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Old 10-24-2018, 03:05 PM
 
4,242 posts, read 1,742,673 times
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Quote:
Originally Posted by kygman View Post
We've watched those shows where lottery winners buy a huge house and several cars. If I ever won, our 2006 Buick Rendezvous with 260,000 miles, and my Chevy S-10 with 87,000 miles are doing just fine and would still last us for a long time. Most of any money spent would be on our house. It was built in 1911 and still has most of the original windows and a lot of the original wiring. New wiring, windows, roof, and plumbing and we'd be done on it. Other than that, and a little donation to our kids, we'd be ready for a little vacation and still have a whole lot left over
Really? C'mon. I mean, I'm all for being wise and frugal, but....

Let me put it this way.

The MegaMillions payoff after taxes was around $800,000,000. Now, even if you shove that into a bank account earning 3% annually, that's $24,000,000 a year. In interest alone. That translates into $2,000,000 a month. Even if you back out 50% in taxes, that's $1,000,000 in month without lifting a finger.

So I think it wouldn't be terribly imprudent to go out and replace your Buick Rendezvous or Chevy S-10. In fact, I'm not sure I'd feel safe in a Buick Rendezvous with that many miles. Heck, take care of all those other expenses in the first month and you'd still have $900,000 left to spend.
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Old 10-30-2018, 02:51 PM
 
2,260 posts, read 1,244,464 times
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Quote:
Originally Posted by Rocko20 View Post
Winning the lottery is better for people who don’t blow the money in a couple years.

Whether you’re a burger flipper or billionaire, money has to be managed responsibly.
this

no matter the amount...I would not go crazy
if we won millions...
I would pay off debt, never carry debt again

I would make sure I leave most of it to my kids

my kids education would be paid for...no student loans

We would upgrade house and vehicles and such, but no one we know would know we just won a ton of money...not even family

We would donate to cancer research and animal shelters

probably take nicer vacations (no more camping)

we would give our old house and camper away...

if we won hundreds of millions same thing, but we would quit our jobs and pursue hobbies
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Old 11-01-2018, 02:05 PM
 
Location: Maryland
1,002 posts, read 296,861 times
Reputation: 2261
Just a pet peeve of mine....countries like Sweden and Denmark, with free market economies, should not be referred to as socialist or even socialist-like. A spokesman for Denmark recently made a public statement about that. I would imagine they find it offensive. Liberal social programs should not be confused with socialism.

Here are socialist countries and it’s easy to see that most Scandinavian and Western European countries are not socialist economies. One can imagine social programs of actual socialist countries by looking at the list.

https://en.m.wikipedia.org/wiki/List...cialist_states

Last edited by LesLucid; 11-01-2018 at 02:36 PM..
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Old 11-01-2018, 09:42 PM
 
Location: Louisville KY
4,101 posts, read 3,646,875 times
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Quote:
Originally Posted by rstevens62 View Post
Thing is though, most people say the same thing...but when you see your new bank balance after the winnings are deposited, I would imagine that changes someones mentality pretty quick.
That's where we get hypocrits and flip-floppers, those who once the reality hits them forget their own values. Or stating such was nothing but a front to begin with to seem morally superior or think it's the right thing to say, while in their head, they're twirling their Dick Dastardly moustache with dollar signs in their eyes.


I look at a lot of choices of lottery winners, the rich/wealthy as askewed, wrong, and often well beyond even their means. Do I have visions of grandure, lkke every other poor person, yeah. But I also have more realistic ideals for large sums of money, that I'd certain to withheld, much like I did when I got my settlement money. November of 2016, I had a Taotao Quantum 150 scooter and got t-boned on it. I got 8,999 dollars. I bought a used car(retired 08 CVPI), I did a few things, but nothing somebody winning the lottery would do, it was more like my chance to live like lower-middle class; buying a few items of clothes(nothing expensive, a hat or two from Spencers- which was to replace some stolen items), a few dvds from walmart. I gave my parents.some money. I didn't buy the hottest new cell phone. I went to a bar(that had cheap and affordable drinks). Most of it went to upgrading a few things on the car, gas, and my exfiance pretty much robbed me blind twice, so the rest of that "most" was replacing a few things stolen; another xbox 360, another flatscreen tv(which I upgraded from 32" to 55", bought from a pawn shop), two or three games for it, the afformemtioned hats, some bicycle parts, I can't remember it all. But out of everything stolen from me only about 30% of what was replacable was replaced, some due to the fact that it may be extremely hard to find or nolonger available, couldn't have been. Not too mention everything she stole that could potentially be replaced monetarilly, would nearly be the entire settlement check.



She stole my tv, xbox, xbox360, Playstation, Sega Genesis, Playstation Portable, related games and items to those, dvds, clothes, food, my toothbrush, MtG cards, cologne, blades, bicycle parts, a bicycle, 1tb portable hard drive, all my old mp3 players, bottlecap collection, one of my laptops, two ecigs, stuff from my pagan alter. That's just off the top of my head.


If I won the lottery, I am certain I would still be one frugal mofo. My only big spendings would be modding my car, buying land, building a house. I would buy clothes and shoes, which I desperately need. I would still work. I'd give my parents money, because they deserve it. Maybe try doing realestate, pattent a few ideas, get college funds for my kids, maybe start a racing career. I believe in living below ones means, not at or above it.


But I doubt I'll ever win, even if I played, nor will another largw sum of money come my way. So here I sit in my wretched govhousing apartment, probably until they tear it down, with my car I can't afford to fix, nor will anybody donate to it's gofundme. More.or less suffering with every properous opertunity slapping me in the face. Hoping that when I finish these books, I can publish and make some decent money, bjt going by what I write on Medium, and the $1.07 I made in the past three months of memebership, not having high hopes.
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Old 11-03-2018, 01:42 AM
 
Location: Central Illinois -
19,991 posts, read 13,531,114 times
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Quote:
Originally Posted by rstevens62 View Post
There is a guy in our town that won the big lottery twice, first time, it was around 7-10 million, and then like 5 years later, he won 30 million. He hasnt changed much as a person, I went to school with one of his daughters, all the kids drove nice cars after that, and they did buy a nicer house, but he put most of the money into his auto body business, he bought the lots next to it and expanded, they are still one of the better auto body shops in the state.
I don't get these repeat winners, but I've read about a lot of them. It takes some incredible good fortune to win over a million dollars by playing the lottery, but to do it twice? I'd like to see someone research this and try and explain how some people beat the mathematical odds like that.
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Old 11-03-2018, 10:24 AM
 
Location: Hiding from Antifa?
5,866 posts, read 3,845,281 times
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Quote:
Originally Posted by LesLucid View Post
Just a pet peeve of mine....countries like Sweden and Denmark, with free market economies, should not be referred to as socialist or even socialist-like. A spokesman for Denmark recently made a public statement about that. I would imagine they find it offensive. Liberal social programs should not be confused with socialism.

Here are socialist countries and itís easy to see that most Scandinavian and Western European countries are not socialist economies. One can imagine social programs of actual socialist countries by looking at the list.

https://en.m.wikipedia.org/wiki/List...cialist_states
Back in 1985, I attended a class to learn how to service a piece of equipment. The class was in England and one of my classmates was Danish. He told us there are no poor people in Denmark. There are no rich people either. The government taxes those who make enough money to keep the people who don't living the same type of life. If that's not Socialist, I don't know what is.
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Old 11-04-2018, 07:15 AM
 
Location: Maryland
1,002 posts, read 296,861 times
Reputation: 2261
Quote:
Originally Posted by Cruzincat View Post
Back in 1985, I attended a class to learn how to service a piece of equipment. The class was in England and one of my classmates was Danish. He told us there are no poor people in Denmark. There are no rich people either. The government taxes those who make enough money to keep the people who don't living the same type of life. If that's not Socialist, I don't know what is.
We can agree on that statement, you don’t know what socialism is.

https://www.thelocal.dk/20151101/dan...-not-socialist
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Old 11-04-2018, 08:10 AM
 
3,874 posts, read 1,754,227 times
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File under Study of the Obvious. I guess someone was paid to make this surprising discovery, which ranks with the world being round as one of the great revelations of the age. Just not this age.

Of course winning the lottery makes people happy. Because money makes people happy. If money didn't make people happy you wouldn't see so many of them trying to get more of it. When was the last time someone turned down a raise?

And people wouldn't get angry when they have to do with less of it. Why do people get PO'd when gas prices go up or taxes go up? It's because they wind up with less money.


All right, money isn't everything. There, happy? But this is almost always said to console people who have just been made unhappy because they've been made to do with less money.
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Old 11-06-2018, 02:04 PM
 
4,242 posts, read 1,742,673 times
Reputation: 13452
Winning the lottery is ethically neutral.

Essentially, if you made prudent choices in life before you won the lottery, you'll make prudent choices in life after you win the lottery.

Likewise, if you blew money like a pimp with a week to live before your Lotto ticket paid off, then you'll just spend like a pimp with a week to live on a gargantuan scale.

Last edited by MinivanDriver; 11-06-2018 at 03:06 PM..
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Old 11-07-2018, 12:55 PM
 
7,164 posts, read 1,749,836 times
Reputation: 5115
Quote:
Originally Posted by odanny View Post
I don't get these repeat winners, but I've read about a lot of them. It takes some incredible good fortune to win over a million dollars by playing the lottery, but to do it twice? I'd like to see someone research this and try and explain how some people beat the mathematical odds like that.
He is the only person Ive heard of that has won twice, both times being multi millions, but surprisingly I know a few other people that consistently win things, one guy constantly wins scratch off lotto tickets, (he doesnt win huge amounts though, its usually around $500-1000, although he has hit over $20K a few times), another friend wins radio call in type contests very often...

I dont think 'luck' has anything to do with it, as I do not believe some people are more lucky than others. Im not sure how they win like this.
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