How can you advertise 500 mil when you're only able to cash out 350 of it?
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03-29-12 11:41 AM #36
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03-29-12 11:43 AM #37
More like 200 and something million after taxes... mind blowing that the govt gets over half of it
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03-29-12 11:45 AM #38
I think like 60% of lottery winners end up broke
They had a show on it
I do not think about it because it is not happening
I live in the real world with real people in it
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03-29-12 11:46 AM #39
taxes should only be 30%....
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03-29-12 11:52 AM #40
Let me win it just once and I'll put that theory to the test. My risk of ruin would be somewhere in between 1 and 0.
Originally Posted by jjgold
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03-29-12 12:08 PM #41
buy a penthouse in manhattan over looking every landmark, have sex with pornstars every hour, and then invest the rest of the money
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03-29-12 01:21 PM #42
Wouldnt cut my hair for months or shower for a week. Then id go into the high end car dealership dressed like a bum. First guy to treat me nicely, id buy a ferarri from him. And then id buy one for him.
Nomination(s):This post was nominated 3 times . To view the nominated thread please click here. People who nominated: ncsubowen, Megatron, and lemart5
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03-29-12 02:14 PM #43
a lot of people do go broke after winning like 5 million or even 7 million. but to win over 100 million and go broke...you would have to be the dumbest person alive.
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03-29-12 02:34 PM #44
I'd open up a few bars and nightclubs. Even if they weren't profitable, I wouldn't be in the red anywhere close to the 10M+ I'd earn in interest from my money anyway. Free jobs for a couple hundred people, give a ton to diabetes research, so I'd have done my good deeds. Build a house with an outside, second story hot tub overlooking a basketball and sand volleyball court. To top it off, I'd find a select few people from my past and shove my wealth down their throats. That would probably make me feel the best.
Nomination(s):This post was nominated 1 time . To view the nominated thread please click here. People who nominated: The Kraken
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03-29-12 04:06 PM #45
more like30-40% the big diffrence is cash vs annuity option Originally Posted by ebbearsfb1
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03-29-12 04:20 PM #46
Put it all on Black
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03-29-12 04:35 PM #47
I would live my life the same. Nothing would change. I would give it all to the Catholic Church. Money is not important to me , being healthy and a being a compassionate human being is worth more than any amount of money.
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03-29-12 04:39 PM #48
Originally Posted by daneblazer
The Mega Millions' $540 million jackpot will be worth around $230 million in cold, hard, after-tax cash.
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03-29-12 04:42 PM #49Forever in Debt to your Priceless Advice
Become A Pro!
Join Date: 06-30-08Posts: 45,360Betpoints: 8792
i'd move to the french quarter and eat like a king every day
I'd die a happy man
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03-29-12 04:44 PM #50
I want to be the first guy to get 100 BJ's from 100 different women in 24 hours... with all that cash... who's going to say no to you?
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03-29-12 05:02 PM #51
What Ive been doing all my life. Blow it all on PWA. Originally Posted by The Kraken
Estimated up to $500million, cash out around $350milllion. After taxes, the NET will be approximately $250million. A quarter of a billion dollars.
I've been thinking about what I'm gonna do if I win and these are a few of the things.
1.) Donate to Obamas campaign for re-election
2.) Donate to Trayvons momma so she can afford to get a decent lawyer
3.) Buy season tickets to the Knicks games, courtside of course
4.) Buy a few hundred acres of land somewhere and build about a 5,000 sqft home. Probably somewhere in the Caribbean.
5.) Buy a loft in NYC overlooking Central Park
6.) Go pro for the perks
7.) Start up a few businesses. Probably a home security business and a car dealership and a donut shop
8.) Buy 1000 lottery tickets for the next lottery
9.) Split it 50/50 with my wife and sign a pre-nup
I bet some of you sick fukks would go broke in a year
but have fun doing it.
Read a news story that said 9 in 10 lottery winners have spent all their winning in 5 years (lump sum option). Originally Posted by jjgold
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03-29-12 05:08 PM #52
The average person who wins the lotto are trailer trash who have no concept in how to invest their winnings. That is why lottery is tax for stupid. Originally Posted by jjgold
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03-29-12 05:15 PM #53
if i won the megamillions, i'd go long on Kentucky 1H and real long on Kentucky game Saturday.
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03-29-12 05:22 PM #54
I think I'd take the annuity payments over 26 years. I'm young and don't plan on dying in the next 26 years. I'm not sure how the payments work but if they're 26 equal payments that would be around $21 million/year. Everything from year 19 on would be money that would have been otherwise lost by taking the lump sum. That ain't chump change.
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03-29-12 05:23 PM #55
Visit every continent in the world. Argentina/Brazil, Melbourne/Sydney, ThaiLand, France/England, maybe South Africa or Egypt, place's like that.
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03-29-12 05:24 PM #56
Dont know bc its not going to happen
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03-29-12 05:33 PM #57
I would short silver with 2-3% of what I cleared after taxes. Buy a nice house (nothing crazy). still work and enjoy life.
Get 2500 in new clothes. Buy pimped out hovarounds for all my friends and family.
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03-29-12 05:34 PM #58
I'm happy with my $115,000,000 and living the single life. Originally Posted by DudleyDawson
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03-29-12 05:36 PM #59
why in the fuk would anyone still work if u have over $200 million ?? Originally Posted by dogthebountyman
Nomination(s):This post was nominated 1 time . To view the nominated thread please click here. People who nominated: GamblerSpirit
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03-29-12 05:36 PM #60
im happy with 10% of that! Originally Posted by Ez Money 77
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03-29-12 05:38 PM #61
Work is what the aliens created us for. We are slaves. if you don't work you get into trouble. Originally Posted by Ez Money 77
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03-29-12 07:50 PM #62
90 % to the spca and the needy . . .
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03-29-12 07:59 PM #63
Would buy the Wizards and trade Andray Blatche for doritos locos tacos
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03-29-12 08:04 PM #64
don't have the buck to play
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03-29-12 08:13 PM #65
A lot of them do, same with people that get inheritances from their families. If they are dumb, uneducated and have no financial structure or common sense they usually blow it in 4-6 years....I am basing this on someone that is left 2-3 million and just starts blowing money and acting like irrational with the money. You have to be smart JJ. With my inheritance, I bough things but I have a big chunk where I just receive the interest, I never have to touch the principle whatsoever...Growing up in Santa Barbara, I have seen it all... some of the richest kids I know that were left tens of millions blew it all and others with a lot less that had a good head on their shoulders are still rolling today... You just can't be a dumbfuk... realize what you have and be thankful! Originally Posted by jjgold
Nomination(s):This post was nominated 1 time . To view the nominated thread please click here. People who nominated: DudleyDawson
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03-29-12 08:26 PM #66
I know people personally just like you speak of...a couple of them blew millions in 2-4 years and have nothing to show for it....but the really sick part of it is they seem happier broke than when they had money...almost like they're relieved they don't have to worry about it. Sick but true. Originally Posted by flyingillini
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03-29-12 08:30 PM #67
Originally Posted by The Kraken
there was a study done , saying its better to take the lump sum.. for the fact that you can invest it and live off the interest
thing about the interest on 100 million... 2 or 3 % a year depending on where you put it
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03-29-12 08:31 PM #68
Making up stories to make yourself feel better about being broke I see Originally Posted by DudleyDawson
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03-29-12 08:33 PM #69
One of my good friends I grew up with was left 10 Million and both houses.....blew all the money and had to sell a house, all he has is a house in Montecito that is paid for... He blew 10 million in 8 years....He still is set but a dumb ass but he is happy as can be.....I was left a good amount of money and I haven't touched a penny of it, really don't think I ever will... Originally Posted by DudleyDawson
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03-29-12 08:34 PM #70
first i would take the payments giving the ticket to my grandchild, work out a deal ,buy a house on Diamondhead, buy a russian sub. set up shelters for the needy.
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