Let’s say you decide to do the lottery one day, and happen to hit it big and win a million dollars. What would you do? What is the first thing you would spend it on? There are so many possibilities, but realistically there are some tough decisions that have to be made. How much would you save for retirement? How much would you donate (if any) to charity? How much would you use for your own luxury? This is a very interesting question to think about, and even I am not completely sure what I would do.
I guess the first thing I would take care of is my college bills. I have two years paid off already, meaning approximately two years left which would be about $100,000. I would set aside about $200,000 to buy my own home once I get out of college. I would also spend about $20,000 to get my own new car. $10,000 would go toward season tickets for the Patriots and Celtics. I want to donate $100,000 to charity and to my churches. I would make sure $500,000 goes into my retirement account, since you never know what is going to happen with the economy. The remaining $70,000 would be split between a personal vacation to Europe, since I have never traveled outside of the country, and my family.
Let me know what you guys would do with a million dollars in the comments down below. Don’t forget to like the post, share with your friends, and follow the blog if you have an account.