$149 Million Dollar Lottery winner.... - GoFuckYourself.com

WWC · 11-21-2004, 11:45 PM

I bet you he will be broke next year!!!

NEW YORK A New York City man says he has no idea what he'll do with the 149 (m) million-dollar Mega (M) Millions jackpot he won Friday.

Juan Rodriguez says he hasn't quit his job at a midtown Manhattan parking garage -- yet.

A nephew says Rodriguez will assemble a team to manage his money.

The 49-year-old Rodriguez is a Colombian immigrant who came to the United States in 1982. He bought the winning ticket Friday at a newsstand.

Lottery officials say Rodriguez chose to take his winnings in a single payment of about 88-point-five (m) million dollars before taxes.

Drake · 11-21-2004, 11:49 PM

Hiring others to 'manage' your money. Hmm

detoxed · 11-21-2004, 11:50 PM

Damn if I won $88 million.. Me and my kids and their kids and their kids and their kids would be set for life.

I'd setup trust funds for each generation. $1 million each in mutual funds, and other investments with good returns not too much risk. By the time the grandkids get to split their $1 mil, it will have grown tremendously, etc. And the great grandkids, on and on. Plus I'd live off the interest of about $20 mil or so.

detoxed · 11-21-2004, 11:50 PM

Quote:

Originally posted by Mike33
Hiring others to 'manage' your money. Hmm

I'd guess 25% of the US does this

Drake · 11-21-2004, 11:59 PM

Quote:

Originally posted by detoxed
I'd guess 25% of the US does this

True. Not I. I guess it depends on how much management is involved. Bank account rep, accountant.

Without any over-management from the outside, it should be relatively easy to set your family up nicely and as you said for future generations. Assuming he has a level head.

Red Ezra · 11-22-2004, 01:48 PM

if I had 88 mil I would be the next Larry Flynt mega porn producer - hehe

xNetworx · 11-22-2004, 01:48 PM

Quote:

Originally posted by detoxed
Damn if I won $88 million.. Me and my kids and their kids and their kids and their kids would be set for life.

I'd setup trust funds for each generation. $1 million each in mutual funds, and other investments with good returns not too much risk. By the time the grandkids get to split their $1 mil, it will have grown tremendously, etc. And the great grandkids, on and on. Plus I'd live off the interest of about $20 mil or so.

Trust Fund kids are lame... make them work for it!

boneprone · 11-22-2004, 01:52 PM

Sanchez and Hector will be "managing" is money.

tranza · 11-22-2004, 01:59 PM

Quote:

Originally posted by detoxed
I'd guess 25% of the US does this

True.

EviLGuY · 11-22-2004, 02:00 PM

Quote:

Originally posted by AdultLoungeRaffi
I bet you he will be broke next year!!!

NEW YORK A New York City man says he has no idea what he'll do with the 149 (m) million-dollar Mega (M) Millions jackpot he won Friday.

Juan Rodriguez says he hasn't quit his job at a midtown Manhattan parking garage -- yet.

A nephew says Rodriguez will assemble a team to manage his money.

The 49-year-old Rodriguez is a Colombian immigrant who came to the United States in 1982. He bought the winning ticket Friday at a newsstand.

Lottery officials say Rodriguez chose to take his winnings in a single payment of about 88-point-five (m) million dollars before taxes.

He'll die broke with some sob story.

VeriSexy · 11-22-2004, 02:02 PM

Damn, he could just live off the interest

Project-Shadow · 11-22-2004, 02:08 PM

So why exactly do they call it a $149mil win.. if he only got 88mil? Someone point in in the right direction here.. if he wins 149 shouldnt he get 149?

Sosa · 11-22-2004, 02:27 PM

Quote:

Originally posted by Project-Shadow
So why exactly do they call it a $149mil win.. if he only got 88mil? Someone point in in the right direction here.. if he wins 149 shouldnt he get 149?

he chose to take it all at once instead of in monthly payments for so many years. That is what he got after that taxes of the one time sum.

ATL_Ryan · 11-22-2004, 02:36 PM

88.5 Mill was before Taxes.

Lottery officials say Rodriguez chose to take his winnings in a single payment of about 88-point-five (m) million dollars before taxes.

So after Taxes he'll have less than 50 Mill.

Vitasoy · 11-22-2004, 02:44 PM

How long would it take if he choose to get paid by small increasements?

TheEnforcer · 11-22-2004, 02:59 PM

Quote:

Originally posted by Vitasoy
How long would it take if he choose to get paid by small increasements?

It's usually spread out over 20 or 25 years depending on the lottery.

But, unless you know you are an idiot that will blow all the money you should always take the lump sum if you win the lottry big.

Fabien · 11-22-2004, 03:12 PM

Quote:

Originally posted by pimpporn
Trust Fund kids are lame... make them work for it!

I see that you don't have kids huh ?

Well, it's alright, i love ya still

Fabien · 11-22-2004, 03:16 PM

Quote:

Originally posted by TheEnforcer
It's usually spread out over 20 or 25 years depending on the lottery.

But, unless you know you are an idiot that will blow all the money you should always take the lump sum if you win the lottry big.

Exactly, why ?

1) If the jackasses stop paying ya for whatever reasons (even reasons you'd never thought about !)
2) You only live once ! Who knows WTF could happen to ya ......
3) Take it as PAY PER SIGNUP thing

YOU TAKE THE MONEY AND RUN !!!!

AdultNex · 11-22-2004, 03:16 PM

Generally speaking, many millionaires have people manage their financial cashflow.

You'd be stupid not to.

Nysus · 11-22-2004, 03:19 PM

Shitty that another half will go to taxes still, but 44 million is still nice...

Matt

WWC · 11-23-2004, 01:27 AM

Quote:

Originally posted by Project-Shadow
So why exactly do they call it a $149mil win.. if he only got 88mil? Someone point in in the right direction here.. if he wins 149 shouldnt he get 149?

He decided a one lump sum payment so he gets half which is $74.5 mil and then taxes ....so he gets half of $74.5 in one payment....

pornguy · 11-23-2004, 01:33 AM

I think there was a stat showed one time that like 97% of the people that win a big jackpot like that are broke in a few years.

Chris · 11-23-2004, 01:37 AM

Quote:

Originally posted by pornguy
I think there was a stat showed one time that like 97% of the people that win a big jackpot like that are broke in a few years.

and none of those people had someone to manage the money

unlike this guy

Drake · 11-23-2004, 01:41 AM

It's amazing. Just throw that into a bank account and you could live comfortably off the interest alone.

MetaMan · 11-23-2004, 01:41 AM

how fast before he spends his first 10 mill on raw?

11-21-2004, 11:45 PM	#1
WWC #1 Adult Content Provider Join Date: Jul 2003 Location: Glendale, Ca Posts: 11,577	$149 Million Dollar Lottery winner.... I bet you he will be broke next year!!! NEW YORK A New York City man says he has no idea what he'll do with the 149 (m) million-dollar Mega (M) Millions jackpot he won Friday. Juan Rodriguez says he hasn't quit his job at a midtown Manhattan parking garage -- yet. A nephew says Rodriguez will assemble a team to manage his money. The 49-year-old Rodriguez is a Colombian immigrant who came to the United States in 1982. He bought the winning ticket Friday at a newsstand. Lottery officials say Rodriguez chose to take his winnings in a single payment of about 88-point-five (m) million dollars before taxes. __________________ [email protected] ICQ : 494-353-230 Follow WWC on Twitter CLICK HERE! " CONTENT PROVIDER OF THE YEAR! " ~ 2007 , 2008 & 2009 XBIZ AWARDS WINNER! .......www.WorldWideContent.com / www.WorldWideFeeds.com...... WWC Nominated " Content Licensor of The Year " 2010 XBiz Awards !!!

11-22-2004, 01:52 PM	#8
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	Sanchez and Hector will be "managing" is money. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.

11-22-2004, 02:02 PM	#11
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	Damn, he could just live off the interest __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

11-22-2004, 02:44 PM	#15
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	How long would it take if he choose to get paid by small increasements? __________________ [email protected]

11-22-2004, 03:19 PM	#20
Nysus Confirmed User Industry Role: Join Date: Aug 2001 Posts: 7,817	Shitty that another half will go to taxes still, but 44 million is still nice... Matt __________________ What name is pr0 / Untouched Markets using these days? Untouched Markets - pr0 - Refund My Money Now Someone owes me $2,000 because they didn't do any work that was paid for pointing at pr0 / William / UntouchedMarkets See https://gfy.com/fucking-around-and-business-discussion/948258-untouchedmarkets-pr0-refund-money-post16744521.html and for more detailed see https://gfy.com/fucking-around-and-business-discussion/948645-re-recent-bullshit-drama-explained-detail-pr0-untouched-markets.html

11-21-2004, 11:49 PM	#2
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Hiring others to 'manage' your money. Hmm

11-21-2004, 11:50 PM	#3
detoxed vip member Join Date: Jan 2003 Posts: 17,798	Damn if I won $88 million.. Me and my kids and their kids and their kids and their kids would be set for life. I'd setup trust funds for each generation. $1 million each in mutual funds, and other investments with good returns not too much risk. By the time the grandkids get to split their $1 mil, it will have grown tremendously, etc. And the great grandkids, on and on. Plus I'd live off the interest of about $20 mil or so.

11-22-2004, 01:48 PM	#6
Red Ezra redezra.com Industry Role: Join Date: May 2004 Location: Vegas Baby! Posts: 4,680	if I had 88 mil I would be the next Larry Flynt mega porn producer - hehe

11-22-2004, 02:08 PM	#12
Project-Shadow Confirmed User Industry Role: Join Date: Feb 2003 Posts: 7,340	So why exactly do they call it a $149mil win.. if he only got 88mil? Someone point in in the right direction here.. if he wins 149 shouldnt he get 149?

11-22-2004, 02:36 PM	#14
ATL_Ryan Confirmed User Join Date: Sep 2002 Posts: 1,519	88.5 Mill was before Taxes. Lottery officials say Rodriguez chose to take his winnings in a single payment of about 88-point-five (m) million dollars before taxes. So after Taxes he'll have less than 50 Mill.

11-22-2004, 03:16 PM	#19
AdultNex Confirmed User Join Date: Feb 2003 Location: Bostonnnn Posts: 8,985	Generally speaking, many millionaires have people manage their financial cashflow. You'd be stupid not to.

11-23-2004, 01:33 AM	#22
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	I think there was a stat showed one time that like 97% of the people that win a big jackpot like that are broke in a few years. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

11-23-2004, 01:41 AM	#24
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	It's amazing. Just throw that into a bank account and you could live comfortably off the interest alone.

11-23-2004, 01:41 AM	#25
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	how fast before he spends his first 10 mill on raw?