$345 million vs $900 million

[FlightlessDuck]

What a boring way and a waste of life that would be.

I like dogs and coffee and reading and tv better than doing a job I'm only somewhat interested in so I can afford to continue to care for my dogs and pay for coffee, books, and tv.

Although I'd also do some volunteer work. And go on vacation.

 

[Mackenzie Click-Mickelson]

I’m not sure at what point it becomes more than I could possibly spend, but I would think both numbers exceed that point.

My husband and I were talking about this last night in the car. Either one would allow us personally to not worry about money in general so either one would work lol.

 

[STLDisney_Freak]

I would happily take either. Heck at this point I would be thrilled to win a million.

Million wouldn't allow DH or me to quit our jobs, but it would pay off all our bills so I could look at getting a job that I really cared about instead of a job that I had to have for the money.
DH and I always dream that if we hit the lotto we would get part time jobs that we would love to stay busy, Pay off our bills, Set up our finances for the long haul, set up our kids for college, and then help out our parents.

 

[SgtTibbs]

It's more wealth than you can imagine.

"I don't know, I can imagine quite a bit"
- H. Solo.

 

[ChrisFL]

If I won the jackpot my first calls would be to our tax attorney and accountant to find out what we could do to stay anonymous and protect as much money as possible.

Agreed, and I hate that different states apparently have to publish the identity of the winner.

 

[UncleMike101]

I know I have no chance of winning either jackpot.
I simply enjoy buying tickets and knowing that I've contributed to the jackpot that will make someone else wealthy.

 

[Erzengel]

I'm already thinking of new names since I live in a state where you have to come forward. All the names I think of seem like porn star names, like Brock Hammerstone.

 

[DLgal]

What a boring way and a waste of life that would be.

That's pretty harsh. Not everyone needs a lot to be happy. In fact, this sounds like a great life to me! No stress, do what you want, live peacefully.

 

[Allison]

What a boring way and a waste of life that would be.

Certainly not a waste or boring if it provides contentment to the person doing it.

 

[kaytieeldr]

I'm already thinking of new names since I live in a state where you have to come forward. All the names I think of seem like porn star names, like Brock Hammerstone.

Here's mine: Roni Lorraine Cynicalkins
Here's another one: Pritchett Pritchett Proo
https://www.name-generator.org.uk

 

[dreamin_disney]

I would
1. payoff my house
2. payoff a credit card dh has
3. payoff dd's college (she's in her 2nd year)
4. take a vacation and figure out what to do with the rest
5. put $$ aside for DD and for dh and I . ya never know always good to save for an emergency
6. I'm sure dh would want to payoff his mom's house
7. I'd pay a funeral package for his grandma she's 85 and has nothing planned
8. Take care of funeral packages for me, Dh and DD and extra for future mate
9. Give each sibling some money I have 4 siblings and dh has 4 siblings
10. ???? Dh and I are simple people so no fancy lifestyle or fancy area for us

 

[SgtTibbs]

Ever see "Brewster's Millions"?

To start with, 1% of the after tax payout goes into a "do crazy stuff" fund to get it out of my system.

In this case, that 1% amounts something around $2,000,000.00. So yeah. An after-hours party at Disneyland for 50 of my closest friends, Savile Row suits all around beforehand so we look good at Disneyland, Broadway tickets (including travel) all around because who wears a Savile row suit just once?

Then sit down with finical planners to work out what to do with the other 99%. This beyond life changing money, this is generations changing money and that needs to be managed correctly.

 

[mrodgers]

Then sit down with finical planners to work out what to do with the other 99%. This beyond life changing money, this is generations changing money and that needs to be managed correctly.

Wondering why it "needs" to be managed correctly? If I wanted to take 300 or 400 million, whatever it would end up being, and go to the grocery store and pay for everyone's groceries for 8 hours a day every day until it's gone would be my prerogative.

If I recall my figures correctly, winning 2 million would double my income alone and allow me to quit working. $1 million would match my income and to retire it would be the same struggling I do now. I think it would be really hard to make my salary on interest and still have to go to work for that same salary.

Now if I'm making millions in interest every year, which of course would be likely in getting a lump sum we're talking about with the current prize, I would probably just live and do what I wanted, then at the end of the year with what was left, go out and have fun handing people money. I'd love to go to the stores at Christmas time and see young people buying their kids' presents and just pay for their stuff.

 

[DLgal]

Wondering why it "needs" to be managed correctly? If I wanted to take 300 or 400 million, whatever it would end up being, and go to the grocery store and pay for everyone's groceries for 8 hours a day every day until it's gone would be my prerogative.

You can obviously do whatever you want with your money, but SOMEONE in a professional capacity needs to manage money in those astronomical amounts, because where will you keep it if you manage it yourself? U.S. banks have FDIC insurance limits (usually $250,000 per account). If you deposit a $400M check and your bank goes belly up, guess what?

You need a financial team to invest that kind of money to keep it safe. That doesn't mean anyone is telling you how you can spend it, it just means they are doing all the legwork in making sure you don't lose it all overnight.

 

[amberpi]

I’ve been very fortunate in life and would still love to have this issue. Even after being ridiculously indulgent I’d start a large venture domestic violence (also inclusive of male victims) assistance program hopefully partnering with substance abuse assistance as the 2 are so often tied.

 

[ChrisFL]

Meh. If they're not over a billion, they're not worth paying attention to.

Well now it's over a billion

 

[Cannot_Wait_4Disney]

Well now it's over a billion

After taxes and in a lump sum? Ok now it's worth paying a smidgeon of attention to. No wonder I had to drive past a long line today.

 

[starry_solo]

Open up multiple bank accounts at different banks and keep the money safe? I think I can think of maybe 40 banks....who can think of 100?

And what bank can you trust to hold onto $250 million (that's what I think the net would be after taxes).

 

[mrodgers]

You can obviously do whatever you want with your money, but SOMEONE in a professional capacity needs to manage money in those astronomical amounts, because where will you keep it if you manage it yourself? U.S. banks have FDIC insurance limits (usually $250,000 per account). If you deposit a $400M check and your bank goes belly up, guess what?

You need a financial team to invest that kind of money to keep it safe. That doesn't mean anyone is telling you how you can spend it, it just means they are doing all the legwork in making sure you don't lose it all overnight.

I live in a 1976 mobile home and have an equally crappy shed. No one would suspect there is $400 million stacked up in the shed, LOL. I don't think I could spend a million a year, and even at that, I'd be 446 years old when I spent my last dollar

$250k insured? I guess I'll have 1600 bank accounts, haha.

 

[Dancind]

Well buying a ticket means you get to fantasize about what it would be like, and where you would live. That's fun. I used to spend more on tickets, but now figure if it's meant to be, five quick picks will work as well as twenty. I'd really like to win one of the state lotteries that's around $10 million. Not as visible.

Of course, then I saw a video about a young woman in OR that won a state lottery for $5 million and has had to move twice from being harassed by neighbors and creeps. You'd have to disappear, basically, if you win a billion.