31 Coworkers split 47 Mill lottery

[philmonroe]

They must mean the coli avg

Everyones ballin on here, you aint know?

They must because irl when you around people you see that aint the norm at all. These cats know it just acting like they been living that billionaire lifestyle for ages and out of touch. Hell I say this as someone who's parents really do have money most dream about and set me up in life. I'm not oblivious to the obvious.

 

[martin payne]

900k not life changing

some of y’all nikkas/bytches need to chill

 

[philmonroe]

Anyone who knows how to invest ain't gonna be playing the damn lotto unless they running a scam on it.

Quick money almost never plays out well. Stats show something like 70% of lotto winners are bankrupt within five years of winning, and most of them addicted to alcohol, drugs, or gambling too. Win the lotto and chances are your life end up worse than you started.






More likely than not changing their lives in a bad way. They gonna buy stuff they can't afford to upkeep, go into debts they can't pay back, quit a job that they'll need again five years down the line, catch an addiction that'll ruin them. Lotto winners have terrible futures more often than not.

Lottery isn't no different than stock investing outside of it's more accepted gambling that way. Youre just parroting what you heard others say regarding it but that's what most people do so no biggie. You should just cite your sources.

 

[Big Boss]

 

[dora_da_destroyer]

No, I'm going of the situations YOU threw out there. You said you'd pay off your student loans and your mortgage (maybe, since you had tenants covering it...though, your tenants covering it is irrelevant to whether or not you should be carrying a mortgage, but that's for another thread), and throw the rest at retirement/long term investments in the first post I quoted. Now you're Juelz'ing acting like your student debt ain't shyt, your m mortgage ain't shyt, yadda yadda yadda.


You stated your lifetime goal was to own multiple properties, yet you're really in here acting like getting $1.5M cash wouldn't put you significantly closer towards attaining that goal.



Nobody has said this tho.

I didn't say it won't get me closer - it's not life changing. And I said I could do one two thing s with it - pay debt or invest it. That's exactly why I don't consider it life changing, it doesn't allow me to do both.

I've written what I define as life changing money over and over again

1) pays off all existing debt
2) allows me to UPGRADE my economic status/lifestyle from day one onward (til death) - I should have a better house, car, and new income bracket (to acquire superficial shyt and real assets) while being able to do less. Less doesn't mean not working, but getting money that still requires me to go to work in my present day job for the next 20-30 years to stay on target isn't life changing to me - my life will be the same as it was the day before.
3) secures my future - as in I have a chunk I could throw in retirement and not touch until I'm ready

YOU have a different take on life changing. That's fine.

For me to say I got life changing money, that number is ~$3-4 million.

 

[R.E.N. Spells Ren]

I didn't say it won't get me closer - it's not life changing. And I said I could do one two thing s with it - pay debt or invest it. That's exactly why I don't consider it life changing, it doesn't allow me to do both.

I've written what I define as life changing money over and over again

1) pays off all existing debt
2) allows me to UPGRADE my economic status/lifestyle from day one onward (til death) - I should have a better house, car, and new income bracket (to acquire superficial shyt and real assets) while being able to do less. Less doesn't mean not working, but getting money that still requires me to go to work in my present day job for the next 20-30 years to stay on target isn't life changing to me - my life will be the same as it was the day before.
3) secures my future - as in I have a chunk I could throw in retirement and not touch until I'm ready

YOU have a different take on life changing. That's fine.

For me to say I got life changing money, that number is ~$3-4 million.

Let me ask you three questions:
How much capital would you need to achieve your stated goal of owning multiple properties? How much have you attained towards this end already? And how much longer do you project it will take you to reach that number from the first question?

 

[SmallWars]

The Coli be on some shyt

 

[UserNameless]

I knew they were white . Don’t ask me how.






Congrats to them, tho.

 

[Hungerpain]

Y'all need to just stop arguing with this delusional woman and let just let her think she's Bill Gates.
If it was 10 mill she would probably say the same shyt just to slick brag about how good she thinks she doing.

 

[dizzy4111]

hmm, that's 1.5 US, est. losing 35-40% to taxes, 900k. Nice investment/retirement change to sit on but not life changing money. Good enough tho for just throwing a few dollars in an office pool each month tho

lol @ 900k not being life changing money. Tell that to 99.9999% of the population.

 

[FlimFlam]

This kind of turned into a exchange of semantics ....900k is great..it can be a springboard to changing your life...when you start factoring in shyt like living expenses health costs children private schooling post secondary schooling maintaining and investing into properties and businesses it begins to look more like a stash/pot for investment than some dramatic life changing bread IN AND OF ITSELF

It's really understated how expensive it is to build an upward mobile foundation for children here....i believe 100k yearly should be considered the basement of lower middle class...folks aint evem grossing 60k be hollering middle class, that shyt aint real

 

[ahomeplateslugger]

breh, when you're actually intelligent and in my tax bracket, 900k aint something you "hustle" over. partition it across the portfolio and KIM
ok...good for you

i love thecoli.com

 

[Gold]

hmm, that's 1.5 US, est. losing 35-40% to taxes, 900k. Nice investment/retirement change to sit on but not life changing money. Good enough tho for just throwing a few dollars in an office pool each month tho

Whether or not its life-changing fully depends on the situation of the person.

But yes I do agree that its not "I'll never work again" money

 

[dora_da_destroyer]

Let me ask you three questions:
How much capital would you need to achieve your stated goal of owning multiple properties? How much have you attained towards this end already? And how much longer do you project it will take you to reach that number from the first question?

i'm not putting my financials on this board. so i'll just say yes, it would allow me to buy another property out here (would still have a mortgage) or maybe 2-3 properties in a cheaper area. the value - monthly income from them - would not be life changing, thus my opinion of 900k being life changing - does not change.

the simplest way i can put this is - think about most corporate jobs, they usually have job bands, sometimes defined by job title, but most times it's based on salary range. if i were a band C and the range for the band is $50-75k, if i get a 5k raise and now make 60k, i'm happy to have more, but i'm not seeing that as amazing - i'm further ahead in band C but I haven't made it to band B. that's what $900k does for me over a lifetime, it moves me a higher in the current band i'm in, but it doesn't move me to the next band. to me, money (we're talking lump sums - not a bunch of hypotheticals on how if you invest in bitcoin and rent em spoons right now blah blah blah) that moves me to the next band is life changing, something that gets me further ahead in my current band is nice - as i said from jump - i'd love and appreciate it, but the phrase "life changing" is not how i'd describe it.

your view seems to be any movement forward is life changing, and that's completely fine, but that's where we disagree and there is no point in continuing to go in circles over this.

 

[dora_da_destroyer]

Whether or not its life-changing fully depends on the situation of the person.

i've said NOTHING to the contrary...it's everyone else who doesn't seem to get this, thus their incessant need to keep going in circles with me about it.