lottery

[spacefem]

ironphoenix asked this birthday question: "what would you be most tempted to do if you won a large lottery prize (say, $10M), but probably wouldn't actually do?"

I like the frugalwoods definition of financial independence... "if we won the lottery, our life really won't change." it's a nice balance. half that battle is finding that life that does not require

Comments

[gilda_elise]

My reaction would be a lot like yours, except all my charities would be for animals and the environment. Except maybe the ACLU. Sort of like I do now. :-)

For my family I'd split it three ways between my siblings. What they would do with it would be up to them.

[ironphoenix]

Thanks for answering this one! Your answer is a lot more interesting and nuanced than the stereotyped options. I don't play the lottery either, but a significant inheritance is not unlikely at some point.

Giving money away well is apparently not as easy as one would guess, from what I've read.

[med_cat]

Very sensible plan :)

[lantairvlea]

Investing in a financial planner would probably be my first task.

I think that's a pretty good way to do it, though. The way you have divided it up. Pretty sure I could live rather comfortably off $3mil (and the interedt it makes) for the rest of my life.

That said, if I won $10mil I would probably start a nonprofit dedicated to breeding, using, and promoting Jutlands, a rare small draft horse native to Denmark.