What would you do if you won $200,000 in the lottery? AFTER TAXES?

"Nice mobile home" and "$10k - $15k" are mutually exclusive, even in McDonald County, MO.

I'd invest it. My mortgage rate is too low to retire it at today's rates of return.

First off, you don't have $200,000 to play with. Depending upon your other income and your state's income tax rates, you have between $100k and maybe $150k tops.

Secondly, most folks who hit a big lotto win wind up bankrupt in a few years! Why? Because they do exactly what you are doing -- they BLOW it.

Paying off YOUR current debt makes sense if you can't invest the money for more return than the interest rate you are paying on the debt. Most non-mortgage debt would fall into that category so it would make sense to pay off the car and student loans.

Beyond that, you have to focus on YOURSELF. While that might sound selfish, it's not. Putting $10k into a dump of a trailer while spending several times that much on family's debts is insane. If a family member is about to be foreclosed upon and tossed into the street it would be one thing to come in with enough to forestall the inevitable ONLY if there was a solid chance that they would recover and become solvent. If not, it would make more sense to prepay 6 months of rent for them and help them to move. Throwing good money after bad will NEVER do anyone any good at all.

It would appear that your biggest motivator is thumbing your nose at your alcoholic ex. Screw him. You owe him nothing and the brief satisfaction that you'll get from splurging won't carry you far and the karma will probably bite you back sooner or later anyway.

$200k would be a nice nest egg against future uncertainty and if you manage it properly it can do that. But if you blow it all, all you're going to have is a bunch of receipts (and Gift Tax returns) that won't do you any good at all.

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$7k-9k in furniture is kind of a lot. Second, you cant base friendships off of money. If you had $200k, you would suddenly have lots of friends. If you don't waste your money on furniture and vacations then you could live in something better than a mobile home or save up for your daughters college. Third, animals are more important than children so don't spend a lot on animals. I do think certain animal organizations should have funding but not as much as homeless people or orphans, etc.

Don't worry about the tax part - you didn't really win anything. This is a common scam. Microsoft doesn't run a program like this. Don't respond to the letter or email. Most people with email addresses have gotten some version of this "winner" letter.

I would totally invest it in stocks or something like that.Because,well,after taxes you arent left with much.Plus,you wouldnt have enough to do all that.Invest some of it and deal with necessities with the rest.(paying stuff of for your sister is not a nesessity)The donating part is a good idea too.

the very first thing i would do is pay my tithing, since if i were lucky enough wo win that mutch it would be from the lords help, so there for its the lords money also. so 10% of that would go the church. then i would use 10,000 of it to pay for a mission. probably take an extra 5k to give to the poor. then the rest would go to the bank :D

why would you spend 10-15,000 on a trailer and give away 20,000 to your friends? And that trailer could blow away before your return from your 10,000 vacation. No wonder you have no place to live.

200,000 is not alot of money.

I would pay off my car, my husbands truck, and our new house ! Live a debt free existence for a while!! The rest would go to the bank to collect interest :)

Considering I was lucky enough to win this lottery.. I would by 100000 more 2 dollar lottery tickets.

And then.. with the millions that I will then have, I will purchase companies and run the world.

Happy? :P

I would pay off the various debts, INVEST, INVEST and INVEST some more so that I can be sure that the money grows and work hard for me. hehehehe, I guess thats the business woman within me thats speaking...