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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Who won the lottery?

Who won the lottery?

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #1

    IMG_1350.JPG

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by jon-nyc
      #2

      Mr Rich is wrong. The headline lottery jackpot is not the PV of the prize, it’s the sum of payments if you take it over 30 years.

      If you take it upfront it’s maybe 2/3 the total, or less with today’s interest rates. IRS will take a normal (per published brackets) of that sum.

      Example from my friend who won a “44MM” jackpot in the VA lottery in 2006:

      Headline winnings: 44MM

      Lump sum amount: 21MM

      After tax amount: 14MM.

      But the IRS took 21-14=7MM. NOT 44-14=30MM

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • George KG Offline
        George KG Offline
        George K
        wrote on last edited by
        #3

        The Forbes article that Rich quotes.

        https://www.forbes.com/sites/robertwood/2022/07/30/winning-128-billion-lottery-ticket--gets-4337-million-after-tax/?sh=74e2bb782028

        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote on last edited by
          #4

          And the sentence he missed in his arithmetic.

          The 1.28 billion is only if you take it over time, but if you want it all now, you get $747.2 million.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          1 Reply Last reply
          • Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote on last edited by
            #5

            Maybe the "W" in his name stands for "Was"?

            I was only joking

            1 Reply Last reply
            • JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by
              #6

              I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

              His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

              “Cry havoc and let slip the DOGE of war!”

              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

              LuFins DadL jon-nycJ 2 Replies Last reply
              • JollyJ Jolly

                I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #7

                @Jolly said in Who won the lottery?:

                I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                The Brad

                Aqua LetiferA 1 Reply Last reply
                • taiwan_girlT Offline
                  taiwan_girlT Offline
                  taiwan_girl
                  wrote on last edited by
                  #8

                  @Jolly @LuFins-Dad I agree. I would definitely go hide out in some remote corner of the world for a while.

                  "Hey, remember me taiwan girl? We were in the first grade together for a week before I moved to a different town. In that week, we were such good friends. Just wanted to call you and see how you were doing!!!" +many more like that. 555

                  1 Reply Last reply
                  • LuFins DadL LuFins Dad

                    @Jolly said in Who won the lottery?:

                    I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                    His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                    I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                    I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                    1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                    2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                    3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                    4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                    5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                    6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                    Aqua LetiferA Offline
                    Aqua LetiferA Offline
                    Aqua Letifer
                    wrote on last edited by
                    #9

                    @LuFins-Dad said in Who won the lottery?:

                    @Jolly said in Who won the lottery?:

                    I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                    His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                    I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                    I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                    1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                    2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                    3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                    4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                    5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                    6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                    Isn't all that a tad excessive?

                    Please love yourself.

                    LuFins DadL 1 Reply Last reply
                    • JollyJ Jolly

                      I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                      His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                      jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote on last edited by jon-nyc
                      #10

                      @Jolly said in Who won the lottery?:

                      I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                      His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                      My friend, who split the winnings with his girlfriend (now wife), actually hired a PR person to minimize his exposure.

                      First he tried to avoid the attention at all by selling the ticket to investors. His lawyer said he can’t do that it’s against state law. So then my buddy (a former trader and by then an SVP at Nasdaq) asked if he could securitize the sale so that it would be governed by federal rather than state law. His lawyer said “you might ultimately win that some time around your 80th birthday” (the guy was maybe 60 at the time).

                      So he went with the PR guy to minimize his exposure. A press event was mandatory, but he was counseled to dress really boring and read from a script in front of a camera - even local news stations avoid showing someone reading off a paper.

                      Another thing he did was feed the press “he works for a financial services company and she works in a dental office”. Obviously “he runs trading operations at Nasdaq and she is an oral surgeon” would have generated extra stories in its own right.

                      They were particularly worried about her, she wanted to leave her practice but was required by her partners to give two years notice, I think. They were worried she’d be the target of opportunistic lawsuits.

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      George KG 1 Reply Last reply
                      • jon-nycJ jon-nyc

                        @Jolly said in Who won the lottery?:

                        I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                        His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                        My friend, who split the winnings with his girlfriend (now wife), actually hired a PR person to minimize his exposure.

                        First he tried to avoid the attention at all by selling the ticket to investors. His lawyer said he can’t do that it’s against state law. So then my buddy (a former trader and by then an SVP at Nasdaq) asked if he could securitize the sale so that it would be governed by federal rather than state law. His lawyer said “you might ultimately win that some time around your 80th birthday” (the guy was maybe 60 at the time).

                        So he went with the PR guy to minimize his exposure. A press event was mandatory, but he was counseled to dress really boring and read from a script in front of a camera - even local news stations avoid showing someone reading off a paper.

                        Another thing he did was feed the press “he works for a financial services company and she works in a dental office”. Obviously “he runs trading operations at Nasdaq and she is an oral surgeon” would have generated extra stories in its own right.

                        They were particularly worried about her, she wanted to leave her practice but was required by her partners to give two years notice, I think. They were worried she’d be the target of opportunistic lawsuits.

                        George KG Offline
                        George KG Offline
                        George K
                        wrote on last edited by George K
                        #11

                        @jon-nyc said in Who won the lottery?:

                        was required by her partners to give two years notice

                        Slightly off-topic, but wow. I only had to give 90 days.

                        Did she continue to work after giving notice? I wouldn't have - statute of limitations and all that.

                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                        jon-nycJ 1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote on last edited by
                          #12

                          Im sure I’ve told this story before, but I had dinner with him maybe a year after he won and asked him what about his life was different.

                          He said “well I still go out to eat every night like before, at pretty much the same restaurants. But now, when they hand me the wine list, instead of starting at the top and reading my way down, I start at the bottom and read up”.

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          HoraceH 1 Reply Last reply
                          • George KG George K

                            @jon-nyc said in Who won the lottery?:

                            was required by her partners to give two years notice

                            Slightly off-topic, but wow. I only had to give 90 days.

                            Did she continue to work after giving notice? I wouldn't have - statute of limitations and all that.

                            jon-nycJ Online
                            jon-nycJ Online
                            jon-nyc
                            wrote on last edited by jon-nyc
                            #13

                            @George-K said in Who won the lottery?:

                            @jon-nyc said in Who won the lottery?:

                            was required by her partners to give two years notice

                            Slightly off-topic, but wow. I only had to give 90 days.

                            Did she continue to work after giving notice? I wouldn't have - statute of limitations and all that.

                            I think she finished most of her time if not all of it. She didn’t want to screw these guys as they were friends of decades. They had a lot of overhead they were jointly responsible for. Real estate, employees, equipment leases, etc.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • Aqua LetiferA Aqua Letifer

                              @LuFins-Dad said in Who won the lottery?:

                              @Jolly said in Who won the lottery?:

                              I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                              His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                              I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                              I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                              1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                              2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                              3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                              4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                              5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                              6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                              Isn't all that a tad excessive?

                              LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #14

                              @Aqua-Letifer said in Who won the lottery?:

                              @LuFins-Dad said in Who won the lottery?:

                              @Jolly said in Who won the lottery?:

                              I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                              His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                              I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                              I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                              1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                              2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                              3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                              4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                              5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                              6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                              Isn't all that a tad excessive?

                              Not at all. Read @jon-nyc s account. That jibes with what I've read about a lot of lottery winners as well as athletes and such that make it big, and that's nowhere near the type of wealth that this winner is bringing home.

                              The Brad

                              Aqua LetiferA 1 Reply Last reply
                              • jon-nycJ jon-nyc

                                Im sure I’ve told this story before, but I had dinner with him maybe a year after he won and asked him what about his life was different.

                                He said “well I still go out to eat every night like before, at pretty much the same restaurants. But now, when they hand me the wine list, instead of starting at the top and reading my way down, I start at the bottom and read up”.

                                HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote on last edited by
                                #15

                                @jon-nyc said in Who won the lottery?:

                                He said “well I still go out to eat every night like before, at pretty much the same restaurants. But now, when they hand me the wine list, instead of starting at the top and reading my way down, I start at the bottom and read up”.

                                And in a blind taste test, he wouldn't be able to tell which was the expensive one and which was the cheap one. Yep, that's how that works.

                                Education is extremely important.

                                MikM 1 Reply Last reply
                                • LuFins DadL LuFins Dad

                                  @Aqua-Letifer said in Who won the lottery?:

                                  @LuFins-Dad said in Who won the lottery?:

                                  @Jolly said in Who won the lottery?:

                                  I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                                  His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                                  I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                                  I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                                  1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                                  2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                                  3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                                  4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                                  5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                                  6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                                  Isn't all that a tad excessive?

                                  Not at all. Read @jon-nyc s account. That jibes with what I've read about a lot of lottery winners as well as athletes and such that make it big, and that's nowhere near the type of wealth that this winner is bringing home.

                                  Aqua LetiferA Offline
                                  Aqua LetiferA Offline
                                  Aqua Letifer
                                  wrote on last edited by
                                  #16

                                  @LuFins-Dad said in Who won the lottery?:

                                  @Aqua-Letifer said in Who won the lottery?:

                                  @LuFins-Dad said in Who won the lottery?:

                                  @Jolly said in Who won the lottery?:

                                  I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                                  His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                                  I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                                  I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                                  1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                                  2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                                  3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                                  4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                                  5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                                  6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                                  Isn't all that a tad excessive?

                                  Not at all. Read @jon-nyc s account. That jibes with what I've read about a lot of lottery winners as well as athletes and such that make it big, and that's nowhere near the type of wealth that this winner is bringing home.

                                  jon's friend did about 1/100th of what you suggested, and by his own account, it sounds like he's doing just fine without your half-baked Bourne Identity strategy.

                                  Please love yourself.

                                  IvorythumperI 1 Reply Last reply
                                  • Aqua LetiferA Aqua Letifer

                                    @LuFins-Dad said in Who won the lottery?:

                                    @Aqua-Letifer said in Who won the lottery?:

                                    @LuFins-Dad said in Who won the lottery?:

                                    @Jolly said in Who won the lottery?:

                                    I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                                    His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                                    I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                                    I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                                    1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                                    2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                                    3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                                    4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                                    5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                                    6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                                    Isn't all that a tad excessive?

                                    Not at all. Read @jon-nyc s account. That jibes with what I've read about a lot of lottery winners as well as athletes and such that make it big, and that's nowhere near the type of wealth that this winner is bringing home.

                                    jon's friend did about 1/100th of what you suggested, and by his own account, it sounds like he's doing just fine without your half-baked Bourne Identity strategy.

                                    IvorythumperI Offline
                                    IvorythumperI Offline
                                    Ivorythumper
                                    wrote on last edited by
                                    #17

                                    @Aqua-Letifer said in Who won the lottery?:

                                    @LuFins-Dad said in Who won the lottery?:

                                    @Aqua-Letifer said in Who won the lottery?:

                                    @LuFins-Dad said in Who won the lottery?:

                                    @Jolly said in Who won the lottery?:

                                    I've only known one person who won the lottery. Actually, I worked with his sister for years, I just met him a few times.

                                    His win was the Powerball and his lump sum payout was (IIRC) a bump over $14M. He was a successful small businessman in St. Louis and after winning the lottery, he literally had to leave town and hide out with his sister for a few weeks. Everybody wanted a piece of the winnings. Business propositions, charity solicitations, phone calls from people he hadn't seen in years, people knocking on his door day and night, wanting money for something.

                                    I don’t buy tickets, but I’ve had the same conversations we all have about what we would do…

                                    I told my wife that if we ever hit, we would do the following BEFORE ever turning in the ticket —-

                                    1. from our own cash, we would get on the first flight to Europe… Get out of town… Take a 6 week sabbatical…

                                    2. As soon as we settled in at the hotel I would hire a trusted attorney, detective, and money guy. The detective would be hired to investigate me and my wife… I want to find every single possible debt, every single possible claim against me, etc… and settle them. I would also want them to erase my public footprint as much as possible. I would want to be as invisible as possible (which would also likely include a lot of social media stuff disappearing),,,

                                    3. The house would go up for quick sale, I’m not going to quibble on getting every single dime. I just want it sold and quickly. It’s going to be hotel living or renting an apartment in an upscale building with security and a front desk for a bit…

                                    4. New cell numbers, new email addresses, etc… The old ones will stay active, but will be shut down within a few weeks of actually turning in the ticket…

                                    5. The financial guy will be there strictly an advisory position at first. Once I take the money, the idea is to keep this as simple as possible. Take reasonable steps to protect my family. Simple investments that I can easily track and watch myself…

                                    6. Charitable donations and familial and friend obligations will be handled through trusts primarily….

                                    Isn't all that a tad excessive?

                                    Not at all. Read @jon-nyc s account. That jibes with what I've read about a lot of lottery winners as well as athletes and such that make it big, and that's nowhere near the type of wealth that this winner is bringing home.

                                    jon's friend did about 1/100th of what you suggested, and by his own account, it sounds like he's doing just fine without your half-baked Bourne Identity strategy.

                                    Dude, it's an opportunity to totally reinvent yourself. It's FU money to everything and everyone in your past that you want to forget or don't want to keep dragging around.

                                    That said, we are products of all the myriad of choices we've made, and experiences and relationships that we've had, so we probably can't totally put the past behind us.

                                    Still, prepping for this in advance makes sense, because you never know... Coffin Escape.jpg

                                    1 Reply Last reply
                                    • Doctor PhibesD Offline
                                      Doctor PhibesD Offline
                                      Doctor Phibes
                                      wrote on last edited by
                                      #18

                                      I suspect the main difference in my life if I won a gazillion dollars is that EVERYBODY WOULD LAUGH AT MY FREAKING JOKES!

                                      I was only joking

                                      1 Reply Last reply
                                      • taiwan_girlT Offline
                                        taiwan_girlT Offline
                                        taiwan_girl
                                        wrote on last edited by
                                        #19

                                        Not the same lottery as reference above, but the below guy won the largest prize ever. After single cash payout and taxes, he got USD$629MM

                                        https://www.usatoday.com/story/money/2023/09/13/edwin-castro-powerball-winner-buys-third-home-los-angeles/70846125007/

                                        QUOTE
                                        Castro purchased a $25.5 million home a month after claiming his prize on a Hollywood Hills hillside, living close to Ariana Grande, Dakota Johnson and Jimmy Kimmel.

                                        He also purchased a $4 million Japanese-inspired house in Altadena, CA, his hometown. It's just a short drive from the Mobil gas station where he bought his winning Powerball ticket.

                                        Earlier this month, Castro bought his third house for $47 million from celebrity realtor Mauricio Umansky. The home boasts seven bedrooms, 11 bathrooms, a koi pond and a vast infinity pool. The property offers a panoramic view of the entire city of Los Angeles.

                                        1 Reply Last reply
                                        • LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #20

                                          Idiot

                                          The Brad

                                          Doctor PhibesD AxtremusA 2 Replies Last reply
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