LOTTO: Powerball @ 261 million

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magnifier661

magnifier661

B-A-N-A-N-A-S!
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So for those that play the lotto, what would you do if you won? The Powerball is Weds Jan 27, 2015 and is worth 261 million. If you are the only winner, the take home is most likely 131 million. I'd like to see what people would do with their winnings.

1.) Set aside $26,100,000 for my church. The amount will be deducted, which I can get back from the government (roughly 13 mil). But that isn't the real reason why I would give to the church. I would like to make a glorious building in a prime location. Most likely next to an atheist temple! LOL

2.) Set aside $5 mil in liquid funds for "emergency money". I don't know what would happen, so I would like to have that extra cash available if I get into trouble.

3.) Find the best "investment planner" and attorneys available and start planning how I spend the money.

4.) Pay off all debt, I don't have much, so I can start clean.

5.) Set up trusts for each of my children for schooling and "seed money" for starting their own life after school.

6.) Set up a "living trust" for my estate (will, where the money goes, who is the trustee, etc). This will avoid "probate" if something happened to me or my wife.

7.) After everything is planned by my advisor, and all the legal documents are made, I would use the extra cash to give to my family. I would pay off their debt and gift them some money.
 
I'd call Paul Allen, see what it would take to buy a partial stake in the Blazers. Could $50M get me 5%?
 
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The first call I'd make is to a lawyer to find out how to be as anonymous as possible. I'd probably give a sizable amount to my brother so he's secure. I would "freeze" the funds so other than a bit of living expenses, I can't touch it. Well, that's what I'll tell people anyway. Everyone from under the woodworks will start to hit you up for money, so fuck that. As far as the world is concerned, the funds are unavailable.

I'd disappear for a year. Traveling the world, getting in shape, experiencing life etc and see where I'd like to live.
 
EL PRESIDENTE said:
The first call I'd make is to a lawyer to find out how to be as anonymous as possible. I'd probably give a sizable amount to my brother so he's secure. I would "freeze" the funds so other than a bit of living expenses, I can't touch it. Well, that's what I'll tell people anyway. Everyone from under the woodworks will start to hit you up for money, so fuck that. As far as the world is concerned, the funds are unavailable.

I'd disappear for a year. Traveling the world, getting in shape, experiencing life etc and see where I'd like to live.
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Yeah that's the problem about winning the lotto. Obviously you are in the news and most likely everyone and their mothers would hit you up for money. I'd also worry about being robbed, since anyone that knows will know you have money.
 
Put half of it in a secret account for my daughter.

Buy a modest home/car and just live life as if I were a normal person (without a job of course lol)
 
I'd buy S2 and dismantle so you guys would all be lost and find something better to do with your time.
 
Payoff my family and extended families debts.
Start a non profit of some sort dealing with rehabilitating hurt animals
Make sure my daughter is well off and has a nice trust fund as well as college fund so if anything happens to me and my wife she is set for life.
Donate a good chunk of it to multiple causes
Not do much with the rest.
Get Blazer courtside seats for life.
 
magnifier661 said:
Yeah that's the problem about winning the lotto. Obviously you are in the news and most likely everyone and their mothers would hit you up for money. I'd also worry about being robbed, since anyone that knows will know you have money.
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Lawyers would know how to get around that if it were legal. For example you can form a blind trust and have the lawyer as the representative of the trust claim the prize. Some won't let you do it and parade you around like a fucking monkey. Not sure of the laws here, I think you can stay SOMEWHAT anonymous but you might have to be public record if you did win it.
 
10% to each of my brother, sister and parents. 10% split amongst my friends with the vast majority going to three specific close friends. 10% to charity.

So that's a total of 50% before I spend a dime.

Buy a modest home, two cars, one that's a great functioning car like a Lexus, the other just for fun, maybe a 23 window VW 1960 era microbus.

Travel everywhere, sometimes camping sometimes 4stars and everything in between. India, Japan, Bali, Ireland, Morocco, Brazil, France, Italy, and wherever I get the whim to go. See loads of concerts, operas, musicales, and any other well composed artistic displays.

Get some better socks.
 
I would buy a large tract of land in southern Oregon, something with a lake or pond. Then I would give friends and family each $200,000 to build the vacation cabin of their own choice. They could live there full time or rent it out when they aren't there but I have those who I care about most on a pimped out compound for holidays and in case shit ever hits the fan.
 
SlyPokerDog said:
I would buy a large tract of land in southern Oregon, something with a lake or pond. Then I would give friends and family each $200,000 to build the vacation cabin of their own choice. They could live there full time or rent it out when they aren't there but I have those who I care about most on a pimped out compound for holidays and in case shit ever hits the fan.
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Remember we are friends right?!?! Lol
 
I know a few people that have won jackpots. One couple has won six-figure draws twice (one each), another couple we know won an eight-figure jackpot which is pretty massive by Canadian lottery standards. You never see nine-figure jackpots here but by the same token the winner(s) take home something like 98% of the prize tax-free so that's good (the rest goes to smaller draws in the same lottery and a bit as a kickback to the ticket retailer).

The one couple we know that won twice we're literally given luggage and blank plane tickets when they claimed. "Go buy some clothes and be back here in a few hours." Anywhere they wanted to go for a week. Not optional. I guess this is common practice as it gives the winners a chance to think about what they are going to do without the relatives, acquaintances, and randoms bothering them for at least a few days.

Here I think you can take up to a year to claim. The people we know claimed right away and didn't make a secret of it. I think I would probably take some time to unplug and maybe hire one of those firms that can erase your accumulated internet presence (not S2, naturally). Quit work; get a loan against the future winnings in the meantime. Set up my parents on the DL so they won't be bothered. Once I claim the ticket, if I can't do it anonymously or under another name (middle + mother's maiden, perhaps), I'm out. A couple of years incommunicado except for the most trustworthy. Once the opportunists forget about it I can spread a little around the family and make sure people get enough that they wont ask again for a long time. Set up an account to generate interest just for giving away money.

I live a pretty Spartan lifestyle as it is so personally I don't know what I'd want to do with the money other than travel. I don't even think I'd buy a house.
 
I'd live in various apartments around the world. Maybe live in Hotels for a while but that might get old.

I'd probably come up with an elaborate ruse of a profession. Such as I am an internet marketer and have location independance. (KIND OF LIKE I DO NOW)
 
I'd buy my parents new houses, quit my job and travel the world the rest of my life. I'd buy a huge house in the country, go around and adopt all the animals out of animal shelters and hire people to play with the animals all day.

Probably would try to run a few of my own businesses. Set up college and trust funds for my kids.
 
I'd hire instagram "models" and fly them to Dubai so I can piss on them and buy them Louboutins (those red bottomed shoes all the hoes wear).
 
See, that kind of money is just unthinkable to me. Buy my entire family houses and cars? Pay off everything I've ever owned? Set up trust funds for everyone? Okay... now what do you do with the other 180 million bucks? After a certain point, a human being has everything they need to survive comfortably, and be content in day-to-day life. I would put most, if not all, of the rest (after the aforementioned expenses) in the safest investment I could (T-Bills, blue-est of the blue chip stocks), move to someplace rural that I could have every creature comfort I could want, and still be somewhat close to civilization. I would go to school. I become a professional student for a while. Not so much going for degrees, but learn for the fun of it.

Oh and I would set myself up a Vegas fund. A certain amount per year that I would allocate for myself to go Big Pimpin in Sin City and live like a Whale, being wined and dined by the casinos for my action, and being hedonistic for a couple of weeks a year. Then go back to learning and living.
 
Any of you guys get your tix for tonight? I'm sitting on two!
 
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