It’s a fantasy that many of us Canadians share: waltzing into work one day, with our newly cashed cheque for over $100 million, and telling our boss that we’re going to quit – not because we don’t like our job, necessarily, but because we want to travel the world and experience some new adventures. That’s the magic of Powerball: that with the luck of the draw (or a good hard look at the number trends, and some savvy choosing) you can be packed up and on your way to tropics in no time.
Powerball had been, for a long time, only something that Americans partook in, but Canadians can get in on the action now too, and you can learn about playing the Powerball lottery in Canada online, doing away with the need for physical tickets. Once you’ve set yourself up, and picked six of your luckiest numbers, you can kick back and dream about the trip you’ll take when you scoop up the jackpot, which, by the way, is the biggest in the world. This blog will look at what you need to do once you’ve won, in order to quit your job and hit the beach, and will offer a few choice places to consider.
When you first win your jackpot, what you’ll want to do is hire a financial planner, a lawyer and an accountant, each unaffiliated with the other to ensure that they work independently and for you. These people will be able to offer you sound counsel on income tax issues and what tax opportunities are available to you with your new money. Your financial planner will be able to put together an investment portfolio with you to ensure that your money keeps growing, and that you have lucrative stocks that offset the cost of annual taxes. With these precautionary measures in place to make sure that your cache of wealth doesn’t get eaten up before you can enjoy it, and to make sure you’re set for life and not just for the next couple decades, you’re on your way!
The stereotype vacation destination is a palm-fringed beach somewhere where you can sip daiquiris out of a coconut and lounge on the fine white sand all day. For that, there’s still no better destination than Hawaii, with its Waikiki Beach a literal paradise on earth, complete with emerald blue waters and luxury hotels. With the kind of money you have, you’ll be able to stay at the Hilton or Royal Hawaiian penthouse suite, overlooking the Pacific Ocean, and eat lobster or steak every night if you wish. This is definitely the kind of ritzy vacation befitting a multi-millionaire.
Or, if you’d like to trade natural beauty for culture, take a trip to Paris, stay at the Four Seasons Hotel George V, and for a mere $1800 a night (pocket change to a multi-millionaire) stay on the historic Champs-Elysees and spend the day lounging at the spa. At night, you can wander to the Eiffel Tower, and check out the surrounding neighborhoods for some fine French food.
But, really, there’s no need to decide between Hawaii and Paris, because you can easily do both, and much more. With Powerball now available in Canada, all you have to do is pick the right numbers, invest your jackpot wisely, and live the rest of your days in bliss, travelling from place to exotic place – or, if you prefer, just staying right at home!
