3 August 2018
I think just about every country has at least one lottery competition.
South Africa as well. And South Africa has a Lotto and a PowerBall competition. I don’t really play PowerBall. I like SportStake (a competition where a person can bet as little as R2 on 13 soccer match results; and I like to follow soccer).
Today the possible PowerBall pay-out is apparently a guaranteed R140million. So I bought myself two tickets. For R10 each. I’m not saying I am going to win anything.
I thought I will ask the question anyway… What would you do with R140million? What would I do with R140million?
I have heard that it is clever to not say anything about winning (or getting) a large amount of money at once.
I will do my best to stay silent about winning the money.
I have, however thought about sharing money like that with some people before. I will for sure give the first R40million to my nearest family members and some of my other near family members and friends. I will, of course, make them promise not to say where they got the money. At least for six months.
I will find a place to deposit the money somewhere where I can get a good interest rate. I am guessing a good interest rate is about 5% per year (it could be more; hopefully not less). At 5% per year, you could get about R215000 per month (if taxes are to be deducted).
If that is true, I could travel the world, work almost anywhere for no salary, and share a lot of money with many people.
I have never really dreamed of living in a R10million mansion. But I might buy that FerrariF40 I always dreamed about. A nice little R2million house won’t be too bad.
I also have a small business. At the moments it is more like a registered hobby. I would like to use that money to help build the business. I also have this dream to build this business into something that can help to other people jobs.
I would also like to use some of the money to travel a little. Firstly, I would like to travel in South Africa. I would also like to travel around the world. I always wanted to see places like New York City, Scotland, Ireland, Barcelona and Egypt. In South Africa, I have seen Table Mountain, but I won’t mind to actually stand on Table Mountain one day. And I would like to travel through Namakwaland when it is the flower season, as well as to go somewhere during snow-season, while it is snowing.
That is about as far as I can think to spend R140million.
If I do not win PowerBall tonight, and you were the winner, what would you do with that money? How will you spend of save it?
3 August 2018