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Started By
Message
Mega Millions Louisiana after-tax jackpot: $118,641,000
Posted on 5/7/19 at 1:02 pm
Posted on 5/7/19 at 1:02 pm
I know that's pocket change for many of you but I decided to buy a ticket for the small chance of winning the whole thing.
Let's say I do the following after winning:
- $3,000,000 custom home build in the middle of 100 acres so no neighbors
- $5,000,000 to my parents
- $5,000,000 to Mrs. Gumbo's parents
- Pay off each sibling's and in-laws' homes as well as give them $2,000,000 each, equaling $8,675,000
- I'd also take the entire family on worldwide vacations every year but for now I'll leave that figure out.
That leaves me with a paltry $96,966,000 remaining.
Assume I invest the remaining amount and live off the earnings. On a measly 6% annual rate of return (which would be quite possible) for 75 years, I'd receive the following monthly income:
$484,830
Almost a half-million dollars each month free to spend however I want. I really do not know what one would possibly do with that type of money. I know I'd start charities and such, but with a half-million dollars coming in each month without touching principal, there's simply too much money for the mind to comprehend.
Even if all the money is spent in a month, you get all of it back the next month. Other than hookers and blow, what are you doing with a half-million dollars every single month?
Let's say I do the following after winning:
- $3,000,000 custom home build in the middle of 100 acres so no neighbors
- $5,000,000 to my parents
- $5,000,000 to Mrs. Gumbo's parents
- Pay off each sibling's and in-laws' homes as well as give them $2,000,000 each, equaling $8,675,000
- I'd also take the entire family on worldwide vacations every year but for now I'll leave that figure out.
That leaves me with a paltry $96,966,000 remaining.
Assume I invest the remaining amount and live off the earnings. On a measly 6% annual rate of return (which would be quite possible) for 75 years, I'd receive the following monthly income:
$484,830
Almost a half-million dollars each month free to spend however I want. I really do not know what one would possibly do with that type of money. I know I'd start charities and such, but with a half-million dollars coming in each month without touching principal, there's simply too much money for the mind to comprehend.
Even if all the money is spent in a month, you get all of it back the next month. Other than hookers and blow, what are you doing with a half-million dollars every single month?
This post was edited on 5/7/19 at 1:05 pm
Posted on 5/7/19 at 1:05 pm to TDsngumbo
I see you've thought this through.
Posted on 5/7/19 at 1:05 pm to TDsngumbo
quote:
monthly income:
$491,041.24
quote:
That leaves me with a paltry $96,966,000 remaining.
My family would be set up for GENERATIONS
Posted on 5/7/19 at 1:05 pm to TDsngumbo
quote:
Other than hookers and blow, what are you doing with a half-million dollars every single month?
This post was edited on 5/7/19 at 1:07 pm
Posted on 5/7/19 at 1:06 pm to TDsngumbo
quote:
$5,000,000 to my parents
- $5,000,000 to Mrs. Gumbo's parents
- Pay off each sibling's and in-laws' homes as well as give them $2,000,000 each, equaling $8,675,000
- I'd also take the entire family on worldwide vacations every year but for now I'll leave that figure out.
frick all that. They didn't win.
Posted on 5/7/19 at 1:06 pm to TDsngumbo
quote:
what are you doing with a half-million dollars every single month?
I’d probably go down to grand isle a couple times a year
That’d be fun.
Posted on 5/7/19 at 1:06 pm to TDsngumbo
I think we've all thought about this at one time or another.. Got my ticket this morning!
Posted on 5/7/19 at 1:06 pm to TH03
quote:
quote:
$5,000,000 to my parents
- $5,000,000 to Mrs. Gumbo's parents
- Pay off each sibling's and in-laws' homes as well as give them $2,000,000 each, equaling $8,675,000
- I'd also take the entire family on worldwide vacations every year but for now I'll leave that figure out.
frick all that. They didn't win.
Come on man. That's why nobody likes you
I'll throw in a few grand a month to you just to try and buy you some happiness.
This post was edited on 5/7/19 at 1:07 pm
Posted on 5/7/19 at 1:06 pm to TDsngumbo
quote:
what are you doing with a half-million dollars every single month?
building my slum lord empire
Posted on 5/7/19 at 1:07 pm to TDsngumbo
quote:
Come on man. That's why nobody likes you
Well that's mean.
quote:
I'll throw in a few grand a month to you just to try and buy you some happiness.
I'm perfectly happy.
Posted on 5/7/19 at 1:08 pm to TH03
quote:
I'm perfectly happy.
Fine. I'll give that $5,000 a month to another poster.
Posted on 5/7/19 at 1:08 pm to TDsngumbo
quote:
I really do not know what one would possibly do with that type of money.
You’d be surprised.
Most with that kind of money are chartering or owning private planes, several vacation properties, possibly a ranch, fees to manage it, etc. Add in some charitable giving and you can burn cash pretty quickly.
Posted on 5/7/19 at 1:08 pm to TDsngumbo
100 acres?
Don’t go too crazy.
Don’t go too crazy.
Posted on 5/7/19 at 1:10 pm to TDsngumbo
quote:
- $5,000,000 to my parents
- $5,000,000 to Mrs. Gumbo's parents
- Pay off each sibling's and in-laws' homes as well as give them $2,000,000 each, equaling $8,675,000
screw paying more taxes
Posted on 5/7/19 at 1:10 pm to TDsngumbo
quote:
I'll throw in a few grand a month to you just to try and buy you some happiness.
Since TH's wife left him, happiness is but a dream at the moment.
Posted on 5/7/19 at 1:11 pm to WoWyHi
Oh don't go stealing that old man's lame schtick.
Posted on 5/7/19 at 1:11 pm to TH03
I couldn't remember who was posting that. LCA?
This post was edited on 5/7/19 at 1:12 pm
Posted on 5/7/19 at 1:12 pm to Jones
quote:
quote:
- $5,000,000 to my parents
- $5,000,000 to Mrs. Gumbo's parents
- Pay off each sibling's and in-laws' homes as well as give them $2,000,000 each, equaling $8,675,000
screw paying more taxes
Maybe I buy a pen from them for those amounts.
Posted on 5/7/19 at 1:12 pm to TDsngumbo
That's what a lot of money does for you. It's why people like to accumulate money.
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