You just hit the Powerball jackpot...

[StruckANerve]

Two chicks at the same time.

I was wondering when someone would post that, ****in A.

I would go out and pick up a 2010 Plum Crazy Purple Dodge Challenger SRT-8

I would get the ball rolling on a new Custom home.

I would go on vacation to Europe.

Get college funds for my kids going.

Then I would invest the rest and live off it comfortably.

 

[Zombie Acorn]

1) Lotteries are taxes for those who are ignorant of statistics.

Anyone whos ever said that has been ignorant of the fact people don't expect to win, its fun to play, its a buck.

As for what I'd do, probably invest it in a business or two.

 

[dmr727]

I'd hire Abstract to post for me.

 

[7on]

I'll just put it in the bank and live off the interest.

At 2% (you can do better than that, but I'm being conservative), you get $1.2 million a year.

I'll do that. Though I'd spread it around so if the bank/fund I put it in went under, I wouldn't lose that cash.

 

[eawmp1]

Anyone whos ever said that has been ignorant of the fact people don't expect to win, its fun to play, its a buck.

As for what I'd do, probably invest it in a business or two.

Lotteries ARE fun to play, because there IS a minicule chance of winning.
That having been said, far too many people of limited means spend too much money thinking they have more of a chance than they do.

 

[delux246]

I'd have a pool built in my backyard and then have the rest made into $1 bills to put in my pool so I can swim in my winnings every day...


not really.

 

[steve2112]

Lotteries ARE fun to play, because there IS a minicule chance of winning.
That having been said, far too many people of limited means spend too much money thinking they have more of a chance than they do.

And that is the problem. The people who do end up playing them are the ones who can least afford it.

For entertainment, check out this series on TLC called "The Lottery Changed My Life". It's like Behind the Music for lottery winners. I feel sorry for some of those folks.

 

[rhsgolfer33]

1) Pay for the Master's degree I'll be getting next year
2) Spend $1m-$2m on a apartment/loft/condo in the Hollywood area
3) Spend $2m-$3m on a place near where I'm at now
4) Spend $2m-$3m on a place in Maui
5) Spend $1m on a villa in the Italian countryside
6) Spend $2m-$3m on a place in Paris
7) Purchase a few vehicles (I'll need on in Hawaii, one in Italy, and I'll take two here at home), probably go for a few used Mercedes (BMW Convertible for Hawaii) in the $30k range and a Ferrari for weekend fun at home; there goes $500k.
8) Continue funding my education (I'd probably move on to a JD or PhD and sell the Hollywood apartment to buy one where ever I went to school) and travel quite a bit
9) Put the remainder in non-real estate investments ($60m - $12.5m = $47.5m) and live off the interest/dividends, etc. Assuming 2%, I'll take in about $950,000 a year, should be sufficient to shuttle me between houses (some of which I'll let out as vacation rentals when I'm not occupying) every once in awhile and pay my day to day living expenses.

 

[ethical]

And you would have wasted every single cent. If you want to donate it donate it to people or organizations that actually make a difference in the world and have some value.

Wrong thread for that argument mate. Go explore the PRSI section!

Anyway, I think most people here have pretty much summed it up, but I'll add my own details:

•Pay off all debt my parents have
•Buy my parents a new house, car and holiday
•Donate lots to charity
•Buy myself a car
•Invest invest invest...until I'm out of uni in 5 years. Then use it to buy a house etc etc.

 

[Mousse]

60 Million, eh? Let's see...after the Gob'ment take its 40% and the wife takes her cut... I've got a cool $50 dollars to pocket. I guess, I'd buy myself a nice dinner to celebrate and get ready for work the next day.

 

[Abstract]

I'd hire Abstract to post for me.

You lazy ****.

 

[Simgar988]

while Knowing that buying a lotto ticket is statistically -ev is fine with me as long as it's like a 120 mil jp or so. I'd rather spend a dollar and have a shot at living a luxurious life than not givemyself the opertunity. Even If I bought a txket a week, that's still only 52$ or one night out at bars/ resturaunt

 

[dmr727]

You lazy ****.

Of course I am. I'm rich!

 

[gotzero]

You would pay about 25-30 million in taxes right off of the bat, so you are actually working with about 30 million, which is generally considered about the minimum needed to make a foundation that can have a difference in the world.

I would work on doing that.

 

[Mexbearpig]

And that is the problem. The people who do end up playing them are the ones who can least afford it.

For entertainment, check out this series on TLC called "The Lottery Changed My Life". It's like Behind the Music for lottery winners. I feel sorry for some of those folks.

Saw one of those a while ago. Really cool and sad stories. Although the reoccurring type of people always play. People who can't fully afford to take care of themselves and sometimes family really annoys me. At least now they can help out others and even themselves.

 

[Melrose]

You lazy ****.

Is that a discouraging word you have hidden by asterisks?

 

[TempleRea]

I would buy a range rover sport hse, every flavor of every mac, and ngmoco.

 

[Dont Hurt Me]

The Correct answer here is a ......................wait a minute the odds are for the most part 0. Your not going to hit the jackpot but I guess if you Did a new Dodge Challenger SRT with 425 HP and every option would be fun for starters

 

[Simgar988]

The Correct answer here is a ......................wait a minute the odds are for the most part 0. Your not going to hit the jackpot but I guess if you Did a new Dodge Challenger SRT with 425 HP and every option would be fun for starters

The difference between 0 chance and 1e-1000000000000000000 is infinite

 

[No ice please]

Have one eight of it stolen by the government..

 

[rhsgolfer33]

Have one eight of it stolen by the government..

1/8th? Where do you live? I wish the government would take only 1/8th of lottery winnings! The really amount is a lot closer to 1/3 (in reality, a large lottery win will put you into the 35% tax bracket).

 

[StephenCampbell]

You're going to owe some serious taxes on that if you win. You will not be left with $60 million.

The top tax bracket is currently around 39%, and this would apply to your $60 million "earnings." You would be left with about $36,600,000.

In any case, because of this thread I have decided to go buy a $5 ticket for tonights drawing. Normally I only play one number per drawing. Maybe I'll beat you to it! Are you playing quick picked numbers or your own numbers?

Edit: Some calculations I made: For every jackpot winning Powerball ticket, 23,494 properly used condoms fail. For every jackpot winning Powerball ticket, 243 women give birth to quadruplets, via natural insemination. For every jackpot winning Powerball ticket, 278 people get struck by lightning.

Good luck!

Edit: I ended up buying eight additional numbers (in addition to the number I always play) so my odds are now officially 9 in 195,249,054 or 1 in 21,694,339.

 

[No ice please]

1/8th? Where do you live? I wish the government would take only 1/8th of lottery winnings! The really amount is a lot closer to 1/3 (in reality, a large lottery win will put you into the 35% tax bracket).

I think its 1/8th thats what my mother said but shes full of it sometimes. Haha

 

[steve2112]

Actually, I've always wanted to do crazy stuff if I ever became super wealthy. Well, ok, I guess it would be "eccentric", since only poor people are called crazy.

Anyway, I would something like get a bunch of cash and put it in classic style (mythical) pirate treasure chest, and then bury it in some random location. I would then put out a series of weird clues in a viral video type format and see how long it would take someone to find it.

I would like to say that since I'm pretty frugal and have gotten much better with money management, I would do well with a huge cash winning. I'm a big believer in saving and investing. The truth is, however, I would probably go broke pretty quickly doing a bunch of "Brewster's Millions" type crazy stuff.

 

[Leareth]

1) pay off my debts
2) Pay of my family members and close friends debts
3) set up nice retirement fund for my mother and aunt
4) set up serious scholarship program at various schools I have attended
5) buy most of the just delisted Agricultural Land Reserve properties so stupid condos do not get put in some of the best growing soil in the area and use it to set up a organic farm that would supply food and jobs to underfunded schools and families
6) Buy a building so the youth organization i volunteer with wont have to keep moving every few months as pushed out by crazy rents
7) finally pay for my ankles and eyes to be fixed