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-   -   Chiefs Mega Millions at $1.1 BILLION (https://chiefsplanet.com/BB/showthread.php?t=344610)

ptlyon 07-28-2022 01:57 PM

Quote:

Originally Posted by Zebedee DuBois (Post 16385976)
I
What would I buy? maybe some billboards to share my thoughts.

That would be awesome. Huge digital billboard you can remote in and change the message whenever you please. Maybe figure out a way to rotate the CPDC meme thread.

Abba-Dabba 07-28-2022 02:01 PM

Quote:

Originally Posted by The Franchise (Post 16385973)
Which I’m sure would result in complaints from people who didn’t get anything. That’s why I thought about just paying shit off for family like houses and bills. Yeah, you didn’t get millions but you are debt free.

Which I’m sure they would rack up more and then show up to get that paid off.

Why give equal lump sums of money?

Why not have a advisor do a financial life analysis to bring all family members up to a certain standard of living and wealth?

ChiefsCountry 07-28-2022 02:10 PM

I think I would build different kind of entertainment venues. It would be a way to share your wealth to many and still fine a way to make a return on it.

ToxSocks 07-28-2022 02:33 PM

Quote:

Originally Posted by The Franchise (Post 16385958)
If you win and plan on giving some to family….how much would you give them? A million? Just pay off their bills?

Are you not giving them anything?

Assuming i've taken the lump sum worth about $500M after taxes:


I'd probably buy 2-4 large houses (Mexicans).

I may or may not keep them in my name. Depends on who they're for.

I would set up an account (or multiple accounts) with access to around $5M total. Either several accounts or one big one that they can all access.

They'd need to figure out the rest. What their living situations will be and how they want to divide the money.

I'd explain that this is all they're getting. You're set now. It's up to you to use the money wisely.

My biggest worry is that my bro in laws would use the money to live a reckless lifestyle. One that could lead to possibly death even.

But im not their daddy. I can't tell them how to live. All i can do is provide an opportunity.

ThaVirus 07-28-2022 02:42 PM

Quote:

Originally Posted by Detoxing (Post 16386041)
I would set up an account (or multiple accounts) with access to around $5M total. Either several accounts or one big one that they can all access.

They'd need to figure out the rest.

****ing terrible idea lol

It absolutely has to be individual accounts if you're going that route.

ToxSocks 07-28-2022 02:54 PM

Quote:

Originally Posted by ThaVirus (Post 16386053)
****ing terrible idea lol

It absolutely has to be individual accounts if you're going that route.

See, i don't really care to be involved in that process of deciding who gets what and playing daddy big bucks.

Let them sort it out and whatever drama comes of it has nothing to do with me. Here's your family entitlement bonus, now piss off and leave me alone.

And family dynamics have to be factored in. My family (more like my wife's family) are very close and share everything...to a fault to be honest.

My bro in laws....none of them are responsible enough on their own with that kind of money.

They're going to use the money to buy booze, drugs...guns and cars that they'll probably wreck.

Hog's Gone Fishin 07-28-2022 03:02 PM

Honestly I'd take about 50% and put it in real estate. You'd double you money in 5-10 years. Single family homes.

Abba-Dabba 07-28-2022 03:02 PM

Quote:

Originally Posted by Detoxing (Post 16386074)
See, i don't really care to be involved in that process of deciding who gets what and playing daddy big bucks.

Let them sort it out and whatever drama comes of it has nothing to do with me. Here's your family entitlement bonus, now piss off and leave me alone.

And family dynamics have to be factored in. My family (more like my wife's family) are very close and share everything...to a fault to be honest.

My bro in laws....none of them are responsible enough on their own with that kind of money.

They're going to use the money to buy booze, drugs...guns and cars that they'll probably wreck.

Provides them with the money and assets that equal no more than whatever amount you have determined. Make legally binding agreements that require them being financially literate enough to your expectations before any thing would ever be put in there hands. With the understanding there will be no more money coming there way, ever.

The rest whether it be drugs, poor investments, bad business decisions is all on them.

Abba-Dabba 07-28-2022 03:03 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 16386089)
Honestly I'd take about 50% and put it in real estate. You'd double you money in 5-10 years. Single family homes.

I'd be more interested in land with mineral rights.

ChiefsCountry 07-28-2022 03:05 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 16386089)
Honestly I'd take about 50% and put it in real estate. You'd double you money in 5-10 years. Single family homes.

Apartments are a better value than single family IMO. You always have some rent coming in from them, if a single family moves out no income.

Abba-Dabba 07-28-2022 03:10 PM

Quote:

Originally Posted by ChiefsCountry (Post 16386099)
Apartments are a better value than single family IMO. You always have some rent coming in from them, if a single family moves out no income.

Maintenance, insurance, property taxes, laws and regulations out the ass, bullshit upon bullshit.

**** all that nonsense.

The Franchise 07-28-2022 03:11 PM

Quote:

Originally Posted by ThaVirus (Post 16386053)
****ing terrible idea lol

It absolutely has to be individual accounts if you're going that route.

Quote:

Originally Posted by Detoxing (Post 16386074)
See, i don't really care to be involved in that process of deciding who gets what and playing daddy big bucks.

Let them sort it out and whatever drama comes of it has nothing to do with me. Here's your family entitlement bonus, now piss off and leave me alone.

And family dynamics have to be factored in. My family (more like my wife's family) are very close and share everything...to a fault to be honest.

My bro in laws....none of them are responsible enough on their own with that kind of money.

They're going to use the money to buy booze, drugs...guns and cars that they'll probably wreck.

I figure for my niece's and nephew's....it would be a set amount put in holding until they completed college and hit the age of 25. Obviously college would be paid for.

I figured for close family....it would just all debt paid off with an agreement that any debt accrued after that....they would be responsible for.

Hog's Gone Fishin 07-28-2022 03:22 PM

Quote:

Originally Posted by ChiefsCountry (Post 16386099)
Apartments are a better value than single family IMO. You always have some rent coming in from them, if a single family moves out no income.

My little town has such a high demand for rentals its ridiculous. My name is on the landlords list with the local chamber of commerce and I receive at least one call every single day from people looking for a rental.

When I moved here in 1998 there was nothing available . I had to actually buy a house just to move and it's never changed.

Now I have 17 houses.

When I win this lotto I'll own the whole damn town and rents are going to skyrocket. It's all in my plan.

I think small apartment buildings would be good with say 20-25 spaces but they can be a headache , especially if they are two story. When you get a broken water line on the 2nd floor it floods the first floor and it always happens in the middle of the night. I took a part time job for awhile last year doing maintenance for an apartment complex and it was as bad as having Hog Farm. People tearing shit up.

TLO 07-28-2022 03:28 PM

This hypothetical conversation is hypothetical

MarkDavis'Haircut 07-28-2022 04:03 PM

Become a James Bond villain and build a lair with hot women.


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