Some of y'all aren't good with numbers I'm guessing... $100mil is a stupid amount of money... I wouldn't be worried about blowing it... If I did, I promise it would be worth it...
Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
- Thread starter drypowder
- Start date
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If I won it when I was 20, I would be one of those third, lol.
But, now, I feel confident I am not healthy enough to outlast the money.
But, now, I feel confident I am not healthy enough to outlast the money.
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I've got the same question as @noway2. You're going to work 40 more years after you win the lottery? I'm not going to work for 40 years even if I don't win the lottery.
You're going to get IVF along with your wife? Show of solidarity or something?
I would still work, but doing something fun, like manning the counter at a gym or a fishing pier just to fill time.
I would keep working, if only because I knew it would p*ss off so many of the people I work with to know I won the mega-millions and STILL go to work.
People get p*ssed off at the stupidest things. Great entertainment.
People get p*ssed off at the stupidest things. Great entertainment.
I’m 30. I have a family business that needs to be ran. It’s was started by my Dad. Will be passed down to me. So I’ll still be working. In some capacity. Hoping not to be pulling 60 hour weeks with having few people I trust to run it.
Wife has serve endometriosis. Yes we, there are medications the man takes before giving his donation to later be planted in the woman. Our chances of naturally getting pregnant is less than 5%. There is another procedure that’s 5-6k that’s like IVF but the incubation step is done by using the woman’s uterus vs a lab. I’m not a gambling man and 18-22k for a “if” is huge amount of money. We can do 2 of the cheaper version of the IVF (success rate is on par with conventional IVf)
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My bad...it's Monday. Worst day of the week for me.
Similar to @RetiredUSNChief , if I ever won the lottery, I'd first have a Trust claim it to limit my legal exposure to the inevitable future lawsuits for who knows what, then split it up into 4-5 different investments with 2-3 different financial managers, and I would live off of ONLY the interest income. Additionally, I would put 10% of it in a trust fund that even I couldn't touch for 10yr+ just in case. I would also probably take like 3-5 million as initial splurge money to include buying a home/land, god knows how many guns, and take care of those closest to me!
However, none of this matters because the lottery is a tax on those who suck at math and I don't play. I still dream from time to time about "what if...".
However, none of this matters because the lottery is a tax on those who suck at math and I don't play. I still dream from time to time about "what if...".
Found the ARFCOM thread.
https://www.ar15.com/forums/General...-A-Practitioner-s-Guide-LONG/5-749519/?page=1
https://www.ar15.com/forums/General...-A-Practitioner-s-Guide-LONG/5-749519/?page=1
Never bought a ticket, seems to be just another tax on poor folks. But if I did, they could kiss my ass as I walked out the door!
>If< I ever played and >if< I ever won the stupid amount of money lotteries I would certainly continue to work for the rest of my life. The difference is, I would work doing what >I< wanted.
Some careers I want:
Private ammo tester
Cookie Competition Manager
"Big Al's Animal House" pet rescue center
"Burgers and Bullets" restaurant...shootin out back, burgers up front. No tables, just lounge chairs. Kids under 16 shoot free, a free drink with every bullseye. You hit the 1,000 yard target on the first try and you eat for free.
Professional baby snuggler at the hospital (this is a real thing, check it out)
In truth, I would be bankrupt within a few years. So, I would probably drop some in accounts for the kids to protect it from myself, and then I would enjoy the rest. Im the kinda guy who would be like "Oh, Jarek is sick? Ill take all of his stock then." or "Oh, the church needs a new roof? Ill just rebuild the whole thing." or "This burrito is amazing, I want the restaurant." and "You cant get off work for the BBQ? How bout I just hire you as a bodyguard." or while sitting in a restaurant "Ive had a good day, meals are on me folks!".
Some careers I want:
Private ammo tester
Cookie Competition Manager
"Big Al's Animal House" pet rescue center
"Burgers and Bullets" restaurant...shootin out back, burgers up front. No tables, just lounge chairs. Kids under 16 shoot free, a free drink with every bullseye. You hit the 1,000 yard target on the first try and you eat for free.
Professional baby snuggler at the hospital (this is a real thing, check it out)
In truth, I would be bankrupt within a few years. So, I would probably drop some in accounts for the kids to protect it from myself, and then I would enjoy the rest. Im the kinda guy who would be like "Oh, Jarek is sick? Ill take all of his stock then." or "Oh, the church needs a new roof? Ill just rebuild the whole thing." or "This burrito is amazing, I want the restaurant." and "You cant get off work for the BBQ? How bout I just hire you as a bodyguard." or while sitting in a restaurant "Ive had a good day, meals are on me folks!".
Ronsc
LIberalism is a disease..
Absolutely no question what I'd do ....
1. Purchase the house on ether side as well as the unit directly across the street ftrom my
ex-boss (offering 5x market value for each to insure a quick sale.)
2. GIFT aforementioned first two dwellings (paid in full) to the largest families of illegal alliens
I can locate.
3. Move into house number three and watch the fun!
1. Purchase the house on ether side as well as the unit directly across the street ftrom my
ex-boss (offering 5x market value for each to insure a quick sale.)
2. GIFT aforementioned first two dwellings (paid in full) to the largest families of illegal alliens
I can locate.
3. Move into house number three and watch the fun!
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Sounds like you have a story to tell...Absolutely no question what I'd do ....
1. Purchase the house on ether side as well as the unit directly across the street ftrom my
ex-boss (offering 5x market value for each to insure a quick sale.)
2. GIFT aforementioned first two dwellings (paid in full) to the largest families of illegal alliens
I can locate.
3. Move into house number three and watch the fun!
Ronsc
LIberalism is a disease..
Ya think...?
I don't need to win it big. $20,000,000 after taxes will work. $666,666.66 / year over the next 30 years to relax on will be just fine. If there's any left over for the chilluns, we'll divvy it up into thirds and let them fend for themselves.
Bless their hearts.
Bless their hearts.
As long as you earn 3% interest per year, which is a piece of cake, there would still be $20M+ left after your 30yr of withdraws. You'd have to double your annual withdraws to burn through that cash. Go play around with an annuity calculator, it's interesting (no pun intended).
https://www.bankrate.com/calculators/investing/annuity-calculator.aspx
9outof10mms
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This will be hard to do when I’m sitting at Thanksgiving dinner in a rhinestone Elvis suit.
Great read! It would seem most, if not all, still applies nearly 10 years later. I wonder how many more examples of disastrous winnings there have been since then too.
Yeah, people would know something was up with me too.
"Oh, so youre a high school history teacher...in North Carolina...thats an awfully nice 911 you got parked outside..."
I wouldnt blow all the money on cars and guns, but it'd be painfully obvious that something was up.
Heck yeah! Even with $10,000,000 to start, earning 3% and relaxing on $400,000/year, we could still leave the chilluns about $4.5M after 30 years. That's not too shabby.
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First I'd have to play.