I would pay off school loans for me and my sisters and pay off my parents mortgage. Give my mom enough money so she can open another restaurant. Give a fat wad of cash to my sis and her husband for their organization, take time off of work to go climbing with them and help them open their own gym. Give my pops enough money so he can retire. After that, just chill and enjoy the good life.
I would flee the country because my name would be published and there would be a million people trying to get me to invest in something.
Most states let you set up an anonymous trust to accept the prize on your behalf.
The correct answer is:
1) Hire a lawyer to setup a trust and your estate. This is also handy because you can just direct anyone that asks you for money to this guy as well.
2) Hire an accountant to make sure you pay the taxes right
3) Hire a financial planner (or wealth management firm) to invest it all for you and live off the interest/dividends
4) Move somewhere safe
5) Quit your job, etc.
6) Whatever you want
I can definitely see the attraction of winning a gigantic sum and then telling people that you won a lot less! Lots of anonymous winners collecting their prizes for the Euromillions draw of late
But if half a billion dollars thinks it has the chance at destroying my life, it's welcome to try and do a better job than the half a dollar in my account
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KalTorakOne way or another, they all end up inthe Undercity.Registered Userregular
Construct a giant laser.
That thing you're thinking of? Yes, it'll be able to do that.
I can definitely see the attraction of winning a gigantic sum and then telling people that you won a lot less! Lots of anonymous winners collecting their prizes for the Euromillions draw of late
But if half a billion dollars thinks it has the chance at destroying my life, it's welcome to try and do a better job than the half a dollar in my account
That half a dollar is the Lil' Mac of the financial world.
buy some land, build a nice house on it, enjoy life
secure futures for close friends and family, donate to charities, play all the wsop events and donate winnings (if any) to charity.
investments. travel.
and then that still leaves assloads of cash
diablo III - beardsnbeer#1508 Mechwarrior Online - Rusty Bock
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EncA Fool with CompassionPronouns: He, Him, HisRegistered Userregular
edited March 2012
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
Enc on
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Johnny ChopsockyScootaloo! We have to cook!Grillin' HaysenburgersRegistered Userregular
I'm going to hire a guy to follow me around all day with a semi truck and do this.
I would also organize like dozens of moneybags, like maybe $50,000 each, and hide them in remote locations while I travel around the world, and make elaborate clues and puzzles and hints and some cool maps and scatter them all over the place, like in used book stores and print advertisements and on YouTube videos and junk. Just a random world wide scavenger hunt open to anyone who wants
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
the friends i have now are friends with me despite the fact that i'm broke as a joke
and i wouldn't have a problem giving that small group money
pay for friends? fuck that shit
diablo III - beardsnbeer#1508 Mechwarrior Online - Rusty Bock
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KalTorakOne way or another, they all end up inthe Undercity.Registered Userregular
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
Money doesn't solve all problems, but it does solve the only problems I currently have.
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
the friends i have now are friends with me despite the fact that i'm broke as a joke
and i wouldn't have a problem giving that small group money
pay for friends? fuck that shit
Yeah for real. This prize is big enough to where I could build a neighborhood for just me and my closest friends/immediate family and set everyone up with enough money to never have to work again.
every discussion about the lottery has got to have one goose that makes this fucking comment
it's not an original thought, it reeks of condescension, and most people who've bought lottery tickets realize that their odds of winning aren't exactly great
i don't see anybody busting your balls for whatever stupid way you choose to waste a few bucks
every discussion about the lottery has got to have one goose that makes this fucking comment
it's not an original thought, it reeks of condescension, and most people who've bought lottery tickets realize that their odds of winning aren't exactly great
i don't see anybody busting your balls for whatever stupid way you choose to waste a few bucks
Also, at this prize level one can make a pretty convincing argument that buying a ticket (though just one...two if it rolls over again) is a statistically rational decision.
money wouldn't solve the problem of me posting before you
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KalTorakOne way or another, they all end up inthe Undercity.Registered Userregular
It does seem a bit odd that people would go "Oh, $100 million jackpot? Pfft, the lottery is for suckers." but then "Waitaminute, $600 million? Totally worth it now! Buy all the tickets!" The chances of winning didn't go up at all.
I'm sure that an actual person thinks that way and totally isn't a strawman.
I'd buy a house in London, renovate it into flats/apartments and then rent the rooms out at an extortionate cost to people. Then when I get bored, kick them out and live there myself. The rest would go in the bank, because I am boring like that.
Liiya on
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ReginaldWhen I am Pres., I will createthe Department of ______Registered Userregular
I'd buy a ranch in Montana, and use it to rehabilitate handicapped children by teaching them horseriding. It would also have a lot of goats. The money would be invested to ensure that this ranch never goes away. Any money that is left over would be used to buy and preserve rainforest.
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KalTorakOne way or another, they all end up inthe Undercity.Registered Userregular
I'd buy a house in London, renovate it into flats/apartments and then rent the rooms out at an extortionate cost to people. Then when I get bored, kick them out and live there myself. The rest would go in the bank, because I am boring like that.
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
the friends i have now are friends with me despite the fact that i'm broke as a joke
and i wouldn't have a problem giving that small group money
pay for friends? fuck that shit
Being broke and having friends is easy. The expectation there is friendship for friendship's sake. When you have that kind of bonkers cash, everyone eyes you for the money. Everyone. They can't help it, it's just how people work. They don't see you as that cool guy Dead Legend, they see you as Dead Legend-the guy with the ridiculous amount of money. Maybe he can take us out to dinner, maybe he can buy us a video game, or invest in my company, or put my daughter through college....
That happens. That's how it works. It starts small, and then everyone starts looking at you as the bank. One way or another, when you end up with that kind of wealth when the rest of your friendship community does not, you pay for your friends, either to keep them or for new ones.
And assuming you find the small percentage of folks that arent like that, the doubt will still be there from the majority of folks who act that way. You will always doubt, from the moment you cash that check, why people are hanging out with you. Because of you? Or because of your money.
And you will never know the truth.
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TrippyJingMoses supposes his toeses are roses.But Moses supposes erroneously.Registered Userregular
every discussion about the lottery has got to have one goose that makes this fucking comment
it's not an original thought, it reeks of condescension, and most people who've bought lottery tickets realize that their odds of winning aren't exactly great
i don't see anybody busting your balls for whatever stupid way you choose to waste a few bucks
Also, at this prize level one can make a pretty convincing argument that buying a ticket (though just one...two if it rolls over again) is a statistically rational decision.
every discussion about the lottery has got to have one goose that makes this fucking comment
it's not an original thought, it reeks of condescension, and most people who've bought lottery tickets realize that their odds of winning aren't exactly great
i don't see anybody busting your balls for whatever stupid way you choose to waste a few bucks
Also, at this prize level one can make a pretty convincing argument that buying a ticket (though just one...two if it rolls over again) is a statistically rational decision.
Something something expected value.
Yup! I think the EV of a $1 ticket is something like $1.00001 right now or something.
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
the friends i have now are friends with me despite the fact that i'm broke as a joke
and i wouldn't have a problem giving that small group money
pay for friends? fuck that shit
Being broke and having friends is easy. The expectation there is friendship for friendship's sake. When you have that kind of bonkers cash, everyone eyes you for the money. Everyone. They can't help it, it's just how people work. They don't see you as that cool guy Dead Legend, they see you as Dead Legend-the guy with the ridiculous amount of money. Maybe he can take us out to dinner, maybe he can buy us a video game, or invest in my company, or put my daughter through college....
That happens. That's how it works. It starts small, and then everyone starts looking at you as the bank. One way or another, when you end up with that kind of wealth when the rest of your friendship community does not, you pay for your friends, either to keep them or for new ones.
And assuming you find the small percentage of folks that arent like that, the doubt will still be there from the majority of folks who act that way. You will always doubt, from the moment you cash that check, why people are hanging out with you. Because of you? Or because of your money.
And you will never know the truth.
well I know who's not getting a moderately sized sack of cash
I would still work, not sure how long I'd stay working my current job, but I wouldn't quit outright. I'd just enjoy the fact that my paycheck is 100% disposable income.
Also, I'm on park avenue so my office is down the block from a Mercedes and Ferrari dealership. I would take the train in and drive home. I would convince them to let me drive it through the showroom glass, and i would hire nic cage to do it with me.
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EncA Fool with CompassionPronouns: He, Him, HisRegistered Userregular
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
the friends i have now are friends with me despite the fact that i'm broke as a joke
and i wouldn't have a problem giving that small group money
pay for friends? fuck that shit
Yeah for real. This prize is big enough to where I could build a neighborhood for just me and my closest friends/immediate family and set everyone up with enough money to never have to work again.
At which point all of your friends will either:
1) Feel compelled to be friends with you weather or not they continuously feel that way due to owing you such a huge debt
2) Feel compelled to try and get more money out of you
3) Both.
I would still work, not sure how long I'd stay working my current job, but I wouldn't quit outright. I'd just enjoy the fact that my paycheck is 100% disposable income.
Also, I'm on park avenue so my office is down the block from a Mercedes and Ferrari dealership. I would take the train in and drive home. I would convince them to let me drive it through the showroom glass, and i would hire nic cage to do it with me.
That kind of money brings more problems that solutions of acquired quickly.
Suddenly every friend and relative you have ever known is now called into suspect for their support of you. Politics will emerge from your immediate circles, whether you like it or not, as people curry for favors. Yes, you have all of that money, but unless you make friends of equivalent wealth, hide it from everyone you know, or piss it all away immediately you will never have lasting or authentic relationships from then on. And even when you do, should you be so lucky, you will be haunted by the specter that those closest to you may, in fact, just be in it for your wealth.
It's better to win something smaller, like 10-20k, than one of these huge prizes. That kind of money doesn't destroy lives. Look up the lottery winners fates over the years, a disproportionately large amount have overdosed on drugs, committed suicide, or were murdered.
With 640 mil you could probably just throw some cash at all of your friends and relatives, regardless of their motives, and still be fine.
Personally, I'm secure in my selected friends already, and they're likely confident in their understandings of who I am as a person, so I don't foresee a lot of insincerity there. And I'd probably find parasitic economic interaction with my extended family easier than the limited social interaction I have right now. I'd probably look to make a career out of investing in philanthropic, artistic, and culinary endeavors, rather than trying to fill my time with just spending the money on myself.
sure, expected value, but do I really give a shit if I lose this dollar?
not talking about people who play it every week
Yeah that too. The people who play when it's like, $20 Mil or whatever it starts at, are pretty dumb. Spending like $1 a year on a ticket when it gets over $400MM isn't that dumb.
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TrippyJingMoses supposes his toeses are roses.But Moses supposes erroneously.Registered Userregular
Boo all you want. It may be inconvenient to the daydream, but it is very true.
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
the friends i have now are friends with me despite the fact that i'm broke as a joke
and i wouldn't have a problem giving that small group money
pay for friends? fuck that shit
Being broke and having friends is easy. The expectation there is friendship for friendship's sake. When you have that kind of bonkers cash, everyone eyes you for the money. Everyone. They can't help it, it's just how people work. They don't see you as that cool guy Dead Legend, they see you as Dead Legend-the guy with the ridiculous amount of money. Maybe he can take us out to dinner, maybe he can buy us a video game, or invest in my company, or put my daughter through college....
That happens. That's how it works. It starts small, and then everyone starts looking at you as the bank. One way or another, when you end up with that kind of wealth when the rest of your friendship community does not, you pay for your friends, either to keep them or for new ones.
And assuming you find the small percentage of folks that arent like that, the doubt will still be there from the majority of folks who act that way. You will always doubt, from the moment you cash that check, why people are hanging out with you. Because of you? Or because of your money.
And you will never know the truth.
So make sure nobody knows about the money ever? I think that would solve that particular problem.
Posts
enough to easily pay off any outstanding debts and with smart investment live off of returns and an enjoyable part time job
Most states let you set up an anonymous trust to accept the prize on your behalf.
The correct answer is:
1) Hire a lawyer to setup a trust and your estate. This is also handy because you can just direct anyone that asks you for money to this guy as well.
2) Hire an accountant to make sure you pay the taxes right
3) Hire a financial planner (or wealth management firm) to invest it all for you and live off the interest/dividends
4) Move somewhere safe
5) Quit your job, etc.
6) Whatever you want
But if half a billion dollars thinks it has the chance at destroying my life, it's welcome to try and do a better job than the half a dollar in my account
That thing you're thinking of? Yes, it'll be able to do that.
then I'd take the rest, buy a spooky house / mansion / castle at the top of a hill, renovate it for my simple needs, and then never go outside again
That half a dollar is the Lil' Mac of the financial world.
secure futures for close friends and family, donate to charities, play all the wsop events and donate winnings (if any) to charity.
investments. travel.
and then that still leaves assloads of cash
Money doesn't solve all problems, not unless its slowly acquired over long periods of time (which solves many problems, but still not all of them). Rocketing into the 1% from nothing is a great way to end up miserable and alone (unless you pay for friends, that is).
Steam ID XBL: JohnnyChopsocky PSN:Stud_Beefpile WiiU:JohnnyChopsocky
What I am saying is we should knock over a casino.
the friends i have now are friends with me despite the fact that i'm broke as a joke
and i wouldn't have a problem giving that small group money
pay for friends? fuck that shit
Three.
I dunno it'd solve all the problems I have
Money doesn't solve all problems, but it does solve the only problems I currently have.
Drive around town with a couple of big burlap sacks full of money.
Drive up to someone, put a sack in their hands, say "you didn't see nothin'" and drive away.
Yeah for real. This prize is big enough to where I could build a neighborhood for just me and my closest friends/immediate family and set everyone up with enough money to never have to work again.
every discussion about the lottery has got to have one goose that makes this fucking comment
it's not an original thought, it reeks of condescension, and most people who've bought lottery tickets realize that their odds of winning aren't exactly great
i don't see anybody busting your balls for whatever stupid way you choose to waste a few bucks
Path of Exile: snowcrash7
MTG Arena: Snow_Crash#34179
Battle.net: Snowcrash#1873
Except the problem of having all the money.
Also, at this prize level one can make a pretty convincing argument that buying a ticket (though just one...two if it rolls over again) is a statistically rational decision.
money wouldn't solve the problem of me posting before you
I'm sure that an actual person thinks that way and totally isn't a strawman.
It is the British way!
Being broke and having friends is easy. The expectation there is friendship for friendship's sake. When you have that kind of bonkers cash, everyone eyes you for the money. Everyone. They can't help it, it's just how people work. They don't see you as that cool guy Dead Legend, they see you as Dead Legend-the guy with the ridiculous amount of money. Maybe he can take us out to dinner, maybe he can buy us a video game, or invest in my company, or put my daughter through college....
That happens. That's how it works. It starts small, and then everyone starts looking at you as the bank. One way or another, when you end up with that kind of wealth when the rest of your friendship community does not, you pay for your friends, either to keep them or for new ones.
And assuming you find the small percentage of folks that arent like that, the doubt will still be there from the majority of folks who act that way. You will always doubt, from the moment you cash that check, why people are hanging out with you. Because of you? Or because of your money.
And you will never know the truth.
Something something expected value.
Yup! I think the EV of a $1 ticket is something like $1.00001 right now or something.
not talking about people who play it every week
well I know who's not getting a moderately sized sack of cash
Also, I'm on park avenue so my office is down the block from a Mercedes and Ferrari dealership. I would take the train in and drive home. I would convince them to let me drive it through the showroom glass, and i would hire nic cage to do it with me.
At which point all of your friends will either:
1) Feel compelled to be friends with you weather or not they continuously feel that way due to owing you such a huge debt
2) Feel compelled to try and get more money out of you
3) Both.
that's high praise
Path of Exile: snowcrash7
MTG Arena: Snow_Crash#34179
Battle.net: Snowcrash#1873
With 640 mil you could probably just throw some cash at all of your friends and relatives, regardless of their motives, and still be fine.
Personally, I'm secure in my selected friends already, and they're likely confident in their understandings of who I am as a person, so I don't foresee a lot of insincerity there. And I'd probably find parasitic economic interaction with my extended family easier than the limited social interaction I have right now. I'd probably look to make a career out of investing in philanthropic, artistic, and culinary endeavors, rather than trying to fill my time with just spending the money on myself.
frosted flakes, here i come
Thankfully I don't need money to solve that particular problem.
Yeah that too. The people who play when it's like, $20 Mil or whatever it starts at, are pretty dumb. Spending like $1 a year on a ticket when it gets over $400MM isn't that dumb.
So make sure nobody knows about the money ever? I think that would solve that particular problem.