If I ever won that much I'd stash at least half in staggered investments so that if I was a total fuckup I would still at least have some money coming in.
Then again, most people who buy lottery tickets are probably not that financially savvy anyway.
Never seen any reports on lottery winners eh? Most are almost guaranteed to lose it all.
yup was watching this show the other day.. a lot of them end up losing it, $1million, $100 million.. doesnt matter..
Its easy to blow $100m if u try.. a few nice cars and houses and at least $50m is gone.. then upkeep, partying, throw in a private jet and boat, and the other $50m is gone too
if i did win $100mil, i'd honestly invest $90m of it..
Then put $10m in ING or some shit and have it automatically withdraw and send me $250k/yr(this way my $10m lasts till i die when(10M+interest will last at least 50yrs if $250k/yr is paid out)
So i'll let my investments sit, while i live off $20k or so a month..anything i cant afford for $20k a month i wont get..
The mistake people make is they up their lifestyle so much.. no need to buy a $1mil car now u have $100m, a $50k car will still do.. so will a $300-400k house.. no need to buy a $40mil house
yup was watching this show the other day.. a lot of them end up losing it, $1million, $100 million.. doesnt matter..
Its easy to blow $100m if u try.. a few nice cars and houses and at least $50m is gone.. then upkeep, partying, throw in a private jet and boat, and the other $50m is gone too
if i did win $100mil, i'd honestly invest $90m of it..
Then put $10m in ING or some shit and have it automatically withdraw and send me $250k/yr(this way my $10m lasts till i die when(10M+interest will last at least 50yrs if $250k/yr is paid out)
So i'll let my investments sit, while i live off $20k or so a month..anything i cant afford for $20k a month i wont get..
The mistake people make is they up their lifestyle so much.. no need to buy a $1mil car now u have $100m, a $50k car will still do.. so will a $300-400k house.. no need to buy a $40mil house
I'd spend £5 mill on a house, £500,000 on a car, another few mill on random stuff then live of interest. I probs wouldn't even bother investing as the interest I'd get from that amount of money spread across bank accounts would be so unreal that who cares about trying to make more money, I'd live the life.
I'd spend £5 mill on a house, £500,000 on a car, another few mill on random stuff then live of interest. I probs wouldn't even bother investing as the interest I'd get from that amount of money spread across bank accounts would be so unreal that who cares about trying to make more money, I'd live the life.
Job done.
Media are reporting the owner of the ticket is losing £6000-9000/day in interest.
I dunno, 20mil, ya that's easily blown off. $200mil, that's gonna take some serious fucking effort to burn through...
yeah, but people who go from no money to lots of money can be pretty stupid. you could blow through $200mil in a month if you tried
if I won, I would keep it a secret to everyone. Then I would pretend I was working some job that required me to travel to different places and work on product development and a year or so later, i would magically sell all of that for approx what I won
why? because when you win money, EVERYONE has their hand out. when you "earn" it, only a fraction of those people will still beg
Despite the fact that the EuroMillions jackpot of £113,019,926 was won on Friday 8 October by a single ticket bought in the UK, no player has yet come forward to make their claim. This might sound unusual, but in fact it isn’t nearly as uncommon for players to take their time in claiming prizes as most people think.
Apparently the news today is it is an old couple who have won but the husband has threw the ticket away. They are from the area the ticket was bought, so I guess the Lottery will go through CCTV of the store the purchase was made and try to verify it was them.
Is lottery in UK like Canada, you get the amount tax free in 1 lump sum?
How the hell do they make that work and why in the hell doesn't the US do it that way.
In the Florida Lotto you get taxed on 20 year payments of the total amount or get taxed on a REDUCED 1 lump sum. I think you even get taxed twice on the lump sum.
Also where does the remainder of the lump sum go? Doesn't seem to go back into the jackpot and it doesn't seem to go to the school system which is how they sold the idea of having a lotto in the first place, to generate money for the schools.
It's screwed up and exactly the reason I refuse to let them give me an opportunity to win an insane amount of money
Comment