Singapore Toto recently had two multi-million dollar lottery draws. One of them saw a single winner of S$9.5mln. Just last Friday, yet another two persons shared S$13.9mln. While it is “miniscule” compared to the lotteries in Europe and the US, the winners here take it all. No “annuity” draw down of the win.
Obviously we were not the winners, otherwise would not be spending time blog posting.
The thought here is not about not winning the vast amount of money, rather what amount of traveling one can do with it! So let’s scenario make:
- Suppose it takes ~S$5000/person to have a reasonably luxurious 1-week long trip. And suppose also that you take a partner with you. The first winner would be able to make 950 trips. In weeks, it will be the equivalent of 18 years. This is not considering you can deposit the balance in a bank while you are on the road and earn the paltry interest, compounding some of it! But then think of the laundry that you’d need to do at the end of it all…
- And consider if you’ve won and wanted to do a round the world trip for S$50,000/person with a cruise line like Cunard. An example of a 118-day cruise costs S$41k/person for a cabin with balcony. Take a business flight to London for the balance to top up to S$50k and you can circle the globe with your partner 95 times. That would be 3,800,000km. You know it is ‘only’ 384,000km if you want to fly to the moon.
- Then there is space tourism. Real people had to sign up US$250k for a seat on a sub-orbital flight. You’d still enjoy the zero gravity and the window view is probably great (hey the guy who cleans the window had better do a good job here – no fingerprints ok). Your best bet would be Virgin Galactic, and with the money take 37 other passengers with you. Would be such a great family trip. Maybe next lunar new year?
Alternatively you could be philanthropic and donate half of the lottery winnings and still fly to the moon only 47 times (or fly a smaller party to sub-orbital space). Does Frank Sinatra’s song inspire you now to play amongst the stars and find out what spring is like on Jupiter and Mars? Happens to be one of my favourite songs.
The practical ones will probably take up a combination of the three scenario options, come back to do the laundry and off again. I guess I’d do that too. And I’d still need to wash the toilet every Friday. So, this is NOT a bad way to live for the next 15-18 years! Why worrywart over how to invest the money. You know there is no way to bring it along with you when you expire.
So why not do some good while starting a long journey? I’d look forward to advising these three individuals. Pity they do not publish the names of the winners here. Unlike elsewhere, where it seems telling the world you have won a lot of money is a sport.