If you won the lottery today...

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Scouzer

Lifer
Jun 3, 2001
10,358
5
0
Considering the lottery payout is a taxable 2 million...I'd just invest it...not enough to do much else...
 

jlee

Lifer
Sep 12, 2001
48,518
223
106
I'd be shocked, because it doesn't draw until tomorrow night.. ;)

Probably buy a faster car (Mustang Cobra or MR2 Turbo..nothing *too* insane)..pay off my parents' house, etc.
 

brianmanahan

Lifer
Sep 2, 2006
24,639
6,016
136
i would

1. retire
2. start enjoying life

edit: i gotta admit, a spam comment about someone preparing a spell that will make me win the lottery is probably the funniest spam i've seen since 2003
 
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lxskllr

No Lifer
Nov 30, 2004
60,406
10,797
126
Your algorithm got screwed up. You're looking for a forum with lots of stupid people. Maybe try trolling Gab(is that still a thing?).

As for me, if I won a million dollars, I'd resurrect old threads.
 

BoomerD

No Lifer
Feb 26, 2006
66,427
14,831
146
I'd retire Monday, and take the annuity rather than the lump sum.

I know I won't live long enough to get the added benefit of the annuity...so I'd take the reduced amount of the lump sum...and live my last few years in comfort.
 

Qacer

Platinum Member
Apr 5, 2001
2,721
1
91
It depends on the prize money. I've won $5 before out of a $2 investment. I came out ahead, so that's still winning. But it's not enough for me to retire. Now, if I won $500 mil, then that'd be a different story. I'd disappear for a few years traveling the world, and leave all the initial solicitors disappointed.
 
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skyking

Lifer
Nov 21, 2001
22,809
5,974
146
> 5 mil. Hire an accountant
Nah.
I'd still take the annuity, let them direct deposit that $100,000 plus check every year and go play.
I'm pretty sure I don't need an account to tell me how to have fun :)
 

Red Squirrel

No Lifer
May 24, 2003
70,778
13,869
126
www.anyf.ca
It really depends on the amount I guess, but let's say 1M just to make it a bit more "challenging" and not just "unlimited money!" I would probably get a financial advisor to help invest a portion of it, then take maybe 100k cash to pay off the mortgage and credit line, then put the rest (around 40k) into expediting building a cabin. I'd check with my work if they'll allow me to take a sabbatical that way I can dedicate time to actually doing that. Once I have the cabin setup the way I want I'd then return to work and more or less keep living the same way while the rest of the money is in an investment account, but now I pretty much never have to even worry about losing my job, or if I just want to I can quit any time. So that would be nice. I would ponder from there what my next step will be. Depending on how much money the investment is bringing in I would maybe consider quitting, selling the house, putting the house money into that investment too, and then just living off the interest and moving into the cabin. My costs of living would be a few hundred per month out there so as long as the investment can bring in that much I'd be more or less set.

I'd still want to have hobbies and other ways of making money on my off grid property but at least I'd have all my time to myself to do those things and there would be no rush. The idea of no longer being dependent on that steady stream of income to pay all the bills would be really nice.
 

HomerJS

Lifer
Feb 6, 2002
39,532
33,074
136
Nah.
I'd still take the annuity, let them direct deposit that $100,000 plus check every year and go play.
I'm pretty sure I don't need an account to tell me how to have fun :)
I figure if the amount was say 100m probably need some good advice.
 

skyking

Lifer
Nov 21, 2001
22,809
5,974
146
I figure if the amount was say 100m probably need some good advice.
I am probably a little older than you and have perfected the "I won the lottery" dream dialog. No direct heirs, only nieces and nephews. I am the youngest child.
It is mine, all mine Bwuhahhaaaaahaaaaa!!
Their job? Be really nice to the newly rich uncle and you *,might* get into the will. :D
I still have my health so I'd get one of these.
Pilatus PC-12
There are faster planes, but nothing as practical for a single pilot to have fun with. It will land at thousands of smaller airports around the world that a business jet or twin turboprop cannot. It has a power 48" x 50" door and can haul a motorcycle or whatever in the combi interior layout. Easy for a single pilot IFR operation.
I'd probably find a nice several thousand acre property where I would like to hang out, and build a runway for it that doubles as the straightaway for the road course.
When I am done the money goes mostly to NPR and Planned Parenthood and the property would get cleaned up for donation to the Nature Conservancy.
I have zero interest in entrepreneurship or making shit tons of money with money or leveraging this or that or fucking around with bitcoin or the latest thing. It sounds so much like work and I'd be done with work. Fuck that shit, let's debouch!!
 

SKORPI0

Lifer
Jan 18, 2000
18,500
2,426
136
I still have my health so I'd get one of these.
Pilatus PC-12
Direct Hourly Costs

Pilatus’ PC-12NG burns about 70.20 gallons of fuel per hour. At $5.00 a gallon, fuel is going to cost you $351.00 per hour. You can expect maintenance on a PC-12NG to cost around $309.55 per hour. $146.46 of that is for the airframe, and $163.09 is for the engine and APU. With that being said, you’ll spend $660.55 on direct costs every hour. At 665 hours, or 200,000 miles, that’s a total of $439,265.75 per year in direct costs.

Fixed Annual Costs

Crew expenses for the PC-12NG are, on average, $126,750.00 annually. To hangar a PC-12NG, you should expect to pay around $33,442.50 for the year. Insurance, including hull and legal liability, will cost you $21,766.88 for the year. Pilot training will cost you $21,840.00 for the year. All of those fixed costs combined give you a total of $203,799.38 annually. These numbers are based on flying with two pilots. If you choose to operate with a single pilot, you can obviously expect crew expenses and pilot training costs to drop, while insurance costs will likely increase.

At 428 hours, we’re looking at the following costs:

Total annual direct costs: $439,265.00
Total annual fixed costs: $203,799.38
Total annual cost: $643,064.38

 

skyking

Lifer
Nov 21, 2001
22,809
5,974
146
??
I know the King Air is going to cost more both up-front and to operate.
He mentioned a 100 million lottery win, that will do nicely.
Note the line item for crew in there. It is significant.
That's me. I don't need to pay myself to have fun :D