You're a Winner! Part I

So this week more than a few of you began fantasizing about winning millions upon millions of dollars. At least two lucky people, one a retiree in Washington and another in Idaho, had that dream become reality.

But let's think this through a little for a fun exercise. Let's imagine it was you who won the big score. What would you do with it. Seriously, make a list of what you'd do with that kind of money. Then, prioritize that list by what order you'd use the cash.

Now I'm going to assume you've lined up the attorney, financial planner, accountant, etc.. and the other professionals you'll need to manage such a huge win. Let's get to the fun part of the spending (or saving).

For example my list might begin:
1. Payoff all debt
2. Put money in a retirement fund or investments (long-term)
3. Identify some fun money to do something nice for myself and my family (a nice vacation for instance)
4. Give money to charity and the church for charitable giving
5. Help a friend out
6. Develop a scholarship fund
....

Make an exhaustive list. Spend about fifteen minutes on this and then check back for Part II in the coming days. The fun continues.