Do you ever play the 'what if' game of winning the lottery? Someone posted about that recently and it made me think what if I did. Actually, I rarely buy a ticket; I get bored quickly when I don't win anything and don't think about it for six months or more. When I do, I'll calculate what the winnings would be after taxes (govt would take around 40%) and imagine what I'd do with that amount.
I don't play for the big ones, I can't even imagine having 80+ million and wouldn't know how to adjust to that. $100,000 seems like the perfect amount. That would pay all my debt, including the mortgage and leave enough for my son's college education easily. Even the $60,000 that would be left after taxes would allow me to cash-flow the tuition. Ahh, dreams.
Right now the lottery is built up to the point that the payout would be $570,000. This is where the imagination gets to run a bit wild. Solar panels for anyone in the family interested. College funds for my sister's kids. The barn roof!!! In fact, I'd have the whole thing fixed up properly. A privacy fence around my back yard so the dogs aren't driven mad by all the unrestrained dogs in town and the neighbors couldn't ride their four-wheelers and snowmobiles across. Have the well pump on the farm repaired. Maybe even a wind turbine for the farm; it would be the first in the county!