What are your thoughts on tonights 1..6 billion dollar lottery ?
I personally feel their should be a cap on it and more of the money should go to improving schools.
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SweetMae · 70-79, F
That much money is hard to spend.
ViciDraco · 36-40, M
@SweetMae if you take take lump sum and after taxes you get only about 30% of that if you are the only winner. I'll still take it, but it gets easier to spend quick if you don't know how to manage it.
If you could walk away with 400 million, you can stick that in a bank account at half a percent interest and earn 2 million a year and just live on that. Wiser investments can net more just making an example of the safest possible case.
But a lot of people would go out and buy a 200 million dollar home and a Ferrari and then not be able to afford the insurance or property tax a few years down the road because they blew all their money on big ticket items.
If you could walk away with 400 million, you can stick that in a bank account at half a percent interest and earn 2 million a year and just live on that. Wiser investments can net more just making an example of the safest possible case.
But a lot of people would go out and buy a 200 million dollar home and a Ferrari and then not be able to afford the insurance or property tax a few years down the road because they blew all their money on big ticket items.