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Have you ever dreamt of what amazing things you would buy if you had a sudden influx of cash?
Winning the lottery could be your chance to make all these wild dreams come true and purchase many items that normally would not be within your budget.
Whether it’s selfish indulgences, generous donations, or practical investments; when it comes down to things you can buy with money, the possibilities are endless!
In this article we will explore some of the outrageous luxuries that average people might splurge on if they suddenly became lottery winners.
Read on to learn more about a few extravagant purchases that will make anyone envious.
#1. Build Low Cost Housing
One popular answer was to build a lot of low cost, sustainable housing for young people.
Seeing as how home ownership feels out of reach for many, this option serves the masses by allowing them to take the next step in their financial journey.
#2. Invest It
Surprisingly many would people choose to invest the money, to help build a family legacy that lasts multiple generations.
Another reason for investing was to ensure they would never struggle with money again.
Essentially, investing was a way to overcome the urge to spend it all.
#3. Donate It
Another popular answer was donating money.
Many people said that $5 billion was more than they needed, so they would keep enough to be financially independent and then donate the rest to popular causes to help others.
#4. Do Nothing For Now
Surprisingly, many people said they would do nothing with the money. At least for now.
This is a smart answer because going on a spending spree would be so easy.
Before you know it, you blew through much of your money.
Doing nothing, at least for a few days, allows you to think about what you really want and the best ways to use the money.
#5. Start an Animal Sanctuary
Helping animals should not come as a surprise since so many people have pets.
Many people commented that they would spend money on buying hundreds of acres and creating animal sanctuaries worldwide.
#6. Help Out Family and Friends
Helping out friends and family financially was also a popular answer.
Many people said they would pay off the debt of their friends and family members.
Some even said they would buy homes for these people as well.
#7. Become A Supervillain
A final vote that I’m hoping is more humor than reality is to become a supervillain like Dr. Evil.
I guess some people enjoy the idea of causing havoc, though my belief is they are simply saying this, and if they came into enough money, they wouldn’t follow through.
#8. Eggs, Lawyers, Student Loans, and Universal Healthcare
Some of the answers revolve around the current economic climate we are in.
One person said they would finally be able to afford eggs. As it currently stands, they cannot afford the item because of inflation and the bird flu’s impact on egg prices.
Another person said they would use the money to pay off their student loans.
Many others agreed, with some going as far as wanting to pay off others’ debt as well.
As one person said, “Pay off my student loans then use the leftover to buy a large combo meal at the fanciest Wendy’s in town!”
Finally, another person talked about using the money to buy votes so politicians would finally pass universal healthcare.
#9. Buy Land
Land is a great investment.
We cannot create more of it, and there will always be a demand.
As a result, some people are interested in buying lots of land.
It is unclear if the goal is to flip it and earn a return on it, develop it, or use it for some other endeavor.
#10. Retire
Does it surprise you that most people said they would quit working?
It shouldn’t.
After all, when being interviewed on the news when buying a lottery ticket, most people usually respond with “I’m quitting” when asked what they will do if they win.
It’s safe to say that with $5 billion, you can retire early and not have to worry about working again.
#11. Build Homeless Shelters
Many people realize there is a homeless crisis in the country, and little is being done about it.
As a result, many people said they would use the money to build homeless shelters in hopes of finally solving the problem.
#12. Build an Off Grid Fortress
With $5 billion, one person said they would build a fortress.
But not any fortress. One that was 100% off the grid could survive the apocalypse.
I don’t know if they were wearing a tin foil hat when typing their response or not.
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Most people think the money in their wallet is worth face amount. But many bills and coins with printing errors are worth a lot of money.
While some of these coins and bills are rare, in other cases, you very well could have a small fortune and not even know it.
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We all know we grow wealth by investing in the stock market or putting our money into savings accounts.
But many of us are unaware that the best returns are by investing in ourselves. When we improve ourselves, we have the ability to earn a lot more money, which makes it easier to become filthy rich.
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Many of us save some money which helps us to be able to retire one day and enjoy a better life.
But what if you knew how to save like a millionaire? Knowing this could help you to become wealthier than you can imagine.
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This thread inspired this article.
I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.
Visit my About Me page to learn more about me and why I am your trusted personal finance expert.