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re: Powerball Jackpot of $600 Million: How Would You (Have) Spend(t) It?

Posted on 5/17/13 at 6:47 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 5/17/13 at 6:47 pm to
I would buy flame throwers and hire people to burn the Department of the Lottery to the fricking ground
Posted by bamafan425
Jackson's Hole
Member since Jan 2009
25716 posts
Posted on 5/17/13 at 6:56 pm to
I'd buy Bitcoins.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 5/17/13 at 7:22 pm to
quote:

I'd buy Bitcoins.


I'd create my own currency, wait I'm already doing that

Posted by gateway2mizzou01
st louis, mo
Member since Jun 2012
413 posts
Posted on 5/17/13 at 7:53 pm to
Spend a weekend in Reno at the Bunny Ranch getting them to do this
Posted by GTHTSUN
Team Jacktown
Member since Sep 2012
1646 posts
Posted on 5/17/13 at 8:51 pm to
I wondered if you were going to say that. I was right. I should've asked it like this.... What if they went to THE University of Texas?
Posted by crispyUGA
Upstate SC
Member since Feb 2011
16270 posts
Posted on 5/17/13 at 9:21 pm to
Two chicks at the same time.
Posted by 3nOut
I don't really care, Margaret
Member since Jan 2013
32492 posts
Posted on 5/17/13 at 11:08 pm to
That'd be fine. Texas is a fine school. Just don't expect me to wear Orange to any of the games I pay for us to attend.
Posted by Patton
Principality of Sealand
Member since Apr 2011
32657 posts
Posted on 5/17/13 at 11:30 pm to
I'd buy an island.
Posted by BuccWildBammer
AL
Member since Nov 2011
23340 posts
Posted on 5/17/13 at 11:56 pm to
Thought about this a bit as well

I'm assuming 400 mil after tax

10% to the church so 30 mil to our home church I grew up in and 10 mil to a friend of mine who is a pastor to go to his church

40 mil

I'd hire my uncle in law who Im very close with to come possibly live on the compound with my aunt and his sons, he is tax consultant and financial advisor in Birmingham

The house I would purchase would be this house in Fla

Bokeelia Island







What is amazing about this property is its secluded and also not far off from Cape Coral and Fort Myers one way and Tampa the other way and to quote the website "the property's incomparable potential for development. With approximately 3 ½ miles of shoreline, 29 large waterfront lots were granted a development order in perpetuity, allowing the opportunity for future development"

The whole Island property is a MAJOR investment opportunity

So that is a 29.5 mil

So 70 mil (69.5)

Then I would dole out some to various people in my family and friends/co-workers

10 mil to my parents
10 mil to my wife's parents (scared as shite to do this haha)
10 mil to my sister
So that's 30 mil
100 mil so far
I have 8 current co-workers (including my 2 managers) and 2 former co-workers I would give 5 mil to each as a sort of social experiment/nice gesture
That's 150 mil

Then of course another couple mil on a comfortable yacht I can dock on the island and take out where ever

A few cars to toy with

A Nissan Skyline GTR R34 then soup the shite out of it
A Porsche 911 GT 3
A Porsche Cayenne Turbo to drive around town (mainly for wifey)
A Lamborghini Aventador

And then the rest left would be set up in the bank to draw interest

I would also likely make a 10mil donation or something to Alabama and buy a Tampa Bay skybox and BDS skybox

I'm kinda boring but that land development would likely make millions if not hundreds of millions on its own with the right developer

And I could live off that and not touch the rest I won and will it to my kids
Posted by GenesChin
The Promise Land
Member since Feb 2012
37855 posts
Posted on 5/18/13 at 1:48 am to
Assuming 400million$ after taxes

I would buy a huge house in Seaside, Aspen, Lake Travis TX, Sky Valley GA, which is approximately 10 million each = 50 million $

I would put all of them in a trust as well as enough money in gov bonds and dividend stocks to pay 1.5 times the property taxes for 80 years based on interest/expected dividends alone.


I am guessing I have spent around 90 million$ by this time.

I would do the same thing with a gulf stream jet. 40$million range. Estimated cost of operation per year included cerw and everything is 500,000$ so I would do the same thing as before with the trust and assuming dividend rates of around 2% and gov bond rates right now are around 3.3% and adjusting for inflation, I am looking at 25million$ + cost of jet (40$million)



I have now spent around 165 million$ (round up to 175mil$)



This trust of plane and houses would be accessible to anyone in my direct line of my family after my death for use of up to a proportion of (1/# qualified members) to keep from overuse. They can trade/gift their proportions for each part of the trust how they see fit



I would then create a trust with 100mill$ that would be exclusively dedicatd to paying education bills for my direct bloodline


275$ million



I would then use the 100 million$ to start up an angel investing firm that I would passively oversee and let my friend run it who has lots of experience with startups



With the 25$ million left over, Cocaine, strippers, rented yachts and bottles. Try not to kill myself
This post was edited on 5/18/13 at 1:51 am
Posted by harmonics
Mars Hotel
Member since Jan 2010
19148 posts
Posted on 5/18/13 at 4:24 am to
I would buy a $600 million car. And I would activate it's wings and fly away.
Posted by Flatt2Flowers04
Member since Jul 2011
3359 posts
Posted on 5/18/13 at 6:36 am to
quote:

How Would You Spend It?

I couldn't spend it all. Would be dead within a year
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
62321 posts
Posted on 5/18/13 at 9:01 am to
quote:

ETA: Can you break a Gorillion?


Man, all this time I thought they were lower denominations so you can spread them around between different fanbases.
Posted by TotalRebel
Member since Jan 2013
5886 posts
Posted on 5/18/13 at 9:10 am to
At LEAST 100M to Ole Miss. Then see how much more they need. Honestly, I wouldn't want that much cha ching. Actually, buy my dad a truck. That's what he has wanted for ages, but he refuses to sell cars, he wants to wear them out until they break down. Fun.



A lot to the animal shelter too. Gotta love some doggies.
This post was edited on 5/18/13 at 9:12 am
Posted by bdv1974
Liberty, South Carolinananana
Member since Nov 2011
10593 posts
Posted on 5/18/13 at 9:24 am to
I would of course do the obvious but I would take lump sum. im getting older, but I too would spend modestly and damn sure wouldnt let my fam know... even my kids wouldnt know if I could help it
Posted by BuccWildBammer
AL
Member since Nov 2011
23340 posts
Posted on 5/18/13 at 9:45 am to
you had a nice idea going chin...

quote:

With the 25$ million left over, Cocaine, strippers, rented yachts and bottles. Try not to kill myself


Posted by Dire Wolf
bawcomville
Member since Sep 2008
40454 posts
Posted on 5/18/13 at 10:47 am to
Give some family enough to retire

Invest and save 75% of it

Hookers and blow across the ocean with the rest.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 5/18/13 at 11:34 am to
quote:

I would buy a $600 million car. And I would activate it's wings and fly away.



Posted by undecided
Member since May 2012
15492 posts
Posted on 5/18/13 at 2:40 pm to
quote:

I'm kinda boring but that land development would likely make millions if not hundreds of millions on its own with the right developer

Im kinda shocked that you could get that for "only" 29.5 million? It's actually a bit better than living on an isolated island and developed the right way you could set your family up for generations
Posted by undecided
Member since May 2012
15492 posts
Posted on 5/18/13 at 2:43 pm to
quote:

With the 25$ million left over, Cocaine, strippers, rented yachts and bottles. Try not to kill myself

I think everyone decided to dismiss my, "aside from hookers -n- blow disclaimer" which leads me to believe that's all you guys really care about at the end of the day
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