madhorseman Posted May 9, 2014 Posted May 9, 2014 Now that's funny! It is funny...and sad. Just think if ya put it in the bank someone could embezzle it. Can you trust an investment firm? There is always someone trying to make an easy buck!! Hard to say who You can really trust when a large sum of money is involved.
1972coronet Posted May 10, 2014 Posted May 10, 2014 For the sake of the conversation / thread , I am going to "choose" to win 'The Big One' ; the , let's say , five-hundred-million jackpot . I would continue to work ---but only for my-self . I've long held a disdain for corporatised thinking ; for generic , short-sighted business practises . It bothers me to the point of wanting to open my own auto parts store . I would stock only what parts / items actually sell , and not stupid BLAH_BLAH_BLAH_BLAH like the (nameless) organisation that I'm employed with (!!!). I would hire only those whose mindset is similar ; whose passion is to learn as well as teach . No 'college boys' . No pencil necks . No manicured hands . I wouldn't care if they lived in a cardboard box behind a shuttered store or if they lived in the 'best' part of town ; they'd be absolutely equal in my mind . Of course , I would have friends and associates to help keep me in-check ! Make sure that I don't become the very person(s) whom I cannot stand (greedy , illogical , cheap , and mean). Naturally , I would have to open business in another state , as California has the most business un-friendly environment in the entire U.S. (Texas sounds like a rather inviting state !). Certainly , I'd have my collection of 'toys' ( cars and other hobbies ) , and a nice Ranch-style home . I'd be helpful to those who've been there for me . I would also provide opportunities to those whom are experiencing difficult times ; employ them in some capacity . Most importantly , no one would be made aware of my windfall ! Only those who I can absolutely trust to keep a secret . I definitely wouldn't flash my wares , as I don't want / need the attention .
High octane Posted May 10, 2014 Posted May 10, 2014 WHY would anyone want to work or start a business if they had a considerable amount of money? Are they afraid of boredom? When I retired I had and still have NO intentions of working. I've been there and done that already. I think that I average 'bout three boring days per year as I'm really busy.
Harry P. Posted May 10, 2014 Posted May 10, 2014 WHY would anyone want to work or start a business if they had a considerable amount of money? I'm with you! Having a whole boatload of money means you don't have to work anymore! That's the whole point!
cobraman Posted May 10, 2014 Posted May 10, 2014 Now that's funny! Hey ! My daughters a lawyer ! Nobody likes lawyers till they need one ! : )
Nacho Z Posted May 10, 2014 Posted May 10, 2014 Just to touch on one point having to do with charities. My wife and I agreed that if we ever won a gazillion dollars on the lottery, (which we don't even play), and knowing we could never possibly spend it all, we would never give it to the big name charities but rather we would help out many small, grass roots types of charities. I won't get started on how wasteful some, (maybe not all), of the big name charities are. There would be some sort of vetting process. Even a humble charity can go cockeyed when given a lot of money.
Harry P. Posted May 10, 2014 Posted May 10, 2014 Hey ! My daughters a lawyer ! Nobody likes lawyers till they need one ! : ) Q: What do you call 100 lawyers at the bottom of the ocean? A: A good start! (just kidding, Ray! )
cobraman Posted May 10, 2014 Posted May 10, 2014 Thats ok. I can take it. It's not like I don't tell her lawyer jokes all the time. She says she will laugh all the way to the bank. I tell her I hope it's to pay me back all I layed out for the last 7 years.
jrherald420 Posted May 10, 2014 Posted May 10, 2014 Ahh that best "what if" question. I would pay off the bills, pay for my son's education, pay for the fertility treatments my wife needs to have another child, build the dream house, buy every foreclosure home in this area and renovate them and turn them into high quality rental homes to keep the cash flow coming in. For fun i would build a shop to restore 1:1 cars and my local model club would get a huge kick in the pants. Might just build a top notch convention center to hold the monthly meetings (and rent it out for extra income when the club is not using it) and the annual model show might just turn into something like 2 of them a year with cash prizes awarded. Now if it was a huge winning...............like mega huge..............i would start my own model company....100% USA made.....and put Revell out of business!! One can dream right??
High octane Posted May 10, 2014 Posted May 10, 2014 I tend to believe that Revell is goin' to be around long after we're all gone.
jrherald420 Posted May 10, 2014 Posted May 10, 2014 (edited) Thats why i said mega huge. Big enough to produce more then they do only better quality, Tamiya and Meng quality with old MPC and AMT extra parts for 90s Revell prices. Edited May 10, 2014 by jrherald420
Joe Handley Posted May 10, 2014 Posted May 10, 2014 (edited) Well, I guess I'll continue with mine then.......... Once I get the folks and the house squared away, I'd pay off my Sister's bills and get her a Black Hemi Challenger like she wants, and maybe a house for her and her boyfriend. I'd take care of all of my bills, fix up my XJ, hot rod my '12 200 Touring, maybe try and find a clean '11-'14 200 Limited Hardtop Convert in Blackberry Pearl to build into a mild custom (bag it, shave the handles, ect), and buy a new Cherokee Trailhawk for a winter driver. I also try and get a warehouse for a shop. Then I would probably go overboard on buying models and R/Cs................... Edited May 10, 2014 by Joe Handley
Ridge Rider Posted May 10, 2014 Posted May 10, 2014 I have won millions and I'm still building models and on this site. Oh wait, it wasn't me. Life would be different in many positive and negative ways, but I would hope that answer would be true. I don't want big homes in exotic locations but I would enjoy a 2000 sqft home with a 10,000 sqft shop on acreage. I know in my heart and have already told everyone I know that the best part would be to give it away to to the people I love and causes I care about. This is after taking care of myself first or whats the point?
1972coronet Posted May 10, 2014 Posted May 10, 2014 WHY would anyone want to work or start a business if they had a considerable amount of money? Are they afraid of boredom? When I retired I had and still have NO intentions of working. I've been there and done that already. I think that I average 'bout three boring days per year as I'm really busy. Out of principal . I have a penchant for Do it once , do it right , or don't do it at all that I've carried with me for my entire work life . I don't care much for the way business is conducted these days ; in particular, the auto parts business . There are just too many clean cut college boys , and they're all making decisions which negatively affect business . A friend used to ask me , "Why would you want to buy yourself a job ?!? With that much money , you wouldn't have to work again !" . It's not that I'm afraid of boredom ; I just don't wish to live a sedentry lifestyle .
Craig Irwin Posted May 10, 2014 Posted May 10, 2014 After paying off all the bills, mine and my families, buying a 3 or 4 year old Chevy truck, (let someone else take the hit.) buy my parents and my mother in law new cars so I don't have to keep their old ones running anymore, remodel the house adding a couple of rooms, the fun could start. Buy out my boss and donate the building to the fire department for "practice", Buy the Local radio station that plays that "Cookie Monster" type of super loud disgusting heavy death-metal excuse for music that the kid that works next to me has to listen to, and donate it to a church group for a Christian Rock station so I could watch that kids reaction, pave my yard and paint it green and burn my mower, take a very long motorcycle vacation from on end of this country to the other on my Harley, and the best.... Start a charity that takes the poor and schools them and trains them for jobs but won't give them a dime unless they take the schooling.
DPNM Posted May 10, 2014 Posted May 10, 2014 To try to answer your question, it would be life changing for sure. First thing after turning in the ticket is to find a temporary place to live. I'd hire a trust-worthy lawyer and hire a trust-worthy investment firm. I'd move out of state to a farm in the middle of nowhere. I've thought about this and I have the lawyers, investment firm and which state I'd move to picked out already. All I need to do is win. Only problem is, I don't play that often so my odds of winning are slim at best. To try to clarify my first post, the lawyer would be used for advice before I turned in the winning ticket. There is probably a lot you would need to know. I would not have them on retainer. The investment firm would only see a small portion of the money, just to have the money make money. I would keep the rest in about 5 different lending institutions as, I believe but may be wrong, banks etc. are only insured up to a certain amount. Being I'm not sure, that is one of the questions I'd ask the lawyer. Other than finding a farm in another state (just land with a house) I have not said what I would spend the money on. Moving is something I think you would need to do as eventually people would find out you were a winner and you would have more friends than you ever thought you had. This is not to say I would not share as I would, I just wouldn't want to be badgered by those looking for something for nothing. The point I thought this thread was about was how winning would change your life, not what you would spend it on. That is what I've tried to answer. What I'd spend the money on is a subject for a different topic. Would I be willing to move if I won a lot of cash? Yes, tomorrow.
Rob Hall Posted May 10, 2014 Posted May 10, 2014 (edited) If it was enough to retire on and live well, I'd retire from the corporate rat race (though stay involved w/ the tech industry through open source projects, maybe some angel VC work), stay involved w/ terrier rescue groups, support dog rescue groups, buy/build a spacious beach house w/ plenty of garage space, build a nice little 1:1 car collection, build models, take up amateur road racing, travel more, go to more races. I've always been pretty disciplined financially, don't gamble, don't have addictions beyond eBay so I can see myself handling large amounts of money effectively...just move a bit more upscale..work less, relax more.. Edited May 12, 2014 by Rob Hall
Agent G Posted May 11, 2014 Posted May 11, 2014 I got a guy here who I'd use to set up a trust and give financial advice. I'd buy new appliances, pay some bills, buy a Cadillac Escalade and travel. G
tubbs Posted May 12, 2014 Author Posted May 12, 2014 I direct your attention to post #8, it reads.... Posted 09 May 2014 - 12:11 PM those are great answers, but just what would it do to your personal life, your kids going to school, neighbors, strangers, even businesses knocking on the door, your wife/girlfriend wants to travel and you don't, your wife/girlfriends friends or girlfriends what to travel with you. would you pack up and move to a bigger house, different state, try to stay anonymous? would you have a gambling problem in Vegas? I would imagine that it would get mighty old having people hit you up for cash every day, you would have so many friends, women at your door, temptation would be there 24/7..... that's what I am talking about.. too hard to keep all that money under wraps. you may want to live quietly, but it seems almost impossible. we had a discussion on this at work and it was shocking on just how many said that basically they would set their kids up and move on, without their wives. wasn't an overwhelming amount, but enough. you read about so many people going bankrupt after hitting the lotto, I know how they do it, just can't for the life of me figure out how, if you know what I mean. don't they watch, aren't they careful?
fitforbattle Posted May 12, 2014 Posted May 12, 2014 (edited) I would first of all pay off my mothers bank loan. After all she has done for me and my brother, needing to even get that loan in the first place, it seems like the only fair thing to do for her. Then I would get a bit bigger place for me and the Mrs. I would probably get higher education in some way, so I can go on and work with what I love. I would probably spend some cash on spoiling the previously mentioned girl whom I live for, and give some to my mom so she can raise her living standards and maybe take a well deserved vacation. Might throw in a new car for her aswell, one she can drive in other directions and not just to the mechanics and back every week (crappy Opels) And last but not least I would get a 1/24 kit of a Ferrari 250 gto and a airbrush setup. Edited May 12, 2014 by fitforbattle
weasel Posted May 12, 2014 Posted May 12, 2014 well, first I would build a nice, big, a-frame garage for all the cool cars/bikes I'm gonna get... give both my daughters a mill or two, hell maybe even my brother-in-law to...then just sit back and PLAY!!!!
PappyD340 Posted May 12, 2014 Posted May 12, 2014 Well at the sake of being the party pooper, I won't have to worry about what I would do, I have never bought a lotto ticket and really don't have a desire to, for me it's just a waste of my money and I'm not a gambler either so I will let all you guys have all the fun!!
Harry P. Posted May 12, 2014 Posted May 12, 2014 Well at the sake of being the party pooper, I won't have to worry about what I would do, I have never bought a lotto ticket and really don't have a desire to, for me it's just a waste of my money and I'm not a gambler either so I will let all you guys have all the fun!! Same here. I've never, ever bought a lottery ticket. Not ever. Knowing what the odds are to win a really big prize, it seems like a waste of money. I know, I know, somebody has to win, it could be me, blah, blah, blah... but the odds are astronomical, especially the multi-state lotteries with the really big jackpots (hundreds of millions). I guess by not buying lottery tickets I'm doing my part to make the odds of winning better for people who do buy them!
Ace-Garageguy Posted May 12, 2014 Posted May 12, 2014 Every time a friend of mine buys one, which is frequently, she says "oooh, these are lucky winning numbers !!!" She's the original eternal optimist, and I think has won maybe a total of $4 or $5. Another rather cynical old friend once won somewhere around $50,000. Apparently, one's mental attitude has little to do with one's chances of winning.
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