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Old 02-09-2014, 02:11 PM  
houstonwhodat houstonwhodat is offline
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You Just Won The Lottery - Now What?
So I'm channel surfing and I see this program "The Lottery Changed My Life".

No shit Sherlock.

I play the lottery every week. Not expecting much but what the hell.

So you wake up Sunday morning, check your numbers and what do you know you actually won the ****ing lottery.

Do you cash it in right away?
Quit your job right away?
Tell ANYONE?
Talk to a lawyer?
Talk to a financial adviser?
Get drunk?
Go to Vegas?
Hire some primo escorts?
Buy a Ferrari or other supercar?
Live like a king or stash it away and stay right where you are?


Me personally, I would talk to a lawyer and financial adviser about setting up something to protect me and my money before I cash it in.

Then pay off my house, all my bills and my immediate family too. You're bound to hear from relatives and friends you didn't know you had.

Then I'm not really sure.

Maybe go on a trip around the world to think about things.

I've seen too many horror stories about people winning it all and they're life is miserable.
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Old 02-10-2014, 01:53 PM   #91
vailpass vailpass is offline
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That's why you pick a family member to split the ticket with before claiming it.

Like you hear how a group of people won together

If it was a big amount won then i would probably say my father and sister won the lottery with me. Save gifting tax issues later by splitting the initial prize.

Then i know my immediate family is taken care of and don't tell anyone else.
That sounds reasonable though i have zero knowledge of lottery law.
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Old 02-10-2014, 01:58 PM   #92
Mr. Laz Mr. Laz is offline
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That sounds reasonable though i have zero knowledge of lottery law.
I imagine you could also give people different % of the winning.

ie We went in together to buy lottery tickets but person A contributed more money so they get 50% of winnings, person A only gave 2 bucks so they get 20% of the winning etc

How are they going to know who put in money to buy the tickets?

200 million dollar winnings

I get 100 million
sister gets 50 million
father gets 50 million

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Old 02-10-2014, 02:04 PM   #93
houstonwhodat houstonwhodat is offline
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They don't pay any taxes on the winnings if you won the lottery in Canada.
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Old 02-10-2014, 02:07 PM   #94
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Old 02-10-2014, 02:10 PM   #95
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I only play when it's like a 300,000,000$ payout so

I don't quit my job I buy the store I work at I actually like my job so I keep doing what I do just hire some people to do the parts I don't like.

I set aside 10,000,000 to just blow through on wasteful things nothing that most would notice a nice tv,computer upgrade ETC . I give some to family that I do know. And probably some charities and stuff.

The rest I find a new house nothing to big but better then my current one. Put most of up to have whenever I need it. And just enjoy life
You could also consider enrolling in grammar school
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Old 02-10-2014, 02:14 PM   #96
kepp kepp is offline
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You could also consider enrolling in grammar school
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Old 02-10-2014, 02:18 PM   #97
vailpass vailpass is offline
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You could also consider enrolling in grammar school
Though if he won 300 mil he could tell everyone 2 gaugh skrew themsevez.
Or have his body gaurd do it for him...
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Old 02-10-2014, 02:57 PM   #98
tmh tmh is offline
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Old 02-10-2014, 02:58 PM   #99
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Originally Posted by kepp View Post
1. Hire lawyer / financial advisor
2. Take bulk cash payment
3. Probably quit my job...maybe not right away though
4. Set up some sort of trust for family members (with me not in charge)
5. Give a good portion to church/charity
6. Buy an abandoned missile silo complex and do a bad@ss renovation
7. Buy lots of acreage in various locations (Idaho, Montana, Wyoming, etc)
8. Live life...travel, learn new things, take up new hobbies
I would consider buying 10,000 acres of land, but I'd buy it one acre wide and 10,000 acres long. That way I could go for long treks on my property, but I could also turn left or right and find a Dairy Queen within ten minutes.
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Old 02-10-2014, 03:00 PM   #100
vailpass vailpass is offline
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I would consider buying 10,000 acres of land, but I'd buy it one acre wide and 10,000 acres long. That way I could go for long treks on my property, but I could also turn left or right and find a Dairy Queen within ten minutes.
Peanut, how your mind works is God's own private mystery/Wild at Heart
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Old 02-10-2014, 03:05 PM   #101
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I would eat until i got fat.

Wait.. did I win the lottery?
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Old 02-10-2014, 03:09 PM   #102
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I would consider buying 10,000 acres of land, but I'd buy it one acre wide and 10,000 acres long. That way I could go for long treks on my property, but I could also turn left or right and find a Dairy Queen within ten minutes.
That's going to cost you a TON of money.
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Old 02-10-2014, 03:19 PM   #103
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That's going to cost you a TON of money.
In this scenario, I have a ton of money. It's kismet.
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Old 02-10-2014, 03:19 PM   #104
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Old 02-10-2014, 03:24 PM   #105
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I would eat until i got fat.

Wait.. did I win the lottery?
LOL.


I think I won too. I'm rich!
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