Recap Week One
Week one would be just me paying off debt and for good reason as it will set up what I want for week two.
I Own It
Week two would be straightforward, I would use my new-found wealth to buy a house and vehicle. I would take out a loan and get something small no need to spend more than what is necessary.
I would want something new, but I can settle on a used one as they are cheaper. If I did get a new car it would be $20,000-$25,000 and it would be a truck.
If it would be possible I would try to get a loan for not one car but five and with the same budget for a new car I would get myself a car as well as four others. The other cars would not be for me as well having five cars would be a bit much. I would give them to fiends and family or to some stranger. Who knows and why go new and get one for me when I cane use the same cash to get something for someone in need.
Something cheap, as long as it has four walls and a roof and nothing is failing in it I will be happy. If I can find a duplex where I live in one and my grandmother lives in the other it would be great.
One that I would want to try to get:
But it is a bit high priced at $ 139,900
All in all I think I can dream big and spend the cash each week wisely but who knows planes tend to fail and well I need to win first.
After my last post I felt like I got a bit too depressed and lost track on the main subject of the post, so today I am going to think even more on what I am going to do if I won the publisher clearing house 7000 a week for life. I will also take it one week at a time one what I would spend things on. This will be a daily task set forth by me so I can do something a bit more productive, if you can call wishing productive.
Now first off I know that I will not end up with the full $7,000 each week, taxes and all. I shall figure 25% would go to taxes giving me a total of $5,250 to work with each week. That is more than enough for all the things I want and need.
Establish my Credit
So for my first week I would do the most basic of things and that is make sure all my debt is payed off. This way I establish good credit that I can use to buy the big things needed to live. I estimate my total debt is just under $4,000 if that so I will just say it is $4,000 to have a number in mind for it. With the remaining funds I would pay towards my grandmothers debt.
So in short I first week would not be nothing spectacular it would be my first step towards investing in myself and my future. The most basic of things that could be done with an influx of cash. I will get more creative as I dream up each week and what I will do with the money if I had it. Until next time good luck and live happy.