Have you ever thought about what you would do if you won the lottery? I have thought about several times. I only buy a lottery ticket with Multi Millions are on the line. I also don’t like to spend too much money on something that seems to wasteful.
When I have purchased some lottery tickets I have calculated the taxes I would have to pay, and put together a wish list, and a plan. What would I do? I would build our dream home, and then one for each of the children. I would give my brother, sister, mom, and dad investment property. I would do the same for as many family members as I could afford. Why not buy them a dream home? Dream homes come with big property taxes, and if someone couldn’t keep then they would just come back to ask for more money. I believe helping someone help themselves is the best gift that a person can give to another person. There comes a point that giving can become enabling.
After I purchased said investment property, my hope would be that after a couple of years relatives would then mingle some of their profits to grow their investments bigger.
What would you do if you won? How would you help your family or would you?