Millionaire Mindset: What would you do if you won the lottery?

The question is often posed by psychologists, educators and people who are simply curious.

I, however am posing the same question from a financial point of view.

They often say most people who actually do win a few million dollars from the lottery, lose all the money within a year and end up in a worse situation than before.

You might be thinking ‘yes, but I wouldn’t be so silly, I would keep it all, I would get proper advice and buy the right things.’

The question is: why aren’t you doing that now? What’s stopping you from getting yourself financially organised and savvy today?

If you win the lottery or get an unexpected inheritance wouldn’t now be a good time to be organised. Is there anything wrong with adopting a millionaire mindset now?

Even if you don’t win lotto or an inheritance, maybe once your mindset changes, you’ll think of a way to make a huge amount of money. Maybe you’ll think about all the things you’d do and want, and realise you have them already or could buy them for a lot less than a million dollars. So, in one sense you win the lottery today anyway — without even buying a ticket!


Why not imagine you’ve won the lottery and think about all the ways you could organise your wealth. You will still have to plan and budget, still learn more about money, still think about all the things you really want. Write them down. Implement a plan of firstly all your goals and dreams and then how you are going to achieve them all.


On a micro-scale you can start now anyway. If you’re in debt, still budget but plan to pay off your debts and once they are gone, plan to start a savings and investment program for the same amount. The same system you would use to budget if you had millions you can do on a smaller scale now.

Learning Program/ Team
Start now learning more about money and how to manage it. Also work out who you would have on your financial advice team if you were richer and follow what they do and see if you can understand more about how they work.

Millionaire Mindset- Decide you are wealthy
Change your mindset now and the money will follow. After interviewing several billionaires the one thing from them about wealth that I learned was that they made a decision that they were already wealthy, and THEN the money flowed — not the other way around. This was the only commonality between them; their mindset.

The best thing about changing your mind is that you can do it today for free; the decision is yours.

YOUR SAY: What would you do if you DID win the lottery? Tell us below!


About Virginia Graham

Virginia Graham manages Model Mortgages, and is a qualified financial planner. She is regularly consulted by the Austereo MMM radio network on interest rates and has appeared on Channel Seven news and current affairs programs as well as more recently the Ch 9 Today show. Virginia previously worked for ANZ Bank’s Treasury department as an interest rate dealer and for stockbroking firm Salomon Smith Barney. She has a bachelor of commerce majoring in finance, banking and business economics. Earlier in her career, Virginia was a fashion model in New York, and has appeared on the cover of several fashion magazines, including Australian Vogue. She wrote a book Flirting With finance and is a regular contributor to Woman’s weekly online and hosted a series of finance videos for the Sydney Morning Herald and the Age.

19 comments on “Millionaire Mindset: What would you do if you won the lottery?

  1. Britanica
    December 16, 2016 at 1:09 pm

    I often picture what it would be like if I won the lottery. Most of the time, I seem myself surprising people I care about with things they could use. Such as buying my parents new cars and paying off their debts or buying a lovely home for my husband and I, instead of having to pay rent in a small studio. I never really knew how to decide i was wealthy because I grew up with parents who always complained about being broke or poor thought they both owned a home, were able to pay bills, and always had food on the table. I never understood it… But this make sense. Feel and act rich with what you already have, you will begin to be more thankful, and soon things will look up.

  2. James
    December 17, 2016 at 6:30 pm

    Individuals bring this up again and again. In any case, this isn’t about that. It’s a place to envision. Nobody genuinely believes that they could purchase so much stuff on the off chance that they win the lottery, yet why might you one cut off his or her psyche am certain there is better arrangement or venture one can do with the money, thanks for the understanding thumbs up.

  3. Gray
    December 17, 2016 at 6:35 pm

    from my particular end, I will purchase a house, however, come to consider it, I don’t think I’d even buy a house, I’d invest so much energy voyaging I wouldn’t have room schedule-wise to lounge around in some “house” I’d just prepare a home when I’m to settle down with a family and, after its all said and done, it would essentially be a 3 bed 2 shower in some rural territory.

  4. Michael
    December 17, 2016 at 6:37 pm

    I had a companion win a million dollars in an M&G lottery.. He paid the expenses, yet pissed away $300,,000 on family, a recording studio, and contributed nothing. He now works in IT Firm.

  5. Jenny
    December 17, 2016 at 6:39 pm

    “If I won a lottery, I’d purchase a great farm in Sonoma, California. I’d then go to the most significant part of the high-execute shields in the nation and safeguard creatures and house them on my farm. I’d employ a committed staff to nurture them and offer selection administrations.

  6. Brandy
    December 17, 2016 at 6:41 pm

    I laughed out loud when one individual said the main thing you ought to do is to call all your family and companions and request that obtain $800 from them before they hear you won the lottery. That way they are screwed when they request that get cash from you, you let them know a similar thing they said when you claimed that acquire money from them, “No.”

  7. Carrick
    December 17, 2016 at 6:45 pm

    What you purchase a lottery ticket is the impermanent hallucination of vast potential outcomes. What’s more, bunches of individuals will pay a dollar for that. I’ve periodically done it myself.Get an attorney and bookkeeper. Until you have those, you’re a nudist in a mosquito state.

  8. Emery
    December 17, 2016 at 8:13 pm

    I will utilize it to make more opening for work like opening up a pastry shop where young people can be money related autonomous.

  9. Paschal
    December 17, 2016 at 8:15 pm

    Contingent upon where I hit the lottery big stake in this range, odds are I’d never need to stress over cash again anytime my life the length of I didn’t settle on any significantly stupid choices.

  10. Emma
    December 17, 2016 at 8:26 pm

    This looks more like a diversion, no issues up to this point remarks, on me; I’d purchase an around the globe plane ticket so I can go to each nation I haven’t been yet.

  11. frank
    December 17, 2016 at 8:32 pm

    No chance, I would be wise to overwhelm everything then do so much stuff. On the other hand give everything to philanthropy, or smolder it, or whatever anything besides this. Simple come and simple go that is the way.

  12. Smith
    December 17, 2016 at 8:34 pm

    I have an arrangement for what to do with my sudden flood of riches when I get it; the issue is that I can just make sense of what to do with $1.5-2 million. I figure that and the way that I will more likely than not never get an incredible bonus are complimentary issues.

  13. williams
    December 17, 2016 at 8:38 pm

    If won the lottery I would assuredly pay for school fees for myself. I would likely review science as nature’s conspiracy has continually created my interest. The quick physiology of even the most straightforward animal is shocking. A direct bug has numerous stories to recount it’s parentage, inceptions, living space and then some! This is coming from my own perspective as the writer have to ask.

  14. Lopez
    December 17, 2016 at 8:43 pm

    I could ensure my family is very much tended to. I would settle all obligations and ensure they have enough cash to experience whatever is left of their lives in simplicity. I would pay for nourishment, bills, instruction and indulgent civilities for everybody. My granddad would get a housekeeper that he’s constantly needed. My mom that shop that offers things of caprice. My father that twenty-thousand dollar telescope he’s raved about. Everything will be paid for!

  15. Jackson
    December 17, 2016 at 8:50 pm

    Expecting I have a decent legal counselor that has set up a company to acknowledge the cash, I as of now have an arrangement for any idiotic exposure things I’d need to do. Will wear loose garments a few sizes too huge. Will cushion my body under my garments. Wig, the silly measure of cosmetics, insane stage heels (which nobody will even have the capacity to see under the clothes), and some large sunglasses.Not to specify that I’d crush the greater part of my web-based social networking.

  16. Lee
    December 17, 2016 at 8:52 pm

    If I won the lottery (a major one), I would do the accompanying:
    1. pay off every current bill and advances.
    2. give half of it away to family, companions and beneficent associations.
    3. do some voyaging, have a fabulous time.

  17. Clark
    December 17, 2016 at 8:54 pm

    Everything relies on upon the sum.
    Hundreds? Go looking for family things and attire.
    Thousands? I would pay off my auto credit.
    Many thousands? I would revamp my home. Also, provide for philanthropy.
    Millions? I would assemble my fantasy house and assist my family monetarily. What’s more, liberally provide for philanthropy.

  18. walker
    December 17, 2016 at 8:54 pm

    Make a little part of the world an excellent place, Mindy. I would share the riches.

  19. Thompson
    December 17, 2016 at 8:56 pm

    It depends on my financial status at that moment, for me, I will use it and do the things I have long for like traveling around the world .2) I will use it and invest in any business that will profit me more like agriculture is a bad idea. 3) helping the people around me is a good option because when they are happy you’re happy too

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