If you won the Lotto..

IceWolf7

People always talk about what they'd buy/do. But if you won the lotto, who would you tell?
I'm 21, I'd definitely have to tell my parents/siblings as I'd be giving them a part of it to do things, they'd catch on fairly quickly regardless!

I'd want to tell my boyfriend too and maybe one or two of my closest friends, but would be slightly weary of it too in some senses. I know they wouldn't tell if I asked them to, but these things can slip out can't they? I'd possibly keep it hidden from extended family too at all costs. What are your thoughts? Where would the line be drawn?

Bored_lad

I would tell absolutely no one. Obviously close family would be told outside of that no one. The risk of it getting out wouldn't be worth it and people change when money comes into play.

January

My parents, my husband parents and my sisters and brother. That's it.

Sam Kade

IceWolf7 wrote: »

People always talk about what they'd buy/do. But if you won the lotto, who would you tell?
I'm 21, I'd definitely have to tell my parents/siblings as I'd be giving them a part of it to do things, they'd catch on fairly quickly regardless!

I'd want to tell my boyfriend too and maybe one or two of my closest friends, but would be slightly weary of it too in some senses. I know they wouldn't tell if I asked them to, but these things can slip out can't they? I'd possibly keep it hidden from extended family too at all costs. What are your thoughts? Where would the line be drawn?

The minute you tell anyone your secret is out

boobar

Really depends on how much you'd win

A million or two, you could keep that under wraps, pay off the mortgage, nice car nice holidays, put kids through college....but you'll still have to work.

Euro millions money, well you'll need bodyguards.

s15r330

My parents, my brother and my girlfriend. Then i'd tell the lotto lads to meet me at Dublin airport to sort the details before boarding a plane outta here!

Sam Kade

January wrote: »

My parents, my husband parents and my sisters and brother. That's it.

Guaranteed at least one of them will be bursting to spread the news.

TG1

I'd tell my family and close friends. I'd have to tell one as the game plan would be to hire her in my new start-up business so... But I'd tell the others, if we fall out we fall out but I think they're all mature enough not to expect someone to start handing out cash all of a sudden! I certainly wouldn't expect it from my friends if they won!

MilesMorales1

Tell like 4 people, live off the interest.

January

Sam Kade wrote: »

Guaranteed at least one of them will be bursting to spread the news.

Nope, and I'd be the same if they told me.

_Kaiser_

OK, assuming you won a significant amount (Euromillions or multl-million rollover):

1. Call Lotto HQ to advise them of your claim but then do nothing for a few weeks to let the attention die down. Say nothing to no-one and carry on in work as normal
2. Collect it and deposit it. Don't buy anything out of the ordinary for now either (resist the temptation even for a new car)
3. Take a week or two of Annual Leave and go somewhere to think about your plans. Get proper advice. Again say nothing to anyone else
4. After a few more weeks, hand in your notice thanking them but saying you got a better opportunity (it's even true! ). Work out your notice
5. Leave and enjoy your life

This way you avoid the appearance of new friends, relatives needing favours, begging letters etc. You probably wouldn't hear from 99% of the people you work with again anyway when you leave in my experience, so why put yourself through that.

By doing it as above you can get the arrangements/plans made first and then decide who you tell and what you tell them - not everyone should know just how much you won for example.

The flying mouse

Tell close friends and of course family ,Wouldn't give **** who knew that i won it, Just better my already good life better and of course the above mentioned and move on and up.

Olishi4

Initially I would tell my husband, both our parents and our siblings. Then eventually I would tell friends and extended family. I don't think I would keep it as some kind of secret. They might wonder why we keep having these extravagant parties all the time

I always liked that movie with Nicholas Cage where he wins the lotto after promising a waitress half of the possible winnings because he didn't have enough for a tip at the time. And he keeps his word. I would like to say i would do the same but I'm not sure I could do that now.

diomed

Gamble with it.

s15r330

Olishi4 wrote: »

Initially I would tell my husband, both our parents and our siblings. Then eventually I would tell friends and extended family. I don't think I would keep it as some kind of secret. They might wonder why we keep having these extravagant parties all the time

I always liked that movie with Nicholas Cage where he wins the lotto after promising a waitress half of the possible winnings because he didn't have enough for a tip at the time. And he keeps his word. I would like to say i would do the same but I'm not sure I could do that now.

I do often say this to the person who sells me the ticket! I wouldn't give them half of course, but i'd sort them out with something nice

Cathy.C

https://www.youtube.com/watch?v=5TpvGTxWRL0

Olishi4

s15r330 wrote: »

I do often say this to the person who sells me the ticket! I wouldn't give them half of course, but i'd sort them out with something nice

Yea thats nice. I think I'd do that anyway. I'd say it's quite common to give a few bob to the person who sells you the ticket.

the evasion_kid

I was only thinking about this this morning,immediate family and a couple of close friends who I could trust.

frozenfrozen

Talk to lawyer, figure out how to best collect it secretly & so it can be split / gifted to parents without incurring tax, pay off everything, don't tell sister because she would become a rich kid of instagram within seconds. then buy somewhere nice to live and a nice car and live off the interest forever. Couldn't tell anyone else as they'd ruin it.


Except I don't buy lotto tickets.. so it's not going to happen

_Kaiser_

Olishi4 wrote: »

Yea thats nice. I think I'd do that anyway. I'd say it's quite common to give a few bob to the person who sells you the ticket.

The shop already gets a few quid from it don't they?

RainyDay

_Kaiser_ wrote: »

OK, assuming you won a significant amount (Euromillions or multl-million rollover):

1. Call Lotto HQ to advise them of your claim but then do nothing for a few weeks to let the attention die down. Say nothing to no-one and carry on in work as normal
2. Collect it and deposit it. Don't buy anything out of the ordinary for now either (resist the temptation even for a new car)

How do you plan to mind or look after the small slip of paper that has now become a 'bearer instrument' - worth millions of euro to whoever has it in their hand - for those few weeks while you're waiting to collect it?

Olishi4

_Kaiser_ wrote: »

The shop already gets a few quid from it don't they?

Oh do they? I don't know. Does the shop assistant get it themself? Jeez haven't even won and it's already getting complicated with how to divide the money. I take back my first post, I'm telling no one and I'm going to move away to a small isolated island, by myself

Timberrrrrrrr

RainyDay wrote: »

How do you plan to mind or look after the small slip of paper that has now become a 'bearer instrument' - worth millions of euro to whoever has it in their hand - for those few weeks while you're waiting to collect it?

Bank will happily keep it in their safe for you if they think you about to lodge several million with them

One eyed Jack

_Kaiser_ wrote: »

The shop already gets a few quid from it don't they?

Aye the shop owner gets €5k if they sell a winner. I don't play lotto myself, but my wife does, and if she won sure it'd make no odds to me, I wouldn't be going out of my way to tell anyone or keep it a secret. I'd probably just carry on as I am while my wife would go globe trotting and the young lad would be happy with the latest iPhone...


Wins the lotto, buys an iPhone... I don't know where I went wrong, buy a decent phone ffs! :rolleyes: :pac:

RainyDay

Timberrrrrrrr wrote: »

Bank will happily keep it in their safe for you if they think you about to lodge several million with them

Not any more:

http://www.irishtimes.com/business/personal-finance/customers-forced-to-box-clever-as-banks-pull-out-of-safekeeping-1.2199532

s15r330

Someone from my town won it a while back, €6m I think. They bought a house in town in an estate and a new Hyundai something or other from the local dealer, both of these things made no sense to me. I know its their money etc, but I think i'd splash out a bit more!!
They did have locals knocking on their door for money though, one was a local drunkard/waste of space looking for 5k for something or other, some neck!

_Kaiser_

RainyDay wrote: »

How do you plan to mind or look after the small slip of paper that has now become a 'bearer instrument' - worth millions of euro to whoever has it in their hand - for those few weeks while you're waiting to collect it?

Is it that much of an issue normally sure? Do you lock away your ticket worth €50 until you collect it.

You could I'm sure get a secure deposit box if needed. Maybe another floor safe saga

RainyDay

_Kaiser_ wrote: »

Is it that much of an issue normally sure? Do you lock away your ticket worth €50 until you collect it.

You could I'm sure get a secure deposit box if needed. Maybe another floor safe saga

The insurance levels available on safety deposit boxes are generally six-figure sums, not seven figure sums;

http://sentinelvaults.ie/insurance/
http://merrionvaults.ie/insurance/

Higher levels may be available 'on request', but it seems like unnecessary hassle and expense.

I'd be in the door of Lotto HQ at 9am on Monday morning, and get the cheque or bank transfer sorted.

Lotto Gewinner wrote: »

Play online and there is no need to mind the ticket. Otherwise I would take photos of it in my hand and never let it out of my sight.

Good point, and a good reason to play online. I'm not sure that photos would have much legal significance, and I'm not sure how you could 'never let it out of your sight' over a period of weeks without risking losing or damaging it.

osarusan

Tell my wife, parents, and new financial advisor. Maybe my brother and sister as I would hope to pay off their mortgages.

For everybody else, the source of the obvious finance behind Limerick FC's rise to the pinnacle of Irish football would remain a mystery.

Sam Kade

Some fella from Bray won 1.4m in the lotto in the 90's. He made very bad decisions buying a house that needed doing up and paying over the odds for it, bought a business and spent 500k on it only for it to go bad, gave money to family and helped out a brother that was starting a business that didn't work out. All he have left is the house. People were asking him why he didn't buy a Ferrari with it, are people really that thick? You'd have to buy it in the UK pay for shipping over and duty on top then the running costs, he wouldn't be long making a hole in a million.

Bored_lad

Sam Kade wrote: »

Some fella from Bray won 1.4m in the lotto in the 90's. He made very bad decisions buying a house that needed doing up and paying over the odds for it, bought a business and spent 500k on it only for it to go bad, gave money to family and helped out a brother that was starting a business that didn't work out. All he have left is the house. People were asking him why he didn't buy a Ferrari with it, are people really thick? You'd have to buy it in the UK pay for shipping over and duty on top then the running costs, he wouldn't be long making a hole in a million.

I don't think people realise that a million is a small amount of money and you'll burn through it fairly quickly. Especially when people go quitting their jobs and buying new houses etc. then all of a sudden their million is gone and they're broke.

The Raptor

boobar wrote: »

Really depends on how much you'd win

A million or two, you could keep that under wraps, pay off the mortgage, nice car nice holidays, put kids through college....but you'll still have to work.

Euro millions money, well you'll need bodyguards.

A million or two is nothing in this day and age. By the time you have the mortgage paid off, or a nice house bought in my case, a nice car, if you have kids, you wouldn't have to worry about putting them through college.

I may sound selfish but i wouldn't tell a soul. I grew up with a mother who believed that her daughters owed her and her boys. Our local lotto was about 10k and she was claiming it before i won it because i was lucky once and won €500. She would say "thats exactly what we need". But my brother gets 10k from an insurance payout and its all his. She always wanted to see me go without, so long as her boys were happy. The €500 I won was in bus vouchers. I only got to use about a hundred of that.

Imagine if i won a million, she would have her hands in it and i wouldn't be allowed to spend it or share it how i want. She always looked out for her boys and made sure they were sorted and no doubt, she would expect the same from me, so long as my brothers are sorted.

If i won a million and shared it between 5 of us, three brothers and sister, it would be 200,000 each. Over my working life on minimum wage i should be getting 600,000. Plus 200,000. My brothers on the other hand would be getting over a million during their working lives. But so long as my mother is happy, and her boys are sorted.

Why can't i look out for myself and tell nobody. 200,000 wouldn't even get me a house and nice car.

Dirty Dingus McGee

Depends on how much I won.

If I won less than 50 million I'd only tell my ma and da and sister.

If I won a big Euromillions jackpot I would have enough to share with my whole extended family and so I'd probably give all my aunts and uncles 100k or so each and therefore my secret would be out.

Sam Kade

The Raptor wrote: »

A million or two is nothing in this day and age. By the time you have the mortgage paid off, or a nice house bought in my case, a nice car, if you have kids, you wouldn't have to worry about putting them through college.

I may sound selfish but i wouldn't tell a soul. I grew up with a mother who believed that her daughters owed her and her boys. Our local lotto was about 10k and she was claiming it before i won it because i was lucky once and won €500. She would say "thats exactly what we need". But my brother gets 10k from an insurance payout and its all his. She always wanted to see me go without, so long as her boys were happy. The €500 I won was in bus vouchers. I only got to use about a hundred of that.

Imagine if i won a million, she would have her hands in it and i wouldn't be allowed to spend it or share it how i want. She always looked out for her boys and made sure they were sorted and no doubt, she would expect the same from me, so long as my brothers are sorted.

If i won a million and shared it between 5 of us, three brothers and sister, it would be 200,000 each. Over my working life on minimum wage i should be getting 600,000. Plus 200,000. My brothers on the other hand would be getting over a million during their working lives. But so long as my mother is happy, and her boys are sorted.

Why can't i look out for myself and tell nobody. 200,000 wouldn't even get me a house and nice car.

Once bitten, twice shy, as they say.

Sam Kade

Dirty Dingus McGee wrote: »

Depends on how much I won.

If I won less than 50 million I'd only tell my ma and da and sister.

If I won a big Euromillions jackpot I would have enough to share with my whole extended family and so I'd probably give all my aunts and uncles 100k or so each and therefore my secret would be out.

When you start giving money to people no matter how close they are, they'll be back for more and if you refuse you'll be the worst in the world.

Dirty Dingus McGee

Sam Kade wrote: »

When you start giving money to people no matter how close they are, they'll be back for more and if you refuse you'll be the worst in the world.

Absolutely and I'm 100% certain some of relatives would behave exactly like that and probably consider me a real **** for only giving them 100k however I'd still like to help them out just as a nice gesture and if they at all acted like that they wouldn't be getting any more and I'd know who my real friends were.

corner of hells

Im not sure what Id do , Im sitting here checking my numbe.............. ,



Yeah , hello ,,the,airport, yeah by taxi.

donegaLroad

when more than 2 people know, it is not a secret

Wabbit Ears

irish Lotto, Very little would change, Id tell my dad only

Euomillions, Id move abroad with a clean slate.

FizzleSticks

This post has been deleted.

Richard Hillman

I would tell literally nobody. Not my inner circle of friends, not close family, literally nobody.

I would buy myself a nice apartment but say I am sharing it with a randomer who is always away on business.

Then set up a holding company of who I am employed by but are ok with me working from home. Of course I will always be away on international business with and my employers are great for perks such as Superbowl tickets. My job will be way too boring and complicated to be explaining but very well paying.

Olishi4

FizzleSticks wrote: »

If I won a ridiculous amount of money I would be investing so much of it I would hold off on telling anyone (except a few very very close people) and then as I appear to become wealthier I would make it seem like I have a growing investment portfolio rather than 20 million cash ready to give away!

I can't understand why people would go public and tell everyone they know?

Well if you are talking about something like 20 million then more than likely your life would change a lot.

I invited friends to my wedding, house warming and other celebrations. Why would I keep a lottery win from them? They are part of my life and if I had something like a dramatic win, i would hope they would be happy for me. I wouldnt like having to lie all the time. If they let me down, or started asking for things or expecting things or reacting strangley to our win then I'm old enough to know if I want to continue the friendship or not.

Ninjini

I would tell my OH , nobody else.

Dirty Dingus McGee

Olishi4 wrote: »

Well if you are talking about something like 20 million then more than likely your life would change a lot.

I invited friends to my wedding, house warming and other celebrations. Why would I keep a lottery win from them? They are part of my life and if I had something like a dramatic win, i would hope they would be happy for me. I wouldnt like having to lie all the time. If they let me down, or started asking for things or expecting things or reacting strangley to our win then I'm old enough to know if I want to continue the friendship or not.

They wouldn't.

Olishi4

Dirty Dingus McGee wrote: »

They wouldn't.

Well then they better be good at faking it then ah no you really think not one of your friends would be happy for you?

Dirty Dingus McGee

Olishi4 wrote: »

Well then they better be good at faking it then ah no you really think not one of your friends would be happy for you?

I'm not sure.

I'd imagine there would be a massive amount of envy.Your friend suddenly becoming so wealthy would really rub it in your face how sh1te your own life is.

StripedBoxers

I wouldn't tell anyone bar my best friend and new financial adviser/solicitor. I know my best friend wouldn't tell a soul, she is one of the most trustworthy people there is. I could trust her with my life and not worry.

I would rent a house/apartment for a few months I think then buy somewhere, wouldn't buy straight away as it would be a little obvious to my friends/family. I'd learn to drive also and buy a Micra or something small, wouldn't buy a branded or extravagant car at first as it'd be too obvious.

I live in a small-ish town so anything out of the ordinary would only draw attention even if I hadn't told anyone.

No one for like 6 months. Give yourself time to calm down and realize it's just a cash injection. You can't live of that and it will ruin your life if you think it can.

Olishi4

Dirty Dingus McGee wrote: »

I'm not sure.

I'd imagine there would be a massive amount of envy.Your friend suddenly becoming so wealthy would really rub it in your face how sh1te your own life is.

I wouldn't think like that if one of my friends won the lotto. In fairness I might think that I could be getting a better Christmas present from them this year but honestly I wouldn't expect anything and I wouldn't see them as rubbing it in my face but I know what you mean how some people can perceive things like that.

Still as long as the shock of winning had settled with me, I wouldn't hide it from friends. I'm not hiding stuff that is of no offense to anyone from friends to protect them from envy and becoming bitter. Like how is me winning the lotto a personal dig at them?

OldMrBrennan83

This post has been deleted.

Bored_lad

Olishi4 wrote: »

I wouldn't think like that if one of my friends won the lotto. In fairness I might think that I could be getting a better Christmas present from them this year but honestly I wouldn't expect anything and I wouldn't see them as rubbing it in my face but I know what you mean how some people can perceive things like that.

Still as long as the shock of winning had settled with me, I wouldn't hide it from friends. I'm not hiding stuff that is of no offense to anyone from friends to protect them from envy and becoming bitter. Like how is me winning the lotto a personal dig at them?

What happens when people other than you friends find out and you have people expecting money off you. When you and your family become a target for organised crime because of you wealth. The safest thing to do with a lotto win is to tell no one.