Powerball is back up to $1 billion annuity ($433.1 million cash) drawing tonight

some sudanese immigrant that just landed in the UK is now eligible.

keep buying tickets. buy 50! it'll increase your chances.

i mean hell, Jeffrey Epstein won the lottery twice. it could be YOUR turn.

My wife thinks I’m dumb for buying a ticket each drawing. One ticket a few times a week is not going to break us but if I ever win, I’m trading her in.

Behind every single winner throughout history was a spouse who thought it was dumb to buy the ticket.

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About $260 million cash in Louisiana after taxes.

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If I win the lottery, I won't tell anyone but there will be signs

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If I win the lottery, I won't tell anyone but there will be signs

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Somehow I feel like $260 million is simultaneously a lot but also not a lot. You could wipe that out pretty quick in today's dollars. A couple houses in prime areas, a private plane, some cars, some trips with your whole extended family.

Just the upkeep, HOA, and taxes on the houses is a high bill that goes on indefinitely.

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Somehow I feel like $260 million is simultaneously a lot but also not a lot. You could wipe that out pretty quick in today's dollars. A couple houses in prime areas, a private plane, some cars, some trips with your whole extended family.

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I’d have to lock the money away in trust to stop myself. Find a way that can draw like 1 million a year and live off of that.

Not only to protect myself from the poors begging but to protect myself from myself

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Somehow I feel like $260 million is simultaneously a lot but also not a lot. You could wipe that out pretty quick in today's dollars. A couple houses in prime areas, a private plane, some cars, some trips with your whole extended family.

Just the upkeep, HOA, and taxes on the houses is a high bill that goes on indefinitely.

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Put the bulk of it somewhere boring, let it generate income, and live off a portion of the returns. At 4%, $260M throws off about $867k a month before taxes. You could live a ridiculous lifestyle without ever touching the principal.

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Somehow I feel like $260 million is simultaneously a lot but also not a lot. You could wipe that out pretty quick in today's dollars. A couple houses in prime areas, a private plane, some cars, some trips with your whole extended family.


I’d have to lock the money away in trust to stop myself. Find a way that can draw like 1 million a year and live off of that.

Not only to protect myself from the poors begging but to protect myself from myself

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First, you should live in tax advantageous state if you can so future earnings aren't killed.

But, 6% interest on $260m is $15.6m a year.

Or let's say you buy 3 $10m properties., and 1 $10m jet (seats 8).

You're left with $220m. Which at 6% interest (very obtainable), you earn $13.2m a year. After taxes on that, you've got ~$8.3m

Jet is $1m to maintain, houses combined let's say $1m to maintain.

You're left with, after $2m of overhead on homes and jet, $6.3m a year to play with.

I think you guys could manage.


ETA:

Even 4%, you're living large.

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Somehow I feel like $260 million is simultaneously a lot but also not a lot. You could wipe that out pretty quick in today's dollars. A couple houses in prime areas, a private plane, some cars, some trips with your whole extended family.

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Good insight, OBJ

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are you kidding?

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people who say this kind of stuff would be the first ones broke. If you're not thinking about and managing your money, even $250 million, you're going to blow it all.

The point is, $250 million isn't a situation like a multi-billionaire who literally could buy anything asides from a sports franchise or a country and not notice the money gone.

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I don't think I would go broke, but it definitely wouldn't be where you never had to think about money again.

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Dude, look at my math above.

You can buy 3 $10m homes, a $10m jet, and after taxes and overhead on those things, still have $6.3m income a year at 6% interest.

In reality, I'd try to hold off on huge purchases for a few years to get the 6% applied to the $260m in full, then start big purchases. Add $15.6m annually to the pot. I'd lease everything fancy and still not come close to spending that after taxes. Keep growing the egg while I do really good research on the properties and plane I want to buy. Likely, I'd look for property and build a dream home/property, which would take time to coordinate and would lease a big arse house in the meantime.


Pull out $5m a year for a few years to lease your life and let the rest grow

Year 0: 260
Year 1: 270.3
Year 2: 281.2
Year 3: 292.8

THEN buy the big shite for 40-50m and live off interest income.