What would you do if you won the lottery?

I know that New Zealand’s lottery isn’t big by international standards, but that doesn’t change the fact that winning $50 million would change anyone’s life significantly.  And whether we’re poor, or middle class, or even upper middle class, dreaming about what we’d do with $50 million is fun.  😛

Usually I daydream what I’d do if I won the lottery when we’re on a particularly tight budget.  I’m not sure if it’s a way of punishing myself or escapism, but it’s what I do.  However, with $50 million that ‘must be won’ tonight, it’s been on everyone’s minds, not just mine.  I know this, after discussions around the lunchroom table at work!

I can’t possibly detail everything I’d do with $50 million, but here’s my ‘starter kit’:

  • First thing I’d do is contact a financial adviser.  Luckily for me, I’ve worked with financial advisers, and I know exactly who I would use – someone I trust to do the right thing for me.
  • Pay off my mortgage.
  • Pay off my parents-in-law’s mortgage.
  • Pay off my sisters’ mortgages.
  • Buy a house for my brother-in-law.  Whether he would live in it rent-free or own it freehold, I’m not sure.  He doesn’t easily accept gifts, but hopefully he could be persuaded if we told him we won the lottery.
  • My husband is adamant that the ‘sharing’ of the money is fair, so we’d then have to make sure that my parents received the same amount of money as his parents, and that all the siblings received the same amount of money.  We’d make sure that all the parents were comfortably situated for the rest of their lives.
  • We’d buy an apartment for our 18 year old son to live in.  Him moving out of home would greatly improve the parent-child relationship we all have.
  • We would buy some land (maybe 5 acres) in West Auckland and build a house.  That house would have:
    • A library / gaming room.  The reason we’d combine the library and gaming room is because if I gave my husband his own gaming room, I’d never see him!  So he can game in my library.  Of course, that library would be stocked with books from my dream library book list.  😛
    • A large kitchen, as my husband loves to cook.  He was a baker for ten years, and his father and brother were chefs, so cooking is important in our family!
    • The kitchen would flow into the dining/entertaining area in such a way that the person cooking the meal could interact with the guests.  This is crucial.  And then the indoor entertaining area would flow seamlessly (I’d want those retracting doors) into the outdoor entertaining area.
    • A swimming pool and a spa.  And those super cool glow-in-the-dark pavers so that the area glowed lightly at night.  So cool.
    • A cellar.  Because we love to collect alcohol.  Yes, we love to collect it even more than we love to drink it.  At last count (which was two years ago), we had 17 bottles of whisky, 5 bottles of vodka and 11 bottles of port or fortified wine.  And I know for a fact that we have more now.  And back then we had hardly any wine, and currently we have about 40 bottles of wine.  So yes, a cellar is a must!  We’ve already decided that if we win we’re going back to Finer Wines in Katikati, NZ, and to the Carnegie Whisky Cellars in Dornoch, Scotland to stock up.  And we’d be buying a cask from the Cardrona Distillery here in New Zealand too.  How cool would that be?  Your own cask?  They store it for you until it’s ready to drink.  I’d also be getting a delivery subscription for the Obsidian Winery and a delivery subscription for Stonyridge’s Luna Negra wines.
    • Five bedrooms.  I would have been happy with three, but my husband insists we need five so that people can stay over after parties.  Ha ha!  And he wants them all to have en suites.  Good call.
    • A really good digital sound system that flows throughout the house.
    • Smart features, so you can control the lights, music, etc., from your phone.
    • Cat flaps in the doors.  We actually own a cat flap, one of those fancy ones that works on the microchip, but we can’t install it in our current house due to the double-glazing (we’d have to replace all the glass in the door which is prohibitively expensive).
    • A twelve car garage.  I know, a twelve car garage seems like crazy overkill, but my husband insists that he’d need that many spaces for all the cars he’d buy!  I’d like a Tesla, I think, but he wants a whole bunch, starting with a Porsche.
      • A Porsche 911 GT3 RS
      • A Nissan Skyline R32 GTR
      • A ute.  Maybe a Dodge RAM or similar, he says.
      • A 1995 Porsche 991 Turbo (964) like the one in Bad Boys.
      • A 1982 customised Pontiac Trans Am like K.I.T.T. from Knight Rider.
      • A 1967 Shelby Mustang GT500 like Eleanor from Gone In 60 Seconds.
      • A Delorean DMC-12 like the time machine from Back To The Future.
      • A 1978 Pontiac Firebird Trans Am like the one from Smokey and the Bandit.
      • A new Dodge Challenger Hellcat.
  • More clothes, especially more t-shirts, knickers that have decent levels of elastic, and good-fitting bras.  Ha ha!  Yes, I know.  It says something about your life when you dream of owning decent underwear!  The kids and hubby also need more clothes.  And we probably all need shoes.  I think we each have one decent pair, but more than one pair would be a good thing.
  • I really really don’t want to go back to the dentist, but it’s kind of a necessary evil, so yeah, that.
  • We’d probably keep our current house as a rental/investment property, and possibly even set it up for my daughter to live in it with flatmates once she’s of an age, but it needs a little bit of work:
    • It needs shelves installed in the linen cupboard.  I have no idea why someone wouldn’t put shelves in a linen cupboard, but that’s how it was when we bought it.  We’ve put plastic bins in there, but they’re a pain in the ass.
    • The kitchen cupboards and drawers need replacing.  The fronts of the drawers have literally fallen off in some cases.  Ugh.
    • Needs connecting to main gas.  It’s currently on bottled gas even though there is mains gas to the driveway.  Again, why?
    • The upstairs toilet and bath need fixing.
  • I’d buy myself a new camera, maybe something like a Canon 80D.  And I’d get myself a super telephoto lens (maybe up to 400mm) and a really good macro lens.
  • My son needs glasses.  He broke his last pair, and didn’t bother to tell us for aaaaages, so we weren’t able to claim them on insurance, and he’s been without for a long time.  Oh, and he needs hearing aids as well.
  • New computers for the kids.  Our son doesn’t have one, and our daughter is on a tiny little one that she bought with her own money.
  • New phones for myself and my son.  My son doesn’t have one.  My daughter does, and it’s one she bought with her own money.  She’s much better with her money than he is!
  • A decent microwave oven.
  • A four slice toaster, just because.  We have a two slice toaster, and of course we make do, but I’d like a four slice toaster.
  • A stick blender.  We never did replace our last one.
  • Ancestry DNA tests for my dad, my sisters, my husband, my father-in-laws, my aunt and both my kids.  My mum, my mother-in-law and I have already done them.
  • New headphones for my daughter.
  • A camera for our goddaughter.  She wants to be a photographer, but hasn’t even got a point-and-shoot at this stage.
  • Baking equipment for our godson.  He wants to be a baker, so it’d be cool to get him a really good benchtop mixer, etc.
  • A new lounge suite with reclining armchairs.  Ours needs replacing.
  • I’d get my grandfather’s war medals framed, and same for my husband’s great-grandfather’s medals.  Currently they’re sitting in a bag in our bedroom.
  • Five years’ worth of Premium Writing.com memberships for a bunch of my Writing.com friends, and a million Writing.com gift points each as well.  I’d give these anonymously.
  • A family trip to the Australia’s Gold Coast to go to all the theme parks.
  • A trip for my husband and I to New Zealand’s South Island.  We’d take our time and see all the sights.  Would almost certainly include Stewart Island, but possibly further afield too, like maybe the Chathams.
  • A fishing trip to Nuie for my husband and I.
  • Flights to New Zealand for my sister’s family so she can come and visit.
  • Flights to New Zealand for my aunts so they can come and visit.
  • Flights to New Zealand for my friend Beth and her family.  We’d take her around New Zealand and spoil her rotten.
  • Trips to Australia, Scotland, Wales, Ireland, France, Austria, Canada, USA and Antarctica.

What would you do if you won a crazy amount of money on the lottery?  Would you be sensible (and engage a financial adviser before going crazy!) or just go nuts and splurge?

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