Post: #76

(10-19-2018 02:49 PM)RoastBeefCurtains4Me Wrote:  The ones who get a $100 million basically fucked up, and once they get that money, they try to blow it all to set things straight.

Post: #77

I tell myself that for my $2 I'm buying hope which can be a rare and valuable commodity. Considering that I spend less than the price of a fancy steak every year on hope I don't feel like I'm being "stupid" and it's not like I'm forming my life plan around hitting the jackpot.

A note on the EV calculations - you don't actually get what they advertise the jackpot to be. That's the estimated annuitized value - the lump sum is roughly 2/3 of that and then 1/2 of that goes to Uncle (IR)Sam so when I win tonight I'll only clear about $300 mil, but I think I can find a way to make that work.

My friendly South Asian shopkeeper told me that people were spending $200 or more on tickets today. I'm guessing that many if not most of them couldn't really afford it. Now that's stupid.

Post: #78

1.6 BILLION

Post: #79

First purchase be like



(Not really though)

Post: #80

The money amplifies who you are, as a person. I know that if I won even a decent amount, I would pay off my bank loans and credit cards. Give my job my resignation letter. Clean up my apartment and make a couple months payments. Go smoke a big fat joint and snort some coke with my drug dealer cousin. And head to Europe and backpack across Estonia, Finland, Norway, Sweden and Germany. And post up for awhile in Old Town Tallinn, Estonia.

That is exactly what I would do. And buy a safe house for forum members in Old Town and make a vacation cottage on Saaremaa island, in Estonia.

Post: #81

If someone here wins this $1.6 Billion, you should know that wealth of that magnitude has tremendous power to destroy the holder. This is particularly true of instant wealth.

Even for people who have acquired reasonably significant personal wealth, such a thundering windfall can bring equally significant misery. With the holdings that I have after about 40 years of investing and saving (and a bit from a utility company that nearly killed me), such an amount even gives me pause.

I offer a piece of advice for the hypothetical RVF winner of the $1.6 Billion. Before you plan your mega-mansion, or which yacht you're going to buy, or how many supercars are going to fill the 20 bay garage of your mega-mansion, start with what you're going to give.

A strong defense against the destructive power of thoughtless, selfish wealth, is to think of others first. Make your choices of where to give personal to you.

Which diseases have taken someone you loved? There is almost certainly a solid charity doing research to cure it, or help those afflicted with it.

There are causes and people who are genuinely committed to improving the lives of people who truly have suffered great loss. Causes for children, for animals, for entire communities.

This kind of wealth gives you the power to substantially help charitable organizations that are doing truly good work. Find them and the organizations that are doing the kind of charitable work that means the most to you.

Make helping others a personal mission in your new life.

Good luck. You WILL need it.

Post: #82

I ain't giving shit.

Post: #83

Win the lottery, do what you fucking want. If you blow it all in a weekend, hey at least you had fun.

Post: #84

(10-22-2018 09:21 AM)Baphomet Wrote:  If someone here wins this $1.6 Billion, you should know that wealth of that magnitude has tremendous power to destroy the holder. This is particularly true of instant wealth.

Even for people who have acquired reasonably significant personal wealth, such a thundering windfall can bring equally significant misery. With the holdings that I have after about 40 years of investing and saving (and a bit from a utility company that nearly killed me), such an amount even gives me pause.

I offer a piece of advice for the hypothetical RVF winner of the $1.6 Billion. Before you plan your mega-mansion, or which yacht you're going to buy, or how many supercars are going to fill the 20 bay garage of your mega-mansion, start with what you're going to give.

A strong defense against the destructive power of thoughtless, selfish wealth, is to think of others first. Make your choices of where to give personal to you.

Which diseases have taken someone you loved? There is almost certainly a solid charity doing research to cure it, or help those afflicted with it.

There are causes and people who are genuinely committed to improving the lives of people who truly have suffered great loss. Causes for children, for animals, for entire communities.

This kind of wealth gives you the power to substantially help charitable organizations that are doing truly good work. Find them and the organizations that are doing the kind of charitable work that means the most to you.

Make helping others a personal mission in your new life.

Good luck. You WILL need it.

+1 from me

On my last world tour I was barley over a thousandaire but still made it a point to try to help the less fortunate when I could. My last month in the Philippines I had about 12 street kids that I bought food for and played kick ball with everyday. An honestly even though I did some cool wild shit on that tour... the thing I felt the most connected to was my time in the Phils with those kids.

Post: #85

Let me offer an alternative perspective to the +EVness of lotto tickets (which as of course, everyone knows that they're -EV most of the time and a tax on the poor)

At some point in your life when you have reached a good amount of success in life/career, there is an amount of money that you could vent per week or so that you probably won't miss. Lets say $2, or $5 or $10, or whatever. Over a 30 year long life/career you will reach a point in which money itself doesn't matter anymore. During that time, even if you were to say, vent $10 a week for 50 weeks of the year, over 30 years that's $15000. Even assuming you can compound that in the market, maybe it's worth $45000 to $60000 or so. In the grand scheme of things, that is not a terribly large amount of money over 30 years.

Conversely, the lottery can also reach a point in which the jackpot may as well be infinity to you. For example, from a life perspective I would assume that to 99.9% of people, there is not a whole world of difference between winning $25m from the lottery as opposed to $50m or $100m or more. In any of those situations, you are set for life and can choose almost any lifestyle you want. On top of that, if you have accumulated the discipline from your life/career that you could manage that money to perpetuity and not let life leaks destroy you from a windfall, then the lottery offers you a minuscule but unique way to basically retire young.

The questions to ask yourself are what is the number that is inconsequential to you, and what is the number that may as well be infinity to you. Answer those two, and you know when playing the lottery is the correct play to make, even if it is -EV.

Post: #86

If Euro millions had 1 billion euros on offer you would get that. None of this tax man bullshit or lump sum shenanigans.

I'd imagine the person who'd win that much money could off themselves very easily. You'd be a deer in a locomotives headlights.

Post: #87

https://twitter.com/hammerandnigel/statu...8940463104

Post: #88

(10-19-2018 02:49 PM)RoastBeefCurtains4Me Wrote:  The ones who get a $100 million basically fucked up, and once they get that money, they try to blow it all to set things straight.

If I won, I would rather get it in 30 different payments (one each year) than to receive it all in one shot. That way if I blow my money in one year, I can get it the next.

Post: #89

(10-21-2018 11:02 PM)Cr33pin Wrote:  First purchase be like



(Not really though)

Here's number two on my purchase list:

Post: #90

I just bought my first lotto ticket today and made one dollar, so it was not a waste at all. I used to think that buying lotto tickets were evidence of self-desperation and/or stupidity, but fuck it, it's a 3 dollar expense. As others said, simply don't buy your daily espresso and that covers it. But at least you have the hope and excitement of perhaps winning something, despite that being largely illusory. It's more a game than anything else. Idk why I was ever so dismissive of it as racketeering.

Post: #91

I wouldn't play it to win. Just to have a little fun, indulging in the fantasy of "winning" at life

Post: #92

I buy a Eurojackpot ticket only when the prize is maxed out, meaning 90 million euros.

A touch of excitement every now’n’then isn’t a bad thing.

Post: #93

Very likely some old lady in South Carolina, woke up today 1.5 billion $ richer

Post: #94

Is it stupid NOT to play the lottery?
It's stupid that I did NOT win the lottery