31 Day Blogging Challenge Day 14: If You Won The Lottery…

So, I skipped a couple days because I had other posts I had to post on those days.  I’m back at it today!

As of today, the Powerball jackpot is an estimated $155 million, with a $92.4 million cash value.  I would take the cash value, I know there is a lot of debate as to which is the smarter decision, and while I have an argument for why I would choose the cash value, it’s unimportant.  What is important is that at minimum when all the taxes and everything else are taken care of, I should have $40 million.  That has to be enough, if it isn’t then the money isn’t the problem, I am.

Now that we have that out of the way, how would I spend the money?  I would first have to take care of Sarah’s family, and my own.  I think that in the process of setting them all up (for life if they’re careful) I should have a minimum of $25 million.  With this money, I would set up three trust funds, one for Logan and any other children that I have, one for my sister’s daughter and any other future children she has, and one for my sister-in-law’s two sons and any others that are to come.  The trust would pay for education for each of those lines of kids, and if there is enough for their children and so one.

So now, I think there is about $20 million left.  I’m buying a house in California, nothing too big or expensive, but I want to be able to go there whenever I want, same with Italy if I can find something doable (this is less about money, and more about I’ve heard it’s difficult for American’s to buy property there).  I would also probably buy something small in Massachusetts, so that Sarah and I have somewhere to stay.

I would definitely want to do something good for others with the money, but I haven’t thought specifically about what I would do.  There are lots of little things I would do, but some of those aren’t necessarily jackpot required, so as of right now I just don’t know yet.

I am currently unemployed, and so I would probably stop looking for employment, or at least stop looking at employment that is just for a paycheck, and continue to write, and do the things I love doing anyway, but hopefully in a way that is more similar to a full time capacity.  The key balance in this part of the equation would be how to keep myself most busy and satisfied, while also burning through as little of the money as possible.  So if I could make money writing and vlogging and everything else that I do, that is what I would go for.

I think that the two big ways in which I would change is mostly in having the homes in my two favorite places, and the ability to better provide for my family/extended family.  It’s probably pretty clear that I’ve put some thought into this.

What would you do if you won the jackpot?  Comment Below…

Published by Michael Christopher Cole

Michael, is a highly motivated, filmmaker and video professional. Coming from a marketing background, Michael knows not only the ins and outs of a quality video, but also how to make the most impact across various media platforms. In addition to his work with Chocolate Diamond Media, Mike enjoys family time with his wife and son, traveling, and reading.

3 thoughts on “31 Day Blogging Challenge Day 14: If You Won The Lottery…

  1. This is difficult. I would probably buy a large home with a writing shed, get my husband and I each a new car, pay off my student loans… Honestly, that’s as far as I’ve gotten! I’d probably donate some and set up college funds for my nephews but I’m not sure really what else I would do.
    Great post!

    Liked by 1 person

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