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Started By
Message
re: Mega Millions Louisiana after-tax jackpot: $118,641,000
Posted on 5/7/19 at 1:21 pm to DWaginHTown
Posted on 5/7/19 at 1:21 pm to DWaginHTown
quote:And I would use a 4% rate of return as opposed to a 6%. Still means $316,666 a month.
it will be closer to $95 million after taxes....37% marginal federal rate .... plus any state income taxes (in Louisiana 6%)
0
Posted on 5/7/19 at 1:22 pm to TDsngumbo
At least pro athletes want to hang out with my wife
Posted on 5/7/19 at 1:23 pm to TDsngumbo
quote:
what are you doing with a half-million dollars every single month?
offer the LSU College of Engineering a contract of $200,000 per month for 100 months ($20MM total) for the naming rights to the College for the next 100 years. The Rouge College of Engineering would have a good ring to it.
Posted on 5/7/19 at 1:23 pm to GreatLakesTiger24
Posted on 5/7/19 at 1:23 pm to TDsngumbo
Your six percent requires risk.
I'll be happy with 30 yr treasuries. For example, 30 yr is at 4.25% today.
I'd go down to the local fedbank on a Tuesday auction and low bid for a few weeks on various lengths.
My family would get trust funds.
I'd have places in Hawaii, Marin, NYC, way out on long island North fork.
Given the current situation I'd complete all necessary repairs at La Tech.
I'll be happy with 30 yr treasuries. For example, 30 yr is at 4.25% today.
I'd go down to the local fedbank on a Tuesday auction and low bid for a few weeks on various lengths.
My family would get trust funds.
I'd have places in Hawaii, Marin, NYC, way out on long island North fork.
Given the current situation I'd complete all necessary repairs at La Tech.
This post was edited on 5/7/19 at 1:26 pm
Posted on 5/7/19 at 1:24 pm to CelticDog
quote:
I'd complete all necessary repairs at La Tech.
frick that. They should have insurance on that. Cover their deductible at most.
Posted on 5/7/19 at 1:26 pm to TDsngumbo
imagine the child support on that, lol
that is where my mind goes
that is where my mind goes
Posted on 5/7/19 at 1:26 pm to southernelite
quote:
Millions a day? There aren’t many, top billionaires, maybe.
Yes it's a small handful of people, but it's just crazy to say 450k a month is so much you can't comprehend (which I agree with) when there exists those that generate more than that in several hours.
Amazon's share price rises by a cent and bezo's net worth increases by 8 figures
Posted on 5/7/19 at 1:28 pm to Olric
quote:
I would set up a business that offered startup companies loans for small equity percentages. There's nothing worse than having great ideas but no means to capital. My dream is to be in a position to offer young entrepreneurs a chance at creating something.
It's beautiful to say this. Reality, however, is not as pretty.
What is the number.... 80% of small businesses that fail?
You either need to have a great collections team, or be amazing at choosing who you lend to.
Posted on 5/7/19 at 1:30 pm to TDsngumbo
you're going to lose
Posted on 5/7/19 at 1:31 pm to TDsngumbo
quote:
$3,000,000 custom home build in the middle of 100 acres so no neighbors
That sounds good and all and if you are smart with your money I guess you can pay people to keep it up, but let's say $1M goes towards the land.. So you would have a $2M going to the house. You can build a nice size house with $2M. Do you really want a house that is too big?
Posted on 5/7/19 at 1:31 pm to Balloon Huffer
I thought that as well. That sounds like a quick way to lose money.
Posted on 5/7/19 at 1:32 pm to OweO
quote:have you MET his wife????
Do you really want a house that is too big?
Posted on 5/7/19 at 1:33 pm to Rouge
quote:
have you MET his wife????
Who hasn't?
Posted on 5/7/19 at 1:34 pm to TDsngumbo
quote:probably Walt
have you MET his wife????
Who hasn't?
Posted on 5/7/19 at 1:34 pm to TDsngumbo
Take the whole lump sum to Vegas and bet it on black. Double your money
Posted on 5/7/19 at 1:34 pm to TDsngumbo
Of course I'm losing money, but how else am I going to spend $400,000 a month
Posted on 5/7/19 at 1:35 pm to TDsngumbo
I’d sell my business and spend the rest of my life fundraising for St. Jude. Would never start or invest in another business venture. $300,000/ month income and a 90mm nest egg....why get involved in something that might lose you money? Maybe collect property but that would be the extent of my business dealings
Posted on 5/7/19 at 1:37 pm to Rouge
I would buy a winery in Napa or Sonoma and open a BnB on property.
I would have homes/apartments in:
Preston Hollow or Highland Park
Upper East Side
Tuscany
New Orleans
San Francisco
Chicago
As well as a Falcon 7x to travel in between them.
Posted on 5/7/19 at 1:38 pm to Rouge
quote:
i believe you mean a "fullonrapist"
What?
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