averse Posted August 21, 2010 Report Share Posted August 21, 2010 build a large go-kart track and have high-powered, scaled to size, Starions for go-karts to race around the track. Nationals 2012 at my place baby! Link to comment Share on other sites More sharing options...
ColdScrip Posted August 21, 2010 Report Share Posted August 21, 2010 Maybe Chad can whip up one of those DOHC heads everyone wants...or a unicorn which ever is most feasible...................BAHAHAHA Link to comment Share on other sites More sharing options...
JessN16 Posted August 22, 2010 Report Share Posted August 22, 2010 If you're serious about investing, always take the lump sum. You'll end up making more in the long run because your interest will be compounding on your investments. Plus, on a lot of these lotteries that pay in the form of an annuity (i.e., a certain amount over a 20- or 30- year period), those payments stop on your death. They do not necessarily transfer to your survivors. So if you punt off after a couple of years, away goes the money. Always read the fine print. Now, if you don't care about trying to play the game of can-I-use-compounding-interest-to-beat-the-annuity-payment, you can take $20 million lump, just invest it into a bunch of tax-free municipal bonds at 5 percent (very doable right now) and end up taking home $1 million federal and state tax-free (provided you invested in bonds from your home state, or a U.S. territory) every year for the rest of your life (you'd have to reinvest every time a bond got called, but that's not a big deal). I think I can live off $1 million tax free forever, by the way. So now we've turned $20 million lump into a series of $1 million tax-free annual payments, and assuming I live to 70, even though inflation is eating into my take-home (bond interest doesn't index for inflation), getting $40 million tax-free over that time period, I promise you I feel good about my standard of living. And I just kept myself from blowing it all on the front end by locking it into a laddered bond structure. Jess Link to comment Share on other sites More sharing options...
Tipsysmile Posted August 22, 2010 Report Share Posted August 22, 2010 hmm 20 mill? I would rob a bank.. Hell, If i get away I got extra money on top of that 20 mill, I get caught, I got my bail money. Link to comment Share on other sites More sharing options...
Shelby Posted August 22, 2010 Report Share Posted August 22, 2010 if they were not in it just for themoney lotery systems would have multipal pay out's of say $1 mill cash but to more people , haveing 30 $1mill winners would help more then 1 also the biger the winnings the more the holders make an the less they pay out ,,the pay out over 30 years is such that the oreg moneys are still there and all you pay out is intrest on the total,, it's a win win for the lotery people that hold the loterys not sure about you guys but most rich people i have met have not been happy people , too worry'd about some one geting their money to be happy with what they have Link to comment Share on other sites More sharing options...
Guest Posted August 22, 2010 Report Share Posted August 22, 2010 if they were not in it just for themoney lotery systems would have multipal pay out's of say $1 mill cash but to more people , haveing 30 $1mill winners would help more then 1 also the biger the winnings the more the holders make an the less they pay out ,,the pay out over 30 years is such that the oreg moneys are still there and all you pay out is intrest on the total,, it's a win win for the lotery people that hold the loterys not sure about you guys but most rich people i have met have not been happy people , too worry'd about some one geting their money to be happy with what they have I've met some really happy people that are pretty well off and wealthy. My mother in law has some friends that are filthy stinking and they pretty well adjusted god loving peeps. Don't let the horror Hollywood celeb stories fool you to believing that everyone with money is an alcoholic pain med coke addict with serious depression issues. I think it would be a strange thing to go from just surviving to having a boat load of money. Alot of those folk don't know what the heck to do with it. Not to mention all the moochers that pop out of the woodwork to pretend to be your friend or your "favorite" family member after winning big bucks. I think that's where the depression comes for alot of winners. Link to comment Share on other sites More sharing options...
ucw458 Posted August 22, 2010 Report Share Posted August 22, 2010 What would be more depressing would be winning a mil then blowing it in a year and ending up right back where you started in a crappy job. Link to comment Share on other sites More sharing options...
Coke Posted August 22, 2010 Report Share Posted August 22, 2010 I'd pay off my 3 credit cards, my car loan, my cell phone bill, and the buy a nice house with a garage that has heated floors....and a lift, toolboxes full of tools. Out behind the garage....would be my collection hut. All of the cars I collect would get tossed in there. 1987 Toyota Supra Turbo Targa1995 Toyota Supra Twin Turbo Targa1977 Datsun 280Z1980 Datsun 280ZX Black Gold Edition1983 Mitsubishi Starion1989 Mitsubishi Starion ESi-R1999 Mitsubishi 3000GT in Yellow1988 Mazda RX-7 TurboII1995 Mazda RX-71968 Dodge Charger R/T1970 Dodge Challenger R/T1971 Plymouth 'Cuda1969 Imperial Brougham1977 Pontiac Trans Am1984 Pontiac Trans Am2004 Mercury Marauder2005 Ford Mustang GT this is just the beginning. Blah Link to comment Share on other sites More sharing options...
marso Posted August 22, 2010 Report Share Posted August 22, 2010 Wow. Didn't think my reply would get removed with all of the other implications about Coke. Sorry Jimmy. Link to comment Share on other sites More sharing options...
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