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

Buy a comfortable house in a place you love and use it as your base of operations. Get your dream car. Donate to charity. Fly commercial all over the world. Stay in expensive hotels. You can do everything you want and still earn millions annually on the interest.

What you don’t do is give anything to anyone who asks for money.

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

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Anyone who buys any kind of lottery ticket is the lowest denominator tard of society. Probably why your post got so many downvotes.

I already bought the winning ticket


I’ll give out the winning numbers to anyone who wants them but you have to pay me 1 million up front

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Anyone who buys any kind of lottery ticket is the lowest denominator tard of society. Probably why your post got so many downvotes.

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Lowest denominator tard checking in. I bought one number this morning. $3 for a non-zero chance (yeah, I know; 1:292,000,000) at generational wealth. Somehow I'll manage the financial set back.

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It’s like you have little concept of the numerous lotto winners who have blown their fortunes. You’ve never had to deal with such temptation so you have no idea how hard it would be to curate your windfall.

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The vast majority of lottery players are well below average in intelligence, discipline, etc. They typically have many issues (financial, physical, mental, familial...) and are extremely desperate. Obviously, because the lottery is not based on skill / intelligence at all, just luck, if 90% of lottery players are in that lower class, desperation mode, that also means 90% of lottery winners are those people. And they tend to not know how to / be able to manage money well generally and make ridiculously poor decisions.

Additionally, they'll publicize it on Facebook and/or not claim the money anonymously, and all of a sudden, 2nd cousins and HS classmates they haven't talked to in 30 years come out of the woodwork and they feel the pressure to provide them money. Add those two things up, and voila.

Nobody even close to the median in intelligence, discipline, etc., should blow over $250 million (AFTER taxes). That's absolutely insane. And you could still even live a ridiculously lavish lifestyle and still not come close to blowing it. Spend $50 million upfront on like 3 ridiculously nice places (you don't need 8; you don't need a private island), a few really nice cars (you don't need 12), a nice boat for the lake (you don't need a yacht), etc. Then if you didn't want any stock market risk (which likely wouldn't be the best financial decision... but you already have $200M), put in the remaining $200M into a 4% savings account and make $8M annually.

Even after taxes on the interest, the interest alone each year would be able to cover like 12 1-week vacations via charter of a private jet (no, not owning it) and/or first class tickets (plus 5* accommodations), a weekly dinner for you and your wife at a 3* Michelin restaurant (plus a private chef to cover all your other meals...), great tickets to premier concerts / sporting events (no, not a suite to the Super Bowl), etc. You wouldn't even touch the principal.

Or, even better, you can just live your relatively normal life still, make a few fun purchases but nothing ridiculously extravagant, take a couple very nice trips a year, be able to retire from work and take up any hobbies/education you want just for fun, and donate / leave a lot to family/close friends/charity.

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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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Just have one really nice primary home and one nice vacation home but not too extravagant. Invest 200 million try to get 10% annual return. 20 million a year and live off that including property taxes, car purchases, etc. If you want a yacht trip then rent one, charter a private plane, rent out nice houses on vacations. Don’t buy all of that shite. The only people who can afford to own private jets, yachts, multiple homes are those with large businesses that have large cash flows to support it. A one time large jackpot won’t support it even if invested well.

Yall do realize this is just a voluntary tax that you idiots are paying. Right?

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Invest 200 million try to get 10% annual return.

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They don't need to do even that. As another posted pointed out, dropping $200M in just an HYSA would result in $8M/yr income while still having that other $60M for playing with before even needing to touch that income.

I think people tend to not understand how much money that is. Let's say you make $80k a year. After taxes that's... ~$2,500 per paycheck every two weeks (depending on the state).

Now multiply that by 100. That's a quarter-mil every two weeks and that's only a very loose estimate with doing very little to invest it.

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I don’t know if I would still fly commercial, but I don’t think I would purchase a plane. Probably just fly private so o don’t need to deal with upkeep/insurance.

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There are concierge flight services all over the place, it's definitely the way I would go.