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Started By
Message
re: $2B Powerball winner is already burning his money up
Posted on 9/20/23 at 9:59 am to GetCocky11
Posted on 9/20/23 at 9:59 am to GetCocky11
quote:
I'm not an idiot, I would make safe investments, set up my family, and live a modest lifestyle full of travel and maybe get a low-stress part-time job.
No one that thinks like this plays the lottery in the first place.
Why would you play the lottery to essentially live the same life you do now?
1
Posted on 9/20/23 at 10:00 am to Godfather1
Lmaoooo ok I’m changing my answer to this
Posted on 9/20/23 at 10:00 am to The Egg
I would definitely buy lots of land and real estate.
Posted on 9/20/23 at 10:02 am to rd280z
quote:
would definitely buy lots of land and real estate.
God ain’t making any more of it.
Posted on 9/20/23 at 10:03 am to The Egg
I'm not sure I can say anything. I would buy a ranch in Montana, a large plot of hunting land in Louisiana, another large farm in Kansas, a beach house on Cayman, more cars than I need an a place to park them all, and people to take care of them.
Posted on 9/20/23 at 10:04 am to justaniceguy
If the rules from the 1980s movie are in place, sports betting can only be about 10% of the losses.
Posted on 9/20/23 at 10:05 am to Ace Midnight
I would ace… I’m not that much of a material guy. I would stay
Where I am at… I may buy a camp on the diversion canal and a couple boats and a new truck, but I’d sit back and never worry about money again. I’m salso not that much of a money guy. You have to have it to survive but it’s just not that big a deal for me. I would much rather have piece of mind. You can’t put a price on that.
Where I am at… I may buy a camp on the diversion canal and a couple boats and a new truck, but I’d sit back and never worry about money again. I’m salso not that much of a money guy. You have to have it to survive but it’s just not that big a deal for me. I would much rather have piece of mind. You can’t put a price on that.
Posted on 9/20/23 at 10:05 am to Godfather1
Worked for the WV lottery winner who kept getting rolled for his company payroll there.
Posted on 9/20/23 at 10:12 am to The Egg
Some lotto winners blow all the money on hookers and blow. With this house - you can get both for free, i guess.
Personally i would buy a nice house on a lake with acreage and fish everyday on my boat. Relocate seasonally to wherever the nicest weather is. If i was going to blow money on anything - it would be a nice 100' offshore cabin vessel. Live on that in the winter months.
This guy was an Eagle Scout - I'm surprised he wants to stay in a city.
Personally i would buy a nice house on a lake with acreage and fish everyday on my boat. Relocate seasonally to wherever the nicest weather is. If i was going to blow money on anything - it would be a nice 100' offshore cabin vessel. Live on that in the winter months.
This guy was an Eagle Scout - I'm surprised he wants to stay in a city.
This post was edited on 9/20/23 at 10:13 am
Posted on 9/20/23 at 10:13 am to MrJimBeam
quote:
You do you, but if I get over 600 million, modest house isn't the first thing on my mind
My family is still the same size though. Why would I get a 10k SF house when a very nice 3000 SF house would be more than sufficient. Even if you buy the house outright, property tax and insurance never goes away and should you one day sell, there isn't a huge market for $50 million mansions.
I'd have the everyday home and then I'd have a mountain cabin in Wyoming and a beach house in Destin right off the beach. I could do all of that for a fraction of what he spent on one. I'd do more to setup my future generations.
Posted on 9/20/23 at 10:17 am to Celery
quote:
The life/curse of a lotto winner
To me it’s less of the scrutiny, and just more that his life’s work is now managing money.
I really think a massive windfall is mostly a curse for most people. If I got a $5-$10 million, my life wouldn’t change all that much. Financial stress would largely be gone, vacations would be more frequent and better, but we would still go about our day trying to raise our kids and maintaining some type of working career.
But if you gave our family $100,000,000 or more the gravity of so much money would totally turn our lives upside down. Suddenly we are talking about moving, moving our kids, upgrading the spouse to a better model, and just generally untethering from the rhythm of work and school that anchors a decent life.
Posted on 9/20/23 at 10:19 am to Goldrush25
quote:You're right and I almost guarentee I will never go buy a lottery ticket, but in my mind why would I want mulitiple millions of dollars just to blow it all and end up in the same boat im in now 10 year later? Id rather keep doing what im doing now, which I relatively enjoy doing most days, but not have to worry about money, which is the source of most of my worries now.
Why would you play the lottery to essentially live the same life you do now?
Posted on 9/20/23 at 10:20 am to Arkapigdiesel
quote:
He'll wind up broke, and owing more in debt than he thought was imaginable. Then, he'll kill himself.
I know. I'm jealous tbh.
Posted on 9/20/23 at 10:22 am to The Egg
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.
Does this piss anyone off as much as it does me? He gets roughly 1/3 of the value of his winning.
Posted on 9/20/23 at 10:23 am to The Egg
quote:think he will be ok with the 88% of his money left
He's already spent $76 million
Posted on 9/20/23 at 10:23 am to Areddishfish
quote:
I'd have the everyday home and then I'd have a mountain cabin in Wyoming and a beach house in Destin right off the beach.
What a baw answer lmao.
Hey here’s 600m cash. Ok imma buy a house in destin, but probably can’t spring for the house on the beach. Much more affordable if you buy a place a couple blocks in.
Posted on 9/20/23 at 10:23 am to The Egg
Let me know when he doesn't have hundreds of millions left. 
Posted on 9/20/23 at 10:25 am to Oilfieldbiology
quote:
He gets roughly 1/3 of the value of his winning.
The 2b is a “fake” number. There was never 2b to start with. He started with a little less than 1b and ended up with about 2/3rds of that after taxes.
Posted on 9/20/23 at 10:26 am to The Egg
Did he not hire a financial advisor?
Guess not.
Guess not.
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