No Longer a Produceman
Dennis Stamp
Will Make You an Offer You Can't Refuse
Evolving into Geckoman
Posts: 4,377
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Post by No Longer a Produceman on Nov 3, 2022 0:18:09 GMT -5
*Cue Dr. Evil laugh*
No one won the jackpot tonight. Assuming you are the sole winner this Friday, what are you gonna do with all that money?
Me? I'd pay off all my debts, get the hell out of California and go somewhere more affordable. But a house, set up a college fund for each of my kids and live comfortably. Probably go back to school, get my teaching credential and become a teacher.
Edit: Monday's drawing will be for $1.9 billion.
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Sam Punk
Hank Scorpio
Own Nothing, Be Happy
Posts: 6,313
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Post by Sam Punk on Nov 3, 2022 0:44:22 GMT -5
I'd do something to help the poor.
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CMWaters
Ozymandius
Rolled a Seven, Beat the Ads.
Bald and busy
Posts: 63,110
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Post by CMWaters on Nov 3, 2022 0:57:33 GMT -5
1)Buy a house 2)Give out to close family members 3)Help out some old friends 4)Help a retro game store that got messed up in this past hurricane.
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Post by Mike Strike on Nov 3, 2022 1:32:56 GMT -5
What's the largest game company I can get for $1.5b? How much is Sega going for?
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chazraps
Wade Wilson
Better have my money when I come-a collect!
Posts: 28,029
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Post by chazraps on Nov 3, 2022 1:38:16 GMT -5
I'd, in this order:
1) End (or significantly dent) homelessness in Minnesota 2) Buy my Mom a really, REALLY nice assortment of flowers. 3) Bankroll a new John Waters and a new Lloyd Kaufman movie. 4) Buy TWO Little Caesar's Hot N Ready Pizzas.
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Futureraven: Beelzebruv
Bill S. Preston, Esq.
The Ultimate Arbiter of Right And Wrong
Spent half my life here, God help me
Posts: 15,164
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Post by Futureraven: Beelzebruv on Nov 3, 2022 4:17:52 GMT -5
Honestly can't fathom that much money.
Probably start off getting rid of my debts, buy up a load of property and help homeless people.
Set up some scholarships to help educate disadvantaged people
Make some investments, because there's that part of me that thinks no matter how much money there is, something could go wrong so making sure there's a decent income no matter what.
But like, as much as I can think of, if I think about the numbers I'd have ludicrous amounts left.
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Desi
Dennis Stamp
Do Not Approve
Posts: 4,520
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Post by Desi on Nov 3, 2022 6:27:22 GMT -5
I'd put all my affairs in order (e.g. will, advance directive, power of attorney, etc.) before anything else.
Then put half into savings/stocks/investments, and split the rest with my immediate family so they have enough to spend what they want with it.
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Fade
Patti Mayonnaise
Posts: 38,304
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Post by Fade on Nov 3, 2022 7:09:17 GMT -5
That’s an absurd amount of money.
In no particular order:
- Strippers - basically get my Dad anything he wants. - donate a considerable amount to some charity. Probably for diabetes or something involving animals. - I’d be “That Fan” for WWE/AEW events for a year. - Flex on my neighbors by adding a second story and gates all around. - Start a theater company and just direct shit. Pay actors and directors whatever I think they’re worth. - a pug
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salz4life
Grimlock
Prichard is a guy who gets that his job is to service his boss.
Posts: 14,065
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Post by salz4life on Nov 3, 2022 8:26:43 GMT -5
Pay off my family debts Pay off my parents' (and mother-in-law's) debts (if they have any... I'm honestly not sure, LOL) Buy a new house... nothing extravagant, just a bit bigger and with a basement Set aside money in an investment account for my daughter's college (if she goes) Invest, invest, invest My life wouldn't change. As much as working annoys me, I'd still do it because I'd feel completely worthless if I didn't. Plus, I need insurance, LOL... maybe it get the "top level" insurance option.
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salz4life
Grimlock
Prichard is a guy who gets that his job is to service his boss.
Posts: 14,065
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Post by salz4life on Nov 3, 2022 8:27:24 GMT -5
Pay off my family debts Pay off my parents' (and mother-in-law's) debts (if they have any... I'm honestly not sure, LOL) Buy a new house... nothing extravagant, just a bit bigger and with a basement Set aside money in an investment account for my daughter's college (if she goes) Invest, invest, invest My life wouldn't change. As much as working annoys me, I'd still do it because I'd feel completely worthless if I didn't. Plus, I need insurance, LOL... maybe it get the "top level" insurance option. Oh yeah.... Chicago Cubs and Michigan Football season tickets.
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salz4life
Grimlock
Prichard is a guy who gets that his job is to service his boss.
Posts: 14,065
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Post by salz4life on Nov 3, 2022 8:28:41 GMT -5
4) Buy TWO Little Caesar's Hot N Ready Pizzas. You have to splurge after a win like this.... get Crazy Bread AND Sauce!
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Post by bibboid on Nov 3, 2022 9:25:20 GMT -5
If you take the cash option you only get about half the jackpot and then taxes will grab about half of what is left so in reality you will only get about $400 million.
$150 million to create the Bibboid family trust. Each family member will get an annual draw of one million for the next 50 years and then the rest will be divided equally. $100 million to create the Bibboid Corporation which will invest in businesses we have always wanted. Restaurants, real estate, an alpaca farm, stuff like that. $100 million to create a charity named for my father. It will support causes that help cities, towns, and people who are trying to make the world a better place for everyone. The rest the wife and I get to spend on splurge stuff like a luxury box at Sofi Stadium and super mega Disney passes and a ‘57 Chevy Bel Air and stuff like that.
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chrom
Backup Wench
Master of the rare undecuple post
Posts: 85,207
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Post by chrom on Nov 3, 2022 9:43:19 GMT -5
Buy Hawaii
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Dr. T is an alien
Patti Mayonnaise
Knows when to hold them, knows when to fold them
I've been found out!
Posts: 31,375
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Post by Dr. T is an alien on Nov 3, 2022 9:53:40 GMT -5
Honestly, I don't trust myself to manage the full amount so I would do a couple of things:
1) Set up a corporation as the recipient of the winnings. In my state that would allow me to accept the winnings without anyone knowing it was me that won. I have no patience for the jackals that winning the lottery attracts. 2) Accept the 30 year payoff schedule. I don't trust myself to not be an idiot with the money and accepting it as serial payments allows me to learn from mistakes. 3) I would start each year with a large chunk of each payment being allocated to various charitable functions. Setting up low-income housing, providing for local food banks, offering 0% interest school loans based upon need, funding delivery of humanitarian aid to 3rd world countries (and the requisite security for said aid), etc. 4) Set aside a set amount in trusts for both my retirement and retirements of various family members. 5) Allocate a livable wage to close family members. They need not live in luxury but they should feel comfortable in their lives.
Edit:
6) Set up an investment portfolio dedicated exclusively to mimicking the stock management of all members of Congress. They have access to the ultimate form of insider trading…..and strangely enough Congress made it legal for members of Congress to take full advantage of it.
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Sephiroth
Wade Wilson
Surviving
Posts: 29,022
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Post by Sephiroth on Nov 3, 2022 10:13:21 GMT -5
1. Open the highest yield bank account I can find 2. Pour sone into the nest mutual fund I can find 3. Pay off my brother’s house and my mom’s Winnebago 4. Rent apartments in NYC and LA. Pursue my dr of a film career.
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Push R Truth
Patti Mayonnaise
Unique and Special Snowflake, and a pants-less heathen.
Perpetually Constipated
Posts: 39,317
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Post by Push R Truth on Nov 3, 2022 10:21:26 GMT -5
Build a new school in my hometown. Go fishing. Be able to afford lunch once a week at FiveGuys. Maybe. Still won't pay 8$ a month for Twatter.
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Burst
El Dandy
*inarticulate squawking*
Posts: 8,599
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Post by Burst on Nov 3, 2022 11:25:52 GMT -5
I'd just be happy that my state is one of the handful of states that lets you claim a jackpot anonymously.
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tirtefaa
Unicron
If you wanna know the truth, you gotta dig up Johnny Booth.
Posts: 2,949
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Post by tirtefaa on Nov 3, 2022 12:35:37 GMT -5
I'm sure there's something rewarding about playing the lotto, but I just wouldn't enjoy life by being rich. All I want is the luxury of not being in the poor house and I'd be fine. 🙂
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Post by Rolent Tex on Nov 3, 2022 12:37:28 GMT -5
I’ve got exactly zero numbers the last two drawings so I’ve got that going for me.
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Post by Feyrhausen on Nov 3, 2022 12:43:12 GMT -5
When the jackpot is that big you would be a fool to take the lump sum. When was 1.2 bil the cash payout was 596 million, less than half. Then another half or so for taxes.
Meanwhile the annuity would be roughly 40 mil a year for 30 years. Plenty of cash and no chance you screw it up and end up broke in a few years. Well it is possible but much more difficult.
One reason I would go that route is one of the first things I would do is move out of Louisiana. And this way they would only get a fraction of the tax money than if I took the lump sum.
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