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Maulkin
Shivering Isles Resident
Joined : 27 Mar 2007
Posts : 9475
|  Subject: Re: What would you do if...  Thu Jun 05, 2008 2:32 pm | |
| Hmmmm... 5 million for me for the rest of my life, 5 million to my church (if they'd accept it), and 20 million to cancer research.
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revanmal
Joined : 09 Sep 2007
Posts : 353
| | Subject: Re: What would you do if... Thu Jun 05, 2008 2:53 pm | |
| You know they would. After all, money trumps morality.
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Jade
Shipping Fangirl
Age : 20
Joined : 11 Aug 2007
Posts : 1147
Location : Venus
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Maulkin
Shivering Isles Resident
Joined : 27 Mar 2007
Posts : 9475
| | Subject: Re: What would you do if... Thu Jun 05, 2008 3:33 pm | |
| | revanmal wrote: | | You know they would. After all, money trumps morality. |
I doubt it. There are more important things than money, for us. If I got the money by a legitimate method (good/lucky investing), however, then it'd be fine.
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Kamineko
Joined : 01 Jun 2008
Posts : 274
Location : RIGHT BEHIND YOU OSHI--!
| | Subject: Re: What would you do if... Thu Jun 05, 2008 4:36 pm | |
| | Maulkin wrote: |
I doubt it. There are more important things than money, for us. If I got the money by a legitimate method (good/lucky investing), however, then it'd be fine. |
I think "lucky" investing is about on par with winning the lottery.
So wait, churches don't accept money that you won by gambling? I didn't know that.
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| Quote: | | the world is a mess and I just need to... rule it |
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Magello
The Man Without a Rank
Joined : 13 Oct 2007
Posts : 2381
| | Subject: Re: What would you do if... Thu Jun 05, 2008 4:42 pm | |
| | cosine wrote: | | Maulkin wrote: |
I doubt it. There are more important things than money, for us. If I got the money by a legitimate method (good/lucky investing), however, then it'd be fine. |
I think "lucky" investing is about on par with winning the lottery.
So wait, churches don't accept money that you won by gambling? I didn't know that. |
They don't?
Should I cancel my poker game with the Chaplain?
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Vault Dweller
RAAAAAAAGE
Joined : 09 Sep 2007
Posts : 2675
Location : Australia
| | Subject: Re: What would you do if... Fri Jun 06, 2008 1:10 am | |
| | I WOULD KEEP IT AS SECRET AS POSSIBLE |
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kilroywuzheere
Good With Catsup
Age : 19
Joined : 06 May 2008
Posts : 244
Location : The men in the white lab coats won't tell me
| | Subject: Re: What would you do if... Fri Jun 06, 2008 1:15 am | |
| I would use all that I needed to go to school. Then I'd probably do nothing with it. It'd sit in a savings account. I'd probably just go about life normally from there.
Eventually, I'd buy my own island. (Yeah.... Right...) |
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Tangent
Joined : 30 May 2008
Posts : 19
| | Subject: Re: What would you do if... Fri Jun 06, 2008 2:05 am | |
| Step one: I'd make darn sure that all pertinant windfall taxes are paid (didn't Willy Nelson get screwed over because his accountant neglected to have the taxes due on his own lottery winnings paid?) 
Step two: freak out. 
Step three: Try to remember which payout method (lump sum or yearly inrements) actually gets me the greater bulk of my winnings. Assuming that they give me a choice...
Step four: freak out.
Step five: Set up two or more bank accounts for the money to go into, with one being a "mad money" account. 
Step six: freak out.
Step seven: Buy a PS3, a house, a new car, a lot of games, and random stuff. Possibly even in that order...
Step eight: calm down - 'cause it's not good to be freaked out all the time.  |
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Maulkin
Shivering Isles Resident
Joined : 27 Mar 2007
Posts : 9475
| | Subject: Re: What would you do if... Fri Jun 06, 2008 2:44 am | |
| | Tangent wrote: | | Step three: Try to remember which payout method (lump sum or yearly inrements) actually gets me the greater bulk of my winnings. Assuming that they give me a choice... |
Time value of money - money now is worth more than money in the future (adjusting for inflation, of course). The lotto companies will account in an exorbent percentage that will greatly reduce your total winnings if you were to take it all at once, rather than just getting 1 mill per year (or so). Go with incremental payments.
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Kamineko
Joined : 01 Jun 2008
Posts : 274
Location : RIGHT BEHIND YOU OSHI--!
| | Subject: Re: What would you do if... Fri Jun 06, 2008 6:47 am | |
| IT'S MY MONEY
AND I NEED IT NOOOOW!
> O
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| Quote: | | the world is a mess and I just need to... rule it |
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Gilgamesh
Age : 20
Joined : 09 Apr 2007
Posts : 5977
Location : Australia
| | Subject: Re: What would you do if... Fri Jun 06, 2008 10:55 am | |
| You should never need more than a million a year.
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You're about to die. Scream if you must. |
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Maulkin
Shivering Isles Resident
Joined : 27 Mar 2007
Posts : 9475
| | Subject: Re: What would you do if... Fri Jun 06, 2008 12:38 pm | |
| | Gilgamesh wrote: | | You should never need more than a million a year. |
QFT.
Though, I do think that it's false advertising to say you'll get twenty million, and give it over the course of several years. People, when they bought the ticket, expect to get all the money at once if they win, a deception that the company knew about but continued to allow.
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