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Old 07-28-2022, 11:15 AM  
Hog's Gone Fishin Hog's Gone Fishin is offline
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I need a bigger boat!

And a lakehouse!

And a Lake!

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Old 07-28-2022, 01:57 PM   #91
ptlyon ptlyon is online now
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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.
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Old 07-28-2022, 02:01 PM   #92
Abba-Dabba Abba-Dabba is offline
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Originally Posted by The Franchise View Post
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?
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Old 07-28-2022, 02:10 PM   #93
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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.
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Old 07-28-2022, 02:33 PM   #94
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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.
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Old 07-28-2022, 02:42 PM   #95
ThaVirus ThaVirus is offline
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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.
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Old 07-28-2022, 02:54 PM   #96
ToxSocks ToxSocks is offline
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****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.
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Old 07-28-2022, 03:02 PM   #97
Hog's Gone Fishin Hog's Gone Fishin is offline
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Honestly I'd take about 50% and put it in real estate. You'd double you money in 5-10 years. Single family homes.
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Old 07-28-2022, 03:02 PM   #98
Abba-Dabba Abba-Dabba is offline
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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.
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Old 07-28-2022, 03:03 PM   #99
Abba-Dabba Abba-Dabba is offline
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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.
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Old 07-28-2022, 03:05 PM   #100
ChiefsCountry ChiefsCountry is online now
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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.
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Old 07-28-2022, 03:10 PM   #101
Abba-Dabba Abba-Dabba is offline
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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.
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Old 07-28-2022, 03:11 PM   #102
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****ing terrible idea lol

It absolutely has to be individual accounts if you're going that route.
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Originally Posted by Detoxing View Post
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.
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Old 07-28-2022, 03:22 PM   #103
Hog's Gone Fishin Hog's Gone Fishin is offline
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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.
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Old 07-28-2022, 03:28 PM   #104
TLO TLO is offline
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Old 07-28-2022, 04:03 PM   #105
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