You know, I haven’t spent money on Powerball since they doubled the price from 1 to 2 bucks. The price of getting a nice dream was too steep! The
$1.3 $1.5 Billion Jackpot pulled me back in, though. I got my $2 ticket and I’m dreaming of ways to spend those winnings.
Of course, the probability of winning the jackpot is astronomically small; it’s not even worth mentioning. Sure, you have a better chance of getting struck by lightning or run over by a train. You can’t buy a lottery ticket with the expectation of winning, but you’ve gotta be in it to win it, right?
I know buying a lottery doesn’t make sense and some bloggers say you shouldn’t buy one. Personally, I think it is $2 well spent. That $2 gets me 3-4 nights of going to bed with something nice to think about. I get into bed and imagine what I would do with that ridiculous amount of money. Usually, I don’t have any trouble falling asleep, but it still kicks my dreams off to a nice start. So how would I spend the jackpot if I win?
Frankly, the jackpot is a little ridiculous. It is just too much money. That amount of money would change anyone. I would like to say we’d stay the same, but I’m sure that won’t be the case. Still, do we really want to change our lives that much? I’d say my life is 8.5 on a scale of 1 to 10 and I’m very happy. Everything is going well and I’m not sure if throwing a ton of money in there would improve my life. I’d prefer to win $2-$3 million instead of a billion. Our lifestyle wouldn’t change much and it’d provide us with a lot of breathing room.
Sorry for the digression. Here’s how I’d spend that ludicrous amount of money.
1. Hire some people
The first order of business is to hire some people to help deal with that kind of money and the publicity that will follow. I’d need a whole staff to fend off the hounds.
- Financial expert – I need someone I can consult with so I can invest the winnings conservatively.
- Tax accountant – The government will take a big cut from the winning and I’m not sure if trusty old H&R Block Tax software can handle that many zeroes.
- Lawyers – Not sure why, but I’m sure we’ll need lawyers.
- Security – Money attracts bad guys.
- Screener – This person will screen calls and public contact.
- Personal assistant – Finally, someone to go shopping for us. 🙂
- Pet caretakers/house sitter – We’d be out of town a lot fulfilling our dream of traveling.
- Handy man – I need help with upkeep for my rentals.
- Personal chef – I like cooking, but not every day.
2. Get away
The next thing to do is to get away for a while. We don’t want to stay in town after winning a huge jackpot like that. I’d love to hit a few of the places on my bucket list and travel for a while. I’m sure after a year, people would forget about us. It’d be great to live in Japan for 6 months and explore the country in depth. There are just so many places to visit and a big travel budget can help us to wander the world in comfort.
I don’t think we’d change the way we travel much, though. I might get nicer hotels, but we still wouldn’t buy souvenirs and trinkets. Another thing I’d splurge on are first class seats. We got upgraded once on a Lufthansa flight to Munich and it was pretty darn awesome. 🙂
3. Support the local economy
Whoa, I’m out of ideas already. If I was lying in bed, I’d be in deep slumber by now. What else could I spend money on? I would like to support the local economy more. Currently, we eat out about once a week and don’t really buy much other than groceries. It’d be great to support the local shops and share the wealth. I would love some nice furniture. It’s not a priority now, but if money is no object, I’d buy nicely designed things which will last.
Here is a gorgeous locally made table that will last a lifetime. Currently, it’s a bit too expensive for us at $3,595.
Oh yeah, I’d get a convertible, too. We had a convertible before we had a kid and I loved it.
You know what, I think the best thing we could do with the money would be to give a good chunk of it away. Oregon is not a wealthy state and a lot of people need a helping hand. There are so many nonprofits that support a variety of issues, and I’m sure most could use a significant donation wisely. I’d love to give to the Oregon Food Bank more. 15% of Oregon households are food insecure. That’s really high percentage. Actually, it’d be best to set up a trust of some kind. We can invest the money and donate the income to charity annually. That way it will last longer.
Anyway, I don’t think $2 every few years will screw up your finances. It is nice to dream about what you’d do if money was no object. Sure, some prior lottery winners squandered it all and had to go back to work. How’d people burn through $100 million in 10 years anyway? It’s inconceivable. I don’t think that would happen to us since we’re financially responsible to begin with. Our support team should help us stay away from troubles, right?
How would you spend $1.5 billion? That’s just way too much money…