Mega Millions at Almost a $Billion – What Would You Do?
It's fun to buy a lottery ticket and then fantasize about what you would do with that much money. I'm talking about when the lottery, whichever one it is, gets to be this high. The Mega Millions lottery is almost at a Billion Dollars! If you won and took the cash option (which sounds like a great idea) you'd walk away with $429.4 million before taxes. That's a HUGE chunk of change.
So, the question is this - what would you do if you won that much money?
Personally, the first thing I would do would be to pay off everything that I owe on. That's boring, but it's probably the thing that almost everyone would do. To be debt free would be absolutely amazing. The other thing that I would do is seek out an investment firm to help with this amount of money that I cannot even fathom. They say that you cannot improve your lifestyle any more after $500 million.
Next, depending on how much was left after paying off everything, and investing what I had left, the thought may come as to buying something big as an investment. Something like a company. But also - hiring the right people to help run the company, whatever it may be.
I think the idea after winning that kind of moola would be to be smart about it and invest well. There are so many stories about people running through the money that they won in the lottery. If you won a million dollars, I could see that happening. That kind of dough doesn't go nearly as far as it used to. Crazy as that may sound. I feel like the movie Austin Powers brought that situation to light when Dr Evil said his ransom was a million dollars and everyone laughed. So he upped it to 100 million dollars. That's better.
Anyway, so if you won the lottery, like the Mega Millions or the Power Ball, what would you do?
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