Wednesday, January 16, 2008

20 Something Debates

Twenty Something Bloggers asks in this fortnights debate:

If I won the lottery would I keep it a secret?

Well, first of all, in order to win the lottery logically this has to involve participating in the lottery and purchasing a ticket. Perhaps more than one ticket. As I do not purchase lottery tickets I could not win the lottery therefore I would have nothing to tell or not to tell people. But that doesn't really answer the question in the spirit in which it was asked.

Secondly, I question why money needs to be kept a secret or not. If we received an unexpected pay rise or bonus, would we feel the need to keep it a secret or alternatively shout to all and sundry. Are these really the only options? Perhaps what really needs to be asked here is why money is such a taboo subject. In a world where we will discuss our most intimate thoughts on all other subjects why do we find it a dilemma as far as money is concerned.

So, for these purposes, I am assuming that I have ignored my father, who once said I'd statistically far more chance of being run over by a bus than winning anything on the lottery, and purchased a ticket. I suppose my decision to tell people would depend on three things: if anyone knew that I had purchased a ticket, how much money I had won and whether or not I would be using the cash publicly. If no-one knew that I had bought a ticket and the winnings were medium sized, i.e. £100 - £20,000 I think that I would simply tell M (financial secrets are hard to keep in a joint household) and then pay off my credit card and law school loans. If I won a small amount of money i.e. under £100 I think I would tell my friends and buy some champagne the next time I went out. If it were a significant amount of money I would tell selected people (the new access to cash would seem out of place and I wouldn't want people to speculate where else the money might have come from) and again pay off my loan, buy a house, give money to M, parents, family and charity and invest the rest. I would tell nearest and dearest only but others if the need arose. I would not go around shouting about it but I would be honest if questionned, just the same as I am now about my lack of money.

(I did play the lottery once, as it happens, on the evening of the day that the horse M and I picked won the Grand National and earned us £50 or so. We thought we'd see if our luck held. It didn't)

Alternative Views:

The Ink


James said...

My honest answer would of been almost identical to yours, although I'd pay off my own student loans, rather than your law school loans I'm afraid. I couldn't get what I really thought into the right words when I started to answer the question, so I thought I'd answer the question a little differently instead.

Your father talks a lot of sense.

PrincessPolly said...

I won about sixty four quid on the lottery once. Think I told everyone I knew.