Bye Week OT - If You Won the Lottery, You Would....
Mates,
With no game on our horizon this week, I am daring to ask an OT question slightly out of season. For years my father-in-law and I have made a bet here and there on Michigan games. He'd take ohio or MSU in a big game, and the deal was that the loser of the bet had to buy a $5 lotto ticket and if we ever hit it, we'd split the pot (yes, I have just about run out of $5 bills at this point...). I note that the Powerball lottery is just north of $100 Million right now.
My question to the board is this: If you won some gargantuan lottery with a 9-figure pay-off, what would you do with the money? Buy stuff? Go places? Share with friends/family? Make a huuuuge donation to 'Beveled Guilt'? Retire?
Where would you be 5 or 10 yrs after the big win?
XM
October 12th, 2016 at 6:55 AM ^
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October 12th, 2016 at 7:13 AM ^
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October 12th, 2016 at 7:18 AM ^
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October 12th, 2016 at 6:55 AM ^
I wouldn't tell anyone. I would pay off my debt and give family gifts once, then put it all in trusts, one for me to keep the rest of it from being blown, and then for my little sisters and nieces and nephews, which pay out when college is completed or at like 25.
I would probably quit my job eventually, but not right away. And I'd find something else to do. Maybe start my own business or something.
October 12th, 2016 at 7:04 AM ^
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October 12th, 2016 at 9:41 AM ^
October 12th, 2016 at 12:38 PM ^
But if your friend didn't tell anyone how did you find out?
October 12th, 2016 at 6:57 AM ^
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October 12th, 2016 at 6:58 AM ^
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October 12th, 2016 at 9:09 AM ^
October 12th, 2016 at 9:16 AM ^
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October 12th, 2016 at 9:42 AM ^
October 12th, 2016 at 7:13 AM ^
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October 12th, 2016 at 7:16 AM ^
I would probably throw some of it my kids' college fund, pay off students loans for both myself and my wife, buy my house outright, renovate it a little more, then invest or save most of the rest after being goaded into buying a black 1967 Chevrolet Impala because my wife's fandom over "Supernatural" is that obsessive and she keeps talking about it. I would be content with my dad's red 1968 Firebird, but no.....
October 12th, 2016 at 7:25 AM ^
1) Give each immediate relative $10,000, and tell them that is all the free money they are getting.
2) Hire someone to respond to requests for gifts, loans and "business opportunities." (Not sayin' the answer is always no. Just sayin' I want an agent to do the due diligence.)
October 12th, 2016 at 7:35 AM ^
You start cutting checks and eventually your cousin's uncle's nephew-in-law twice removed is suing you, claiming that you are not of right mind.
October 12th, 2016 at 7:29 AM ^
October 12th, 2016 at 8:39 AM ^
October 12th, 2016 at 7:29 AM ^
I'd instantly retire, move south in the winter and work on a golf course mowing greens. Then play 18 afterwards. Also would buy a house on Lake Michigan for the summers and well, play more golf. Going to all the away games would be really fun too
October 12th, 2016 at 7:33 AM ^
October 12th, 2016 at 7:37 AM ^
Well, I guess you didn't specify that you'd pass those classes or attend those games. . .
I don't think you need a ton of money to make rum, though.
October 12th, 2016 at 8:04 AM ^
October 12th, 2016 at 8:13 AM ^
You have debts and soon children and you're NOT making rum NOW?
October 12th, 2016 at 8:43 AM ^
October 12th, 2016 at 8:58 AM ^
Counterpoint: If you don't control your own supply. . .
IT COULD HAPPEN TO YOU
October 12th, 2016 at 9:23 AM ^
October 12th, 2016 at 9:52 AM ^
This is just me having fun with an OT thread; I don't drink much to begin with, especially rum.
October 12th, 2016 at 12:10 PM ^
October 12th, 2016 at 7:31 AM ^
I'd move to South America and slowly build an army.
October 12th, 2016 at 7:34 AM ^
October 12th, 2016 at 7:35 AM ^
October 12th, 2016 at 7:40 AM ^
Pay for a coder to update the MGo forums
October 12th, 2016 at 7:46 AM ^
At least a better search utility
October 12th, 2016 at 7:59 AM ^
As a "coder" myself, I appreciate this plan. Now win the damn lottery.
Wasn't a new site in the works? I remember seeing something about looking for Drupal devs earlier this year or last year.
October 12th, 2016 at 7:43 AM ^
October 12th, 2016 at 7:44 AM ^
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October 12th, 2016 at 7:50 AM ^
England, Canada, Alaska, most of Europe
As a sports junkie I'd visit all the baseball parks with extended weekends. I'd take a year and in the Fall I'd travel around to college football games of my choice and complete my bucket list of basketball arenas in the Winter.
For Michigan football I'd rent a place in Ann Arbor and chill there during game weeks and go on road trips. No more game day driving for me.
October 12th, 2016 at 8:04 AM ^
That scene from Fresh Prince where Geoffrey quits. I'd do that at my job.
I feel like I answer this question a lot but that's because I think about it all the time.
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October 12th, 2016 at 8:02 AM ^
October 12th, 2016 at 8:07 AM ^
October 12th, 2016 at 8:26 AM ^
October 12th, 2016 at 8:10 AM ^
October 12th, 2016 at 8:19 AM ^
Depends on how much the lottery was for, but I'll play along:
Whatever I won, at least half of it is going to retirement. After that, taking the fiancee and traveling for at least 1-2 months across Europe and Australia. Another chunk is going back to my parents for all the OOS tuition they paid for me to go to Michigan.
Leave my current job, and start doing what I really want to do: always wanted to run my own dog shelter. While the prospect of making very little money doing it has scared me off from it (supporting a family on 35-40k a year is a tough pill to swallow), it's what I want to do in the event that I ever get to a point in my life where money does not matter.
That's the job I would love putting in 14 hour days for every day for the next 40 years of my life.
October 12th, 2016 at 8:20 AM ^
And video games
October 12th, 2016 at 8:30 AM ^
Got this from a co-worker:
1 - Buy a house in one of those yuppie sub-divisions with all kinds of stupid rules.
2 - Break every rule I possibly could (e.g. park an old beat up farm tractor on the street, never cut my lawn, put up a non-approved mailbox, etc)
3 - Hire a lawyer to drag all of the disputes out FOREVER in court just to piss off the assholes in the sub-division that actually complained.
4 - Move to another yuppie sub-division, repeat.
October 12th, 2016 at 8:50 AM ^
Holy hell, that would be fun.
October 12th, 2016 at 10:15 AM ^
Court lawyers could conceivably burn through $100 million.
I was thinking of buying the bad areas around Detroit. Pay for everyone to leave (and not in a douchey way, just give them offers they'd be stupid to not take), buy up the City Council, un-zone it, fence it off and patrol it, then. . . grow forest. And just let it grow, until Google Maps shows a lush forest where there once was blight. And then I'd hire a HoF-caliber legal team to lock the whole thing up in an ironclad trust such that no crooked developer could ever hope to make money by turning it back into a suburb no matter who they bribe.
And then bring in the wolverines. The real ones. Back into Michigan.
Thing is, this probably couldn't be done with a mere $100 million. Buying land, paying off the muni, security, and hiring hippies to plant trees could all be done for cheap (by super-rich standards anyway), but there'd be a few people who'd catch on midway and try to derail it like I'm trying to shoot the moon in Hearts, so this is billion-dollar project territory just from the enemies I'd make. Like I said, courts are expensive.
October 12th, 2016 at 2:12 PM ^
In the 1950s and 60s, Walt Disney wanted to buy up a LOT of land in Central Florida to create Walt Disney World. He didn't want to let land speculators in on the plan and drive up real estate prices, which had happened in Anaheim.
So, he created something called the "Reedy Creek Development Corporation," whose ownership interests were hidden from public view. It was actually the legal entity that started buying up land on the cheap. By the time the company's ownership became public, Disney had purchased enough land to cover the entire island of Manhattan and then some.
The rest, as they say, is history.
October 12th, 2016 at 8:37 PM ^
That kind of thing doesn't much work anymore. Any time one single entity starts buying up huge contiguous tracts of land, people get wind of it. In the effort to buy enough land to build Ilitchania north of I-75 (i.e., the new hockey arena and associated development) the Ilitches set up an incredibly complex network of different legal entities, spent many years slowly acquiring the land, and they still got sniffed out and had all sorts of trouble with holdouts and preservationists. Really, it's no longer possible to hide massive land-buying operations like Disney managed to do. Too many media sniffers and watchdogs.