POWERBALL - What would you do with $500,000,000? [Archive] - Glock Talk

PDA

View Full Version : POWERBALL - What would you do with $500,000,000?


inthefrey
11-28-2012, 14:42
Okay, let's hear the dreams...:wavey:

Pay off family debts
Fix up the local church
Donate a bunch to several charities
Buy some gold
BUy a moderate-size boat and live on it

devildog2067
11-28-2012, 14:45
http://i.chzbgr.com/completestore/2008/9/16/128660782288445767.jpg

USMCsilver
11-28-2012, 14:45
I couldn't even fathom, and that's the truth.

The possibilities are litereally endless.

F14Scott
11-28-2012, 14:46
Well, first thing, I'd want to pay about $200,000,000 in taxes. Have to pay my fair share...

jakebrake
11-28-2012, 14:47
no debt for close family or friends.
help a few local churches
college education trust funds for family members
a large chunk of land
a lot of very interesting firearms.

TeeJay37
11-28-2012, 14:48
We were just talking about this at work. I could probably pay of my wife an my school loans, our house any credit cards our parents land and buy new cars and we'd still have 499 mil.

I think I'd build an underground gun vault. And then, of course, fill it.

GLWyandotte
11-28-2012, 14:49
Buy Frank a tablet.

czsmithGT
11-28-2012, 14:49
Give every friend I have a bunch of money and buy a penthouse condo in NYC and a house in San Diego.

stolenphot0
11-28-2012, 14:49
Build a compound on 2500 acres and hire ninjas to protect it.

devildog2067
11-28-2012, 14:50
I couldn't even fathom, and that's the truth.

The possibilities are litereally endless.

Taxes and a new jetliner would blow through $500M inside a couple of weeks.

I'm not saying that's what I'd go spend it on, but I can think of some big-ticket items that would burn through the remaining $300M after taxes pretty quick...

inthefrey
11-28-2012, 14:53
Taxes and a new jetliner would blow through $500M inside a couple of weeks.

I'm not saying that's what I'd go spend it on, but I can think of some big-ticket items that would burn through the remaining $300M after taxes pretty quick...


I'll bet! You could make one heck of a down payment on that new, backyard LHC!:supergrin:

Sharkey
11-28-2012, 14:54
Give it all to charity - namely the fed. Govt. they need help with spending. A good lib would do that.

jakebrake
11-28-2012, 14:54
Buy Frank a tablet.
:rofl::rofl::rofl:

IndyGunFreak
11-28-2012, 14:55
Okay, let's hear the dreams...:wavey:

Pay off family debts
Fix up the local church
Donate a bunch to several charities
Buy some gold
BUy a moderate-size boat and live on it

Even though I know I'm wrong... I'd like to think my life wouldn't change that much.

I imagine we would both still keep our jobs, as we both enjoy our work. Unfortunately given the liabilities of both of our jobs, that may not be possible. If by chance someone found out about our wealth, I'd get sued constantly (her maybe not so much, but it'd be a risk). Since we're renting right now after recently selling, we'd probably buy another house (but that's not a huge deal, as we're planning to buy in the spring/summer anyway). I guess it would definitely change what we bought, and I'd have the most awesome underground range in history...lol.

I'd definitely help family, some charities, etc..

I doubt I'll ever know. I don't play the lottery, but I figured 500 million, was worth a $2 gamble.

harlenm
11-28-2012, 14:58
Cash value is $360 milion, after taxes you'd probably have about $220million.

Still a ton of money.

Probably will be multiple winners and will have to split it.

Gareth68
11-28-2012, 14:59
I'd buy a small hill (bare min 20-30 acres) with a good water source in a low tax state with a 3 BR cabin on top and a 40 x 60 shop with a nice lift.

I would invest enough locked down and untouchable to ensure I would have $100k a year for life.

Then I would start building toys and taking vacations.

If I managed to blow through everything, I would live a wonderful retired life with a reasonable income and lovely spread.

IndyGunFreak
11-28-2012, 14:59
Buy Frank a tablet.

:rofl::rofl:

USMCsilver
11-28-2012, 14:59
Taxes and a new jetliner would blow through $500M inside a couple of weeks.

I'm not saying that's what I'd go spend it on, but I can think of some big-ticket items that would burn through the remaining $300M after taxes pretty quick...

LOL, reckon I shoulda said "within reason". :)

I'm more of a small-scale guy. Supercars, superbikes, superboat... An ultra-modern house on a large piece of land, and one helluva gun range.

jp3975
11-28-2012, 15:02
Id buy every gun I ever wanted.

Travel all over the world.

Open/buy a winery/distillery.

Give friends/family a million or so each.

Bruce M
11-28-2012, 15:05
Buy Frank a tablet.
I would give Frank a tablet from the several (many) dozen I bought - most of which would be "accidentally left" in various urban settings...

17&27
11-28-2012, 15:09
Not a damn thing I didn't want to, and I probably wouldn't start doing that until 1:30 or 2:00 in the afternoon.
After that I'd sit on the front porch sippin' on some Jack Daniels and wonder what the po' folks was doin'.

Geko45
11-28-2012, 15:11
http://i.chzbgr.com/completestore/2008/9/16/128660782288445767.jpg

Along the same thought line, hookers and blow...

Seriously? I'd start an aviation related business of some sort. With $500 million to blow through I could stay in business for at least 25 years.

:supergrin:

JMS
11-28-2012, 15:12
Create a family trust, draw interest off of it, never touching the principle which should give me about $250k a month for the rest of my life. Travel the world first class, eating the best foods at the best restaurants in the world, and a McLaren F1/Ferrari 250 GTO in the garage.

Goldendog Redux
11-28-2012, 15:12
I'd purchase the local church and turn it into a brothel. This is Nevada after all.

devildog2067
11-28-2012, 15:13
Along the same thought line...

pro tip--don't google image search "2 chicks at the same time" at work even if you're just looking for the office space meme pic.

czsmithGT
11-28-2012, 15:18
Since I need more money I think I will wait until next week to win when the payout will be a billion $ pre-tax.

Batesmotel
11-28-2012, 15:18
Pay the taxes then invest it in real-estate.

That could be a billion in 15 -20 years.

A billion dollar trust could do good for generations.

smokin762
11-28-2012, 15:22
While I was at work today, my coworkers and I were talking about this.

I would pay off what bills I have. Then I would do the same for my family and close friends.

I would start a Trust Fund for my daughter. I would like to help her follow her dreams and not have to worry about things while doing it.

Then, I would take a class at every firearm school. For rifle and pistol. Maybe even twice. That would be my version of Disney World. The ultimate gift to myself.

After that, I would hunt and fish in everyplace I could. All across the U.S.

At some point, I would get the top of the line Laptop with Wi-Fi and the top of the line digital camera. I would then take a class on how to take nice pictures. Tips would be nice. Then I would buy a small motorhome and take in all the scenery and share the picture with anybody that was interested.

For me, this would be awesome. But I am just a simple man.

singularity35
11-28-2012, 15:24
Buy a few glocks...

ArrowJ
11-28-2012, 15:33
Step One: Tithe
Step Two: All The Usual (Take Care Of Family & Friends Etc.)
Step Three: Give Millions Away
Step Four: Invest Millions In Gold Etc.
Step Five: Repeat Step Three With The Profits From Step Four
Step Six: Open A Gun Shop And Sell Everything At Half Off With A Loss Not To Exceed $2,000,000 Per Year

Edit: Step One Should Be: Leave Illinoguns (Please Increment The Remaining Steps As Needed)

Marine123
11-28-2012, 15:34
Trade it in for gold, silver,ammo, and a few guns. Maybe buy some property outside of town.


Posted using Outdoor Hub Campfire (http://www.outdoorhub.com/mobile/)

Gun Shark
11-28-2012, 15:35
Buy Frank a tablet.

:rofl::rofl::rofl:

Rabbi
11-28-2012, 15:39
With A Loss Not To Exceed $2,000,000 Per Year

)

That would not work.

You would own a gun store that would be open for abuot 10 minutes once a year. You dont understand the math of what you are saying, you would be selling the guns at(much) less than wholesale. Which is actually giving them away, because people could turn around and make a great profit.

Keep in mind, when you give something away, you cant make enough of it, ever. You would not be selling guns at a great price, you would be creating a slightly comlicated way of letting others make lots of money in the gun business.

To be blunt, if you gave away 2 million a year, you would accomplish the same thing. The "guns" part of the issue doesnt matter.

Bruce M
11-28-2012, 15:40
I'd purchase the local church and turn it into a brothel. This is Nevada after all.:rofl::rofl:

pro tip--don't google image search "2 chicks at the same time" at work even if you're just looking for the office space meme pic.:rofl::rofl:

skinny99
11-28-2012, 15:40
I would pay off all my family and friends homes. Most people's lives would be greatly improved with the elimination of housing costs.

Dad would get a new Z06 vette and a 1990's ZR1. He already has one from all other decades, including a 1959 283 FI/ 4 speed car with only 26k that has been garage kept since new.

As for me I would buy a large piece of property away from town, at least 40 acres. Build a very nice 5000ish square foot house with a fully protected safe room to keep my large inventory of guns and gold in.

And last I would build a number of large building to house any kind of tools or equipment that my heart desires. Unlike some I would never work or have my own business ever again. I would have all kinds of cool toys but I would build, restore or customize all of them myself.

I am big into airboats and would have a couple really,really nice boats and one that would be downright scary fast. All built by me from top to bottom.

I would not be donating any money to large charities. I know they have there place but I like to see where my money is going. I already get involved with a number of local organization and would expand my contributions. I generally get involved in cancer patients. I have a hard-on for cancer as it has killed almost every member of my immediate family over the last 40 years.

Of course all this is a pipe dream but I am bored and felt like typing it! :wow:

W4CNG
11-28-2012, 15:50
Set up a larger trust fund for my Granddaughter who has Cerebal Palsy and Epilepsy, 15% to our church, pay off all bills, fly to Bell Textron and build a custom Bell 422 Long Ranger Helicopter (seats 7), learn to fly it to and from our new home at Hilton Head Island SC. Let my wife invest the rest of it in off shore accounts (she is a CPA and CFP). The rest is still in planning. Too much money to spend, just wait for the right opportunities including travel and cruises.

fnfalman
11-28-2012, 16:01
I'd invest in the future of America: adopting 17-years-old hot Eastern European chicks.

MtBaldy
11-28-2012, 16:01
Buy diamonds and a world cruising sail boat and then try to figure out what country is least likely to become socialist in the next 20 or 30 years.

Or hookers and blow in a penthouse in Las Vegas.

arclight610
11-28-2012, 16:17
I would probably take 10 million of it, and start 5 or so small companies to see where they go.

*ASH*
11-28-2012, 16:21
get EMT the baddest hot dog cart in the world !!!!

Adjuster
11-28-2012, 16:21
Would anyone consider buying a suite/penthouse on that 'World Ship' that is constantly out to see and at a new port every few days?



/

Ftttu
11-28-2012, 16:48
I would go around trying to be a do-gooder. I wouldn't throw money at problems, but I would do what I thought best for the money in that particular situation. Not saying I wouldn't have my toys, though.

jdavionic
11-28-2012, 16:52
I'd buy GT and ban the OP....j/k

Trying to keep politics out of it, I'd take the money and run.

Henry's Dad
11-28-2012, 16:54
I'd be stuck in my cabana...

Bananas And Blow - Ween Live - YouTube

cowboy1964
11-28-2012, 16:54
I would buy the local gun shop, lock, stock, and barrel. And build the most awesome range anyone has ever seen :)

Glock20 10mm
11-28-2012, 16:56
After taxes I would have $225,000,000.00 left over.

Well I would leave California without hesitation.

Pay off wifes debt and what little I have left

Pay off sisters debt and gift her $25,000,000.00

Purchase $25,000,000.00 worth of gold, silver, palladium and platinum for my two daughters and my wife and myself (that's $75,000,000.00 there that would be insurance against the fiat dollar collapsing)

Find 500 or more acres in Wyoming and build a killer off grid home (one that would actually get done right as I would have the $$$ to do it right!!!) I figure that's another $5,000,000.00 there.

Purchase some new guns, more ammo, body armor, targets and generally fun stuff that I can't have in Kommiefornia!

Invite my friends (GT and personal) over for one hell of a BBQ target match!

Then after all that I would have about $112,000,000.00 left over... I would take the $12,000,000.00 and keep that for my own use (in case ya ain't figured it out I am not working anymore at this point!) for miscellaneous stuff.

And the last $100,000,000.00... I would do what any decent human would do. I would find legitimate folks that have been busting their ass trying to make it only to have life and a few erroneous choices throw them into the pit of despair. And those folks would be gifted based on their needs from an anonymous source a second chance to get on their feet.

I think that would help a lot of folks that need it, folks that did everything right but due to circumstances and location still got boned. Having been there in my life... I can relate, and it was the kindness of someone that helped me get my feet back under me so I could get to where I am today. So it's my pay it forward in full.

cangler
11-28-2012, 16:58
After taxes I would have $225,000,000.00 left over.

Well I would leave California without hesitation.

Pay off wifes debt and what little I have left

Pay off sisters debt and gift her $25,000,000.00

Purchase $25,000,000.00 worth of gold, silver, palladium and platinum for my two daughters and my wife and myself (that's $75,000,000.00 there that would be insurance against the fiat dollar collapsing)

Find 500 or more acres in Wyoming and build a killer off grid home (one that would actually get done right as I would have the $$$ to do it right!!!) I figure that's another $5,000,000.00 there.

Purchase some new guns, more ammo, body armor, targets and generally fun stuff that I can't have in Kommiefornia!

Invite my friends (GT and personal) over for one hell of a BBQ target match!

Then after all that I would have about $112,000,000.00 left over... I would take the $12,000,000.00 and keep that for my own use (in case ya ain't figured it out I am not working anymore at this point!) for miscellaneous stuff.

And the last $100,000,000.00... I would do what any decent human would do. I would find legitimate folks that have been busting their ass trying to make it only to have life and a few erroneous choices throw them into the pit of despair. And those folks would be gifted based on their needs from an anonymous source a second chance to get on their feet.

I think that would help a lot of folks that need it, folks that did everything right but due to circumstances and location still got boned. Having been there in my life... I can relate, and it was the kindness of someone that helped me get my feet back under me so I could get to where I am today. So it's my pay it forward in full.

Come on dude, at least put some thought into it. :rofl:

RWBlue
11-28-2012, 17:00
I would spend most of my money on wine women and song. The rest I would waist.


On a more serious note,
Get in better shape. Never eat "fast food" again.
Learn to fly.
Travel, following the Spring, Summer, and Fall. I don't like Winter, but would Christmas in Colorado or Switzerland.
Get a better gun collection than BAC.

I wonder how hard it would be to hunt every game animal in every state by every means possible? i.e. Deer, Ohio, Shotgun, pistol, bow, crossbow.

Glock20 10mm
11-28-2012, 17:02
I would probably take 10 million of it, and start 5 or so small companies to see where they go.

Not very far in this country anymore.

Glock20 10mm
11-28-2012, 17:05
Come on dude, at least put some thought into it. :rofl:

Okay... I'll try harder next post!

GWSHARK
11-28-2012, 17:09
I'd buy Glocktalk off of the big E.

:cool:

dabigguns357
11-28-2012, 17:13
I can sum it up in one word " hide".

VC-Racing
11-28-2012, 17:18
Should I ever win any lottery, those family and friends that were supportive of me in good and bad times would be richly rewarded, those that were not , well lets say they can go pee on a 220v electrical outlet.

Henry's Dad
11-28-2012, 17:21
What stinks is that you have one month to get all your affairs in order and claim your winings before the Bush tax cuts expire.

You often see big winners lay low for a while before claiming the prize so they can (wisely) get lawyers and accountants lined up.

I would hold a press conference to publicly thank Dear Leader for agreeing to extend the Bush tax cuts for top earners back in Dec. 2010.

Then donate the difference in tax savings to the RNC. :rofl:

Edit: Or does it matter? Do they tax you based on when you win or when you claim?

certifiedfunds
11-28-2012, 17:26
I'd be found dead in a ditch with a big smile on my face

LASTRESORT20
11-28-2012, 17:38
Lone winner:

Disappear ....Build a compound On a `small Island` / Place with the best tecknowledgy/gadgets available....There will be a few *small planes and helicopters in the mix..closest like-minded trusted friends and family will have "Option" to partake....

Glock20 10mm
11-28-2012, 17:45
What stinks is that you have one month to get all your affairs in order and claim your winings before the Bush tax cuts expire.

You often see big winners lay low for a while before claiming the prize so they can (wisely) get lawyers and accountants lined up.

I would hold a press conference to publicly thank Dear Leader for agreeing to extend the Bush tax cuts for top earners back in Dec. 2010.

Then donate the difference in tax savings to the RNC. :rofl:

Edit: Or does it matter? Do they tax you based on when you win or when you claim?

When you claim.

Halojumper
11-28-2012, 17:46
Build a compound on 2500 acres and hire ninjas to protect it.

Ninjas specialize in infiltrating, not protecting. :)

Bren
11-28-2012, 18:32
Okay, let's hear the dreams...:wavey:

Pay off family debts
Fix up the local church
Donate a bunch to several charities
Buy some gold
BUy a moderate-size boat and live on it

With $500,000,000? That's what you've got? What would you do with the other $499,750,000?

What I'd do is buy houses in places I might like to visit some day and travel and do as I please until I die.

devildog2067
11-28-2012, 18:36
I'd be found dead in a ditch with a big smile on my face
I was talking to a buddy of mine that I used to sell cars with a couple of months ago. He asked what my career plans are and I told him I hope to stay at the firm I'm at now and climb the ladder to partner, since I don't think there's a faster non-Powerball way to make the kind of money involved.

He asked what kind of money we were talking about, and I told him, and he did some mental math and said: "Dude, if I were making that much per week I'd be the most perverted dude on the planet. Absolutely everything in my life would be done for me by naked chicks."

Scott3670
11-28-2012, 18:43
$500,000,000? Well... lemme think.

1. I would no longer have to wait for my Obama phone.
2. I'd buy the biggest baddest Bravia that my hood ever done saw.
3. I'd get my jacked-up teef fixed real good like.


:tongueout:

beforeobamabans
11-28-2012, 18:44
Buy an estate on the Big Island with a big guest house and a private airfield, an airplane to island hop, a convertible Ferrari to tour it, Kona coffee everyday, new golf clubs to use four days a week, and a new Harley.

For starters.

Henry's Dad
11-28-2012, 18:51
Buy an estate on the Big Island with a big guest house and a private airfield, an airplane to island hop, a convertible Ferrari to tour it, Kona coffee everyday, new golf clubs to use four days a week, and a new Harley.

For starters.

Why bother with the plane? Just have T.C. fly you in his chopper, Magnum.

They you can both meet up with Rick for drinks at the King Kamehameha Club.

Just don't tell Higgins you borrowed the Ferrari.:rofl:

Detectorist
11-28-2012, 18:53
I would help out my family, you know, the ones who have been good to me..

I would hire a good lawyer, psychologist, and accountant.

I would seek out fellow Veterans who need help helping themselves. Many need transportation and basic living expenses. I would help them with what is needed for them to be self sufficient.

Would donate a heck of a lot to brain cancer research. I would fully fund the top 5 research projects so that the Dr.s doing the research don't need second jobs to earn the living they deserve.

I would also fund medical treatment for children with brain cancer.

jdavionic
11-28-2012, 18:53
Buy dentures for my dog and get him some beeeches so he can enjoy his last years.

posted using Outdoor Hub Campfire (http://www.outdoorhub.com/mobile/)

certifiedfunds
11-28-2012, 18:54
I'd buy 1.5 million tablets, load dropbox onto each one and pepper them around every major city, and a few in Appalachia

jdavionic
11-28-2012, 19:02
I'd give Eurodriver a million bucks to take IndiMatt out on a joy ride on his motorcycle.

posted using Outdoor Hub Campfire (http://www.outdoorhub.com/mobile/)

certifiedfunds
11-28-2012, 19:07
I'd give Eurodriver a million bucks to take IndiMatt out on a joy ride on his motorcycle.

posted using Outdoor Hub Campfire (http://www.outdoorhub.com/mobile/)

bromance?

Bruce H
11-28-2012, 19:11
I would have the great pleasure of telling all the freeloading idiots that hit me up for a donation to their favorite charity to go to hell.

itisbruno
11-28-2012, 19:12
I would fart in public, just like tous, and not care.

jdavionic
11-28-2012, 19:35
bromance?

Perhaps...but I think it would only last a few seconds beyond "hey Indi, hang on"

jdavionic
11-28-2012, 19:36
I would fart in public, just like tous, and not care.

As if you don't do that already :supergrin:

itisbruno
11-28-2012, 19:49
As if you don't do that already :supergrin:


:whistling:

Little Joe
11-28-2012, 20:10
After reading a lot of stories of lottery winnings gone bad, I wouldn't tell anybody else. I would not look to change anybody else's life. Nobody thinks there finances are any of my business, and neither do I. Both of my parents are deceased. My only brother is an ***hole so that's easy enough. Playing Santa Claus has caused most of the unintended problems for lotto winners. I would avoid it like the plague. Instead I would give to causes and situations that moved me in an anonymous fashion.

I would look to set up a blind trust with a top wealth management company and not change anything about my life for a year. Let's see what kind of return I get back on it, and go from there.

RWBlue
11-28-2012, 21:34
4, 8, 15, 16, 23, & 42





Wait a minute those are the lost numbers.

5-23-16-22-29-Powerball 6

I didn't win. Is it bad that I now want no one to win so it rolls over to the next time?

gjk5
11-28-2012, 21:48
Buy Kween Labeefa the biggest, best meal she ever had.

Then I would take the remaining $5M and buy a nice mountain property and disappear.

certifiedfunds
11-28-2012, 21:54
After reading a lot of stories of lottery winnings gone bad, I wouldn't tell anybody else. I would not look to change anybody else's life. Nobody thinks there finances are any of my business, and neither do I. Both of my parents are deceased. My only brother is an ***hole so that's easy enough. Playing Santa Claus has caused most of the unintended problems for lotto winners. I would avoid it like the plague. Instead I would give to causes and situations that moved me in an anonymous fashion.

I would look to set up a blind trust with a top wealth management company and not change anything about my life for a year. Let's see what kind of return I get back on it, and go from there.

Probably the wisest post of the thread.

Winning a few hundred million bucks overnight and managing it the right way will very likely cost you most of your friends and much of your family. All the people who say they'd pay off debt for friends and family will likely find themselves doing it several times over as those same people take on more debt. Same with cash gifts. They'll spend it and then expect more.


On the flip side I always find it interesting to see how people say they'd handle the money. I happen to know someone who sold his business 4 years ago for $500MM. Since then, what has he spent his money on? New businesses.

Lone_Wolfe
11-28-2012, 21:54
I'd have spent a chunk of it trying to find the cure for cancer.

ChuteTheMall
11-28-2012, 22:01
I'd buy every American a Twinkie.

:patriot:

Slug71
11-28-2012, 23:14
Pay off my debt, buy a house(nothing too fancy) and invest the rest for a couple years before I touch it again. And by invest I mean property, business and savings. Won't touch stocks for now. Probably buy some silver and gold or platinum too.

Hugo R
11-28-2012, 23:35
I can sum it up in one word " hide".

Lone winner:

Disappear ........

That is the key...hide and disappear. For a good long while. Then, with new life established you can do all of those helpful things for others...from afar.

HR:cool:

Longhammer
11-29-2012, 01:51
Bat Cave.

NeverMore1701
11-29-2012, 02:04
Move, somewhere pretty with a decent house and room for the horses. Buy a bike, finish my private pilot's licence and get a small plane. Keep going to school. Invest.

BicycleDay43
11-29-2012, 02:50
Hookers and blow obviously. :supergrin:

In all seriousness, I'd do a little spending and a lot of saving with a good amount of charity on the side.

Travclem
11-29-2012, 06:37
I won!
$4

rhikdavis
11-29-2012, 06:45
Put it all on the US Deficit like a good American.

kensb2
11-29-2012, 07:03
I don't play the lottery, but I looked at the website, and the difference between $1M, and $580M is only 1 number (the powerball). That's the difference between having a few nice toys for maybe yourself, and your kids vs. (if managed properly) starting to build actual lasting wealth for your family.

Longtooths
11-29-2012, 07:14
Tell no one! Set up a trust to claim the prize and money.
The wife and I would immediately pay off all debt and taxes. We would hire a law firm and investment firm to handle the investing of our money. I would steer investments currently to hard assets to include property and precious metals.
Then we would leave for vacation, about a month or so long, several destinations, the most luxurious we can find. During this time we would discuss how specifically to help out our deserving relatives, with the overriding goal of our charity being anonymous.

Upon our return we would look for a large parcel of land in Texas and Colorado. Would like natural springs and good water source, caves are nice. Then I would begin work on my dream house, subterranean shelter, cattle ranch, compound and all of it would be self-sustaining, off the grid if necessary.

Then I would stock it chuck full of Black Angus, guns, fuel, mechanical equipment, food, and water.

I would also build additional living for like-minded family and friends. Who would be invited to live and work on the ranch for the remainder of their lives.

jason10mm
11-29-2012, 07:30
What would it cost to build a castle and live like the Earl on Downton Abbey?

And alas, even the powerball wouldn't get you to the super-rich tier, rolling like the Sheikhs. You'd have to settle for rubbing elbows with the moderately successful, movie stars and the like.

Glockdude1
11-29-2012, 07:35
Retire.........

:cool:

M2 Carbine
11-29-2012, 07:49
I would give most of it away.

Being 74 years old that much money would mean little to me.
I'd probably keep a few million to have fun with and give the rest to friends, brothers, people I like and people that I think need help, etc.

I'm not a bleeding heart but there's a lot of people that are deserving of a helping hand and there are people that have been nice to me, even with just a smile, that I'd like to give a big fist full of money.:)



My friend's daughter won 32 million, so I know first hand about how it goes suddenly becoming a multi millionaire.



.

Adjuster
11-29-2012, 09:28
I see some of you say invest. I am curious with this much money why invest any at all? A simple interest bearing account or whatever type of account to reduce taxes will earn you more money than you could ever spend and with no risk. Not only you but this amount of money should be good for several generations of your family in simple interest accounts.


/

vart
11-29-2012, 09:45
One of the winning tickets was here in AZ...

devildog2067
11-29-2012, 09:50
I see some of you say invest. I am curious with this much money why invest any at all? A simple interest bearing account or whatever type of account to reduce taxes will earn you more money than you could ever spend and with no risk. Not only you but this amount of money should be good for several generations of your family in simple interest accounts.


You can't really take half a billion dollars and just stick it in a savings account.

vart
11-29-2012, 09:55
You can't really take half a billion dollars and just stick it in a savings account.
There is a very good local investment firm that I would contact.

I need $10 million fairly liquid for paying off debts and my immediate family's debts, buying of toys, etc.

The rest needs to be put in a variety of accounts, trust funds, etc. that will provide financial stability for generations...

JMS
11-29-2012, 10:43
You can't really take half a billion dollars and just stick it in a savings account.

Why not? You don't have FDIC protection but other than that, why not?

devildog2067
11-29-2012, 10:46
Why not? You don't have FDIC protection but other than that, why not?

You just named the reason. FDIC limit is $250k per owner per bank.

TeeJay37
11-29-2012, 10:49
Lets say you take 90 percent of your winnings and buy gold, to protect the value. How do you store such amount o gold.

devildog2067
11-29-2012, 10:50
Simplistically, the interest that a bank pays you on your savings account is a "average" of what they think they can get lending it out to people less what they have to pay for their administrative overhead and what they think they can get away with keeping as a profit.

A several-hundred-million dollar sum of money is large enough that you can make targeted investments, you don't have to "average" the returns.

If you try to put that much in a savings account, the bank is going to put you in front of a private wealth associate who will do their best to talk you out of it, since it's not in either of your best interests to put that money there.

JMS
11-29-2012, 10:50
I would not look to change anybody else's life.

It's so true, for example even if I cleaned up my brother in laws debts (totaling close to 1 mil easy) he'd dig an even bigger hole the next time around.

JMS
11-29-2012, 10:55
You just named the reason. FDIC limit is $250k per owner per bank.

FDIC is just there to make the layman feel better, if there was ever a systematic collapse I don't see how they could stand behind their 'promise.'

Going on your premise I could still have a few million squirreled away with a 'guarantee' (spread out over multiple banks) and for simplicity sakes leave the lump sum in one.

I forgot the ratio of deposits to loans, but a $200 mill deposit might allow them to lend out $1 billion, paying me 1/2 point interest and charging 10% average on the $1 billion, I think they'd be fine with my decision.

devildog2067
11-29-2012, 10:59
Going on your premise I could still have a few million squirreled away with a 'guarantee' (spread out over multiple banks) and for simplicity sakes leave the lump sum in one.


I suppose you could take the money out in cash and light it on fire too, if you just wanted to take chances with it.

Allow me to amend my statement, since you seem to have interpreted it so literally.

You "can" put that much in a savings account. There's no legal or regulatory reason why you could not. As a practical matter, it's not done, and the bank won't "let" you because it's not the best place to put that much money.

Rabbi
11-29-2012, 11:15
FDIC is just there to make the layman feel better, if there was ever a systematic collapse I don't see how they could stand behind their 'promise.'

Going on your premise I could still have a few million squirreled away with a 'guarantee' (spread out over multiple banks) and for simplicity sakes leave the lump sum in one.

I forgot the ratio of deposits to loans, but a $200 mill deposit might allow them to lend out $1 billion, paying me 1/2 point interest and charging 10% average on the $1 billion, I think they'd be fine with my decision.

I think you are missing some issues.

There is a statment that says "When you owe the bank a million bucks you have a problem...when you own the bank 100 million dollars, you both have a problem!"

The same can be said for your deposit. "When you have one million in the bank, the bank deals with it...when you have 100 million in the bank, you both deal with it"

Most people dont know (why would they) that when you put enough money into a bank, you start to become a *partner* with that bank. You investment impacts the books in such a way that you dont have to just worry about your money, you have to worry about the bank.

Glock20 10mm
11-29-2012, 11:21
I see some of you say invest. I am curious with this much money why invest any at all? A simple interest bearing account or whatever type of account to reduce taxes will earn you more money than you could ever spend and with no risk. Not only you but this amount of money should be good for several generations of your family in simple interest accounts.


/

Some of us have children or family with children we would like to see taken care of. Both my daughters have a trust fund that was set up when they were born, but they cannot access it until they are 35. The intent is to have them live on their merits and accomplishments then later in life enjoy the rewards.

skinny99
11-29-2012, 11:22
Rabbi and Devil where would you put the money if you wanted a simple safe place to keep it? Just curious.

devildog2067
11-29-2012, 11:25
Rabbi and Devil where would you put the money if you wanted a simple safe place to keep it? Just curious.

There isn't one. There's nothing "simple" about that kind of money.

If I wanted to make my own life "simple" I'd hire an investment advisor I could trust and let them deal with it, but the fact is that to properly handle that kind of money takes a lot of time and effort.

Rabbi
11-29-2012, 11:31
Rabbi and Devil where would you put the money if you wanted a simple safe place to keep it? Just curious.

There is no simple answer to that kind of money.

There are many asset classes and you would need to learn and understand them...and that is just so you can understand what your money handlers are doing.

The *simplest" answer is government securities. (from Federal to Municipal)

RWBlue
11-29-2012, 11:40
Lets say you take 90 percent of your winnings and buy gold, to protect the value. How do you store such amount o gold.

Rent Fort Knox.

My understanding it that it is basically empty now.:whistling:

bocaboca
11-29-2012, 11:53
this tells the real story

rhikdavis
11-29-2012, 11:59
I won!
$4

Hi!!!! :eyelashes:

NOLA_glock
11-29-2012, 12:19
You could imagine my surprise since I don't play the lottery. :rofl:

Besides travel, I don't have expensive tastes, so though I'd be able to buy whatever it is I wanted, I'm not really going to blow it all on toys. I'd contact a lawyer to help me claim the money anonymously, first of all. Id definitely spend some money on travel, as well as becoming educated on the things that interest me.

devildog2067
11-29-2012, 12:21
I'd contact a lawyer to help me claim the money anonymously, first of all.

Not up to you.

CAN I REMAIN ANONYMOUS WHEN I HIT THE JACKPOT?
All but five states (DE, KS, MD, ND, OH) have laws that require the lottery to release the name and city of residence to anyone who asks.

vart
11-29-2012, 12:30
this tells the real story
:rofl::rofl:

NOLA_glock
11-29-2012, 12:31
Not up to you.

Well that's lame. Scratch that idea.

SRS
11-29-2012, 12:40
Putting aside the management aspects of how to handle over $100 million, I think that I'd go to medical school. It's something I have some regrets about not doing and that is impractical at this point in my life absent a significant influx of cash.

Of course, if winning came to fruition, guns, travel, hookers, and blow would also have a certain allure.

devildog2067
11-29-2012, 12:42
Well that's lame.

I'm with you, I wouldn't want people to know either, but I think it's a publicity for the lottery folks thing.

Rabbi
11-29-2012, 12:49
I'm with you, I wouldn't want people to know either, but I think it's a publicity for the lottery folks thing.

The legal answer from the Lotto folks is transparency, which is actually a pretty good answer, even if it suck if you are the person who wins.

devildog2067
11-29-2012, 12:50
The legal answer from the Lotto folks is transparency, which is actually a pretty good answer, even if it suck if you are the person who wins.

Ah, also a good point. It'd be good to know if it's always the Lotto commissioner's kid who wins.

certifiedfunds
11-29-2012, 14:22
You just named the reason. FDIC limit is $250k per owner per bank.

They'll just bond the moneu over fdic. Make sure to verify the bond.

But not a half a billion. That level of wealth opens up an entirely new set of investment opportunities.

ChuteTheMall
11-29-2012, 15:19
Rabbi and Devil where would you put the money if you wanted a simple safe place to keep it? Just curious.

Simple: Send it to ChuteTheMall.

There isn't one. There's nothing "simple" about that kind of money.


Simple: Send it to ChuteTheMall.

There is no simple answer to that kind of money.



Simple: Send it to ChuteTheMall.

Taphius
11-29-2012, 15:20
Open a ton of Mcdonalds and find good managers

Rabbi
11-29-2012, 15:24
Open a ton of Mcdonalds and find good managers

Most of your best brand franchises wont touch you just because you have the money. You also need to be the right guy.

Do you think Mcdonalds is waiting around like a Rolls Royce dealer, all they need is someone with the money? Not at all. They vette their owners very well. The line of people who want to play that game and have the money is going out the door and around the block.

There are also next to no Mcdonalds opportunities left in the United States.

JMS
11-29-2012, 15:44
Most of your best brand franchises wont touch you just because you have the money. You also need to be the right guy.

Do you think Mcdonalds is waiting around like a Rolls Royce dealer, all they need is someone with the money? Not at all. They vette their owners very well. The line of people who want to play that game and have the money is going out the door and around the block.

There are also next to no Mcdonalds opportunities left in the United States.

How did you become an expert on EVERYTHING? You make your opinion/ideas always sounds like cold hard facts. How many McDonald's opportunities are left in the US? Please regale me with facts.

Rabbi
11-29-2012, 15:50
How did you become an expert on EVERYTHING? You make your opinion/ideas always sounds like cold hard facts. How many McDonald's opportunities are left in the US? Please regale me with facts.


http://www.aboutmcdonalds.com/mcd/franchising/us_franchising/aquiring_a_franchise.html

Acquiring a Franchise (in the US)

Most Owner/Operators enter the System by purchasing an existing restaurant, either from McDonald’s or from a McDonald's Owner/Operator. A small number of new operators enter the System by purchasing a new restaurant.

The number 1 goal of my life is to learn and know as much as I can. I am pretty good at it as well. Sucks that you have the goal of getting pizzy about people who know things.

JMS
11-29-2012, 15:52
http://www.aboutmcdonalds.com/mcd/franchising/us_franchising/aquiring_a_franchise.html

Acquiring a Franchise (in the US)

Most Owner/Operators enter the System by purchasing an existing restaurant, either from McDonald’s or from a McDonald's Owner/Operator. A small number of new operators enter the System by purchasing a new restaurant.

So there ARE opportunities to purchase an existing McDonald's restaurant, just not to build a new one.

You come across more as a blowhard than all knowing btw, when do you have the time in the day to play cops and robbers?

Little Joe
11-29-2012, 15:53
This is how it works in California. Some people, who know the ropes on advance, can maintain anonymity.

"This is the information that I got from my phone call to the California Lottery office......

1. If you sign your name on the back of the ticket, that is the name that will be released to the public

2. If you want to claim your ticket anonymously, you must do the following:

* Call the CA state lottery office and tell them you would like to claim anonymously

* The legal division will review your request and they decide if they will accept your LLC, Trust, Blind Trust, Partnership (which means you would have to have formed the LLC, Trust etc. before you submitt the ticket; this is probably why it takes weeks before the anonymous claim on large jackpots are reported to the media).

* They said it is their policy (CA Lottery) to review all request to claim prizes anonymously on a case by case basis as some have tried to claim prizes anonymously to avoid child support, spousal support etc.

* Once it is decided that you will claim anonymously, your representative (usually the lawyer who helped your form the trust) will provide the information to Lottery official for a press release (name of Trust, LLC etc, where you bought the ticket and when you bought the ticket....it is one winner, or a group or partnership.....) Any and all inquiries are to be directed to the representative of the Trust, LLC etc.

* They said any other questions that I may have regarding this would have to be forwarded to the legal division for an anonymous claim request and that would only be done if I was ready to claim a prize."

Rabbi
11-29-2012, 15:56
So there ARE opportunities to purchase an existing McDonald's restaurant, just not to build a new one.

Most are purchased by current owners. Do you want me to prove that one to you as well? BTW, Mcdonalds has to approve those sales.

BTW, "Next to no" (the word I used) doenst me "none"

And it is true, there are very few opportunities for an outsider.

You really picked a bad subject to call me out on but if it makes you feel better, be my guest.

Rabbi
11-29-2012, 15:58
You come across more as a blowhard than all knowing btw, when do you have the time in the day to play cops and robbers?

Are you calling me out saying I am not a Cop? It is a yes or no question.

I will be happy to prove you wrong on that as well.

Would you like to know all the other things I do as well? It is a pretty good list.

...so are you calling me out?

JMS
11-29-2012, 16:00
You really picked a bad subject to call me out on but if it makes you feel better, be my guest.

I forgot, after figuring out what to do with your lottery winnings (which you're soooo knowledgable about) you went to McDonald's University. You have nothing to fear behind the curtain...

devildog2067
11-29-2012, 16:04
So there ARE opportunities to purchase an existing McDonald's restaurant, just not to build a new one.

I know essentially nothing about McDonald's and not a lot about owning a franchise.

Yet I still was able to look at Rabbi's statement, think about it for 3 seconds, and decide it passed the smell test.

Think your way through it:

McDonald's has been around for a long time. They have a large market share, but they're not a rapidly growing brand or anything. They're an established, mature company, on average they're going to grow as the population grows.

There are already McDonald's all over the US. It's not like McDonald's has an opportunity to expand into previously-untapped markets in Ohio.

Therefore, the main reason to build more McDonald's locations is when the population grows large enough to support more of them.

Therefore, it stands to reason that only a small number of new stores are being built every year, since the US population isn't growing very fast.

If you know a little bit and apply a little critical thinking, it's actually kind of amazing how much stuff you can have an informed opinion about. Plus, there are some guys who just like learning stuff. It's fun.

Rabbi
11-29-2012, 16:06
I forgot, after figuring out what to do with your lottery winnings (which you're soooo knowledgable about) you went to McDonald's University. You have nothing to fear behind the curtain...

You didnt know anything about the availability of Mcdonalds franchises in the U.S....I actually do. I said something. You fired from the hip at me because you dont like me....but I was right and you now know something you didnt.

So lets review.

I made a true statement that a lot of people dont know much about.

You called me out based on your feeling about me, instead of the information.

You were wrong.

I was right and you have learned something.

You are still attacking me...you didnt learn everything you could have.

Good luck next time.

Little Joe
11-29-2012, 16:11
Awesome, man! Awesome. :rofl:

Taphius
11-29-2012, 16:12
Most of your best brand franchises wont touch you just because you have the money. You also need to be the right guy.

Do you think Mcdonalds is waiting around like a Rolls Royce dealer, all they need is someone with the money? Not at all. They vette their owners very well. The line of people who want to play that game and have the money is going out the door and around the block.

There are also next to no Mcdonalds opportunities left in the United States.

It's all theoretically anyway, so I'd become the right guy atleast to buy or partner with a few of the franchises I know. People generally like me for some reason :P

Or find some McDonalds without a Wendy's across the street and open a few there.

certifiedfunds
11-29-2012, 16:16
Franchises very heavily prefer existing franchises and new stores be purchased by existing franchisees. Fewer people to deal with, scale makes them more successful owners, experience, management and infrastructure in place. Furthermore most franchises award multistore territories (rights and obligation to) develop stores in large areas.

Becoming a new store owner with a highly successful franchise is EXTREMELY difficult to do.

Rabbi
11-29-2012, 16:18
Franchises very heavily prefer existing franchises and new stores be purchased by existing franchisees. Fewer people to deal with, scale makes them more successful owners, experience, management and infrastructure in place. Furthermore most franchises award multistore territories (rights and obligation to) develop stores in large areas.

Becoming a new store owner with a highly successful franchise is EXTREMELY difficult to do.

How dare you know something.

DreamWeaver88
11-29-2012, 16:48
I don't care what these guys say.....It's still my lotto dream to open a 24 hour Breakfast items only McDonalds, dammit!

Rabbi
11-29-2012, 22:04
I don't care what these guys say.....It's still my lotto dream to open a 24 hour Breakfast items only McDonalds, dammit!

And that is a fine dream!

Glockdude1
11-30-2012, 05:26
I would open a 24 hour coffee/donut/desert shop, with a Weight Watchers right next door..........

(catch'em coming and going)

:supergrin:

robrides85
12-03-2012, 13:33
Start a foundation that educates doctors & women about copper IUDs, fund advertising, subsidize insertion and removal for those that can't absorb the cost in one lump sum/help those finance it, aggregate OBGYNs for "IUD Days" in the same vein as Blood Drives, etc.

And the regular stuff - car, motorcycle, house, land, travel.

cesaros
12-03-2012, 15:47
Donate the majority of it to childrens research hospitals...after watching "Lottery Changed my Life" on TLC, I couldn't ever let my family be torn apart by money...so atleast 75% of it would HAVE to be donated away (annonymously...I don't need my name on any buildings)

Pay off debt for family, and set aside money for them...not a whole lot, just enough to make their lives comfortable, while still having to work.

Build a large log cabin in either Alaska or Wyoming (the last free states...)

Go to school full time to study everything Ive ever wanted to study.

Then? I'd probably go around finding small businesses that need startup money, and help them out. Because businesses create jobs, not legislation. And if I'm not needing to work anymore, then I should be putting that effort into helping others get work.

RWBlue
12-03-2012, 16:05
Donate the majority of it to children's research hospitals...after watching "Lottery Changed my Life" on TLC, I couldn't ever let my family be torn apart by money...so at least 75% of it would HAVE to be donated away (anonymously...I don't need my name on any buildings)


You could give it to me. I wouldn't mind seeing some of my family torn apart.

I might toss down a knife& pile of money and say "two men enter, one man leaves with the money". Followed by a evil laugh. Moohahahaha :shocked:



BTW, You are better than most if you could actually give it away once you won. It is like that old movie with Bogie, Gold of the Sierra Madre.

jtull7
12-03-2012, 18:31
I would pay off my debts, but I'm not sure that amount can cover them.

certifiedfunds
12-03-2012, 19:48
Start a foundation that educates doctors & women about copper IUDs, fund advertising, subsidize insertion and removal for those that can't absorb the cost in one lump sum/help those finance it, aggregate OBGYNs for "IUD Days" in the same vein as Blood Drives, etc.



Strange

robrides85
12-04-2012, 12:03
Strange

how so?

Geko45
12-04-2012, 12:24
I would pay off my debts, but I'm not sure that amount can cover them.

Better to be in debt and still above ground than the alternative, right?

certifiedfunds
12-04-2012, 12:30
how so?

Your top priority with lottery winnings is centered around IUDs?

kensb2
12-04-2012, 12:35
Your top priority with lottery winnings is centered around IUDs?

Not that strange...I think that the money spent on IUDs would probably be less than paying for all the abortions and illegitimate, tax-supported children in this country. Our tax burdens could decrease SIGNIFICANTLY.

certifiedfunds
12-04-2012, 12:42
Not that strange...I think that the money spent on IUDs would probably be less than paying for all the abortions and illegitimate, tax-supported children in this country. Our tax burdens could decrease SIGNIFICANTLY.

Ok. I gotcha.

A whole helluva lot more money is spent on old people though. Anything for them?

robrides85
12-04-2012, 12:55
Not that strange...I think that the money spent on IUDs would probably be less than paying for all the abortions and illegitimate, tax-supported children in this country. Our tax burdens could decrease SIGNIFICANTLY.

Yup. Huge decrease in abortions (typical use of and IUD has much better effectiveness than the pill under normal use). No effect of a drunken tryst associating with forgetting to take a pill. No effect of "I can't afford the pill right now, so we'll just move to the withdrawal/rhythm method". No hormones (copper is a spermicide). Increases the standard of living for so many people that just don't want/can't afford kids yet.

http://news.wustl.edu/news/Pages/23899.aspx

http://www.usatoday.com/story/news/nation/2012/10/04/free-birth-control-teen-birth-abortion/1613691/

robrides85
12-04-2012, 13:16
Ok. I gotcha.

A whole helluva lot more money is spent on old people though. Anything for them?

Nope. 200 million could buy ~1 million Paragards if through some miracle they could be bought from the pharmaceutical company at half price, and this doesn't take into account finding OBGYNs to deliver insertion, removal, and checkups for free. Buy fewer Paragards, and more could be spent on marketing & education so that others would also donate their money and time (please snowball), increasing the effect on the populace. But the return on investment? Excellent. I have no idea where 200 million dollars could have even close to that amazing of an effect on the futures of ~1 million senior citizens.

certifiedfunds
12-04-2012, 13:22
You can probably order a big spool of copper wire and get some factory in Asia to make them even cheaper.

OR!

Bring said spool of wire to retirement home and let the old folks make them during craft hour. Win win!

robrides85
12-04-2012, 13:27
You can probably order a big spool of copper wire and get some factory in Asia to make them even cheaper.

OR!

Bring said spool of wire to retirement home and let the old folks make them during craft hour. Win win!

Made me smile - thx!

Schaffer
12-04-2012, 16:43
Pay off all my debts and my families. Buy them all nicer houses and new cars.
I'd put the rest in savings and investments and live off of that.




I'd then buy a few vehicles, a ton of land, and all the guns my little heart desires.


I'd probably still work cause I enjoy what I do.

MulletLoad
12-04-2012, 17:35
With almost $200 Million after all deductions?

I'd start with lowballing the owner of this for $4 mill and drive around the world. Single pilot, 1 week of training, 8 other passengers and off I go.

http://www.controller.com/listingsdetail/aircraft-for-sale/CESSNA-CITATION-CJ3/2005-CESSNA-CITATION-CJ3/1256719.htm