What will you do with your $550 million lottery winnings?

[CHCRandy]

I would invest it all and then give all the earnings away. I would try to start a program where I give families $1,000,000 tax free, but they have to invest the million and give the next 7 years earnings to another family before they get control of the original $1M. The new family would have to do the same.....before long you could really change a bunch of peoples lives and never miss it.

 

[Trigger Time]

I would hire CM as senior car buyer!

Hey CM find me this month.

1. 1970-71 LS6 Chevelle SS convertible triple black your choice on the transmission make sure the A/C works.

2. 1968-70 Shelby GT 500 KR you pick the color.

Check back with me with some pictures after you have drove and touched them in person.

Your salary is $250,000 a year all expenses paid, company car of you choice

You are required to visit the shop twice a month to coordinate with the shop manger and give me a status report on all the cars. You will need to insure that you drive the cars and make sure they work before I do. You also need to advise the shop manger is storing and repairing the cars to your standard.

You only report to me or my wife (only concerning my wife’s cars)

Note: All travel reports are due to the office manger no later than 7DAYS after completion of travel.

If you decide to go with a 72 chevelle SS blue with white racing stripes. I know someone who has one for sale

 

[churchmouse]

I'm going to buy INGO and BAN MrBills!

I just spoke with him today.....

 

[Dead Duck]

I just spoke with him today.....

It's about time.







....oh wait.... you mean you banned him, right?

 

[JeepHammer]

What would I do with $550 Million in lottery winnings?

That's easy, start an LLC foundation so it didn't have to answer to the government 'Non-Profit Gods', and it would supply support to social security seniors that worked their entire lives just to be told they didn't qualify for dentures, hearing aids or eyeglasses and had to make choices between medication or food while Congress continues to steal from social security...

That money would put a LOT of tooth, eye, hearing & pharmacy techs through school, they simply pay back the loans by working for a reasonable wage while serving the older folks, AND they gain real life work experience while doing so.
Fair wages while clearing debt, with the added benefit of experience, it's a win/win.

Buying in bulk from big pharma seriously reduces costs, and since it's an LLC you could even give drugs away (with prescription).

Since it's an LLC and not a non-profit (with non-profit oversight/rules/laws), the tax rate would be limited to 20%, and a corporation can loose money and take it off their taxes.

Bill & Melinda Gates, Warren Buffett, Mark Zuckerburg have all done this already, so it's not illegal or breaking new ground, just no one has done this for the social security folks in Indiana since everyone here grabs the money and moves away or blows it as quickly as possible.
(A fool & his money soon party)

I'm fairly secure in my 'Retirement', I might buy a new Jeep, but I don't really *Need* anything I can't currently afford on my own, so $550 Million would be more of a headache than anything...
From what I understand, it's non-stop beggars & con men once you win the lottery.

 

[Rusty Shackleford]

Early retirement.
Southern beachfront winter house.
Italian sports car.
Possibly invest in a vineyard.

 

[DoggyDaddy]

Just checked my numbers. I'm still working today.

 

[Trigger Time]

Just checked my numbers. I'm still working today.

I just checked mi.... oh thats right, i dont play the lottery

 

[DoggyDaddy]

I just checked mi.... oh thats right, i dont play the lottery

I usually don't either unless they get crazy high like this one was. Because who wants to mess around with a 15 million dollar payout? Pfft...

 

[mammynun]

Nobody won, the new estimated jackpot is $625 million ($380.6m lump sum), of which $20 is from me.

After the attorney(s) and bankers, I'd be calling on these guys...

https://hallhall.com/ranches-for-sale/?for_auction=no&for_sale=yes&sort_type=price-high-to-low

https://www.livewaterproperties.com/property-search/

 

[Expat]

I didn’t buy one yet, waiting for it to get big enough.

 

[gregkl]

I'm taking my tickets back. They are defective.

 

[Vigilant]

I didn’t buy one yet, waiting for it to get big enough.

I only play when it’s above 3/4 of a billion, anything less is a waste of time.

 

[JettaKnight]

Remember, your chance of winning increases dramatically with the first ticket; not so much for any other tickets you buy.

 

[Vigilant]

Remember, your chance of winning increases dramatically with the first ticket; not so much for any other tickets you buy.

When it got over a billion last time, the odds of winning were nearly equal whether you purchased a ticket or not. Obviously, without a ticket, you could never win, but the odds were close.

 

[eldirector]

Do the odds really change with the size of the jackpot?

I thought Power Ball was a straight 1 in 292.2 million?

 

[JettaKnight]

When it got over a billion last time, the odds of winning were nearly equal whether you purchased a ticket or not. Obviously, without a ticket, you could never win, but the odds were close.

Still infinitely better with a ticket than without.

The odds only marginally improved with the second ticket.

Do the odds really change with the size of the jackpot?

I thought Power Ball was a straight 1 in 292.2 million?

I believe that's the case.


The only thing that changes is your expected earnings which is a function of the odds and payout.

 

[Trigger Time]

I usually don't either unless they get crazy high like this one was. Because who wants to mess around with a 15 million dollar payout? Pfft...

Ive bought them before for giggles. My problem is i always forget. Hell its worth a shot right? For a couple bucks

 

[Tactically Fat]

Ive bought them before for giggles. My problem is i always forget. Hell its worth a shot right? For a couple bucks

The price of admission for the day dream, yes.

 

[femurphy77]

I'm taking my tickets back. They are defective.

Won't work, btdt!