Babies: 3 - 6 Months

if you won the lottery right now

what would you do with it?  (i'm watching "the lottery changed my life" on TLC right now and it got me curious)  would you keep working?

me:  I'd pay off all of our credit cards, pay off my car, go on a vacation to jamaica and invest the rest.  that way hopefully we could make some serious $ on interest)  And i would definately keep working-i love my job too much!  i'd get bored without it!

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Re: if you won the lottery right now

  • I too would pay off my bills.  Put a large amount away for DS' college expenses, pay off my house, pay off any other bills, and invest the rest at the firm where I work.  I might keep working but only part-time.  Or I might take off some time (at least until DS is in pre-school).  It would be fun to have those options!
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  • Pay off ALL of our debt, move to a bigger house that we'd live in for the rest of our lives, and have lots of babies! I'd also get a new car, take a few vacations and give money to my family members.

    And of course, invest some!

  • Pay off the house and do a major remodel. Then I would get a really, really good financial planner and invest the rest so I never have to worry again.
  • Build our dream house, buy a new car, take a vacation to somewhere tropical with family members, pay off my parents houses, give money to family and invest the rest. Maybe a tummy tuck to get rid of the spare tire. =)
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  • Depends on how much I won.

    DH and I have 140,000 in debt with student loans, medical bills (I was diagnosed with cancer and didn't have insurance) and vehicles and don't even own a house. So we'd pay ALL of that off first. Then we'd buy a house and go on vacation.

     

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  • I would pay off my credit cards and other debts, buy a house with a huge yard and pay off some of my family's bill. The rest would be split between DS's college fund and investments.

    I would stay home with the kids (I plan on having 4) until they are in kindergarten and then go back to work. Having the option to sttay home would be awesome.

  • I would pay all my medical bills off, buy my FI an additional car, invest in some rental property when the economy gets better and save a whole bunch of it. I would have to give FI a little here and there because I know that if I gave him full access he would spend it on the most outlandish things within a few days.
  • Pay off all debt first (credit cards, student loans, & truck)

    I would put a down payment on a nice ranch home.

    Buy myself a brand new Nissan Murano.

    Then, I would put whatever was left for DS's college fund.

     

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  • Pay everything off, give some to family, travel and then I would start my own non-profit. 
  • I wouldn't even bother quitting my job, I just wouldn't go back! I would pay off all our debt, pay off my parents house, buy ourselves a house and then sit down and decide what to do next.
  • Pay off debt, buy our dream home, get a new family wakeboarding boat, a bigger family car, take our entire fam on a cruise, college for kids and invest the rest...  
  • I would keep my job too.  I love it!

    I would also pay off all my debts and buy a bigger house and better cars, then pay off my parents house and my sisters debts/house, and maybe give the rest of my family a little bit of money too (I don't get along super well with my other sister and brother but love their kids).

    THEN I'd book plane tickets to Europe for a few months and just travel.  When I got back, I'd see a financial advisor to see about the best way to invest the money so we could live comfortably off the interest. 

    Can you tell I've thought about this a lot?  Haha!

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  • First I would buy house, put money into DS's savings, help my mom with her debts, and go on vacation. The rest I would invested. Quitting my job yes I would. Or maybe just work as a sub. I don't make enough at job to stay. I would try to work towards something more. A better job or own a business.

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  • buy a house.   Invest for sure.   Our cars are still newish and will be paid off in a couple months, so I'd keep those for a while.    I'd go down to working 3 days a week.
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  • I'd pay off our credit cards, the mortgage, the car, get DH the truck he's wanted for several years, set up college funds for the kids, and then DH and I would probably open our own wine bar...whatever was left would be invested.
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  • I'd buy a house so I could move out of this one before selling. Set money aside for college for the kids and invest the rest.
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    • pay off credit card debt
    • buy a house big enough for the next 20 years
    • pay off DH's exwife on all the child support she'd be due in the future
    • create a DS's college savings account
    • quit working until DS was in kindergarten
    • go back to college & finish my degree once DS was in school  
    • pay for the rest of my mom's college
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  • I'd put a sh!tload in a CD and live off the interest it earned. Possibly invest some. But only after I paid off my bills, improved my credit, etc. Then I'd buy a house and a new car (my car is about to die and I'd love to have a 4-door for myself; DH has a nice Nissan Maxima, 4-door, that he drives 'cause he takes DS to daycare).

    I would probably still work ... but part time. I like my job, it would be extra money. But I don't think they'd take me part time, so maybe I'd have to do something else!! Like start my craft business like I'd like to do!!

    Oooh, lala!  Wouldn't that be grand!

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  • Pay off our credit cards and student loans and pay for the rest of DH tuition up front, buy a hybrid SUV, buy a little cottage for my mom, a trailer for family vacations, a little house for our little family, a car for my sister (used, because she's spoiled), put a bunch in a RESP for DS, take my and DH entire extended family on a vacation so everyone could have quality time with DS, and put the rest in a high yield savings account.
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