...what would be your first purchase?
Mine: a house by the sea and some land next to it for my friend who wants to set up a sanctuary for rescued rabbits.
Mrs Unc told me that if I ever won on the lottery I could have a new Jaguar.
Last year I won on the lottery and she put her foot down and refused point blank to let me buy a new Jaguar. She moved the goalposts. Apparently, I had have a substantially bigger win than £10.
Here is a true story. This guy drove a cab, not one of those black cabs you see whenever London is seen in a film but a normal car type. Gypsy cabs or the things that Uber uses now but not that new. Anyway he had this regular job to take an old lady to pick up her pension. After a while he did not bother to put it though the books just came at the same time every week and they became friends. When she died she left him her house. Not a big house just 2 up 2 down but a house never the less. Then he won the lottery, not millions but a few hundred thousand. Enough to stop working. So he moved to the suburbs where the golf courses are but he did not fit in. He would find himself down at the taxi office most nights talking to his old mates and swapping taxi stories. After a while he ran out of stories and they all had work to do. So he bought 2 Jaguar cars, drove one as a luxury cab and rented the other to a mate to do the same. Now the moral of this true story is this. That guy was lucky. Not because of the house or the lottery but because he is doing what he likes to do and knew it.
Wrong question. The real one is what are you doing 5 years after winning the lottery? After the cars, family, holidays, houses, friends and partying is over. When you have thought about it and come up with an answer. Ask yourself another one... can I do it anyway?
First, I would pay off my debt (credit cards and student loan) and make sure my family members are debt-free as well. Then I would buy some adventure; see the world, live in a few interesting places for a while. After that, I don't really know. I guess it depends on if I'm ready to settle down and live in one place for a while, or if I'll keep traveling.
First would be to pay off existing debts and mortgage. Then set up college funds for the grandchildren. If I win this week I'm going someplace warm for the rest of the month, I'm tired of the freezing my butt off crap that is a normal February in Nebraska.
First thing, help those closest to me out of debt, and set up college funds for the kids.
Second, get whatever cutting-edge surgery is available to restore my vision as much as possible.
After that, there's no telling what I would do. I'd likely disappear, except to those closest to me.
I've a mental list of people that I'd like to give to. Of course my kids & grandkids, but a few friends and acquaintances that have been good to not only me, but to others as well.
Once they are taken care of, I'm on the road to all my bucket list places.