Powerball $800 million!
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Actually, the biggest change comes with the second ticket. Your odds go from 1:292x10^6 to 1:146x10^6 and the third makes it just under 1 in hundred million.
Buying 500 put your odds around getting struck by lightning.
And buying a hundred million tickets finally puts your odds in the same range as getting cancer...
If that was me, I would see it as a blessing in disguise. $1M is good enough to live comfortable life and get the little extra pleasure you dreamed of and you can keep it relatively secret and move on with your life without having to worry of extra security, new friends out of nowhere etc. Everyone know winning a lottery is a curse and even if you think you can manage the money well, once its there with the external factors, I wouldn't be so sure.
imagine all the people coming after you.. financially and physically. 1M would be good, still would work but you got that money to work with.
I'm with qwerty on this. Hurley, not so much...
-IR2
That's utter blasphemy. Loved that show. Was fun to see a few LOSTies in the latest JJ movie. Like seeing old friends again
If I won I'd take the 30yr payout and obviously I'd hire an attorney and I think I'd give all immediate family a monthly stipend and tell them that they are losing that if they ask for more.
I would also take the 30 yr payout only because I don't trust myself (or anybody else) to resist temptation and be able to do the right thing when faced with that amount of money. Who cares if I lose a few million dollars in opportunity cost if I have a billion already. A lot of smart investor are good with a million here and there to invest but totally blew with given billions to manage.
As they say, Bulls makes money, bears makes money, pigs get slaughtered. As per Mark Cuban in the article, "You don?t become a smart investor when you win the lottery. Don?t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won?t lose money."
This made the rounds yesterday over all the various feeds:
http://mobile.nytimes.com/2016/01/1...our-advice-and-take-the-annuity.html?referer=
nosuchreality
Well-known member
morekaos said:
Actually, the biggest change comes with the second ticket. Your odds go from 1:292x10^6 to 1:146x10^6 and the third makes it just under 1 in hundred million.
Buying 500 put your odds around getting struck by lightning.
And buying a hundred million tickets finally puts your odds in the same range as getting cancer...
nosuchreality
Well-known member
I noticed in California, six people hit the five of five white balls, then got the let down of only winning $779,264.
One last Wednesday's draw, only one person hit for $1.4 million
Nice either way but somehow I have to imagine hitting five for five on that massive buildup and then not even getting a million has to be a massive let down.
One last Wednesday's draw, only one person hit for $1.4 million
Nice either way but somehow I have to imagine hitting five for five on that massive buildup and then not even getting a million has to be a massive let down.
nosuchreality said:
If that was me, I would see it as a blessing in disguise. $1M is good enough to live comfortable life and get the little extra pleasure you dreamed of and you can keep it relatively secret and move on with your life without having to worry of extra security, new friends out of nowhere etc. Everyone know winning a lottery is a curse and even if you think you can manage the money well, once its there with the external factors, I wouldn't be so sure.
J
jmoney74
Guest
GH said:
imagine all the people coming after you.. financially and physically. 1M would be good, still would work but you got that money to work with.
sgip
Well-known member
I know that if you win $999k off of a scratcher, or draw game, you can get the cash in a lump sum. If you win $1m you have to take the pay out over 30 years (at least with the scratchers you do. Not sure regarding the draw games). In 2015, Illinois couldn't pay their annuity payout lottery winners, so as a preventative to never seeing all of that cash due to the State farking things up, take the lump sum whenever possible.
My .02c
My .02c
irvinerealtor
Well-known member
qwerty said:
I'm with qwerty on this. Hurley, not so much...
-IR2
irvinehomeowner
Well-known member
I think it turned out okay for Hurley, he is an immortal on some island and gets to see/talk to the living and the dead.
#LostFinaleSucked
#LostFinaleSucked
irvinerealtor
Well-known member
irvinehomeowner said:
That's utter blasphemy. Loved that show. Was fun to see a few LOSTies in the latest JJ movie. Like seeing old friends again
http://thescoopblog.dallasnews.com/...e-1-4-billion-or-more-powerball-jackpot.html/
these two statement is very true:
- If you weren?t happy yesterday you won?t be happy tomorrow. It?s money. It?s not happiness.
- If you were happy yesterday, you are going to be a lot happier tomorrow. It?s money. Life gets easier when you don?t have to worry about the bills.
these two statement is very true:
- If you weren?t happy yesterday you won?t be happy tomorrow. It?s money. It?s not happiness.
- If you were happy yesterday, you are going to be a lot happier tomorrow. It?s money. Life gets easier when you don?t have to worry about the bills.
paperboyNC
New member
GH said:
If I won I'd take the 30yr payout and obviously I'd hire an attorney and I think I'd give all immediate family a monthly stipend and tell them that they are losing that if they ask for more.
irvinehomeowner
Well-known member
@paperboyNC:
Why would you take the 30-year payout? Take the lump sum, give yourself what you would take for the first year under that payout and invest the rest and you will end up ahead.
Why would you take the 30-year payout? Take the lump sum, give yourself what you would take for the first year under that payout and invest the rest and you will end up ahead.
irvinehomeowner said:
I would also take the 30 yr payout only because I don't trust myself (or anybody else) to resist temptation and be able to do the right thing when faced with that amount of money. Who cares if I lose a few million dollars in opportunity cost if I have a billion already. A lot of smart investor are good with a million here and there to invest but totally blew with given billions to manage.
As they say, Bulls makes money, bears makes money, pigs get slaughtered. As per Mark Cuban in the article, "You don?t become a smart investor when you win the lottery. Don?t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won?t lose money."
GH said:
This made the rounds yesterday over all the various feeds:
http://mobile.nytimes.com/2016/01/1...our-advice-and-take-the-annuity.html?referer=
irvinehomeowner
Well-known member
Eh.
I would take the lump, pay off all my immediate family's homes and cars, make an offer to that 4-car garage home in Irvine that they can't refuse, donate to my church and charities, buy a shopping center, invest some, put some in high interest bank accounts and still work (but my wife can quit her job).
I would take the lump, pay off all my immediate family's homes and cars, make an offer to that 4-car garage home in Irvine that they can't refuse, donate to my church and charities, buy a shopping center, invest some, put some in high interest bank accounts and still work (but my wife can quit her job).