640 effing million

Re: Five hundred effing million

George Mason band director?

 

Re: Five hundred effing million

As far as I can tell, these ultramega lottery jackpots are always but always won by senior citizens, usually super senior citizens. So most on the board will have to wait.

 

Re: Five hundred effing million

This could easily get to 600M by tomorrow.

And if there's no winner, is 1B out of the question for Tuesday? I'd imagine it would get close.

And personally if I won, I wouldn't want my name publicized. No news conference, no name in the paper, just put the name on the check, thank you, and I'll be on my way.

And a short list of impulse buys:

2M each to the 5 siblings of my wife and I. 2M each to our parents.

Probably would give 10 grand a person away to about 15-20 people here at work.

A Ferrari.

A FLA beach home, probably Clearwater.

Christen house, by hiring a big name band to play at beach party. Thinking REM, maybe KISS.


Probably would do some sort of contest on SportsJournalists.com and give a way 50K to the winner. Maybe a 50K sheep game.

Then, I'd invest a bunch, hope to grow it, and either buy an NHL team and move it to Atlanta or buy the Hawks (post Joe Johnson contract).

 

Re: Five hundred effing million

Considering my neighborhood, I don't want my name publicized either.

 

Re: Five hundred effing million

You wouldn't care about the penalty for moving if you won the lottery.

 

Re: Five hundred effing million

How much would The Breakers cost? I'd have an electric sub-compact stationed inside to get me to the kitchen.

 

Re: Five hundred effing million

I'm surprised there's such a difference between the lump sum and the present value of the $19 million annuity. By my rough calculation, the present value of the annuity is about $322 million, or $37 million less than the lump sum. But maybe that's a price a lot of people would pay for the security of a guaranteed mega-income stream.

Lottery winnings in Canada aren't taxed and jackpots aren't discounted, so I don't know the answer to this. But is the $359 million the after-tax figure?

 

Re: Five hundred effing million

I'd like to believe I wouldn't change the way I live, with the exception being able to afford to eat at better restaurants, fly first-class, stay in better hotels, etc. But I honestly think I'd try not to go overboard. I mean, I won't stop eating at Chili's just because I can afford to eat exclusively at 5-star restaurants. I'm not going to take up something I had no interest in doing just because I now have the money and the means.

I'd definitely take care of my parents, allow my dad to fully retire and build them a nice house in the middle of the country with every amenity they'd need. I'm not sure where we'd live, but wherever we settled down, I'd make sure we had a nice guest house for relatives.

Obviously I'd do all the cliche things like new house, new car, new wardrobe (maybe). Put a big chunk of it into a trust fund for my two boys. I'd probably buy vacation homes in our favorite vacation spots (Orlando, Pigeon Forge, Colorado). Definitely do some traveling overseas, probably months at a time.

Ideally, I'd take a year, maybe two off from the daily grind of working, then I'd figure out what I wanted to do with the rest of my life. I don't think I could go without working. I just can't keep still long enough. Maybe I'd open that sports bar/restaurant that's bouncing around in my head. Also thought about opening a recreation center for kids.

I'd donate a nice chunk to my high school alma mater for scholarships. I'd kick some money back to my church. I'd take care of some close, personal friends.

Then I think I'd fade away and try to live my life as anonymously as possible.

 

Re: Five hundred effing million

As someone said, make sure no one knows I won the damn thing. I'd tell my trusted relatives and closest friends, but no way do I have a press conference and get on the news. I'm not trying to get robbed, and with that much money in my possession, I don't really trust a lot of people. I'd delete my Facebook, Twitter, etc... just go completely off the grid. I don't want friends from elementary school tracking me down for money.

I'd live comfortably, not extravagantly, and put most of it in some kind of savings account. Pay off all of my debts, establish a scholarship at my college (not in my name, natch). Tell my mom to pick any oceanfront property she wants and I'd buy it. Put a million or so in a college trust fund for my brother. Clean up my relatives' credit.

The big rule: one-time payments for friends. I'll give my close friends a couple million and tell them that I love them dearly, but how they manage that is on their own. I'm not going to be an ATM.

I'd take care of my body. I haven't been able to go to the doctor much. I'd basically get everything checked out, fixed, etc. Gastric bypass and a personal trainer, too.

I've got the goal of seeing all MLB ballparks. I'd do that in one season. I'd buy a nice car, but not the most expensive, just a considerable upgrade from my jalopy. Donate to some charities. After that? Baseball season tickets for life.

 

Re: Five hundred effing million

In my state, we don't have that option, you have to do it. Also, I could hardly expect colleagues to not out me in the paper -- they print the names and run photos of the other newly rich bastards and they can't favor one of their own.

 

Re: Five hundred effing million

I don't know if there is a difference between a $1,000 bottle of wine and the $12 stuff I usually drink, but I'd damn sure find out.

 

Re: Five hundred effing million

A lot of you keep saying you would get in shape and get healthy.

You are aware, I hope, that you don't need to win a $500m lottery to do so?