QOTW- Lottery/ Inheritance

iVillage Member
Registered: 10-07-2005
QOTW- Lottery/ Inheritance
11
Wed, 10-24-2007 - 2:59am

Ok, I was reading The Testament by John Grisham- please don't kill me if that's NOT the author, I don't want to get up and look- LOL!


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iVillage Member
Registered: 07-17-2007
Thu, 10-25-2007 - 11:59am

Interesting questions..

1. If someone in your family won a million dollars, would you feel like they owed you a piece of the pie? Would it be different if it was a parent/ sibling or an aunt/ cousin in determining your "entitlement"?

If anyone, (parent, sibling, aunt, cousin, whoever), in my family won a million dollars.. no I wouldn't feel entitled (unless it was my significant other, lol!) I would feel very congratulatory to them. Not my money! If they chose to give me some, I would be extremely grateful, and very surprised.

2. If you won a million dollars, would you feel an obligation to share the winnings with your family? If yes, would it just be immeadiate parents/ siblings or would you share with everyone?

If I won a million dollars, no I would not feel obligated to share it with anyone, except my daughter and my significant other. Lol -- I don't share well with others.

3. Would it matter if you won 10 million or just 1 million in determining if you would share with family?

Not gonna matter. See above answer re: sharing.

4. Would you share any with friends?

Probably not. Lol, as I said.. I don't share well.

5. Would you give any away, donated to a fund/ cause?

Yes I would. 10% off the top split between several different charities, because I was supported by each of them when I needed it most.

6. What would I do if I won the lottery? (1 million/10 million)

Doesn't matter the amount to me. I think my first instinct would be to put it in my high interest savings account until I came up with a plan, and had talked with a few experts. Then I believe, 10 % to charity first (for ex. if 1 million won, then 100 000 to charity). Then I would take 10% of the rest for shopping spree (in above example, 900 000 left, 90 000 for me)
Then half of the rest to go into trust for my kid/s (ie 810 000 left, so 405 000 in trust).
The rest would be invested into annuity-bearing funds, so I would receive an income monthly off the money, and I would live off that, and the income I already have.

Good yes? Lol.. I dream about it sometimes..
So not going to happen, because I don't play the lottery. \

Sarah AKA XeraRose, solo mom to Lissa, 3.5 yrs

Unschooling family -- education by experience!

SAHM, WAHM - I

love working from home!

Check out my website -- promises.fourpointmoms.com



"Don't procrastinate. In two days, tomorrow will become yesterday." -- Anonymous
Sarah AKA XeraRose, mom to Lissa, 4 yrs
Baby Zarielle born July 22, 2008!

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