mead107 Posted August 26, 2019 Posted August 26, 2019 25 minutes ago, stony said: Based on the net take home, I'm assuming he won the $5k per week for life? Aren't those really a 20-year guaranteed payout or until he dies? Was 20 year pay out on a scratch ticket i remember when he hit it. We were on our way down to my cousins body shop for a bus trip to Fox Woods. It was a Saturday. I turned down overtime otherwise I would have stopped and bought a ticket on way home. I said to my wife on the way down to the body shop do you want to stop and get a coffee? She said no. Otherwise I probably would have got a ticket then. Drinks on the bus, no need for coffee. He stop at 7:30 on his way to take his girlfriend to Saratoga , did not buy that $20 ticket. #28. On his way back he stopped at same Stewart’s store 2 hours later and got that ticket #28. It was the winner. Strange how things work out. 1
RaoulDuke79 Posted August 26, 2019 Posted August 26, 2019 8 minutes ago, Augie said: While I personally would not fear that at all, I totally agree with you. The wife and I just watched the Ryan Leaf E:60 this afternoon. He was talking about how he wasn't happy making $5 million/year, and was much happier making $15/hr working at a recovery clinic once he got clean. We were talking about money = happiness. I said money can't buy happiness, but I wouldn't mind testing that theory. 1
Augie Posted August 26, 2019 Posted August 26, 2019 9 minutes ago, RaoulDuke79 said: The wife and I just watched the Ryan Leaf E:60 this afternoon. He was talking about how he wasn't happy making $5 million/year, and was much happier making $15/hr working at a recovery clinic once he got clean. We were talking about money = happiness. I said money can't buy happiness, but I wouldn't mind testing that theory. It’s certainly complicated. Throwing touchdowns and saving lives are both pretty cool!
stony Posted August 26, 2019 Posted August 26, 2019 19 minutes ago, mead107 said: Was 20 year pay out on a scratch ticket i remember when he hit it. We were on our way down to my cousins body shop for a bus trip to Fox Woods. It was a Saturday. I turned down overtime otherwise I would have stopped and bought a ticket on way home. I said to my wife on the way down to the body shop do you want to stop and get a coffee? She said no. Otherwise I probably would have got a ticket then. Drinks on the bus, no need for coffee. He stop at 7:30 on his way to take his girlfriend to Saratoga , did not buy that $20 ticket. #28. On his way back he stopped at same Stewart’s store 2 hours later and got that ticket #28. It was the winner. Strange how things work out. Holy crap. This is 1st ballot "what ifs" HOF.
mead107 Posted August 26, 2019 Posted August 26, 2019 2 minutes ago, stony said: Holy crap. This is 1st ballot "what ifs" HOF. Manager said that ticket started the day. How the count started the day.
Augie Posted August 26, 2019 Posted August 26, 2019 3 minutes ago, mead107 said: Manager said that ticket started the day. How the count started the day. Life unfolds as it is meant to unfold. It can be strange, but it’s God’s plan. Had you won that day......who knows? Maybe we would not have Stromboli on game days? The world would be a lesser place. Trust the process. 1
Happy Posted August 26, 2019 Posted August 26, 2019 2 hours ago, Augie said: Most of those people regret selling. The money is less important than having a reason to get out of bed, having your passion in life. Not surprised. Their business is what these people were wired to do, they found their life's mission if you will. Not everyone figures out what floats their boat in life...it's not that easy, unfortunately. 1
ExiledInIllinois Posted August 26, 2019 Posted August 26, 2019 Holy crap! 2 pages in and nobody with: "Lots of hookers & blow." I am really disappointed. You guys are slipping! /smh 3
Augie Posted August 26, 2019 Posted August 26, 2019 1 minute ago, Happy Gilmore said: Not surprised. Their business is what these people were wired to do, they found their life's mission if you will. Not everyone figures out what floats their boat in life...it's not that easy, unfortunately. At some event I was talking to one of the portfolio managers who worked with my wife. He told me about a client who bought what he thought was an undervalued company. Turned it around and sold it for just over $100 million. Nice guy, and the perfect client. They never heard from him, no complaints, no demands, no grief. They reached out to him regularly, of course, but he was quiet. THEN, one day the portfolio manager gets a voice mail from him. OH NO! Did we mess up? He NEVER calls us, what might be wrong? We need to FIX this! Nope, in his free time, the same guy bought another company, turned it around, and sold it for another $100 million. He just wanted to let the guy know more money was going to show up! His thing was not “his baby”, it was “the game”.Everybody is wired differently.
SinceThe70s Posted August 26, 2019 Posted August 26, 2019 1 hour ago, Marv's Neighbor said: I know you seem to be reaching for sensible here BUT how would you ever work successfully? Would you still: care about the job, co-workers, morals, ethics, values etc.? Even if you can say yes to that, you would quickly tire of your co-workers (stupid ones first) and your job, to the point where it just wouldn't work well anymore. As for saving securely as possible, I've retired 2x, from 2 different jobs. it's sad to think all the people I've known along the way that either didn't make it to enjoy a day of retirement, or died within the first year. Saving is good, even necessary but the tough part is balancing what you can enjoy now with what you may or may not be around to enjoy in the future. I'm with ya Marv! Great comments/questions. I've thought about if I hit the jackpot and quickly realized that I wouldn't/couldn't put up with my job (even though I enjoy what I do), nor they with me. At the same time I'm not sure what I'd do with myself without the daily grind. Which may be why winners have problems IMO. The savings part is less worrisome to me. I'm fortunate to be content that if I die tomorrow I wasn't waiting until retirement to do something I wanted to. I'll never do everything I want to in my lifetime, but hitting the jackpot would let me tick off more check boxes (and sooner). Either way I'm fine. The notion of a bucket list never resonated with me. There's always more to see and do regardless what you've seen and done.
BUFFALOKIE Posted August 26, 2019 Posted August 26, 2019 I would go to work tomorrow morning. I love my job, and I think my company values me highly. I cut most knuckleheads out long ago. My true friends, and small family circle will all benefit from any fortune I ever receive. And trees. I'll plant lots of lovely trees. 2 1
Just Jack Posted August 26, 2019 Posted August 26, 2019 I'd talk with @Chef Jim about where to best hide it in one of those off shore accounts. After he refuses to help me, then I'll ask about setting up three accounts. One will be my "payroll" account. An account that will have enough in it that I can live off the interest only, and not touch the principal. I don't plan on changing my lifestyle too much, other than not working unless it's a job I want to do, even something part time just to get me out of the house once in a while. Second account will be my charity account, for charities that I want to support, not charities that approach me. And I'll make it clear at the press conference when they announce me the winner, that I will not give money to anyone that approaches me. Third account will be my fun account, to do whatever I want with it. And to make sure my family does not come to me for money, all my siblings, and my wife's siblings, will get a whatever the max is you can gift someone without them having to pay taxes, with the understanding that this is all. Spend it wisely, or foolishly, it's their choice.
Gugny Posted August 26, 2019 Posted August 26, 2019 I'd get a lawyer. I already have an accountant. I'd pay my house and car off (my only debts). I'd buy my parents whatever they want (wouldn't be much). I'd pay my brother's and sister's debts off. I'd donate a substantial amount to the Adirondack Vets House (local NFP). I'd save/invest the rest.
Marv's Neighbor Posted August 26, 2019 Posted August 26, 2019 2 hours ago, Mark80 said: Hire an accountant, financial planner, and lawyer that I trust. Already have 2 of 3. Can't find the trustworthy lawyer?
Miyagi-Do Karate Posted August 26, 2019 Posted August 26, 2019 I think I would probably dispense with trying to squeeze my yearly deal for Sunday Ticket from directv. 2 1
unbillievable Posted August 26, 2019 Posted August 26, 2019 (edited) I would design and build a zombie-apocalypse proof home. I will not pay off anyone's debts. If you want a free house, you'll have to build on my land, and its by invitation only. Don't worry, there will be a driving range, and an artificial lake full of fish. I like to cook, so there will always be good food available. That will be my reason to get up in the morning. (no I will not open a restaurant). To fulfill a childhood dream, I will build a money bin and fill it with gold coins. If you're not on my cellphone contacts list, don't even bother. To appease my mother, I will give her 100k to distribute to whichever relatives she still talks to... Edited August 26, 2019 by unbillievable 1
mrags Posted August 26, 2019 Posted August 26, 2019 3 hours ago, ExiledInIllinois said: Holy crap! 2 pages in and nobody with: "Lots of hookers & blow." I am really disappointed. You guys are slipping! /smh I just saw the lost now. Yeah. Lots of blow and hookers. 1
Seasons1992 Posted August 26, 2019 Posted August 26, 2019 12 hours ago, ExiledInIllinois said: Holy crap! 2 pages in and nobody with: "Lots of hookers & blow." I am really disappointed. You guys are slipping! /smh We were waiting for you.
Guffalo Posted August 26, 2019 Posted August 26, 2019 12 hours ago, Marv's Neighbor said: Can't find the trustworthy lawyer? Thats an oxymoron 1
Greybeard Posted August 26, 2019 Posted August 26, 2019 (edited) 22 hours ago, RochesterRob said: ....Hypothetically. Let's say you have cleared 10M dollars after taxes and net present value. Further, you live in a state where your winnings are made known to the public. What do you do? Just read another "horrors of the lottery winner" story and again it comes down to making hard headed decisions. Can you cut out the knuckleheads from your family that will surely lead to ruin? How soon before you make a run to another state in the dead of night to keep the deadbeats away? At the end of last year, there was a bill in NY that would allow you to remain anonymous. Cuomo veto'ed it. Here is one of many links. I thought it was reported at the time that he said winners could form an LLC, and it could take the winnings. I don't see how that guarantee's anonymity. https://nypost.com/2018/12/09/cuomo-vetoes-bill-allowing-lotto-winners-to-remain-anonymous/ Found another link https://nypost.com/2019/02/19/how-the-winners-of-new-york-lotterys-biggest-jackpot-were-able-to-stay-anonymous/ Edited August 26, 2019 by Greybeard
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