Liz Pulliam Weston: Make your lottery dreams come true

The Basics

Pretend you've won the lottery

How would you spend your time and your money if you had all the cash you needed? Here's why indulging in this fantasy can make a difference in real life.

By Liz Pulliam Weston
MSN Money

Just for a moment, set aside your workaday frustrations and anxieties to dream a little. What if you suddenly had enough money that you never had to work again? What would you do or stop doing? How would your life change?

Take a few minutes and really think about this. Write some ideas on a piece of paper. Wallow, if you will, in the notion of a life where you can really do what you want.

Oh, yes, I can hear the curmudgeons grumping. No, you're not going to win the lottery, and no rich auntie is going to die and leave you a fortune. But this little exercise in fantasy has a real-life point, which I'll get to in a moment.

When I asked my Facebook fans to play along with the "What would you do if you won the lottery?" game, I got some wonderful responses:

"First I would have to pay for the therapy to find out why I would do something so financially irresponsible as play the lottery in the first place," declared Theresa Philby of Reading, Pa., adding an emoticon wink. "Then I would make sure we are debt free and set for retirement, take care of my mom and help the kids a bit and then give, give, give until it hurts."

"I would go back to school to study for something fun, that I never had money or time to do," said Maria Tsitrin of Detroit. "I would take several years off and spend more time with my kids, have a much-needed vacation, buy a nice, but not luxurious house and send kids to private school."

"Pay off my mortgage. Fix up the house a little. Work with someone to invest wisely. Keep my job, but hire another assistant to help with the stuff I don't enjoy as much and to help me accomplish more," wrote Darren Kipfer of Gaithersburg, Md. "Take my lovely wife on more special trips/mini vacations. Do a nicer family vacation in the summer. Give more to my preferred charities."

Then there was the bold know-thyself take of Scott Hartman of Waukesha, Wis.:

"I would like to think I would be responsible and use the money wisely, some travel, help my family and those in need," Hartman wrote. "But who am I kidding. I would most likely blow it all on booze and strippers and be broke in a year."

Why wait for a lottery ticket?

Actually, most of the responses had a lot in common. People overwhelmingly wanted to:

  • Pay off all their debts.

  • Help their families.

  • Donate more to charity.

  • Pursue their passions, including travel.

Now we come to the point of this little exercise. What you've actually just done is express your deepest, most-heartfelt goals. These are the things that are truly important to you, once all the static of bill paying and stuff buying and "why don't I have what she has?" is swept away.

Paying off debt. Helping your family. Donating more. Pursuing your passions.

So my challenge to you now is: Given that you're not going to win the lottery or inherit a fortune, what can you do, today, to start making your dreams come true?

Can you cut an expense to send more money to pay off your credit cards? Help a family member financially or emotionally? Boost your contributions to charity? Take a course, read a book or change a habit that might change your life?

Without a big pile of cash, you probably won't realize your dreams overnight, and they might not be on quite the grand scale you envisioned. But if you don't get started sometime, in some way, how will they ever be realized?

Continued: Dreaming is still free 

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112Comments
12/11/2010 3:14 PM
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While helping my Grandpa pick his cherry tree one year, I asked him his thoughts on "Keeping up with the Jones".  His response damn near made me fall out of the tree.  "Jones's?!?  I never liked them, why would I want to keep up with them?  Now get back to work, your Grandma wants to make a pie this afternoon!"  He didn't talk a lot, but when he did they were usually gems.  An entire economic philosophy summed up in 3 sentences.
11/19/2010 1:16 AM
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I get the point.   Maybe it gives people some hope.    For me, I can look at it differently that most.   It's a pari-mutual game with a HUGE take-out.  That means that one heck of a lot of other people have to lose--the ones that stand line with their last few dollars.  I don't want their money.
11/19/2010 1:05 AM
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Wake up at 6:30am run 5-10k, play a round of golf, lunch, practice range, play nine holes, practice range, dinner, go to bed and do it over again. 

11/19/2010 12:14 AM
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I would pay off all my debt -- all quarter mil or so. Then...I don't know....putter 'round the house I suppose. HA!
11/18/2010 11:16 PM
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Get my mom out of debt (from trying to provide for me) and make sure she lives the life she never had, and go to school debt free.

 

11/18/2010 11:08 PM
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I would of course buy a new home, car, and take a well deserved vacation.  After that, make sure my daughter is well provided for, help my siblings financially, keep enough in the bank to keep me comfortable for the rest of my years, then build homeless shelter communities that would not only provide housing, but also a "job" so that they really aren't living there "free", but earning it.  I would try to do what our government cannot seem to do
11/18/2010 10:50 PM
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I would build a house on my other lot and rent out the house I live in now.  I am getting ready to get two goats.  Where I live now, I only have room for between 3 and 5.  If I won a lottery, I would hire someone to put up a fence and build a barn for me at the other lot so that I could have more goats and some llamas and maybe a horse.  I would get chickens, geese, and maybe a pair of pea****s.  I would probably get some other livestock and poultry too.  I would also plant more fruit trees and nut trees. 

I would include solar panels and a wind generator on the new house and maybe even add them to the house I already have.  I would get a car that gets the best possible gas mileage

I would put most of the money aside for retirement.  I would save some for my grandchildren's education. 

If I didn't have to worry about money, I would spend more time volunteering.  The work you don't expect to get paid for is the most rewarding work.

11/18/2010 10:47 PM
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I would buy a house, but not for me. I would buy it for someone else who is in the service right now...and would make sure I paid the taxes so they could live their life in peace when they return.  The rest?  Save it. Donate. Try to help good people; definitely not bad people.
11/18/2010 10:26 PM
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Liz Pulliam Weston wrote in this article to change a habit that might change your life.

 

Is there a habit you've always wanted to change in order to make a change in order to change your life for the better?  If the theme of this article is to create a better life just as if you've won the lottery, what changes would you make?

 

I would love to be more confident in the decisions I make, which, hopefully, would lead to better opportunities.

11/18/2010 9:55 PM
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I totally agree with venturep. I think the question here is "what would I do if I win the lotery today?" Well, today with the economy, we are all in debt, most of us have lost our houses, and all we do is to work to pay off our bills month by month. With the money we make a month, we all have to know how to distribute well our money to acomplish our dreams little by little. It may take about 1 year to save my money if I want to travel overseas. I will take another 1-2 years to save my money just for a down payment to buy a house or/and a car. Or it will take me years to save the money if I want to buy my house in cash. Some of us can currently donate about $20/mo and some others can't even donate that money. If we have to save money so that our children can go to college, we have to start doing so even before they are born. But, if I won the lotery today, then all of my dreams will become true tomorrow! That's the difference. It's not that we are not trying to acomplish our dreams, it's just that it will take longer to do so than if I would've won the lotery today.
11/18/2010 9:30 PM
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 Strangely, my next door neighbors just won the lottery about 2 months ago $87,000,000. Smile I was and still is very happy for them. I must say that I miss them. They will not sell the house, but they did buy a new home. Some of the things you guys suggested is just what they did....ex. sent their kids to private school, charities, and they will fix up their old home next to me. Most importantly.........They shared with me.....LOL...nearly 10k dollars. Many people out of touch with how Americans and civilized people should live keep wondering why did they give me so much. Hmmm, I just looked at them and wondered...................................

 Finally, knowing that lightning may not strike in the same place twice, perhaps I should invest more eventhough, I continue to play. I mean you cannot win if you do not have a ticket and for me it is such a small investment to win a whole lot of money.If I were to ever win that amount, I think I would lay low for life without investing. It seems as if everything in America tend to fall under the roof and nowadays who can you trust? 

11/18/2010 9:30 PM
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Real talk Liz. You gotta start small in order to be able to accomplish big. Faithful with little, faithful and smarter with big. Love your advice. And a lot can be accomplished with the "little" we make now. You don't have to wait for that million dollar, which by the way nowadays vanishes faster than ever.
11/18/2010 8:18 PM
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Amazing, the entire point of winning the lottery is missed!  The point of winning is you don’t have to choose BETWEEN giving money to your relatives, paying down your bills, etc. etc.  Of course we all try to do these things in our lives, but we don’t have enough money.  Is this not incredibly obvious?  I get so tired of reading over and over by financial “experts” that we simply need to pay off our credit card debt, then look how happy we will be.  OF COURSE we want to do that.  But if we do that now we can’t eat, can’t help others, can’t even watch cable TV, much less pursue our dreams.  Life requires a financial balance, winning the lottery, to a great extent, changes that. 

11/18/2010 8:16 PM
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I'd buy 100 nukes and end everyones pain and misery. The universe will fair much better without us and we won't be missed one bit. Sleeping half-moon
11/18/2010 7:58 PM
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I would buy a nice car and a nice house and watch TV all day every day. I wouldn't give anything to charities because that means I would lose money. I would lock up my money in a secure account so nobody can steal it. I would keep it all to myself and not give any of it to friends or family.
11/18/2010 7:21 PM
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If I won the lottery I would pay Liz Pulliam Westson to not ever write an article like this again. How does she know if you will or will not win the lottery or inherit any money. I see it like this. As long as you don't go over board with playing the lottery. Don't spend money you don't have on it. Don't plan your future on it. Then play, the money goes to the state you play in, for schools and roads and guess what. You just may win. What is really wrong with having a dream. Hoping one day that maybe, just maybe you can have all the money you want. Maybe I will be able to take my wife on a shopping trip on Rodeo Drive in Beverly Hills. Or helping others who truly needs it. I saw on the news just the other day where the Salvation Army don't expect to collect as much money this year as they did in the past years. I thought If I won the lottery I would help them. What's wrong with having some kind of hope in your life that can make your life better. I've paid all my bills this month, I even put a little aside for my future. Now I am going to spend what maybe $10 on the lottery this month. Hell I blow that in beer in one night. I am going to play every month. Maybe I will win maybe I won't but somebody has to why NOT me.
11/18/2010 7:14 PM
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Simple I would give it to the boys that are 18 or young men that are dyeing for the country that I was born in, maybe buy them a better rifle, newer rifle that doesn't jam or have a twisted barrel that doesn't fire correctly or rusted out and cant be polished anymore, for christ sake give them boys the best we have, (Goverment)  would give it to the people who suffered for my country the great USA,

everyone once the newest and latest and finest thing out there, Laugh, after the economy went to the crapper I realized that you only need the basics in life shelter and Food, well

take your winnings and travel the world I got news for you you'll never see it all, but you might die trying, you care about your Children, try caring about the planet, it's Dyeing  people, your children or there grand children are going to have no earth to live on soon,

I'm no educated man in any means but I'm not blind everyone needs to change there habits, try buying some solar panels A house made of plastic, ride a bike to work, higher 500 people to clean up a oil Spill, you want to be remembered in your life have the Biggest clean up on earth, Plant a million trees. Feed the homeless Sure that's a good plan how bout Give Him a job, Recycle plastic, nothing like the rewarding factor of a days work for a days pay, and you got something for your money and so did he or she. 

 

11/18/2010 7:05 PM
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of course like majority of my pepole said before, pay off debt and take car of family. But one thing i would do is take a portion of my winnings and put it in the bank......living off the interest of  millions dollars  is fairly good. Yeah buy some stuff ie shoes, clothes, cars, shopping spree for my wife and kids, and one nice home............
11/18/2010 7:00 PM
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If I won the lottery, the first thing I would do is ask my dad how to manage my money. How to balance a checkbook, tax season, insurance, bills, monthly payments, loans, interest rates, etc. He's very good at saving money. The next thing I would do is give my parents money for the great job they have done parenting me. Then I would buy myself a 2011 Subaru Impreza WRX STI Limited. The car is $43,000, but that would be the only thing I splurge on. I would then go house hunting and buy my own place in Charlotte, NC (I live in Southern California). After buying a house, I would purchase my own Legends race car, and start racing at Charlotte Motor Speedway to start my lifelong dream; to become a NASCAR driver.Smile
11/18/2010 6:27 PM
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I am for sure going to pay my self completely out of debt, and help my family as well, donate to charity,start my own company, buy a new car & truck( mine are junkers)

  oddly enough I will probably keep working,I wouldn't know what to do with myself if I didn't, Oh and the scam artists and gold diggers need not bother I can smell a skunk a long way off. ( I have no doubt there would be a small army of those and the relatives I've never heard of) all trying to beat down my door.

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