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+--- Thread: What would you do? (/showthread.php?tid=77100)
What would you do? - Agmen of Eladesor - 03-29-2012
' Wrote:I'm more interested in the fact that half a billion dollars somehow gets turned into a quarter.
The main jackpot is, if you take the annuity option, the full $500,000,000. Divide that by 26 (annual payments) gives you 19.23 mil per year, and then 25% Federal tax off that, so 14.4 mil per year, after 26 years, you end up with $375 mil, less any state taxes on top of that if your state taxes lottery winnings - some of them (California included, amazingly enough) do NOT.
Cash option - meaning you take the lump sum payout - is $359 mil, knock 25% off of that for federal taxes, gives you the lump sum of between $250 - $270 mill, depending (again) on state taxes.
So technically you're only turning a third of a billion into a quarter when you're talking about the cash option. But I have a real good philosophy - take the cash and RUN!
What would you do? - Marburg - 03-29-2012
I happen to have a low opinion of greed & consumerism and I'm smart enough to know being that rich would destroy me from the inside out, so I reckon I'd need to burn though it fast before the money changes my ass for the worst. After setting up my small circle of friends & family for life, I'd do primarily one of two things:
Create a med-mj co-op farm in every state where legal & devote the rest of my life & fortune to ending federal pot prohibition
OR
Follow the example of Willie Nelson & create a town somewhere in the Hill Country
I'd use the money to build the infrastructure of a small, completely Green-running energy grid & use that as a stepping stone to lure union-friendly employers. Preferably software companies, bio-diesel manufacturers, distilleries/breweries, wind farmers, ect & name the place "Erinloch, Texas"
What would you do? - Huhuh - 03-29-2012
Put it in the bank, live on interest.
In NZ that would be like 12 million a year minimum.
What would you do? - AeternusDoleo - 03-29-2012
' Wrote:Just curious about how you'd spend some of your sudden wealth if you got it. You can be as perfectly greedy as you want, just be reasonably intelligent in your responses. (I know, this is flood, so I'm not actually expecting intelligent answers, but I can hope, right?)I'd quit the job I have (not liking it much but it pays the bills). Then find a safe place to put all that money, and get a rottweiler with a fixation on genitals to deal with "investors" who come begging at my door. I'd offer a few select persons a major boost in their life on the financial side - with that much cash, those who -were- your friends beforehand deserve to benefit from it. I'd probably fund Disco for life too (on that scale, it's peanuts what a server costs).
Beyond that? Doubt I'd change much. I don't like big houses or status symbols like flashy cars. My life as is is fine.
What would you do? - Stoat - 03-29-2012
Dump the job, set up some friends and family for life, travel, sail, travel, snowboard, explore, adventure, enjoy. Would I move? Yes. Would it change my life? Damn right. Would it change me? Damn right. You can't be the same person going from getting by to rich bastard, however much you might think you can. Those that have tried tend to end up unhappy or dead.
I like 'burg's take on it all. I think I might end up doing something similar.........
What would you do? - Narcotic - 03-29-2012
I'd have surfing holidays on Hawaii, Bali or Australia as long as I want.
What would you do? - Captain - 03-29-2012
I would buy myself a cargoship and sail how I want it, then when the economics come up again I would earn more moneys:P
What would you do? - kikatsu - 03-29-2012
They should just set it up so that you win whatever amount of money so that after the taxes you get the advertised winnings.
I dunno what I would do with that much money, maybe buy a computer that works properly or a new chair for my living room. I am not an exciting person really... though I may invest in art programs, maybe take a few courses in flash animation then you know buy flash itself.
What would you do? - Swallow - 03-29-2012
Sudden wealth, hmm, well I suppose I won't get it.
The main reason is that I don't want to get any kind of such presents.
What would you do? - prisoner98002 - 03-29-2012
Pay my bills and live life to the fullest.