|Posted: March 13, 2010, 2:48 am - IP Logged|
Winning 30 to 40 million dollars after tax and everything might be excessive unless if you are a responsible person. And it's a bit unlikely.
Now the jackpot amount for CA Super Lotto Plus is 21 mil. That means 9 mil after tax. (yep, I want the cash value) I have parents and two married younger sisters. I hope 9 mil is enough to share with my family. And actually, it is.
I just need the half of the winning to buy some properties around 300K or less. Yeah, I wanna be a landlord. I am aware of the all the headaches, but it can't be worse than what I am going through right now. If I am lucky enough I will have some decent tenants who won't set the house on fire or build a meth lab in the garage. (or both. It happens.) My sisters get 10% per person. And my parents get 30%. We will be all buying some properties and set up a small management business to handle a couple dozen properties. An American Dream indeed.
What about my own house? I don't need one for now. I can save up the incomes to buy a house later in my life. I'd be really happy with an upscale apartment (with the rent of $2K) in Pasadena, CA or near Little Tokyo. Well, I love Old Pasadena area. Whenever I drive by that area I feel at home. There's a nearby art supply store and whole lot of places to eat and shop. I try not to be too materialistic but spending a couple hundreds bucks per day after a big jackpot won't be that excessive. No Bentley, no Bugatti, No Ferrari. I will just maintain my 2008 Camry and replace all the worn-out parts. I don't even need a Lexus.
I'd pay off my college loan and credit card bills. Who wants to live with debts? But that's how America works. It's a financial slavery and unfortunately that's how American economy works. In my home country, the interest rates for savings accounts used to be really high, and people were big on saving in the bank. Bear in mind that Warren Buffet criticized the current financial system for not encouraging Americans to save in the bank. Sadly, cash must flow.
And I want to help disabled vets. No, not the homeless ones. They are just beyond help. I want to help those Iraq veterans who lost their limbs or got into PTSD. I can send toys and educational aids for their children. And I would donate to local food banks. Nothing more, nothing less.
Then I can afford to take some art classes in local studios. I hope the jackpot winning will boost my self-esteem and motivation. See, the biggest reason for me to win a decent jackpot is to regain motivation and mend the damaged self-esteem.
I don't need the magnitude of wealth that Jack Whittaker won, unless I know exactly how to use and invest the money. Well, but I won't mind winning $300 millions after working at a video game studio for a few years. I want my own shop. :)