Tag Archives: lottery

Would You Let Someone Buy You a House?

With all the lottery excitement from the Powerball jackpot reaching a whopping $500 million, it’s been a popular topic for a lot of people. Some are thinking about what they’d do with the money, but the odds are that you aren’t going to win.

However, it’s a lot more likely that someone you know will win. The odds aren’t great, but let’s say you have 500 friends on Facebook? Then the odds are about 500 times more in your favor that you’ll know someone who wins the lottery.

And if you do, do you think you’ll get a piece of that? If it’s merely an acquaintance, definitely not. If it’s a friend, you probably won’t see any cash, but you’ll benefit from some awesome parties and fringe benefits.

If it’s a family member? Jackpot, right? While you aren’t getting hundreds of millions of dollars, you can expect more than just some extra spending much.

But how much would you accept? Would you let someone buy you a house? Pay off all your debt? Put your kids through school?

I recently had this discussion with my brother-in-law, and he said that if I won the lottery, he’d be ok with accepting a down payment on a house, but not the whole thing. Even though I would accept the full price of a house, he said he wouldn’t want to take my manhood away, explaining that he still wants me to feel like I can support my family.

What I had to explain to him is that giving me a house shouldn’t make him feel like he’s taking anything away. Rather, he should only think of it as giving me something!

I definitely would be ok with letting someone pay off my debt. That just makes my life easier without making me feel entitled or not having to work anymore.

And I would absolutely be ok with someone putting my kids through school, education is one of the best gives you can give because it’s not something tangible and it provides the information necessary to be self-sustainable in the future.

Readers, are there limits to how much you would accept as a gift if someone you knew won the lottery?

Why I Already Won The Lottery

With all the excitement going on over the lottery over the last week, I succumbed to the pressure and bought a ticket. And…I did not win. But, I feel pretty lucky anyway. Simply put, there’s not much to complain about, so here’s why I think I’ve already won a lottery of sorts:

I don’t talk too much about my personal life on the blog, but I have shared some of the most important life events that have occurred in recent memory. I proposed to my future wife 11 months ago and will be getting married just 3 months from now.

I also recently moved into a 2-story 2 bedroom, 2 1/2 bathroom apartment in the past month, which is perfect, even though I had a pretty sweet situation at my future in-laws.

If that wasn’t enough, I also have a job with a ton of perks. In addition to half-day Fridays, we go on company sponsored field trips. Not to make you all jealous, but I’m going to the Lakers game on Tuesday.

To top it all off, I’ve also got a successful side business that sort of fell in my lap. I started a blog for fun, but after about 8 months I realized that I could make some money from it. It’s spiraled into something far bigger, enough to make opening an individual 401(k) worth it.

Sure, I didn’t win the $640 jackpot, and yes there are tons of things I’d buy if I were rich. But I have been blessed with a lot. And I think I’m in a good position to keep building on what I have so that one day I will be wealthy. And maybe since I have to work for it, I’ll use it more wisely than some of instant millionaires who often blow through the money quickly.

Readers, how have you already won the lottery?