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Quote from: DivineLegend on June 06, 2010, 04:20:41 AM

Quote from: Chaos on June 05, 2010, 11:04:29 PM
Bank it and live off the interest for the rest of my life.  I'm not sure what's a fairly average interest rate, but for, say, .4% interest yearly on the 20mil NSC brought up, that's $80,000 in interest per year.  Pretty damn good salary for someone who would never have to work a day in their life.

i would do something like this, but have it in a cd, i wouldn't be able to touch it for like 6 months, so i would work, but i would probably be giddy with excitment about being able to retire at whatever age i had won the lottery and live nicely with what i want.

Yeah, or that.  I'm not entirely clear on all my available options as far as banks go, but I'd look into it once I actually have the money to care.

@Jake:  No joke.  Haven't you heard the stories of a lot of the people who go winning the lottery who never really ever had lots of money before?  They go spending it like crazy and end up ruining themselves.  I'd put it into the bank (or other some such account) for a year, and let it accumulate interest for a year, while I continue to live my life as normal.  After that year, I'd use the accumulated interest as my checking account, so to speak, and leave the original sum of money alone.  I'd keep in mind my weekly budget with that salary (with 80k per year, that's approximately $1500 per week, which is nothing to scoff at) and I'd live like it.  I would be able to live my entire life without ever having to slaving myself off to someone else.

I can think of no better thing to purchase than my freedom.

Quote from: Chaos on June 06, 2010, 09:07:40 AM

Quote from: DivineLegend on June 06, 2010, 04:20:41 AM

Quote from: Chaos on June 05, 2010, 11:04:29 PM
Bank it and live off the interest for the rest of my life.  I'm not sure what's a fairly average interest rate, but for, say, .4% interest yearly on the 20mil NSC brought up, that's $80,000 in interest per year.  Pretty damn good salary for someone who would never have to work a day in their life.

i would do something like this, but have it in a cd, i wouldn't be able to touch it for like 6 months, so i would work, but i would probably be giddy with excitment about being able to retire at whatever age i had won the lottery and live nicely with what i want.

Yeah, or that.  I'm not entirely clear on all my available options as far as banks go, but I'd look into it once I actually have the money to care.

@Jake:  No joke.  Haven't you heard the stories of a lot of the people who go winning the lottery who never really ever had lots of money before?  They go spending it like crazy and end up ruining themselves.  I'd put it into the bank (or other some such account) for a year, and let it accumulate interest for a year, while I continue to live my life as normal.  After that year, I'd use the accumulated interest as my checking account, so to speak, and leave the original sum of money alone.  I'd keep in mind my weekly budget with that salary (with 80k per year, that's approximately $1500 per week, which is nothing to scoff at) and I'd live like it.  I would be able to live my entire life without ever having to slaving myself off to someone else.

I can think of no better thing to purchase than my freedom.

A Missouri convenient store clerk who only had $28.96 in his bank account wins $258M Powerball Jackpot.

Quote from: Chaos on June 06, 2010, 09:07:40 AM

Quote from: DivineLegend on June 06, 2010, 04:20:41 AM

Quote from: Chaos on June 05, 2010, 11:04:29 PM
Bank it and live off the interest for the rest of my life.  I'm not sure what's a fairly average interest rate, but for, say, .4% interest yearly on the 20mil NSC brought up, that's $80,000 in interest per year.  Pretty damn good salary for someone who would never have to work a day in their life.

i would do something like this, but have it in a cd, i wouldn't be able to touch it for like 6 months, so i would work, but i would probably be giddy with excitment about being able to retire at whatever age i had won the lottery and live nicely with what i want.

Yeah, or that.  I'm not entirely clear on all my available options as far as banks go, but I'd look into it once I actually have the money to care.

@Jake:  No joke.  Haven't you heard the stories of a lot of the people who go winning the lottery who never really ever had lots of money before?  They go spending it like crazy and end up ruining themselves.  I'd put it into the bank (or other some such account) for a year, and let it accumulate interest for a year, while I continue to live my life as normal.  After that year, I'd use the accumulated interest as my checking account, so to speak, and leave the original sum of money alone.  I'd keep in mind my weekly budget with that salary (with 80k per year, that's approximately $1500 per week, which is nothing to scoff at) and I'd live like it.  I would be able to live my entire life without ever having to slaving myself off to someone else.

I can think of no better thing to purchase than my freedom.

This.
And then I would travel around the world :)

Quote from: Chaos on June 06, 2010, 09:07:40 AM

Quote from: DivineLegend on June 06, 2010, 04:20:41 AM

Quote from: Chaos on June 05, 2010, 11:04:29 PM
Bank it and live off the interest for the rest of my life.  I'm not sure what's a fairly average interest rate, but for, say, .4% interest yearly on the 20mil NSC brought up, that's $80,000 in interest per year.  Pretty damn good salary for someone who would never have to work a day in their life.

i would do something like this, but have it in a cd, i wouldn't be able to touch it for like 6 months, so i would work, but i would probably be giddy with excitment about being able to retire at whatever age i had won the lottery and live nicely with what i want.

Yeah, or that.  I'm not entirely clear on all my available options as far as banks go, but I'd look into it once I actually have the money to care.

@Jake:  No joke.  Haven't you heard the stories of a lot of the people who go winning the lottery who never really ever had lots of money before?  They go spending it like crazy and end up ruining themselves.  I'd put it into the bank (or other some such account) for a year, and let it accumulate interest for a year, while I continue to live my life as normal.  After that year, I'd use the accumulated interest as my checking account, so to speak, and leave the original sum of money alone.  I'd keep in mind my weekly budget with that salary (with 80k per year, that's approximately $1500 per week, which is nothing to scoff at) and I'd live like it.  I would be able to live my entire life without ever having to slaving myself off to someone else.

I can think of no better thing to purchase than my freedom.

This would be nice. I will say i would also give some to my parents also.

I'd start my life as a drug lord and turn millions into billions, all while staying totally blasted!

I would split the winnings into halves and dedicate one half to wiping my ass. That would make me feel special.

Quote from: Mr Pwnage on June 06, 2010, 05:00:30 PM
I would split the winnings into halves and dedicate one half to wiping my ass. That would make me feel special.

Oh shoot, I forgot to mention I'd set aside a small sum for hiring an assassin to kill pwnage.

Quote from: Lucifer on June 06, 2010, 06:15:42 PM

Quote from: Mr Pwnage on June 06, 2010, 05:00:30 PM
I would split the winnings into halves and dedicate one half to wiping my ass. That would make me feel special.

Oh shoot, I forgot to mention I'd set aside a small sum for hiring an assassin to kill pwnage.

NOW this topic is getting somewhere!  Hang on, lemme go heat up a bag of popcorn!

Nahhhh, Mr. Pwnage won't say anything to defend himself, so nothing to worry about!

Invest in real estate. Especially right now. Anyone who has any amount of money stands to make loads of money on it.

Though of course, I wouldn't spend it all on that. To be honest, I would probably buy a nice place in a remote area near the ocean or in the mountains. I'd invest a good portion of it, much like Chaos said. Put it somewhere smart (whether real estate or a CD or something) so that it makes money on its own. Then I would just relax, start a family, write, read, go on vacations. Meanwhile I wouldn't try to rely on the money on its own. I would still want to do something that I can make a living at.

The main thing to think about is that as soon as you have this amount of money, everyone you know, and everyone you have known will want to get to know you better. You'll have tons of new "friends" all wanting to take advantage of you. Family will come out of the woodworks. Even family you are close with will probably want you to repay "debts" that you "owe" them. It's all really tricky.

If you do things like NotSoCheerios is talking about you'll be out of money in around a year, and you'll probably have no friends, and after the high of having all that money and spending it and then having to go back to a "normal" life you'll probably be depressed and worse off than you were before. If you're going to spend it like that, you might as well just give it to charity and save yourself the trouble.

Yeah, the beauty of my method (and me in general) is that I am: A.) a loner, B.) very skeptical towards people, C.) I am a master in counter-manipulation, and D.) have a perfectly good excuse for why I can't give them any money, if I decide to not go with the "Piss off." method. 

Quote from: Lingus on June 07, 2010, 12:51:17 PM
Invest in real estate. Especially right now. Anyone who has any amount of money stands to make loads of money on it.

Though of course, I wouldn't spend it all on that. To be honest, I would probably buy a nice place in a remote area near the ocean or in the mountains. I'd invest a good portion of it, much like Chaos said. Put it somewhere smart (whether real estate or a CD or something) so that it makes money on its own. Then I would just relax, start a family, write, read, go on vacations. Meanwhile I wouldn't try to rely on the money on its own. I would still want to do something that I can make a living at.

The main thing to think about is that as soon as you have this amount of money, everyone you know, and everyone you have known will want to get to know you better. You'll have tons of new "friends" all wanting to take advantage of you. Family will come out of the woodworks. Even family you are close with will probably want you to repay "debts" that you "owe" them. It's all really tricky.

If you do things like NotSoCheerios is talking about you'll be out of money in around a year, and you'll probably have no friends, and after the high of having all that money and spending it and then having to go back to a "normal" life you'll probably be depressed and worse off than you were before. If you're going to spend it like that, you might as well just give it to charity and save yourself the trouble.

Care to explain HOW I'd be out of money in a year?
I'm pretty sure I said I'd buy a house..and you just said.. invest in real estate.. All I'd be doing is investing it besides paying off my families SMALL amount of debts.

You didn't say you would buy a house, you said you would get a loan. Now you're paying interest. But that's only part of the reason.

If you're paying off debt, as well as buying your friends and family things and paying for them to hang out with you... that really snowballs. They'll start expecting it more and more, and they'll take more and more advantage of you. Given, maybe your friends and family all have really strong will and are very very nice people and think very highly of you. In that case, maybe they won't take advantage of you. But that kind of money would affect a good percentage of the population, so it's likely that at least someone in your circle will get that way. And maybe you'll just tell them off, but do you really want to have to do that?

I'm just saying that with that kind of money, and that kind of attitude about spending it, it will make for some very awkward, and possibly even very damaging situations.

But in reality, the opposite attitude of not offering to spend money on anyone is also potentially dangerous. No matter what you do, if people know you have that kind of money someone is going to be expecting something. If I had the ability, I would figure out some way of making sure no one else knew that I won the lottery. If I decided to start spending it on people, I'd figure out some way of making it plausible that I had that kind of money, and I'd do it bit by bit. Kind of like if you were to rob a bank. You wouldn't want to quit your job and start spending way more than you would have normally. Act like nothing happened, and give people little "gifts" here and there.

But.. I said with the loan. I'd also be investing to make sure I was making more then the interest of the loan was charging.. and that would only be for like 1-2 years so that I could build up my credit. which afterwards i would pay off in full.. Also.. I'd only be buying a house between 500-600k, nothing insane. Interest wouldn't really scratch it. as for the loan, as I said, my father is a mortgage banker, thus able to get me a good rate on a loan.
Who says my family would take advantage of me? and helping my family.. would only be like 6k to pay off my brother's car. and the remaining 70k on my mothers house. and like 10k to finish remodeling my grandmothers house. so.. that would be less then 1/25th of my money.. where all but a little of the rest would be put into high end CDs building interest over the following years.

As for taking care of my friends while we chill.. i'm talking little things like the movies or something.. I wouldn't be buying them cars and taking them on vacations.

Quote from: NotSoCheerios on June 07, 2010, 03:20:00 PM
As for taking care of my friends while we chill.. i'm talking little things like the movies or something.. I wouldn't be buying them cars and taking them on vacations.

Paying for your friends weed will most definitely add up.