SIGforum
Mega millions winnings

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/8020086844

October 23, 2018, 07:28 AM
Sig209
Mega millions winnings
keep maybe $100M for myself / the family

spend the rest of my life giving away the rest of it - it would be rewarding to start / support some foundations for charitable causes

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Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
October 23, 2018, 07:29 AM
xantom
Build my fortress of solitudeSmile




"We've done four already, but now we're steady..."
October 23, 2018, 07:54 AM
roadkill
The real question is do we have a good team of accountants and lawyers here I can tap into when I win? I figured at the least I’ll need to set up some sort of trust to insulate myself from both taxes and shyster lawyers and those who hire shyster lawyers.


God, Guns, and Guts made this country....let's keep all three
October 23, 2018, 08:06 AM
ChicagoSigMan
I'm surprised the jackpot is still at $1.6 billion. I imagine it will go up before the drawing tonight.

Another interesting point: rising interest rates have lowered the cash value of the prize. The $1.586 Billion jackpot in 2016 had a cash value of around $985MM. Tonight's $1.6 Billion jackpot has a cash value of $904 million.

In my state, the after-tax cash prize would be about $570MM. The wrinkle is that there could be multiple winners (there were 3 winners of the PowerBall $1.5 billion jackpot).

Odds are 1 in approximately 303,000,000.

But because I'm not the grinch who stole Christmas, I'll play along.

My service dog non-profit is about to begin a capital campaign to allow us to buy some land and build a new facility. I would end it before it got started.

New house, a couple of cars and a NetJets share. A couple decent sized donations to favorite causes. The rest goes into a family office (run by me) to be invested with much of the income being distributed to various charities and causes as well as supporting my family.

And, of course, the mother of all karmas on SF.

The flaw in my plan is that it requires one to buy a ticket.
October 23, 2018, 08:15 AM
TKO
I would set up between a third and a half to ensure income for my family. The rest I would disburse where I think it will do the most good.

Putting strippers through college... that kind of good.




"The difference between stupidity and genius is that genius has its limits." Albert Einstein
October 23, 2018, 08:15 AM
MikeinNC
1. get a good lawyer
2. buy a large area of land in the Mountains of NC so that our families could all live on the compound
3. build homes for all said family
4. build a range for me & the FIL to open a USPSA/range equal to Talladega CMP's range
5. and the obvious one would be to build a boonker

lastly, donate so much money to the Shriner's Hospitals they would name the wing after my brother who the helped when he was a kid. And then set up an account to help fund them (Shriner's) in perpetuity



"Violence, naked force, has settled more issues in history than has any other factor.” Robert A. Heinlein

“You may beat me, but you will never win.” sigmonkey-2020

“A single round of buckshot to the torso almost always results in an immediate change of behavior.” Chris Baker
October 23, 2018, 08:17 AM
kz1000
Cash option.
Lawyer (Set up a trust)
Accountant
Financial planner

Then I disappear.


------------------------------------------------------------------------
"Yidn, shreibt un fershreibt"

"The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else, and nobody was going to bomb them. At Rotterdam, London, Warsaw and half a hundred other places, they put their rather naive theory into operation. They sowed the wind, and now they are going to reap the whirlwind."
-Bomber Harris
October 23, 2018, 08:21 AM
chellim1
quote:
Originally posted by darthfuster:
I'd buy a YUGE ranch in Texas and have a 7 day SIGforum party. I'd fly any SIGforum member and one significant other in for the epic week. BBQ, shooting at the range, bragging rights, name tags, dining, gun show, drawing for a new SIG each night.....the works. Big Grin

Way to be Darth! I'm in! It'll be epic.
If I win... I'll do the same for all of my SIGforum friends. Party on, Wayne! Party on, Darth!





"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

"The United States government is the largest criminal enterprise on earth."
-rduckwor
October 23, 2018, 08:26 AM
roberth
quote:
Originally posted by kz1000:
Cash option.
Lawyer (Set up a trust)
Accountant
Financial planner

Then I disappear.


Exactly.




October 23, 2018, 08:27 AM
arfmel
Get my old house painted. New roof, too, maybe.
October 23, 2018, 09:00 AM
OcCurt
Find Rachel with Card Services and have her whacked.

New carpet upstairs.
October 23, 2018, 09:01 AM
jerkyjer
I’m calling jallen!


War Eagle!
October 23, 2018, 09:02 AM
JALLEN
You guys gave no idea how expensive it is being rich.




Luckily, I have enough willpower to control the driving ambition that rages within me.

When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson

"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown
October 23, 2018, 09:10 AM
ensigmatic
quote:
Originally posted by ShneaSIG:
Two chicks at the same time!

Two? Ha!

And blow. Don't forget the blow. And good Scotch and Bourbon by the barrel.

quote:
Originally posted by darthfuster:
I'd buy a YUGE ranch in Texas and have a 7 day SIGforum party. I'd fly any SIGforum member and one significant other in for the epic week. BBQ, shooting at the range, bragging rights, name tags, dining, gun show, drawing for a new SIG each night.....the works. Big Grin

Now there's a plan Smile

Only screw the drawing. A free commemorative Sig for every participant Smile

I think those would have to be 10mm Sigs, btw Big Grin



"America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe
"If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher
October 23, 2018, 09:10 AM
zipriderson
quote:
Originally posted by 400m:
What would you do with $800M?


Make it rain
October 23, 2018, 09:20 AM
roadkill
quote:
Originally posted by JALLEN:
You guys gave no idea how expensive it is being rich.

But many of us would sure enjoy going broke for the chance at it.


God, Guns, and Guts made this country....let's keep all three
October 23, 2018, 09:22 AM
Georgeair
quote:
Originally posted by arfmel:
Get my old house painted. New roof, too, maybe.

Funny.



You only have integrity once. - imprezaguy02

October 23, 2018, 09:22 AM
irreverent
I’m in the disappearing group. I agree, I’ve no idea how much it costs to be rich, but I’d definitely be reinvesting after contributing to causes I felt were worthy.

This message has been edited. Last edited by: irreverent,


__________________________

"Trust, but verify."
October 23, 2018, 09:39 AM
parabellum
I'd give certain people in my life a substantial check on the condition that they sign an agreement to never ask me for another penny.

then...

I'd quietly buy every internet gun forum in the United States, no matter what the cost.

then...

I'd throw the biggest party you've ever seen, for SIGforum members. I'd fly in all those who want to attend, all expenses paid.

then...

I'd do whatever I want, whenever I want, within the boundaries of the law, of course.


____________________________________________________

"I am your retribution." - Donald Trump, speech at CPAC, March 4, 2023
October 23, 2018, 09:41 AM
David W
quote:
Originally posted by Shaql:
With $800M your life would change as you know it. There is no "doing the same thing" or anything like that.

You'd have to go dark. Sell your house. Go into seclusion to keep the leaches at bay.

$800M cash would cause way more problems for you than it would solve.


Challenge accepted!


David W.

Rather fail with honor than succeed by fraud. -Sophocles