1 00:00:07,173 --> 00:00:10,493 Speaker 1: You're listening to the Saturday Morning with Jack Teams podcast 2 00:00:10,613 --> 00:00:11,493 Speaker 1: from News Talks. 3 00:00:11,493 --> 00:00:15,253 Speaker 2: A'd be let me ask you this, how much wealth 4 00:00:15,893 --> 00:00:20,373 Speaker 2: do you reckon? Is just the right amount of wealth? 5 00:00:21,493 --> 00:00:25,653 Speaker 2: How rich is too rich? It's funny. I had a 6 00:00:26,173 --> 00:00:29,253 Speaker 2: like a successful businessman friend of mine tell me once 7 00:00:29,573 --> 00:00:33,973 Speaker 2: that the Goldilocks zone for wealth is a mortgage free 8 00:00:34,013 --> 00:00:37,333 Speaker 2: home and then five to ten million dollars in the bank, 9 00:00:37,453 --> 00:00:40,493 Speaker 2: no more any more than that. He reckoned. And you 10 00:00:40,533 --> 00:00:45,293 Speaker 2: can't trust people, not even your family. But I don't know. 11 00:00:46,613 --> 00:00:49,613 Speaker 2: Maybe this is me just exposing myself as a bit 12 00:00:49,613 --> 00:00:53,093 Speaker 2: of a grubby money lover. But I reckon I could 13 00:00:53,093 --> 00:00:57,413 Speaker 2: do fifty million. You see, the first step in winning 14 00:00:57,453 --> 00:01:00,733 Speaker 2: Powerball would be the hardest, but I reckon arguably the 15 00:01:00,733 --> 00:01:04,213 Speaker 2: most important. You would have to decide who to tell. 16 00:01:05,373 --> 00:01:08,493 Speaker 2: I think it's just inconceivable that you could win fifty 17 00:01:08,533 --> 00:01:11,373 Speaker 2: million dollars and they're not tell anyone. You would have 18 00:01:11,453 --> 00:01:14,733 Speaker 2: to tell someone, But tell too many people and you 19 00:01:14,773 --> 00:01:18,253 Speaker 2: would ruin your life, right, So who to tell? Well, 20 00:01:18,253 --> 00:01:21,013 Speaker 2: if it were me, I'd go mom and dad, the 21 00:01:21,093 --> 00:01:24,533 Speaker 2: parents in law, siblings as well. I trust them, of course, 22 00:01:24,573 --> 00:01:28,373 Speaker 2: But already that pool of people is getting kind of big. 23 00:01:29,053 --> 00:01:32,173 Speaker 2: Maybe the rule should be that you only tell people 24 00:01:32,173 --> 00:01:34,493 Speaker 2: with whom you're willing to share some of your winnings. 25 00:01:34,573 --> 00:01:36,613 Speaker 2: And maybe the rule with family is that you pay 26 00:01:36,653 --> 00:01:41,573 Speaker 2: off everyone's mortgage, and then that's that. Personally, I'm not 27 00:01:41,653 --> 00:01:47,893 Speaker 2: a big splurger, but I might be tempted to buy 28 00:01:47,973 --> 00:01:50,653 Speaker 2: a couple of little bits and pieces. As much as 29 00:01:50,693 --> 00:01:53,733 Speaker 2: I love the Corolla, I would probably shout out for 30 00:01:53,813 --> 00:01:58,453 Speaker 2: a new car, nothing crazy, nothing ostentatious. I couldn't. I 31 00:01:58,493 --> 00:02:03,573 Speaker 2: absolutely could never show my face driving a Ferrari in public. 32 00:02:03,733 --> 00:02:05,973 Speaker 2: Oh my god, I would just be so embarrassed. But 33 00:02:06,373 --> 00:02:12,333 Speaker 2: maybe something a bit newer, something that isn't thirteen years old, 34 00:02:12,373 --> 00:02:16,533 Speaker 2: something with a few more earbags, cruise control. Maybe I'd 35 00:02:16,573 --> 00:02:20,093 Speaker 2: pay off my mortgage, and I would probably splurge on 36 00:02:20,613 --> 00:02:23,373 Speaker 2: Central Air. But for now, at least I would keep 37 00:02:23,373 --> 00:02:26,453 Speaker 2: our family home, at least until the trees go back. Right. 38 00:02:27,533 --> 00:02:31,773 Speaker 2: But as well as our home, I've always dreamed of 39 00:02:31,813 --> 00:02:35,973 Speaker 2: a retreat somewhere, like a house or a batch, somewhere 40 00:02:36,053 --> 00:02:39,653 Speaker 2: kind of remote. Again, nothing ostentatious, but a place that's 41 00:02:40,213 --> 00:02:44,493 Speaker 2: buried in native bush, on a pristine beach somewhere. Ideally 42 00:02:44,573 --> 00:02:47,493 Speaker 2: it's a surf beach. Then I would wake each morning 43 00:02:47,973 --> 00:02:52,493 Speaker 2: to the sound of native birds in between the crashing waves. 44 00:02:53,493 --> 00:02:55,893 Speaker 2: I don't think I could win that kind of money 45 00:02:56,013 --> 00:02:59,173 Speaker 2: and not give a big slab of it away. And 46 00:02:59,213 --> 00:03:02,373 Speaker 2: you want to be really thoughtful about choosing charities and causes. 47 00:03:02,413 --> 00:03:04,293 Speaker 2: That would be difficult, But I reckon the way to 48 00:03:04,293 --> 00:03:06,813 Speaker 2: do it would be to give some big slab, so 49 00:03:06,973 --> 00:03:09,293 Speaker 2: like a few million dollars a pop to a couple 50 00:03:09,373 --> 00:03:13,013 Speaker 2: of charities or causes, and then some smaller parcels of 51 00:03:13,053 --> 00:03:15,853 Speaker 2: donations one hundred thousand dollars each to a whole heap. 52 00:03:16,813 --> 00:03:21,213 Speaker 2: Would I work? Ah, look easy to say it now, 53 00:03:21,253 --> 00:03:23,613 Speaker 2: but yeah, I think I would. I love my job. 54 00:03:24,613 --> 00:03:30,053 Speaker 2: That being said, Remember Trevor, that guy who was working 55 00:03:30,093 --> 00:03:32,813 Speaker 2: as a checkout operator at a supermarket in Huntley who 56 00:03:32,853 --> 00:03:36,893 Speaker 2: won like twenty seven million dollars. Remember that, after initially 57 00:03:36,973 --> 00:03:43,573 Speaker 2: insisting he would be back at work, he decided, Yeah, nah, 58 00:03:43,773 --> 00:03:45,973 Speaker 2: maybe I would be the same. I just I don't 59 00:03:46,173 --> 00:03:49,213 Speaker 2: think you can say with certainty until you know with certainty. 60 00:03:49,533 --> 00:03:51,653 Speaker 2: Maybe I'll just do this show. Maybe I just do 61 00:03:51,733 --> 00:03:54,853 Speaker 2: this show and lose the Monday to Friday. I would 62 00:03:54,853 --> 00:03:57,493 Speaker 2: love to travel more. I would love to read more. 63 00:03:57,853 --> 00:04:01,493 Speaker 2: I would love to really spend some time learning languages. 64 00:04:01,813 --> 00:04:04,893 Speaker 2: I would love to use a fifty million dollar windfall 65 00:04:05,173 --> 00:04:09,053 Speaker 2: to buy time as much as I could. But I mean, 66 00:04:10,253 --> 00:04:14,333 Speaker 2: all of this is hypothetical because I haven't actually bought 67 00:04:14,333 --> 00:04:17,653 Speaker 2: a lotto ticket. I never have. I've never bought a 68 00:04:17,653 --> 00:04:20,213 Speaker 2: lotto ticket. I wouldn't even know what to do. Well, 69 00:04:20,333 --> 00:04:22,573 Speaker 2: is it do you call it a triple dip these days? 70 00:04:22,693 --> 00:04:25,813 Speaker 2: Is that a thing? A triple dip? I wouldn't know 71 00:04:25,853 --> 00:04:27,253 Speaker 2: what to ask when I got to the front of 72 00:04:27,293 --> 00:04:31,933 Speaker 2: the line. Perhaps I'm just too rational, too emotionless and rational. 73 00:04:32,373 --> 00:04:35,333 Speaker 2: Even as I watched the jackpot roll over onto fifty 74 00:04:35,373 --> 00:04:38,853 Speaker 2: million dollars this week, the equal highest ever in New Zealand, 75 00:04:39,213 --> 00:04:43,253 Speaker 2: I couldn't help but think, well, a record draw means 76 00:04:43,253 --> 00:04:46,773 Speaker 2: that there'll probably be record numbers of people buying lotto tickets. 77 00:04:46,933 --> 00:04:51,293 Speaker 2: Record numbers of people buying lotto tickets probably actually reduces 78 00:04:51,333 --> 00:04:55,013 Speaker 2: my chances that much more of winning fifty million dollars 79 00:04:55,053 --> 00:05:00,653 Speaker 2: all to myself. Statistically speaking, the chances of having Powerball 80 00:05:00,773 --> 00:05:04,853 Speaker 2: by yourself, you and you alone, are actually becoming even slimmer, 81 00:05:04,933 --> 00:05:07,693 Speaker 2: aren't they. I get it, though, Look, I get it. 82 00:05:07,733 --> 00:05:10,333 Speaker 2: I get it why people have a punt. Buying a 83 00:05:10,373 --> 00:05:14,093 Speaker 2: lotto ticket isn't so much a ticket to win fifty 84 00:05:14,133 --> 00:05:19,653 Speaker 2: million dollars. It's a ticket to dream. This morning, though, 85 00:05:20,133 --> 00:05:21,773 Speaker 2: I reckon I've done that for free. 86 00:05:22,613 --> 00:05:25,693 Speaker 1: For more from Saturday Morning with Jack Tame, listen live 87 00:05:25,773 --> 00:05:28,613 Speaker 1: to News Talks d B from nine am Saturday, or 88 00:05:28,693 --> 00:05:30,533 Speaker 1: follow the podcast on iHeartRadio