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Started By
Message
re: $2B Powerball winner is already burning his money up
Posted on 9/20/23 at 11:10 am to GetCocky11
Posted on 9/20/23 at 11:10 am to GetCocky11
quote:
I'm not an idiot, I would make safe investments, set up my family, and live a modest lifestyle full of travel and maybe get a low-stress part-time job.
This just shows you that most people can't comprehend the amount of money that he won. $628 Million AFTER taxes. Modest interest off that lump sum would be between $30 - $40 Million EVERY YEAR!
That's not a modest lifestyle type of income. That's generational wealth. People with that level of income could become targets for those trying to take advantage and need the safety that larger homes, high income areas, and gated communities offer. Think Tom Benson's family not just your average millionaire.
Investing in tracks of land, large commercial property, farm land, residential developments - really nothing is out of reach.
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