Yesterday on Twitter I mentioned that the majority of my office conversations revolved around various aspects of winning the lottery. Those conversations only got more frequent and intense as the day progressed. Fantasizing about Lottery winnings has reached a fevered pitch now that the Mega Millions jackpot has reached over $500,000,000. Do you see all of those zeros?
Our office conversations revolved largely around the most common questions like, "What would you buy?" "Would you quit your job?" "Would you even come into work the next day?" Those questions somehow evolved into, "If we were in an office pool, and we won, who would you trust to take the ticket to the lottery office?" The conversation then went into a perceived assessment of our coworkers' general trustworthiness, dependability, street-smarts, and overal savvy. Somehow this eventually turned into, "If our whole office was part of a Hunger Games style competition, who would win?" As you can see, we got off track. I work with a great bunch of people and we often have these types of conversations at work. It makes the day go by quickly.
In the last few days the buzz about this world record jackpot has exploded all over the front page of newspapers and as the top story of international news broadcasts. It's turned normally level headed people into luck chasing lottery fools, and run of the mill players into regular psychotics, hoping their years of playing will finally pay off.
Wendy and I don't often play the lottery, but we've been known to drop a few dollars here and there when the jackpot climbs above $150 million or so. Why? We feel it's worth our "investment" once the dollar value of tbe payout begins to surpass our 1 in 175,711,536 chances of winning the jackpot (yes, those are the real odds for a jackpot payout on a single ticket purchase).
We realize our odds at actually winning are pretty slim, but our odds are the same as everyone else's, so why not give it a shot? Five dollars in tickets to this week's half a billion dollar lottery drawing will at least let us dream pretty big for a few days. To us, and to many of our friends, the daydreaming and scheming that goes along with playing the lottery is worth the $5 we'll pay to play.
When you buy a ticket, you know it's a true long shot, but you just can't help but start daydreaming. As soon as I leave the store my mind immediately starts in on the "what ifs."
What if we win, how will I react? Who will I tell? Who will I call? Will I stay calm? Will I freak out? Will I pass out? How will I make sure someone doesn't steal my ticket if I pass out? How will I claim the prize if I have to drive 90 miles to Richmond? Can I get a police escort? Can I get a secret service escort for the police escort? How paranoid am I???
After the drama of winning and prize collection dies down, if we win the lottery Wendy and I have got some pretty grand plans. Some we see eye to eye on, while others are a bit divergent. However, with a $389 million lump sum payout, you can have plenty of divergent ideas and still be quite content.
I don't think I'd quit my job immediately (I really like what I do and the people I do it with), or go on any massive shopping spree. I think the first thing we'd do is pay off our house. A lot of people would say "move" or "buy a new house," but that's not us. We love our house, and have put so much time and effort into our house that we will keep it forever if we have that ability. I couldn't stand the thought of someone taking over our renovation and making it run off the rails. We've come so far in working on our house, and there's no way I wouldn't see it through to completion. Even if we wouldn't end up living in our current house as our primary residence, I have far too much pride in what we've accomplished. I also think it would make an absolute great guest house for friends and family coming into Alexandria to visit. :-) I mean, who doesn't like guest house accommodations?
The funny thing about our lottery dreams is they seam to waffle between the practical and the over indulgent. I think you'll see the pattern develop if you continue to read on.
Once our house is all settled up, and the money is properly diversified into various investments and interest bearing accounts (this is the practical and fiscally conscious side of my brain) we'd probably buy our forever dream house. The first on the list might be the large home of our friend's that we wrote about a few weeks ago. It's just one of those "I could see myself living here for the rest of my life" type of homes.
Then I imagine we'd go through the normal "OMG we can afford to buy houses in the places we love." We'd buy homes near and far in all of our most favorite places. Some ridiculously expensive, like this nearly $8 million dollar place in Napa Valley (chump change to the winner). It's a small 1915 house on almost 26 acres.
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