What would you do if you won the lotto

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true… but I currently have a $280,000 mortgage, a $35,000 home equity lone, some credit card debt and another loan. Plus, my wife’s college loans.

So let’s assume (after taxes and debt) that $1 Million lotto win becomes a $620,000 lump some payout, leaving $375,000 after taxes. After paying off my debt, it would be down to less than $100,000.

Hardly enough to get rich off of. But again, that was me assuming a $1 Million win, not a $1.6 Billion win.

https://www.lawyers.com/legal-info/...ations-you-just-won-a-jackpot-now-pay-up.html
 
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I would probably spend most of it on idle and meaningless pleasures. Like a fool, I’d probably squander the rest.
 
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Why not provide support for some religious institutions like monasteries and convents?

Perhaps some contemplatives might appreciate it. 🙂
 
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I already do that. Have done so for many, many years & plan on continuing to do so.

😁
 
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With the entire lotto, I’d buy Mar A Lago and donate it to the Diocese as a retreat center.
 
Poor Clare’s, Mount Grace Convent, Benedictine’s & All Saints Convent - to name just a few. What about you ? You sound so charitable. 😁 I am sure you do quite a bit & appreciate your curiosity about what I am supportive of. As they say - ever mindful of the needs of other’s. I guess we all need to keep that in mind. Take care & God bless.
 
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Oh no, I don’t do anything at all to be honest. I should be embarrassed. 😅

I guess you could call me a super curious (or nosy) person though. Also, I’m more of a dreamer, I’d like to think of grand things like projects I’d support if I ever became the owner of a $100 billion trust or something. But who knows what’d I do if it happened in real life though. If you don’t mind me being more nosy, what are some other causes that you’d be open to supporting (if you don’t mind telling a stranger and others on blast).

Thanks for the kind words though. To be honest, I did mean my words in humor to be honest but kudos to the support you give (a model more should follow (including a certain poster here)). No offense to convents but I don’t think they’d exactly be the best at promoting themselves especially when they’re enclosing themselves from the rest of the world.
 
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Good point, Phil! We all tend to forget that the “advertised” number isn’t really anywhere near that amount, since it’s a “future value” number (if you take the multi-decade annuity) and doesn’t account for taxes.
 
phil19034 said:
After paying off my debt, it would be down to less than $100,000.
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Yes, but it is amazing how inexpensive to live once everything is paid off . . . I’ve reached the point where the house and all the cars are paid for, I’m past tuition (OK, there might be a few thousand lurking in a couple of years), and a smackeral of student loan that’s a too low a rate to pay off.

But my body has rebelled and I’ve had to take a couple of years working part time . . .

hawk
 
dochawk said:
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phil19034:
After paying off my debt, it would be down to less than $100,000.
Click to expand...
Yes, but it is amazing how inexpensive to live once everything is paid off . . . I’ve reached the point where the house and all the cars are paid for, I’m past tuition (OK, there might be a few thousand lurking in a couple of years), and a smackeral of student loan that’s a too low a rate to pay off.

But my body has rebelled and I’ve had to take a couple of years working part time . . .

hawk
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very true… I would love to get out of debt
 
Spend it on wine, women, and song. And if there was any money left over, I’d do something frivolous.
 
Being very rich isn’t fun
I’d set aside some to allow a guaranteed middle class life with a safe amount of money for emergency
The rest that isn’t stolen by taxes can go to church and charities (not virtue signaling but being rich is a temptation for many sins and just a lot of mental stress)
I’ve heard some say that kinda rich > very rich
If I could spend it all on a guaranteed spot in purgatory I would tho XD
 
Gertabelle said:
Wouldn’t God offer appropriate graces to one given so much? I mean, to keep them from idolatry, gluttony, despair, etc? Wouldn’t He grant them the wisdom needed to make decisions that would help them grow in holiness?
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He could and probably would, for sure. But you’d have to be properly disposed to it, like with all graces. Presumption plays a big part here for most people, I’d think.
 
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It’s amazing that they’re allowed to get away with that kind of false advertising. Someone should, I don’t know… use their lottery winnings and take them to court.
 
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