if you won the lottery?

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Old 08-11-2011, 06:14 AM
  #11  
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I would pay off all of our debts including our house, give some money to my brother and his family so that they could purchase a home. I would set up an education fund for my son. Then I would renovate the house and start looking for a new one in England. Finally, I would open up some kind of retail business.

My church (well the conference/governing body) has a history of not accepting large donations that come from lottery or gambling winnings. So I would donate to some of the church programs and missions in lieu of a cash donation.

So nice to have a little daydream this morning. :)
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Old 08-11-2011, 06:16 AM
  #12  
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First and formost, enough would go into my college fund so I don't have to worry about paying for that.

Second, 10% would get put in my church's benevolence fund as there are people worse out there than I am

Third, three quarters of it would be put into investments that I couldn't touch for at least 5 to 10 years so I don't fall into the lottery trap and loose it all.

Whatever is left, I would buy myself a sewing machine for me and maybe some material to build my stash. The rest would go into the bank so I have money when I need it.

And I might buy the car I want as well, a blue volvo station wagon preferably a 940 cuz you can fit just about anything in those cars.
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Old 08-11-2011, 06:17 AM
  #13  
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Not that I play the lottery (100% against gambling), but:
Give Uncle Sam his share, then pay off my student loans, put aside plenty for retirement, buy a modest house (currently rent) with a room that can be used for a longarm, buy a longarm to fill that room, and maybe buy a new (to me) car (mine's 7 1/2 yrs. old and about 125K miles). Donate to charities (don't know which ones - would have to consider that as time happens) and maybe play a version of "secret santa" for people/groups in need in my town. ETA: forgot about my nephews - start college funds for them.
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Old 08-11-2011, 06:19 AM
  #14  
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I would buy a house in FL for my parents to live in while I continued working. Then I could just hop on a plane for long weekends while they enjoy the FL weather and lifestyle they love so much.

Here at home, I would love to have a LA, but no place to put it, so I have to decide on either adding onto my house, or moving into another one. I have always dreamed of having a room on top of a 2-car garage. I would have tall walls in it with plenty of windows for natural light and that's where a LA machine would go.

My DH would love to open a quilt shop with me, but if we did that, we wouldn't have a life outside of the business. There would basically be no vacations, no days off, working long hours, etc. Having my own LA would be fantastic!
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Old 08-11-2011, 06:30 AM
  #15  
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After hiding for a few weeks researching estate planning attorneys, I would hire one to work with my attorney who did our wills and such. I would want to make sure there was money going to my church and college alma mater. Like many of you, I would get the dream "sewing room" but I would hire a LA (on retainer). I would help some relatives with financial issues now - like those sending kids to school but I would not bail them out or pay off their homes. I would set it up so that my in laws would get a monthly income for life- just to ease their minds. I would set up plans for some relatives to have lifetime income when they retire. I would be generous once a year on a monthly rotation for random giving to relatives- not just at Christmas. I would frequent stores and pass out money especially near Senior neighborhoods and military bases. I would spend some of my time finding buyouts of food and clothing to give to the food banks and I would send my husband out to see car dealers who could provide used cars to people who need them to go to work. See that is why I would want the LA on retainer so I have time to do those charitable things and still quilt. We can all dream!
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Old 08-11-2011, 06:31 AM
  #16  
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First I would give each of my children (3) enough to pay off their mortgages. Then I would buy a cottage on Cape Cod to spend my summers in (I am originally from that area and now live in Texas where summers are HOT). I would set up trust funds for my 5 grandchildren to help them with college when the time comes. The rest I would start a no-kill shelter for animals to give them a good life while waiting to be adopted. Other than that my lifestyle would not change a whole lot.
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Old 08-11-2011, 06:53 AM
  #17  
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Originally Posted by sewnsewer2
I'd buy my son a house so he could get out of mine! :lol: :lol: Then I'd demolish mine and rebuild with a great sewing room! :lol: :lol:
LOL too funny! I would pay off my house then buy my sister a house up her (she lives in FL) so that she would have no reason to say she can't afford to move. WIth no mortgage she can't say no right LOL then probably her SIL a house as well as we miss her and her kiddos so much also then we would have everyone I need up here with me. Man what I would do to win the lottery... although then I guess I would have to play first right LOL
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Old 08-11-2011, 06:55 AM
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The first thing I would do is set up an education fund for my two grandsons. Then I would give my dd & dsil money to purchase a new home (too many things going wrong with theirs) & a new car. I would also buy me a condo and my son a condo or home whichever he would prefer. I would then give some money to charities and make some investments for my children & grandchildrens future. I know I am dreaming especially because I don't buy a lottery ticket.
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Old 08-11-2011, 06:59 AM
  #19  
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After the normal stuff of protecting my money and taking care of family, I'd start a cultural center here in our tiny community. The closest shopping is about 10 miles, about the same for any kind of "lessons". And that's quite limited. Big shopping and "culture" is 15 miles or more.

Anyway--------------and I've got the land to put this on.
First BIG building--not fancy--money goes to innards
Bottom floor--walk out basement--woodworking equipment and supply storage. Metal arts can be 500 feet away in my hubby's barn. I told him a long time ago all he's getting is the best of everything so he can pursue his favorite hobby--WORKING! Also, in another barn some big equipment so they can learn to use a back hoe or bulldozer or whatever. (some of that is going to be MINE!)

In this big building--ground floor will be for handiwork of various sorts. A couple long arm machines, a couple embroidery machines, several sewing machines from old treadles to ultra fancy computer machines, computers for design, cutting tables. Storage of course. Knitting, crochet, hand embroidery, whatever supplies and plenty of sewing rockers for all. List isn't complete but you get the drift.

Also a kitchen area big enough to do stuff like making cookies and cakes and such or just learning new recipes.

And here's how I'd expect it to work. Keep it open as many hours a day as possible to allow 2nd & 3rd shift workers to come in, too. We'll have to have someone on site most of the time, but my brother, his wife, my sis and her hubby, me, my hubby, older DD and her hubby and my younger DD's hubby (notice younger DD got left out---she wants a REAL job) would be a good start in staffing the center.

It would be open to anyone living in my county and the one just east. And we have a huge industrial plant about 3 miles from us---anyone who works there, regardless of where they work.

If I've got 200 million, I can afford all this. But in light of my belief we should all pay it forward, I'd expect help or donations of items once in a while from everyone using the facilities.

Since the money is way down the road, all this is subject to rewrite. tee hee
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Old 08-11-2011, 07:44 AM
  #20  
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Pay off all debts possible, then remodel this house completely! Love where it sits, just needs work, lol, what older house doesn't right! Then save all we can, for who knows what the future holds, & take some trips & enjoy the rest of our lives! Good start anyway!...
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