Friday, February 3, 2017

Day 2668 - Let's imagine that we've won the lotto.

If you won the lotto, would you tell people?

As an extended family we recently bought a syndicate ticket in the Lotto.  We won enough money each week to buy again the following week until the money petered out.

We walked away in the same socio-economic class in which we started.

I've always said that if ever I won the Lotto, I wouldn't tell anyone.  Not because I'd selfishly want to squander the money without sharing, but because I feel the perception of others would change.

It's easy to say that suddenly becoming incredibly rich won't change us personally.  That we'll still be the same person inside. That we'd give a bunch of it to charity and keep the rest for our future with little impact on our current status. But surely financial freedom for even the most humble and grounded person, would bring with it a whole new method of operation that could well change the way we are treated?  

Even if we decide we're not going to splash the money around on McMansions, sports cars and first class around the world trips, there are everyday challenges that would disappear. 

Not having to apply for a car loan, no more negotiating interest rates on the home loan, no waiting for weeks months for elective surgery, no searching through the trays of porterhouse steak to find the one that's on sale, no decisions about whether to replace the carpet this year or get the house painted instead, no waiting in the cattle class queue at the airport as business class breeze by in the priority line.

There would be changes, no matter how subtle, that people in the community would see and their expectations of us would change.  

Their expectations of us would change ...

It's for that reason I'd want to keep my Lotto win a secret.  Because I wouldn't want to be treated any differently by my friends and family.  

Having people watch what gifts I buy, how much I contribute to the restaurant bill, how much money I give the homeless guy on the corner, whether or not I pay for my cousin's, boyfriend's, sister's surgery.  

It's one thing to say it wouldn't change us.  But it could well change the people around us.  

If you won the Lotto would you tell people?

What changes would you make to your life if you had a windfall?

Do you think the expectations of others would change?

Is it actually possible to keep a financial windfall a secret? 

PS This post is not code for "we won the lotto" - although it's not for the lack of trying. 

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  1. I'm with you- I'd keep it hush hush!

  2. I agree! I would try to keep it a secret! It would be so exciting however it would be such a hard secret to keep!

  3. I like the idea of keeping it secret, but I think that's one secret that's just too hard to keep. I think it's inevitable that others would notice changes (no matter how subtle) and that in turn their perceptions of us would change. I think that much money brings a whole lot of (financial) relief but a whole new set of problems! That said, I'm not adverse to scooping the jackpot!

  4. I agree we are not likely to tell people.

    If I had a windfall, I'd give a lot to my favourite charities and gofund me projects.

    I don't think the expectations of others would change for most part except for those who want a slice.

    Yes, is it actually possible to keep a financial windfall a secret or I would tell a few white lies about the actual amount.

  5. Hmmm, good point! I'm not sure I'd have the mental ability to keep it quiet, I'd be too excited! But then I'd feel guilty if others close to me couldn't share in the windfall so I'd probably end up giving a bunch of it away... which could potentially cause falling outs if I forgot someone or if it was perceived to not be enough... Oh, winning the lottery sounds stressful! Good thing I don't buy lottery tickets these days ;-)

  6. I think I'd have to say we had a win but not disclose the amount. If you start upgrading houses, cars and other big ticket items, it's going to be hard to pass off unless you pretend you've started a lucrative career in drug dealing. Agree, I think there would be too much expectation that you become the one to hit up for cash and that would be uncomfortable but I think setting expectations or at least feigning "it's all tied up in investments" might be a way to go! My plan would always be to give each family member a generous cash gift to do what they like with (and for the nieces and nephews, to be held in trust until they come of age) on the understanding that once that goes, that's it. We are pretty sensible spenders - it would be interesting to see if that changed once you don't have to worry about price tags.

  7. I play set for life each week with one of my close friends, so I'd have to tell him - I wouldn't tell anyone else. What would I do? Travel more. Publish more. Renovate a beach shack. That would about do it, I reckon.

  8. I would tell people but only becuase of the parties we'd have - I spent yesterday telling people as we sailed past The Island - 'that's were I'd have my lotto party' and then past that gazillion dollar boat that you hire out (forgotten what it's called - at the moment it's not necessary to remember) 'oh, that would be lotto party number 2'. We'd just pay off the house, not get more. And we'd splash the rest of it around with fun with friends...

  9. I agree I wouldn't tell anyone Leanne but would quietly ensure that our children are looked after and contribute to charity. I'm not sure it is possible not to change but I would love to think that we would be the same people but with less financial stress. Of course, it won't happen to me because I rarely by lotto tickets LOL:) Have a great day! Sue from Sizzling Towards 60 & Beyond.

  10. I agree that it would change those around you and how they treated you. I'd give some to friends and family but the idea of being financially secure (ALMOST come what may) would feel delightful!

  11. I have always been brought up with the attitude that you never ever talk about money. You never tell how much or how little you may have, never ask people what they earn etc. That was always my parents attitude that they passed onto me. When I was a kid in the late 70s my dad had a serious car accident. He survived (luckily) and eventually my parents got some compensation money. It was enough for them to pay off their mortgage and go overseas but not retire and live in luxury. Anyway, some relatives and friends reactions were unbelievable. One of my aunts didn't visit for months... So you're right. People's attitudes change. So the short answer out of that long waffle is NO, I wouldn't tell!

  12. Nah, I wouldn't tell anyone with the exception that if we won big we would help out a couple of family members who could do with a boost, but we wouldn't reveal the total winnings. We would certainly pay off some debts, travel more and most likely give some to our favourite charity. It's fun to dream isn't it?

  13. It's a really good question. I think like you and the commenters, I would want to help people out and not make a big deal of it. I do find it hard to keep as secret though. I was also raised in an era when money wasn't talked about and maybe that is why I have found it a challenge to be diligent about money. Thanks for linking up #lifethisweek 6/52. Next week: LOVE

  14. My parents spent their lives buying lotto every week hoping for a win. All that stuff about having a bigger chance of being struck by lightening dissuaded me from ever buying tickets to be honest. So it's safe to say that I'll never have to answer that question.

  15. My husband and I have spoken about this and we also wouldn't tell anyone if we won lotto. Thanks for linking up for the Ultimate Rabbit Hole xox


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