So you won the lottery...now what?

[Jefecinco]

Keep my mouth shut around family and most friends.
I’d have a fully restored 1972 Blazer, and probably 150acres

I will remember this!

[Jason Fry]

Yep, lawyer and financial guy. Debt free, then endowment/retirement funding, then land.

[Hardware]

Get disconnected from the digital world and Disappear!!!

[JHT]

I watched a show about lotto winners flameouts & successful stories post winning.

They all concur telling anyone you won is the biggest mistake you can make.
Lay low while the store who sold the ticket gets all the press.

Make a game plan later on down the road and if you just can't wait to buy something big always goto Vegas the week before & say you won the money there.

[Bucknaked]

Lawyer- trust
Tithe
St. Judes
Family
No land or homes in this country because it won’t be long until the government steals it from us!

I would probably add a bunker real quick!

[Bullseye07]

Have a meeting with my church leaders and pay of the churches bills and make any repairs that need to be made.

I try to put our Lord 1st in my life.

A lot of churches would not accept winnings from your gambling(which the lotto is). Mine would turn it away.


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[Bucknaked]

a lot of churches would not accept winnings from your gambling(which the lotto is). Mine would turn it away.


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🤣

[flywise]

I will remember this!

I said MOST of my friends
I'd still take you and Goon on a Moose hunt

[Jefecinco]

I said MOST of my friends
I'd still take you and Goon on a Moose hunt

[BigL]

Lots. Lots of whiskey and women.


Serious answer is hire attorney and tax consultant. Since after taxes probably would get about 6MM, I'd talk to a financial advisor about something like putting 4MM into a bond ladder with bonds that pay 3-4% if any exists, especially muni bonds where I get the tax advantage and can get around 120-150k per year.

The other 2MM I would probably buy a 50-100 acre track of land in the hill country, build a barndaminion on it, buy cattle for the tax breaks, etc. and live debt free with fixed income coming in and and not have to touch the rest. I may work 4-5 (max 8 to when I turn 59 1/2) more years and reinvest the money from the bond coupons and increase the amount I have in the bond ladder which will increase my monthly income stream in retirement.

[Diamond07]

-Pay off high interest debt
-healthy down payment on new homestead in a good school district
-invest the rest in real estate
*treat myself to a boat and a couple APRs once I’ve invested a big chunk

[MadHatter]

A lot of churches would not accept winnings from your gambling(which the lotto is). Mine would turn it away.


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The church I grew up in would as well.
One of my friends won a brand new dodge truck off a coke bottle top in the late 90s and that bottle top went straight in the trash .

[dustoffer]

Tithe, tax, family, friends, and buy me a place to hunt.

[M16]

Throw it in the pile with the rest of my money.

[sailor]

I'm already debt free.
But, I'd be really hard to find.