoon all at once. It will be fun, right? He has been a truck driver for the last 20 years so we haven’t seen a lot of each other, what if we don’t even like each other? We’ll have to find out.

7. When I get back I will buy me a new car, and a new car for each of my kids. All the same kind but different colors. Yep, they’re gonna hate it, but it’s my money, take it or leave it! My car is going to be a Buick, maybe one of them new Lacrosse’s in black, cause I look good in black. I’ll buy my husband a new pick up too, because he’s always wanted one but with all of our kids we could never afford to get him one.

8. I’d get him one of those fancy riding lawnmowers with the zero turning radius so he can spend his time mowing our yard. He really likes doing that, it’s his ‘quiet’ time.

9. Next I’d probably fence in my yard, the whole thing. I have about 4 acres, and my dogs like to run, the neighbors don’t much care for that, so I’d make everyone happy. There are only 4 houses on my street, I might just offer to buy the other 3 and fence off the whole area. Give my kids a house, we’d be neighbors but they’d be able to go home.

10. I might take a business course at our local college, so I know what NOT to do with my winnings. Maybe hire an accountant, but I’d have to learn a few things, to keep tabs on my money so I don’t get in trouble for tax evasion. Too many stories of accountants taking the money and moving to Aruba or some such place. We have to think of Nicolas Cage you know!

11. I wouldn’t hand money over to my kids, that is where people seem to get into trouble. Kids are just that, kids. They do stupid things. When faced with a fistful of cash their bound to get into trouble. Maybe I’d see if they wanted to open their own business, look into it, have them take a course at the local college as well. The money may be there, but if you’re not earning it, it means nothing. My son has his CDL, I might see if he wanted his own ‘big truck’ to earn a living with.

12. I might start a trust for my grand kids, so they have something left of me when I go. There will be money if they choose to go to college as well. I might also start trusts for my kids, that way the money is not all blown.

13. I’d give a lot to charity. But I would pick and choose my charity carefully. There are a lot of scammers out there who claim to have great charities but are not real. I might choose something to help abused women to get on their feet, or maybe some of the local animal shelters. I might even want to set up a scholarship program for people who have animals but need help paying for spaying and neutering.

14. I might even set up a scholarship program at our local school for those who want to be writers. There are never enough writers, particularly young people. It's hard enough to get them to read, let alone write! If there is a scholarship, maybe they will consider it an option.

Always remember...

Above all I think I would like to take time to enjoy life, spend as much time as I can with my family.  We only have so long on this earth, we might as well have a good time while we’re here.

I guess you could say I’ve done a bit of thinking on this subject.  It’s fun to have dreams even if they are wild, it doesn’t hurt, as long as you realize it is just a dream.  Have you already started spending your virtual lottery winnings?  I guess I should remember that ‘other’ thing Momma said…  ‘Don’t count your chickens before their hatched’. 


    0 of 8192 characters used
    Post Comment

    • Sweetsusieg profile image

      Sweetsusieg 5 years ago from Michigan

      Yep, owning a home has now turned into a dream rather than reality!! I wish you the best with your intentions!!

    • dicaslotofacil profile image

      dicaslotofacil 5 years ago

      I would buy a nice house, because I'm still living in rent, the rest of the money I would invest.

    • Sweetsusieg profile image

      Sweetsusieg 6 years ago from Michigan

      Yes to all of the above!! Sounds like a good plan!!

    • Adams-ebooks profile image

      Adam Finan 6 years ago from Worldwide

      Well what a good idea for a Hub!

      Where to begin!?

      I would fly home and say nothing, clearing my parents mortgages and calling up to the house for the first time in over two years...

      Buy a crazy amount of presents for my family...

      Buy an Audi Q7 Sport

      Give some away..

      Go chill in temple in Tibet and think about what else i would like to do with the money...

      And maybe a beach hut in Bali or Thailand :)

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Hiring an advisor of some sort sure sounds like a good idea to me as well! There will be many pitfalls so any help you can get is useful...

      Thanks for having fun with me on a good dream!!

    • Ramsa1 profile image

      Ramsa1 7 years ago from A citizen of the World

      It's a great plan. I would definitely hire an accountant but keep a very close eye on her. I would also hire a financial adviser to help me with investments and long-term financial planning. I would give money to my kids but ensure that they have their wills drawn up first. My car will be a Mercedes SUV and I would travel first class wherever I go.

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Well Bonnie that sounds like a plan! I hope for your sake that you get your much needed health care! Sad to say there is always going to be mooches whether they are family or friends..

      Best of Luck to you!

    • profile image

      Bonnie 7 years ago

      If I won the lottery I would 1st have to drive clear to Little Rock to cash in the ticket. So that would be the 1st Obstacle. That is 4 hours away. Then 4 hours home. Then I would hide for awhile to let it all sink in. Then I would File for Divorce and Change my name So his family and mine would not be able to find me. They are all abunch of moochers. And I would some much needed medical care I have been denied for the past 30 years.

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Oh boy.... I should have been paying attention!! Darn it!

    • profile image

      moneyfairy 7 years ago


      Well the megamillions are up to 244 million tonight :o) Here's hoping !!!Good luck to you too if you are playing tonight!!!!

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Thanks! - yeah I do have some fun thinking about it that is for sure! I get lots of ideas the bigger the pot grows... if only...

      Thanks for stopping by and Best of Luck to you!

    • profile image

      moneyfairy 7 years ago

      Oh what I would do with it!!!to be debt free and own my own house and car 100% and put aside an account just for realestate taxes and income taxes, then invest and live off the interest so the principal amount is never touched :o) splurge with the rest!!! travel to spas all over the world(be pampered with massaages and facials and body wraps etc..)send immediate family tickets to some exotic Island and have a round table with a lawyer saying this is yours, this is yours etc.. then say "have a nice life" as I'll be taking a yr. off to an undisclosed destination and relax and enjoy life :o) and give to charities of my choice and just be comfortable for the rest of my life instead of living in constant poverty wondering whether my rent will be paid or if I'll have electric this month etc..It's fun fantasy dreaming :o) I'd also love to have cooking class/dinner parties Where I would have different chefs teaching all different kinds of cuisine,thai,chinese,italian etc..and if the guests felt like participating they could or just watch and be given recipie cards to take home to try themselves sometime.Being a philanthropist would be great fun maybe even starting my own charity organization :o)Thanks Sweetsusieg for being a dream angel!!!Keep dreaming...never stop!!!

    • profile image

      moneyfairy 7 years ago


      I've thought about winning big for yrs. now and I play every week. So far I have won more on scratchers than the acutual lottery....but I have tried story boards and fen shui etc... and have gotten some but not huge amounts but I still dream for the big one. What's life without a dream right. Keep dreaming and visualizing and knowing that you deserve good and good things will come to you :o) Enjoy playing with your virtual's really fun :o)

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Well, Best of Luck to you in winning the Lottery. Sounds like a plan. I certainly hope that you win! My husband buys a couple of tickets per month... But we hardly ever even get 1 number so I guess you could say that we support the Lottery... LOL

      Thanks for stopping by and commenting!

    • profile image

      Luke 7 years ago

      Ya know, for the first few months I would sit on it. I, of course, would take my family on sort of get away and then see what and who comes around. I fo like what the one person state about a lawyer. Another was the safe have, Think I will buy me a few tickets this week.

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      I had to go back and read this Hub. I still wouldn't change a thing. I honestly don't think it would make me any happier, I'm a fairly happy person right now, even with the roller coaster ride I call life.

      I love that the ultra rich have taken pledges to give away a portion of their wealth! I was just reading about that the other day. It is so entirely cool!! What's the point of having all that money if you just hide away and scrooge it all?

      Thanks for stopping by! What lovely comments you made!

    • dgicre profile image

      dgicre 7 years ago from USA

      I can't help to think if all that money would truly make us happier? Ultimately when you can buy everything you want, even gold would lose it's luster. You hear so many sad stories of people winning or having wealth only to kill themselves with alcohol or drugs.

      As humans, we are happiest when we have goals. Maybe one way to really enjoy having that much wealth is to do as some of the ultra rich are doing and start giving it away to worthy causes. The satisfaction of do some good in this world for those less fortunate, priceless.

      Another excellent Hub that really makes you think.

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      What a cool way to spend your winnings!! Can I come to your island with you?? Just for a while, I need to get a way!! LOL

      Thanks for stopping by and commenting!

    • Rastamermaid profile image

      Rastamermaid 7 years ago from Universe

      Of course this runs through everyone's mind that has ever bought a ticket.

      I would just getaway me and my immediate family. Find me an island and bring all family that wants to live to come.

      I would handle everything through a lawyer as far as donations I would make because there would be many.

      Build a couple of safe havens for the kids with good staffing,resources,counselors for after school.

      Maybe I would return after a few years.

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Now that sounds like a plan!! I've thought about that as well, taking a whole bunch of land and turning it into some sort of rescue for animals. What a great bunch of ideas you have!! Good Luck with your winning!!

      Thanks for stopping by and commenting!

    • tritrain profile image

      And Drewson 7 years ago from United States

      I ask myself this all the time. What would I do with millions of dollars...? Buy a bunch of land and turn it into a wooded preserve, create a scholarship program, be a philanthropist, travel the world... :D

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Well 2patricias - Link away!! Thank you for thinking of me! I will have to read your work, ASAP...

      I would take winning the lottery more seriously if I played more often. I only throw out a dollar about 4 times a year, when I feel a bit lucky. I should have done it yesterday! I felt mighty lucky, got what I REALLY needed at a second hand store for $10. Imagine that!! It is a perfectly good carpet cleaner.

      Thanks again for stopping by commenting AND thinking of me!

    • 2patricias profile image

      2patricias 7 years ago from Sussex by the Sea

      Tricia has a list of things she would do if she won - as for Pat (me) I never think about it because I don't do the lottery.

      I have written a novel in which a character does win, and am publishing in as a series on Hub Pages. I am putting a link from part 2 of Respect for the King to this hub. I hope you don't think this is spam, it is meant as a compliment.

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      Fun isn't it?

      Thanks for reading and commenting!

    • profile image

      jim 7 years ago

      new house and car,for kids and off all bills

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      LOL, drbj.... Years ago my husband won $1000.00 on a scratch off that was given to him for his b-day. Even though I read the back and front and it appeared to be 'real', it wasn't until I actually had the money in hand that I believed it.

    • drbj profile image

      drbj and sherry 7 years ago from south Florida

      There;s nothing wrong with visualization, susie, it's lots of fun. Just don't go trying to pay off debts with virtual winnings. Doesn't work. Yet! :)

    • Sweetsusieg profile image

      Sweetsusieg 7 years ago from Michigan

      LOL, well that is what I was doing, being hypothetical.. Contemplating the 'What if's' in life. My ex-husband used to say "If a frog had wings, it wouldn't bump it's rear while hopping"... My dreams were displaced for a long time, I am getting them back, slowly.

    • Dave Mathews profile image

      Dave Mathews 7 years ago from NORTH YORK,ONTARIO,CANADA

      I could only contemplate what to do if I actually won and had the cheque in my hands. Hypothetical is like playing Russian Roulette.

      Brother Dave.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: ""

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)