Powerball

[Gonolz]

I'm beginning to think this thing is rigged. I cashed in half of my retirement account so I had enough tickets to win. Somehow I didn't win. I guess I always have next time to put the rest of my retirement account into it so I can retire. I think I'm due next time!!!

 

[maddog69]

You had a better chance of getting struck by lightening.....twice.

 

[NDallasRuss]

You just didn't try hard enough.

 

[DanC78]

This guy proves it can be done.

Wonder how many folks haven't been caught???

https://www.google.com/amp/amp.time...powerball-lottery-prison-sentence/?source=dam

 

[BarryB1081]

The lottery; a tax on the mathematically challenged.

 

[NDallasRuss]

The lottery; a tax on the mathematically challenged.

Your glass is clearly half-empty.

Gonolz can do it. IF he believes in himself hard enough.

 

[SoddyNole]

One guy wins 759 million. Lump sum payment 480.5 million at 39.6 tax bracket roughly 190 million in taxes (easy math without going through the bracket) which nets 290.5 million.

So to those that tithe do you write a check for 29 million or 75.9 million or is there a clause for lottery winnings?

 

[62Nole]

Tell the preacher that he can all of the next one you win. And you need 100% of this one to pay off lost bets on FSU in Omaha.

 

[Gonolz]

Your glass is clearly half-empty.

Gonolz can do it. IF he believes in himself hard enough.

 

[seminole97]

One guy wins 759 million. Lump sum payment 480.5 million at 39.6 tax bracket roughly 190 million in taxes (easy math without going through the bracket) which nets 290.5 million.

Obviously the popular thing to do is have more debt when you get your last lotto payment as you had when you get your first.

How would an LRer blow/diversify 300mm?
Even at Bernanke interest rates you wouldn't have to work for anyone, so what would you do?

 

[NDallasRuss]

How would an LRer blow/diversify 300mm?

Cocaine AND hookers.

 

[SoddyNole]

Obviously the popular thing to do is have more debt when you get your last lotto payment as you had when you get your first.

How would an LRer blow/diversify 300mm?
Even at Bernanke interest rates you wouldn't have to work for anyone, so what would you do?

Redhead , Brunettes and Blondes and copious amounts of blow.

 

[PoopandBoogers]

Wouldja?

Spoiler

 

[ReliableOstrich]

How would an LRer blow/diversify 300mm?

not sure life would change much. prob upgrade from a studio apt to a 2 bedroom condo.

maybe go on a few more vacations. keep working but likely change my focus to education equality.

not sure i'd change my spending habits much. likely invest in some PE funds.

 

[GoNolesTX]

I'd buy a car made of gold. Not a chance Ramathorne would be able to catch me.

 

[EveryoneBleedsGarnet]

I am probably in the minority but winning the lottery sounds like my worst nightmare. It would take all of the fun out of business and you'd never feel like you earned anything you were spending your money on. They say most people that win it end up wishing they didn't. The only possible way I could see myself enjoying it is if I used every last cent of it as seed money into a new world changing business or gave it all away.

 

[Formerly Rockymtnole]

I am probably in the minority but winning the lottery sounds like my worst nightmare. It would take all of the fun out of business and you'd never feel like you earned anything you were spending your money on. They say most people that win it end up wishing they didn't. The only possible way I could see myself enjoying it is if I used every last cent of it as seed money into a new world changing business or gave it all away.

I've heard that too, but I'm perfectly willing to test the theory. Pretty sure I'd be fine.

 

[FSUdawg]

She has already made her first mistake, going to claim the prize the morning after winning. She should have gone out hired an attorney & accountant, then brought them with her to claim the prize. From there she can put the money where she wants from the start. No more than likely it is going into her checking account, and before she gets around to getting things setup a nice chunk will be gone.

Granted with ~300 million, I doubt she will blow it all before setting things up for the future, but you never know.

 

[NDallasRuss]

I am probably in the minority but winning the lottery sounds like my worst nightmare. It would take all of the fun out of business and you'd never feel like you earned anything you were spending your money on. They say most people that win it end up wishing they didn't. The only possible way I could see myself enjoying it is if I used every last cent of it as seed money into a new world changing business or gave it all away.

I'm certain that you and i see business in a different way. I only see work as the means by which to take care of my family and do all of the things that I want to in this world. If I win the lottery, it removes the part of my life that exists only as a necessity, and expands my ability to care for my family, and my ability to see/do/accomplish everything in this world that I want to.

 

[goldmom]

She has already made her first mistake, going to claim the prize the morning after winning. She should have gone out hired an attorney & accountant, then brought them with her to claim the prize. From there she can put the money where she wants from the start. No more than likely it is going into her checking account, and before she gets around to getting things setup a nice chunk will be gone.

Granted with ~300 million, I doubt she will blow it all before setting things up for the future, but you never know.

Unless she is ALREADY a tax attorney, she's a certifiable dimwit.

 

[EveryoneBleedsGarnet]

I'm certain that you and i see business in a different way. I only see work as the means by which to take care of my family and do all of the things that I want to in this world. If I win the lottery, it removes the part of my life that exists only as a necessity, and expands my ability to care for my family, and my ability to see/do/accomplish everything in this world that I want to.

I don't have kids and running my business is one of my favorite things in life so yes, we probably do see business in a different way.

 

[Formerly Rockymtnole]

I don't have kids and running my business is one of my favorite things in life so yes, we probably do see business in a different way.

But you could quit, buy a 1,000 acre ranch and shoot your ARs 24/7!

 

[NDallasRuss]

I don't have kids and running my business is one of my favorite things in life so yes, we probably do see business in a different way.

And there's certainly nothing wrong with different opinions. And maybe I just haven't found the "calling" that inspires me. Rather, I found the thing I'm pretty good at, that pays all right, so I do it. But the minute I don't have to any more, I won't keep going to work.

 

[LesClaypool]

How would an LRer blow/diversify 300mm?

1. Would definitely not work anymore. I'm not at all the type of person who says, "I need to work or I get bored." I frankly don't understand that person.
2. $300,000,000 @ 1% interest = $3 mil/year or $250,000/month.
3. I'd live well on $250,000 month and keep my $300,000,000 in the "bank."

As far as "luxury" items go...I'd buy a box at Doak Campbell and a box at Emirates Stadium (where Arsenal FC plays), w/season tix for 8-10 people to each place.

I'd still fly commercial back and forth to London though. For some reason I feel safer on a bigger plane. I'd just make sure it was first class from now on though obviously.

I'd also set things up to leave my daughter, my fiance, my mom, and my sister, each $10,000,000 in a trust that pays out 3%/year so that none of them would have to work again, but not enough that any of them could become total a-holes and have exorbitant FU money.

The rest I'd probably give to FSU and Cancer Research when I die.

 

[EveryoneBleedsGarnet]

But you could quit, buy a 1,000 acre ranch and shoot your ARs 24/7!

Or I could use buying a 1,000 acre ranch as motivation... I still shoot all the time by the way, haven't heard anything from my neighbor lately.

 

[SoddyNole]

For 10,000,000

Oh let me get you a drink.

+

 

[Gonolz]

Unless she is ALREADY a tax attorney, she's a certifiable dimwit.

What I find disappointing is that reporters usually grossly misstate the basic tax implications. I've seen several articles that say she will pay federal taxes of $120 mil. That is just the amount of tax withheld from the check. She will owe far more than that in tax if she doesn't do any tax planning. Come April, absent planning, she will owe an additional $70 mil or so.

 

[GoNolesTX]

Wonder if she can find a man that is depressed and talk him in to some stupid stuff involving a vehicle, garage and a hose. That's the "in" thing to do in MA, yeah?

 

[Formerly Rockymtnole]

1. Would definitely not work anymore. I'm not at all the type of person who says, "I need to work or I get bored." I frankly don't understand that person.
2. $300,000,000 @ 1% interest = $3 mil/year or $250,000/month.
3. I'd live well on $250,000 month and keep my $300,000,000 in the "bank."

As far as "luxury" items go...I'd buy a box at Doak Campbell and a box at Emirates Stadium (where Arsenal FC plays), w/season tix for 8-10 people to each place.

I'd still fly commercial back and forth to London though. For some reason I feel safer on a bigger plane. I'd just make sure it was first class from now on though obviously.

I'd also set things up to leave my daughter, my fiance, my mom, and my sister, each $10,000,000 in a trust that pays out 3%/year so that none of them would have to work again, but not enough that any of them could become total a-holes and have exorbitant FU money.

The rest I'd probably give to FSU and Cancer Research when I die.

This is all after two chicks at one time, right?

 

[kc78]

For me if I won some outrageous number like that I'd immediately quit my job. As a I know that would hurt a number of people in my company, I'd probably write a few checks to them to make my sudden departure far easier to handle.

I'd help out the parts of my family who I actually like.

I'd then take a year to simply do whatever I wanted, probably rent a really nice house somewhere and just figure out who and what I really want to be. There's no way I'd just want to vacation for the rest of my life, there's too many things I'm immensely passionate about.

I assume I'd probably get back into music a lot more as I currently have zero time for that.
I'd probably change the degree I'm pursuing and then look to maybe start a church somewhere that is far different than the standard model, approach, and beliefs that most churches work within as that's always been a bit of a dream on my part. I'd also get heavily involved in serving the underserved in the community somehow.

I'd also make certain to take time to stay healthy and make certain my family takes several good vacations a year compared to our current pattern of almost none.

 

[wbnolefan2]

I would build the sweetest sports training/recreation complex you've ever seen and coach basketball the rest of my life.

 

[EveryoneBleedsGarnet]

Actually I got a few good ideas and changed my mind. I would spend every last penny doing crazy stuff to make sure that FSU dominates in all major sports. I'd buy out Rick Trickett. I'd build crazy luxury player dorms for recruiting purposes. I'd literally sabotage uf and miami any way I could and buy every single billboard in gainesville and put random pro-FSU and anti-uf messages on all of them. I think I'm going to start playing the lottery...

 

[PoopandBoogers]

Actually I got a few good ideas and changed my mind. I would spend every last penny doing crazy stuff to make sure that FSU dominates in all major sports. I'd buy out Rick Trickett. I'd build crazy luxury player dorms for recruiting purposes. I'd literally sabotage uf and miami any way I could and buy every single billboard in gainesville and put random pro-FSU and anti-uf messages on all of them. I think I'm going to start playing the lottery...

 

[NDallasRuss]

Actually I got a few good ideas and changed my mind. I would spend every last penny doing crazy stuff to make sure that FSU dominates in all major sports. I'd buy out Rick Trickett. I'd build crazy luxury player dorms for recruiting purposes. I'd literally sabotage uf and miami any way I could and buy every single billboard in gainesville and put random pro-FSU and anti-uf messages on all of them. I think I'm going to start playing the lottery...

Since I didn't go to FSU or any other large school, I think it would be interesting to use that money to see if I could bring a smaller, insignificant school into football prominence. Kinda like Phil Knight did for Oregon. I could try to get SMU back to what it was in the 1980s. That would be pretty cool.

 

[billanole]

Work for pay would instantly stop. It would be the ole mail in the keys routine. Done.
That said, I will always do some other types of work. Building and rehabbing living quarters gives me a feel good, so why not continue while concentrating first around the house and then for friends and family, etc...
My elderly relatives would have a luxury ride with driver on standby to visit each other whenever they desired. Several charitable groups that are dear to me would be flush. I would revive my grandad's old methods of giving to many without leaving a trace of the source.
Travel to anywhere we wanna go would be pretty far up the list.
Oh yeah, I would meet up with lots of folks at many athletic events in Tally.
Besides that, party like it is 2017.

 

[ReliableOstrich]

She has already made her first mistake, going to claim the prize the morning after winning. She should have gone out hired an attorney & accountant, then brought them with her to claim the prize. From there she can put the money where she wants from the start. No more than likely it is going into her checking account, and before she gets around to getting things setup a nice chunk will be gone.

Granted with ~300 million, I doubt she will blow it all before setting things up for the future, but you never know.

my guess is she can do that after the press conference and the funds are likely not transferred for a few days / weeks.

everything you mentioned is still easily doable. the only reason to handle that in advance is to send someone as your proxy to the presser so the public doesn't know who you are and come barking up your tree for money.

 

[ReliableOstrich]

Actually I got a few good ideas and changed my mind. I would spend every last penny doing crazy stuff to make sure that FSU dominates in all major sports. I'd buy out Rick Trickett. I'd build crazy luxury player dorms for recruiting purposes. I'd literally sabotage uf and miami any way I could and buy every single billboard in gainesville and put random pro-FSU and anti-uf messages on all of them. I think I'm going to start playing the lottery...

covertly hire bagmen to pay uf, um, and clemson players.
then separately hire PIs to tail said bagmen and take photos of uf, um, and clemson players taking said cash payments.
then leak those pics and documents to the NCAA and bid uf, um, and clemson adieu.

just an idea.

 

[62Nole]

Did I miss it or did anyone mention how drop dead beautimus she is. And any fool could tell with one look into those eyes how smart and caring she is. (a lot like me)
Address or phone # ?

 

[funksouljon]

Besides that, party like it is 2017.

I'd party like my name rhymed with Bryan Brusillo.

 

[funksouljon]

I think it would be interesting to use that money to see if I could bring a smaller, insignificant school into football prominence.

You mean like University of Colorado? I like the location.

While I work to support my family and not for the love of it, I would struggle to just quit. I'd want to make sure I have all my bases covered and the official check is signed. But then after about 5 days of going to work and dealing with all the stupid $h!p, I'd likely quit just like Julio from Half Baked and walk. Wont link cause it has potty words and mother is always watching.