Augie Posted October 21, 2018 Share Posted October 21, 2018 36 minutes ago, ExiledInIllinois said: Sure... But it's gonna be in Gary, Indiana. Bring protection. Funny story, but I met a guy once and we were all doing the whoile where you from, what do you do thing. He said “I’m from the arm pit do the United States”. I said “oh, Gary, Indiana”. He said “I see you’ve been there.” No I just drove through once on the way back from Notre Dame, but I was pretty sure. Great guy. 1 Link to comment Share on other sites More sharing options...
teef Posted October 21, 2018 Share Posted October 21, 2018 2 hours ago, RochesterRob said: Got to change your thinking entirely with that money. Your old life is over with and that is the mistake a lot of people make. You have to cut most of your old friends and family loose. Gated community and security people are must haves. Move away and move again within a year. I think you need a good attorney, a good accountant, and a good financial planner in place before you even accept the money. That being said, that kind of cash is almost hard to spend. It’s not like someone will walk home with 5 mill that they can blow through. It’s such a money grab it’s not funny. Link to comment Share on other sites More sharing options...
Augie Posted October 21, 2018 Share Posted October 21, 2018 (edited) 24 minutes ago, teef said: I think you need a good attorney, a good accountant, and a good financial planner in place before you even accept the money. That being said, that kind of cash is almost hard to spend. It’s not like someone will walk home with 5 mill that they can blow through. It’s such a money grab it’s not funny. I think with $5Mil you need good a good attorney, CPA and planner. With $1.6B you can get by with the drunk guy Otis from Mayberry, but NOT the average NBA player! There ARE limits. Edited October 21, 2018 by Augie 1 Link to comment Share on other sites More sharing options...
mead107 Posted October 21, 2018 Share Posted October 21, 2018 I have a friend who won on a scratch off ticket. Paid over 20 years. He has 8 or 9 years left. Clears $172,000 per year. Link to comment Share on other sites More sharing options...
Augie Posted October 21, 2018 Share Posted October 21, 2018 24 minutes ago, mead107 said: I have a friend who won on a scratch off ticket. Paid over 20 years. He has 8 or 9 years left. Clears $172,000 per year. I got a Meadcoin at a tailgate. I think that might be better, but I’m waiting to see how the market shakes out. Link to comment Share on other sites More sharing options...
RochesterRob Posted October 21, 2018 Share Posted October 21, 2018 (edited) 19 hours ago, teef said: I think you need a good attorney, a good accountant, and a good financial planner in place before you even accept the money. That being said, that kind of cash is almost hard to spend. It’s not like someone will walk home with 5 mill that they can blow through. It’s such a money grab it’s not funny. Getting good professional advice is important but you have to take your own measures to protect yourself from other people. To a lot of people once you come into that kind of money you are the lamb and they are the wolves unless you take measures to protect yourself. There was a story about some guy outside of Pittsburgh 30 years back that won several million dollars which at that times was a lot of money. The guy was noted as not being people smart and liked his cronies at his neighborhood bar. The guy was dead within a couple of years and the circumstances surrounding the death were suspicious and his friends had received a considerable amount of this guy's money in the interim. Pretty easy to spend that kind of money on serious real estate such as in NYC, Chicago, LA, etc. Edited October 21, 2018 by RochesterRob 1 Link to comment Share on other sites More sharing options...
apuszczalowski Posted October 21, 2018 Share Posted October 21, 2018 59 minutes ago, mead107 said: I have a friend who won on a scratch off ticket. Paid over 20 years. He has 8 or 9 years left. Clears $172,000 per year. I won just over $1,200 on a football pool one week like 7 years ago, bought an engagement ring with it......... Also won a couple hundred that same week on another sports ticket and bought a new BlackBerry Playbook Tablet......... I'm good at investments, lol....... Link to comment Share on other sites More sharing options...
row_33 Posted October 21, 2018 Share Posted October 21, 2018 1 hour ago, mead107 said: I have a friend who won on a scratch off ticket. Paid over 20 years. He has 8 or 9 years left. Clears $172,000 per year. The same lottery booth in town sold million dollar winning scratch tickets to my secretary and also a firm client two years apart. a friend’s uncle won several million a week after he found out he was dying soon, split most of it up to his children and nieces/nephews. 1 Link to comment Share on other sites More sharing options...
TSOL Posted October 21, 2018 Share Posted October 21, 2018 I would just build an AI powered robot army and take over everything, with that kind of scratch. Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted October 21, 2018 Author Share Posted October 21, 2018 Nobody won Saturday's Powerball either, so Wednesday's Powerball is now $620,000,000. BTW, the odds of winning both are 1 in 88,000,000,000,000,000. Link to comment Share on other sites More sharing options...
Just Jack Posted October 21, 2018 Share Posted October 21, 2018 On 10/20/2018 at 10:02 AM, joesixpack said: one point 6 billion dollars. wonder what after-tax is on the single payment A good rule of thumb is one third. So only about $500M. Link to comment Share on other sites More sharing options...
John from Riverside Posted October 21, 2018 Share Posted October 21, 2018 I buy a ticket twice a week....... I know that a shark might eat me before I actually win but...... Link to comment Share on other sites More sharing options...
stony Posted October 21, 2018 Share Posted October 21, 2018 25 minutes ago, Just Jack said: A good rule of thumb is one third. So only about $500M. In NY, lump sum net would be ~$608M Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted October 21, 2018 Share Posted October 21, 2018 I heard somewhere that if you take the annuity, they give you cost of living increases annually. No kidding. Link to comment Share on other sites More sharing options...
BuffaloBill Posted October 21, 2018 Share Posted October 21, 2018 I could survive on this, it would be tough but doable. Link to comment Share on other sites More sharing options...
Just Jack Posted October 22, 2018 Share Posted October 22, 2018 1 hour ago, BuffaloBill said: I could survive on this, it would be tough but doable. $100M for myself Parents and Mother In Law expenses taken care of for the rest of their lives. $1M for each direct relation to use as they wish (siblings, nieces, nephews, in-laws) A scholarship to my high school The rest would be donated over the years to charities, pay off people’s lawaways at Christmas, any other things I can think of. But no direct appeals to me, I will reject them. 1 hour ago, John from Riverside said: I buy a ticket twice a week....... I know that a shark might eat me before I actually win but...... I have a subscription through the NY Lottery for Lotto, Mega, and Cash4Life. PowerBall is the only one they don’t offer so I have to go to a store to get that ticket. Thankfully I can get 13 weeks of draws on one slip. Link to comment Share on other sites More sharing options...
Augie Posted October 22, 2018 Share Posted October 22, 2018 56 minutes ago, Just Jack said: $100M for myself Parents and Mother In Law expenses taken care of for the rest of their lives. $1M for each direct relation to use as they wish (siblings, nieces, nephews, in-laws) A scholarship to my high school The rest would be donated over the years to charities, pay off people’s lawaways at Christmas, any other things I can think of. But no direct appeals to me, I will reject them. I have a subscription through the NY Lottery for Lotto, Mega, and Cash4Life. PowerBall is the only one they don’t offer so I have to go to a store to get that ticket. Thankfully I can get 13 weeks of draws on one slip. No mention of Augie? I’m sure that’s just an oversight. ? 1 Link to comment Share on other sites More sharing options...
Soda Popinski Posted October 23, 2018 Share Posted October 23, 2018 how do you not take the payments? It's 40 mil a year isn't it? for 30 years? Give me that. If I can't make that much money work a year i'm not trying hard enough. 1 Link to comment Share on other sites More sharing options...
4merper4mer Posted October 23, 2018 Share Posted October 23, 2018 5 minutes ago, Soda Popinski said: how do you not take the payments? It's 40 mil a year isn't it? for 30 years? Give me that. If I can't make that much money work a year i'm not trying hard enough. You realize that subjects you to the solvency of government and the whims of the future rule makers, right? How many Mead coins can I get after taxes for this? Link to comment Share on other sites More sharing options...
Soda Popinski Posted October 23, 2018 Share Posted October 23, 2018 3 minutes ago, 4merper4mer said: You realize that subjects you to the solvency of government and the whims of the future rule makers, right? How many Mead coins can I get after taxes for this? It's fine. If you take that lump sum and put it in the bank you take the same gamble, and if you bury it in the back yard that's even worse. Link to comment Share on other sites More sharing options...
Seasons1992 Posted October 23, 2018 Share Posted October 23, 2018 I just got my ticket at the grocery store. I plan on buying my favorite childhood sports teams and turning them into winners! That's how it works, right? Be a fan, get rich, buy your team, and guaranteed success! Link to comment Share on other sites More sharing options...
4merper4mer Posted October 23, 2018 Share Posted October 23, 2018 1 minute ago, Soda Popinski said: It's fine. If you take that lump sum and put it in the bank you take the same gamble, and if you bury it in the back yard that's even worse. Right....to a degree. That's why I asked about Meadcoins. Link to comment Share on other sites More sharing options...
Soda Popinski Posted October 23, 2018 Share Posted October 23, 2018 2 minutes ago, 4merper4mer said: Right....to a degree. That's why I asked about Meadcoins. i really have no knowledge of that. Probably missing the boat on currency investment but oh well. Link to comment Share on other sites More sharing options...
CountDorkula Posted October 23, 2018 Share Posted October 23, 2018 All the drugs and "Escorts" Link to comment Share on other sites More sharing options...
Greybeard Posted October 23, 2018 Share Posted October 23, 2018 1 hour ago, Soda Popinski said: It's fine. If you take that lump sum and put it in the bank you take the same gamble, and if you bury it in the back yard that's even worse. Change it all to gold and bury it at Oak Island. I hear it is really safe there.? 1 Link to comment Share on other sites More sharing options...
shrader Posted October 23, 2018 Share Posted October 23, 2018 I only buy a ticket when the jackpots get press like this, so I have no idea how the process typically works. I stopped at a store this morning to get some breakfast and a drink, then decided to grab a ticket. Is not being allowed to use a credit card to buy that a policy from the lottery or from the credit company itself? I can see the credit company not wanting to get stuck with someone trying to buy a huge number of tickets, but there's clearly no games being played by someone who did what I did this morning. Link to comment Share on other sites More sharing options...
ocemur Posted October 23, 2018 Share Posted October 23, 2018 I could handle being a billionaire. It happens to people besides Oprah. The woman who reinvented girdles and called them Spanks is a billionaire. So is the the girl in the thong from Weekend at Bernie's. I don't think the money would change me at all. At least not for a while. It would be months before I started hunting people for sport and cloning pandas for meat and fur. Link to comment Share on other sites More sharing options...
Fadingpain Posted October 23, 2018 Share Posted October 23, 2018 Rather than nearly zero chance to win an insane fortune, I wish they could divvy up the money so that you had a reasonable shot at a much smaller, but nice, sum. Link to comment Share on other sites More sharing options...
Greybeard Posted October 23, 2018 Share Posted October 23, 2018 (edited) 2 hours ago, Fadingpain said: Rather than nearly zero chance to win an insane fortune, I wish they could divvy up the money so that you had a reasonable shot at a much smaller, but nice, sum. They sort of do, it's called NY Lotto. Odds are 1 in 7mil., although you are probably talking better odds than that. Edited October 23, 2018 by Greybeard Link to comment Share on other sites More sharing options...
Soda Popinski Posted October 23, 2018 Share Posted October 23, 2018 70 of us are in the office pool now. so that'll go well if we do win.... 2 hours ago, ocemur said: I could handle being a billionaire. It happens to people besides Oprah. The woman who reinvented girdles and called them Spanks is a billionaire. So is the the girl in the thong from Weekend at Bernie's. I don't think the money would change me at all. At least not for a while. It would be months before I started hunting people for sport and cloning pandas for meat and fur. All I want is the house I found in the Keys, my boat, and another house in Wyoming. I want to fish in the summer, and hunt elk and deer in the winter. That is literally all I want to do with my life. Link to comment Share on other sites More sharing options...
RochesterRob Posted October 23, 2018 Share Posted October 23, 2018 1 hour ago, Soda Popinski said: 70 of us are in the office pool now. so that'll go well if we do win.... All I want is the house I found in the Keys, my boat, and another house in Wyoming. I want to fish in the summer, and hunt elk and deer in the winter. That is literally all I want to do with my life. To tie this in with the high school thread how much would you pay for a cheesecake pic of an old romantic interest from back then? Hate to say it while I am not OLD I am probably old enough where the mileage has taken a toll on the women from back in the day. I saw a pic of one woman who prided herself on being good looking while in school but looks like ten miles of bad road now. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 23, 2018 Share Posted October 23, 2018 8 hours ago, Soda Popinski said: how do you not take the payments? It's 40 mil a year isn't it? for 30 years? Give me that. If I can't make that much money work a year i'm not trying hard enough. Never take the annuity. You lose control of the principal. And most states allow for only one beneficiary. So if you die in a horrible car crash after one payment and your bene is in the car with you? Whoopsie. Link to comment Share on other sites More sharing options...
Fr. Jerk Posted October 23, 2018 Share Posted October 23, 2018 (edited) On 10/20/2018 at 5:34 PM, teef said: That money is going to destroy someone and their family. It will be glorious and tragic to watch. This would be my immediate concern. You're basically setting up a family member or even yourself to be kidnapped. People who have won way less in the lottery have been murdered over it. Bought my ticket a half hour ago. Edited October 23, 2018 by The Jerk Link to comment Share on other sites More sharing options...
Just Jack Posted October 23, 2018 Share Posted October 23, 2018 18 hours ago, shrader said: I only buy a ticket when the jackpots get press like this, so I have no idea how the process typically works. I stopped at a store this morning to get some breakfast and a drink, then decided to grab a ticket. Is not being allowed to use a credit card to buy that a policy from the lottery or from the credit company itself? I can see the credit company not wanting to get stuck with someone trying to buy a huge number of tickets, but there's clearly no games being played by someone who did what I did this morning. That's right, no credit card sales. Lets say you buy $500 worth of tickets and don't get a single winner. $500 down the drain, right? Nah, just call up the credit card company and report your card lost/stolen. You can pay by credit though if you go through the NY Lottery web site and set up a subscription. 1 Link to comment Share on other sites More sharing options...
BuffaloBill Posted October 23, 2018 Share Posted October 23, 2018 You all are lusting after my winnings. Give it up. Link to comment Share on other sites More sharing options...
SinceThe70s Posted October 24, 2018 Share Posted October 24, 2018 When I win...and I will win because it's my destiny to triumph magnificently...I'm gonna need some help I live a reasonably happy, comfortable existence and i think I could eke by with let's say $47 million of the take (after tax of course). After that the money goes to building a Bills Super Bowl champ. Problem is Terry and Kim don't give a flying eff about my new found wealth and aren't selling. So how do I make this happen? Link to comment Share on other sites More sharing options...
Chef Jim Posted October 24, 2018 Share Posted October 24, 2018 I will use my winnings to invent a TV that immediately turns a Bills game to porn whenever I enter the room. 1 1 Link to comment Share on other sites More sharing options...
Greybeard Posted October 24, 2018 Share Posted October 24, 2018 21 minutes ago, Chef Jim said: I will use my winnings to invent a TV that immediately turns a Bills game to porn whenever I enter the room. If you were just into masochism, they are doing that now. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 24, 2018 Share Posted October 24, 2018 24 minutes ago, Greybeard said: If you were just into masochism, they are doing that now. I’m not nor am I into necrophilia. Link to comment Share on other sites More sharing options...
Gary M Posted October 24, 2018 Share Posted October 24, 2018 Back to work you dreamers Link to comment Share on other sites More sharing options...
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