Honest question for the entrepreneurial (merely for personal use!) What would you do if you won the lottery, but:
- With $1 million
- With $2 million
- With $5 million
- With $10 million
- With $20 million
What would you purchase, invest in, create (eg. businesses, etc.) etc.?
What would be your financial goal, how much is “enough?”
Where would be your base, would you move; why?
What if you were a good person, ethical, not predatory or selfish, and wanted to do good?
What if you were religious, and wanted to give back, or start an initiative?
What if you were a woman, would it have any bearing on what you would/could do, or its ease?
How would you put this windfall to its best use, for both you and others, to maximize it, in perpetuity?
You don’t have to answer all the questions, it’s moreso testing business savvy, financial literacy, trends, and a balanced life; and generating interesting discussions.
Thank you for your contributions. 🙏🏻
How much tax is taken out from the lottery win?
I was interested in the answer to this question:
https://www.amoneythinghappened.com/post/is-the-lottery-tax-free
apparently it’s not taxable, but the interest is.