Wednesday, November 2, 2011

The Big Bucks

Lottery fever is in the news this week because the Powerball jackpot is $245 million tonight. The odds of winning are ridiculously small (1 in 195 million) but everybody suddenly plays anyway. Why not play when the local jackpot is only a million? That’s a lot of money to most people too, isn’t it?

So what would you do if you won $245 million?

My plan is funny because very few people would know I won, at least not at first. I'd tell my sister, a couple of very close friends and my accountant. I'd keep my job but eventually cut back to just the parts I like. I wouldn't buy crazy expensive stuff but I would buy several properties, one here as my primary residence, one on a beach, one on the river in New Orleans and a couple in other places I like to visit. I'd pay off all of my sister’s debts and some big bills for a few close friends. I’d probably buy a 2nd or 3rd car. And take quiet but insanely expensive vacations. Fly 1st class, of course. Buy box seats at concerts and sporting events and treat friends to that stuff.

I would NOT buy a Bentley, $5000 suits or $500 shoes. I would avoid publicity at all costs.

I WOULD find a way to help fund some non-profit organizations that mean something to me.

Great to think about this stuff, isn’t it? However, I guess I actually have to buy the lottery tickets to have any chance of winning.

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