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01-11-2016, 08:17 PM
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#61
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
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Quote:
Originally Posted by Independent
I assume you're talking about the NFL team. Forbes has it at $2.6 billion, so way out of my league at only $0.5 billion.
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Hmmm, didn't realize it was that overpriced. Maybe you could finance the balance?
__________________
*********Go Yankees!*********
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01-11-2016, 08:39 PM
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#62
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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Bought a couple tickets tonight and the screen on the lotto ticket machine said $1.4 billion! I'm betting it will go even higher by Wednesday drawing time.
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01-11-2016, 08:47 PM
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#63
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
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Our ROMEO Burger King group bought 54 tickets (6 apiece) this morning. Imagine a bunch of 9 overweight, bald headed, out of shape old men splitting up $1.5 B?
We would have to move the morning coffee group to Starbucks!
__________________
*********Go Yankees!*********
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01-11-2016, 10:43 PM
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#64
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,239
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Quote:
Originally Posted by Walt34
Like W2R, I'd probably end up giving most of it away to relatives, to charities, and maybe taking a luxury round-the-world cruise. That last one might be hard to talk DW into because she hates the idea of being on a cruise ship but perhaps if she's pampered enough.
Get my truck detailed for sure. Everything works on it so can't see buying a new one just for the sake of spending.
It's kind of hard to get my head wrapped around spending that much so I'm not sure what I'd do.
Oh, and new socks and underwear.
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Why the heck would you be on a cruise ship You could rent a big yacht and do it on your own....
BTW, I think they do have some big rooms to rent... so it is not like you are down below in the inside....
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01-11-2016, 10:46 PM
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#65
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,239
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Quote:
Originally Posted by JoeWras
Amen. I know EastWestGal mentioned lawsuits. Well, $500 mil will cover them. This is so much, lawsuits can be bought off no problem.
I'm worried about my life. About my kid's life. About my niece's life. Etc.
I'm not buying a ticket. I don't need this complication. I have a good life without that kind of target.
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From what I understand, Warren Buffet does not have a bodyguard.... if he does not need one then why would you?
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01-12-2016, 12:12 AM
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#66
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,770
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Quote:
Originally Posted by Texas Proud
From what I understand, Warren Buffet does not have a bodyguard.... if he does not need one then why would you?
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Unless he fired them, the security company that watches over Buffett is Clark International. I googled that cause I couldn't imagine Buffett wouldn't have some kind of security.
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01-12-2016, 01:36 AM
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#67
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Would set up a basic income foundation.
Awardees get a monthly stipend for life, no questions asked.
Would structure it so that there is moral pressure for awardees to help the foundation grow if they get rich themselves, hoping to grow the room for more awardees slowly but steadily.
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01-12-2016, 07:18 AM
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#68
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Full time employment: Posting here.
Join Date: Sep 2007
Posts: 514
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I would never play a lottery that permitted winners to remain anonymous. Too much corruption and shady behaviour in the lottery world. Credible lotteries publish winners' names to prove that a) real people are winning the money, and b) they're not employees of the lottery corporation.
I also think it's a bit of a scam that they dole out the winnings over 3 decades, or substantially reduce it if you actually want your winnings now. And finally, it's shameful that the government takes a quarter of the money in taxes, when they've already gotten a huge piece of the pie in taking their "cut" of the pot, before the numbers are even drawn.
In those respects, I actually like the lotteries here in Ontario. If the jackpot is $20 million, you win $20 million, not a $12 million "lump sum." You bring your ticket to the head office and they cut you a cheque for $20 million, in full. And lottery winnings are completely untaxed in Canada. So you get the full $20 million, and you keep every penny. They also publish the names and photos of winners, so it's credible.
All that said, if I had a convenient way to buy a Powerball ticket, I probably would. But it's a 45 minute drive to the border from where I am currently, and I don't really care that much.
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01-12-2016, 09:23 AM
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#69
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Full time employment: Posting here.
Join Date: Nov 2008
Location: Jacksonville
Posts: 637
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Quote:
Originally Posted by Dash man
I think I might get a boat if I win this one.
Sent from my iPhone using Early Retirement Forum
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Get a lawyer first!
Mike
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01-12-2016, 09:44 AM
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#70
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,227
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Quote:
Originally Posted by wrigley
Get a lawyer first!
Mike
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What does a lawyer know about boats? ;-)
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01-12-2016, 10:32 AM
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#71
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Anyone who thinks Bill does not have bodyguards evidently has not taken their little 17 foot sailboat too close to the shore of his Medina home on Lake Washington.
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01-12-2016, 11:41 AM
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#72
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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I think the odds are 292,000,000/1.
If I keep my $2 that's 1/1.
I like my odds better.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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01-12-2016, 02:29 PM
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#73
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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Quote:
Originally Posted by wrigley
Get a lawyer first!
Mike
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Lawyer first, beach house in gated community, security team second, boat third. I saw a place like this in Kennebunkport! I wonder if it's for sale? ImageUploadedByEarly Retirement Forum1452634160.344220.jpg
Sent from my iPhone using Early Retirement Forum
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01-12-2016, 07:06 PM
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#74
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by Texas Proud
From what I understand, Warren Buffet does not have a bodyguard.... if he does not need one then why would you?
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But you have to live in Omaha...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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Powerball at $1.3 Billion...dreaming gets bigger
01-12-2016, 07:47 PM
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#75
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Full time employment: Posting here.
Join Date: Jan 2005
Posts: 587
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Powerball at $1.3 Billion...dreaming gets bigger
Hugh Hefner is selling the Playboy Mansion for 200 million. The only problem is that it's really an open market reverse mortgage of sorts because it stipulates that he stays in the house until death!
Sent from my iPad using Early Retirement Forum
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01-12-2016, 07:50 PM
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#76
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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Quote:
Originally Posted by tinlizzy
Hugh Hefner is selling the Playboy Mansion for 200 million. The only problem is that it's really an open market reverse mortgage of sorts because it stipulates that he stays in the house until death!
Sent from my iPad using Early Retirement Forum
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And is only worth about 30 million, and that's only after a couple of million in renovations and disinfectant.
Sent from my iPhone using Early Retirement Forum
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01-12-2016, 07:56 PM
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#77
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Full time employment: Posting here.
Join Date: Apr 2015
Posts: 903
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01-12-2016, 09:11 PM
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#78
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,239
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Quote:
Originally Posted by hnzw_rui
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Well I guess that was a false report....
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01-13-2016, 12:05 PM
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#79
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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01-13-2016, 12:24 PM
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#80
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Thinks s/he gets paid by the post
Join Date: Sep 2011
Location: Placerville
Posts: 1,788
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So, which is better;
The lump sum or the annual draws? Annual would be about $50M a year for 30 years I think. Lump sum about $500M after all taxes.
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