Winning the lottery

May 29th, 2010

What would you do if you won the lottery?  I have been thinking about this recently, ever since I heard about the UK euro millions winner the received £56m. Just imagine what you could do with that, for one thing I don’t think my work would ever see me again once I have the money in my account.

I can imagine I would not do much for the first month or two just do fun things that I want to do, I would love to own a quad bike and a big field and maybe a couple of paint ball guns.  I also think with that amount I would fly me and my wife to different cities around the world to go on shopping trips.  I have always fancied going to New York, Florida, and Washington so that would be high up on my priorities.

After the initial extravagance I would like to put the money into something productive that I could pass to my children.  Having done up my own house from a complete wreck, I would like to carrying on with other properties, buying cheap wrecks and doing them up to rent out.  I would like my own property empire.  I would do as much work as possible which would mean going back to college to learn new skills like plastering, plumbing and brick laying.  I could also expand outside the UK investing in companies that buy properties abroad for you to rent out.  I like this idea because as well as making you money you could go there cheaper.  Unless the UK property market improves dramatically, more money can be made by investing in property overseas like in Philippines real estate.  I have looked into it and it the Philippines looks like a fantastic place to visit.

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