Showing posts with label lotto. Show all posts
Showing posts with label lotto. Show all posts

Thursday, April 15, 2010

You Gotta Be In It To Win It

The lottery that is. And i'm not usually - i might buy a lottery ticket once or twice a year, so its highly doubtful that i'll ever win the big bucks but, for the sake of a blog post, lets just pretend that i did win big. Say $50 million dollars big. What would i do with it ? ( NOTE: i totally stole this very simple idea from Erin @ Motherhood Y'all ).

#1: Umm, boring - i'd pay off my debts. Which, for me, means my mortgage, my car loan and a couple of hundred dollars on a credit card. I'd also pay Mickey J's debt and our immediate families. Way to get in the good books right ?

#2: Pay for my wedding and honeymoon - we still havent set an official date yet but Mick and I plan on getting married sometime around September or October next year. My parents have a bit of money set aside to pay for it all but i'd much rather pay for it myself. Either way, whether we had $1000, $10 000 or $1 million dollars, it wont be an extravagant affair. We're just not that kind of people. Beautiful dress ? Yep. Pretty location? Yep. Good food? Yep. Should it cost the price of a new car ? Umm - nup.

#3: Buy a new house - for my little family ( we currently live in a two bedroom duplex that i - or the bank - own ) and one for each of our immediate family members. That way, after having already paid off their debts, they could have a new home to live in and one as an investment property to earn them money. Tricky....

#4: Set some aside for my children - well, i only have one at the moment but i will have more in the future ( i'm like 99% sure ). So i'd set aside a big lump sum as a trust fund, say one that couldnt be touched til they were 25. I would hope by then that they'd figured out their priorities in life and then they could put the money to good use. You know, instead of blowing $50 000 on booze and parties and sexual liasions. Which is all fun, just not what me as Mum would want the money spent.

#5: Investment - i dont really know how the investment market works so i'd have to get some help with that, but i wouldnt wanna blow all my moolah on junk. I'd be smart enough to put some into stocks, or into the property market ( or, you know, whatever ) so that i could make money off of my money. I don't mean for that to sound greedy, but you'd do that too right?

#6: Give to charity - maybe a $100 000 or so. I'd give to a few different causes : Westmead Childrens Hospital in Sydney, Careflight, The Jane McGrath Foundation.... things like that. I might give some to a foreign aid charity, but only after i'd fixed up some Australian interests first. I'm not against foreign aid ( i've sponsored a child through World Vision for 9 years... ) i just would like to give to a charity this is going to help in my community first, thats all.

#7: ( Lucky last ) Living allowance - i'd quit my job so i could be a SAHM for a while ( until Flynn and any subsequent children were at school ) so i'd need to allot some money to the day to day running of our house. Maybe $80 000 a year? Thats more than what we live off now but its not flashy - enough to cover bills and neccessities but with a little extra for luxuries and holidays. Yep, that sounds about right.

So how about you guys? Where would your Lotto winnings go ? ( Oooh, and speaking of winning things, head over to Blog This! and vote for me in this weeks poll. Please!?! )