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Old 01-21-2021, 09:48 AM   #1
Boog
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Talking $731,100,000

The Powerball single winning ticket was sold in Maryland.
OK, so who isn't here this morning? Tim and Richard. What's up guys?
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Old 01-21-2021, 09:56 AM   #2
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Re: $731,100,000

Saw that. Don't watch the news much but heard the other one is like a billion dollars. I buy tickets maybe 1 to 2x per year. Guess I'll have to pick a couple up and give 'er a try.
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Old 01-21-2021, 10:26 AM   #3
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Re: $731,100,000

Wouldn't that be nice!
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Old 01-21-2021, 10:31 AM   #4
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Re: $731,100,000

Sorry to say I kept my winning streak 100% in tact by not having either correct number on all 3 tickets.
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Old 01-21-2021, 10:42 AM   #5
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Re: $731,100,000

I have an easier way to strike it rich. There's this Nigerian general who will give me $2 million if I just let him use my account to transfer money out of the country...
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Old 01-21-2021, 10:44 AM   #6
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Re: $731,100,000

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I have an easier way to strike it rich. There's this Nigerian general who will give me $2 million if I just let him use my account to transfer money out of the country...
He must be pretty well off, he sent me one too
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Old 01-21-2021, 10:47 AM   #7
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Re: $731,100,000

I know the old saying that "Somebody has to win" and that's true, but....my saying has always been and will always be "Gambling is for people who are bad at math"
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Old 01-21-2021, 11:52 AM   #8
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Re: $731,100,000

Why are the 'big winners' always seem to be on the east coast around the DC area
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Old 01-21-2021, 12:10 PM   #9
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Re: $731,100,000

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Why are the 'big winners' always seem to be on the east coast around the DC area
Because that's where the sun comes up earlier!!!
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Old 01-21-2021, 12:12 PM   #10
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Re: $731,100,000

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Why are the 'big winners' always seem to be on the east coast around the DC area
Easier for the feds to find them and take their share!
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Old 01-21-2021, 12:19 PM   #11
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Re: $731,100,000

I didn't coin this phrase...just heard it
The lottery....."weekly tax on stupidity"
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Old 01-21-2021, 03:42 PM   #12
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Re: $731,100,000

I have to ask. What would you do if you woke up to that kind of money?
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Old 01-21-2021, 03:53 PM   #13
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Re: $731,100,000

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I have to ask. What would you do if you woke up to that kind of money?
Have all of my blood family and a few friends claim it together.

Me take half, split the rest between them.
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Old 01-21-2021, 07:09 PM   #14
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Re: $731,100,000

Disappear. A friend has an entire write up on what you should REALLY do if that happens. I don't know, at that level it's a mirror misery from being poor, except when you're poor, the leeches are easier to spot and shed. Who do you trust? Who's ripping you off? How do you know? You'll need a lawyer, a financial advisor, and an accountant at a minimum. How do know what they're up to? A true pro at that level is gonna spot your Rube azz at 100 yards.
Let's face it, no one here has the slightest experience a that level. I literally know a guy who does, but even then. It's an interesting problem. The best and worst thing to happen. Best part of the advice I heard was, invest a % in income bearing bonds and mutual fund the lion's share of the principal. That way you never touch the principal, and the 200-300k/yr income for the next 20 years is more money in hand than most of the folks on this forum can imagine. (I know, some of y'all are rollin' pretty hard. Most of us ain't.) Just thoughts. Hmm. I'd like to find out!
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Old 01-21-2021, 08:22 PM   #15
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Re: $731,100,000

Well, the government will take most of it in taxes so you won't have to worry about having too much to spend.

What a racket: government sells all those tickets and then when somebody wins they take back most of the money anyway
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Old 01-21-2021, 08:35 PM   #16
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Re: $731,100,000

And it looks like the Mega Millions lotto is about to top 1 billion.

A lot of good things can be done with a huge win. Yeah taxes take a big bite out of it but there is plenty to cover all that.
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Old 01-21-2021, 09:00 PM   #17
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Re: $731,100,000

Quote:
Originally Posted by Low Elco View Post
Disappear. A friend has an entire write up on what you should REALLY do if that happens. I don't know, at that level it's a mirror misery from being poor, except when you're poor, the leeches are easier to spot and shed. Who do you trust? Who's ripping you off? How do you know? You'll need a lawyer, a financial advisor, and an accountant at a minimum. How do know what they're up to? A true pro at that level is gonna spot your Rube azz at 100 yards.
Let's face it, no one here has the slightest experience a that level. I literally know a guy who does, but even then. It's an interesting problem. The best and worst thing to happen. Best part of the advice I heard was, invest a % in income bearing bonds and mutual fund the lion's share of the principal. That way you never touch the principal, and the 200-300k/yr income for the next 20 years is more money in hand than most of the folks on this forum can imagine. (I know, some of y'all are rollin' pretty hard. Most of us ain't.) Just thoughts. Hmm. I'd like to find out!
Someone in SC won the last huge one a couple years ago in late 2018. Didn't claim it for a looooong time. People kept wondering who won.... word is, they got their stuff together, got a team in place before ever accepting the $. And in SC you can remain anonymous... and that they did...

Quote:
More than four months after making his or her fateful lottery ticket purchase, the winner of the $1.5 billion Mega Millions jackpot has stepped forward — but will remain anonymous, the South Carolina Education Lottery Commission announced.

The winner of the largest jackpot in U.S. history has opted for up-front cash — a one-time payment of $877,784,124, the commission announced shortly before 5 p.m. Monday.

According to a statement from the commission, the winner confided in how unlikely the win was — that he (or she) had let a fellow customer buy a Quick Pick Mega Millions lottery ticket ahead of him (or her) in line the day he made his own lottery ticket purchase at the KC Mart in Simpsonville.

“We are delighted that the winner is a South Carolinian and has come forward to claim this remarkable prize," said Hogan Brown, the lottery commission’s executive director. "We respect the winner’s decision to remain anonymous, and we will honor the winner’s wishes.”
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Old 01-21-2021, 09:05 PM   #18
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Re: $731,100,000

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And it looks like the Mega Millions lotto is about to top 1 billion.

A lot of good things can be done with a huge win. Yeah taxes take a big bite out of it but there is plenty to cover all that.
I'll take the leftovers any day.

You get what you get. Kind of like being in a bar at 2 a.m.
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Old 01-21-2021, 09:49 PM   #19
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Re: $731,100,000

You guys ever watch the series they did about the McDonalds drink cup raffle scam? It was a pretty good watch. HBO IIRC.
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Old 01-24-2021, 07:20 AM   #20
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Re: $731,100,000

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I have to ask. What would you do if you woke up to that kind of money?
Nothing different. I'd just carry on and hope the reality could sink in. I probably wouldn't spend any until I came up with a plan for how to use it...unless the electric or other utility was about to be cut off. Actually, with that much money I would first pay up all my debts immediately, then work on a plan for the rest. One thing I wouldn't do is tell a soul. Let's just say life would be different, mostly just a lot easier!
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Old 01-24-2021, 09:25 AM   #21
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Re: $731,100,000

How long can it be kept a secret in a little town of 1200 folks? Assuming of course the ticket was sold to someone who actually lives in that community. I heard Maryland allows winners to remain anonymous too. Some states don't.
With that kind of winning putting together a team of financial advisors makes good sense. What they could save you could more than offset their fees I imagine.
Everyone probably has a few worthy causes they'd like to give to.
Spread your money out. Diversify.
Buy a small town or two and improve on them a little. Build your own resort.
And add a couple trucks. A man can always use a truck or two and a nice big building to house them.
Buy a piece of land and have your own air strip. Maybe have FedEx deliver your parts by air to your door. Yeah, now that's a plan!
What would you do?
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Old 01-24-2021, 09:51 AM   #22
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Re: $731,100,000

I guess my reply was boring. I could go on about what I'd do once I had my 'spending money' sorted out. I would definitely use some to be helpful to others in some way. You think another truck is a good idea? Well ok, I'll do that... for about a year!!
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Old 01-24-2021, 09:57 AM   #23
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Re: $731,100,000

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Originally Posted by FleetsidePaul View Post
I have to ask. What would you do if you woke up to that kind of money?
1) call my lawyer
2) shut off all my phones.
3)Rent an apartment, Having wife's mother do it in her maiden name.
4) move out of my house, Donating anything that is not personally important to me or my wife,kids,etc.
5) rent out my home, With lease contract stating all rent will go into an investment account in their name on the 1st week of every year, as long as they when asked, have no idea where I am.
6)Claim ticket
7) pay the taxes on it.
8)invest 1/2 of what is left after uncle sam gets done with me.
9)Split the other half into 3rds, 1st 3rd for my, 2nd 3rd for close family, and the last 3rd To charity.
10) build a new home, And live a normal life, Under a different name. All donations use the old house address, And a phone line # that people only get the voice mail message. keeping the jackels far far away.
11) Enjoy life, and instead of going to work every day, volunteer Most days, instead of a job/work.
12) Let no one in my new area know I hit the lotto. live like a reg. joe, with a reg job.
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Old 01-24-2021, 11:14 PM   #24
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Re: $731,100,000

I’d like to think my life wouldn’t change a whole lot. With two exceptions.

There would be a LOT more of this...

Name:  506201A7-F9CD-404B-B09F-E9C3F2405580.jpg
Views: 209
Size:  31.0 KB

And this...

Name:  B6393D0B-6789-48F1-AC3C-D6740BF4B93B.jpeg
Views: 201
Size:  54.4 KB
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Old 01-25-2021, 01:32 AM   #25
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Re: $731,100,000

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I’d like to think my life wouldn’t change a whole lot. With two exceptions.

There would be a LOT more of this...

Attachment 2076813

And this...

Attachment 2076814
More like this.

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