Top 10: What if I win a lottery? »
Posted By entrepreneurboss 10 months ago in Arts & EntertainmentLike everyone else, you might have bought a lottery ticket, at least once, only to find that your number is not amongst the winners. But imagine that you win a jackpot. What will a person do if you if he or she is lucky to get cash out of it.
Compare these 10 things to do to your list if you win the lottery and let see ..
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earthlingerer10 months ago
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I would talk to "an old friend of the family" who would gladly pay me 150% of the post-tax winnings for possession of the ticket in a transaction no one would ever know about...
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...Then the usual dreams appropriate to the scale of the amount of tax-free cash I would have on hand - That hand which knows one washes the other. -
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CajunChamp10 months ago
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First, a good attorney - in my case my wife - then deposit the check in my money market fund at my broker, NOT the bank because of FDIC limits, etc. Then set up a LLC - Limited Liability Corporation and issue stock to each immediate family member, etc. and so on. Then, do what everybody is doing as per the posts here. :-)
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CRYMTYPHON10 months ago
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If you win the lottery , -
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you are bound by the propeller Terms Of Usage
to share with anyone on your friend's list*.
* subject to terms of usage this includes people who would have been friends if they had known you were going to win, insofar as their screen-name begins with 'C' and ends with 'N'. -
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lvrofwolves10 months ago
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Depending on the amount, I always have a list, take care of family, friends, buy the historic house I live in and remodel, fix etc the other apts would pay property taxes, insurance and utilities...and travel travel travel. I think I'd still be a bit thrifty tho, I've read to many stories of people getting a wind fall and eventually being worse off then before they got it. I know one thing, I'd have a BIG garage for my car, right now my Son is shoveling off my car, and I do mean shoveling, poor thing doesn't know it's encased in ice under all that snow.
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canadianrancher5710 months ago
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If the amount was large enough and some of our lotteries up here do get up to 30+ million and there are no taxes on them so I could set up trust funds for each of my children, set up a trust fund for the local hospital and set some away for myself. There is one thing that I have always wanted to do on a quarter section of land that we don't use and that is set ap a camping, hiking,recreation area with cabins that could be used by those who normally cannot afford to go camping, maybe it sounds dumb but it is something that I think about at least once a week.
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