Lottery winner! - Phil's Rambling Rants
|Date:||March 9th, 2007 02:43 am (UTC)|| |
My plan has always been to take the lump sum disbursement of the pay out. I figure that I'd rather have the money earning interest for ME rather than letting they keep it. I dont think Im going to survive 26 more years so that goes into my plan as well.
I have no interest in letting anyone pressure me / beg me into making donations to any group for any reason. It isnt a selfish issue, its more than I really don't want to be bothered with it. I already despise the idea of someone gaining dozens of new friends when they become famous.
As to using the money? Its fairly simple. I have a list of friends and acquaintences who would immediately become debt free. With an amount of money that size, I see no reason why any of my friends need to be in debt. It would be a single one time fix. I waver back and forth on making it a no interest loan or making it a gift. Not sure which would be best in
the grand scheme of things.
Then I would build the compound.