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Powerball lottery next wed is for $340 million. What would you do with $340 million.
vanity ^ | 10/16/2005 | self

Posted on 10/15/2005 11:27:51 PM PDT by Lokibob

The powerball lottery next Wednesday will be for $340 million. Thats more than 1/4 of a billion (with a B). The cash option is 164.4 million, which means that the winner, AFTER TAXES, clears approximately $100 million.

Now my question is: what would you do with $100 million?


TOPICS: Chit/Chat; Miscellaneous
KEYWORDS: dreams; lottery; powerball
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When I take my car to quick lube, the kid brings the air cleaner into the waiting room and tells me that I need to replace it. I always ask him to just blow air thru it, and knock down the dust.

If I won $100 million, I probably would have him replace it.

1 posted on 10/15/2005 11:27:52 PM PDT by Lokibob
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To: Lokibob
What would you do with $340 million

Deny I had extended relatives.

2 posted on 10/15/2005 11:34:38 PM PDT by BigSkyFreeper ("Tucker Carlson could reveal himself as a castrated, lesbian, rodeo clown ...wouldn't surprise me")
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To: Lokibob

I would pay off all my debts, continue to live modestly, donate a lot to charity, and try to remain as anonymous as possible.


3 posted on 10/15/2005 11:39:27 PM PDT by Huntress (Possession really is nine tenths of the law.)
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To: Lokibob

Stick it in a savings account and live off the interest, continue to live anonymously and be frugal with my spending.

Except on computers.


4 posted on 10/15/2005 11:42:17 PM PDT by Crazieman (6-23-2005, Establishment of the United Socialist States of America)
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To: Lokibob; PJ-Comix
If I won $100 million, I'd buy PJ that new computer so he wouldn't have to go to the library with the other bums and preverts to write up the DUFUs...
5 posted on 10/15/2005 11:46:02 PM PDT by decal (Mother Nature and Real Life are conservatives; the Progs have never figured this out.)
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To: Lokibob
Now my question is: what would you do with $100 million?

I'd call Clark Howard and tell him I'm spending every penny like a drunken sailor on shore leave.

6 posted on 10/15/2005 11:50:24 PM PDT by Nexus6
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To: Nexus6

Going to call the police on your death threat there...

;)


7 posted on 10/15/2005 11:56:09 PM PDT by Crazieman (6-23-2005, Establishment of the United Socialist States of America)
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To: Lokibob

I would take half and create a trust fund specifically for providing education scholarships to family members, startup/venture capital for family members who want to start businesses, and create a family corporation that will decide what to do with the money generated by the trust that isn't tied up directly in the primary missions of providing relatives with options, education, and mortgage assistance.

The other half would be managed independently by myself with the primary mission of growing it through investments, passive and active. A small slice would be sliced off to buy a home, pay off my father's mortgage on our family home, and set up a trust fund using $10 million to generate a guaranteed income for myself.

But that is neither here or now because I don't have $100 million.


8 posted on 10/15/2005 11:56:32 PM PDT by coconutt2000 (NO MORE PEACE FOR OIL!!! DOWN WITH TYRANTS, TERRORISTS, AND TIMIDCRATS!!!! (3-T's For World Peace))
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To: Lokibob

Way too much money to spend on myself. I would probably try to setup a charitable organization that could get the money tax free. I would pay myself a decent salary to run it, and I would feed and shelter needy people and spread the love of Jesus to people who did not have it.


9 posted on 10/16/2005 12:00:39 AM PDT by Always Right
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To: Lokibob

Give it all to charity..........< /sarcasm>


10 posted on 10/16/2005 12:00:50 AM PDT by Squantos (Be polite. Be professional. But, have a plan to kill everyone you meet. ©)
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To: Crazieman

I can just hear the sirens going off now....;-)...sheer bliss.


11 posted on 10/16/2005 12:06:20 AM PDT by Nexus6
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To: Nexus6

I like the way you think.

Of course I'd take care of my relatives, but the remaining $95 million would go to bubble gum popping waitresses, vets in V.A. hospitals, buying the house a round (or 2), or attending every NASCAR event.

I'd do insane things like buy a cargo ship, renovate it, hire a crew and sail it around the world. (no cargo, just a whole ship for me and my friends).

You would certainly find me at the World Series of Poker.


12 posted on 10/16/2005 12:08:14 AM PDT by Lokibob
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To: Lokibob

Get a good lawyer and fight for the full 340 million amount.


13 posted on 10/16/2005 12:16:07 AM PDT by Mark (Proven scientific experiment: The NY Times flushes easily down the standard toilet.)
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To: Mark

>>>Get a good lawyer and fight for the full 340 million amount.

Why?

If you elect the annuity payment, you'd get the $340M over time. You'd then owe taxes yearly...


14 posted on 10/16/2005 12:27:28 AM PDT by Keith in Iowa (Liberals - Stuck on Stupid.)
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To: Lokibob
the remaining $95 million would go to bubble gum popping waitresses, vets in V.A. hospitals, buying the house a round (or 2), or attending every NASCAR event.

Well FRiend, I can certainly identify with that, we only get one ride on this merry-go-round, might as well enjoy it. Btw, if I hit it, I'm entitling you to enough dough to retire with since I had no idea the powerball was that high (and plan to buy tickets tomorrow). After I've made various charitable contributions, please feel free to join me in my foray into total hedonism.

15 posted on 10/16/2005 12:28:05 AM PDT by Nexus6
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To: Lokibob

Send enough to JimRob so we don't have to have those stinkin' quarterly fund raisers...


16 posted on 10/16/2005 12:29:01 AM PDT by Keith in Iowa (Liberals - Stuck on Stupid.)
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To: Lokibob
Lotteries should allow winners to remain anonymous. Just publish the county or city that the winner won in. There's no need to publicize the winner when he/she has to worry about crazed relatives/friends and their well-being.

Powerball is for suckers anyway. I don't know why people don't play the lower odds games with jackpots around $50,000.

17 posted on 10/16/2005 12:34:13 AM PDT by Extremely Extreme Extremist (Harmful or Fatal if Swallowed)
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To: Mark
Get a good lawyer and fight for the full 340 million amount.

The amount of money spent on a lawyer fighting Uncle Sam is equivalent to what you would have to pay in taxes anyway. Just pay the taxes and get it over with, you're screwed no matter what anyways.

18 posted on 10/16/2005 12:36:13 AM PDT by Extremely Extreme Extremist (Harmful or Fatal if Swallowed)
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To: Extremely Extreme Extremist
Powerball is for suckers anyway

Tell that to the people who hit it

I don't know why people don't play the lower odds games with jackpots around $50,000.

because 50k after taxes will leave you with enough money to pay off your car, 100M and you don't worry about a bill again...ever.

19 posted on 10/16/2005 12:44:56 AM PDT by Nexus6
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To: Lokibob

After picking myself up off the floor...I have NO idea what I would do, probably be so scared I couldn't mention it to anyone for a few days....


20 posted on 10/16/2005 1:29:25 AM PDT by HarleyLady27 (My ? to libs: "Do they ever shut up on your planet?" "Grow your own DOPE: Plant a LIB!")
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To: Lokibob

I would buy the finest house in Bayonne, NJ. I would definately quit my job. I would know that NRTL and the Salvation Army would be very happy. I would get me a super souped up little Dodge Neon. That is all!


21 posted on 10/16/2005 1:50:11 AM PDT by jocon307
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To: Lokibob

Tithe...

Extend muh hundred acres to about a thousand...

live off the interest, dedicate my time to my kids and the local youth...


22 posted on 10/16/2005 1:59:27 AM PDT by g'nad
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To: Lokibob

The FreeRepublic would be funded for at least one year if not more. That would only be a start.


23 posted on 10/16/2005 2:57:52 AM PDT by bmwcyle (We broke Pink's Code and found a terrorist message)
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To: bmwcyle
lol, Free Republic would get several new servers.

Surely we can also give to other good causes

I would do the following;

pay my bills,
payoff my house
give a big chuck to my church and parish school.
put and addition on my house with a new kitchen for my wife.
Go on long vacation!

Put all the money in the following
State and Federal Bonds
Live off the interest like Mrs. Kerry, lol
24 posted on 10/16/2005 3:08:18 AM PDT by man from mars
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To: man from mars

You have to start somewhere. Then you go from there.


25 posted on 10/16/2005 3:09:34 AM PDT by bmwcyle (We broke Pink's Code and found a terrorist message)
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To: Lokibob

If I won this money I would help family and friends. Then I would set up a think tank to study the Islamic threat and the Chinese threat. I would set up a think tank to study greater use of clean coal technology for energy. Another think tank to study cold fusion.

I would buy a lot of rural land and set up a free school of organic agriculture.


26 posted on 10/16/2005 3:15:41 AM PDT by dennisw (You shouldn't let other people get your kicks for you - Bob Dylan)
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To: Lokibob

$100,000,000 ain’t what it used to be but …
1. By an RV.
2. Put my Camaro in a “Overhauling” shop with my dream sheet.
3. Give my favorite waitress a really big tip.
4. Hit the road for an extended vacation and look for a nice place to live out in the middle of nowhere.
5. Mail a sizable check to my daughter just to see how many shoes she would buy.


27 posted on 10/16/2005 3:22:32 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink.)
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To: Keith in Iowa; Mark

Maybe he meant from his soon to be ex wife if he won.


28 posted on 10/16/2005 3:31:15 AM PDT by oceanperch (I love my Labradors Kolbe, Porter, Hunter and Yol)
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To: Lokibob

Open a state of the art group home for the severely physically disabled with well paid professionals and assistants and college funds for all those living in the home.

A home that REALLY provides 24 hr care. Non Profit.

Also a group home just for respite so Moms and Dads who have spent their lives caring for a severly disabled child/adult can take a break on a reg. basis.

Buy a bus with state of the art with barrier free lifts and all the medical support so I could take King Vanity around the United States independtly, and hire a professional driver.

And of coarse the Labs would come too.


29 posted on 10/16/2005 3:45:33 AM PDT by oceanperch (I love my Labradors Kolbe, Porter, Hunter and Yol)
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To: Lokibob
My idea of having fun with the money:

1) donate ultrasound machines to every right to life organization.
2)huge amount to Fischer Houses....build lots of them
3) ipods and hi-tech toys in abundance to every recovering Veteran
4) youth, adult & senior scholarships $$ to deserving people
5) flowers & goodie baskets to folks going through rough times

I'd do it all anonomously....like the old TV show "The Millionaire"
30 posted on 10/16/2005 4:41:16 AM PDT by chgomac
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To: Mark; Keith in Iowa
Here is an amazing fact: $340 million is the exact same as $164.4 million (the cash option). How? When the top prize is won, the Powerball operations people go to 25 bond dealers in NYC and get bids on bonds to cover the 25 years of the payouts. In this case, they are estimating it will cost them $164.4 million to cover the $340 million over the 25 year period.

Hiring a lawyer isn't going to do you any good, since you can get the $340 million anyway.
31 posted on 10/16/2005 5:13:11 AM PDT by Lokibob
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To: Lokibob

Well, first of all I'd pay off all my bills then with the 100 bucks I had left, we'd go to IHOP for breakfast.(kidding)......I'd pay my bills, pay off my childrens' mortgages, buy a new truck, donate to the Salvation Army and Smaritans Purse.......take out all our retirement savings and give that to our church.........(don't think the church would want lottery money) then sit back and relax and watch the world go by wondering how in the cat hair we ever got to a point to where a government could take so much out for itself. :(


32 posted on 10/16/2005 5:20:58 AM PDT by Dawgreg (Happiness is not having what you want, but wanting what you have.)
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To: Nexus6

1- I look forward to a freepmail Thursday morning.(LOL)
2- My needs are simple, and goals realistic. A paid week in Las Vegas will do. On second thought, sponsor an entry for me in the World Series of Poker next year and I'd be happy.

Regardless, I wish the best of luck to you.

----Bob


33 posted on 10/16/2005 5:22:13 AM PDT by Lokibob
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To: Lokibob
Now my question is: what would you do with $100 million?

Honestly?

I'd be dead in a month. They'd find me in the penthouse suite of a five star hotel, my head buried "Scarface"-style in a mountain of cocaine, and a half dozen naked high priced call-girls going through my wallet trying to find the PIN numbers for my credit cards. I'd have a smile on my face though!

There is a reason I don't play the lottery.

34 posted on 10/16/2005 5:27:56 AM PDT by Drew68
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To: Lokibob
I would by my own mountain, like Walton mountain. Have a working horse ranch for mentally and physically handicapped, and autistics to work and use.

Pay for college and not have to get those darned loans.

Then take a trip to Ireland, Scotland and London and anywhere else that suits my fancy.

Show me the money....
35 posted on 10/16/2005 5:41:20 AM PDT by SouthernFreebird
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To: Cannonette

If you win, I'll come home.


36 posted on 10/16/2005 5:42:04 AM PDT by Cannoneer No. 4 (Kandahar Airfield -- “We’re not on the edge of the world, but we can see it from here")
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To: Lokibob

What would I do with a $100 million? I'll tell you what I'd do dude...

37 posted on 10/16/2005 5:49:41 AM PDT by NittanyLion
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To: Lokibob
I enjoy imagining this.

I too would pay off all bills first.

I continue to live modestly but with indulgences you can't see from the outside like a big aquarium in each room and a huge TV in each room.

I would have a will that bestows chunks of money to certain people who have been good to me and my church.

I would adopt one or two used greyhounds.

One dream I have is to adopt a disabled child, one who is deemed unadoptable, and really have the means to provide all care and love him or her endlessly. I never have done this because I know I could not afford things and plus probably have to hire help.

I think it is OK to play the big lottery games. I buy only one ticket. Somebody has to win and it is just numbers. Not like you have to be smart and answer questions or anything.
38 posted on 10/16/2005 5:55:39 AM PDT by A knight without armor
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To: Lokibob

I would pack lunches in the AM, go to soccer practice, walk the dogs, etc. Some things I wouldn't want to mess up. Ahh, but my job..


39 posted on 10/16/2005 6:09:41 AM PDT by kdot
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To: frogjerk

Why don't you ping the poker folks on this one. It might be fun.


40 posted on 10/16/2005 6:12:15 AM PDT by Lokibob
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To: Squantos; Eaker; humblegunner; Flyer; wardaddy
Give it all to charity..........< /sarcasm>

You'd go on the "Squantos World Tour to Stuff G-Strings!"

41 posted on 10/16/2005 6:19:59 AM PDT by Tijeras_Slim (Now that taglines are cool, I refuse to have one.)
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To: Lokibob

I would buy 30 building lots in one of the richer neighborhoods where the people are complete snobs,and build a bunch of houses and donate them to Katrina victims from the Ninth Ward.<J/K


42 posted on 10/16/2005 6:23:45 AM PDT by daddyOwe ("a man is rich in proportion to the number of things he can afford to leave alone")
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To: Lokibob

I'd give a bunch to Jim Rob with the proviso that my new screen name is "Unbannable Man."

I'd also get an internet connection so fast I'd always be IBFTZ.

I'd subsidize a band to follow Cindy Sheehan and play "Stars and Stripes Forever" when she speaks.

I'd open the Alamo-Girl Downside Legacy Library in Little Rock across from the Clintoon Singlewide.

Then I'd get into mischief.


43 posted on 10/16/2005 6:28:26 AM PDT by Tijeras_Slim (Now that taglines are cool, I refuse to have one.)
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To: Tijeras_Slim; Squantos; Eaker
I'd buy about fifty thousand acres in West Texas and manage
wildlife (tax break) and run a few head of cattle (Ag exemption)
and accept a few hunters each year to cover the bulk of the tax on the land.

Mostly nobody would ever see me again!

I'd have me a backhoe and a Cat D-5 and a gun range and a 'still
and mostly nobody would ever see me again!

44 posted on 10/16/2005 6:52:28 AM PDT by humblegunner (If you're gonna die, die with your boots on.)
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To: Nexus6
Tell that to the people who hit it

How many people actually win out of millions of losing tickets? Everybody and their mommas probably bought tickets last night and no one still didn't win the damn thing.

because 50k after taxes will leave you with enough money to pay off your car, 100M and you don't worry about a bill again...ever.

Realistically, does someone expect to win when they buy a ticket?

45 posted on 10/16/2005 8:15:04 AM PDT by Extremely Extreme Extremist (Harmful or Fatal if Swallowed)
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To: Tijeras_Slim

That's a lotta tang!


46 posted on 10/16/2005 9:15:24 AM PDT by wardaddy (Brooke Burke is now single!)
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To: wardaddy

That's why I pinged all you guys, he's probably gonna need assistance. :)


47 posted on 10/16/2005 9:17:00 AM PDT by Tijeras_Slim (Now that taglines are cool, I refuse to have one.)
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To: coconutt2000

What you said.

Preserve for future family.

Conservation.

Growth

in other words...what I do already....just a heck of a lot more


48 posted on 10/16/2005 9:17:22 AM PDT by wardaddy (Brooke Burke is now single!)
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To: Tijeras_Slim

You got that right but I use Monopoly money for that....fake money for fake breasts !


49 posted on 10/16/2005 10:36:16 AM PDT by Squantos (Be polite. Be professional. But, have a plan to kill everyone you meet. ©)
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To: Lokibob
First thing I'd do is buy a new Polaris Kingpin, totally chromed out.

Next, I'd ride it...

50 posted on 10/16/2005 10:43:34 AM PDT by THX 1138
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