Mega Millions at 1.6 billion

[IroNat]

I'd change my name, move to Montana and raise alpacas.

[Skylge]

Ask Kevin Garnett, who earned about 365 mil during his NBA career.  Wife is about to divorce him in California and get half.  Attorneys and CPAs have fucked up the other half. 

Marriage = most expensive day of your life

[Agnostic007]

First I'd put away a huge chunk of the money and never touch it to make sure I never end up poor.  Even though inflation is slowly robbing me I'd be ok with that to make sure I didn't royally fuck up.

The second thing I would do would be to lawyer up.  Expensive Jew lawyers.  The best lawyers money can buy.  I'd also hire security to keep me from getting jacked.

Next I'd buy some apartment buildings in good cash flowing areas to generate a huge source of passive income that would go on forever.  I'd hire a property management company to deal with the BS.

Only then would I start to buy myself some of the bullshit that I want to waste money on like fast cars and expensive Russian whores.

After my empire was as bulletproof as possible, then I would start giving some money away to family, friends, and charity.  I would not buy a giant house.  I would rent where I lived to stay flexible and avoid money pits.

I think that would be a financial mistake. Had a coworker hit the Texas Lotto for 95 Million. He and his wife got 51 million. He is now the Sheriff of Williamson County TX. yes... the dude still works... crazy. But he would recommend taking pics of the ticket, putting the ticket in a safe deposit box, getting a lawyer and Financial planner first before claiming the prize. That would allow them to set up some products that would alleviate some of the tax burden, and when I'm looking at Uncle Sam wanting 202 million of my money, every little bit helps. Change your phone number is another thing.

Side story, he remained at APD for about a year after winning, thinking he was just going to continue his career. His lawyer became like a Colonel Parker, controlling his every dime. it was almost like he was brainwashing him. He would not spend a dime. He invited his former shift mates out to dinner to celebrate and when the check came he had them separate the bill. Here is a guy that was making more off interest in a day then those people were making in a month. It got so bad his wife was about to leave him. He finally broke the spell and canned the lawyer. I guess there are extremes both ways.

[Skylge]

First I'd put away a huge chunk of the money and never touch it to make sure I never end up poor.  Even though inflation is slowly robbing me I'd be ok with that to make sure I didn't royally fuck up.

The second thing I would do would be to lawyer up.  Expensive Jew lawyers.  The best lawyers money can buy.  I'd also hire security to keep me from getting jacked.

Next I'd buy some apartment buildings in good cash flowing areas to generate a huge source of passive income that would go on forever.  I'd hire a property management company to deal with the BS.

Only then would I start to buy myself some of the bullshit that I want to waste money on like fast cars and expensive Russian whores.

After my empire was as bulletproof as possible, then I would start giving some money away to family, friends, and charity.  I would not buy a giant house.  I would rent where I lived to stay flexible and avoid money pits.

If that huge chunck ends up in a bank, you might lose it when that financial goes bankrupt at the next recession.....
As with the previous one, debt is the usual problem. Except this time it's worse than in 2008/2009...

[Big Daddy Caine]

Well folks, it hit a billion dollars!!!!!

Don't ever ever take the lump sum payment, besides getting less, way too easy to blow it all. Just take the installments.

[IroNat]

Jed gets rich...

[Hypertrophy]

I think that would be a financial mistake. Had a coworker hit the Texas Lotto for 95 Million. He and his wife got 51 million. He is now the Sheriff of Williamson County TX. yes... the dude still works... crazy. But he would recommend taking pics of the ticket, putting the ticket in a safe deposit box, getting a lawyer and Financial planner first before claiming the prize. That would allow them to set up some products that would alleviate some of the tax burden, and when I'm looking at Uncle Sam wanting 202 million of my money, every little bit helps. Change your phone number is another thing.

Side story, he remained at APD for about a year after winning, thinking he was just going to continue his career. His lawyer became like a Colonel Parker, controlling his every dime. it was almost like he was brainwashing him. He would not spend a dime. He invited his former shift mates out to dinner to celebrate and when the check came he had them separate the bill. Here is a guy that was making more off interest in a day then those people were making in a month. It got so bad his wife was about to leave him. He finally broke the spell and canned the lawyer. I guess there are extremes both ways.

Never working again, no matter how well off you are, is the quick path to an early death. Humans were meant, through evolution, to react to stress and challenges. Not having any leads to rapid aging or worse - self destruction..

As for stashing money away, etc, etc, most people do not have any idea of what it's like to have a few million in the bank, let alone many of them. A million dollars in cash in most parts of the country is a staggering amount  (except of course to the jetset getbiggers...) I sold a business and achieved that goal and it was surprising. I had to start another business shortly after because my life needed a purpose- like 99% of people. Lots of money in assets felt magical at first but then the thought faded. It doesn't change your life that much, really.

I also realized quickly that happiness comes from what you do, not what you have. Large sums of money can control you too, instead of the other way around.

If people know you have money, they become very superficial. Better to just keep everything quiet and live a normal life with a few perks- like being able to take the time to do whatever you want, with people you like.

[Earl1972]

Never working again, no matter how well off you are, is the quick path to an early death. Humans were meant, through evolution, to react to stress and challenges. Not having any leads to rapid aging or worse - self destruction..

volunteer for good causes

don't work a job when you don't need the money, you're just taking a job from somebody that needs it a lot more than you

E

[Earl1972]

Ask Kevin Garnett, who earned about 365 mil during his NBA career.  Wife is about to divorce him in California and get half.  Attorneys and CPAs have fucked up the other half. 

that absolutely shocks me

he was never the best player or face of the league and he's only known to nba fans he's not transcendent like lebron, shaq, kobe, or michael and i can't think of anything that he endorses

E

[illuminati]

Marriage = most expensive day of your life

No not quite - Divorce is usually.

[Notomorrow]

Which means Thousands of dupes lost about 2 billion for someone to get rich....lotto gives barely above half of revenue to prizes. And the slow payout means they hold the money and of course get interest on it..over 30 years of interest so basically after taxes they dont pay anything.

But, you are helping our wonderful public education system.

[Agnostic007]

Well folks, it hit a billion dollars!!!!!

Don't ever ever take the lump sum payment, besides getting less, way too easy to blow it all. Just take the installments.

always take the lump sum.

[jaejonna]

I agree with the turn the phone off part.

Then you have to reach out to a lawyer first, financial advisor can wait the next week. With that type of money you just need to do some basic investing and live off the interest.

Traveling the world to my heart's content will let me find out what I would do next.

[Pray_4_War]

I think that would be a financial mistake. Had a coworker hit the Texas Lotto for 95 Million. He and his wife got 51 million. He is now the Sheriff of Williamson County TX. yes... the dude still works... crazy. But he would recommend taking pics of the ticket, putting the ticket in a safe deposit box, getting a lawyer and Financial planner first before claiming the prize. That would allow them to set up some products that would alleviate some of the tax burden, and when I'm looking at Uncle Sam wanting 202 million of my money, every little bit helps. Change your phone number is another thing.

Side story, he remained at APD for about a year after winning, thinking he was just going to continue his career. His lawyer became like a Colonel Parker, controlling his every dime. it was almost like he was brainwashing him. He would not spend a dime. He invited his former shift mates out to dinner to celebrate and when the check came he had them separate the bill. Here is a guy that was making more off interest in a day then those people were making in a month. It got so bad his wife was about to leave him. He finally broke the spell and canned the lawyer. I guess there are extremes both ways.

You're right.   Jew lawyers first.

Also, I'm definitely take the lump sum right now.

[robcguns]

I’d try to purchase basils bicep supination machine.

[FitnessFrenzy]

How would you even begin to spend $346 million dollars? It boggles the mind.

I have just downed a few beers but this is my most realistic guess at the moment:

- buy house for 800 k

- buy a nice car for 100 k

- buy art etc. for 100 k.

- invest the rest and keep 20% in cash

you would never have to work again and I would enjoy frequent restaurant visits, body massages etc.

[Notomorrow]

$970,000,000

After Taxes, lawyers, accountants = $485,000,000

Monthly payout over 30 years =1.6 million

Value of 1.6 million in 30 years =$160,000/month

Not including Jewelry, prostitutes, divorce from prostitutes,swindled on bad investments, lawyers for frivolous lawsuits...etc.....If you are very humble you could retire and cruise with this lottery...but odds are you'll be bankrupt.

[NarcissisticDeity]

For anyone interested in what their payments would theoretically be check here by state https://www.usamega.com/mega-millions-jackpot.asp

My state ( Massachusetts )

Massachusetts: 5% State Tax   - $1,666,667
- $28,280,000
Your average net per year: $23,666,666      Your net payout: $401,576,000
After 30 payments: $709,999,980
Annuity Payment Schedule

State:   
Massachusetts
Drawing Date:     Fri, Oct 19, 2018
Jackpot:   $1,000,000,000
Federal Tax:     24%
State Tax:   5.00%
Report:   Mega Millions annuity payout schedule (30 annual payments)

Year   Gross Payment   Federal Taxes   State Taxes   Net Payment
1   $15,051,435   $3,612,344   $752,572   $10,686,519
2   $15,804,007   $3,792,962   $790,200   $11,220,845
3   $16,594,207   $3,982,610   $829,710   $11,781,887
4   $17,423,918   $4,181,740   $871,196   $12,370,982
5   $18,295,113   $4,390,827   $914,756   $12,989,530
6   $19,209,869   $4,610,369   $960,493   $13,639,007
7   $20,170,363   $4,840,887   $1,008,518   $14,320,958
8   $21,178,881   $5,082,931   $1,058,944   $15,037,006
9   $22,237,825   $5,337,078   $1,111,891   $15,788,856
10   $23,349,716   $5,603,932   $1,167,486   $16,578,298
11   $24,517,202   $5,884,128   $1,225,860   $17,407,213
12   $25,743,062   $6,178,335   $1,287,153   $18,277,574
13   $27,030,215   $6,487,252   $1,351,511   $19,191,453
14   $28,381,726   $6,811,614   $1,419,086   $20,151,025
15   $29,800,812   $7,152,195   $1,490,041   $21,158,577
16   $31,290,853   $7,509,805   $1,564,543   $22,216,506
17   $32,855,395   $7,885,295   $1,642,770   $23,327,330
18   $34,498,165   $8,279,560   $1,724,908   $24,493,697
19   $36,223,073   $8,693,538   $1,811,154   $25,718,382
20   $38,034,227   $9,128,214   $1,901,711   $27,004,301
21   $39,935,938   $9,584,625   $1,996,797   $28,354,516
22   $41,932,735   $10,063,856   $2,096,637   $29,772,242
23   $44,029,372   $10,567,049   $2,201,469   $31,260,854
24   $46,230,840   $11,095,402   $2,311,542   $32,823,896
25   $48,542,382   $11,650,172   $2,427,119   $34,465,091
26   $50,969,502   $12,232,680   $2,548,475   $36,188,346
27   $53,517,977   $12,844,314   $2,675,899   $37,997,764
28   $56,193,875   $13,486,530   $2,809,694   $39,897,651
29   $59,003,569   $14,160,857   $2,950,178   $41,892,534
30   $61,953,748   $14,868,900   $3,097,687   $43,987,161
Total   $1,000,000,002   $240,000,000   $50,000,000   $710,000,001

[SF1900]

I’d try to purchase basils bicep supination machine.

You can’t. Basiles bicep supination machine is like the Mona Lisa.....it’s pricelesss. It’s not up for sale.

[IRON CROSS]

I’d try to purchase basils bicep supination machine.

transport costs 

[IRON CROSS]

You can’t. Basiles bicep supination machine is like the Mona Lisa.....it’s pricelesss. It’s not up for sale.

yeah, belongs to museum of worthless creations 

[Bevo]

There’s a website that tells you what to do if you win big money. Turn your phone off and call a financial advisor. Set your family up for generations. I’d travel the world with my wife and kids and buy a nice house on about 100 acres.

Financial advisor is such bs, people that blow through that much money are idiots regardless of having an advisor or not

[Dave D]

that absolutely shocks me

he was never the best player or face of the league and he's only known to nba fans he's not transcendent like lebron, shaq, kobe, or michael and i can't think of anything that he endorses

E

Earl KG was the face of the first $100 million contract and that contract (becoming a standard for unproven talent)   eventually led to the NBA lockout.

volunteer for good causes

don't work a job when you don't need the money, you're just taking a job from somebody that needs it a lot more than you

E

Having a need doesn't mean someone else deserves, or is a good fit for a job. If someone chooses to keep a job despite having money then it's their job to lose. If there's someone more deserving they will be replaced.

Come on man.

[RJ DRIVER]

And now it’s 1.6 billion 

[SF1900]

And now it’s 1.6 billion 

Getbiggers consider 1.6 bilion to be lower middle class.