31 Coworkers split 47 Mill lottery

[Mr.Big Meat McGee]

With 900k you could buy multiple duplex's, fix em up really nice then rent them out and easily live off of all the collected rent money.

 

[R.E.N. Spells Ren]

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.

No, my view is that $1.5M cash towards your goal isn't just "any movement" lol

It's a very significant movement. A life changing catalyst. Ask your pres what a million dollar loan can do. And we're talking about money that wouldn't even have to be paid back here

You'd have to make a concerted effort to have a $1.5M comeup not be life changing (provided you're not a top earner). Even if you chose to continue living life as if you never won, it would have a profound effect on the benefactors of your estate.

 

[dora_da_destroyer]

No, my view is that $1.5M cash towards your goal isn't just "any movement" lol

It's a very significant movement. A life changing catalyst. Ask your pres what a million dollar loan can do. And we're talking about money that wouldn't even have to be paid back here

You'd have to make a concerted effort to have a $1.5M comeup not be life changing (provided you're not a top earner). Even if you chose to continue living life as if you never won, it would have a profound effect on the benefactors of your estate.

that's exactly what i don't want to do, as previously stated, one of the reasons i'm not qualifying it as life changing

you can continue to and add additional hypotheticals (for every trump/bezos who got a loan and had major success, there are countless others whose businesses and investments fail - they're back in the day to day grind) - we're not in agreement, period. but please, carry on

 

[R.E.N. Spells Ren]

that's exactly what i don't want to do, as previously stated, one of the reasons i'm not qualifying it as life changing

you can continue to and add additional hypotheticals (for every trump/bezos who got a loan and had major success, there are countless others whose businesses and investments fail - they're back in the day to day grind) - we're not in agreement, period. but please, carry on

Of course most businesses fail, the point is that capital of that magnitude gave them the opportunity to take the shot! And you're in here acting like capital of that magnitude isn't life changing.

You sidestepped putting numbers to your goals cuz you "don't wanna put your financials out there" as if it makes you any less anonymous. But I'd bet it's cuz you don't want it show how much that $1.5M would really affect things.

 

[Another Man]

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

The funniest thing is that no one even said it was never work again money
She literally moved the goalpost to that extreme just to keep humble bragging. We get it @dora_da_destroyer , youre on the forbes list, however, dont try to speak for everyone else. You come off as someone whod be on that bootstraps shyt too

 

[dora_da_destroyer]

Of course most businesses fail, the point is that capital of that magnitude gave them the opportunity to take the shot! And you're in here acting like capital of that magnitude isn't life changing.

You sidestepped putting numbers to your goals cuz you "don't wanna put your financials out there" as if it makes you any less anonymous. But I'd bet it's cuz you don't want it show how much that $1.5M would really affect things.

it's not sidestepping, i'm not putting my actual financial numbers on this board. c'mon, you been posting on this board too long to expect people to be ok with putting their personal info out there....like why? no offense, but for you to make yet another reply to me about a hypothetical 900k-1.5M? why would i do that?

i gave you my number i need to meet my requirements to use the term "life changing", to let me accomplish the 3 points on the list i gave you. anything $3M and up, yet here we are 6 replies later with you still telling ME why $1.5 is life changing to ME...really?

 

[dora_da_destroyer]

The funniest thing is that no one even said it was never work again money
She literally moved the goalpost to that extreme just to keep humble bragging. We get it @dora_da_destroyer , youre on the forbes list, however, dont try to speak for everyone else. You come off as someone whod be on that bootstraps shyt too

show me exactly what post i moved a goal post? and quote ANY of my posts where i spoke for anyone but me?

 

[R.E.N. Spells Ren]

it's not sidestepping, i'm not putting my actual financial numbers on this board. c'mon, you been posting on this board too long to expect people to be ok with putting their personal info out there....like why? no offense, but for you to make yet another reply to me about a hypothetical 900k-1.5M? why would i do that?

i gave you my number i need to meet my requirements to use the term "life changing", to let me accomplish the 3 points on the list i gave you. anything $3M and up, yet here we are 6 replies later with you still telling ME why $1.5 is life changing to ME...really?

Cuz you're full of shyt. It wouldn't completely fulfill all of your desires, but it would absolutely change your life. Wiping out your biggest bills is life changing, don't know why you're trying to act like it ain't.

The 3 questions I asked ain't personal information, they're just numbers. Nobody can identify you by those numbers, and if they're above a certain amount most just won't believe you. So what? Let them call ducktales. There's no good reason to sidestep those questions. Well, other than the reasons I gave...

 

[SheWantTheD]

How many of them are gonna blow through it in a couple years tho

 

[dora_da_destroyer]

Cuz you're full of shyt. It wouldn't completely fulfill all of your desires, but it would absolutely change your life. Wiping out your biggest bills is life changing, don't know why you're trying to act like it ain't.

The 3 questions I asked ain't personal information, they're just numbers. Nobody can identify you by those numbers, and if they're above a certain amount most just won't believe you. So what? Let them call ducktales. There's no good reason to sidestep those questions. Well, other than the reasons I gave...

ok...

 

[SheWantTheD]

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

Over a million dollars can definitely be never work again money, especially people who live off of around 20k a year after taxes.

 

[Gold]

Over a million dollars can definitely be never work again money, especially people who live off of around 20k a year after taxes.

I would not recommend that at all...

If you work 40 years (which is around how long most people who work till retirement do) making only 30k, you would have made over a million dollars throughout your lifetime.
And you already know that most of the those people probably lived paycheck to paycheck and ended up dying broke in the end.

And even if you don't end up broke, how much are you going to be able to leave to your kids?
No working = no retirement savings as well.



Its 100% life changing money, but if someone I knew said "I won a million dollars, I will never work again" I would probably laugh at them because I think that's dumb as hell

 

[Gold]

The funniest thing is that no one even said it was never work again money
She literally moved the goalpost to that extreme just to keep humble bragging. We get it @dora_da_destroyer , youre on the forbes list, however, dont try to speak for everyone else. You come off as someone whod be on that bootstraps shyt too

Oh I feel you breh.

Its life-changing money easily. I think a lot of people are confused about someones income/salary vs how much money they really have.
One of my good friends (who i'm actually going to visit tomorrow) is a Lawyer in SF. She's a 2nd year, makes ~200k and got a 40k yearly bonus + 15k Christmas bonus.
That's a quarter-million dollars for 2017, sounds like a lot of money right???

Her apartment is 7k a month in rent

I promise you she would feel that 900k is life-changing because it would allow her to buy a house instantly (which is currently her goal).
And i'm pretty sure she makes more than any one of those people who won.
If a 900k lump-sum is life-changing to someone making 250k, it damn sure is going to be for someone making under 50k.





But i'll let ya'll cook. Ya'll got the deepest of pockets outchea

 

[Professor Emeritus]

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.

There are five huge differences between the lottery and stock investing.

#1: The odds are always against you in the lottery. Stocks should generally grow over time.
#2: Stock gains are supposed to be based on actual utility held by the thing invested in.
#3: Stock gains come piece by piece, a big lottery win comes all at once.
#4: Doing well with stocks is hard work. Lottery ain't no work.
#5: After you've done well in the stock market, you keep working at it. After you win the lottery....that's it. Ain't like you gonna win again.

As far as sources?

Here's why lottery winners go broke

Why do 70 percent of lottery winners end up bankrupt?

Here’s How Winning the Lottery Makes You Miserable

Curse of the lottery: Tragic stories of big jackpot winners


Same thing happened to this old dude who won the lottery in my hometown. Within three years his wife was dead, his daughter was dead (R.I.P. - she was in my algebra class the year before), and he was miserable and in financial trouble).

 

[philmonroe]

There are five huge differences between the lottery and stock investing.

#1: The odds are always against you in the lottery. Stocks should generally grow over time.
#2: Stock gains are supposed to be based on actual utility held by the thing invested in.
#3: Stock gains come piece by piece, a big lottery win comes all at once.
#4: Doing well with stocks is hard work. Lottery ain't no work.
#5: After you've done well in the stock market, you keep working at it. After you win the lottery....that's it. Ain't like you gonna win again.

As far as sources?

Here's why lottery winners go broke

Why do 70 percent of lottery winners end up bankrupt?

Here’s How Winning the Lottery Makes You Miserable

Curse of the lottery: Tragic stories of big jackpot winners


Same thing happened to this old dude who won the lottery in my hometown. Within three years his wife was dead, his daughter was dead (R.I.P. - she was in my algebra class the year before), and he was miserable and in financial trouble).

The odds are against you period stocks or lottery. It's not like stocks got a success rate like that. Lottery is hard work again you just don't think of it like so. You probably aren't going to win the lowerball or mega millions twice but them ain't the only games out there. I know a cat whose "job" is playing pick 4 lol. He wins like 2/3 times a year but plays 20 at a time. He didn't start out full time of course but always been playing the lottery and just won and went from there.

It's not for everybody I give you that but I do believe folks talk about lottery players because just like your little google results y'all just parroting stuff others say without doing any real looking into it. I understand because this isn't anything major but you can make a good living potentially just like stocks from lottery if you dedicate yourself.