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Started By
Message
re: Mega Millions Louisiana after-tax jackpot: $118,641,000
Posted on 5/7/19 at 1:38 pm to Tyga Woods
Posted on 5/7/19 at 1:38 pm to Tyga Woods
quote:
$300,000/ month income and a 90mm nest egg....why get involved in something that might lose you money?
Inflation.
By the time you’re 80 that $300,000/month is gonna spend more like $270,000/month.
3
Posted on 5/7/19 at 1:39 pm to OysterPoBoy
quote:
By the time you’re 80 that $300,000/month is gonna spend more like $270,000/month.
That's okay because 80 year old whores aren't gonna cost as much by then.
Posted on 5/7/19 at 1:41 pm to OysterPoBoy
Well then it's a good thing I have $90 million that I've never touched. 
Posted on 5/7/19 at 1:41 pm to OysterPoBoy
quote:
By the time you’re 80 that $300,000/month is gonna spend more like $270,000/month.
quote:
That's okay because 80 year old whores aren't gonna cost as much by then.
...and I’ll be on Medicare so it will all even out
Posted on 5/7/19 at 1:52 pm to TDsngumbo
I would build a Med themed mansion with 4 wings, a dozen rooms, 2 pools, and ponds. Throw in a runway for my personal plane. Then have a shitload of well behaved kids after traveling the world. Set up my family name for generations in a good way.
Investments would be in battery storage tech, power grid construction companies, rare earth minerals, and sensical green tech. And I’d want to keep it all in the USA. I think it’s the next boom and we can’t let China keep growing.
Investments would be in battery storage tech, power grid construction companies, rare earth minerals, and sensical green tech. And I’d want to keep it all in the USA. I think it’s the next boom and we can’t let China keep growing.
Posted on 5/7/19 at 1:54 pm to kywildcatfanone
$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
For tax reasons on both sides, better to pay all their bills up to 5 Mil for parents/in-laws and 2 Mil on the siblings. At least that way they will get 5 or 2 Mil without that money being taxed a second time. I would think the worst thing you could do is give them the cash outright, bc once the burn through that they will be back for more. Give them a credit card with a set monthly limit or setup a trust for them.
Also for Tax Reasons buy your siblings and in-laws homes for the mortgage balance and sell them back to them for $1 each or keep them owned by a separate corp. or trust to keep your own money protected.
- $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
For tax reasons on both sides, better to pay all their bills up to 5 Mil for parents/in-laws and 2 Mil on the siblings. At least that way they will get 5 or 2 Mil without that money being taxed a second time. I would think the worst thing you could do is give them the cash outright, bc once the burn through that they will be back for more. Give them a credit card with a set monthly limit or setup a trust for them.
Also for Tax Reasons buy your siblings and in-laws homes for the mortgage balance and sell them back to them for $1 each or keep them owned by a separate corp. or trust to keep your own money protected.
Posted on 5/7/19 at 1:55 pm to OweO
quote:
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?
I'll take care of it myself. I'm going to need the exercise after sitting on my arse all the time.
A $2 million house doesn't necessarily equate to a huge house. It would be about 5,000 sq ft and built to withstand EF-5 tornadoes, have an underground shelter complete with a separate air and water filtration system and 300 sq ft size pantry with non-perishables, and an armory equipped better than some armies.
Posted on 5/7/19 at 2:03 pm to TDsngumbo
quote:so you want to be one of those weird prepper types
t would be about 5,000 sq ft and built to withstand EF-5 tornadoes, have an underground shelter complete with a separate air and water filtration system and 300 sq ft size pantry with non-perishables, and an armory equipped better than some armies.
Posted on 5/7/19 at 2:05 pm to Rouge
quote:
so you want to be one of those weird prepper types
Only until disaster strikes and I become the smartest and most loved guy around.
Posted on 5/7/19 at 2:10 pm to TDsngumbo
quote:
jackpot: $118,641,000
Posted on 5/7/19 at 2:11 pm to td1
quote:
For tax reasons on both sides, better to pay all their bills up to 5 Mil for parents/in-laws and 2 Mil on the siblings. At least that way they will get 5 or 2 Mil without that money being taxed a second time. I would think the worst thing you could do is give them the cash outright, bc once the burn through that they will be back for more. Give them a credit card with a set monthly limit or setup a trust for them. Also for Tax Reasons buy your siblings and in-laws homes for the mortgage balance and sell them back to them for $1 each or keep them owned by a separate corp. or trust to keep your own money protected.
That’s not how this works....
Posted on 5/7/19 at 2:12 pm to TDsngumbo
Yeah but how much softcore porn do you have in the bunker?
Posted on 5/7/19 at 2:15 pm to southernelite
quote:
bc once the burn through that they will be back for more.
This.... and you've only discussed your siblings. The nightmare really begins if you have worthless POS inlaws.
Posted on 5/7/19 at 2:16 pm to TH03
quote:zettabytes
Yeah but how much softcore porn do you have in the bunker?
Posted on 5/7/19 at 2:16 pm to TH03
Mrs. Gumbo and I make our own porn so I don't need a porn bunker.
Nah, just kidding. The porn bunker would be fully stocked with a sign on the door that reads, "Blowjob Instructions". That way she never finds it.
Nah, just kidding. The porn bunker would be fully stocked with a sign on the door that reads, "Blowjob Instructions". That way she never finds it.
Posted on 5/7/19 at 2:33 pm to TDsngumbo
quote:
Other than hookers and blow, what are you doing with a half-million dollars every single month?
MORE hookers and blow? Maybe get some hookers and then get them their own hookers and blow?
The possibilities are endless.
Posted on 5/7/19 at 2:38 pm to TDsngumbo
IF given some thought to what I'd do with that kind of jackpot.
First I would take a million dollars or so and just blow it on stupid shite, just to get it out of my system.
More serious stuff:
-College funds for my multitude of nieces, nephews, god children, close friends kids.
-New house built to my specs, which will include a garage style powerlifting gym and multiple saltwater/freshwater planted aquariums.
-Take the whole family and close friends on a trip somewhere. I think a month in Japan would be fun.
First I would take a million dollars or so and just blow it on stupid shite, just to get it out of my system.
More serious stuff:
-College funds for my multitude of nieces, nephews, god children, close friends kids.
-New house built to my specs, which will include a garage style powerlifting gym and multiple saltwater/freshwater planted aquariums.
-Take the whole family and close friends on a trip somewhere. I think a month in Japan would be fun.
Posted on 5/7/19 at 2:42 pm to TDsngumbo
There is zero chance I’m giving someone else’s parents multiple millions
Posted on 5/7/19 at 2:44 pm to TDsngumbo
I’m gonna buy a trailer park and let all my friends live there
Posted on 5/7/19 at 2:47 pm to TH03
I would gentrify the frick out of the McKinley neighborhood in Baton Rouge next LSU.
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