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Ideas for if/when you win the lottery



This news story was published on January 13, 2022.
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While we all realize the chances of landing a big lottery are slim (like, very, very slim), there’s no harm in dreaming once in a while what we might do if we somehow bought that miracle, winning ticket. As the saying goes, ‘You’ve got to be in it to win it’ and, as unlikely as it might seem, every one of us that buys a ticket has the same outside chance of having our numbers called.

If you’ve ever considered what you might do if you were lucky enough to be gifted a big win (or even if you’re currently one of the very lucky ones and are deliberating what to do with your winnings) below are some of the most common lottery dreams.

Invest

Ok, so investing a lottery win might not sound like the most glamorous or exciting option but the truth is, if you won a substantial amount of money, you could very easily live off the annual interest that could be earned from making smart investments. Sadly, countless big lottery winners went crazy and splurged the cash only to find themselves right back at square one after just a few years. Investing a lottery win (or, at very least, a slice of the total) could see you set up for life. 

Buy a boat or yacht

In complete contrast to the relative prudence of investing, buying a boat or yacht is the dream of many of us. Few things embody the concept of lifestyles of the rich and famous than owning your own boat. For that extra power boost, look for models that feature Volvo Penta engines.

Go on a dream trip

One of the first things you’ll likely do on winning the lottery is quit your job and thereafter the world really is your oyster. With so much time and available cash on your hands, why not start planning that dream, once-in-a-lifetime trip to all those places you always dreamed of visiting? Round the world trips or lengthy cruises are common but also think about planning more bespoke, off-the-beaten-path tours to places that have fascinated you over the years. 

A whole new wardrobe

Of course, all this jet-setting and hobnobbing in the higher echelons of society demands you at least dress right. For men, you’ll want to invest in a James Bond-esque tux plus casuals for the more relaxed moments. Women – take a day out to your favorite upmarket shopping boulevard and splash the cash on those Louboutins, dresses and outfits that had you salivating for all those years. 

Give to charity

They say giving is better than receiving and, with so much disposable income, you’ll be in a better position than most to get altruistic and give back to society. Think about charities or organizations that have benefitted your family or friends over the years (we all have them), then arrange to transfer funds. There is truth to the idea that giving can be very rewarding, plus you’ll make a big difference to the lives of others.

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