How would you answer this question in your Personal Fit interview? Receive feedback on your answer and browse through the Q&As to review the approaches of other applicants and experts.
How would you answer this question in your Personal Fit interview? Receive feedback on your answer and browse through the Q&As to review the approaches of other applicants and experts.
Here is your chance to demonstrate your business acumen – because winning a lottery is nothing else than getting cash, which opens up lots of business opportunities. So you could:
Hope this helps!
Best,
Daniel
Hello!
On top of the insights already shared in the post, the "Integrated FIT guide for MBB" has been recently published in PrepLounge´s shop (https://www.preplounge.com/en/shop/tests-2/integrated-fit-guide-for-mbb-34), adressing topics precisely as your question.
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Motivational questions > https://www.preplounge.com/en/management-consulting-cases/fit-interview/intermediate/motivational-questions-fit-interview-preparation-201
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Eine Weltreise machen
Thinking carefully about what to do with the money. It is known that lottery millionaires are poorer afterwards than before. Therefore, think well and then act!
First and foremost, I would make sure my family is taken care of. Housing is a big issue in Israel and if I could make sure all my family members and myself have houses, it would be very meaningful to me. Second, I would invest in a company I believe in and think can make an impact on the world. Third, I would use that money to pay for a masters degree in one of the top schools in the US or Europe.
40% invest on the financial market which I have been done since 10 years, in order to generate more profit. I trust this will strength my financial portfolio;
40% invest on family business. My partner owns a start up company focus on wine industry and she is dreaming to expand her wine shops by opening more shops in tier 1 mega cities. This will be great opp for her to take further step in her adventure;
20% will be spent on family trips. We had plans to visit different country at least one per year, to have different horizons on the world. With this cash, we may be able to increase the number of countries as we initially planned;
If I won the lottery and I assume it is a substantial amount of money, I would split the prize into 3 categories of spent:
1. Create long-term investment portfolio (bonds, stocks)
2. Invest in real-estate
3. Spend on travel
I would invest it. Then take a part of it to go on a nice vacation. Maybe move to a nicer flat, in a nice district closer to my workplace. Maybe I would even buy that flat.
Travel the world
(edited)
I will buy a home in LA, few cars like lambagoni and smart watches.
This is not the first question asked. In reality, many people have different answers. For me, when I win the lottery I won't tell anyone. Silently buy and invite family and friends to eat, then take a small , play getting over it and accumulate some money for savings.
I will start my own business
be happy plan how to use the money investment some spend some and donate some. if I love my job I would satay otherwise I would quit
I would think of all the things I have always wanted to do if I had money, then prioritize those things, then assign budget for each and track
Start my own country.