If I won the Lottery…
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- This topic has 33 replies, 28 voices, and was last updated 11 years, 11 months ago by veteran.
June 21, 2011 7:29 am at 7:29 am #597526BSDMember
How would you spend the $$$$$$$?June 21, 2011 12:36 pm at 12:36 pm #779170real-briskerMember
It’s easy to talk before you have the money.June 21, 2011 1:05 pm at 1:05 pm #779171appleParticipant
I would buy a new house, give lots of $$$$$ to tzedakah buy a new wardbrode, and I would NOT move!!!!! love where I live:)))))June 21, 2011 1:11 pm at 1:11 pm #779172haifagirlParticipant
Buy an apartment.
Help a whole bunch of friends make aliyah.
Go back to school. Permanently!June 21, 2011 1:20 pm at 1:20 pm #779173☕️coffee addictParticipant
I love doing this (it’s called dreaming)
I would give 20% to tzedakah to various different organizations
I would give a few million (2-3) to each of my parents (they’re divorced)
I would give 2-3 million to my in laws
1-2 to my sis and bro in law
and i would buy a house and a car and save 20% in a bank account
this raises a question of how much is the lottery winnings?June 21, 2011 1:32 pm at 1:32 pm #779174mewhoParticipant
a dollar and a dreamJune 21, 2011 2:00 pm at 2:00 pm #779175A Heimishe MomParticipant
Hire a cleaning lady!
Then maybe a cook who will meal plan and health food shop as well.June 21, 2011 7:20 pm at 7:20 pm #779176GumBallMember
K so Here goes…
Buy a Huge house
buy tonza clothes
give some 2 my siblings….
The list never ends…I just need time 2 think of more…June 21, 2011 7:28 pm at 7:28 pm #779177RedNails19Participant
Make my dreams a reality.June 21, 2011 8:53 pm at 8:53 pm #779178MiddlePathParticipant
I would give most of it to my mom, without a question. I would hope that I would give a lot to charity, but who knows. I would definitely use some to make a home studio. And the rest, I probably wouldn’t spend. I have a hard time spending money on anything.June 21, 2011 9:10 pm at 9:10 pm #779179rescue37Participant
RETIREJune 21, 2011 9:43 pm at 9:43 pm #779180Mother in IsraelMember
I would pay off our mortgage. Then I’d quit my job and hire a cleaning lady. I would give some to my parents and in-laws and open a savings account for each of my kids. I don’t think there’s much I would buy though-I can’t even think of anything I need right now.June 21, 2011 9:55 pm at 9:55 pm #779181minyan galMember
A friend of mine who is a psychiatrist told me that buying lottery tickets (within limits) is a good thing. Everyone dreams of what they would do if they won. His quote “for a dollar a week you can buy a dream”.
My plan for the lottery winnings:
Tons of tzedakkah
Trust funds for my grandchildren
Fresh flowers (from a florist, not the supermarket bunches) every week – on Friday.
A therapeutic massage at least once a week instead of the once a month allowed by my insurance – it is the only thing that helps my crummy back.
Travel, travel, travel – starting with Eretz as I have never been lucky enought to visit there.
Invest – with a trustworthy investment agent (I hope that there is still such a thing. I shudder when I think of what has happened to many peoples’ life savings by unscrupulous brokers)
What I would not do – buy, buy, buy. At my age I have all the chachkies (in fact, far too many) that I could ever want.June 21, 2011 10:11 pm at 10:11 pm #779182YW Moderator-72Participant
If I won the Lottery…
How would you spend the $$$$$$$?
this is a great offer – you win and I get to spend…June 21, 2011 11:15 pm at 11:15 pm #779183HaLeiViParticipant
Pay the tax.June 21, 2011 11:42 pm at 11:42 pm #779184☕ DaasYochid ☕Participant
I agree with real-joseph. (Sorry, r-b 😉
72 – bold is as follows:
<strong>I'm already retired so I'd give it all to DaasYochid!</strong>
I’m alredy retired so I’d give it all to DaasYochid!)June 22, 2011 12:00 am at 12:00 am #779185Feif UnParticipant
I once actually planned this out once, when there was one of the big jackpots – I think it was close to $300 million
I said that let’s say, after taxes, you have $100 million left. $10 million is maaser, so you’re left with $90 million. I’d just stick it into a high interest account. For that much, you can probably get 3% or 4%. I’d open a kollel funded with the interest. It would be an exclusive, invitation-only kollel. I’d build a large house, with lots of bedrooms. I always have guests, but don’t have enough room for them to sleep. If I had lots of rooms, I wouldn’t have that problem.
With the rest? Who knows.June 22, 2011 12:08 am at 12:08 am #779186YW Moderator-80Member
whoah..look what happens to a moderator when he retires.
i think you should go back to school and then join the ranksJune 22, 2011 12:08 am at 12:08 am #779187YW Moderator-72Participant
i’ve been retired so long I forgot the codes to bold the letters can another mod fix it and delete this post. thanksJune 22, 2011 12:17 am at 12:17 am #779188goody613Member
If I had a million dollars
Id buy you a house
Id buy you a car
anyone remember that song?June 22, 2011 12:25 am at 12:25 am #779189QueenParticipant
Taxes take a HUGE chunk of your winnings…. so keep that in mind while you dreamJune 22, 2011 12:49 am at 12:49 am #779190yummy cupcakeMember
-buy a nice house (not a mansion, but something that would fit a large family and many grandkids, so i don’t have to keep looking for more space (but i’m not married yet, so i don’t have to worry that far ahead yet)
-every time a child is born, start putting money (weekly) away, for that childs wedding/ life
-two cars (one for my talmid chacham to get to kollel, and one for me to run errands and stuff
-(this shouldve come first) money to my parents and sibs, and to move my grandmother into a better retirement center
-on time tuition
-cleaning help once weekly
-wardrobe (for my talmid chacham and kids too, not just me)
-the rest (if there is any left after all this) goes to savings
and by the way, my kids will so not be spoiled (yeah i’d like to see that happen) 🙂June 22, 2011 1:07 am at 1:07 am #779191happiestMember
I would give as much as I could to (Jewish/frum) mental health organizations that are so helpful to many people.June 22, 2011 1:21 am at 1:21 am #779192☕️coffee addictParticipant
i’ve been retired so long I forgot the codes to bold the letters can another mod fix it and delete this post. thanks
also it helps to look under the post box where it says the markupsJune 22, 2011 1:30 am at 1:30 am #779193gefenParticipant
my answer is much the same as a lot of your answers: give tzedaka, buy a house, car, money to the kids, pay off debts, get cleaning help, etc.
THEN I’D WAKE UP FROM THAT AMAZING DREAM -get out of bed and get on with life as usual. 🙂June 22, 2011 1:32 am at 1:32 am #779194Doodle-Man™Member
how much maaser?June 22, 2011 1:41 am at 1:41 am #779195real-briskerMember
moskid – maaser is10%June 22, 2011 2:03 am at 2:03 am #779196YW Moderator-80Member
sorry 72 it took so long. ive been in and out
just replace B with the word: “strong”June 22, 2011 3:30 am at 3:30 am #779197minyan galMember
BTW: In Canada there is NO tax on lottery winnings (of course there is tax on the interest you will accrue on your investments) and you get the entire amount paid out in one lump sum – none of this paying you (or your heirs) over 20 years and cutting the prize money by more than half if you choose a lump sum payment. Here, if you win 10 million, you are paid 10 million. This is a wonderful country.June 22, 2011 5:32 am at 5:32 am #7791992qwertyParticipant
Why do people think maaser = 10% ? That’s a minimum you have to give and many poskim will agree that once you are this rich you have to give 20%. And they will probably allow you to give beyond that also.June 22, 2011 10:12 am at 10:12 am #779200aries2756Participant
Should I say I don’t play so I can’t say? Naw, we all dream. Ok, so here it is, Tzedaka is a given so Maaser comes off the top, that doesn’t or wouldn’t belong to me anyway. Then of course I would help my kids and put aside money for my grandkids “cause you never, ever know!” Yes I would do that before I opened the doors or answered a phone call. And then I would help my nieces and nephews that need help because family comes first before strangers and of course their parents.
OK, so I covered family right? OH gee, I forgot myself. Well I am entitled to do the things I always wanted to and finish the projects we never got around to or never had money to do right or complete. If there was money left over after that, I would keep doing what I have been doing until now and help those Hashem sends my way. That does NOT mean collectors at the doors or Yeshivas who all of a sudden found out I existed but didn’t know me when my kids needed a place to go or I was trying to help a client with one of their kids. I would never, ever give $$$$ to a yeshiva that throws kids out. Sorry, that is OUR policy. And I wouldn’t support a Kollel unless the talmidim had farhers and tests and had an actual plan of getting semicha and becoming Rabbonim and Poskim. That is my shita. I think it is wonderful that so many men learn these days if they can, but just because every Rosh Yeshiva needs to make a parnasah so they open their “own” kollel does not mean I have to support their dream. MY dream is helping kids, so if I met a yungerman who loved learning and needed support to become a Rav and a posek because he had a true ahavas yisroel, then I would support that particular man and not necessarily the mosad he chose to sit in. I would concentrate on the people themselves and how THEY needed my assistance because I don’t trust our current institutions. Sorry, but truly I don’t trust the system and I don’t trust anyone involved in orchestrating, promoting or administering it. I deal too much with its failures.
But that’s me, what’s your dream?June 22, 2011 12:36 pm at 12:36 pm #779201golden momMember
There was a story I think in the misphaca of a couple that won the lottery it sounded like in israel they had sb help them decide what to do w the $ tzoka they gave to a close family who really needed it then they bought apt for as many kids as they have (and I guess rented out) and bought themselves bigger apt they were living in a dump and cont living regular live went to work….and had a lot of pp not talking to them cuz they were not handing out $June 22, 2011 4:46 pm at 4:46 pm #779202veteranMember
minyan gal- I agree with you that taxing the winnings seems unjust. The tickets are purchased with after tax dollars and a portion of the ticket price is taken by taxing authorities (supposedly to fund education, but that’s probably as true as saying FICA funds social security) so that only about half is factored into the jackpot calculation. I think it is an inconsistency in the tax code to also tax the winnings.
I guess that there is no demand for “fair play” since it is considered gambling winnings. Why should we be fair to degenerates?June 22, 2011 4:47 pm at 4:47 pm #779203veteranMember
I missed your second point – the publicized jackpot amount in the US is the sum of the annuity payments. If we publicized the actual cash value instead nothing would change except that we would have lower jackpot amounts on the ads.
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