Power Ball - Largest Jackpot in history!

[Halfcan]

*

[TimBone]

Cash Option. I can't wait for Saturday night. Chiefs win their first playoff game in over 20 years, AND I win the largest PowerBall payout in history. Gonna be a fine night.

[cmh6476]

I went in with my staff, because if they win I don't want to show up and nobody else works here anymore

[ptlyon]

I went in with my staff, because if they win I don't want to show up and nobody else works here anymore

I'll have a major staff if I win

[The Franchise]

Cash option.

[Halfcan]

Here is an interesting link to help you decide.

http://www.businessinsider.com/should-you-take-the-annuity-or-the-lump-sum-if-you-win-the-lottery-2013-9

Looks like a lump sum is better if you expect a decent return of investing your winnings.

[BlackHelicopters]

I'll take it all in tens and twenties.

[blake5676]

If you take the cash option and invest it for the 30 year period the annuity option takes to pay out, you only need about a 1.75% return to end with more money.

Bump that to a 5% return for 30 years and you're looking at well over a BILLION dollars.

[ptlyon]

If you take the cash option and invest it for the 30 year period the annuity option takes to pay out, you only need about a 1.75% return to end with more money.

Bump that to a 5% return for 30 years and you're looking at well over a BILLION dollars.

Who the fuck would live that long?

[The Franchise]

Here is an interesting link to help you decide.

http://www.businessinsider.com/should-you-take-the-annuity-or-the-lump-sum-if-you-win-the-lottery-2013-9

Looks like a lump sum is better if you expect a decent return of investing your winnings.

Take the lump sump and invest a good majority of the winnings. I'd be good with a bigger house and a new car for both my wife and myself. Keep enough out to live on each year while the rest of it is invested and making us money.

[ChiefsCountry]

Who the **** would live that long?

If I win and I'm 31. Be 61 when that pays out to the end.

[Halfcan]

Cash Option. I can't wait for Saturday night. Chiefs win their first playoff game in over 20 years, AND I win the largest PowerBall payout in history. Gonna be a fine night.

Well I hope you are at lest half right (Chiefs) because I think I will win it. :D

If you do this might help you.

http://www.businessinsider.com/what-to-do-with-a-windfall-2013-9

[Rain Man]

I would go with the cash option because I'd build an entire estate out of nickels.

[lewdog]

The lump sum or monthly payouts depends on if my wife gets the monthly payments if I die?

If the answer is the monthly money is only received while I'm living then I'd take the cash option every day.


Hell, even given the investing options with a huge sum of cash, I'd probably take the cash payout anyway.

[lewdog]

Also, we won $12 on our ticket last night!

Hoo boy!

[KCCHIEFS27]

Who the **** would live that long?

And who the hell is going to take all that money and invest all of it??

[The Franchise]

And who the hell is going to take all that money and invest all of it??

If the lump some is $200 million.....are you telling me that you couldn't take half of that and invest it? You wouldn't be able to have fun and live off of $100 million?

[alpha_omega]

Cash. I'll earn my own interest thank you.

[Halfcan]

I would go with the cash option because I'd build an entire estate out of nickels.

ROFL

So you would pretty much end up like these people.

http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1

[ptlyon]

If I win and I'm 31. Be 61 when that pays out to the end.

Hell, I probably wouldn't survive my first trip to Amsterdam

[cmh6476]

If I won I would buy the Chiefs

[KCCHIEFS27]

Also, we won $12 on our ticket last night!

Hoo boy!

Damn, so close!! Next time...totally next time. If I won, I would buy game tickets and plane tickets for some members of the planet to the next playoff game.

[Clyde Frog]

http://www.quickmeme.com/img/3c/3c40bc73e535f6224d14bde51b00ac60d19631e6b66db034e5c64074b114ece8.jpg

[ChiefsCountry]

If I won I would buy the Chiefs

You do realize 400 million or so would get you about 1/4 of the value of the Chiefs.

[DJ's left nut]

I've always thought this was a complete no-brainer.

Folks, if you can't find someone that will guarantee you a 5% return on $150 million, you're not looking hard enough. There are scads of investment portfolios that will insure your return at certain investment levels.

It may not be all that easy to guarantee a 5% return on 100K, but if you're offering $100 million, there are plenty of safe investment vehicles that make that kind of return damn near a given.

The annuity option is a complete ripoff. You could take that cash payout and over 30 years quadruple the amount that the annuity option would give you pretty easily. You wouldn't even have to go high risk to do it.

Moreover, even with the annuity option there's no guarantee of more favorable tax treatment as even with the yearly payout, you're still paying the top marginal tax rate. The on 90% of those earnings every year.

I just don't see this as a particularly close call.

[cmh6476]

You do realize 400 million or so would get you about 1/4 of the value of the Chiefs.

fock, I haven't really thought about plan b.

[O.city]

Lump sum and I'd take all you fuckers to new endland next week on my dime for a weekend in boston

[Halfcan]

Also, we won $12 on our ticket last night!

Hoo boy!

Did you take the cash or the 30 year payout?

Invest wisely my friend!!

[Halfcan]

If I won I would buy the Chiefs

ROFL

Chiefs.

A 30 year Annuity of Fail.

[Halfcan]

Take the lump sump and invest a good majority of the winnings. I'd be good with a bigger house and a new car for both my wife and myself. Keep enough out to live on each year while the rest of it is invested and making us money.

:hmmm:

Solid plan. Even if you budget out 10 times your standard of living today-you would be making that back in interest from what you invested.

[Rain Man]

ROFL

So you would pretty much end up like these people.

http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1


Quite the contrary. I'd glue them together so I could never lose them. But every time I ordered pizza I'd give the delivery guy a hammer and chisel and let him take a small chunk of fence.

[Pablo]

I'd try to cram a million up my nose in the first year. And, and lots and lots of hookers too.

[BucEyedPea]

Lump cash sum 'cuz I don't trust govt politicians with money over the long term.

1. Pay off all debt, including kid's student debt which is small ($11,000); Mortgage, car, any balances on cc
2. Renovate Florida home especially replace windows and get hurricane shutters; add an organic garden
3. Three new cars–one for me, one for kid, one for SO
3. Invest—buy real estate for income and for own use. Nice rustic home in NC mountains, clapboard Maine home by ocean, condo in Boston, stone cottage in the Cotswolds of England; farm house in Iowa; other investments but don't know what yet
4. More gold and silver coins; more survival things like a generator
5. Create an educational trust to help young people finance their educations, mostly for college; first would go to children with other family members an will include lower levels of education so they can excel, then children of friends and friends of my daughters to help them pay off debts; add others as I see fit
6. Build my art studio complex that I have designed with modules for different areas—graphics, drawing, painting, sculpting, ceramics, crafts with an administrative section
7. Get those two children's books completed and get one animated into a serie
8. Create three new creative businesses for fun then sell them.
8. Retire, travel, read classic literature and learn how to write; re-do areas of education I've forgotten; rehab my drumming

[scho63]

When I win the Powerball Saturday night, I will invite you all to my new yacht!

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_main.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_3.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_2.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_4.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_5.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_9.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_10.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_12.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_14.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_15.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_16.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_18.jpg

https://www.burgessyachts.com/media/catalog/product/cache/1/image/9df78eab33525d08d6e5fb8d27136e95/0/0/00005785_21.jpg

[rico]

I know how impulsive I can be with financial decisions when I actually have money... Yeah, I'll take the 30 years of guaranteed financial awesomeness. It'd be for the best (for me).

[BigMeatballDave]

I won $4.

Will parlay it for Saturday's drawing. :)

[BucEyedPea]

Nice, will you be doing the cooking, scho? Or will you hire a chef?

This reminds me—I'd own my own private jet with pilots for hire.

[Rain Man]

When I win the Powerball Saturday night, I will invite you all to my new yacht!




Looks cool, but will there be girls there?

[cmh6476]

Lump cash sum 'cuz I don't trust govt politicians with money over the long term.

1. Pay off all debt, including kid's student debt which is small ($11,000); Mortgage, car, any balances on cc
2. Renovate Florida home especially replace windows and get hurricane shutters; add an organic garden
3. Three new cars–one for me, one for kid, one for SO
3. Invest—buy real estate for income and for own use. Nice rustic home in NC mountains, clapboard Maine home by ocean, condo in Boston, stone cottage in the Cotswolds of England; farm house in Iowa; other investments but don't know what yet
4. More gold and silver coins; more survival things like a generator
5. Create an educational trust to help young people finance their educations, mostly for college; first would go to children with other family members an will include lower levels of education so they can excel, then children of friends and friends of my daughters to help them pay off debts; add others as I see fit
6. Build my art studio complex that I have designed with modules for different areas—graphics, drawing, painting, sculpting, ceramics, crafts with an administrative section
7. Get those two children's books completed and get one animated into a serie
8. Create three new creative businesses for fun then sell them.
8. Retire, travel, read classic literature and learn how to write; re-do areas of education I've forgotten; rehab my drumming

you seem to have thought long and hard about this.

[BigMeatballDave]

I know how impulsive I can be with financial decisions when I actually have money... Yeah, I'll take the 30 years of guaranteed financial awesomeness. It'd be for the best (for me).

That doesn't earn interest. :)

[Halfcan]

This guy must be a C P member. Hookers and Blow!!!


http://www.tmz.com/2016/01/07/powerball-lottery-hookers-cocaine/

[cosmo20002]

Power Ball - Largest Jackpot in history!

Meh. I probably lost that much in my couch cushions. Have you seen my house? It's in California and I used to post pics on CP.

/Dane

[scho63]

Nice, will you be doing the cooking, scho? Or will you hire a chef?

This reminds me—I'd own my own private jet with pilots for hire.

Looks cool, but will there be girls there?

BEP- I would have at least two chefs pumping out all kinds of great food.

Rainman- there would be plenty of "imported eye candy" who would be walking around topless as part of their requirements. :D

[Hydrae]

I know how impulsive I can be with financial decisions when I actually have money... Yeah, I'll take the 30 years of guaranteed financial awesomeness. It'd be for the best (for me).

I always go annuity when I play (about one ticket a year on average probably). Too many stories out there of people who blew it all in a couple of years and were broke again. Give my a couple mil a year for the rest of my life (I am 55 now) and I am perfectly happy!

[KChiefs1]

Bump that to a 5% return for 30 years and you're looking at well over a BILLION dollars.


I could own the Chiefs & Royals!

[BigRedChief]

Cash Option. I can't wait for Saturday night. Chiefs win their first playoff game in over 20 years, AND I win the largest PowerBall payout in history. Gonna be a fine night.You remember I've always been nice to you.:rolleyes:

[Rain Man]

I have some serious questions.

1. Would a $400+ million take-home payout make you a kidnapping risk? Frankly, I'd be tempted to just stay in my current house, but I'm wondering if I would have to put bars on the windows and put a machine gun nest on the porch.

2. Would you give money or assets to young relatives? For example, I'd be tempted to give a (modest) house or a chunk of money to my nieces and nephews who are generally in their twenties. But if I did that, would it slow down their professional growth and motivation? Would you give them a chunk of money now or a trust that matures when they're 40 or 65 or something?

3. Would you give any money to family outside your immediate family? With that much money, it would be tempting to hold a family picnic and game show, and give out prizes like cruises and Rolexes and maybe a car or two. But if so, how far out does the relative show go? Cousins? Second cousins? Do you invite everybody, including the deadbeat drug-addled cousin who will pawn his prize within a week?

4. Would you give any money to friends? I'm talking about cash gifts or some other meaningful one-time gift to long-time friends, not buying stuff for your posse while you're at the jewelry store picking up your 25-carat necklace shaped like Marcus Peters.

5. Would you leave your current town? What are the pros and cons of staying where people know you versus relocating and recreating yourself?

[KChiefs1]

If I won I would buy the Chiefs


Co-owners.

[The Franchise]

I have some serious questions.

1. Would a $400+ million take-home payout make you a kidnapping risk? Frankly, I'd be tempted to just stay in my current house, but I'm wondering if I would have to put bars on the windows and put a machine gun nest on the porch.

2. Would you give money or assets to young relatives? For example, I'd be tempted to give a (modest) house or a chunk of money to my nieces and nephews who are generally in their twenties. But if I did that, would it slow down their professional growth and motivation? Would you give them a chunk of money now or a trust that matures when they're 40 or 65 or something?

3. Would you give any money to family outside your immediate family? With that much money, it would be tempting to hold a family picnic and game show, and give out prizes like cruises and Rolexes and maybe a car or two. But if so, how far out does the relative show go? Cousins? Second cousins? Do you invite everybody, including the deadbeat drug-addled cousin who will pawn his prize within a week?

4. Would you give any money to friends? I'm talking about cash gifts or some other meaningful one-time gift to long-time friends, not buying stuff for your posse while you're at the jewelry store picking up your 25-carat necklace shaped like Marcus Peters.

5. Would you leave your current town? What are the pros and cons of staying where people know you versus relocating and recreating yourself?

1. No clue.
2. Yes, although it would be in a savings account until after they graduated college.
3. No.
4. Yes, but not a ton. I'm talking like maybe paying off their car or their mortgage.
5. Don't know. I'd own a place or two in different areas but I'm pretty sure that we'd just stay around here, at least for the short term. I wouldn't want to make my kids change schools or anything like that.

[loochy]

Lump cash sum 'cuz I don't trust govt politicians with money over the long term.

1. Pay off all debt, including kid's student debt which is small ($11,000); Mortgage, car, any balances on cc
2. Renovate Florida home especially replace windows and get hurricane shutters; add an organic garden
3. Three new cars–one for me, one for kid, one for SO
3. Invest—buy real estate for income and for own use. Nice rustic home in NC mountains, clapboard Maine home by ocean, condo in Boston, stone cottage in the Cotswolds of England; farm house in Iowa; other investments but don't know what yet
4. More gold and silver coins; more survival things like a generator
5. Create an educational trust to help young people finance their educations, mostly for college; first would go to children with other family members an will include lower levels of education so they can excel, then children of friends and friends of my daughters to help them pay off debts; add others as I see fit
6. Build my art studio complex that I have designed with modules for different areas—graphics, drawing, painting, sculpting, ceramics, crafts with an administrative section
7. Get those two children's books completed and get one animated into a serie
8. Create three new creative businesses for fun then sell them.
8. Retire, travel, read classic literature and learn how to write; re-do areas of education I've forgotten; rehab my drumming

This list sucks.

Do you know what I'd do? I'd take a damn nap, eat some damn steak, and start using copious amounts of damn HGH.

Damn it.

OH - Also, I would buy Chiefsplanet.

[temper11]

Cash.

My understanding is if you take the payments, when you die, the money does not go to next of kin.

[Stinger]

Any truth to the rumor Hootie wants to pool money for Chiefsplanet for this. Got my $50 ready.....

[BigRedChief]

I have some serious questions.

1. Would a $400+ million take-home payout make you a kidnapping risk? Frankly, I'd be tempted to just stay in my current house, but I'm wondering if I would have to put bars on the windows and put a machine gun nest on the porch. I'd hire private security immediately. Not really for kidnapping but for general safety. Your name and address will come out real soon.

[Radar Chief]

I saw an interview of someone buying Power Ball tickets and when asked what he would do with the money if he won he said hookers and blow. ROFL
Now I'm wondering which one of you fuckers this was.

[BigRedChief]

Any truth to the rumor Hootie wants to pool money for Chiefsplanet for this. Got my $50 ready.....Thats not a bad idea, minus the Hootie part.

I'll manage the money if people are interested.

[loochy]

I'd hire private security immediately. Not really for kidnapping but for general safety. Your name and address will come out real soon.

If you see that you have winning numbers, go to the post office and get a PO box ASAP.

[KC Dan]

I'd hire private security immediately. Not really for kidnapping but for general safety. Your name and address will come out real soon.
I already have a deal with (2) ex-101st airborne friends to do just that if I win. After we all do a tour of Caribbean islands with family and friends

[blake5676]

Out of curiousity, does anyone know why the lump sum payment is like 30% of the actual jackpot?

I understand if you take the annuity, you get gradual increasing yearly payouts totaling the entire prize.

But if you choose lump sum, in this particular instance, it's only like $450 of the reported $700M. And then you pay about half that in taxes and walk with $275 or so.

[big nasty kcnut]

I buy two houses one in manhatten kansas for winter and one in chewelah washington in the summertime so don't have to be in the heat or extreme cold. Then buy season tickets for all my favorite teams. Give my niece a college free ride to Texas. Finally invest and make more money.

[SPchief]

Out of curiousity, does anyone know why the lump sum payment is like 30% of the actual jackpot?

I understand if you take the annuity, you get gradual increasing yearly payouts totaling the entire prize.

But if you choose lump sum, in this particular instance, it's only like $450 of the reported $700M. And then you pay about half that in taxes and walk with $275 or so.

Government always gets their cut.

[Hog's Gone Fishin]

I have some serious questions.

1. Would a $400+ million take-home payout make you a kidnapping risk? Frankly, I'd be tempted to just stay in my current house, but I'm wondering if I would have to put bars on the windows and put a machine gun nest on the porch.

2. Would you give money or assets to young relatives? For example, I'd be tempted to give a (modest) house or a chunk of money to my nieces and nephews who are generally in their twenties. But if I did that, would it slow down their professional growth and motivation? Would you give them a chunk of money now or a trust that matures when they're 40 or 65 or something?3. Would you give any money to family outside your immediate family? With that much money, it would be tempting to hold a family picnic and game show, and give out prizes like cruises and Rolexes and maybe a car or two. But if so, how far out does the relative show go? Cousins? Second cousins? Do you invite everybody, including the deadbeat drug-addled cousin who will pawn his prize within a week?

4. Would you give any money to friends? I'm talking about cash gifts or some other meaningful one-time gift to long-time friends, not buying stuff for your posse while you're at the jewelry store picking up your 25-carat necklace shaped like Marcus Peters.

5. Would you leave your current town? What are the pros and cons of staying where people know you versus relocating and recreating yourself?

What I would do rainman is to set up a trust payable at age 40. For every dollar they earned up until that point they would receive a matching amount at the age of 40. That gives them incentive to perform well in life with a guaranteed reward coming. Set it for age 40 because that's a good time in life they can take it and reinvest it or just enjoy life a little.

So if they made $25,000 a year from 20-25 then $40,000 from 25 -30 then $50,000 a year from 30-40 that would accumulate $825,000. And of course those are very low incomes which would be consumed yearly so the big payout at the end would be a driving force.

[Rain Man]

Out of curiousity, does anyone know why the lump sum payment is like 30% of the actual jackpot?

I understand if you take the annuity, you get gradual increasing yearly payouts totaling the entire prize.

But if you choose lump sum, in this particular instance, it's only like $450 of the reported $700M. And then you pay about half that in taxes and walk with $275 or so.

It's essentially the current value of the full nominal prize. The traditional model of a 30-year payout dramatically overstates the value of the prize because of inflation. The final payment of a 30-year payout is really worth only about 40 percent or so of the nominal value in a normal inflation environment. So the cash value takes that into account.

[blake5676]

It's essentially the current value of the full nominal prize. The traditional model of a 30-year payout dramatically overstates the value of the prize because of inflation. The final payment of a 30-year payout is really worth only about 40 percent or so of the nominal value in a normal inflation environment. So the cash value takes that into account.

Makes sense. Thanks!

[saphojunkie]

I'd give away 90% of it.

[Rain Man]

I have some serious questions.

1. Would a $400+ million take-home payout make you a kidnapping risk? Frankly, I'd be tempted to just stay in my current house, but I'm wondering if I would have to put bars on the windows and put a machine gun nest on the porch.

2. Would you give money or assets to young relatives? For example, I'd be tempted to give a (modest) house or a chunk of money to my nieces and nephews who are generally in their twenties. But if I did that, would it slow down their professional growth and motivation? Would you give them a chunk of money now or a trust that matures when they're 40 or 65 or something?

3. Would you give any money to family outside your immediate family? With that much money, it would be tempting to hold a family picnic and game show, and give out prizes like cruises and Rolexes and maybe a car or two. But if so, how far out does the relative show go? Cousins? Second cousins? Do you invite everybody, including the deadbeat drug-addled cousin who will pawn his prize within a week?

4. Would you give any money to friends? I'm talking about cash gifts or some other meaningful one-time gift to long-time friends, not buying stuff for your posse while you're at the jewelry store picking up your 25-carat necklace shaped like Marcus Peters.

5. Would you leave your current town? What are the pros and cons of staying where people know you versus relocating and recreating yourself?

1. No clue.
2. Yes, although it would be in a savings account until after they graduated college.
3. No.
4. Yes, but not a ton. I'm talking like maybe paying off their car or their mortgage.
5. Don't know. I'd own a place or two in different areas but I'm pretty sure that we'd just stay around here, at least for the short term. I wouldn't want to make my kids change schools or anything like that.

I'd hire private security immediately. Not really for kidnapping but for general safety. Your name and address will come out real soon.

What I would do rainman is to set up a trust payable at age 40. For every dollar they earned up until that point they would receive a matching amount at the age of 40. That gives them incentive to perform well in life with a guaranteed reward coming. Set it for age 40 because that's a good time in life they can take it and reinvest it or just enjoy life a little.

So if they made $25,000 a year from 20-25 then $40,000 from 25 -30 then $50,000 a year from 30-40 that would accumulate $825,000. And of course those are very low incomes which would be consumed yearly so the big payout at the end would be a driving force.


On Q1, private security would cost a fair bit, but I guess it would still be a small cost. But I'm wondering how necessary it is if you're low key. I've had a couple of clients who are richer than this powerball and I don't think either of them had a live guard. People would likely know their names, but I'm not sure if anyone would recognize them.

So while I could afford to have a full time guard, I'm not convinced that I need one, and it would be a hassle to be followed everywhere. But I also wouldn't want to be buried alive while the FBI scans my ransom note for clues.

On Q2, I guess I'd lean toward the deferred approach. It would be most logical to give them money sooner because it can be leveraged more to build wealth for them. But I do think it could screw up their psychology and possibly even have an adverse effect.

On Q3, I'd love to do something like that, but would worry that it could open a can of worms. Where do you stop? I have cousins I grew up with that I'd love to surprise, but I have cousins who are way younger that I barely know. And of course everyone has that one relative who will file a lawsuit for some stupid reason if they find out you have money.

On Q4, I think that would be a lot of fun. I couldn't resist it. But I'd keep the circle small and make them sign an agreement that they won't disclose the gift giver. That could spiral into negativity fast.

On Q5, I love where I live, but I almost think you'd have to move if you want to change your lifestyle. If a Lamborghini starts pulling out of my garage, people are going to ask questions. If I suddenly moved into a house in Boise, Idaho, with a Lamborghini, people would just assume that I'm some rich jerk. Plus, I think a new location would help with security concerns since changes in lifestyle would be difficult to observe.

[Dayze]

cash option, and stick it in something that guarantees a return, don't even care if it's 1%.

live off the interest. the interest alone will WAY more than I would ever need.
Sleep, eat steaks, buy a shit load of motorcycles, build a kick ass big modern log cabin type home on about 100 acres. and finally, be able to relax.

shit, if I could find a way to make $80k a year in interest alone and not work, I'd be more than satisfied.

[Clyde Frog]

I'd try to cram a million up my nose in the first year. And, and lots and lots of hookers too.

Charlie?

[cosmo20002]

Thats not a bad idea, minus the Hootie part.

I'll manage the money if people are interested.

You're a masochist, huh?
Start a private thread where we can discuss strategies and the best numbers to play.

[Rain Man]

cash option, and stick it in something that guarantees a return, don't even care if it's 1%.

live off the interest. the interest alone will WAY more than I would ever need.
Sleep, eat steaks, buy a shit load of motorcycles, build a kick ass big modern log cabin type home on about 100 acres. and finally, be able to relax.

shit, if I could find a way to make $80k a year in interest alone and not work, I'd be more than satisfied.

Other than the motorcycle part, I think that's pretty much the perfect plan.

[cosmo20002]

Out of curiousity, does anyone know why the lump sum payment is like 30% of the actual jackpot?

I understand if you take the annuity, you get gradual increasing yearly payouts totaling the entire prize.

But if you choose lump sum, in this particular instance, it's only like $450 of the reported $700M. And then you pay about half that in taxes and walk with $275 or so.

^not good at math

[BigMeatballDave]

^not good at math:LOL:

[rico]

I'd probably give it all to my parents on the condition that I could do whatever I wanted with the money, whenever I wanted, as long as I am not being irrational, stupid or impulsive.When they die, I would want the money split evenly between my brothers and I. I'd want my family's wealth to begin with my parents... And I'd probably hook my cousins/aunts/uncles/best friends up too... I would start a construction business, preferably with my brothers.

[shitgoose]

Stupid people never cease to amaze me...

Lady working the counter at a QuikTrip yesterday proceeds to explain to the customer in front of me how the powerball odds work. She explained that the odds were printed on the back of the ticket and if you buy multiple tickets you just divide those numbers and that will be your odds of hitting the jackpot. She herself was planning on buying 50 tickets!

LOL.

[Demonpenz]

I had a cousin that won 10 mil. It was gone in 9 years. He works at Devry now.

[Dayze]

I had a cousin that won 10 mil. It was gone in 9 years. He works at Devry now.

sounds like he's still #winning.
he must be serious about his success.

[blake5676]

^not good at math

Should have said roughly 30% less than actual pot instead of "of the actual pot".

[blake5676]

When I win, you're now officially off my list of CP members I'll be buying season tickets.

[Hog's Gone Fishin]

cash option, and stick it in something that guarantees a return, don't even care if it's 1%.

live off the interest. the interest alone will WAY more than I would ever need.
Sleep, eat steaks, buy a shit load of motorcycles, build a kick ass big modern log cabin type home on about 100 acres. and finally, be able to relax.

shit, if I could find a way to make $80k a year in interest alone and not work, I'd be more than satisfied.

2% on 100,000,000 is $200,000 a year

[Aries Walker]

I definitely take the lump sum. I don't have enough faith in the status remaining quo to see it through until my 30 year winning anniversary - and that's to say nothing of me surviving that long.

As for maximizing every penny, what do I care? After a certain point, it just all melds into the same category of 'limitless'; there isn't much functional difference between having 20 million in the bank and 40 million in the bank. I'll buy a house, a couple of cars, a few vacations and squirrel away enough to live on, and beyond that it really doesn't matter. It's not like I'm going to Brewster's Millions it all away.

So yes, money please. Now. *snap snap*

[BigMeatballDave]

Stupid people never cease to amaze me...

Lady working the counter at a QuikTrip yesterday proceeds to explain to the customer in front of me how the powerball odds work. She explained that the odds were printed on the back of the ticket and if you buy multiple tickets you just divide those numbers and that will be your odds of hitting the jackpot. She herself was planning on buying 50 tickets!

LOL.Shit. That's $100.

And that doesn't really increase you're odds of winning.

I spent $6, won$4. That $4 will get me 2 more numbers for Saturday.

I might spend $40 a yr on the lottery and most of that is scratches. I won $100 back in May, so I'm up. :)

I don't buy Mega or Powerball unless it gets over $200m.

And I never go to Casinos.

[Dayze]

2% on 100,000,000 is $200,000 a year

yep. for me, $200k and not have to work? sign me up.
the things I like and the shit I like to do, $200k would be about $100k more than enough and then some.

I might even have enough left over for parking at Arrowhead.

:clap:

[Msfbulldog]

yep. for me, $200k and not have to work? sign me up.
the things I like and the shit I like to do, $200k would be about $100k more than enough and then some.

I might even have enough left over for parking at Arrowhead.

:clap:

Two percent of 100,000,000 is two million not two hundred thousand.

[saphojunkie]

My friend was on the cover of Fortune magazine. He's a wildly successful venture capitalist.

He says morons take the lump sum. There isn't a bank on earth that wouldn't advance you as much credit as you wanted in order to start making investments right away. Your ROI should be greater than the interest on your loans, and you would quickly exceed the lump sum value.

I have no idea if he's right or not, but considering he is the money behind a few of your favorite new technologies, I'm inclined to believe him.

Having said that, there's a reason he's a gajillionaire and I'm not. I would take the lump sum, because I frankly don't want to spend my life trying to make more money when I'm already worth nine figures. What a shit existence.

[saphojunkie]

Two percent of 100,000,000 is two million not two hundred thousand.

This is why they don't have 100,000,000 already.

[BigRedChief]

You're a masochist, huh?
Start a private thread where we can discuss strategies and the best numbers to play.I'm trustworthy and have project management skills. What else do I have to do with my life?

[Bwana]

Show Me The Money.

[Buehler445]

It wouldn't happen, because I don't buy lottery tickets. But I'll humor you.

Give me the lump sum. First thing I would do is hire the best CPA I could get and start tax planning.

I'd probably buy enough equipment to reach the 179 limit before the end of the year.

I would probably make some charitable contributions to some non-profits that I care about.

Whatever else the CPA tells me to do. After I got the taxes paid:

Re-visit an estate lawyer. I need to make sure nothing stupid happens. My luck is that I would die on the way back from obtaining the winnings and my family would lose it all because I didn't take the requisite actions.

I wouldn't spend too much on personal stuff. I'd probably maintain my mortgage and land loans because surely I can achieve a higher return than those interest rates I would probably do the renovations to my house that still need done.

I would keep a fair amount liquid to buy land.

Tax shelter some for retirement.

Diversify into some other industries.
I have some serious questions.

1. Would a $400+ million take-home payout make you a kidnapping risk? Frankly, I'd be tempted to just stay in my current house, but I'm wondering if I would have to put bars on the windows and put a machine gun nest on the porch.

I wouldn't worry too much about it. Kidnappers would probably get bored getting out here and turn around and go back. If they made it, they'd probably forget what they were doing and ask, "This is where Ron Baker is from, right?"

2. Would you give money or assets to young relatives? For example, I'd be tempted to give a (modest) house or a chunk of money to my nieces and nephews who are generally in their twenties. But if I did that, would it slow down their professional growth and motivation? Would you give them a chunk of money now or a trust that matures when they're 40 or 65 or something?

Eh, probably not. Maybe in trust when I die, but other than my kids, I don't know how much I'd give to family members. I'd probably pay for college - (grade dependent) and pay for family get togethers and stuff.

3. Would you give any money to family outside your immediate family? With that much money, it would be tempting to hold a family picnic and game show, and give out prizes like cruises and Rolexes and maybe a car or two. But if so, how far out does the relative show go? Cousins? Second cousins? Do you invite everybody, including the deadbeat drug-addled cousin who will pawn his prize within a week?

I'd probably just host family get-togethers and pay for travel

4. Would you give any money to friends? I'm talking about cash gifts or some other meaningful one-time gift to long-time friends, not buying stuff for your posse while you're at the jewelry store picking up your 25-carat necklace shaped like Marcus Peters.

I'd probably pay for stuff when we go out to eat or whatever. I might provide some equity in an LLC or something that would generate them some money, but flat out cash? Probably not.

5. Would you leave your current town? What are the pros and cons of staying where people know you versus relocating and recreating yourself?

Nah. I'd keep farming.

I'd give away 90% of it.
You realize Tax is like 48% or something like that, right?

[lewdog]

I'd give $10k to every active member here.

[displacedinMN]

Originally Posted by shitgoose View Post
Stupid people never cease to amaze me...

Lady working the counter at a QuikTrip yesterday proceeds to explain to the customer in front of me how the powerball odds work. She explained that the odds were printed on the back of the ticket and if you buy multiple tickets you just divide those numbers and that will be your odds of hitting the jackpot. She herself was planning on buying 50 tickets!

LOL.

You are correct. That person was totally wrong.

Even if they were correct The odds of winning are 1 in 292,201,338.00
If you take away 50 tickets, the odds are still 1 in 292,201,288.00 Not that much better.

These are the people that lotteries prey on.


That said-cash option. Escape to the BIL's cabin for a week. Hire a security detail for my family.

[lewdog]

You are correct. That person was totally wrong.

Even if they were correct The odds of winning are 1 in 292,201,338.00
If you take away 50 tickets, the odds are still 1 in 292,201,288.00 Not that much better.

These are the people that lotteries prey on.


That said-cash option. Escape to the BIL's cabin for a week. Hire a security detail for my family.

You don't know how many times I have had to explain to people that you have virtually the same odds of winning buying 1 ticket, as you would buying 100. People just don't understand probability. Some honestly think they have a 100x better chance of winning. ROFL

[Dayze]

My friend was on the cover of Fortune magazine. He's a wildly successful venture capitalist.

He says morons take the lump sum. There isn't a bank on earth that wouldn't advance you as much credit as you wanted in order to start making investments right away. Your ROI should be greater than the interest on your loans, and you would quickly exceed the lump sum value.

I have no idea if he's right or not, but considering he is the money behind a few of your favorite new technologies, I'm inclined to believe him.

Having said that, there's a reason he's a gajillionaire and I'm not. I would take the lump sum, because I frankly don't want to spend my life trying to make more money when I'm already worth nine figures. What a shit existence.

Esto.

that's my thought exactly. I have no desire to increase my principle by $5-10M if I already have 100M. Too much shit to manage and worry about, trying to make money with money.

[displacedinMN]

I would like to know how many tickets are sold between winning prizes. To prove that "you only have to buy just one" is not true.

[Dayze]

I'd camp out on my fat happy ass spending the interest.

[O.city]

So, explain how the taxes on this work.

Once you take the lump sum, it's taxed. After that, are you done with taxes on it?

[Rain Man]

Esto.

that's my thought exactly. I have no desire to increase my principle by $5-10M if I already have 100M. Too much shit to manage and worry about, trying to make money with money.

Yeah. I would take more or less zero risk. I can ride that amount down comfortably for the rest of my life and still never get close to zero.

[BigRedChief]

I'd give $10k to every active member here.$20K to every regular poster in the gearhead thread?

[BigRedChief]

So, explain how the taxes on this work.

Once you take the lump sum, it's taxed. After that, are you done with taxes on it?yep, until you die. Thats why you would need the estate planning mentioned in the thread.

[Discuss Thrower]

My friend was on the cover of Fortune magazine. He's a wildly successful venture capitalist.

He says morons take the lump sum. There isn't a bank on earth that wouldn't advance you as much credit as you wanted in order to start making investments right away. Your ROI should be greater than the interest on your loans, and you would quickly exceed the lump sum value.

I have no idea if he's right or not, but considering he is the money behind a few of your favorite new technologies, I'm inclined to believe him.

Having said that, there's a reason he's a gajillionaire and I'm not. I would take the lump sum, because I frankly don't want to spend my life trying to make more money when I'm already worth nine figures. What a shit existence.


Never thought of that.. You'd have to have a $300MM lump sum deposited in at least 10 wholly independent banks because of how large the payout is.

[O.city]

yep, until you die. Thats why you would need the estate planning mentioned in the thread.

Wait, what do you mean?

[Discuss Thrower]

Never thought of that.. You'd have to have a $300MM lump sum deposited in at least 10 wholly independent banks because of how large the payout is.

And now that I'm recalling macroeconomics and the US banking system as a high schooler would understand it, 10 independent banks getting deposits of $30MM becomes a problem if they have less than $300MM on their hands to begin with...

[The Franchise]

Picked up 5 tickets. I only buy tickets when it's over $400 million.

[Rain Man]

So, explain how the taxes on this work.

Once you take the lump sum, it's taxed. After that, are you done with taxes on it?

I would presume that it's like any other income. You pay taxes when you get it, and then you pay taxes on any new income that it earns, but no more on that amount itself.

So if you take the cash value of approximately $428 million, you'll pay roughly $192 million in taxes depending on your state, and you'll take home $236 million.

After that, you're not taxed any more on the $236 million, but you're taxed on the money that it earns. So if you put it in some conservative fund and get a 3 percent return, that's about $8 million. You'll then owe roughly $3.6 million in taxes on that, so if you don't want to touch the principal you'll have to live off an income of about $4.4 million per year, or $367,000 per month.

[O.city]

I would presume that it's like any other income. You pay taxes when you get it, and then you pay taxes on any new income that it earns, but no more on that amount itself.

So if you take the cash value of approximately $428 million, you'll pay roughly $192 million in taxes depending on your state, and you'll take home $236 million.

After that, you're not taxed any more on the $236 million, but you're taxed on the money that it earns. So if you put it in some conservative fund and get a 3 percent return, that's about $8 million. You'll then owe roughly $3.6 million in taxes on that, so if you don't want to touch the principal you'll have to live off an income of about $4.4 million per year, or $367,000 per month.

Huh, I dunno if I could do that.

[Discuss Thrower]

I would presume that it's like any other income. You pay taxes when you get it, and then you pay taxes on any new income that it earns, but no more on that amount itself.

So if you take the cash value of approximately $428 million, you'll pay roughly $192 million in taxes depending on your state, and you'll take home $236 million.

After that, you're not taxed any more on the $236 million, but you're taxed on the money that it earns. So if you put it in some conservative fund and get a 3 percent return, that's about $8 million. You'll then owe roughly $3.6 million in taxes on that, so if you don't want to touch the principal you'll have to live off an income of about $4.4 million per year, or $367,000 per month.

But as sapho's blowhard millionaire friend has pointed out, you won't be able to park that lump sum in any one bank because it creates too much of a liquidity crisis. And you likely couldn't directly transfer it to a hedge fund because it would pretty much mean you just bought the fund and have given whoever manages it too much power in the market.

[BucEyedPea]

I had a cousin that won 10 mil. It was gone in 9 years. He works at Devry now.

Most of the winners of lotteries go bankrupt because they can't manage money. Not all of them though. There was a guy they had on some TV program who didn't but he was really into antique cars, bought a bunch and turned it into a profitable business doing something he loved.

[BucEyedPea]

$20K to every regular poster in the gearhead thread?

I'm heading over to that thread now. :D

[lewdog]

$20K to every regular poster in the gearhead thread?

I'll buy each of you a new car up to $50k.

[displacedinMN]

Most of the winners of lotteries go bankrupt because they can't manage money. Not all of them though. There was a guy they had on some TV program who didn't but he was really into antique cars, bought a bunch and turned it into a profitable business doing something he loved.

the poor that have never had money, spend it like it will not run out. It does.
Winning the lottery does not make you Warren Buffet. It makes you an NBA player

From the above post-lew will be the first to be bankrupt.

[lewdog]

I'm heading over to that thread now. :D

You get a kitchen remodel up to $20k.

[SAUTO]

But as sapho's blowhard millionaire friend has pointed out, you won't be able to park that lump sum in any one bank because it creates too much of a liquidity crisis. And you likely couldn't directly transfer it to a hedge fund because it would pretty much mean you just bought the fund and have given whoever manages it too much power in the market.
Where did he say that?

[Buehler445]

Wait, what do you mean?

Estate tax exemption is only 5 M per I believe.

[Rain Man]

But as sapho's blowhard millionaire friend has pointed out, you won't be able to park that lump sum in any one bank because it creates too much of a liquidity crisis. And you likely couldn't directly transfer it to a hedge fund because it would pretty much mean you just bought the fund and have given whoever manages it too much power in the market.

I'd put $100,000 each into 2,000 banks in long-term CDs. I'm serious. I would be Mr. Conservative. Give me FDIC protection and a meager return, and I'll live the golden life for the next 50 years.

[BucEyedPea]

You get a kitchen remodel up to $20k.

That's what it'll take for what I want.

[Rain Man]

You get a kitchen remodel up to $20k.


Can you put a condition on it that she has to bake me a lemon meringue pie? That's all I need for happiness.

[BucEyedPea]

the poor that have never had money, spend it like it will not run out. It does.
Winning the lottery does not make you Warren Buffet. It makes you an NBA player

From the above post-lew will be the first to be bankrupt.

Plus, you can't keep your name private when you win. So, I'm making an educated guess from my own experience, that when you come into a sudden windfall, it brings the vultures out. They probably get all kinds of people taking advantage of them too.

[displacedinMN]

Lew, you can pay for part of my new house

[BucEyedPea]

Can you put a condition on it that she has to bake me a lemon meringue pie? That's all I need for happiness.

Awe! I'd make you one anyway. I don't think it'd survive the flight though and get all mashed up, especially if there's turbulence. Colorado seems to have turbulence more often from my experience. It would look like I tossed a pie at your face.

[displacedinMN]

Plus, you can't keep your name private when you win. So, I'm making an educated guess from my own experience, that when you come into a sudden windfall, it brings the vultures out. They probably get all kinds of people taking advantage of them too.

There are a few states that allow anonymous winners,but I would guess the name gets out.

I would like to know how the nice couple in Missouri are doing. They won a few years ago.

[Rain Man]

Plus, you can't keep your name private when you win. So, I'm making an educated guess from my own experience, that when you come into a sudden windfall, it brings the vultures out. They probably get all kinds of people taking advantage of them too.

In some states, you can remain anonymous. I find that odd since it seems like it's public money, but for some reason there's anonymity in some states. I think Colorado allows you to be anonymous if I remember right, and it's not the only state.

[lewdog]

Lew, you can pay for part of my new house

As long as you don't put any shitty looking Chiefs or Hawkeyes shit in that house, consider it done.

[Discuss Thrower]

Where did he say that?

As far as I understand the banking system, what sapho's friend noted about such a huge sum in a bank / other investment vehicle is that the sheer size of such a deposit creates a liquidity problem that they'd likely never give you credit for that deposit in any meaningful amount should you wish to withdraw it.

Money in a bank isn't a considered by the bank to be an asset: it's a liability.

For the most part this is no problem because even if you have a million in 1st Bank of GoFuckYourself, chances are they have enough money to cover the withdraw without dipping into their required reserves (if they need them in the first place. And if they didn't have reserves, they can just call the Federal Reserve for a literal [so I've been told] truckload of cash money should every other customer of the 1st Bank of GoFuckYourself requests a withdrawal of their money because Mr Jason Sauto the millionaire just pulled out all his cash there and head off a bank run before it does any damage).

Now, instead of a million, you decide to pull out $200MM of your $300MM in 1st Bank of GoFuckYourself, that likely means taking out the entire 1BGFY's money supply and reserves at a clip that the bank can't logistically (or legally) handle.

[BucEyedPea]

Looks cool, but will there be girls there?

You want girls—not women? Oi Vey, Rain Main. :hmmm:

[displacedinMN]

As long as you don't put any shitty looking Chiefs or Hawkeyes shit in that house, consider it done.

You know better than that.

[Discuss Thrower]

I'd put $100,000 each into 2,000 banks in long-term CDs. I'm serious. I would be Mr. Conservative. Give me FDIC protection and a meager return, and I'll live the golden life for the next 50 years.

Until you choke on a wayward chicken bone at Buffalo Wild Wings and die without enjoying being the luckiest man in the world, you pussy.

[lewdog]

You know better than that.

YOUR CHOICE TO BE A FAN!

[Rain Man]

Awe! I'd make you one anyway. I don't think it'd survive the flight though and get all mashed up, especially if there's turbulence. Colorado seems to have turbulence more often from my experience. It would look like I tossed a pie at your face.

I'm pretty sure that Lew would fly you out to give it to me. First class, of course.

[displacedinMN]

YOUR CHOICE TO BE A FAN!

My wife is not letting paint the walls team colors either.

[Rain Man]

Until you choke on a wayward chicken bone at Buffalo Wild Wings and die without enjoying being the luckiest man in the world, you pussy.

Well, I'd clean out 15 accounts per year, don't get me wrong. Part of it would pay for a ninja doctor to be my bodyguard and personal Heimlicher.

[SAUTO]

As far as I understand the banking system, what sapho's friend noted about such a huge sum in a bank / other investment vehicle is that the sheer size of such a deposit creates a liquidity problem that they'd likely never give you credit for that deposit in any meaningful amount should you wish to withdraw it.

Money in a bank isn't a considered by the bank to be an asset: it's a liability.

For the most part this is no problem because even if you have a million in 1st Bank of GoFuckYourself, chances are they have enough money to cover the withdraw without dipping into their required reserves (if they need them in the first place. And if they didn't have reserves, they can just call the Federal Reserve for a literal [so I've been told] truckload of cash money should every other customer of the 1st Bank of GoFuckYourself requests a withdrawal of their money because Mr Jason Sauto the millionaire just pulled out all his cash there).

Now, instead of a million, you decide to pull out $200MM of your $300MM in 1st Bank of GoFuckYourself, that likely means taking out the entire 1BGFY's money supply and reserves at a clip that the bank can't logistically (or legally) handle.

I thought he was saying to take the annuity option and then get LOANS and use that money to invest. Theoretically the return on your investments outpaces the interest paid on the loans and make more money.


Did I read the post wrong?

[Rain Man]

You want girls—not women? Oi Vey, Rain Main. :hmmm:

I never went to prom.

[lewdog]

Honestly though, I'd do three major things with the money for others.

Although both of our parents are retired and going to live comfortably, I would give them a few million just to give them a good cushion and some extra play money for their retirement.

I'd pay off the mortgages of my two best friends and buy them a new car.

I'd donate yearly money to the local food banks here for whatever they would need to stay open and provide quality services.



The rest of my money would be invested in various forms and tax sheltered for inheritance to future generations of my family.

[Discuss Thrower]

I thought he was saying to take the annuity option and then get LOANS and use that money to invest. Theoretically the return on your investments outpaces the interest paid on the loans and make more money.


Did I read the post wrong?

That wasn't what I was posting about, but without thinking seriously about such a maneuver, I can't say it'd be the wrong way to go about things if you weren't able to put $300MM in fewer than a dozen entities without it creating a ginormous liquidity problem.

[lewdog]

I'm pretty sure that Lew would fly you out to give it to me. First class, of course.

How many stripper do you want on the flight?

Will you allow the pilot to have a few cocktails?

[Rain Man]

John D. Rockefeller handed out dimes in his old age. I would probably hand out $20 bills to random strangers.

[ptlyon]

I never went to prom.

ROFL

[Sorter]

I think it could be fun to burn all of it.

[SAUTO]

That wasn't what I was posting about, but without thinking seriously about such a maneuver, I can't say it'd be the wrong way to go about things if you weren't able to put $300MM in fewer than a dozen entities without it creating a ginormous liquidity problem.

Oh you brought up another point... I thought I was missing something in his post

[O.city]

I think it could be fun to burn all of it.

Joker style


Seriously thouh, how badass would it be to just take like, 5 mil and see what all you could get into in vegas

[Rain Man]

How many stripper do you want on the flight?

Will you allow the pilot to have a few cocktails?

I think that eight would be appropriate number. It's easy to manage and you can hold tournaments of varying sorts. The pilot would not be allowed to drink, but she would be allowed to open the cockpit door and watch the tournaments.

[dlphg9]

I'd do two girls at once

[lewdog]

I think that eight would be appropriate number. It's easy to manage and you can hold tournaments of varying sorts. The pilot would not be allowed to drink, but she would be allowed to open the cockpit door and watch the tournaments.

You trust a woman pilot? Shit, I don't trust women drivers.

[displacedinMN]

I think that eight would be appropriate number. It's easy to manage and you can hold tournaments of varying sorts. The pilot would not be allowed to drink, but she would be allowed to open the cockpit door and watch the tournaments.

Can I get in on this deal for a pie, or an apple crisp. Wife makes a KILLER apple crisp.

[Rain Man]

You trust a woman pilot? Shit, I don't trust women drivers.

Well, since my new rule would be that all of my servants have to be naked, it can't be a male pilot.

[displacedinMN]

ahh, its nice to dream.

[Rain Man]

Can I get in on this deal for a pie, or an apple crisp. Wife makes a KILLER apple crisp.

Check with Lew and BucEyed Pea, but it seems reasonable to me. She's getting a kitchen out of the deal.

[O.city]

Really, I'd pay off all my debt, do a few fancy things then just put most of it away/into things for the kids and future gens.

I like what I do and it'd be nice to just not have to worry about debt

[Sorter]

I'm surprised nobody has said they'd donate all of it.

[displacedinMN]

I sent this out in an email Wednesday




subject: It's been nice working with all of you.

But I shall not be here tomorrow.

For the lure of riches is upon me. With a 1 in 292,201,338.00 chance, I'm feeling lucky.

I plan on winning the Powerball tonight and will not have to step upon the doorstep of RMS again. ☺

When I win, I will buy everyone a hotdish.

Some people actually asked a friend if something was wrong or why was I quitting. :facepalm:

READ THE DAMN EMAIL.

[displacedinMN]

http://www.forbes.com/forbes-400/list/#version:static

[Rain Man]

When I think about what I'd actually do with it, here would be my plan*:

First, I have a deal with a friend where we split any lottery winnings of $1 million or more. So I'd come home with about $120 million.

Second, I'd spend one-third of the $120 million on helping others as follows:

I'd set up my parents and sister for retirement for a total of about $5 million.

I'd give about $2 million to various friends and people who have done right by me with meaningful gifts.

I'd set up deferred trusts for various nieces and nephews that would fund their retirements, for probably $2 million.

I'd give about $1 million to some extended family members.

I'd buy four good season tickets to the Chiefs and do a lottery on Chiefsplanet to use the tickets each week. Assume that I'd set aside $500,000 for that.

I'd start scholarship funds at my high school, undergrad school, and grad school, for a total of about $5 million in trust.

That would leave about $25 million in the Rain Man Foundation that would pick worthy causes each year. You could give away roughly $1 million per year forever with that kind of endowment.

Third, I'd have $80 million left for my own purposes. That would very conservatively produce about $1.5 to $2 million per year in income, so let's call it $900,000 per year after taxes. With that money, I would...

...live on a nice cruise ship two months per year, for probably $40,000.
...keep my house, most likely. I don't need a bigger house.
...have part-time staff in a personal trainer, cook, maid, and accountant for probably $250,000 per year part-time.
...buy a fancy sports car or two.
...run some crazy national polls and write books about the results.

I don't think I'd spend $900,000 a year in most years.



*This does not constitute a contract and Rain Man is in no way obligated to make any of these expenditures. Writings should be construed as fictional and speculative.

[RobBlake]

Lump sum. Use about 10%- 15% to invest in. Figure out which banks to store my money in.
Hook my mom up with the all her dreams. Buy a modest home. Pay for professions on the field of food, music, fitness to train me in their crafts. Become a major financial supporter to my fav band, travel the world. Hire a trusted cpa, get a solid legal team.. Not get married.

[BigRedChief]

I think it could be fun to burn all of it.Just start doing coke.

[SAUTO]

Just start doing coke.

You would be dead first trying to blow that much money.

[Jewish Rabbi]

I sent this out in an email Wednesday



Some people actually asked a friend if something was wrong or why was I quitting. :facepalm:

READ THE DAMN EMAIL.

I bet your coworkers love you.

[BucEyedPea]

Lump sum. Use about 10%- 15% to invest in. Figure out which banks to store my money in.
Hook my mom up with the all her dreams. Buy a modest home. Pay for professions on the field of food, music, fitness to train me in their crafts. Become a major financial supporter to my fav band, travel the world. Hire a trusted cpa, get a solid legal team.. Not get married.

A girl I know said if she won, she get the divorce papers ready.

[Buehler445]

A girl I know said if she won, she get the divorce papers ready.

She should file them first. He'd get half. In Kansas anyway.

[RobBlake]

A girl I know said if she won, she get the divorce papers ready.

Damn I hope she was joking lol I was only half assing as I'm using my phone but that's cold lol

[eDave]

She should file them first. He'd get half. In Kansas anyway.

Yup. That girl is dumb. Go figure.

[KC native]

Cash.

I'd buy residences in NYC and LA and KC (because that's home) so about $5-7 mil.

I'd buy an assortment of high end sports cars so probably about $5-7 million because racecar.

I'd pay off any debt of close family and friends and houses for a select few. So there goes $3-5 mil (I have a huge family and my mom would have a massive house with horses because that's what she wants).

I'd probably spend another $3 mil on a year long world wide vacation.

Coke, LOTS OF COKE, and hookers that act like they are models.

Remaining balance would be invested to see if I could become a billionaire.

[Psyko Tek]

tain't like I am living long after I get the payout

[Discuss Thrower]

Cash.

I'd buy residences in NYC and LA and KC (because that's home) so about $5-7 mil.



Discount cash flow that shit out 10 years down the line and see if it's worth it, or you're a pansy.

[ChiefsCountry]

Cash.

I'd buy residences in NYC and LA and KC (because that's home) so about $5-7 mil.

I'd buy an assortment of high end sports cars so probably about $5-7 million because racecar.

I'd pay off any debt of close family and friends and houses for a select few. So there goes $3-5 mil (I have a huge family and my mom would have a massive house with horses because that's what she wants).

I'd probably spend another $3 mil on a year long world wide vacation.

Coke, LOTS OF COKE, and hookers that act like they are models.

Remaining balance would be invested to see if I could become a billionaire.

WTH would want to leave Texas for NY and California? That's just asking for your money to be taking from you in taxes.

[KC native]

WTH would want to leave Texas for NY and California? That's just asking for your money to be taking from you in taxes.

Texas would remain the primary residence due to taxes.

Those residences would be there to serve as alternative bank accounts and party spots.

[KC native]

Discount cash flow that shit out 10 years down the line and see if it's worth it, or you're a pansy.

They're not there to be investments. That's what the rest of it is for. They're there for convenience and model whores.

[ChiefsCountry]

Texas would remain the primary residence due to taxes.

Those residences would be there to serve as alternative bank accounts and party spots.

That makes more sense.

[Rain Man]

Discount cash flow that shit out 10 years down the line and see if it's worth it, or you're a pansy.


Yeah, the only reason I'd buy real estate is to diversify my investments, I think. If it diversifies my money and appreciates I'd consider it, but otherwise it would likely be cheaper to do a really nice hotel suite if you're only there a couple of months out of the year.

But real estate as an appreciating diversification could be a good idea even if you use it sporadically.

[Rain Man]

They're not there to be investments. That's what the rest of it is for. They're there for convenience and model whores.

Good point. If you're only there for two months a year, but your concubines live there year round remaining chaste for you, it could have a positive payoff. I don't know if you'd have to pay employment tax on them, though.

[Discuss Thrower]

They're not there to be investments. That's what the rest of it is for. They're there for convenience and model whores.

<iframe width="560" height="315" src="https://www.youtube.com/embed/fLrpBLDWyCI?rel=0" frameborder="0" allowfullscreen></iframe>

[eDave]

<iframe width="560" height="315" src="https://www.youtube.com/embed/fLrpBLDWyCI?rel=0" frameborder="0" allowfullscreen></iframe>

It's $400m dude. Who gives a shit.

[Toby Waller]

<iframe width="560" height="315" src="https://www.youtube.com/embed/BdXPDAd1nYw" frameborder="0" allowfullscreen></iframe>

[Discuss Thrower]

It's $400m dude. Who gives a shit.

<iframe width="560" height="315" src="https://www.youtube.com/embed/yvHYWD29ZNY?rel=0" frameborder="0" allowfullscreen></iframe>

[eDave]

If I won $400m, I can do what I want. And I want a beach front property on Laguna Beach. Taxes won't stop me. And a big sailboat or yacht in Huntington Beach. Taxes and usage costs won't stop me.

[Gravedigger]

Get your numbers, play em, go into hiding if you win, profit.

[eDave]

Get your numbers, play em, go into hiding if you win, profit.

Lawyer up, with a BIG firm, get the hell out for a while.

[Stewie]

There are a few states that allow anonymous winners,but I would guess the name gets out.

I would like to know how the nice couple in Missouri are doing. They won a few years ago.

Kansas allows you to remain anonymous. Someone in Ottawa won a couple of years ago and chose not to divulge their name. I know some people that live there and they never heard who it was.

[Abba-Dabba]

Cash payout and disappear. All my posts from there on out would be through a paid representative.

[Abba-Dabba]

Kansas allows you to remain anonymous. Someone in Ottawa won a couple of years ago and chose not to divulge their name. I know some people that live there and they never heard who it was.

One of the few left that allow you to remain anonymous.

[Abba-Dabba]

As far as the money goes. Of course take care of mom and dad to live without financial worry. Brother's and sister's families would receive money to pay off existing debt, children's college tuition, and a decent amount for both of them to as they wish. My wife's family the same as well. But that number is really minimal of the total sum. 5-7 million maximum. I would take a sizable amount and place in trusts for my children. 25% for me and my wife and our financial future. The rest would be invested for future generations in my family after me and my wife are long gone.

[BlackOp]

I'm joining the Illuminati and going to hot hooker parties in old-ass mansions. Might run into C. Hunt there. Screw dealing with the serfs...

[Toby Waller]

exotic cheeses

https://www.beverlyhillscaviar.com/images/C/cheese.jpg

[Dayze]

I'd put $100,000 each into 2,000 banks in long-term CDs. I'm serious. I would be Mr. Conservative. Give me FDIC protection and a meager return, and I'll live the golden life for the next 50 years.
:thumb:

that's what my plan would be.

[displacedinMN]

I bet your coworkers love you.

I teach middle school. Humor is always needed.

It was a big difference from the email where a co-worker complained that they did not get any presents from their secret santa.

[Halfcan]

Stupid people never cease to amaze me...

Lady working the counter at a QuikTrip yesterday proceeds to explain to the customer in front of me how the powerball odds work. She explained that the odds were printed on the back of the ticket and if you buy multiple tickets you just divide those numbers and that will be your odds of hitting the jackpot. She herself was planning on buying 50 tickets!

LOL.

ROFL I always trust my financial advice to QT.

[KC native]

Good point. If you're only there for two months a year, but your concubines live there year round remaining chaste for you, it could have a positive payoff. I don't know if you'd have to pay employment tax on them, though.

Even if you had to pay employment tax, it would be worth it.

[KC native]

<iframe width="560" height="315" src="https://www.youtube.com/embed/fLrpBLDWyCI?rel=0" frameborder="0" allowfullscreen></iframe>

I realize you're doing your MBA, but a DCF isn't the be-all, end-all of analysis techniques. End values are way too dependent on assumptions.

Also, you're just jealous because if I win, I'll have a steady supply of wannabe model whores due to my brilliant plan.

[Halfcan]

When I think about what I'd actually do with it, here would be my plan*:

First, I have a deal with a friend where we split any lottery winnings of $1 million or more. So I'd come home with about $120 million.

Second, I'd spend one-third of the $120 million on helping others as follows:

I'd set up my parents and sister for retirement for a total of about $5 million.

I'd give about $2 million to various friends and people who have done right by me with meaningful gifts.

I'd set up deferred trusts for various nieces and nephews that would fund their retirements, for probably $2 million.

I'd give about $1 million to some extended family members.

I'd buy four good season tickets to the Chiefs and do a lottery on Chiefsplanet to use the tickets each week. Assume that I'd set aside $500,000 for that.

I'd start scholarship funds at my high school, undergrad school, and grad school, for a total of about $5 million in trust.

That would leave about $25 million in the Rain Man Foundation that would pick worthy causes each year. You could give away roughly $1 million per year forever with that kind of endowment.

Third, I'd have $80 million left for my own purposes. That would very conservatively produce about $1.5 to $2 million per year in income, so let's call it $900,000 per year after taxes. With that money, I would...

...live on a nice cruise ship two months per year, for probably $40,000.
...keep my house, most likely. I don't need a bigger house.
...have part-time staff in a personal trainer, cook, maid, and accountant for probably $250,000 per year part-time.
...buy a fancy sports car or two.
...run some crazy national polls and write books about the results.

I don't think I'd spend $900,000 a year in most years.



*This does not constitute a contract and Rain Man is in no way obligated to make any of these expenditures. Writings should be construed as fictional and speculative.

:clap: Smart to put this on there.

Lots of lottery winners get sued by there friends and families. They end up broke.

[KC native]

Seriously though.

How awesome would it be to buy a kilo and throw a party for you, a couple guy friends, and about 3 dozen wannabe model whores?

[Discuss Thrower]

I realize you're doing your MBA, but a DCF isn't the be-all, end-all of analysis techniques. End values are way too dependent on assumptions.

Also, you're just jealous because if I win, I'll have a steady supply of wannabe model whores due to my brilliant plan.

MSF.

And if I were sitting down to analyze a company, and look at both EBITDA and the DCF to get a feel for what's going on with a company.

And you'll be jealous if I win the pot and wind up fathering more children (consensually) than Ghenghis fucking Khan did. Fucking geneticists 500 years from now is going to wonder why a sixth of the male population in what is now North America have the same common ancestor and it's gonna be me Martha Focker

[KC native]

MSF.

And if I were sitting down to analyze a company, and look at both EBITDA and the DCF to get a feel for what's going on with a company.

And you'll be jealous if I win the pot and wind up fathering more children (consensually) than Ghenghis fucking Khan did. Fucking geneticists 500 years from now is going to wonder why a sixth of the male population in what is now North America have the same common ancestor and it's gonna be me Martha Focker

The only thing I can stress is to remember there is as much art to DCF and financial analysis as there is science.

Also, in practice, models are much simpler than you would expect.

And fuck having a bunch of kids. I'm blowing that money on myself.

[Discuss Thrower]

The only thing I can stress is to remember there is as much art to DCF and financial analysis as there is science.

Also, in practice, models are much simpler than you would expect.

And **** having a bunch of kids. I'm blowing that money on myself.

Right. And in class I haven't really practiced either method outside of a few assignments for an entrepreneurship class so I'm obviously not too experienced. And work wise I'm not doing too much critical thinking of real estate finances and just let the spreadsheet do all of the calculating.

[displacedinMN]

:clap: Smart to put this on there.

Lots of lottery winners get sued by there friends and families. They end up broke.

You know someone somewhere will claim "He said on CP that he would give me money. We entered into a contract. We deserve it!!!!"

Yet another thing wrong with people.

[Buehler445]

exotic cheeses

https://www.beverlyhillscaviar.com/images/C/cheese.jpg

F******* that. I buy crop insurance from a french guy. He gave me some Brie cheese. It was awful. Truly fucking horrible.

[Stewie]

Stupid people never cease to amaze me...

Lady working the counter at a QuikTrip yesterday proceeds to explain to the customer in front of me how the powerball odds work. She explained that the odds were printed on the back of the ticket and if you buy multiple tickets you just divide those numbers and that will be your odds of hitting the jackpot. She herself was planning on buying 50 tickets!

LOL.

So, she's stupid for buying 50 tickets, or for increasing her odds by buying more than one ticket?

[RobBlake]

I'm joining the Illuminati and going to hot hooker parties in old-ass mansions. Might run into C. Hunt there. Screw dealing with the serfs...

Illuminati enjoys homosexual parties

[displacedinMN]

I'll buy the bandit car

http://www.foxnews.com/leisure/2016/01/08/smokey-and-bandit-trans-am-comes-to-life-on-barrett-jackson-auction-block/?intcmp=hpff

[Rain Man]

The cash value is up to $498 million. That amount would allow me to retire ahead of schedule.

As an aside, I'm not sure I agree with some of the probability theories being proposed in this thread.

[eDave]

The cash value is up to $498 million. That amount would allow me to retire ahead of schedule.

As an aside, I'm not sure I agree with some of the probability theories being proposed in this thread.

I picked up two today. First time ever. One for me, one for this girl I'm seeing. She will need to sign some documents first though. Just in case.

I'm gonna be RICH

[Hog's Gone Fishin]

Seriously though.

How awesome would it be to buy a kilo and throw a party for you, a couple guy friends, and about 3 dozen wannabe model whores?

And then get busted and spend the next 20 in prison .

[Rain Man]

And then get busted and spend the next 20 in prison .

That would actually be kind of funny in a cruel way. End up sitting in prison with $500 million sitting around until you get out in 20 years. I bet every day would last a lifetime.

[Radar Chief]

Hookers and blow.

<iframe src="http://www.ebaumsworld.com/media/embed/84887872" width="567" height="345" frameborder="0"></iframe>

[loochy]

http://cdn.meme.am/instances/57188007.jpg

[DaFace]

Maybe 50 CPers should all throw in $100 each and go in on it together.

[Hog's Gone Fishin]

That would actually be kind of funny in a cruel way. End up sitting in prison with $500 million sitting around until you get out in 20 years. I bet every day would last a lifetime.

I'll bet you could be the kingpin in prison with lots of friends.

[Hog's Gone Fishin]

Maybe 50 CPers should all throw in $100 each and go in on it together.

We would need Hootie for that

[KC native]

And then get busted and spend the next 20 in prison .

If you have that much money, you're not getting busted. Even if you did get busted, you're spending minimal time in jail.

[eDave]

If you have that much money, you're not getting busted. Even if you did get busted, you're spending minimal time in jail.

With that kind of bread, you are doing coke with the Mayor.

[KC native]

With that kind of bread, you are doing coke with the Mayor.

and maybe the head of the FBI and DEA.

[Donger]

I think I saw the El Chapo at the local 7/11 a few days ago buying a ticket. ****er will probably win.

[Halfcan]

The cash value is up to $498 million. That amount would allow me to retire ahead of schedule.

As an aside, I'm not sure I agree with some of the probability theories being proposed in this thread.

People still have a day to buy tickets too. Cash payout might be up around 550 million or higher by the time I win it.

I am not sure what I am going to do with the money- probably get some brake work done on my truck, get a couple new pairs of shoes and just deposit the rest in my savings account for a rainy day.

[Hog's Gone Fishin]

If you have that much money, you're not getting busted. Even if you did get busted, you're spending minimal time in jail.

Tell that to El Chapo, Oh wait ,yep you're right .

[Discuss Thrower]

This pot is going to wind up being split something like 4 ways. Because we're all in Carcosa now.

[Line Judge]

First thing that I would do is buy a house in New Zealand and provide for standby emergency transportation to get there.

[scho63]

I'VE DECIDED TO BUY THIS BOEING BUSINESS JET TO GO ALONG WITH MY YACHT I POSTED EARLIER NOW THAT THE PRIZE HAS JUMPED ANOTHER $200 MILLION :D

http://www.globaljetconcept.com/sites/default/files/aircraft_sales/gallery/boeing-1.jpg

http://www.globaljetconcept.com/sites/default/files/aircraft/gallery/boeing-9.jpg

http://www.globaljetconcept.com/sites/default/files/aircraft_sales/gallery/boeing-4.jpg

[eDave]

I'm going to buy this:
http://esq.h-cdn.co/assets/15/17/980x490/landscape-1429818045-yachtnew.jpg

[Valiant]

In some states, you can remain anonymous. I find that odd since it seems like it's public money, but for some reason there's anonymity in some states. I think Colorado allows you to be anonymous if I remember right, and it's not the only state.

Should be all states, you know how many people try to blackmail, kidnap or kill these people?

The government knows who won and that is all that should matter for child support or liens.

[Radar Chief]

http://cdn.meme.am/instances/57188007.jpg

Reminds me of the old joke:
Guy wins the lottery and calls his wife all excited, "You'll never believe it! I just won the lottery! $600 Million dollars! Start packing your things!"
The wife replies, "OMG! That's fantastic but what should I take, winter or summer clothes?" Husband replies, "I don't care, just be gone by the time I get home."

[Iowanian]

I'll take the cash and do a lot of cool shit with it.


People always talk about probability when discussing this topic. I personally know 4 people who have won jackpots between $2M-$9M.

One of the people I knew from college had parents that had won jackpots in 2 states a couple of years apart. He's dead so it didn't matter to him. One of the families still work regular jobs and didn't change anything other than a new house. One quit his job as a custodian and got into local politics and charity.

[bobbymitch]

This pot is going to wind up being split something like 4 ways. Because we're all in Carcosa now.

Nah, it'll be split between the seven of old retirees who have coffee every morning at Woodrow's.

And yes, we'll take the lump sum as none of us will make it for the 30-year payout.

Hey, I have never, ever won anything, so I'm due. It does suck to be me, but I can't be anyone else.

[RobBlake]

I'm going to buy this:
http://esq.h-cdn.co/assets/15/17/980x490/landscape-1429818045-yachtnew.jpg

you could literally say anything and them bitches would giggle like you're chris rock.

[Rain Man]

you could literally say anything and them bitches would giggle like you're chris rock.

That's what you're paying them for.

That and the orgy, of course.

[Aries Walker]

Bought my three tickets today. If I win the big prize, a fully BBQ-catered and irresponsibly beer-stocked tailgate and massive rich-people box at next year's home Raiders game is on me.

You're all invited.

[Halfcan]

Power Ball over 900 million!!


http://www.usatoday.com/story/money/nation-now/2016/01/09/sale-grow-powerball-millions-saturday-drawing/78552386/

[Discuss Thrower]

Bought my three tickets today. If I win the big prize, a fully BBQ-catered and irresponsibly beer-stocked tailgate and massive rich-people box at next year's home Raiders game is on me.

You're all invited.

Oh my friend you are about to be sued for this comment. I want my bennies.

[MotherfuckerJones]

If I win the $900 million powerball, I'll pay Michael Bay to stop making shitty Ninja Turtles remakes

[Fairplay]

As an aside, I'm not sure I agree with some of the probability theories being proposed in this thread.

You mean you don't agree that you double your chances of winning the lottery by buying two tickets not just one?

[Fairplay]

When I think about what I'd actually do with it, here would be my plan*:

First, I have a deal with a friend where we split any lottery winnings of $1 million or more. So I'd come home with about $120 million.

Second, I'd spend one-third of the $120 million on helping others as follows:

I'd set up my parents and sister for retirement for a total of about $5 million.

I'd give about $2 million to various friends and people who have done right by me with meaningful gifts.

I'd set up deferred trusts for various nieces and nephews that would fund their retirements, for probably $2 million.

I'd give about $1 million to some extended family members.

I'd buy four good season tickets to the Chiefs and do a lottery on Chiefsplanet to use the tickets each week. Assume that I'd set aside $500,000 for that.

I'd start scholarship funds at my high school, undergrad school, and grad school, for a total of about $5 million in trust.

That would leave about $25 million in the Rain Man Foundation that would pick worthy causes each year. You could give away roughly $1 million per year forever with that kind of endowment.

Third, I'd have $80 million left for my own purposes. That would very conservatively produce about $1.5 to $2 million per year in income, so let's call it $900,000 per year after taxes. With that money, I would...

...live on a nice cruise ship two months per year, for probably $40,000.
...keep my house, most likely. I don't need a bigger house.
...have part-time staff in a personal trainer, cook, maid, and accountant for probably $250,000 per year part-time.
...buy a fancy sports car or two.
...run some crazy national polls and write books about the results.

I don't think I'd spend $900,000 a year in most years.



*This does not constitute a contract and Rain Man is in no way obligated to make any of these expenditures. Writings should be construed as fictional and speculative.


That is a very honorable plan Rain Man I hope you win.

[ThaVirus]

$900 million?

The things I could do...

[Pablo]

If you win that much money, why wouldn't you just give half away to your friends, family, charity whatever right off the bat. If I come up, everyone else is going to.

[MotherfuckerJones]

$900 million?

The things I could do...

Get a bigger TV/Dane :D

[MotherfuckerJones]

If you win that much money, why wouldn't you just give half away to your friends, family, charity whatever right off the bat. If I come up, everyone else is going to.

This

I'd definitely give some money away

[Bwana]

If the Chiefs manage to pull this one off today and a Chief's fan wins the lottery I would fear for their life. That much excitement in one day would likely tip a person over from a grabber.

[ChiefsCountry]

If the Chiefs manage to pull this one off today and a Chief's fan wins the lottery I would fear for their life. That much excitement in one day would likely tip a person over from a grabber.

Chiefs winning a playoff game or winning the lottery? Which odds are better. :D

[Bwana]

Chiefs winning a playoff game or winning the lottery? Which odds are better. :D

I'll go with the Chiefs, I think they are going to do it! :hmmm:

[TigeRRUppeRRcut]

Cash option. Then open up your own credit union.

[stevieray]

If you win that much money, why wouldn't you just give half away to your friends, family, charity whatever right off the bat. If I come up, everyone else is going to.

:clap:

[PA Chiefs]

Buy the Kansas City Chiefs and move them to LA.....just kidding.
Just help as many people as possible and get as far off the grid as you can get with that much money.

[Demonpenz]

Maybe 50 CPers should all throw in $100 each and go in on it together.

They tried that with FanDuel and we saw how that turned out

[BigMeatballDave]

They tried that with FanDuel and we saw how that turned out

Speaking of which, what happened with that?

[Otter]

Not sure what I'd do with all that money. Besides never be in debt again in my life probably buy some land and build a 3 or 4 bedroom that I designed myself on about 15-20 acres in the middle of nowhere. Besides the lack of a big chunk of land I'm a pretty happy camper.

[Demonpenz]

Speaking of which, what happened with that?

They tried to raise money and there was an argument. Right around Christmas time :( Chiefs fans are the worst.

[Demonpenz]

If I won 700 million the first thing I would say if they asked me "What are you going to do with 700 Million?" I would say "Make it into 7 Billion" then put on sunglasses and play "light em up up up up" by Fallout boy.

[Bwana]

Not sure what I'd do with all that money. Besides never be in debt again in my life probably buy some land and build a 3 or 4 bedroom that I designed myself on about 15-20 acres in the middle of nowhere. Besides the lack of a big chunk of land I'm a pretty happy camper.

Make sure your old buddy Bwana could retire the next day because if I win, you can bet your ass you will be in the same boat along with a few other friends I warm up to. :thumb:

[KCUnited]

I'd host and 100% fund the largest annual open air extreme music festival in the world. All hand selected bands + travel and accommodations. All ages and free to the public of course.

[TambaBerry]

I'd give everyone I like on cp 100k the others I'd send them a paper bag with shit in it

[Otter]

Make sure your old buddy Bwana could retire the next day because if I win, you can bet your ass you will be in the same boat along with a few other friends I warm up to. :thumb: You got it bud! Let's go Chiefs first then we'll win the power ball and retire to fly fishing heaven. :toast:

[TambaBerry]

You got it bud! Let's go Chiefs first then we'll win the power ball and retire to fly fishing heaven. :toast:

can i come? I love fly fishing I promise ill be good

[RobBlake]

Even though it is publically funded.. I would wish to remain anon and avoid the leeches and give freely without the guilt trips

[PHOG]

My wife's cousin and 29 co-workers won a mil from Wednesday's draw...pretty cool. Would be a nice trip, or whatever, pay some bills. :hmmm:

[RobBlake]

for those of you who do not love your current job.. how would you go about quitting? lol

[displacedinMN]

bought 5 tickets

Clerk said someone came in and dropped 200.00 on tickets.
hope it was for a group