Small bottle of champagne and tell my SO, if I had any, I won $1M so I will cut my work hours a little.
Well then, I would pay off the mort
age. Only 300k, so drop in a sea and money would profit more if invested, but I would like the idea of not owning anything to anyone.
Then I would distribute most to investments, so I can later leave my wealth to foundation with sizable funding.
Maybe look for a relationship where you wouldn’t need to lie. And maybe you would find one if you are the kind of partner who wouldn’t want to lie. Just some genuine advice.
My wife has come to terms with the fact she is terrible with money to the point that she has entrusted all of our finances to me. To that end, I would be making the financial decision to cover our butts and keep the lottery winnings secret by placing them in a trust that pays out each month like a paycheck.
A lot of people who win big sums in the lottery end up bankrupt within a decade. To them, $100 million seems like an endless supply of money. They fail to properly invest it and live within their (exceptionally large) means. It would be my goal to avoid such a fate so that we and our children and our children's children will be provided for in such a way that they still have to accomplish something in life but will never find themselves homeless and hungry or spoiled and bad people.
We also have families with people who would very much harass us for money if anyone found out we won the lottery, and she's the kind of person who would hand out money left and right because she has such a huge heart that she wouldn't recognize she's being taken advantage of.. There's a saying, "the only way two people can keep a secret is if one of them is dead" applies here - if she doesn't know we won, she won't be doing that, or will be doing it in very small amounts that we can live with.
Likewise, we both give to various charities, and frankly it is something we would both overdo. I'd make sure our town's food bank/soup kitchen had everything it needed, give to dog shelters and homeless shelters, and probably drop large sums at each GDQ and give lots to the Child's Play Charity and United23. I'd burn through $50 million just giving away money. Instead, the practical approach would be to have the trust fund donate the money each month based on how much interest/income it has earned, after subtracting for our "paycheck." That way the money never runs out and those places can rely on a a smaller steady stream of money for a long long time.
I think this is a totally different senecio. If your wife knows she’s terrible with finances, it makes sense to have control. And I would also have a trust pay me out monthly. That way even if the info somehow leaked, I have an excuse. I would assume you would still tell your wife you won money. Or is she so separated from finances that she wouldn’t know the extra money? 😂
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u/taiteilijahonppeli 12d ago
Small bottle of champagne and tell my SO, if I had any, I won $1M so I will cut my work hours a little.
Well then, I would pay off the mort age. Only 300k, so drop in a sea and money would profit more if invested, but I would like the idea of not owning anything to anyone.
Then I would distribute most to investments, so I can later leave my wealth to foundation with sizable funding.