What Would You Do If You Won The Lottery?
I imagine we’ve all spent a little time day-dreaming about ‘if we won the lottery’ – the reality is that ordinary people win. You can’t win unless you buy a ticket and no one wants to be the lone worker-bee if the group pool hits it lucky so I imagine most of us buy a ticket or two.
I suppose problems can arise if:
- You spend more on lottery tickets than coffee
- Winning the lottery is your retirement plan
It would be easy lose track of the money, spend like crazy and in short order have little or nothing to show for it. Is that a wasted opportunity? It’s windfall money…unexpected and some would say carpe diem!
As an accountant, I struggle to take this point of view and would hope that I could make good decisions that would lead to opportunities and positive outcomes. My plan is:
- To do the math – how much would it take to stop working a ‘regular’ job?
- Make wise choices – Is it enough to buy a new home, vehicle and travel?
- Figure out how to share the good fortune?
Ah well, it’s a plan…I think it’s a lot of fun for $3.
Posted: July 29th, 2015 under CEO of the House, Money & Lifestyle, Money Savvy Tips.
Tags: Dear Piggy Bank, Financial Planning