If you won the lottery... Say $10 million...
- Thread starter RJJ 1971
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I'd farm 'till it ran out.
Probably five years or so if I didn't get too ambitious.
Probably five years or so if I didn't get too ambitious.
the ringo kid
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I bet I wouldn't. I'd never take a one payment lump sum.
I'll do the twenty year thing where you also get more back.
the ringo kid
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How would you get sued? A foundation means you are using other peoples money to fund it and doll out money to needs. I'd use one for instance, to buy school materials for those in need.
OP
RJJ 1971
Member
Everyone is sue happy. Starting a foundation and being the one who started it & something goes wrong. YOU and foundation get sued.
We read about stupid lawsuits everyday. Starting a foundation and putting a face to it, just makes it a bigger/better target.
Think I would stay as low key as possible.
dougb1946
Member
Tell nobody!!!. Change your phone number and maybe your name. Especially don't tell family. Spend it out of town. Make all the noise and flash all the cash you want-out of town.
Keep the day job alt least for a while. Smile a lot. See just how far you can push the boss. See a good financial advisor-fee based, not commission.
Keep the day job alt least for a while. Smile a lot. See just how far you can push the boss. See a good financial advisor-fee based, not commission.
the ringo kid
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I know people are law suit happy but, it still doesn't tell me how I'd be sued if I provided school supplies to needy kids? For instance, I could either but enough supplies for a couple hundred kids and give it out until I have no more, or I can stand at Walmart and simply pay for any school supplies I see by those standing in line.
OP
RJJ 1971
Member
Because you bought supplies for one district of school and not another. You bought for a purple kid, but not a blue, pink, or orange one. It was Wednesday when you bought supplies and didn't announce it and make it available on mon, tues, thurs, or fri.
People sue for any dumb reason now.
Just sayin - I'd donate a lot, but not create or maintain a foundation.
mike from st pete
Member
$10,000,000 Winner
I'm sixty and live alone so investing isn't all that important.
I have no debt but would not want to stay in St. Pete. I'd probably buy a patch of land in Two Egg, cash, and put a little house on it.
I'd certainly not leave a forwarding address.
Oh and I'd get a puppy or two and a new car.
I'm sixty and live alone so investing isn't all that important.
I have no debt but would not want to stay in St. Pete. I'd probably buy a patch of land in Two Egg, cash, and put a little house on it.
I'd certainly not leave a forwarding address.
Oh and I'd get a puppy or two and a new car.
It'd prolly take a while to figure all that out. But I'm not that busy and I'd be very happy to take the time to do it if the need should arise.
But I do know the first thing I'd do is charter a huge luxurious cruise ship for all my S&W buds and we'd all spend a couple of weeks cruisin' around the Caribbean. I'd have a skeet shooting facility and a supply of floating targets set up on the fantail, of some kind for the hand gunners and long gunner (full auto included. Unlimited supply of ammo and variety of different toys for us all to play with.
I do play so y'all watch this forum...ya never know.
But I do know the first thing I'd do is charter a huge luxurious cruise ship for all my S&W buds and we'd all spend a couple of weeks cruisin' around the Caribbean. I'd have a skeet shooting facility and a supply of floating targets set up on the fantail, of some kind for the hand gunners and long gunner (full auto included. Unlimited supply of ammo and variety of different toys for us all to play with.
I do play so y'all watch this forum...ya never know.
meaneyedcatz
Member
Yes to
church
missions
kids
family
charities
quit work but get a volunteer job. Got to stay active
church
missions
kids
family
charities
quit work but get a volunteer job. Got to stay active
Figured it was just for fun.
I've been very married to a Georgia Peach for 45 years. In my very married opinion anybody said something like that to their wife, he'd probably get a butt full of lead on HIS way out. (Big smiley face)
ditto that lol
I've been very married to a Georgia Peach for 45 years. In my very married opinion anybody said something like that to their wife, he'd probably get a butt full of lead on HIS way out. (Big smiley face)
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Squarebutt
Member
Should any of us actually win a major lottery prize, there is a right way and a wrong way to claim the prize to maximize the payout. A good financial advisor knows how.
I think I'd take the 20-year plan and set up a trust that would eventually survive me and my wife. We don't need a McMansion, a Ferrari or a Learjet. Our annual check would be in the six figures, not seven. All the other beneficiaries would get their chunk every year from some trust fund, and if they blew it on stupid stuff, too bad.
I think I'd take the 20-year plan and set up a trust that would eventually survive me and my wife. We don't need a McMansion, a Ferrari or a Learjet. Our annual check would be in the six figures, not seven. All the other beneficiaries would get their chunk every year from some trust fund, and if they blew it on stupid stuff, too bad.
I would buy an island, and call it America.
I know, it wouldn't be possible.
I just feel that way sometimes.
I know, it wouldn't be possible.
I just feel that way sometimes.
prplbkrr
Member
I would bolt a pedestal seat to the bed of a pick-up, then have a friend drive it down the 1/2 mile road I built, with me in the back.
There would be trap houses every 100 yds. or so, that are activated by old gas station "dingers."
There would be trap houses every 100 yds. or so, that are activated by old gas station "dingers."
I'd find several women I didn't like and buy them houses and cars and send the kids to the best schools [emoji12][emoji1]
turbo6
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A guy here in town just won 10 million, after taxes it worked out to be 4 million as a lump sum.
Not to wish anyone bad luck, but I'd be surprised if he makes it 5 years with any cash left over. Part of the problem is his family, poor work ethic etc but that's another story entirely.
With that said, if 10 after taxes leaves you with 4 mill, I'd probably invest in a new house, college for the kids, new cars etc.
First and foremost I'd probably consult a lawyer and a financial advisor.
Realistically, 4 mill is a good chunk of change, but I'm not going to start planning my retirement after...
Not to wish anyone bad luck, but I'd be surprised if he makes it 5 years with any cash left over. Part of the problem is his family, poor work ethic etc but that's another story entirely.
With that said, if 10 after taxes leaves you with 4 mill, I'd probably invest in a new house, college for the kids, new cars etc.
First and foremost I'd probably consult a lawyer and a financial advisor.
Realistically, 4 mill is a good chunk of change, but I'm not going to start planning my retirement after...
Captain O
US Veteran
I think that I would enjoy creating another set of "classic cartoons" in which I could star. (About 3 would do at $600,000.00 each). These would be the standard 24 frame-per-second animated short subjects that run about 6.5 -7 minutes long. (You don't have to be in Los Angeles or New York anymore to work in the industry).
After that I could hire myself out to people in the industry and keep working the rest of my days. Working until I die seems to be the best way to mantain a long and happy life.
Besides, after things get rolling, I could make some wonderful films that are "politically incorrect". Incurring the wrath of the Left would place me in some very good company! Biting satire at the expense of the Socialist "powers that be" would allow me to associate with people such as: Ted Nugent; Sarah Palin; Rush Limbaugh and many others.
Aside from that, I'd like to live in a modest home and worship on Sundays at the Church of Christ at the Corner of Circle Avenue and Kings Blvd. in my home town and live my life in relative tranquility, perhaps teaching comedy at the nearby University as an adjunct professor.
After that I could hire myself out to people in the industry and keep working the rest of my days. Working until I die seems to be the best way to mantain a long and happy life.
Besides, after things get rolling, I could make some wonderful films that are "politically incorrect". Incurring the wrath of the Left would place me in some very good company! Biting satire at the expense of the Socialist "powers that be" would allow me to associate with people such as: Ted Nugent; Sarah Palin; Rush Limbaugh and many others.
Aside from that, I'd like to live in a modest home and worship on Sundays at the Church of Christ at the Corner of Circle Avenue and Kings Blvd. in my home town and live my life in relative tranquility, perhaps teaching comedy at the nearby University as an adjunct professor.
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