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re: What would you do if you won a 500 Million Dollar Lottery?

Posted on 2/16/17 at 12:32 pm to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/16/17 at 12:32 pm to
quote:

Yeah i noticed that too. Bank fdic is only $100k per account.


$250k
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42075 posts
Posted on 2/16/17 at 12:37 pm to
Yeahh still investing your money in a banking account is asking for bad shite to happen lol.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/16/17 at 12:40 pm to
No doubt.
Posted by Napoleon
Kenna
Member since Dec 2007
71009 posts
Posted on 2/16/17 at 12:45 pm to
Distribute 50 million to family
distribute 10 million to friends
25 million to charity
invest 250m
buy a few small planes and one used jet, learn to fly them all
buy five houses around the country.
(including a place on Napoleon and one on Orleans)

Posted by pjab
Member since Mar 2016
5730 posts
Posted on 2/16/17 at 1:01 pm to
quote:

Sit on the front porch drink beer till about noon... get laid a few times. Then a nap and back to the front porch again with some great tunes and a couple doobies.....


...and joke about all the stupid shite I blew $300m on.
Posted by HamzooReb
Utah
Member since Mar 2013
13267 posts
Posted on 2/16/17 at 1:02 pm to
Never get married
Posted by GreatLakesTiger24
Member since May 2012
57902 posts
Posted on 2/16/17 at 1:11 pm to
Move to south Florida
Bang some porn stars
Gamble a lot
Posted by Thib-a-doe Tiger
Member since Nov 2012
36284 posts
Posted on 2/16/17 at 1:14 pm to
quote:

would rather lose the money myself than to pay someone or count on someone else to lose it for me



No wonder people die broke
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283027 posts
Posted on 2/16/17 at 1:14 pm to
Buy house in Haines
Set up kids with money for life
Buy boat
Give some to charity
Travel
Posted by dcrews
Houston, TX
Member since Feb 2011
31284 posts
Posted on 2/16/17 at 1:15 pm to
Quit job
Pay off all debt
Buy my mother a new home and vehicle
Strip clubs
Research buying up rental property to maintain cash flow
Not do a damn thing for the next 6 months

All in that precise order.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112441 posts
Posted on 2/16/17 at 1:23 pm to
quote:

1. I wouldn't tell a soul other than maybe my wife.

It's the lottery, there's really no way to claim it without giving up your name.
Posted by Bmath
LA
Member since Aug 2010
18760 posts
Posted on 2/16/17 at 1:26 pm to
I'd like to think I would be able live a relatively quiet life with that kind of money.

My thought to prevent myself from being a stereotypical lottery winner that goes bankrupt would be to take the annuity payment. This guarantees a fantastic cash flow for 25-30 years, and allows me to still invest and make my money work for me.

With that money I would set up college funds for my kids, nieces, and nephews, as well as pay off any student loan debt for a few other family members.

Instead of buying a mansion, I would renovate the house I'm currently in. While I might get a little nicer car than what I currently have, I'd like to have more of a hidden millionaire lifestyle. Of course I would take nice vacations but you wouldn't be able to tell how wealthy I am by my clothes, house, or other material things.

Ultimately I'd work in the community more, and set up scholarships and funds for various programs and schools that I believe in.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
68466 posts
Posted on 2/16/17 at 1:28 pm to
Not true. Many lotteries offer options to keep your name and face secret in exchange for a reduced payout.
Posted by timbo
Red Stick, La.
Member since Dec 2011
7756 posts
Posted on 2/16/17 at 1:34 pm to
Pay off all bills and house. Stay in current house (I like the place)

Buy a nice house/condo in New Orleans, within walking distance of good places to eat and drink.

Buy a 1970 Dodge Charger

Take a handful of close personal friends to Vegas for a big blow out. (Basically, all of the people who went to my wedding). Eat, drink, gamble, shop, all on my tab. At the end, tell everyone they're getting one whopping arse gift - like the money to start a business or put kids through college.

Give my parents a nice stack and tell them to do with it as they see fit.

Open a tiki lounge in Mid City Baton Rouge and call it Loupe's Lounge (that's the name of one of our dogs). Open a real Irish pub somewhere in Baton Rouge and call it O'Riley's (that's the other dog).

Quit work.

Spend the day drinking and hanging out at the bars. When I get bored of that, go on vacation. If I really get bored, do a little freelance work.
Posted by 34venture
Buffer Zone
Member since Mar 2010
11369 posts
Posted on 2/16/17 at 1:42 pm to
I would start with this pretty girl...

Posted by Masterag
'Round Dallas
Member since Sep 2014
19571 posts
Posted on 2/16/17 at 1:42 pm to
Buy a few thousand acres in east tx, nice house and toys.

A house and some land in southern France.

Give 50 mil to close fam/friends pay off parents mortgages

Put the rest in some kind of interest bearing account.

Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57004 posts
Posted on 2/16/17 at 1:45 pm to
quote:

What would you do if you won a 500 Million Dollar Lottery?
quote:

Take $100 Million and put it in a bank account that would just collect interest, I would never touch it.


I'd charge people to touch my lump sum. I'd be like, "hey, you want to touch my $300 million." I would make sooo much money doing that.....
Posted by TigerTalker16
Columbia,MO
Member since Apr 2015
11533 posts
Posted on 2/16/17 at 1:45 pm to
Get a class 3 licenses and buy an M60 with 3,000 rounds.
Posted by AUCE05
Member since Dec 2009
43803 posts
Posted on 2/16/17 at 1:46 pm to
Lump sum. Pay taxes. Put rest in VTSMX. Live high life on the interest.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 2/16/17 at 1:49 pm to
I would tell a few people to go f*** themselves
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