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Topic: You've just won the lottery.
Karnaj
Road Warrior Queef
posted 09-27-2006 03:23:06 PM
Specifically, you are the sole winner of a 50 million dollar drawing. Your options are: annual payments over a twenty year period which total, after taxes and all that happy crappy, about 29 million dollars, or a single lump sum payout, which, after taxes and associated penalties, totals about 23 million.

Which do you take, and what do you do with all that money?

For me, I'd take the lump sum. 1 million goes into a "Frivolous shit account," and the rest gets conservatively invested. I live happily and lazily ever after off the interest. As for the 1 million, Some items up for purchase would be:
[list]

  • a kegerator
  • a nice long vacation in Germany
  • a trip to Svalbard or some other Arctic locale for some summer fun.
  • a tricked out home network, complete with multiple internet connections bandwidth-aggregated on purpose-build hardware applicance, firewall, a domain controller/file/print server, and at least four servers to host, well, anything I wanted to.
  • several cars: a gas sipper for daily driving, a sports car (probably an RX-8) for fun stuff, and an old, full-sized SUV with a nasty lift kit for rugged stuff.

    I'd probably buy a house, too. Nothing huge, though. Probably 3 bedrooms, 2.5 baths. Ahhh, it'd be glorious.

  • That's the American Dream: to make your life into something you can sell. - Chuck Palahniuk, Haunted

    Under capitalism, man exploits man. Under communism, it's just the opposite. - John Kenneth Galbraith



    Beer.

    Maradon!
    posted 09-27-2006 03:26:54 PM
    Lump sum, 50% invested through a broker, 50% invested in the business I want to start.

    Leftovers go to building my tower. Yes, tower, as in wizard tower. I'm serious about this.

    Blindy.
    Suicide (Also: Gay.)
    posted 09-27-2006 03:27:59 PM
    quote:
    Maradon! says ta-ma-to, I say to-ma-to:
    Lump sum, 50% invested through a broker, 50% invested in the business I want to start.

    Leftovers go to building my tower. Yes, tower, as in wizard tower. I'm serious about this.


    Will it be shaped like a giant penis?

    Maradon!
    posted 09-27-2006 03:39:28 PM
    quote:
    Peanut butter ass Shaq Blindy. booooze lime pole over bench lick:
    Will it be shaped like a giant penis?

    I always thought towers more closely resembled giant, elongated breasts.

    That you see a penis must be a sign of your latent homosexuality.

    In short, no probably not.

    Led
    *kaboom*
    posted 09-27-2006 03:42:29 PM
    Lump sum. Investment would come after buying myself my very own Mi-35 Hind-E.

    And chocolate. Maybe some bunnies. And a pepsi.

    Aaron (the good one)
    posted 09-27-2006 03:47:39 PM
    Over time. 1.45 million a year is good enough for me. First thing I'd buy is one of those Japanese super toilets.
    Galbadia Hotel - Video Game Music
    I am Canadian and I hate The Tragically Hip
    Katrinity
    Cookie Goddess!
    posted 09-27-2006 03:48:12 PM
    quote:
    Led wrote this stupid crap:
    And chocolate. Maybe some bunnies. And a pepsi.

    Why not a delicious combo of flavor?! Chocolate Bunnies filled with Pepsi!

    Cookie Goddess Supreme
    Furry Kitsune of Power!
    Pouncer of the 12th degree!
    "Cxularath ftombn gonoragh pv'iornw hqxoxon targh!"
    Translated: "Sell your soul for a cookie?"
    Cadga 2.0
    Pancake
    posted 09-27-2006 03:49:29 PM
    A Cannon large enough to fit every male human into (save a select few). Then id shoot it at the moon. Hopefully makign some sort of nice collage of death.
    Professional Heretic/Sinner/Linux User
    "Every Breath leaves me one less to my last"
    Azakias
    Never wore the pants, thus still wields the power of unused (_|_)
    posted 09-27-2006 03:51:14 PM
    Lump sum.

    3/4 would go to investments/retirement/savings, and the remaining 1/4 would go towards buying my family a new home, at least 2 cars, a beastly computer, and starting a computer game studio.

    "Age by age have men stood up and said to the world, 'From what has come before me, I was forged, but I am new and greater than my forebears.' And so each man walks the world in ruin, abandoned and untried. Less than the whole of his being"
    Falaanla Marr
    I AM HOT CHIX
    posted 09-27-2006 04:54:15 PM
    Lump sum.

    20 million invested so I can live off of the interest.

    1 million to build the house I want. In eastern NC, it wouldn't be that much for the land, leaving a ton for the actual house.

    1 million to pay off my parents house, my grandpa's house, and all of their cars. Same thing for my two brothers. If they want, I'd buy each immediate family member + grandpa any car they wanted. Same for all their debt.

    1 million to set up a scholarship fund at my school.

    1 million to fund a franchise of some restaurant. not sure what that would cost.

    5 million for random spending.

    Skaw
    posted 09-27-2006 05:19:28 PM
    Lump Sum, invest in a substance that could go over paper/cloth and make it resistant to weather, then paper mache myself a house/shack with the rest and coat it in said substance.

    In short: Money House.

    Akiraiu Zenko
    Is actually a giddy schoolgirl
    posted 09-27-2006 05:25:20 PM
    Lump sum, definitely. I'd drop a nice big chunk on my parent's and my sweetie's mother, pay off any debts I've got, then buy a nice, modest house for myself and my sweetie somewhere near the bay area, nearby a number of close friends of mine.

    Hell, I plan on moving there sometime within the next year anyhow, if I can manage it, lottery or no.

    Oh, yeah, and knowing my sweetie, we'd end up with, like, 20 cars.

    The artist formerly known as Zephyer Kyuukaze.
    Reynar
    Oldest Member
    Best Lap
    posted 09-27-2006 05:38:56 PM
    Lump sum. Give 4 weeks notice & retire.

    Invest 75% of it, take the rest and build a vacation home up north, and start doing all of the world traveling that is on my list.

    "Give me control of a nation's money, and I care not who makes its laws."
    -Mayer Rothschild
    Almond
    Intellectual Socialist
    posted 09-27-2006 05:49:56 PM
    Lump SUM why? inflation. Its worth more now than it is over time. Set aside 10% in trust for the family I hope to have. 10% to charity 10% for whatever reasons.

    10% into long term safe investments 40% into real estate investment and the last 20% into personal use (car&house)

    Y.O.T.C
    No longer a Towel Girl
    posted 09-27-2006 06:03:14 PM
    quote:
    Skaw had this to say about dark elf butts:
    Lump Sum, invest in a substance that could go over paper/cloth and make it resistant to weather, then paper mache myself a house/shack with the rest and coat it in said substance.

    In short: Money House.


    ... Metal...

    Steven Steve
    posted 09-27-2006 06:06:11 PM
    quote:
    Everyone wondered WTF when Maradon! wrote:
    Lump sum, 50% invested through a broker, 50% invested in the business I want to start.

    Leftovers go to building my tower. Yes, tower, as in wizard tower. I'm serious about this.


    Dude I was planning on living in a wizard tower too

    "Absolutely NOTHING [will stop me from buying Diablo III]. I will buy it regardless of what they do."
    - Grawbad, Battle.net forums

    "Don't want to sound like a fanboy, but I am with you. I'll buy it for sure, it's just a matter of for how long I will be playing it..."
    - Silvast, Battle.net forums

    Mr. Parcelan
    posted 09-27-2006 06:48:33 PM
    Lump sum.

    Invest.

    Gain funds enough to secure a private army.

    Take over a small African country with little effort.

    Boost the economy while flying under the radar of the United Nations.

    Eventually expand further, fighting up to the Middle East.

    Become a global nuisance.

    Manticore
    Not Much Fun Anymore
    posted 09-27-2006 06:58:42 PM
    lump sum. I'd donate about 25% to the leading Alzheimer treatment facility and then build various houses for my close friends + family. Then I'd probably just swim in the remainder.
    "France tried to turtle, but Hitler did a tank rush before they were ready. Just shows how horribly unbalanced real life is. They should release a patch."
    CBTao
    Pancake
    posted 09-27-2006 08:39:25 PM
    Lump sum.

    Clear fiscal debts, clear other debts (gotta look out for your friends)

    Set up a 20% of Net winnings slush fund, invest the rest through my Head-of-the-bank in Mass. uncle.

    After that year, move back to the US, namely Atlanta, and start my business.

    Provide for the initial employees of my business to move to the ATL.

    Maradon understands what I'm talking about.

    Maradon!
    posted 09-27-2006 08:47:39 PM
    quote:
    Over the mountain, in between the ups and downs, I ran into Mr. Parcelan who doth quote:
    Become a global nuisance.

    Good one.

    Akiraiu Zenko
    Is actually a giddy schoolgirl
    posted 09-27-2006 08:49:52 PM
    Wow...a wizard tower would rock.

    I wonder how much it'd cost to get one built...damn stairs'd sure get you in shape fast, though.

    The artist formerly known as Zephyer Kyuukaze.
    Maradon!
    posted 09-27-2006 08:52:50 PM
    quote:
    x--Zephyer KyuukazeO-('-'Q) :
    Wow...a wizard tower would rock.

    I wonder how much it'd cost to get one built...damn stairs'd sure get you in shape fast, though.


    Everybody knows wizard towers rely on telekinesis and/or teleporters.

    Or at least elevators.

    The hardest part to swing is plumbing, so you're kinda stuck having to go to the ground floor to go to the bathroom. Other than that the cost should be only slightly higher than constructing a house out of the same material (obsidian)

    Maradon! fucked around with this message on 09-27-2006 at 08:54 PM.

    Willias
    Pancake
    posted 09-27-2006 08:53:47 PM
    Lump sum.

    Take enough money to buy a house and buy a decent car, you know just pay it all off right then right there.

    Pay my parents' house off.

    Put enough money somewhere safe so that I can buy my brother a home and car eventually.

    Fully furnish a home. Doesn't have to be super nice, neither does the house, something livable and something that could house a decent sized family. This includes a top of the line computer and HDTV.

    Stick enough money somewhere else that's safe so I have cash to buy food and crap with for the rest of the year.

    Then stick the rest in a 3% savings account at the bank and kick back.

    Willias fucked around with this message on 09-27-2006 at 08:54 PM.

    Maradon!
    posted 09-27-2006 08:55:50 PM
    quote:
    Peanut butter ass Shaq Willias booooze lime pole over bench lick:
    Then stick the rest in a 3% savings account at the bank and kick back.

    Considering that you're talking about millions of dollars, you'd actually have to work pretty hard to find a financial institution that would only give you 3%

    Willias
    Pancake
    posted 09-27-2006 08:58:25 PM
    Whatever, I'm just saying that 3% would probably be enough, and the little money I have in the bank (in a savings account) is only 3%.

    If I could be offered more, and be able to withdraw money as I need, I'd go with that.

    Willias fucked around with this message on 09-27-2006 at 08:59 PM.

    Maradon!
    posted 09-27-2006 09:00:21 PM
    quote:
    Peanut butter ass Shaq Willias booooze lime pole over bench lick:
    Whatever, I'm just saying that 3% would probably be enough, and the little money I have in the bank (in a savings account) is only 3%.

    If I could be offered more, and be able to withdraw money as I need, I'd go with that.


    You are nowhere near assertive enough to make it as a rich person.

    Willias
    Pancake
    posted 09-27-2006 09:03:44 PM
    With a few million, I wouldn't care about being rich. I'd care about not doing shit for the rest of my life and having enough cash to always support myself and to buy the few things I want.
    Karnaj
    Road Warrior Queef
    posted 09-27-2006 09:09:33 PM
    quote:
    Maradon! still thinks SARS jokes are topical, as evidenced by:
    Everybody knows wizard towers rely on telekinesis and/or teleporters.

    Or at least elevators.

    The hardest part to swing is plumbing, so you're kinda stuck having to go to the ground floor to go to the bathroom. Other than that the cost should be only slightly higher than constructing a house out of the same material (obsidian)


    Look for Chuck Pahlaniuk's Stranger than Fiction. There's an article in there about real people who've built castles here in the United States. Working stiffs, too.

    That's the American Dream: to make your life into something you can sell. - Chuck Palahniuk, Haunted

    Under capitalism, man exploits man. Under communism, it's just the opposite. - John Kenneth Galbraith



    Beer.

    `Doc
    Cold in an Alley
    posted 09-27-2006 09:23:52 PM
    Lump sum, buy a house for myself, invest the rest in a combination of property, stocks, and more conservative investments. I'd phase out of my current job, so that nobody got left in the lurch, and devote more time to writing. Maybe I'd continue working with reduced hours, just to keep a consistent routine.
    Base eight is just like base ten, really... if you're missing two fingers. - Tom Lehrer
    There are people in this world who do not love their fellow human beings, and I hate people like that! - Tom Lehrer
    I want to be a race car passenger; just a guy who bugs the driver. "Say man, can I turn on the radio? You should slow down. Why do we gotta keep going in circles? Can I put my feet out the window? Man, you really like Tide..." - Mitch Hedberg
    Please keep your arms, legs, heads, tails, tentacles, pseudopods, wings, and/or other limb-like structures inside the ride at all times.
    Please submit all questions, inquests, and/or inquiries, in triplicate, to the Department of Redundancy Department, Division for the Management of Division Management Divisions.

    Callalron
    Hires people with hooks
    posted 09-27-2006 09:50:05 PM
    Lump sum. Good house for Elena and I. Pay off my parents house, money for her family back in Russia and set up trust funds for any kids we have and make sure we never have work again, unless we want to.

    The rest gets invested and we get to play philanthropist. Nothing huge, like in a Bill and Melinda Gates way. But you know those stories you see on TV where the local animal shelter's roof falls in or some charity's water heater blows up and floods their office? I'd be the guy who calls them and says, "Don't worry about the bill, send it to me". Or at Christmas when they do the Angel Tree thing for underprivilege kids? I'd let the TV station know that it's in the bag. If they don't get sponsors for all the kids, send any who don't to me and I'll make sure they get something nice for Christmas.

    Callalron
    "When mankind finally discovers the center of the universe, a lot of people are going to be upset that it isn't them."
    "If you give a man a fish he'll eat for a day. If you teach a man to fish he'll just go out and buy an ugly hat. But if you talk to a starving man about fish, then you've become a consultant."--Dogbert
    Arvek, 41 Bounty Hunter
    Vrook Lamar server
    Sentow, Maybe
    Pancake
    posted 09-27-2006 10:45:27 PM
    First of all, lump sum. I wouldn't be able to do much getting (relatively) little payments over so many years. Anyway, I'd:

    1. Buy a house. Nothing fancy, just a little, quiet place where I can be by myself. Oh, and it has to have a fireplace. You know, for fires.

    2. Open an arcade, for two reasons. First of all, it would be sort of awesome to run my own arcade. Secondly, the winnings won't last forever and I'll need some way to support myself.

    3. Give a lot of money to my family, who needs it more than me.

    4. Do something charitable. Maybe create some sort of shelter/clinic for the homeless which, instead of just giving them a cot and a bowl of soup, would strive to help them rejoin the work force by cleaning them up, rehabilitating them (if necessary) and giving them a place to live while they're job-hunting.
    Obviously there a ton of problems with this idea. I'm still working out the details OK jeez

    Alternately, I'd just donate a ton of it to an existing charity, which needs it more than me.

    EDIT: 5. Just once, I'd completely fill a webcomic artist's broken computer/oh god I'm moving/hey uh I'm a little down on my luck fund, seeing as how they all have one eventually.

    Sentow, Maybe fucked around with this message on 09-27-2006 at 10:48 PM.

    Once more into the breach, my friends, once more. We'll close the wall with our dead. In peace, nothing so becomes a man as modesty and humility, but when the blast of war blows in our ears, then imitate the action of the tiger, summon up the blood, disguise fair nature with rage and lend the eye a terrible aspect.
    Willias
    Pancake
    posted 09-27-2006 10:52:24 PM
    quote:
    Sentow, Maybe said this about your mom:
    2. Open an arcade, for two reasons. First of all, it would be sort of awesome to run my own arcade. Secondly, the winnings won't last forever and I'll need some way to support myself.

    Yeah they can.

    Stick the cash in a bank, they'll add more to it every year by a percentage.

    Even with only 3% interest on a savings account, it'd be fucking easy to live off that with a few mil.

    Sentow, Maybe
    Pancake
    posted 09-27-2006 10:58:01 PM
    quote:
    Willias attempted to be funny by writing:
    Yeah they can.

    Stick the cash in a bank, they'll add more to it every year by a percentage.

    Even with only 3% interest on a savings account, it'd be fucking easy to live off that with a few mil.


    Well, yeah, reason 2 was pretty much bumpkis (or... however you spell that). I was just looking for some financial justification for owning a building full of video games.

    Once more into the breach, my friends, once more. We'll close the wall with our dead. In peace, nothing so becomes a man as modesty and humility, but when the blast of war blows in our ears, then imitate the action of the tiger, summon up the blood, disguise fair nature with rage and lend the eye a terrible aspect.
    Maradon!
    posted 09-27-2006 10:59:51 PM
    quote:
    Peanut butter ass Shaq Sentow, Maybe booooze lime pole over bench lick:
    Well, yeah, reason 2 was pretty much bumpkis (or... however you spell that). I was just looking for some financial justification for owning a building full of video games.

    How about bringing joy to people who want to play video games?

    Isn't that a pretty swell reason?

    Willias
    Pancake
    posted 09-27-2006 11:02:56 PM
    That's a pretty fucking awesome reason.

    I kinda almost want to add "and open up an arcade" to my list just because of it!

    Sentow, Maybe
    Pancake
    posted 09-27-2006 11:06:55 PM
    quote:
    The logic train ran off the tracks when Maradon! said:
    How about bringing joy to people who want to play video games?

    Isn't that a pretty swell reason?


    What, are you bucking for some free tokens or something? You have to pay for your joy like everyone else, buddy.
    But yes, that is a swell reason ^^

    Once more into the breach, my friends, once more. We'll close the wall with our dead. In peace, nothing so becomes a man as modesty and humility, but when the blast of war blows in our ears, then imitate the action of the tiger, summon up the blood, disguise fair nature with rage and lend the eye a terrible aspect.
    Peter
    Pancake
    posted 09-27-2006 11:16:17 PM
    quote:
    Check out the big brain on Willias!
    Yeah they can.

    Stick the cash in a bank, they'll add more to it every year by a percentage.

    Even with only 3% interest on a savings account, it'd be fucking easy to live off that with a few mil.


    You are forgetting your dear old uncle Sam. He will take a shit load every year

    Also letting it sit in the bank is supoer retardo. Why would you let those assholes at the bank make money off of your fortune? Invest it your self.

    Willias
    Pancake
    posted 09-27-2006 11:22:31 PM
    quote:
    Peter had this to say about Reading Rainbow:
    You are forgetting your dear old uncle Sam. He will take a shit load every year

    Also letting it sit in the bank is supoer retardo. Why would you let those assholes at the bank make money off of your fortune? Invest it your self.


    Okay, then there must be something I don't understand.

    Okay, after you make the massive amount of millions, pay taxes on it when you get it, and then pay taxes on it again when yearly taxes come up, why would you be taxed for it again?

    I mean, I understand that you'd be taxed on the money you'd make through interest I guess, but why would you be taxed on it again?

    Maradon!
    posted 09-27-2006 11:24:14 PM
    quote:
    Petering:
    You are forgetting your dear old uncle Sam. He will take a shit load every year

    ALTERNATIVE MINIMUM TAX also known as RAPE AT GUNPOINT

    quote:
    Also letting it sit in the bank is supoer retardo. Why would you let those assholes at the bank make money off of your fortune? Invest it your self.

    s'what I'm saying. With so much money you're looking at an immense portfolio with almost zero risk and signifigant returns.

    Maradon!
    posted 09-27-2006 11:26:37 PM
    quote:
    Peanut butter ass Shaq Willias booooze lime pole over bench lick:
    Okay, then there must be something I don't understand.

    Okay, after you make the massive amount of millions, pay taxes on it when you get it, and then pay taxes on it again when yearly taxes come up, why would you be taxed for it again?

    I mean, I understand that you'd be taxed on the money you'd make through interest I guess, but why would you be taxed on it again?


    Welcome to the world where the government points a gun at you and takes your money with no real justification!

    Income tax, capital gains tax, various wealth taxes, the list goes on and on! Balk and a man shows up with a gun to carry you off to jail. Complain and you're painted a right wing extremist.

    All times are US/Eastern
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