If you won the lottery tomorrow, what would you do first?

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  1. mooboomoo profile image78
    mooboomooposted 6 years ago

    If you won the lottery tomorrow, what would you do first?

    BUT you've only won £1 Million, how do you use it wisely to set you up for life?

  2. LisaKoski profile image94
    LisaKoskiposted 6 years ago

    I'm not sure how much that is in dollars but if I won a ridiculous amount of moey I would definitely pay off all my school loans and other debts before I did anything else with it. I think once I did that I could start saving up for a better future.

  3. lburmaster profile image82
    lburmasterposted 6 years ago

    Pay off all of my summer classes. 20 credits cost a lot.... Plus I'm transfering so that adds a little stress and cost.

  4. cherlame profile image59
    cherlameposted 6 years ago

    Pay off school loans first and then travel the world.

  5. profile image51
    dillonallenposted 6 years ago

    That's about $1.5M USD. I immediately pay off all outstanding debts (mortgage, cars, student loans) and look for solid income opportunities with the balance (revenue generating real estate, dividend-paying stocks). This allows continued income from my source prior to winning to go directly to recurring expenses, more investments, and leisure.

  6. rocknrollcowboy profile image70
    rocknrollcowboyposted 6 years ago

    I would pay off all my debts, including the house, then I would look into investments and consult a stock broker so I could still generate some income.

  7. Romian1 profile image73
    Romian1posted 6 years ago

    If I won the lottery which we can assume is in the tens or hundreds of Millions of Dollars or British Pounds, I would first find a way to keep the family and then the money safe.  I would help poor immediate family and relatives that are in need second.  Thirdly, I would just splurge like crazy.  That means buying a new home, cars, gadgets I always wanted, all the find steaks and lobsters, and buy items for the family.  Fourthly, I would go on a very long vacation around the world and attend all my favorite sporting events.

    If I only won a Million British Pounds or US Dollars, I would save most of it and invest in it conservatively.  I would just work for a few years until the Million triples or quadruples and then do all the above with a little more constraint.

  8. duffsmom profile image61
    duffsmomposted 6 years ago

    In the US, about half would go for taxes.  After paying taxes, I would pay off my house, be sure I had enough for good medical insurance for the rest of my life and then save the rest for the inevitable emergencies that come up in life.

  9. mbsunlimited profile image67
    mbsunlimitedposted 6 years ago

    Well,first,after I picked myself up off the floor,I'd tell give thanks to GOD. Then I would buy myself a brand new Ford Mustang GT. Spend a little then focus on rolling out the advertising on some of my business endeavors and turn that one million dollars into ten million dollars.

  10. Insane Mundane profile image59
    Insane Mundaneposted 6 years ago

    I'd call my place of work and bluntly tell 'em to stick it where the sun doesn't shine!

  11. msorensson profile image70
    msorenssonposted 6 years ago

    No change in what I would normally do..except that now I would have to factor in how to distribute the new money..........

  12. Pannonica profile image60
    Pannonicaposted 6 years ago

    Wake up - I would know it was only a dream.

    Okay so if it wasn't and I'd pinched myself, I think make a very strong cup of coffee. Move house quickly I could never handle all those begging letters.

    Then sit down with a large sheet of paper and probably stare at for so long, because after family and close friends I would have so many charities I would like to help and to be honest you can't help them all.

    My one dream though is I would love to buy my own private woodland, where the deer and wildlife could live free from culls and poachers.

    And then I'll write a hub and let you know where all the money went!!

  13. cheaptoys profile image58
    cheaptoysposted 6 years ago

    invest in some property or stocks so u will be set for life

 
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