If you won Powerball...

I was having a couple beers with a friend who has an FFL and we were wrapping things up just before 11, when they draw the Powerball numbers. I had bought $20 worth of quick picks because why not, it's up to half a billion dollars. I told him that if he got a long list of guns in a text shortly after he got home that means I won Powerball and I need him to order that list of guns immediately.

Get home, check my tickets and realize I still have to work for a living... But it got me thinking what would be the FIRST thing on your list of wanted items to your FFL?

Mine was:
2 of every different type of Glock. I kind of want to see if they make Glock children if they sit in the safe together. Plus.... Millionaire mag dumps with matching glocks just sounds like a lot of fun.


What is the first thing on YOUR list and why?
Probably learn a new language and leave the country. It won't happen in my parents' lifetime but if we're going to remain under a Democratic dictatorship moving us into Socialism/Communism, this isn't the country my family came to from Germany and Sicily. We've become what they tried to escape.
 
I’d buy out the entire inventory of


And then enough land the built a private museum and runway.
Amazing, they are a lot cheaper than I thought they would be.
 
Pay off bills, buy a house around $150k somewhere in an obscure part of NH, and then buy Miroku. Cash value of PowerBall is currently at around $88 million and Miroku is worth around $36 million. Put say around $25m into the company to get some modern machinery.
Wtf is Miroku? When I googled it all that came up was anime?
 
I’m guessing we are talking $100 million plus in take home winnings. Wife and I have talked about this despite never gambling.

Buy my sister and their husband a house and pay off her veterinary school debt.

Find a nice piece of land somewhere in Montana with acres and acres of land and a couple nice guest houses for family and friends when they come for a visit. Build my own state of the art shooting range and outfit my armory with every toy I’ve ever wanted or didn’t want. All my wife wants is a giant pool.

Ford Raptor pickup in the gunmetal grey.

Sock away enough cash to ensure my son never ends up with any student loan debt. Same for my nephews and god children.

Start some sort of foundation or trust that would donate investment income to St. Jude’s. Wife and I would go buy a bunch of good used cars with an envelope with some gas gift cards, grocery store cards and some toys and find some deserving single parents.

Buy some rental properties and or an apartment complex for rental income and spend the rest of my days running a management company that manages my property. I couldn’t quit working I would go nuts.

Lastly I’d budget some amount like $500 a week to just give away to people I come across in need. Need your electric bill paid? Done. Mom complaining about gas at the pump. Full tank paid for etc. waitress or waiter putting themselves through school? Here’s a nice tip.
 
I wonder if getting doverced is a good strategy.
Not getting divorced because you hate her, but, that way you split the money 50/50.

If anything happens and someone comes after your or her money (because someone will), the other half is shielded.

That, on top of however you secure that much money.
 
I don’t usually gamble. I did buy a $3 quick pick mega millions w/multiplyer.. I find it pretty disheartening/unbelievable that I didn’t even get a single number… So I guess my luck hasn’t changed
 
I’m guessing we are talking $100 million plus in take home winnings. Wife and I have talked about this despite never gambling.

Buy my sister and their husband a house and pay off her veterinary school debt.

Find a nice piece of land somewhere in Montana with acres and acres of land and a couple nice guest houses for family and friends when they come for a visit. Build my own state of the art shooting range and outfit my armory with every toy I’ve ever wanted or didn’t want. All my wife wants is a giant pool.

Ford Raptor pickup in the gunmetal grey.

Sock away enough cash to ensure my son never ends up with any student loan debt. Same for my nephews and god children.

Start some sort of foundation or trust that would donate investment income to St. Jude’s. Wife and I would go buy a bunch of good used cars with an envelope with some gas gift cards, grocery store cards and some toys and find some deserving single parents.

Buy some rental properties and or an apartment complex for rental income and spend the rest of my days running a management company that manages my property. I couldn’t quit working I would go nuts.

Lastly I’d budget some amount like $500 a week to just give away to people I come across in need. Need your electric bill paid? Done. Mom complaining about gas at the pump. Full tank paid for etc. waitress or waiter putting themselves through school? Here’s a nice tip.
Wife and I have had the same conversations. Our current home we'd give to deserving family.....criteria for selection would be a married couple with children and that the father currently has a job.....I'm not giving it to a deadbeat that isn't trying already.

We'd set up a account that the interest would be used for the food pantry at our church.....large enough to fund like $300 a week.

Set my son up by paying off his student loans and a decent truck (We'd set up an investment account for him and keep it secret......hed get it when were gone......he's gotta earn his start in life not gonna give him everything lol)

We'd move to nh for sure. Not a massive mcmansion......10 acres and a modest home like $750k. I'm only 50.....need the money to last.... big mansion means big tax bill and a bunch of stiff I don't need.

As far as guns and such......the house will have a "gun room" for sure.......and I'd upgrade my hunting irons collection......get my ducks in a row and buy 2 bird dogs and take oart in the training with my wufe......she loves dogs.......start traveling to different states in a new airstream trailer for hunting seasons and enjoy some hunting vacations with the wife.
 
A tax attorney....
A CPA Firm....
A Financial advisor.....

Given the statistic that people who win the lottery, spend or lose it all within 7 years of winning the lottery......
 
A tax attorney....
A CPA Firm....
A Financial advisor.....

Given the statistic that people who win the lottery, spend or lose it all within 7 years of winning the lottery......
See my post above....
Notice I didn't say buy 3 ferarris and a mansion. One reason I've read that they lose it all is they don't set it up to live off the interest only......and when you buy big properties they come with big tax bills......you have to set yourself up to have interst earnings that will pay your taxes etc.....most winners spend the principal of the winnings on huge properties and forget the tax man cometh every month or quarter and some of those tax bills can be huge.

I would work to not be one of the ones that pisses it all away.
 
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See my post above....
Notice I didn't say buy 3 ferarris and a mansion. One reason I've read that they lose it all is they don't set it up to live off the interest only......and when you buy big properties they come with big tax bills......you have to set yourself up to have interst earnings that will pay your taxes etc.....most winners spend the principal of the winnings on huge properties and forget the tax man cometh every month or quarter and some of those tax bills can be huge.

I would work to not be one of the ones that pisses it all away.

If you win 100M you need not live only off the interest. A lot of the folks who play the lottery can’t even do basic math.
 
If you win 100M you need not live only off the interest. A lot of the folks who play the lottery can’t even do basic math.
Playing it safe on bank interest alone your going to earn less than 1 percent a year......so let's say your getting 900k a year in interest......of which you'll be paying income taxes on of course. I could live a hell of a nice amazing life on that and never touch the principal. My point is......taxes alone on multiple properties.....main house.....vacation house etc.......could easily run 50k or more a year. People that aren't used to dealing with large windfalls can easily get trapped into spending down the principal of 100 mil if they don't plan to budget on spending the interest only. Thats how most of the big lottery winners end up broke inside of 10 years.
 
Playing it safe on bank interest alone your going to earn less than 1 percent a year......so let's say your getting 900k a year in interest......of which you'll be paying income taxes on of course. I could live a hell of a nice amazing life on that and never touch the principal. My point is......taxes alone on multiple properties.....main house.....vacation house etc.......could easily run 50k or more a year. People that aren't used to dealing with large windfalls can easily get trapped into spending down the principal of 100 mil if they don't plan to budget on spending the interest only. Thats how most of the big lottery winners end up broke inside of 10 years.

If your bank of choice will only give you 1% on 100 million (or any other amount in that neighborhood) I strongly suggest that you shop around for another bank.
 
If your bank of choice will only give you 1% on 100 million (or any other amount in that neighborhood) I strongly suggest that you shop around for another bank.
It wasn't meant to be ver batem just an example of what playing it safe on a windfall lottery winning would get you without going broke in 10 years like most winners do.
 
It is a bummer when you see people who are clearly poor as shit buying tons of a lotto tickets
Then you realize they have a $1,200 phone with all the information they could ever want on how to properly budget, free online classes and all sorts of stuff to educate themselves and do better, and you also realize they get all sorts of help with your tax dollars, and they could do better but are too lazy ...

Some people, a very small percentage, for whatever reason can't help it ... but most of them do it to themselves. I gave up feeling bad for a lot of people. Nonone gives me sh*t for "free" yet my hard work gets raped every two weeks to maintain these "poor" people dumping money on scratch tickets, booze, cigs, junk food and popping children.

I feel bad for the kid born in a ghetto in Argentina, Brazil, China ... those kids are f*cked and only because they were unlucky enough to be born in those situations.
 
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