A couple of years ago when lottery fever was high, I wrote a post about what I would do with the money if I won. Today, I revisit the list below.
- Sign the ticket – still a good first step.
- Hire my accountant/wife as my financial advisor(although she is sometimes surprisingly bad at math) – I guess I would still use her, but I would also find a good lawyer as well.
- Claim the money quick because I would be afraid I would lose the ticket. – Same. I wouldn’t want to wait to long because who knows what could happen.
- Remain anonymous – I’m pretty sure this is still an option in Maryland. If so, I would still remain anonymous. I don’t need everyone to know I’m wealthy.
- Quit my job – I would do this, but not right away so people wouldn’t realize I won. I would work for a little while longer and then find a time when it was particularly annoying and quit in a spectacular fashion.
- Set up trust funds for the kids – Same, but would make it so they didn’t get it until they graduated college
- Pay off the debts of my family members – I guess I would still be nice to my family
- Buy my mom a house – Unfortunately, no longer an option.
- Buy a better car, but not an extravagant car – I like the car I have now, but I would probably still upgrade.
- Remodel my basement to make it nicer for social events/man cave – Now that the kids are away at college, I would probably lobby for a new house away from the suburbs. Maybe move in to the Obama’s neighborhood in DC.
- Enjoy life – As much as a grumpy old man can.
- Travel a lot and in first class – Same. I love to travel and the money would make it easier and more comfortable.
- Splurge responsibly – Maybe not so responsibly.
I don’t know why I didn’t add charities to that list. I would give money to my church and other worthy charities. I was very greedy when I wrote this list. I also mentioned at the end the possibility of hiring a driver. That is still on the table. I hate to drive.