If I won the lottery.

I have a confession to make.

I am a gambler.

I spend $AUD18 a week buying Lotto, Powerball and lottery tickets. Every week, when I go to the newsagent to check my tickets, I have that little knot of hope sitting in my belly. Maybe this time?

The $18 per week is the sum total of my gambling vice. I figure I can afford it and it’s a bit of fun so I don’t feel too guilty.  I can justify it easily. I take a packed lunch to work every day. I don’t buy coffee every day. If I did, that would be  $19 per week for the coffee alone! See! The lottery tickets are a bargain!

I have, of course, spent more than I have won. My daughter tells me I buy lottery tickets because of my working class background. Apparently, rich people don’t buy lottery tickets. They gamble in more respectable ways like the stock market or horse racing.

I don’t want to win a lot. $3 or 4 million would be plenty! I certainly don’t want to win one of those super Powerball prizes of $30 million or more! Of course, if I did, I wouldn’t be handing it back, but I don’t need it.

I don’t want to live an extravagant life. You know from my previous blog posts that I try not to be a thoughtless consumer. I just want to be able to quit the day job so I can write, travel and take photos!

I don’t want a buy a mansion with a pool or a pool room for that matter. I don’t want a Maserati. I don’t want to fly first class.  (Hang on a minute, maybe that’s one thing I do want!)

I want to win just enough to pay off my current mortgage, buy a small investment property that I could rent out as a source of reliable income and then have enough spending money leftover for a relatively comfortable and creative life. That’s not too much to ask, is it?

a handwritten note calcualtedhow much I need to win in the lottery.
How much do you need?

Let’s see: with the mortgage out of the way and keeping my living standard at its current level; with a life expectancy of 30 more years, allowing for two overseas trips per year, a new car in 10 years, and a bit of a contingency fund for new appliances and furniture when the current ones wear out or break – how much do I need? A few calculations later and not allowing for inflation or interest earned, I figure I need $2.8 million. Therefore,  $3-4 million is an appropriate goal.

I just need to win!

EASY!

 

Don’t worry, IF I did win the big one, I have it all worked out. I will buy a number of properties that I would rent to lower income families for a very moderate rate. These people would be strugglers. The people Australians call “Battlers”. Honest, hardworking folk who are being left behind in this current housing market.  There would be a catch to their lower rent, however. They would need to agree to volunteer for a community organisation for a negotiated number of hours per week. The time would be dependent on their other responsibilities but they would need to have a regular commitment to being a volunteer. They would do good. They would feel good.  I would feel good! I would need to hire some people to make this happen because I would be too busy writing, travelling and taking photos!

…. and I’d take my mum on a cruise! A long one!

A row of deck chairs. I am lying on one of them
Welcome Cruislings

Fingers crossed!

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