English class podcast

The conversation revolves around what the participants would do if they won a lottery jackpot of 5 million or 100 million dollars. They discuss various options, such as investing in stocks, paying off debts, buying houses, giving money to family, and indulging in personal interests. They emphasize the importance of being smart with money and acknowledge that their plans may not be foolproof. Overall, they express excitement about the possibilities and the freedom that winning such a large sum of money would bring. Hello and welcome to Welcome to Serious. Today I'm here with my co-host, Matthew Porter. The question of the day is, what would you do if you won the lottery jackpot of 5 million dollars? You should go first. I'll go first? Alright. What I would do is, like it depends on how much the lottery is worth. If it's 5 million, if it's 10 million, if it's 50 million. But a realistic lottery would be 5 million. I would probably save 4 million and invest that somewhere in the stock market to grow my money over the future. And the rest of it, I would spend on gifts for my parents, my friends, myself. And save some money, buy a car maybe. Alright. What I would do with my money is, I would take maybe like 25% of it, pay off debts, bills, anything like that. Give a chunk to my family, invest it in my parents. And then maybe save a little bit for like a little vacation or something. Or like maybe a little cheap car. And then the rest I would be investing. Alright, so I've got a little split here. I've got about 25% of it. I can do whatever I want, get a car, house. 25% goes to my parents. 35% goes to my savings account. 25% goes to something. Nice. So we do actually have somebody else on our podcast today. Did you lose yourself? Yeah, I lost my wife. Yeah, I lost my wife. Yeah, I'll be dead. So what I would do with my 5 million dollars if I did lose my wife. Honestly, obviously the smartest choice is to invest your money. So I would probably take roughly half. So with 2.5 million dollars, invest it in any kind of stock. Like the other guy at headquarters said, I'm working overtime and everything like that. That's honestly just the smartest choice to do. Because with 3.5 million dollars, you can work 5 million and you can put it in the right investment. And the other 2.5 million, I would obviously give a chunk to my parents and say thank you for everything they've done for me over the years. Yeah, you better. That's a very respectable... Yeah, honestly my parents have always been there for me. So unfortunately they split, so I'd give them each a separate check. But that's something we can discuss. And then probably the other half would be spending on me. So things I like to do, there's a lot of options for me. So maybe get myself a new snowboard. Maybe get some clothes. And a pair of skis, you know. And a motorcycle. Yeah, get myself a motorcycle. Just toys for my motorcycle and things like that. And transportation as well, because my parents are sick and driving me everywhere I go. So just to recap everything, I would invest 50% of it, so 2.5 million dollars. I'd grow that money in the future and then give probably a million, so $500,000 to my parents. And then save that up to 2.5 million dollars for anything I need to buy. And whatever's left over will go probably to the kids. Very, very interesting. Well, thank you. Save the jackpot is a lot bigger. Like a 50 million. 50 million. 150 million. We'll start with many, many. 100 million. 100 million. If I got 100 million right now, honestly, most people would probably say quit work and just live off that. But that's not me. I'd probably move somewhere in Canada. Maybe somewhere in Florida. Yeah, exactly. I'd probably go to BC. Yeah, I'd probably go with 100 million. That's a lot of money. So I'd probably rent a condo somewhere in BC. So I could do all the things I like to do. You could just buy the entire condo. Yeah, you win the lottery. Buy the condo and rent it out to other people. Just rent it out. I like to do adventure sports, like snowboarding and stuff like that. I'd probably just buy a place up there. Mainly live somewhere up south, maybe in Florida or something like that. Buy a big mansion or something like that. I'd put just a lot more money in investments as well, too. Yeah. I'd definitely get another house in Florida. I'd probably get two houses. One house for the winter in BC, so I can ski. Maybe I'll buy a snow machine, too, like a sled. And then I'll buy a house somewhere tropical and nice, so I can ride my motorcycle year-round. So I'd probably spend around 10 million on houses and stuff like that. And then, obviously, a good chunk is going to go with my family and friends. And then invest the rest and keep a couple mills to myself. Right. Indeed. Me? I don't know, honestly. I just have a plan to get a little place in Florida. Rent it out. Stay most of my days there. Get whatever's needed. And, yeah, just enjoy myself. My plan? I'd spend a lot of money on houses. Like, I don't mean just for me. I'd probably buy, like... But that's what you're not supposed to do. I'd probably buy, like, three to four houses and rent them out. That's passive income, right? Yeah, rent them out. That's coming right back to me, too. Maybe buy, like, a small business. Have somebody run it for me. Yeah. I'd become an investor by saying I wouldn't retire. Yeah. Screw up daddy. Yeah. Insurance in there. Yeah. That's what I think. Yeah. All right. So, moral of the story? We are smart with our money. Okay, well, we're thinking smart with our money. We don't know if we actually are. That's true, too. So you get $100,000 on your bank account. Yeah. What would you ask? Like, I feel like $100,000,000... I feel like I would just be able to buy a bunch of stuff. Well, I wouldn't have to go to school to get it. I know, like, I know what I'm going to get. But I just got to get it. So you got $100,000,000 in your bank. I'd probably wake up with a car. Probably. Yeah, I'd buy a car, honestly. I'd buy a car. I'd buy a car. Yeah, I'd buy a car. A new set of skis. Yeah. I'd buy a car. I would buy everything in my Amazon cart. I'd buy anything I've been wanting to buy. You know what I mean? No limits. Yeah. What was school? I don't know. Yeah, I wouldn't have gone to school. No, she's going to a cottage in Sudbury. I would just stay at school online. I do have super numbers. I pay my teacher. Huge. I pay my teacher. Yeah, it depends. When I was given Esposada. I think, I think, I think. When I was given Esposada, I think I got it. A house in Florida and a house in Sudbury. Cottage. Cottage. There's better places in Sudbury though. I know, but it's not a bad place. It's a pretty bad place. I mean, I already got one up there and it's pretty nice, so. Yeah. That's perfect. Hey. Alright. Well, thank you everybody for listening. How long has it been? What would you do? Thank you. Oh, wait, wait, I need the extra song. Thank you everyone for listening to our podcast.