Why is the lottery a bad idea?

If I won the lottery, would this be a good idea?

  • Suppose I win the Michigan lottery, and I win $100 million or so. I would like to buy a brand new 2014 Chevy Impala for each of my friends. Would that be a good or bad idea?

  • Answer:

    invest the money

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Other answers

invest the money on a business

emmanuel

yes a bad idea

Tony

If you supposedly have won the Michigan state lottery as your plans are to buy your close friends a new Impala as some would like the new Cruze diesel instead. If you had bought the friends the Impala as they want the Cruze instead as you are stuck with the Impala as they refuse to sign the paperwork and threatens to turn the paperwork into confetti if you make them sign the paperwork for the Impala as they want the Cruze.

daniel_m_libich

The obscenely rich can't get lost in the city like you or me. Bill Gates can't go anywhere alone and he can't take public transportation. He always has to be looking over his shoulder. He's a prisoner of his own wealth. Now, if you could win the lottery incognito, so no one knew you had that much money and you kept it a secret, it would be a good thing. However, state lotteries don't let you do that. You would be in the news and people would know.

God is my Shadow

Buy them cheap *** cars $800 clunkers and when they don't respect the gift take it back and don't talk to them ever again. And invest it.

Nigel

Sorry, but those friends are going to change. You should get away from everyone for about 2 years. No lavish gifts. Travel and keep a low profile.

no name

I'd do it. Even if you give away 30 cars it's only about $100,000.00 and you're talking about having 50 MILLION or more. Invest it??? Why??? Buy a new Civic???? These people have no concept of how much money that really is. If you can't live the rest of your life on 50 million and simple interest, investing isn't going to help you. Invest if you want to but spend some, most, or all of that money and enjoy it. You will find out which friends are real and which are leeches but that's an easy problem to fix. Move to a gated community and ignore the leeches. I will partly agree with NO NAME, travel and enjoy yourself. That's what money is for when you have more than you need to just survive.

monte

Duck no buy a new civic or accord if that's what you want. But do they suck you up or will they do something in return. You know?? Why buy them when you can invest

Miguel

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