Comments: Money Honey

Years ago they did a tv special on lotto winners. Most were broke. They left faithful wives for young skanks. Gave up old friends for the party crowd.
Bought lots of cars. Beach houses. Threw it around. The most common comment was "I didn't know who to trust".

I do buy lotto tickets. In the off chance I win, First two phone calls I make are to my lawyer and a trusted financial advisor.

Who do I trust? The people who backed me when I was down. The ones who bought the beer when I was broke. Bailed me out in time of need.

My life wouldn't change much. I gave my list of stuff on a comment here recently. My life wouldn't change, but a lot of others would.

Posted by K-nine at November 30, 2012 01:29 AM

I'd use what I need to pay off everything that needs to be paid off, get a few necessary items that we really need (like new cars, nothing too fancy, just transportation), possibly a modest house out in the country, tithe 10% to the church, and save the rest. In other words, I'd improve my station and quality of life without radically changing it.

Posted by diamond dave at November 30, 2012 09:33 AM

We play, but our lives wouldn't change too much if we won... probably because there's a long list of "co-owners" that we'll claim bought the ticket with us. It even includes Arthur's co-workers, if that's any indication of the length of said list... ;)

Posted by pam at November 30, 2012 09:53 AM

I quite agree with Dave. Keep it simple.

On the other hand, I stayed away from that last Powerball if only because it was half-a-BILLion dollars. Inconceivable!!!

Posted by The Thomas at November 30, 2012 09:54 AM

I buy a Lotto ticket every now and then, but I'm like you, when I daydream about winning, I think of the negative as much as the positive. Like K-nine, I've seen several stories on how big-money winners quickly end up friendless and broke and don't know who to trust. If I won, I'd quit the job I dislike and buy a new car to replace the current 11-year-old one, but that's it. Nothing fancy, I just don't have expensive tastes.

Posted by George P at November 30, 2012 12:16 PM

I buy the occasional ticket like once every 3 years or so. Oddly enough I didn't know about this big jackpot until the night of the drawing. I'm so not in touch with the world. Not sure why I play since I know I won't win. I usually don't even have a single number on the card when I do play.

I agree with you though. To win something like that is a huge responsibility and far more work than I'd like to put in to any kind of money thing. I wouldn't mind the lesser prize or even a jackpot from a smaller drawing because those don't make headlines. But I would never win, even if I played every week, so it's pretty much a moot point.

Posted by Teresa at November 30, 2012 06:13 PM

And the crazy thing is... I'd not want to quit my job. I have people that depend on me and I take that pretty seriously. I know we're on low freak right now because a couple guys want to retire. One of them is 70. (He works three days a week for fun.) But then I'd not worry about sequestration...

Posted by Bou at November 30, 2012 11:32 PM

2nd place was $1 million dollars this time around.

That would be a nice retirement nest egg. Except you know the 2 that got 2nd place are going to go out and spend it all.

Posted by Quality Weenie at December 2, 2012 10:57 AM

Oh I agree completely on the not retiring. I mean... what the hell else will you do? Sit and look at walls? You have boys in school. It's not like you could up and move somewhere or take an around the world trip or some other big thing that people with no kids or grown kids can do.

Right now you'd have to sit tight no matter what and let them finish their school stuff. No matter how much money is involved, that's how it is. So why not work and why not keep your brain engaged. The not worrying about money would take away that part of the worry spectrum... of course you'd still be worried about the work part of it, but that worry then becomes more manageable. If you see what I mean.

And of course then none of us ever win the big one ;)

Posted by Teresa at December 2, 2012 08:23 PM