Preview

What Would You Do If You Won the Lottery

Good Essays
Open Document
Open Document
495 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Would You Do If You Won the Lottery
What would you do if you won $500,000?

If you won $500,000 in the lottery, what would you spend it on? There are a lot of different ways that people would choose to spend this money. Some people would choose to spend it on themselves, others would choose to give it all away to charity. The way I would spend it would be a mixture of the two. (67) First, I would take $250,000 and put it in the bank. If it is in the bank for a while, it will draw around four to five thousand dollars in interest a year. So after about ten years, it will grow to around $300,000. That way, I will never have to worry about not having money or struggling from paycheck to paycheck. (72) After I put half of it in the bank, I would give $50,000 to a charity. I believe that if I was given the opportunity to have a big sum of money given to me, I would love to give some of that away to people that truly need it. There are millions of needy people that have no money, no house to live in, and no food to eat. By giving them some extra money, they will be able to afford the things that other people take for granted. It would make me feel like a better person if I gave my money away to people that truly need some help. (112) I would take $100,000 and give it to my parents. They deserve the money since they always provided me with things I wanted, even if that meant they had to go without. If I gave them that money, they would not have to worry about struggling to pay bills or not having money to buy food. My parents are very generous people. When I would have friends over, my mom would give her food away so that my friends can have something to eat. She was always giving and never asked for anything in return. (95) With the remaining $100,000, I would go crazy with it. I would go buy a new car, buy some stock in a big company, and just buy whatever I feel like buying. After all, I did win the money and its my money to spend how I want to spend it. I should be able to

You May Also Find These Documents Helpful

  • Good Essays

    costa rica

    • 774 Words
    • 4 Pages

    chance for a new beginning and to use the money to help the world. They purchased 5,000 acres…

    • 774 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    stocks, bonds, and/or cash equivalents. You have $5,000 to invest. For any stocks you purchase, you will choose the number of…

    • 613 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    DBQ

    • 697 Words
    • 2 Pages

    will you put your million dollars? is the task at hand in which to use the million dollars to the…

    • 697 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Waking Ned Devine

    • 775 Words
    • 2 Pages

    The amount of winnings matters to Annie because when she finds out how much money it actually is she realizes how…

    • 775 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Time Value of Money

    • 339 Words
    • 2 Pages

    |How would you use the time value of money to |I would try to make a bigger payment, so I can pay off it off faster. Of course there is the actual payment |…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    -I would contribute: iPhone, Fashion Magazine, Coca Cola with My Name on it, local Newspaper, Gallon of Gas, Pair of Jordan’s and a TV with pre-downloaded 90’s cartoons.…

    • 361 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Finance Assignment 1

    • 3185 Words
    • 34 Pages

    1) How much money will be in the bank account if you leave the $300,000 alone until you need it in five years?…

    • 3185 Words
    • 34 Pages
    Powerful Essays
  • Satisfactory Essays

    An old man, preparing to die is about to give away all his money. If you had a year or more to live, what would you do with all your wealth? Nowadays one of the wealthiest billionaires in United States, David Rockefeller is agreeing to give almost all of his money. More than 100 hundred million dollars is going to the University of Chicago, The Rockefeller University, the Museum of Modern Art, churches and people in poverty. Helping to fix one of the most worries issues in the world, the needed people, which is a valuable cost. Most of that money comes from the family inheritance, his father John Davison Rockefeller and from the…

    • 571 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    There are a lot of lottery success stories, many families that have won the lottery and been able to handle it. People that were able to open their own business with their lotto money and that have done very well. Then there are the people who were wise enough to not let their big win change the way they live their lives. I read about one women who gave money to her children, then she paid off her mortgage, put money to the side to cover all her monthly bills and put the rest of the money in savings. She continued to work every day as if nothing…

    • 1081 Words
    • 5 Pages
    Good Essays
  • Good Essays

    I would spend $6,000,000 on helping create laws for child labor because the working conditions are too dangerous for children, the jobs are too difficult for kids, and they aren't getting the proper education. The working conditions make the job extremely…

    • 686 Words
    • 3 Pages
    Good Essays
  • Good Essays

    What would I do if I won a million dollars? For example, from the lottery maybe? Yes, the chances of winning are just as likely as being abducted by aliens but if I did, I this were to happen, what would I do with the cash? Winning the lottery is a favorite daydream for a lot of us.…

    • 534 Words
    • 3 Pages
    Good Essays
  • Good Essays

    If I won a million dollars the first thing I’d do was put enough away for my education. Education is important because a million dollars is bound to run out. I’d also give my parents the majority of it because of all they have done for me. I believe I’d also try investing in stocks. It seems like a good idea to gain more money, but you have to choose the right business to invest in.…

    • 267 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    If I Won the Lottery

    • 365 Words
    • 2 Pages

    If I won the lottery this would be the best feeling ever but it may also be very challenging as well. Winning the lottery would change everything completely. It would change the way I look, walk, and even talk. If I won the lottery the challenges that I know I would face are my friends becoming my enemies, I wouldn’t be able to receive no benefits or help from the state, and materialistic things that I would not need in my life.…

    • 365 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Factors of Production

    • 578 Words
    • 3 Pages

    With the 100000 dollars I would invest to make more money. I would take 85 percent of the amount and invest it in an apartment complex or building. To me this is smart rental units are in high demands near a college campus or in an inner city. If the price is right my mortgage after buying apartment units would be low so my expense would not be that much and it would create a good steady income for me so I could make my investment back into my hands.…

    • 578 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    If You Were a Millionaire

    • 700 Words
    • 3 Pages

    It is true that miracles do occur in man's life. If I become a million¬aire by the blessings of Almighty, my dreams will become true.…

    • 700 Words
    • 3 Pages
    Good Essays