- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: $2B Powerball winner is already burning his money up
Posted on 9/20/23 at 3:56 pm to JohnnyKilroy
Posted on 9/20/23 at 3:56 pm to JohnnyKilroy
quote:
Winning the lotto would be cool but when you factor in taxes you realize it’s not worth it.
You have to be joking right? Every god damn day I gotta walk the streets with you frickin goons close enough to rub your retardation all over me.
Gotta be joking ;)
This post was edited on 9/20/23 at 3:58 pm
1
Posted on 9/20/23 at 4:00 pm to rocksteady
quote:The irony is thick in here
I gotta walk the streets with you frickin goons close enough to rub your retardation all over me.
Posted on 9/20/23 at 4:24 pm to Arkapigdiesel
quote:
He'll wind up broke, and owing more in debt than he thought was imaginable. Then, he'll kill himself.
Over / Under'
How many of these upvotes have had 60-month car loans?
Posted on 9/20/23 at 4:40 pm to The Egg
Real Estate or Farm Land are the best investments you can make. He will end up getting paid back more than what he paid. Smart guy.
Posted on 9/20/23 at 5:29 pm to dukke v
quote:
So…. It’s his money, let him spend when he wants….
We're all allowed to have a laugh when one of the luckiest dopes on the plant falls a**-backards into $600m+ and starts blowing it.
A $47m house and compound in LA, like wtf are you going to do with that as your third house? Play hide and go seek?
Dude probably has so much he doesnt know what to do with it.
Posted on 9/20/23 at 5:36 pm to TheFonz
quote:
Dude. Put the money in a high interest account and live off of the interest.
Or do like I advised about getting a huge windfall: bank it, live off the lump sum only and never pay income taxes again. Any descendants can split what is left.
Posted on 9/20/23 at 6:06 pm to The Egg
Sounds like he just invested his money and didn’t actually spend it
Posted on 9/20/23 at 6:48 pm to tadman
quote:
Dude probably has so much he doesnt know what to do with it.
Hookers and blow better be on the list.
Posted on 9/20/23 at 6:52 pm to GetCocky11
quote:
Buy multiple houses?
What I don't get is buying multiple houses in the same city
I could see buying several in different areas of the country
quote:
I'm not an idiot
If you think buying multiple houses is insane when you have hundreds of millions of dollars you might actually be an idiot
Posted on 9/20/23 at 6:57 pm to The Egg
quote:.
quote: He Won the $2 Billion Powerball Jackpot. Now He's Snatching Up Swanky Homes Across Los Angeles. quote: Castro collected a lump sum payment of $628.5 million after taxes. He's purchased three fancy houses in the Los Angeles area so far, paying $47 million for the latest. quote: Remember Edwin Castro? He won a record-breaking $2 billion Powerball jackpot earlier this year and opted to take a lump sum of $998 million. He's already spent $76 million acquiring 3 mansions in California. His most recent purchase is a $47 million compound in Bel Air.
The nerve of that guy spending that money .
Posted on 9/20/23 at 7:16 pm to The Egg
So if he dumps his actual winnings into a 3% guaranteed return every year, he earns about $19 million on that annually. I’d say he’s doing ok. I
Posted on 9/20/23 at 7:46 pm to Pedro
quote:
Put the money in a high interest account and live off of the interest.
this would definitely be my play after paying off debt and buying a nice, but modest, house.
Some of y'all are hysterical. The guy walked with $632 MILLION. He's not going broke in his lifetime. His children won't be broke in their lifetime. This guy has a net worth $200 million MORE than Shaq. This guy has more money than most of the biggest entertainers and business people of all time. There are only about 6000 people worldwide with a net worth north of $500,000,000. This guy is set. Don't worry about his well being.
Posted on 9/20/23 at 7:50 pm to MardiGrasCajun
You must be very young.
Posted on 9/20/23 at 8:00 pm to dukke v
quote:
You must be very young.
You must be very stupid, I'm older, wiser and more successful than you. Nothing this guy has done is unwise. Posting a "burning his money up" thread shows how stupid the OP is, too. Nothing but jealousy. Guess Saban is burning up his money by buying multiple homes including his latest at $17,000,000. Guess he's young and dumb though.
Posted on 9/20/23 at 8:03 pm to MardiGrasCajun
I doubt you are older than me. I know you are not wiser than me. And if you are bragging about having more money than me, well that’s on you. BTW I have not one time said the guy was doing anything wrong. Maybe read the whole thread before you start smarting off…
Posted on 9/20/23 at 8:04 pm to NOSHAU
quote:
read "after taxes" in the first sentence.
I’ve never played the lottery. I assumed the lump sum was already taxed. Didn’t know they taxed the lump some
My bad.
Posted on 9/20/23 at 8:06 pm to Mouth
Yes they do. But it’s still better to have the lump sum. You have all the power then.
Posted on 9/20/23 at 8:16 pm to dukke v
quote:
Maybe read the whole thread before you start smarting off…
Hey dude, I have nothing against you. You came in at me with the smartass comment. You know nothing about me. Don't think for a second you're wiser. Never said I had more money. I said I'm more successful which is one of the many things that make me wiser than you. Go spin comments somewhere else.
Posted on 9/20/23 at 8:18 pm to MardiGrasCajun
Posted on 9/20/23 at 8:39 pm to Tiger Prawn
quote:and he will be making a few million per month if the rest of his capital is just sitting in a savings account.
Well he’s going to also have a few million bucks a year in expenses on those houses between property taxes, insurance, utilities, and upkeep.
Page 13 of 15
Popular
Back to top
Follow TigerDroppings for LSU Football News