The Daily Dose Blog The Daily Dose Blog Home

How Would You Spend Your Lottery Fortune?

By Rich_Maloof Sep 21, 2012 11:19PM

When plunking down your dollars to buy a lottery ticket, it only makes sense to start planning how your inevitable millions will be spent. But not everyone dreams of a personal chef, a pet dipped in gold and a tropical island to call their very own. More than six in 10 adults say that, even after hitting the jackpot they would follow a cautious course and live frugally, holding their current job while parsing out their fortune in nickels and dimes at discount stores.

It’s a hypothetical decision about a wildly hypothetical windfall, but maybe the long-lagging economy has had an impact on the way Americans think about lavish spending. An online survey of 2,570 adults conducted by the penny-pinchers over at CouponCabin explored how a lottery fortune would affect spending habits and choices, and more than half of respondents said they would be "extremely or very likely" to maintain cheap living habits such as shopping at dollar stores and buying items only when they're on sale. Thirty-six percent said they would continue working at their current job.

Could a sudden multimillionaire really keep the purse strings tight on a bulging purse? Some, at least, indicate they’d try not to go all Kanye with their winnings. CouponCabin offered a sampling of responses to a question about what people would do with the money if they won a large amount. You can read their list here, but following are a few notables:

• "Build a homeless shelter."
• "Pay for medical procedures that my insurance won’t cover."
• "Get a divorce."
• "Buy my parents a home closer to me so I can take care of them."
• "Start my own business."
• "Donate 10 percent to my church."
• "Get rid of my student debt."
• "Open an orphanage."

The Daily Dose offered a handful cautionary tales of lottery fortunes turned to profound misfortune earlier this year, when a record-breaking Mega-Millions pot prompted us to ask, Who Could Blow $640 Million? Perhaps the best way to make sure a lottery doesn’t change your good habits, or your good life, is not to win at all.

Photo: Buena Vista Images/Getty Images


May 17, 2013 10:00PM
I would also donate a few millions to Shriners Hospital and Emanuel Childrens hospital . Both have saved my boys and helped my oldest walk again
May 17, 2013 9:58PM
Pay off my bills , and my moms bills . I would clean up my credit . Of course I would buy a home , but I would let my boys furnish it how ever they want . Pick thier own beds , TVs , everything . But most importantly I think , would be to build a roller rink / 50's style drive in restaurant out in our town . Meth is heavy out here for teenagers . Maybe if they had something more to do out here , they would stop before they ever get started . Then the restaurant. would have the great big jukebox , the roller skating waitresses and of course , the classic car shows every summer . Just to build something out here that  everyone of all ages can enjoy . oh and buy a new truck for the husband , and my self .

May 17, 2013 9:48PM
Retire, build a new home, buy some new cars, and travel with my family. Set up a trust fund for my parents and in-laws. If I'm not friends with you today I wouldn't be after the Powerball either.
May 17, 2013 9:47PM

1. Consult with a trusted cpa and set up a trust so I could collect the money anonymously. Do not tell a soul outside of immediate family and swear them to secrecy. Collect the cash in a lump sum. About 227 million after taxes where I live. Set up a good team of financial advisors and diversify my holdings in order to mitigate risk as much as possible. Make sure to cover things like estate planning, etc.

2. Take care of immediate family and swear them to secrecy. None of them will ever have to work again. Tell no one else.

3. Move out of the country. Most likely to a country that has no income or estate taxes such as Monaco or Andorra. Begin the long process of changing citizenship so uncle same wouldn't take 90% when I die.

4. Travel, party, do everything that sounds fun. live the dream. Funnel large amounts to charities. Eventually send about 90% to charities and 10% to family members at my death. I have a soft spot for veterans, children and animals so I could see a foundation being set up to support worthwhile organizations that serve these groups.

May 17, 2013 9:45PM

if you win and come forward, your long lost COUSIN WILLIE will call you for

a new kidney, car, house, etc.


cant we just be anonymous?


♪♫I wanna be a billionaire so fvcking bad.

Buy all of the things I never had

I wanna be on the cover of Forbes magazine

Smiling next to Oprah and the Queen. ♪♫

May 17, 2013 9:37PM
Man, if I hit for this much money first and foremost I would pay off my student loans then I would do for my family (my children, mom, dad, & brother). With the rest of the money I will mostly save and use only when I have too. BUT.....if I do hit I will surely keep it to myself and hire a finacial advisor.
May 17, 2013 9:31PM
First I guess I'd have to pay my fair share to the sleazy I.R.S.
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?

inspire: live a better life

  • 13 ways to improve your life this spring

    13 ways to improve your life this spring

    No one looks forward to washing windows or storing the ski gear or the other chores associated with spring-cleaning. But this annual ritual does not have to be a drag, if you approach it in a slightly different way. "You've been cooped up with this cave-like mentality all winter; now it's time to break free and play," says R.D. Chin, a feng shui architect and consultant in New York City. "It's time to follow the cycle of nature, get rid of the clutter, and free up your mind." Here's our idea of what a truly effective spring-cleaning can look like.

  •  David Paul Morris, Bloomberg via Getty Images //  David Paul Morris, Bloomberg via Getty Images ( David Paul Morris, Bloomberg via Getty Images)

    Top Americans of all time named

    American presidents garner most votes over celebrities in a poll ranking the 100 most significant citizens.

  • The 10 coldest travel destinations on Earth

    The 10 coldest travel destinations on Earth

    Heading to a world-class beach town is always a safe bet for a great vacation, but if you want something that tests your limits, consider a more extreme spot. Here are 10 places around the world that require a winter coat year-round and offer spectacular glaciers, ice features, and the best snow anywhere.

  • 50 hidden gems in the US

    51 hidden gems in the US

    From the Grand Canyon to the Statue of Liberty, the U.S. boasts world-famous national parks, historical sites and landmarks. Beyond the well-known locations, there's a wealth of undiscovered destinations stretching from coast to coast worth visiting. From scenic sand dunes to wild mountains, here's 51 places within America that you've probably never heard of.

  • Hudson Bay has old earth rocks

    10 interesting facts about the Earth

    How much do you really know about the Earth? In honor of Earth Day, April 22, we explore some interesting and fun facts about the fifth-largest planet of our solar system.

  • stress and happiness

    Beat stress and boost happiness

    Most of the stuff we worry about never happens.

  • How to end an email

    You've written an email, and need to wrap it up. You could end with a simple "Sincerely," tack on your name, and then shoot it out the door, proving definitively that you suck at communication.

  • Go where few have gone

    Craziest places to visit on the planet

    Here are nine of the most extreme trips on the planet -- and the outfitters that take adventurers over the edge and back again.

  • 10 serious adventures anyone can conquer

    10 serious adventures anyone can conquer

    A true challenge is within your reach. All it takes is a few months to get in shape and a few days off work.

  • How to set a world record

    How to set a world record

    Think you got what it takes to be included in the pages of the Guinness Book of World Records? We consult one of the judges to help you on your quest.

  • User-friendly home automation

    8 ways to smarten up your home

    Just a few years ago, the term "home automation" meant a bunch of blinking lights and a headache. But thanks to simpler interfaces and the rise of smartphones, new tech can transform your house into a safer, more comfortable, less wasteful place.

  • The 13 most annoying people on the airplane

    The 13 most annoying people on the airplane

    If you're like most people, flying around in a big metal tube in the sky isn't your idea of a fun time. From the terrible food to the cramped space, flying can be a miserable experience. Don't make the flight even more soul-sucking by breaking airplane etiquette. We've compiled a list of the worst-inflight offenders. by Rebecca Pattee

about rich maloof
buzzing now on msn living
inspire videos
editor's picks