If I Won the Lottery…
What would you do if you won the lottery? I was driving the other day and saw one of the lottery billboards advertising how much the current lottery is up to. As of this post, the lottery is up to about 65 million dollars. Every time I see those billboards, I always start dreaming about all the things I would do if I won the money.
Sometimes, my dreaming is a little bit premature. I think about what I could do with all that money that I'll never win because I always forget to buy a ticket. When I moved to Georgia 10 years ago, I would buy scratch offs all the time. It was something new and exciting because the state I moved from did not have a lottery. I would never win anything more than a couple of dollars or free tickets. When I realized how much money I was donating (aka throwing away), I stopped playing.
If I did win the 65 million dollars, I'll be willing to bet that I wouldn't end up broke like some of the past lottery winners. 65 million dollars may sound like a lot of money. Yeah it is, but if you don't spend wisely, that money will be gone before you know it. I'm not going to lie and say that I wouldn't buy me a new house and a new car because I would. I just wouldn't go crazy with it.
If I won the lottery, I would buy a new house. The maximum amount I would spend is $300,000. I would be able to get a nice big house in a great area. I wouldn't need to buy a 50 room house and spend millions of dollars. I would also pay off the mortgages on my current properties and keep them as rental properties.
If I won the lottery, I would buy a new car. I would buy a 2011 BMW X5. It would cost about $81,000. Yeah, I know this is a crazy amount to spend on a car but with the money I'm not spending on the house, I'll spend a little extra ...
