Mega Millions - 1 BILLION DOLLARS

[mynameisjonas]

Typical annuities may be the wrong product, but the average stock market return has been 10%. You could live off the average gains.

You could also easily get into other opportunities like rental properties that are relatively passive but would expect to earn even more.

Buying rental properties is the last thing I would do after winning $1 billion. No thanks to that headache. It’s a great business if you’re trying to create wealth, but once you have that billion dollars cha ching on that cash register.

 

[Clonehomer]

More good CF financial advice here. Remember kids, cars and hookers are not assets, they are liabilities.

Hookers are assets to the community they serve

 

[WIBadger]

Also, I only join office pools just in case. Basically paying 4 bucks to make sure I am not the only one sitting in the office come monday.

How do those office ones work? Does the office buy them or do you give a single person money to go buy a lot of tickets?

 

[ripvdub]

Buying rental properties is the last thing I would do after winning $1 billion. No thanks to that headache. It’s a great business if you’re trying to create wealth, but once you have that billion dollars cha ching on that cash register.

But you wouldn't handle it yourself. You start a company to handle it for you.

I would create. Mortgage company.

 

[BCClone]

How do those office ones work? Does the office buy them or do you give a single person money to go buy a lot of tickets?

One person collects and buys.

 

[Clonehomer]

One person collects and buys.

You assume they buy. It's be a nice little racket to just pocket the ticket money you can pull it off.

 

[VeloClone]

You assume they buy. It's be a nice little racket to just pocket the ticket money you can pull it off.

Whenever I have been involved in one, the person taking the money and buying the tickets copied or scanned the tickets so everyone could see what was purchased and that the tickets were for the correct drawing.

 

[BCClone]

You assume they buy. It's be a nice little racket to just pocket the ticket money you can pull it off.

Ours always copied the tickets so you knew

 

[Ms3r4ISU]

I was explaining to my youngest how little a million dollars really is when I told him how many years it takes my wife and I to earn that much. Then I had him do the math on how much money we'd need for the next 30-40 years if we stopped working today (excluding inflation of course). Then I had him conceptualize $1B in those terms and explained generational wealth. His head almost exploded.

That's a lot of work to say he's not getting an allowance (or a bigger allowance.)

 

[Drew0311]

How do those office ones work? Does the office buy them or do you give a single person money to go buy a lot of tickets?

Just a motivated person who goes around and asks. Then when you win, they try and say it was their ticket and not the group ticket, then you sue them and win. It's usually a cluster but if you can get a couple million out of it. It's worth it in the end.

 

[3TrueFans]

Got my 3 tickets, #1 and #3 are losers, but #2 is the one.

 

[BCClone]

Got my 3 tickets, #1 and #3 are losers, but #2 is the one.

You like #2?

 

[Clonehomer]

You like #2?

Who doesn't like a good #2?

 

[CascadeClone]

More good CF financial advice here. Remember kids, cars and hookers are not assets, they are liabilities.

As a deceased mentor used to tell me:

"Two things that will cost ya- **** and tires"

 

[nfrine]

Who doesn't like a good #2?

The older you get, the more you appreciate it....

 

[NWICY]

I’m going to immediately change my name to something like John smith. Then claim the ticket, and immediately change my name back to BC. That way they can hunt down some John Smith and old BC will be reading about that poor sucker with that name being kidnapped.

LOL knew a John Smith from up your way.

 

[NWICY]

That is a question that probably needs to be addressed. If you buy a used car, you could afford higher end hookers, but if you buy a high end new car, you could get some looking for a sugar daddy or sugar momma, that wouldn't cost you for the action. So do you spend the money on the hookers or more for the car?

Hookers the ones looking for sugar daddies/mommas still want you to buy them stuff set them up in a apartment etc....

 

[NWICY]

How do those office ones work? Does the office buy them or do you give a single person money to go buy a lot of tickets?

We gave the money to 2 people to go buy them and sent two people to do the checking.

 

[ISUCyclones2015]

I got $100 worth. If someone wins in Downtown Chicago and I disappear on here, you’ll know why

 

[besserheimerphat]

I do think it's mildly humorous that our insurance / risk manager is the one coordinating our office pool.

Also need to go buy my individual ticket.

I'm basically a risk analyst and I'm very superstitious with ISU sports. E.g. I have to change seats or put on/take off my hat depending on how the game is going. I have certain Cyclone gear that I can or can't wear of gamedays (stupid Cyclone argyle socks are like 1-8...)