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Mega Lotto...Your 1st purchase?

 
Old 10-23-2018, 10:18 PM
  #41  
Vetteman Jack
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Originally Posted by Steve_R View Post
My first purchase would be a good attorney and a good financial planner. And unless it's a legal requirement I wouldn't be on TV holding a huge check for everyone to see.
Sure would want to have a plan in place to handle the money wisely. I would also look into how to best protect my family.

Unfortunately in Missouri you are identified if you win a major prize in the lottery.
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Old 10-23-2018, 10:21 PM
  #42  
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Ford Raptor
Porsche GT3

That would about cover my car needs until the c8 ZR1 comes out.

My focus would be on travel for the next 10 years.
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Old 10-23-2018, 10:23 PM
  #43  
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Originally Posted by pewter99 View Post
in FL you have no choice
Same here. I would just visit in your area.
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Old 10-23-2018, 10:24 PM
  #44  
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Originally Posted by LarsAtTheBeach View Post
Reality purchase. Something you can buy right away.

What’s it going to be?
Pay off all debts.

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Old 10-23-2018, 10:26 PM
  #45  
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Originally Posted by jasonsamara View Post
Honestly the very first thing I would do is drive to Nashville and hire Dave Ramsey to help me get things sorted out.
I'd bang Suze Orman.

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Old 10-23-2018, 10:26 PM
  #46  
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Originally Posted by 05c6silververt View Post
Some of the first things I would do would be to retain an attorney(s), and then sit down and draw up a plan for investments, provide for family and likely purchase four properties. Later would probable come about 12 to 15 cars I'd like to have. But the very first thing I would do is sign and secure the ticket and tell no one!
why do you need investments when you have 900 mill in the bank, you could live very comfortably with the interest alone.
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Old 10-23-2018, 10:26 PM
  #47  
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have everything I want now - (just retired) so I may upgrade a few things - but ensure my family, friends are taken care of, and a few charities I like wold get more, but would like to be the person that give big tips to servers when I go eat, etc. - make their day
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Old 10-23-2018, 10:28 PM
  #48  
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Originally Posted by themonk View Post
why do you need investments when you have 900 mill in the bank, you could live very comfortably with the interest alone.
interest alone is about 40 Mil a year
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Old 10-23-2018, 10:29 PM
  #49  
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Originally Posted by themonk View Post
why do you need investments when you have 900 mill in the bank, you could live very comfortably with the interest alone.
Greed
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Old 10-23-2018, 10:29 PM
  #50  
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first thing I do is buy a plane ticket to anywhere just to get a f'k out of Dodge and think about things for a while.
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Old 10-23-2018, 10:32 PM
  #51  
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I would give a million dollars to everybody who is important to me (13 people). Fair to everybody. No stress for me. Should allow them all to pay off their homes (or buy homes for the younger ones) and give them a nice cushion for the future.
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Old 10-23-2018, 10:33 PM
  #52  
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Originally Posted by Lee C View Post
Greed
C' mon man I just wanted a sixxer of cheap beer.
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Old 10-23-2018, 10:34 PM
  #53  
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Originally Posted by BOTYNV1 View Post
C' mon man I just wanted a sixxer of cheap beer.
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Old 10-23-2018, 10:37 PM
  #54  
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Originally Posted by themonk View Post
why do you need investments when you have 900 mill in the bank, you could live very comfortably with the interest alone.
There comes a point, when you've either reached a certain age or a certain level of wealth, that you're no longer investing for yourself, you're investing for your heirs. It just doesn't make much sense to let the money sit and not work for you and/or those you'll leave it to. The market marches on and so will your money (if you've got that much) even after you're dead.
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Old 10-24-2018, 12:07 AM
  #55  
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Played 5 friggin' games.....didn't get one single number. Pretty much like most lottery tickets I buy.
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Old 10-24-2018, 12:13 AM
  #56  
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Originally Posted by 05c6silververt View Post
There comes a point, when you've either reached a certain age or a certain level of wealth, that you're no longer investing for yourself, you're investing for your heirs. It just doesn't make much sense to let the money sit and not work for you and/or those you'll leave it to. The market marches on and so will your money (if you've got that much) even after you're dead.
yeah with that much money, it becomes a generational wealth...that can last for hundreds of years if managed properly. also you can shape/change certain societal aspects with that level of money also.
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Old 10-24-2018, 12:25 AM
  #57  
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Originally Posted by 05c6silververt View Post
Some of the first things I would do would be to retain an attorney(s), and then sit down and draw up a plan for investments
That sounds like a lot of fun... this is why I am friends with different people. Because I know if one of my friends won, it would immediately involve taking a private jet somewhere with some close friends just to see what kind of damage that level of cash could do in a weekend.
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Old 10-24-2018, 12:38 AM
  #58  
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Pay off current business debts and then gift the entire thing to my business partner. Then buy a vacation home in Hawaii. All of OT is invited.
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Old 10-24-2018, 12:47 AM
  #59  
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Originally Posted by Meh View Post
Pay off current business debts and then gift the entire thing to my business partner. Then buy a vacation home in Hawaii. All of OT is invited.
the gift exclusion is only $15k for 2018

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Old 10-24-2018, 12:49 AM
  #60  
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Originally Posted by 05c6silververt View Post
Played 5 friggin' games.....didn't get one single number. Pretty much like most lottery tickets I buy.
You play the lottery? I had you pegged as a smart dude. I totally forgave the whole "Lib-Thang" you got going. Not anymore!
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