On Friday, everyone was buzzing about the pending Mega Millions drawing. Jay and I did not play, but it’s still interesting to think about what you would do with the money if you did win. A lot of people say that they would never work again. Me? Here are seven things I would do if I won, even just part of of, $650 million.
1. Pay off debts. From cars to credit cards, to the house we just bought, the first thing I would do is pay off all of our debts. Paying off my credit cards, though they were small balances, was one of the best feelings. I can’t imagine what it would feel like to be completely debt free.
2. Pay back my education. I was lucky enough to have a father who paid for my college education. I am so grateful for that because it has allowed me the amazing career I have today, without the stress of paying back student loans. Jay and I wouldn’t be in the position we are now if I did have that kind of debt.
3. Build an amazing studio. We’re going to start building a really cool space in our new house, starting in May, but I imagine the kind of place we could buy and build out if we hit it big. We may not need to work anymore after winning the lottery, but Jay can’t stand having a day off. I can’t begin to imagine the kind of projects he could produce in a stae-of-the-art, no expense spared, recording studio.
4. Create college funds. Going back to number two on the list, I’d start two college funds for my future kids. Although I hope the educational system is reformed by the time I have 18-year-olds, I certainly won’t hold my breath.
5. Build an IRA. I mean, c’mon, saving is still a smart thing to do.
6. See the world. Now, Jay has been to many different corners of the world, but when touring, you don’t get to really see the corners you’d like to. We’d head off to the UK, Australia and Europe. Plus all the best island destinations. And Disney World. I am a sucker for Disney World.
7. Give to charities. I would love to give a substantial donation to organizations researching MS and fibromyalgia, as well as organizations that work with children.
Even listing all of these things, I know we wouldn’t even begin to make a real dent in that kind of money. Of course I think about things like buying pieces of property all over the world, sending Jay back to school for whatever he wants to learn, and taking a lot of random classes myself. I suppose the list could go on forever — or until the money runs out.
What would you have done if you had won the Mega Millions?