Being Rich!!

Janet · 12-01-2006, 02:10 PM

Did any of you catch Oprah this afternoon? She had people on that either won the lottery, found money or worked hard and earned it, and then to lose it in the end. Most lost it by drugs or just spending it all foolishly. I would never do that if given the chance for a million dollars or really anything less. Some gave a lot to their friends only to find out, they really were not the kind of friend they should have. After getting the money, they just dumped them.

Seriously...what would you do if you found yourself with a great windfall?

I would pay of all that I owe, which really isn't all that much. I would put some back for my son's education and then invest the rest. Sure I would want to help out family and a couple of friends, but it wouldn't be anything like go out and buy them a new car, house or get them out of debt. If they were really good friends, I would hope that they would be satified with a couple hundred and that's it. The rest would be for me to live on. Not to say that I wouldn't divide it between family and friends after I passed away, but at least three fourths of it or more would be left for my son's future and hopefully he would invest it wisely too!

RLC12345678 · 12-01-2006, 02:14 PM

If I won the lottery, I would pay off all me and my hubby's education, buy a house, and buy new cars for hubby and me. THEN, I would give my parents and my hubby's parents a whole bunch, and I mean a WHOLE bunch of money for taking care of us through all these years. If it weren't for them, Will and I would not be where we are today. I would also pay for my sisters' educations and my hubby's sister's education. Then I would hire a housekeeper and a chef. Then I would invest the rest, if I had any leftover!

But hubby and I both would definately still work.

SweetCuteness · 12-01-2006, 02:24 PM

I would pay off my student loans, give some to my brother (he's a huge saver, so I know he'd invest it), go on a small shopping spree, and invest the rest. You've got to have some fun with some of it!

I would probably purchase a couple of pieces of property also - real estate is definitely a money maker. I would definitely buy a new car as well.

OH! And I'd get my little guy (Ferdinand) another yorkie to play with.

blowry · 12-01-2006, 02:33 PM

I would pay off my house and give some to my 2 daughters.

Janet · 12-01-2006, 02:33 PM

You two are much more generous than I am. Not that I don't want to be, but I would want to make sure me, hubby (?) and son's future is secure first. Then I would "think" about helping my other family and friends. After seeing how one day they "had it" and practically the next day it was gone...I just don't wouldn't want that to happen. I am tired of struggling all the time.

Tink · 12-01-2006, 05:48 PM

I've struggled much of my life financially. We've had some really crappy luck with medical problems, our house burning, hubby getting hurt at work and being off for 5 months one time, 3 months 2 other times. Our income dropped by 60% overnight when I found out about my heart problems. It's not that we haven't tried, but we have definitely struggled. NOW we're both finally making good income and life is on the upswing. We will never be rich, but at least we can afford to live modestly without the usual struggle. So I know how it is and would never want to go back.

Because of my own experiences, I would definitely give as much as I felt I could afford to several friends, and family members who have also struggled. I wouldn't be happy with a million $ in the bank with those I love still struggling, so it wouldn't even be a question for me.

I'd definitely pay off our own bills and buy a few luxories, but I'd also make sure I shared the wealth.

RLC12345678 · 12-01-2006, 07:30 PM

The only reason I would give away a lot of my money to my parents, in-laws, sisters, and sister-in-law is because they have helped hubby and me during this financially difficult time in our lives. My hubby is almost done with medical school and I am about to start law school. With both of us in school, we have ZERO money! We have so many loans to pay back. Our families have helped support our educations and they have done everything possible to help hubby and me get to where we are today and I would want to repay them somehow. However, I would NOT ever give anyone any money that has not done so for me or that I think would not help me if I needed it.

12-01-2006, 02:10 PM	#1
Janet Moderator Donating 4WT 18K Club Member Join Date: Sep 2006 Location: INDIANA Posts: 21,624	Being Rich!! Did any of you catch Oprah this afternoon? She had people on that either won the lottery, found money or worked hard and earned it, and then to lose it in the end. Most lost it by drugs or just spending it all foolishly. I would never do that if given the chance for a million dollars or really anything less. Some gave a lot to their friends only to find out, they really were not the kind of friend they should have. After getting the money, they just dumped them. Seriously...what would you do if you found yourself with a great windfall? I would pay of all that I owe, which really isn't all that much. I would put some back for my son's education and then invest the rest. Sure I would want to help out family and a couple of friends, but it wouldn't be anything like go out and buy them a new car, house or get them out of debt. If they were really good friends, I would hope that they would be satified with a couple hundred and that's it. The rest would be for me to live on. Not to say that I wouldn't divide it between family and friends after I passed away, but at least three fourths of it or more would be left for my son's future and hopefully he would invest it wisely too! __________________ To every thing there is a season, and a time to every purpose under the heaven. ECCLESIASTES 3:1

12-01-2006, 02:14 PM	#2
RLC12345678 4WT 500 Club Member Join Date: Sep 2006 Posts: 1,614	If I won the lottery, I would pay off all me and my hubby's education, buy a house, and buy new cars for hubby and me. THEN, I would give my parents and my hubby's parents a whole bunch, and I mean a WHOLE bunch of money for taking care of us through all these years. If it weren't for them, Will and I would not be where we are today. I would also pay for my sisters' educations and my hubby's sister's education. Then I would hire a housekeeper and a chef. Then I would invest the rest, if I had any leftover! But hubby and I both would definately still work. __________________ Rebecca "To whom much is given, much is expected." ~Luke 12:48

12-01-2006, 02:24 PM	#3
SweetCuteness Senior Member Join Date: Sep 2006 Location: Oro Valley, AZ Posts: 120	I would pay off my student loans, give some to my brother (he's a huge saver, so I know he'd invest it), go on a small shopping spree, and invest the rest. You've got to have some fun with some of it! I would probably purchase a couple of pieces of property also - real estate is definitely a money maker. I would definitely buy a new car as well. OH! And I'd get my little guy (Ferdinand) another yorkie to play with. __________________ Britta Nobody gets to live life backward. Look ahead, that is where your future lies.

12-01-2006, 02:33 PM	#4
blowry Senior Member Join Date: Sep 2006 Location: Massachusetts Posts: 450	I would pay off my house and give some to my 2 daughters. __________________ Brenda

12-01-2006, 02:33 PM	#5
Janet Moderator Donating 4WT 18K Club Member Join Date: Sep 2006 Location: INDIANA Posts: 21,624	You two are much more generous than I am. Not that I don't want to be, but I would want to make sure me, hubby (?) and son's future is secure first. Then I would "think" about helping my other family and friends. After seeing how one day they "had it" and practically the next day it was gone...I just don't wouldn't want that to happen. I am tired of struggling all the time. __________________ To every thing there is a season, and a time to every purpose under the heaven. ECCLESIASTES 3:1

12-01-2006, 05:48 PM	#6
Tink Donating 4WT 2000 Club Member Join Date: Sep 2006 Location: Rural Wisconsin Posts: 3,707	I've struggled much of my life financially. We've had some really crappy luck with medical problems, our house burning, hubby getting hurt at work and being off for 5 months one time, 3 months 2 other times. Our income dropped by 60% overnight when I found out about my heart problems. It's not that we haven't tried, but we have definitely struggled. NOW we're both finally making good income and life is on the upswing. We will never be rich, but at least we can afford to live modestly without the usual struggle. So I know how it is and would never want to go back. Because of my own experiences, I would definitely give as much as I felt I could afford to several friends, and family members who have also struggled. I wouldn't be happy with a million $ in the bank with those I love still struggling, so it wouldn't even be a question for me. I'd definitely pay off our own bills and buy a few luxories, but I'd also make sure I shared the wealth. __________________ 'A simple way to take measure of a country is to look at how many want in.. And how many want out.' England 's Prime Minister Tony Blair'

12-01-2006, 07:30 PM	#7
RLC12345678 4WT 500 Club Member Join Date: Sep 2006 Posts: 1,614	The only reason I would give away a lot of my money to my parents, in-laws, sisters, and sister-in-law is because they have helped hubby and me during this financially difficult time in our lives. My hubby is almost done with medical school and I am about to start law school. With both of us in school, we have ZERO money! We have so many loans to pay back. Our families have helped support our educations and they have done everything possible to help hubby and me get to where we are today and I would want to repay them somehow. However, I would NOT ever give anyone any money that has not done so for me or that I think would not help me if I needed it. __________________ Rebecca "To whom much is given, much is expected." ~Luke 12:48

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