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Post by LilyRose on Oct 24, 2018 14:55:24 GMT
It’s certainly fun to dream of what you’d do with the money, isn’t it? I think I’m in the camp of people who’d like to see the mega-jackpots split into $10-20 million chunks. But it’s the huge jackpots that get the publicity that drives the lottery higher, so I don’t think they’ll ever change it. I too debated whether I’d even want to win a jackpot so high...the notoriety! Everyone would be asking for money! I remember watching an episode of Lottery Changed My Life, and they interviewed a real ordinary joe who’d won the lottery. He owned a small auto repair shop. After he won, he was hearing from people whose cars he’d repaired years earlier. They wanted refunds because “he didn’t need their money anymore.” I wish more states allowed winners to remain anonymous. And yes, it would be consuming to manage that money. Hire people all you want to do that job, but I sure hope they are trustworthy. Haven’t we all heard stories of celebrities who were swindled by their business managers?
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Post by MichyM on Oct 24, 2018 15:11:23 GMT
I don’t buy tix so I can’t win, but I was already planning what to do with it There was a blurb on the news last night about several different big winners and how they had each done good with their money. One couple lived in a town without a grocery store, so in order to help the community they built and opened a store. They also built a HS football stadium, and a few other things. Wouldn’t it be nice to be able to throw 5M here and there at pet projects?!?
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Post by chlerbie on Oct 24, 2018 15:19:24 GMT
Yeah, I'd be overjoyed to win.
We have a family friend who won 7 million dollars. Life became super chaotic for her. She was getting tons of mail every day from strangers, just asking for a couple of hundred dollars since she had so much. She decided that she would gift her family 10,000 each, which would be tax free for them at that amount--and had planned to do that in increments yearly. She then gave an uncle, who was disabled and unable to work an extra 10,000 and the rest of the family flipped because he got more. She had also helped her sister set up a business--and she was STILL mad that the uncle got more money. Eventually, she just couldn't take it and moved across the country. She only kept in contact with her parents. It was crazy.
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Post by PolarGreen12 on Oct 24, 2018 15:21:35 GMT
I’m on the bench with dewryce also...I’d be fine with all that money. I would open up a killer animal rescue sanctuary money can buy...I have many dreams for it. An animal sanctuary is one of the things my Mom and I planned with any day dreaming lottery wins.
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craswell
Junior Member
Posts: 79
Sept 28, 2016 13:45:06 GMT
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Post by craswell on Oct 24, 2018 15:37:31 GMT
I would not want to win either. That much money changes everything. Even if *you* manage not to change, your relationships with friends/family/acquaintances will change. Your children's relationships with their peers will change. I don't need to introduce that level of change into my life.
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Deleted
Posts: 0
May 6, 2024 21:32:50 GMT
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Post by Deleted on Oct 24, 2018 15:47:41 GMT
the very nasty side of would have lived. the money do I could buy the company my brother works for and fire him. Don’t worry he has inheritance he can live off. The inheritance he was directed by my mother’s will to split with me.
That type of money would have let me open my grocery store chain.
And buy a big fence.
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Deleted
Posts: 0
May 6, 2024 21:32:50 GMT
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Post by Deleted on Oct 24, 2018 15:54:57 GMT
I would not want to win either. That much money changes everything. Even if *you* manage not to change, your relationships with friends/family/acquaintances will change. Your children's relationships with their peers will change. I don't need to introduce that level of change into my life. None of my family talks to me, so nothing would change there. My daughter had always believes she is bill gates rich. So that would not change. Now my son? He retired when he graduated high school and a couple years to get him going. He works for a guy that needs to grow his business. I would make that happen. Pea gatherings could become a a thing. There would be money to help those peas who could not afford to get there. And money for home care for peas who have special need children, so they could travel. ( I think that this is my new favorite)
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Post by gmcwife1 on Oct 24, 2018 16:39:06 GMT
I hope it's a big group of people that will share. Me too! Though it was not our office pool, bummer I’m just shocked at how much money people will put into winning. GMA showed someone that bought over $5000 worth of tickets I put $2.00 into our office pool the last two draws
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Post by gmcwife1 on Oct 24, 2018 16:50:06 GMT
I don’t buy tix so I can’t win, but I was already planning what to do with it There was a blurb on the news last night about several different big winners and how they had each done good with their money. One couple lived in a town without a grocery store, so in order to help the community they built and opened a store. They also built a HS football stadium, and a few other things. Wouldn’t it be nice to be able to throw 5M here and there at pet projects?!? I loved that segment! Reminded me that I would have loved to buy our town market that was closed and sold when the owner passed away. It’s now going to be developed into what is causing a lot of controversy in our town Town growth is a huge issue right now!
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Post by alexa11 on Oct 24, 2018 16:52:23 GMT
I've been hearing that it was sold in Gray Court- a tiny little town close to Laurens. But who knows? I know it wasn't me and I'm close to both of those towns! No- my mom just heard Simpsonville on the news! So, he was closer than I was.
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Post by papersilly on Oct 24, 2018 17:00:00 GMT
for the last 10 years or so, my dad has spent a majority of his time living overseas in a country where kidnappings are not unusual. we always joked that we could never win the lottery because he would get kidnapped the minute we did. fortunately, my dad is back for good so i guess i should take a moment to notify the lottery gods that they are free to let me get all six numbers anytime now. LOL
but seriously, i think $1.6 billion was too much for one person to win. i always thought that $10-$50 million was more than enough for one person to win. i was glad to hear this morning that South Carolina is one of those states that will keep the identity of the winner private. if i were the winner, i would choose that option.
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Post by revirdsuba99 on Oct 24, 2018 17:06:10 GMT
I wish these lotteries did not get so big. I would love to see 320 people win $5 million or 160 people win $10 million rather than one person win 1.6 billion. $5 million would be plenty for us to live very comfortably without working for the rest of our lives. $5-10M would be good... The whole amount is plain unmanageable. Share the wealth!
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Post by alsomsknit on Oct 24, 2018 17:12:13 GMT
I don’t buy tix so I can’t win, but I was already planning what to do with it There was a blurb on the news last night about several different big winners and how they had each done good with their money. One couple lived in a town without a grocery store, so in order to help the community they built and opened a store. They also built a HS football stadium, and a few other things. Wouldn’t it be nice to be able to throw 5M here and there at pet projects?!? This is what I would do. Thing that would help and improve the town. I’d pay off the football field and give a nice donation to the boy’s marching band. The band is always running on a shoe string budget. And, I would like to buy a couple of buildings on Main Street. Improve the upstairs areas for housing and the ground floor as a Cat Sanctuary/Adoption center and Petting Place for those who can’t have a cat for whatever reason. There is so much help for dogs in this area and no decent ones for the cats. The only family that would be receiving money is college funds for the nieces and nephews. Though, dh’s Mom and Dad would be taken care of, as they have always been there for us.
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Post by bc2ca on Oct 24, 2018 17:13:25 GMT
I'm devastated. I forgot to buy a ticket and am having trouble with the "what ifs" today. What if I'd stopped at the Arco and bought a split second ahead of the winner. I don't think I can get out of bed today.
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Post by mom on Oct 24, 2018 17:21:19 GMT
A friend of ours won $74 million (bought a ticket with dad and 8 others), and his life was hell for awhile. Everyone wanted something. Eventually it became known that he wasn't giving anyone, any money. Winning the lottery has actually made him a very hateful guy. We used to ride Harleys' with him, but now all he does is sit in his office at home and stew. He is now paranoid all the time and a miserable man. His wife, on the other hand, goes all over the world. They actually kept their pre-lottery house and still live in it which surprised me.
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azredhead
Drama Llama
Posts: 5,755
Jun 25, 2014 22:49:18 GMT
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Post by azredhead on Oct 24, 2018 18:06:18 GMT
Yup would have loved to have it too, even if it was the smaller amount. Theres a Million dollar one here sold in west Phoenix area. south of Camelback. . I'd even take that! I'd pay off our insurance claims that are stressing us out right now, with the remodel. Turn our back yard into a resort. Pay off medical bills and Dh can start his own firm with his lawyer/friend boss. Oh yea and Green Bay Packers season tickets and a small house there for games. Maybe part owner but I know that's almost impossible with the way it works now.That's all. ..
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Post by CarolinaGirl71 on Oct 24, 2018 18:09:19 GMT
A coworker of mine lives in Greenville, where the winning ticket was sold I've been hearing that it was sold in Gray Court- a tiny little town close to Laurens. But who knows? I know it wasn't me and I'm close to both of those towns! I heard it was sold in Simpsonville - near the same area! SaveSave
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Post by busy on Oct 24, 2018 18:09:57 GMT
A friend of ours won $74 million (bought a ticket with dad and 8 others), and his life was hell for awhile. Everyone wanted something. Eventually it became known that he wasn't giving anyone, any money. Winning the lottery has actually made him a very hateful guy. We used to ride Harleys' with him, but now all he does is sit in his office at home and stew. He is now paranoid all the time and a miserable man. His wife, on the other hand, goes all over the world. They actually kept their pre-lottery house and still live in it which surprised me. I personally think that extraordinary circumstances - good and bad - bring out what's already in people, but may be hidden.
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Post by busy on Oct 24, 2018 18:11:04 GMT
I've been hearing that it was sold in Gray Court- a tiny little town close to Laurens. But who knows? I know it wasn't me and I'm close to both of those towns! I heard it was sold in Simpsonville - near the same area! SaveSaveI think he posted about it in group chat before it was announced and turned out to be wrong. He's probably happier that he was wrong than wondering if he'd bought his ticket at a different time of day if it could have been him
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Post by mom on Oct 24, 2018 18:19:01 GMT
A friend of ours won $74 million (bought a ticket with dad and 8 others), and his life was hell for awhile. Everyone wanted something. Eventually it became known that he wasn't giving anyone, any money. Winning the lottery has actually made him a very hateful guy. We used to ride Harleys' with him, but now all he does is sit in his office at home and stew. He is now paranoid all the time and a miserable man. His wife, on the other hand, goes all over the world. They actually kept their pre-lottery house and still live in it which surprised me. I personally think that extraordinary circumstances - good and bad - bring out what's already in people, but may be hidden. You are probably right. He was so down to earth before and now its like he is a prisoner to his money. Sad, really.
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Post by MichyM on Oct 24, 2018 18:30:39 GMT
I’m curious. IF I played the lottery, and IF I won a substantial amount, the very first thing I would do (after calling my son of course) would be to hire professionals who have experience working with large lottery winners.
Isn’t there a way to set up a corporation or something to shield your identity when the funds are claimed? I thought there was, even in states where your identity is typically disclosed. Does anyone know?
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NoWomanNoCry
Drama Llama
Posts: 5,856
Jun 25, 2014 21:53:42 GMT
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Post by NoWomanNoCry on Oct 24, 2018 19:08:26 GMT
I'm devastated. I forgot to buy a ticket and am having trouble with the "what ifs" today. What if I'd stopped at the Arco and bought a split second ahead of the winner. I don't think I can get out of bed today. I knew a lady who was a manager of a grocery store and she would play the lotto weekly the same exact numbers...well she never missed a week because it was easy for her to pick up a ticket at work when leaving out but the one time she did miss her weekly ticket and when she woke up the next day she realized it then looked at the numbers and it was HER numbers. I’ll necer forgot how heartbroken she was..it messed with her so bad she took off work for a week. She was one that could have really used the money also which made it worse.
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Post by busy on Oct 24, 2018 19:55:48 GMT
I’m curious. IF I played the lottery, and IF I won a substantial amount, the very first thing I would do (after calling my son of course) would be to hire professionals who have experience working with large lottery winners. Isn’t there a way to set up a corporation or something to shield your identity when the funds are claimed? I thought there was, even in states where your identity is typically disclosed. Does anyone know? Yes, you often can collect under an anonymous trust, LLC or the like.
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AmeliaBloomer
Drama Llama
Posts: 6,842
Location: USA
Jun 26, 2014 5:01:45 GMT
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Post by AmeliaBloomer on Oct 24, 2018 20:15:24 GMT
They actually kept their pre-lottery house and still live in it which surprised me. My lottery plan (full disclosure: people think it’s dumb) has always been to move up to whatever material trappings I was already jonesing after. So, buy a house that costs a couple hundred thousand more than the one you have; don’t buy a mansion. Buy a Tesla, not a Rolls Royce. Take a trip to Hawaii instead of buying a villa in the Italian Riviera. tl;dr: Incremental. Enjoy the steps. Pass GO once and enjoy spending your $200 instead of immediately buying the rights to the Monopoly game.
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Post by dewryce on Oct 24, 2018 20:25:15 GMT
They actually kept their pre-lottery house and still live in it which surprised me. My lottery plan (full disclosure: people think it’s dumb) has always been to move up to whatever material trappings I was already jonesing after. So, buy a house that costs a couple hundred thousand more than the one you have; don’t buy a mansion. Buy a Tesla, not a Rolls Royce. Take a trip to Hawaii instead of buying a villa in the Italian Riviera. tl;dr: Incremental. Enjoy the steps. Pass GO once and enjoy spending your $200 instead of immediately buying the rights to the Monopoly game. Nope I'm with you. We'd probably buy a house in a (really nice but not palatial) neighborhood down the street. And just be able to do more of the things we already love doing. We have season tickets for the Theater in San Antonio and we travel to other Texas cities to see other shows (Book of Mormon in January in Houston *squee*). We flew to NYC to see Rent on a whim. Now we'd just get to do that more often. Have had season tickets to the Spurs before, now we'd get them AND Steelers. I drive a Toyota Highlander but id love a Sequoia. Donated small amounts to Beto as we could...that for sure would go up. And I'd pull the trigger on my Sephora cart instead of just staring longingly at it A large group of my in-laws tend to meet at State Parks to go camping at least once a year. Now we can do that in Washington instead of always Texas. And, if legal, we'd work with more than one surrogate at a time to up our chances of having a child, and maybe even two before we get too much older. Our life, just amped up a bit.
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Anita
Drama Llama
Posts: 5,643
Location: Kansas City -ish
Jun 27, 2014 2:38:58 GMT
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Post by Anita on Oct 24, 2018 20:25:28 GMT
I would have been just fine winning.
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Post by papersilly on Oct 24, 2018 20:28:33 GMT
for me, winning that kind of lottery amount is an opportunity to create generational wealth. i don't have any children but i have siblings with children and someday, they will have children of their own.
i would do what Kennedy Sr. did and create a system of trusts. this will ensure that people have money but not all at once so that some ding dong doesn't blow it all on stupid stuff and have nothing for the future.
if i had won the billion dollar lottery, the principle would remain mostly untouched with some invested. our daily living expenses will be derived from the earnings on the principle and any endowments to family would come from that too. after paying taxes on the cash value of $913 million (assuming 30% Federal), even a modest 2% earning on the principle balance will yield $10 million a year. way way more than enough to fund an extended family and still make charitable contributions. a smart financial adviser can certainly make that yield bigger.
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Post by ScrapbookMyLife on Oct 24, 2018 20:53:49 GMT
I would love to be the winner of a crazy large jackpot. I have given some thought to what I would do, if I were the lucky one.
If possible, I would remain anonymous. I read that some State have laws in regard to remaining anonymous(or not).
I would set it up, so that I would have monthly deposit into several "spending money/living expenses" accounts (best to not keep it all in one account). I am in my 50's, so I would figure it on 50 more years x $ "Whatever I want to give myself monthly".
I would have one home only, that would be my home base. It would be a piece of property with several small houses, that way a caretaker could live on premises. I would travel, coming and going whenever I wanted to. Sometimes for a couple days, sometimes I would do extended trips.
There are people who I considered to "my people" meaning in my inner circle. Meaning the "I've got your back" no matter what people. I would give them each a large lump sum to be used however they see fit. This amount, if used wisely would allow them to live comfortable for the rest of their lives.
There are people who I consider to be "my people" in my extended inner circle. I would give them various amount based on my relationship with them.
I would set up a foundation/account called "The Money Fairy" and give money randomly to people. I would give anonymous donations to people and places.
There are people in my Family who have treated me poorly my whole life, I wouldn't give them a penny.
If I were to win a larger amount, my core being wouldn't change. I would still essentially live simply. I wouldn't waste money in ridiculous ways. My one splurge would be first class airline tickets while travelling. I would stay in reasonably priced hotels. But I would still drive a smaller sedan or suv. I would still eat plain. I would still shop at Ross.
I am a believer of >> "No" is a complete sentence.
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Post by redshoes on Oct 24, 2018 20:54:10 GMT
Yeah, I'd be overjoyed to win. We have a family friend who won 7 million dollars. Life became super chaotic for her. She was getting tons of mail every day from strangers, just asking for a couple of hundred dollars since she had so much. She decided that she would gift her family 10,000 each, which would be tax free for them at that amount--and had planned to do that in increments yearly. She then gave an uncle, who was disabled and unable to work an extra 10,000 and the rest of the family flipped because he got more. She had also helped her sister set up a business--and she was STILL mad that the uncle got more money. Eventually, she just couldn't take it and moved across the country. She only kept in contact with her parents. It was crazy. That's pretty sad overall that people (FAMILY!!!) can get so greedy and petty when they have already been given a lot!!
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Deleted
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May 6, 2024 21:32:50 GMT
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Post by Deleted on Oct 24, 2018 21:44:25 GMT
I personally think that extraordinary circumstances - good and bad - bring out what's already in people, but may be hidden. You are probably right. He was so down to earth before and now its like he is a prisoner to his money. Sad, really. Don’t understand why he turned so grouchy? Does he need to learn that it was okay to win? It’s okay to spend it?
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