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Best part about winning the Lottery?

frankcastle

Well-known member
Feb 4, 2003
17,887
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50 million at 2% is 1 million a year for the rest of your life. With an advisor you could do better than that.

I'd probably give away 10 million to friends and family and live off of 800K for the rest of my life. At 800K, I'd take what I don't spend for the year and invest it.

For friends and family you'd erase any credit debt and help them with their mortgage or allow them to have a down payment. That's life changing.
 

Smash

Active member
Apr 20, 2005
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Especially cars... Do you know how much insurance you have to pay when you buy a ferrari? Do you know how fast your money will run out? Why do you think OLGC assigns all big lottery winners a financial advisor.
Funny jus last night I was talking to my friend who works for VW/Audi. He told me that the R8 costs $16,000:Eek: for a brake job.
 

Smash

Active member
Apr 20, 2005
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Looking all the people in the face while laughing hysterically when they TRY to mootch off of me... That will be priceless.
 

FatOne

Banned
Nov 20, 2006
3,474
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What if the jackpot is split into many winners? I'm guessing you are single, and never plan on getting close except for lottery money?
Oh no 25 million. Won't somebody please think of the children.
A 2.5 million dollar home, 1 hour of paid coitus a day, 1 stupidly expensive car vs 2, 1 full time general servant, 150 bucks a day for restaurant food. Noooo! I think I could deal.

As for the single comment.
1: If I were involved I wouldn't have to pay for the coitus, or at least I could cut back that expense a LOT, 200K extra a year would easily pay for a wife and kids, considering home and transport is covered.
2: You can't, nor should you buy friends.
3: Those numbers are ones I tossed out for general consideration, to demonstrate just how hard one would have to work to blow 50 million bucks, or even 25. To show that your reaction was just plain wrong. They are not my personal numbers.

3a::I'd rent a 2 bedroom in the downtown TO, 1 2 hour coitus session a day, a Lexus or more likely something like an Accent or a Yaris + renting something nice for road trips. Toss in a cleaning lady every day, a daily RMT massage and misc other expenses [not a fan of travel or fancy restaurants], and even a 1/3 of 50 million would do me nice.
If I had to split it 4 days, I would cut the budget, Divide my winnings by 50 and adjust as I get older. Either way I'd be living large as the kids these days would say.

4: I am repulsive to chicks now, I don't think that would change later. As such I'd prefer the more honest route of prostitution over some skank who is obviously faking an interest in me. Advantage me, I am resistant to the scams that people can play.
 

FatOne

Banned
Nov 20, 2006
3,474
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50 million at 2% is 1 million a year for the rest of your life. With an advisor you could do better than that.
Could do even better without an adviser, they don't add much value at best, and at worst they can cost you big with foolish schemes and high commission investments.
As mentioned elsewhere, I assume growth - inflation - taxes equals 0. Better safe than sorry. If I do better, victory is mine! If worse, 50 million allows a lot of cushion.
 

GPIDEAL

Prolific User
Jun 27, 2010
23,360
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Honestly, better than having fun with it (including hobbying) => not being able to work for a living and let your money work for you so you can find more time and freedom to do those things you would like to do, such as painting, learning to play an instrument, travelling, gourmet cooking, etc. etc.
 

OddSox

Active member
May 3, 2006
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Ottawa
$50 million doesn't make you rich these days. You're just 'well off'. How long until we see the first $Billion Dollar lottery?
 

richaceg

Well-known member
Feb 11, 2009
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All your haters will become your friends overnight. I'd save 80% of that funds to my 2 sons and future grand kids. I'd spend 20% for me and treat my friends and family for a good time. I wil not be giving away any $$$ to friends and relatives...as I'm sure none will be given if they won.
 

Perry Mason

Well-known member
Aug 20, 2001
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Here
What's the best part about winning the lottery? The cars? Houses? Vacations? Freedom? Or is it the ability to tell your boss or co-workers that you hate to "eff off"?
I don't have a clue!

But I will let you know after I win!

Perry
 

fuji

Banned
Jan 31, 2005
80,012
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The Lottery... It only takes $1 and a dream... to lose both.
I enjoy spending my millions in my head.

I mostly buy lottery tickets for that reason alone , I don't even check my ticket. I just wait for the news to report unclaimed jackpot in Toronto... then I check.
 
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