Are you buying a billion dollar Mega Millions ticket?

albionmoonlight · 07-28-2022, 10:44 AM

I'm not normally a player, but now that the jackpot has crossed an arbitrary threshold, I'll probably pick one up just to be part of whatever zeitgeist is created.

Lathum · 07-28-2022, 11:14 AM

I'll get $20 worth then forget I bought it and panic once I remember I did but don't remember where I put the ticket.

stevew · 07-28-2022, 11:14 AM

We can buy on phone here so I’ll grab 5 of them.

sovereignstar v2 · 07-28-2022, 11:50 AM

4, 8, 15, 16, 23, 42

Ksyrup · 07-28-2022, 12:06 PM

We play every now and then, but have bought tickets for the past 3 drawings as the amount crept up.

albionmoonlight · 07-28-2022, 12:13 PM

Quote:

Originally Posted by Lathum

I'll get $20 worth then forget I bought it and panic once I remember I did but don't remember where I put the ticket.

I once bought one on a road trip, put it in my wallet and forgot about it. By the time I discovered it, the time for turning it in had passed. So I threw it away without checking it b/c man that would be hard to get over.

Lathum · 07-28-2022, 12:14 PM

I had a heated discussion a few years back with some coworkers when it got stupid high. I honestly am not sure I would want to win that much money. Life is a complex ecosystem and I am extremally happy where we are. I love my family and friends, we are financially secure, on track for a nice retirement, live in a great community, etc...

You win that kind of money you can never trust another person again. People would come out of the woodwork, etc...it has the potential to destroy every relationship in your life. I think 10-12 million is the sweet spot.

Lathum · 07-28-2022, 12:15 PM

Quote:

Originally Posted by albionmoonlight

I once bought one on a road trip, put it in my wallet and forgot about it. By the time I discovered it, the time for turning it in had passed. So I threw it away without checking it b/c man that would be hard to get over.

good move.

It is like being at the track, if you bet the wrong horse you have to just roll with it.

Kodos · 07-28-2022, 12:48 PM

I’m waiting for it to get big.

sovereignstar v2 · 07-28-2022, 12:55 PM

That's what she said.

GrantDawg · 07-28-2022, 03:07 PM

sovereignstar gets a cookie.

MIJB#19 · 07-28-2022, 03:45 PM

Quote:

Originally Posted by sovereignstar v2

4, 8, 15, 16, 23, 42

I thought I didn't exactly memorize the exact numbers, but I caught the reference immediately. Despite that it's over 12 years ago I saw the last of it. Freaky.

Flasch186 · 07-28-2022, 03:47 PM

I’m in for $200

Sent from my iPhone using Tapatalk

cuervo72 · 07-28-2022, 03:49 PM

Yeah, picked up $10 of numbers at the supermarket. (Didn't know it was all touchscreen now. Confused me for a bit.)

albionmoonlight · 07-29-2022, 06:57 AM

Everyone says the first thing you should do if you win the Mega Millions is hire a lawyer. I am a lawyer. I will be your lottery lawyer. I have no idea what to do but we gonna have a good time.
— Lady Lawya (@Parkerlawyer) July 28, 2022

Kodos · 07-29-2022, 09:56 AM

Spent 6 bucks. Now it's time to sit back and count my stacks of cash...

Ksyrup · 07-29-2022, 09:59 AM

Quote:

Originally Posted by Lathum

I had a heated discussion a few years back with some coworkers when it got stupid high. I honestly am not sure I would want to win that much money. Life is a complex ecosystem and I am extremally happy where we are. I love my family and friends, we are financially secure, on track for a nice retirement, live in a great community, etc...

You win that kind of money you can never trust another person again. People would come out of the woodwork, etc...it has the potential to destroy every relationship in your life. I think 10-12 million is the sweet spot.

I'll take that chance. I don't trust many people to begin with, and let even fewer into my life now, so...

NobodyHere · 07-29-2022, 10:26 AM

Quote:

Originally Posted by Lathum

I had a heated discussion a few years back with some coworkers when it got stupid high. I honestly am not sure I would want to win that much money. Life is a complex ecosystem and I am extremally happy where we are. I love my family and friends, we are financially secure, on track for a nice retirement, live in a great community, etc...

You win that kind of money you can never trust another person again. People would come out of the woodwork, etc...it has the potential to destroy every relationship in your life. I think 10-12 million is the sweet spot.

Yeah, I can't say I'm as successful as I want to be in life but still I would have to be guaranteed secrecy if I were to win a huge sum of money.

JonInMiddleGA · 07-29-2022, 10:41 AM

Quote:

Originally Posted by Ksyrup

I'll take that chance. I don't trust many people to begin with, and let even fewer into my life now, so...

This, times roughly one billion (pre-tax, pre-lump sum deduction)

Money, alas, doesn't fix literally everything.
This sort of money does however improve a great deal of things exponentially.

cuervo72 · 07-29-2022, 11:27 AM

Yeah, I honestly don't interact with a whole lot of people outside of work, and even that now is 100% online (well, 98%, there are sometimes TopGolf outings). I also deal with very few relatives.

Honestly, I'd probably opt for the annuity. I don't really want all that much, outside of some cars that aren't 15 years old, a house where you don't immediately know cats have lived in it, and the ability to pay everything off. I'd be more than cool with getting however many million or so per year until I die. I mean, how the hell do you "invest" $400M or whatever? I feel like I'd just lose track of it. (As it is now remembering where all my 401Ks are is tricky enough.)

Also, Maryland is an anonymous state, so that's nice. I'd probably continue to work for a little while, fix some things up in the house, maybe get a second house somewhere that's not too extravagant, replace the minivan, redo some things in the house. Or even just move to another slightly nicer house in-state. Maybe go to a few more ballgames.

albionmoonlight · 07-29-2022, 11:36 AM

NC is not an anonymous state. But I figure with that kind of money, I could get a top NYC law firm to put it in trusts inside of trusts inside of trusts to try make make it anonymous.

Would be a good problem to have.

sterlingice · 07-29-2022, 11:50 AM

How do you mess with taxes on something like this. Heck, how do you go find a tax lawyer who can handle messing with something like this?

SI

albionmoonlight · 07-29-2022, 12:02 PM

Quote:

Originally Posted by sterlingice

How do you mess with taxes on something like this. Heck, how do you go find a tax lawyer who can handle messing with something like this?

SI

Completely serious--go here and pick a name off the list: List of largest law firms by revenue - Wikipedia

These mega firms know how to deal with money at this level. They mainly focus on corporate law, but they also take care of the personal finances of the CEOs of those corporations. They will appreciate, and not be intimidated by, your business.

Ksyrup · 07-29-2022, 12:12 PM

Even in your area, there are likely attorneys and financial planners who specifically deal with high net worth individuals. I have a couple attorneys in mind in my area who I know represent people in the horse industry. They are well familiar with how to handle multi-multi million dollar estates.

View Poll Results: Are you buying a Mega Millions ticket?
Yes--I generally play the lottery	2	7.69%
Yes--I don't generally play, but a billion seems fun	16	61.54%
No--I never play for religious or mathematical reasons	6	23.08%
If I need to run out for some trout, I might pick up a ticket	2	7.69%
Voters: 26. You may not vote on this poll

07-28-2022, 12:06 PM	#5
Ksyrup This guy has posted so much, his fingers are about to fall off. Join Date: Nov 2000 Location: In Absentia	We play every now and then, but have bought tickets for the past 3 drawings as the amount crept up. __________________ M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete."

07-28-2022, 12:48 PM	#9
Kodos Resident Alien Join Date: Jun 2001	I’m waiting for it to get big. __________________ Author of The Bill Gates Challenge, as well as other groundbreaking dynasties.

07-28-2022, 03:47 PM	#13
Flasch186 Coordinator Join Date: May 2002 Location: Jacksonville, FL	I’m in for $200 Sent from my iPhone using Tapatalk __________________ Jacksonville-florida-homes-for-sale Putting a New Spin on Real Estate! ----------------------------------------------------------- Commissioner of the USFL USFL

07-28-2022, 03:49 PM	#14
cuervo72 Head Coach Join Date: Dec 2002 Location: Maryland	Yeah, picked up $10 of numbers at the supermarket. (Didn't know it was all touchscreen now. Confused me for a bit.) __________________ null

07-28-2022, 11:14 AM	#2
Lathum Favored Bitch #1 Join Date: Dec 2001 Location: homeless in NJ	I'll get $20 worth then forget I bought it and panic once I remember I did but don't remember where I put the ticket.

07-28-2022, 11:14 AM	#3
stevew Hall Of Famer Join Date: Dec 2003 Location: the yo'	We can buy on phone here so I’ll grab 5 of them.

07-28-2022, 11:50 AM	#4
sovereignstar v2 hates iowa Join Date: Oct 2010	4, 8, 15, 16, 23, 42

07-28-2022, 12:14 PM	#7
Lathum Favored Bitch #1 Join Date: Dec 2001 Location: homeless in NJ	I had a heated discussion a few years back with some coworkers when it got stupid high. I honestly am not sure I would want to win that much money. Life is a complex ecosystem and I am extremally happy where we are. I love my family and friends, we are financially secure, on track for a nice retirement, live in a great community, etc... You win that kind of money you can never trust another person again. People would come out of the woodwork, etc...it has the potential to destroy every relationship in your life. I think 10-12 million is the sweet spot.

07-28-2022, 12:55 PM	#10
sovereignstar v2 hates iowa Join Date: Oct 2010	That's what she said.

07-28-2022, 03:07 PM	#11
GrantDawg World Champion Mis-speller Join Date: Nov 2000 Location: Covington, Ga.	sovereignstar gets a cookie.

07-29-2022, 06:57 AM	#15
albionmoonlight Head Coach Join Date: Oct 2000 Location: North Carolina	Everyone says the first thing you should do if you win the Mega Millions is hire a lawyer. I am a lawyer. I will be your lottery lawyer. I have no idea what to do but we gonna have a good time. — Lady Lawya (@Parkerlawyer) July 28, 2022

07-29-2022, 09:56 AM	#16
Kodos Resident Alien Join Date: Jun 2001	Spent 6 bucks. Now it's time to sit back and count my stacks of cash... __________________ Author of The Bill Gates Challenge, as well as other groundbreaking dynasties.

07-29-2022, 11:27 AM	#20
cuervo72 Head Coach Join Date: Dec 2002 Location: Maryland	Yeah, I honestly don't interact with a whole lot of people outside of work, and even that now is 100% online (well, 98%, there are sometimes TopGolf outings). I also deal with very few relatives. Honestly, I'd probably opt for the annuity. I don't really want all that much, outside of some cars that aren't 15 years old, a house where you don't immediately know cats have lived in it, and the ability to pay everything off. I'd be more than cool with getting however many million or so per year until I die. I mean, how the hell do you "invest" $400M or whatever? I feel like I'd just lose track of it. (As it is now remembering where all my 401Ks are is tricky enough.) Also, Maryland is an anonymous state, so that's nice. I'd probably continue to work for a little while, fix some things up in the house, maybe get a second house somewhere that's not too extravagant, replace the minivan, redo some things in the house. Or even just move to another slightly nicer house in-state. Maybe go to a few more ballgames. __________________ null

07-29-2022, 11:36 AM	#21
albionmoonlight Head Coach Join Date: Oct 2000 Location: North Carolina	NC is not an anonymous state. But I figure with that kind of money, I could get a top NYC law firm to put it in trusts inside of trusts inside of trusts to try make make it anonymous. Would be a good problem to have.

07-29-2022, 11:50 AM	#22
sterlingice Hall Of Famer Join Date: Apr 2002 Location: Back in Houston!	How do you mess with taxes on something like this. Heck, how do you go find a tax lawyer who can handle messing with something like this? SI __________________ Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!"

07-29-2022, 12:12 PM	#24
Ksyrup This guy has posted so much, his fingers are about to fall off. Join Date: Nov 2000 Location: In Absentia	Even in your area, there are likely attorneys and financial planners who specifically deal with high net worth individuals. I have a couple attorneys in mind in my area who I know represent people in the horse industry. They are well familiar with how to handle multi-multi million dollar estates. __________________ M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete."

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