I often fantasize about winning the lottery, especially with the recent high dollar jackpot. In fact, that is the only argument I have for playing: $1 for a little big-money dreaming is worth it. Of course, I usually forget to buy a ticket and so I’ve been dreaming for free lately.
Last night, I went on another fantasy binge of thinking about what I would do with all that cash. From the outset, I’ve already admitted that money would change things. For all those people who insist it won’t change anything, no, it’s going to make a difference. The first consideration I have is dealing with family and money. Even in my fantasy world, I’m already feeling too stingy.
It isn’t that I wouldn’t want to help my family out, because I’d do anything and everything I could for my mom and grandma. But, for all the other family that I never see, I wouldn’t be feeling as generous as I’d be expected to be. And then there is the partner’s family, what are the implications going to be for them too? Paying off mortgages and establishing college funds for all the kids seems like possibility, but where would the line be drawn and should the line be drawn? Here in fantasy land, I’ve not even bought anything with my new imaginary money and I’m already stressing about the situations it’ll cause.
Next come charity contributions, because I surely wouldn’t just throw a “mine, mine, mine” fit, or would I. Several years ago, I said that if I ever won the lottery, I would buy a building for the preschool/child care center that my daughter attended. They rent two locations and had to close one center when their landlord decided it was time to go. Since I feel that their operation is an amazing one, I’d love to support them in some way (maybe they won’t want their own building). Funny thing is that I fell behind on payments with this organization, was forced to stop taking my daughter there, and eventually sued for the tuition owed — yet I would still do this for them.
Not knowing how I’d really handle the charitable giving, I move on to what I’ll actually buy. First up is a house and not some McMansion towering over the neighbors. In fact, I’d opt out of having neighbors and get lots and lots of land. Older farm houses built around 1900 seem to be my style of choice and I’d certainly want to make that dream come true. But, then comes the updating needed and also outfitting the house. For any renovations, I’d have a mental challenge of maintaining historic integrity and updating with all green materials. For home furnishings, would be acceptable to get rid of everything we have (all used, hand-me downs) and replace it or should I hold on to what I have? I’d want to switch to greener items in the household, be able to buy all organic cotton sheets and furnishings that suit my values. Last night, a new idea came to mind: fully outfitting our house with solar, wind, and hydro power. The cost of solar panels wouldn’t be out of reach anymore and we could get enough to cover our needs.
Then clothing. Part of me would want a major shopping spree — but is that just contributing to mass consumerism and hurting the environment more than helping it? What about shopping in 100% independent, perhaps locally owned shops for my clothing and then donating what I own (not much)?
Going beyond material processions, how will the money change my interests and social interactions? Will I suddenly feel like it’s my responsibility to fund things I could pay for before? Will my volunteer activities take on a new light when I know, and everyone else knows, that I could solve any financial problem the organization has without a second thought? Will I still want to have all seven children, or will there be too many other things available to fill me time? If I have the kids I want, would hiring a nanny as a helping hand be contrary to the family values I have or just be an extra helping hand? Speaking of kids, how will the influx of money change the daughter’s life? She already faces some social challenges; will being the mega-rich kid amplify those problems or mask them?
Already, in fantasy world, the money is bringing up all sorts of questions I don’t feel like I can answer. Perhaps that is a sign that I shouldn’t even play the lottery if I don’t know what I do with the money. Other than the simple, pay off all bills, everything else opens up new territories that would need some serious soul searching to figure out how that spending will line up with my values. And I don’t know how possible and realistic that soul searching would be when you know you’ve got a pile of cash waiting for you to sort everything out.