Mega Millions $1.02B (est) - Details on what you'd do with that kind of $$$

[Tanko]

Sorry. Its 11:00 ET.
Stop selling tix 15 min prior.

 

[carolinakid]

ok thanks, for some reason i never got into the lotto, in all my life i purchase only a handfull of those scratch off tickets too

 

[JDS]

ok thanks, for some reason i never got into the lotto, in all my life i purchase only a handfull of those scratch off tickets too

Probably because you’ve always had everything you’ve always needed.

 

[Enikk]

Give it almost all away than gamble it away like most of us. Not a lotto guy

 

[carolinakid]

they say the person that never play it or just buy 1 ticket while stopping to get gas wins these , ok i will put that to the test friday night

 

[JDS]

they say the person that never play it or just buy 1 ticket while stopping to get gas wins these , ok i will put that to the test friday night

I’m buying one single ticket myself.

 

[Tanko]

they say the person that never play it or just buy 1 ticket while stopping to get gas wins these , ok i will put that to the test friday night

You got this baby. 1 ticket that's all it takes.

 

[Tanko]

I worked at a place where 20+ people had a lottery pool. One guy ran it and we'd each donate $5/wk and try and hit something. We only hit any significant amount of money once in the year I was there for ~$2k.

The manager was not happey because if somehow we hit, he was screwed. No one would be left to run the place.

 

[lemartinsports]

No one hit the Mega Millions again.

$1,020,000,000
$602,500,000 (cash option)
Drawing is Friday


Questions:
1) Are you playing?
2) What would you do with that kind of money?

im going to buy some today. if i won i would donate a portion to charities, the rest i would split between my family and one of my best friends. the rest goes to ME

 

[lemartinsports]

honestly, thats a lot of money and i love tanks idea of sharing with the good peeps in here

 

[JDS]

honestly, thats a lot of money and i love tanks idea of sharing with the good peeps in here

Same here all my homies on here get a piece of the pie. Tank is one of them …

 

[Tanko]

Many who win the lottery end up broke. I never understood how that happens. I know they burn it up on dumb things but you'd think common sense would prevail.

I guess winning that kind of money makes you lose your mind or something.

 

[Tanko]

I'd split the winnings up into piles...

• 50% Invest and have it grow pile. Do not touch. Only live off the earnings. Leave principal alone.
• 15% Pi$$ it away and have one hell of a time pile. IMO I think this would get old quick. (See Brewsters Millions).
• 15% Gifts to family and close relatives. Rich people set up these trusts for their kids and the kids live off the earnings and never pay taxes as long as they don't touch the original balance. For other relatives, I'd set it up a trust to give them the max allowed each year so they avoid gift taxes. They'd get this gift annually until the trust is tapped out 20-30 years down the road. Nice X-mas present for them for years after I'm gone.
• 10% Charities, church, and other organizations
• 5% Buy a small business that I would manage. Need something to keep you busy instead of just working on managnig your pile of $.
• 5% Gifts to friends (buy people computers, phones, or give them $ directly

Yeah, I've put a little thought into this.
We can all dream.

 

[JDS]

I'd split the winnings up into piles...

• 50% Invest and have it grow pile. Do not touch. Only live off the earnings. Leave principal alone.
• 15% Pi$$ it away and have one hell of a time pile. IMO I think this would get old quick. (See Brewsters Millions).
• 15% Gifts to family and close relatives. Rich people set up these trusts for their kids and the kids live off the earnings and never pay taxes as long as they don't touch the original balance. For other relatives, I'd set it up a trust to give them the max allowed each year so they avoid gift taxes. They'd get this gift annually until the trust is tapped out 20-30 years down the road. Nice X-mas present for them for years after I'm gone.
• 10% Charities, church, and other organizations
• 5% Buy a small business that I would manage. Need something to keep you busy instead of just working on managnig your pile of $.
• 5% Gifts to friends (buy people computers, phones, or give them $ directly

Yeah, I've put a little thought into this.
We can all dream.

That’s a great plan Tanko. I would follow suit with most of that how you described.

 

[lemartinsports]

I'd split the winnings up into piles...

• 50% Invest and have it grow pile. Do not touch. Only live off the earnings. Leave principal alone.
• 15% Pi$$ it away and have one hell of a time pile. IMO I think this would get old quick. (See Brewsters Millions).
• 15% Gifts to family and close relatives. Rich people set up these trusts for their kids and the kids live off the earnings and never pay taxes as long as they don't touch the original balance. For other relatives, I'd set it up a trust to give them the max allowed each year so they avoid gift taxes. They'd get this gift annually until the trust is tapped out 20-30 years down the road. Nice X-mas present for them for years after I'm gone.
• 10% Charities, church, and other organizations
• 5% Buy a small business that I would manage. Need something to keep you busy instead of just working on managnig your pile of $.
• 5% Gifts to friends (buy people computers, phones, or give them $ directly

Yeah, I've put a little thought into this.
We can all dream.

you are definitely prepared

 

[Franklee168]

I'd split the winnings up into piles...

• 50% Invest and have it grow pile. Do not touch. Only live off the earnings. Leave principal alone.
• 15% Pi$$ it away and have one hell of a time pile. IMO I think this would get old quick. (See Brewsters Millions).
• 15% Gifts to family and close relatives. Rich people set up these trusts for their kids and the kids live off the earnings and never pay taxes as long as they don't touch the original balance. For other relatives, I'd set it up a trust to give them the max allowed each year so they avoid gift taxes. They'd get this gift annually until the trust is tapped out 20-30 years down the road. Nice X-mas present for them for years after I'm gone.
• 10% Charities, church, and other organizations
• 5% Buy a small business that I would manage. Need something to keep you busy instead of just working on managnig your pile of $.
• 5% Gifts to friends (buy people computers, phones, or give them $ directly

Yeah, I've put a little thought into this.
We can all dream.

At my age, I'm blowing as much money as I can everyday. I may take some people on the ride just for shits and giggles.

 

[JDS]

At my age, I'm blowing as much money as I can everyday. I may take some people on the ride just for shits and giggles.

Damn I wish I was your real life friend lol.

 

[BobbyFK]

I'd split the winnings up into piles...

• 50% Invest and have it grow pile. Do not touch. Only live off the earnings. Leave principal alone.
• 15% Pi$$ it away and have one hell of a time pile. IMO I think this would get old quick. (See Brewsters Millions).
• 15% Gifts to family and close relatives. Rich people set up these trusts for their kids and the kids live off the earnings and never pay taxes as long as they don't touch the original balance. For other relatives, I'd set it up a trust to give them the max allowed each year so they avoid gift taxes. They'd get this gift annually until the trust is tapped out 20-30 years down the road. Nice X-mas present for them for years after I'm gone.
• 10% Charities, church, and other organizations
• 5% Buy a small business that I would manage. Need something to keep you busy instead of just working on managnig your pile of $.
• 5% Gifts to friends (buy people computers, phones, or give them $ directly

Yeah, I've put a little thought into this.
We can all dream.

smart plan

 

[venditto]

For all we know the lottery is rigged and the government pays a plant to pretend to win while pocketing it all. Rigged ass bullshit business as usual.

 

[JDS]

For all we know the lottery is rigged and the government pays a plant to pretend to win while pocketing it all. Rigged ass bullshit business as usual.

Yeah that’s a real stretch there Patty.