If I won the Lottery…

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  • #597526
    BSD
    Member

    How would you spend the $$$$$$$?

    #779170
    real-brisker
    Member

    It’s easy to talk before you have the money.

    #779171
    apple
    Participant

    I would buy a new house, give lots of $$$$$ to tzedakah buy a new wardbrode, and I would NOT move!!!!! love where I live:)))))

    #779172
    haifagirl
    Participant

    Obviously tzedakah.

    Buy an apartment.

    Help a whole bunch of friends make aliyah.

    Go back to school. Permanently!

    #779173
    ☕️coffee addict
    Participant

    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?

    #779174
    mewho
    Participant

    a dollar and a dream

    #779175
    A Heimishe Mom
    Participant

    Hire a cleaning lady!

    Then maybe a cook who will meal plan and health food shop as well.

    #779176
    GumBall
    Member

    K so Here goes…

    Maaser$$

    Buy a Huge house

    buy tonza clothes

    give some 2 my siblings….

    The list never ends…I just need time 2 think of more…

    #779177
    RedNails19
    Participant

    Make my dreams a reality.

    #779178
    MiddlePath
    Participant

    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.

    #779179
    rescue37
    Participant

    RETIRE

    #779180

    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.

    #779181
    minyan gal
    Member

    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.

    #779182
    YW Moderator-72
    Participant

    If I won the Lottery…

    How would you spend the $$$$$$$?

    this is a great offer – you win and I get to spend…

    #779183
    HaLeiVi
    Participant

    Pay the tax.

    #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>

    results in:

    I’m rich!

    (actually,

    I’m alredy retired so I’d give it all to DaasYochid!)

    #779185
    Feif Un
    Participant

    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.

    #779186

    whoah..look what happens to a moderator when he retires.

    i think you should go back to school and then join the ranks

    #779187
    YW Moderator-72
    Participant

    i’ve been retired so long I forgot the codes to bold the letters can another mod fix it and delete this post. thanks

    #779188
    goody613
    Member

    If I had a million dollars

    Id buy you a house

    Id buy you a car

    anyone remember that song?

    #779189
    Queen
    Participant

    Taxes take a HUGE chunk of your winnings…. so keep that in mind while you dream

    #779190

    -maaser

    -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) 🙂

    #779191
    happiest
    Member

    I would give as much as I could to (Jewish/frum) mental health organizations that are so helpful to many people.

    #779192
    ☕️coffee addict
    Participant

    i’ve been retired so long I forgot the codes to bold the letters can another mod fix it and delete this post. thanks

    guess not,

    also it helps to look under the post box where it says the markups

    #779193
    gefen
    Participant

    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. 🙂

    #779194

    how much maaser?

    #779195
    real-brisker
    Member

    moskid – maaser is10%

    #779196

    sorry 72 it took so long. ive been in and out

    just replace B with the word: “strong”

    #779197
    minyan gal
    Member

    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.

    #779199
    2qwerty
    Participant

    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.

    #779200
    aries2756
    Participant

    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?

    #779201
    golden mom
    Member

    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 $

    #779202
    veteran
    Member

    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?

    #779203
    veteran
    Member

    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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