What I'd do with a $20 million lottery win

Note: I will be starting college again March 1st.  I will be attending Western Governors University.  I originally wrote this for a scholarship from Yakezie.com to help pay for college. but was about 3 hours late turning it in.  I think I did a pretty good job so I figured I’d post it here.

I believe that if I would to win a $20 million dollar lottery, while portions of my life would change, overall, my life wouldn’t change very much.  Upon winning the lottery, I would immediately call my dear sweet wife.  She is a stay at home mom to our three beautiful children.  My wife and I would go out to dinner so we could discuss our financial plan.  The next day, I would write a check and pay off the mortgage.    I would also write a check to my Church for 10% of the winnings.  Of course, the government would also take 30-40% in taxes.  This would leave me with about $10 million dollars. I would take the money and divide it up into various bank accounts so that no one bank was above the FDIC coverage limit (I have had several banks that I have dealt with fail).   I would tell my family, but I don’t think I would tell many, if any, other people.  There just isn’t a smart reason to tell non-family members.  They would either think I’m bragging, or want to borrow money from me.   I do think I would take a weeks’ vacation from work and go on a nice trip with my family.  When we got back (or perhaps before we go), I would setup trust accounts for each of my 3 children for college, fully funding, with some extra, their anticipated college expenses.  I would then purchase some real estate and rent out the properties, to help bring long term income into my family.  I would talk to my parents and my wife’s parents about paying off their home mortgages, thus bringing some financial peace to them.  I would keep $5 million dollars in good growth mutual funds to allow this money to keep growing.  By having this money grow at 6%-10% annually, I would bring in at least $300,000.00 annually that we can live on without touching the remaining $5 million.

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Honoring Elder Walker

Elder Jermaine Luther Walker, a Missionary for the Church of Jesus Christ of Latter-day Saints, had been serving in Kingston, Jamaica, which is also his home town.  He has been released from his mortal mission early and returning home to that God who gave him life.  He was a valiant solider in the battle of souls.  He will be missed by his family and friends.

For more information, visit DesertNews.com

Mr. Right and Mrs. Wrong

I had told Amanda something was going to happen, but she didn’t believe my warning. Later, she acknowledged I was right. I got her to admit that I am ALWAYS right, after which she called me Mr. Right. Mikey looked at Amanda and said “Hello, Mrs. Wrong”. We all laughed.

The trouble with regulations

I recently watched Max Borders’ video on regulation (watch it at http://www.youtube.com/watch?v=_gIGpzoZxuA). I completely agree with Mr. Borders’ stance. I was a small business owner who provided computer repair services in Las Vegas. It was almost mind numbing to start up and maintain this business. I had to register (and pay fees) with the State, with the county and with the city. I was operating this business out of my house, so I also had to get permission from the fire department. I was trying to do work with some larger corporations and every few years they would come out with new requirements for me to follow in order to do business with them. These business licenses and regulations, as well as corporate requirements, cost me thousands of dollars a year before I could even start making money. It was discouraging and, at times, caused me to not want to grow my business. I did hire a few employees when my business grew, but there were regulations (with their own compliance costs) to deal with for having people work for me. Ultimately, I decided it was not worth the cost of compliance and regulations of having employees and stopped hiring them. When employees stopped working for me I did not replace them and I got to the point of having no employees. I eventually sold this business and am now working for someone else, instead of myself.

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My Testimony

I’d like to take a moment now at the beginning of the year to share with you my testimony of Jesus Christ.

I know that God lives.  He loves me and He loves you.  He loves us so much that He sent His Son, the Lord Jesus Christ to earth.  He came not because He had to, but because He wanted to.  Christ wanted to come, to save us from our sins.  Because of the atonement of Jesus Christ, I can be forgiven of my sins.  All I have to do is ask Him.  He does require us to do as He says, but He also knows that we will mess up.  As long as I keep trying, He will forgive me and allow me back into His presence.  I know that because of His atonement, all mankind will be resurrected.   I am among the weakest of His servants, but I so proud that He has trusted me enough to allow me to hold  His priesthood, so that I can be His servant and exercise His priesthood power.  I am so lucky to have such a wonderful and beautiful wife.  By following the Lord’s commandments, I know that I will be able to be with my dear Amanda for all eternity.  I am so happy, yet humbled that He intrusted me with my 3 beautiful children, for before they were my children, they were God’s and I know that He has not given up His parenteral rights to them.  I strive everyday to be a father worthy of these children and to strive to live up to His example.

These things I write in the Holy Name of He who saves all mankind, Jesus Christ, Amen.

Dave Barry’s 2010 Year in Review

by Dave Barry
Published: January 1, 2011 at MiamiHerald.com

Let’s put things into perspective: 2010 was not the worst year ever. There have been MUCH worse years. For example, toward the end of the Cretaceous Period, the Earth was struck by an asteroid that wiped out 75 percent of all the species on the planet. Can we honestly say that we had a worse year than those species did? Yes we can, because they were not exposed to Jersey Shore.

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New Years Resolutions

Good bye 2010.  You were an interesting year.  The best thing that happened during 2010 was the birth of my beautiful princess, Hannah.

Welcome 2011.  I wonder what you have in store for me this year.  I have been (other than the last couple weeks of December) pretty good the last couple of months of exercising more.  I’m planning on continuing that this year and would like to lose 25-pounds this year.  I studied and passed Comptia’s Security+ exam during December.  I applied last night for Western Governors University and want to work on getting my Bachelors of Information Technology this year.  I want to clean up my garage so I can park a car in it again.  I want to use my Frontsight classes that I purchased a few months ago.

I’m sure there are other things I’d like to do this year, but here’s a good start!