$240 MILLION - NC Lotto!
01-22-2007 | 03:36 PM
#1
Thread Starter
Former Moderator
Joined: Nov 2000
Posts: 25,439
Likes: 2
From: St. Louis, MO
$240 MILLION - NC Lotto!
Alright...the NC Lotto is up to $240 MILLION!!!
That's right...MILLLLLLLLLLLLLLLLLLLLION!!!
So...what would YOU do if you won???
I'd buy an "S2000 Lodge" at the Dragon...you know...give "back" to the community.
That's right...MILLLLLLLLLLLLLLLLLLLLION!!!
So...what would YOU do if you won???
I'd buy an "S2000 Lodge" at the Dragon...you know...give "back" to the community.
01-22-2007 | 07:41 PM
#6
Registered User
Joined: Sep 2006
Posts: 1,623
Likes: 0
From: New York, NY
1) Pay off my debt
2) pay off my parents debt
3) give my sister enough $$ to pay off her debt + future college costs
4) Invest the max 401(k) and the max Roth and traditional IRA for that tax year
5) 2 yrs salary - savings account (liquid in case of tragedy/need)
6) buy property (probably no more than $300k) in Charlotte
7) Buy apartment in NYC
8) Buy apartment in London
9) Buy flying lessons
10) buy small plane
11) buy private jet (and, well, a polit fly it)
12) See a good fin. manager and figure out what to do with the rest keeping enough to....
13) go to one new country each year for the next 20 years (figure about $80k including all spending and traveling costs)
I'd keep working, buy a daily driver, put nice things in my modest-sized house, enjoy my apartment/flat, travel at least one weekend a month and keep moving money from whatever my fin.manager tells me to do around (retirement or something as equally long term with moderate/low risk) and only use the interest gains to buy things like new houses (investment property) or perhaps begin investigating being an angel investor.
Soooooo I'm bored and I've actually thought about what I'd do with a lot of $$. To be fair I've only really reached "paying off my families debt and buying myself a house and maxing out retirement contributions for that year" concretely, in that order. Probably not the smartest but it's what I'd do
Wow, that was long....
2) pay off my parents debt
3) give my sister enough $$ to pay off her debt + future college costs
4) Invest the max 401(k) and the max Roth and traditional IRA for that tax year
5) 2 yrs salary - savings account (liquid in case of tragedy/need)
6) buy property (probably no more than $300k) in Charlotte
7) Buy apartment in NYC
8) Buy apartment in London
9) Buy flying lessons
10) buy small plane
11) buy private jet (and, well, a polit fly it)
12) See a good fin. manager and figure out what to do with the rest keeping enough to....
13) go to one new country each year for the next 20 years (figure about $80k including all spending and traveling costs)
I'd keep working, buy a daily driver, put nice things in my modest-sized house, enjoy my apartment/flat, travel at least one weekend a month and keep moving money from whatever my fin.manager tells me to do around (retirement or something as equally long term with moderate/low risk) and only use the interest gains to buy things like new houses (investment property) or perhaps begin investigating being an angel investor.
Soooooo I'm bored and I've actually thought about what I'd do with a lot of $$. To be fair I've only really reached "paying off my families debt and buying myself a house and maxing out retirement contributions for that year" concretely, in that order. Probably not the smartest but it's what I'd do
Wow, that was long....
01-22-2007 | 07:55 PM
#7
Registered User
Joined: Sep 2001
Posts: 5,287
Likes: 0
Let's see...
Taxes will be 51% which leaves something under $118M.
At a modest CD rate of 5.25 %, I can epect an annual income of $6,195,000 gross and with another 51% to taxes, a net of $3,035,550.
Or $8,316 per day.
Or $1,039 per work day hour.
At that rate I might be able to pay DEIGER's mechanic.
Taxes will be 51% which leaves something under $118M.
At a modest CD rate of 5.25 %, I can epect an annual income of $6,195,000 gross and with another 51% to taxes, a net of $3,035,550.
Or $8,316 per day.
Or $1,039 per work day hour.
At that rate I might be able to pay DEIGER's mechanic.
Trending Topics
01-22-2007 | 08:06 PM
#8
Registered User
Joined: May 2005
Posts: 121
Likes: 0
From: Oskaloosa Iowa
I would buy the Dragon and declare open season on those Idiots who cross the yellow line. Just kidding!!
Here is the real list.
1. Give first 10% to churches around country in need
2. Pay off all my debt, my parents debt and trust fund for my 5 kids
3. Buy my wife her own S so I can do what I want with mine
4. Buy speed shop and develop performance parts for the S
5. Build my own track based resort development and put with in minutes of the Dragon.
Here is the real list.
1. Give first 10% to churches around country in need
2. Pay off all my debt, my parents debt and trust fund for my 5 kids
3. Buy my wife her own S so I can do what I want with mine
4. Buy speed shop and develop performance parts for the S
5. Build my own track based resort development and put with in minutes of the Dragon.
01-22-2007 | 09:06 PM
#10
Joined: Jul 2004
Posts: 1,357
Likes: 3
From: Charlotte
1. Call Exotic Car of Raleigh to deliver a Lamborghini Mercielago Spyder to the front of my dorm by 12pm tommorow!
2. Write the a school a check to pay for my tuition for the Next 10 years!!! ahahhaha!
3. Drive my lambo back to charlotte to house shop, and get a condo downtown in one of the towers.
4. Invest and lay back while reaping all the benefits from the investments only!
5. Suprise mom and pops and let them reap the benefits as well as all the other family members.
6. Tons towards Charity!
2. Write the a school a check to pay for my tuition for the Next 10 years!!! ahahhaha!
3. Drive my lambo back to charlotte to house shop, and get a condo downtown in one of the towers.
4. Invest and lay back while reaping all the benefits from the investments only!
5. Suprise mom and pops and let them reap the benefits as well as all the other family members.
6. Tons towards Charity!