Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - What would you do if you won $150,000 in a lottery?

#-3 · 11-16-2014, 03:33 PM

Well my current situation is not vary different from what you described,

Personally I will pay down a few minor debts, a car loan, some small remainders on student loans.....

I might raise my month payment on Mortgage to reduce the term, but I wouldn't make a huge lump sum payment, Interest rates are too go right now, dumping other debts would leave space in the budget to pay the mortgage down a little faster.

I would probably take a family vacation that is a little too expensive.

I think I would probably blow $40k on a boat, because I grew up spending allot of time on the water and love it.

The I would invest the rest in something that pays good dividends, you'd hope with a 90K investment you could earn a few thousands / year in dividends. I don't know what typical dividends are, but I think my company is usually around 1% of the value of shares annually. effectively a small raise on my annual salary & a nest egg for when the kids grow up and I'm free'd up to travel allot more.

I guy can dream.

11-16-2014, 03:33 PM	#33
#-3 #1 Goaltender Join Date: Mar 2008 Exp:	Well my current situation is not vary different from what you described, Personally I will pay down a few minor debts, a car loan, some small remainders on student loans..... I might raise my month payment on Mortgage to reduce the term, but I wouldn't make a huge lump sum payment, Interest rates are too go right now, dumping other debts would leave space in the budget to pay the mortgage down a little faster. I would probably take a family vacation that is a little too expensive. I think I would probably blow $40k on a boat, because I grew up spending allot of time on the water and love it. The I would invest the rest in something that pays good dividends, you'd hope with a 90K investment you could earn a few thousands / year in dividends. I don't know what typical dividends are, but I think my company is usually around 1% of the value of shares annually. effectively a small raise on my annual salary & a nest egg for when the kids grow up and I'm free'd up to travel allot more. I guy can dream.