If I won the lottery, I would put 80% of the amount in my 🏦 savings deposit & use the remaining 20% to travel the world.
Why Savings Deposit you ask? Why not stocks?? Well, I’m quite risk averse. The max I can venture is a Fixed Deposit (FD). FDs don’t have very high interest %ages but at least they’re secure & that gives me peace of mind.
Over the last few years, I’ve dabbled with Mutual Funds (MFs) at N’s insistence but I don’t really understand them & given they’re linked to the stock market, they’re subject to risk too.
Yes, I’m quite financially illiterate. & yes, I’m risk averse. & yes, I’m not somebody who throws away money either.
20% to travel the 🌎 may sound too little but I’m not someone who can travel continuously. I need to come 🏡 in between. I need to 👀 my loved ones in between. I need to lie down on my own 🛌 in between.
Now, the biggest question is, if I’m risk averse, will I even participate in a lottery? 🤦🏻♂️
What would you do if you won the lottery?
