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Powerball is $500 million

this is always the funnest part of the lotteries...imagining what life would be like.

I think we've established in similar threads of the past, I'd ruin my life, but have a hell of a time doing it.
 
Ironically, I'd probably quit riding. I wouldn't want the added risk of dying or worse, being paralyzed. I'd find another hobby I'm sure.
 
I'd do two chicks at the same time....
 

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I'd quit my job and get my national soccer coaching license.
 
After taxes and probably all the other bullshit you'd likely walk out with 180-200 million in the bank.

Speaking of which, THAT is what I've always been curious about. FDIC only guarantees $250K per bank account or something like that. Where the hell do you park 200 million cash?
 
I'd fuck up. Its too much money too much pressure.
I don't even fantasize about such sums. I want more money so my life would be more simple and stress free and so I can experience the things I always wanted too, like travel. Not an army of people around me to help me manage my life.
In the long run, 10-20 mil invested right would allow me to live the life I want.
I think Bill Gates said that once you are worth 10mil life quality does not get that much better if you have 100mil or a billion.
 
mikev said:
Speaking of which, THAT is what I've always been curious about. FDIC only guarantees $250K per bank account or something like that. Where the hell do you park 200 million cash?
Click to expand...

Coffee cans out back. Duh.
 
mikev said:
Speaking of which, THAT is what I've always been curious about. FDIC only guarantees $250K per bank account or something like that. Where the hell do you park 200 million cash?
Click to expand...

Brokerage accounts
 
If I won:

Large piece of property up north.

Build bad ass house with a huge, separate, garage/work space. Radiant flooring throughout, solar panels, generators.

Fill it with all sorts of bikes.

Build big ass dirt track.

Buy lots of guns and a range to shoot them at.

Travel a bunch. Maybe spend a year following MotoGP.
 
mikev said:
After taxes and probably all the other bullshit you'd likely walk out with 180-200 million in the bank.

Speaking of which, THAT is what I've always been curious about. FDIC only guarantees $250K per bank account or something like that. Where the hell do you park 200 million cash?
Click to expand...

There is an entire Financial Industry most people hate that is based on answering that question. The obvious answer is, you don't just have it sitting on a checking or savings account, hanging around waiting for you to spend it like regular 9-5 young folks does with their cash. Money is typically a game of momentum. The more you have the easier it is to get, so at that level of inertia, you can move quite a few things to gather more.

Corb said:
I'd fuck up. Its too much money too much pressure.
I don't even fantasize about such sums. I want more money so my life would be more simple and stress free and so I can experience the things I always wanted too, like travel. Not an army of people around me to help me manage my life.
In the long run, 10-20 mil invested right would allow me to live the life I want.
I think Bill Gates said that once you are worth 10mil life quality does not get that much better if you have 100mil or a billion.
Click to expand...

That depends ENTIRELY how much you care about real power and how much you intend to use it. This Powerball is a payout to be what I call Politically Rich. That is to say that you are not just set for life, but with generational wealth, so wealthy you can single handedly impact American politics in an actual observable fashion on some scale. Being worth $3-10 million is kind of nice these days, might get you invited to a nice political fund raiser outside of the Bay Area or New York. Now $200-300 Million? Those guys can get private meetings with B and C list Congress people. Those are guys that the Governor of a State might actually personally return a letter to.
 
mikev said:
After taxes and probably all the other bullshit you'd likely walk out with 180-200 million in the bank.

Speaking of which, THAT is what I've always been curious about. FDIC only guarantees $250K per bank account or something like that. Where the hell do you park 200 million cash?
Click to expand...


50% in GPRO
50% in TSLA
 
Eldritch said:
There is an entire Financial Industry most people hate that is based on answering that question. The obvious answer is, you don't just have it sitting on a checking or savings account, hanging around waiting for you to spend it like regular 9-5 young folks does with their cash.
Click to expand...

Tell that to Floyd Mayweather. Apparently his $200M is all sitting in a single checking account!
 
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