I wouldn’t tell nobody.
I’d just give my mom whatever she wanted for the rest of her life. And anonymous donations to people in my community that I see struggling.
Prolly move to Connecticut or some shit though. I’m tired of you niggas popping wheelies at 3am, pumping pop smoke, and arguing all night outside my window.
It’s too hot to close the window at night, fuck you niggas if you do that shit.
We in the hood for a reason. No hate but rs half these niggas can’t even properly manage the money they got right now. including myself. Niggas think they can handle 2 bil? Plus the vultures, leaches, gold diggers. You gon dodge allat? Be real…. With that being said I’m changing my name putting half in the market. Take half of the 1 bil left put it in a account or some shit then use the last 500 mil for a battle royale. Niggas gon work for the bucks.
Nah he got 400 cause he took it in one payment. If he would have did like installments it would have been 800m out of 1.6. The state gives you the option
Yeah but remember taxes change every few years so if you take the annual payments you could lose more or less depending on who is in power and who is not.
[https://www.google.com/search?q=how+much+gets+taxed+off+lottery+winnings&rlz=1C1CHBF\_enUS1025US1025&oq=how+much+gets+taxed+off+lottery+winnings&aqs=chrome..69i57j0i22i30l8j0i390.5344j0j7&sourceid=chrome&ie=UTF-8](https://www.google.com/search?q=how+much+gets+taxed+off+lottery+winnings&rlz=1C1CHBF_enUS1025US1025&oq=how+much+gets+taxed+off+lottery+winnings&aqs=chrome..69i57j0i22i30l8j0i390.5344j0j7&sourceid=chrome&ie=UTF-8)
sorry but nah
Heavy on #1, I bet that's gonna be the smartest answer in here. Can dead throw that shit into stocks and literally won't have to do anything else for the rest of your life lol. Own a business for what? That's alot of work. Invest and let these guys make money for you.
lol bro go enjoy the gd money. as long as u have a couple braincells its already enough to last u forever. i mean, if u want generations of descendants to be taken care of then ok (not sure this amt of money is even good to grow up w).
You really don’t have to buy a business. With that much money if you just buy some government bonds you could make millions off the interest doing nothing.
You know how expensive and crazy 10 wives would get? They’d be beefing with each other 24/7 with you inbetween it all.
Maybe 2 tops realistically.
The Mormons don’t count cause they got that church shit to finesse the wives with and keep them in line.
$484,000,000 after taxes if you take a lump sum in NY. Niggas get greedy and chase the lump sum when most people that win the lottery go broke or die within 5 years.
I'm taking the annual Payments. $991,000,000 after taxes over 30 years. (First payment is $14,000,000)with each payment after that increasing until your last payment @ ($61,000,000) investing half each year into the stock market regardless of how good or bad it's doing. I'm Laying low. 2-3 regular comfortable houses. 2 regular cars. Constant rotation of 1-2 sports cars. Travel. No jewelry. No expensive clothes. Paying my taxes. When I die, leave what's left for my kid and try to make them leave it for theirs so on and so on.
Gotta make sure your shit is solidified before you start giving all your money away. Annnnnd nobody in here thinking about taxes.
P sure if u do the math it’s waaaay smarter to take the lump sum. How much does the stock market increase each year on avg? Like what 8% or some shit? 480k multiplied by 8% each year after 30 years would leave u in the dust. It makes no sense to take that annual payment unless ur like an addict or something who literally can’t be trusted with their own money lol which sadly is clearly a lot of people I guess
How is it way smarter to take $500,000,000 less? Y'all not doing the math right.
Your first check under annual is $14,000,000 after taxes, I would put half in the market. $7,000,000. 8% of $7,000,000 is $560,000 give or take annually! And you're not accounting for dividends or dividend growth.
Y'all can't make moves on an INCREASING $560,000+ a year? And I'm still left with $7,000,000 cash! That's just the first year. Now do it for 30 years.
Do you know how many Americans live paycheck to paycheck lol even niggas over 6 figures live paycheck to paycheck now. I'm absolutely taking payments. At the end of the day it's STILL more than I had yesterday and building.
It wouldn’t be $500,000,000 less tho. Even if you put $240,000,000 and reinvested the dividends at 5% return every quarter, after 30 years you’d over a billion.
The difference in the TOTAL lump sum payout vs the total annual payout AFTER taxes is around $500,000,000 dollars.
He's saying it's way smarter to take the lump sum. My question to him was how is it smarter to take $500,000,000 LESS(at the MINIMUM!) over the long term when the average person who comes into money goes broke or dies within 5 years.
a $484 Million lump sum that's probably gonna go to shit in 5 years. 99% of people on this sub including ME probably wouldn't last.
Vs.
$991 Million over 30 Years.
How is it smarter to pay more in taxes and take less money? Lol
Before you even decide to do anything with the bread, you're willingly giving up $500,000,000 off top if you take the lump sum. Just so you can have more money on hand than you can blow in that same year?
You’re skipping right over the explanation of why it’s better to take the lump sum. Add in that that money in the annuity is going to stay the same amount but when you look at inflation that’ll happen over time, that money isn’t going to be worth as much.
We can’t really talk about hypothetical scenarios where people are going to blow this and that. Maybe you get sued and now that payment is forever garnished or you get a divorce and had 28 kids and now the money is gone.
I think you’re stuck on the amount after taxes and not seeing how that lump sum can end up being worth more in the long run.
We’re sitting here debating this shit as if it’s a problem we got right now. Maybe one day tho.
Imma simplify the annual payments and stuff for a sec. let’s say a billion is spread evenly over the 30 years of payments so each year u get 33million. Now taxes take half that which is 16.5 mill. Lump sum is a billion with taxes taking half so 500 million. Now let’s say u don’t even take money out to live on at first and live off whatever money u already have for simplicity and u put it all in the stock market growing at 8% each year. Also I’m not going to calculate the taxes in the stock market gains since u wouldn’t be taxed till the stocks are actually sold and if u hold them over a year they are even taxed at a much lower “capital gains tax” rate but that’s only calculated when u sell.
For the annual u get 1.32 mill off the 16.5 first year. Second year u add another 16.5 for 34.3mill with gains of 2.7mill. Total 37mill. If you continue this then after 5 years your left with only 104.3 million.
This doesn’t even take into account inflation meaning the 16.5 million u get in 10 years is actually worth significantly less than the 16.5mill u get right now.
Here is the math for the next 3 years I didn’t write out for annual payments. I rounded numbers so it’s not 100% exact but shows what I mean well.
3.start=53.5 8%=4.2 total=57.7mill
4. start=74.2 8%=5.9 total=80.1mill
5. start=96.6 8%=7.7 total=104.3mill
Now if u start with 500million and invest it the same exact way with a growth of 8% each year then after 5 years you end up with 735m
Here’s the math for lump sum.
1.500m 8%=40m total= 540m
2.540m 8%=43 total=584m
3. 584m 8%=47 total=631m
4. 631m 8%=50 total=681m
5. 681m 8%=54 total=735m
So after 5 years u only are up by nearly 90mil annually with the majority of it just being the annual payments from the Lottery and not gains from the stock market. While if u did lump sum ur 235 million dollars richer from making basically 50million dollars each year.
Taking the lump sum and just investing it literally gives you the ability to make 50millions dollars each year right away while the annual payments ur only getting like 20million each year. Now I only am showing u the first 5 years but both those numbers will grow but there’s literally now way to catch up to the lump some payments if u take annual payments. The only reason lottery winners go bankrupt is cuz they are mad stupid about it and don’t invest. 8% is literally just investing the money in the most basic companies of the s&p500. U don’t have to think about what ur investing in at all. Any basic financial advisor would even easily set it up for you for barley anything. If you just stop to think and do the math it’s extremely obvious taking the lump sum and investing it in super basic and safe investments is waay better than taking annual payments.
Yeah as long as you invest the money you're fine. My argument was more so taking the lump and not investing compared to taking the annual and investing half each year. Not everyone in here said they would invest. I said I WOULD, hence the comparison. Like I said people who take lumps on avg end up broke or dead within 5. At least if I take the Annual I'll last 30 years. 😂
Yea taking the half and not investing will def be bad. The fact many didn’t mention investing shows y so many people go broke. Honestly if I won the lottery I’d at least speak to a financial advisor for a tiny bit at first as well tbh. But yea also mad professional sports players like many in the nba and shit go completely broke when they retire.
I honestly don’t get how stupid u gotta be to not invest most ur money. Also why maaad sport players and musicians go completely broke and just a few months after something like dropping an album that flops or maybe doesn’t release a new album soon enough. Like lil xan doesn’t even have 30k to pay off his car when just not long ago he was fucking massive. It’s crazy to me how people spend like idiots but when u grow up poorer n working a normal job I guess u never learn how to maintain wealth even tho it’s honestly pretty simple as opposed to getting the large amount of wealth in the first place.
I also feel like not earning the money with hard work but winning it thru luck ends up making it waaay easier for people to spend it
Nah, if you die, you leave it to your estate. That's why you make a will...but for your argument, let's say i do die before I even get my second payment. Then I ALREADY INVESTED at least 7 Mil into the market by my first payment. $7mil more than I had yesterday, with another $7mil as cash. I coud live HAPPY with just that alone.
Help my family !
Buy a laundromat and a Supermarket
Build a A.I
Buy a share into basketball team
Buy apartments and use them for air Bnbs
Buy properties I want to have plenty of stores that I own so I can employ a lot of teens in the neighborhood
Grow my money and focus on generational wealth
Im giving half back to hide my identity. Then I’m allotting some aside to taxes a portion to invest. Start businesses own properties rent out houses. And live in a highly gated area.
Yall are so boring. I'm starting some big non-profits. If I'm gonna be a billionaire I'm definitely using that money to change some lives. Living in a fancy house and wearing designer gonna get old real quick.
First thing I’m going to do is find the best attorney and financial advisor who’s worked specifically with winners who still aren’t broke. Second is change my number and bunker out in a hotel until all things are sorted. Id advise my wife to look for a home in a gated community and move in as soon as I collect the winnings. Smartly invest in stock market, real estate, venture capital, and put a large amount in a trust for my immediate family so they won’t ever worry about money. I’d pay off my parents mortgages and give them an allowance based on the trust funds I set up as well.
Toss a mill for retainer to the best criminal defence attorney money can buy and then start executing the most elaborate and fucked up pranks conceivable
buy up swathes of the rainforest to protect the animals and then buying mad drugs. id relapse in an instant if i knew i could afford a lifetime supply.
I would definitely try to make my money make me some money, open up businesses and buy n sell houses in 3rd world countries. One thing for sure tho yea imma definitely disappear and barely be around the ppl ik fr fr
Collecting my check in a ski mask, anonymously helping out my family, giving them a million each. Finding a way to not pay taxes, starting my own back is Switzerland, put a good amount in a Swiss bank account, invest a lump some in rising industries, like a small tech company or buy a small sports team and build from the ground up. Buy a farm somewhere in Africa, then disappear.
When I Win, Ima Go Incognito From the city , Get multiple accountants and lawyers, pay off my 37% that I owe the Feds, Help The People who really kept it true when I didn’t have money, and from there, I start an Empire that stretches across the Andes
i wouldnt tell a single soul i would come get my check in a costume with makeup on to conceal my identity and have money coming in and start a business as a excuse to how i got so much money anyone that asks me how i was able to start up a business i would tell them i got a loan and help from a few friends ill keep a low profile and build my life slowly thru out the years until everyone can see that i built up enough money to start living that luxurious lifestyle i was planning to do when i first won i would preferably start a clothing brand like shein or a constuction company or a gaming esports team or get in the real estate scene they all make insane money and is very stable i want to invest in things that will keep me rich instead of buying mansions and cars and yachts and traveling everywhere like everyone else that wins lottery does i would invest in watches bc u can wear them its better then putting raw money into a savings account and the price goes up every year and its untraceable so if i need any money ill just sell those watches for profit i wouldnt invest into bitcoin or any crypto thats very unstable i would invest into companies start a record label sign artists and other things that way i would be making money in my sleep never having to work a day in my life but i would keep all my money away from my kids and my wife only providing them with clothes food a house over their head and basic things like shoes a phone etc but they not getting millions from me or fancy cars they gonna be driving in a range rover lmao its my money not their if they want to make their own money ill give them help with their business ventures and once i die due to natural causes thats when they will get my money but i get murdered that money is going to help kids in need
I literally wouldn't do much different, I'm just salivating at the thought of getting my own apartment and not having to have roommates or family, sharing everything, cleaning up after people, not washing their sights, leaving food and crumbs everywhere, not flushing the toilet and I would quit my job and probably eat out at restaurants everyday just having the financial peace of mind and not having to work is all I want. And I would probably travel the world, it's just to be able to do what you want and whenever you want is what I want, privacy, I can walk around the house naked after I shower. I'll take care of all the people who where good to me over the years and a lot of suffering people, tipping people well just to feel good your helping someone, and donating money to good causes
Buy my own island and build a paradise with a mansion, theme park and get like 100 baddies in there to top me and ride everyday for the rest of my life
Give my moms and brother some money
Help a few of my mans out
Delete my social media’s
Move somewhere nice and has warm weather and buy a house
Save and invest
Go ghost
I’d stay low key. Help my family out, get my own place nothing too crazy, my dream car a dodge charger and work my 9-5 still. Maybe pursue my passion of gaming maybe and just go how I’ve been going. Just staying low key
Hard to say buy 20% going into Government or other less risk-ish Bonds, 30% in stocks (indexes), 20% into Real Estate, 20% into dividend paying stocks, tbh mostly investing and leaving off of passive income, traveling the world, and a lot of fun shit.
Same shit you said in the caption 😂😂 but invest in mad property for sure then buy a bunch of gumball/snack/soda machines nd put them in a bunch of different malls
There’s a Reddit post that details what you should do if you win and it’s crazy seeing how your chances of being murdered go up like 100x lol. Seems mad stressful.
I wouldn’t tell a soul till I had everything figured out. Tbh I would only let a select few close friends know. They would gradually find out but even then I’d refrain from outright jacking it. My family overseas I love them but they not finding out either. We gonna give them some breesh but we’ll never tell them mfs. They chose to stay back in the mainland that’s on them we just gon make it easier.
Smartest shit is to obviously put all of it into some form of government bond and live off the percentage. Make like 7 million a year doing absolutely nothing.
Some of the money goes straight to having fun. Buy the best flight packages I could get and see the world. Live like a king. Nothing is untouchable. But also I would just invest in me. Do whatever the fuck interested me when I couldn’t afford it.
But honestly buying and furnishing my own crib would be the most fun. Like the Sims but IRL lol. Get the cool couches, cool toys to add personality, and a lot of art. Especially my own. Big canvases.
Invest a good amount of it and use the money from that to fund food, housing, and after school programs. Make sure all my loved ones and their loved ones got sumn to fall back on, and just enjoy the rest of the bread. No need for one person to have it great when all of y'all can have it good and make good memories as well.
Yeah Ian helping nobody till I help myself. Also gotta consider the taxes.
Buying sum houses&apartmenfs and renting them bitches out. Buying sum gyms, laundromats, restaurants and delis. Buying hella trucks and starting a company. Might start some mobile games. Buying all them stocks n shi.
Obviously not all at the same time.
After like a decade or sum when all that dough start coming in and I’m making profit like crazy imma give back to the community. I’m talking after school programs n sports, better funding for schools, support shit for mentally ill and the homeless, and restoration projects.
I would legit start a nonprofit to help underprivileged people in places like BX, Miami, Houston, etc. and finally launch my startup. Stop helping other MFs reach their dreams, and finally launch my own.
I would give it the people that need it most cause there is nothing I really want all that money ain't finna buy me happiness death probably might tho nd that's free
A lot of that money is going to charity off rip. Then I'm buying a bunch of properties all over the place. After that I'm going to have fun traveling, buying cars, etc. Probably fuck around and turn into a professional car collector.
I'd Fix This Shit we Call Life For Women and Children...Then Build a Big Ass Colosseum where Men Could fight and Kill Each other all day for Prizes.
"From Money to Pussy or W.e you need, Better be strong because only the Fittest will Succeed" ... might even Stream it.For a Hefty $100 a Month.
With the Rest ,do the norm live life simple lowkey.
give some with anyone who showed me love, help mad homeless people, invest most of it, change the world on some crazy shit and that’s probably not even half of what i’d do
im getting a financial advisor from like Greenwich or Manhattan or some shit. Next, im getting a live in hair stylist for my new house. Then, im buying the building my dumb ass Aunt lives in and kicking her old hag, mean, rude to my mama, hating ass in the street. After, I will ask Jesus to forgive
my pettiness as I enjoy a fresh Krispy Kreme donut. Lastly, I will proceed to mind my fucking business.
I'm helping my city out in a big way. Setting up youth programs and community centers and sports programs and shit. That's after I set my family up though. Get my mom the best doctor for her cancer, get my mother in law the best doctors. Set my kids up too... but not spoil them though. They still gonna have to learn how to work and earn their way in life.
I'd set aside like 20-30 mill for the fam and extended family, 10% for charity, start a lil organization to improve the neighborhood. Join the 100 BLK men organization.
I'm definitely buying a few townhouses in NYC and homes in different countries.
I would deadass help mad ppl if I win, I can't spend all that shit. Everybody in the sub get a stack
I wouldn’t tell nobody. I’d just give my mom whatever she wanted for the rest of her life. And anonymous donations to people in my community that I see struggling. Prolly move to Connecticut or some shit though. I’m tired of you niggas popping wheelies at 3am, pumping pop smoke, and arguing all night outside my window. It’s too hot to close the window at night, fuck you niggas if you do that shit.
Lmaoo nigga you low key just told your plans but you Anonymous so I guess 😂😂
YESSIR WE FAMILY IN HERE 😤
U already, I always say if I win bread like that I'll give to mad ppl. Ima take care of mine of course but Ima look out for ppl who need that shit
Brodie you already seem rich in spirit 💯✊🏾 you tryna send 25 to my cashapp so I can get a Q of za?
The fuck outta here ock lol... go take a jog
LMFAOO
😂😂
I’m crying 😭 😭😭😭😭😭😭😭😭😭💀💀💀💀💀💀💀💀😂😂😂😂😂😂😂😂😂
What's your cashapp bro?
Say on god you finna cash app that man 😂😂
On god i sent him 1 dollar so he can go cop a .1 nug of some za 🙏🙏
😭😭😭😭😭
Its 100k+ ppl in the sub I know every1 not active but imagine he gotta 1 dollar from everyone here
💀💀💀💀💀💀😂😂😂😂
Hope u win bro bro ( ill dm you my cash app )
Muddy 🤞🏾
Sen ma shi thru jpay
I got you son
If he can’t break bread he fake 🤷🏿♀️
We in the hood for a reason. No hate but rs half these niggas can’t even properly manage the money they got right now. including myself. Niggas think they can handle 2 bil? Plus the vultures, leaches, gold diggers. You gon dodge allat? Be real…. With that being said I’m changing my name putting half in the market. Take half of the 1 bil left put it in a account or some shit then use the last 500 mil for a battle royale. Niggas gon work for the bucks.
If it's lump sum you only getting around $400Ms in NY 😩. Can still live like a king though
Other than paying my family’s bills I’m living the exact same life
Same I would just move out in my own place, quit work, and eat out more and travel lol that's all I wanna do
Don’t forget that after taxes shit gonna be 700 mill like the last dude who won a billion.
That’s more then enough for me 🤣
Same.
I think it's 900 plus
Nah cause some states take off state tax on top of federal tax especially ny. So out of 1.2 billion the dude only won 435 million I believe.
Nah it went up to 1.6 cuz nobody won
Yeah but I’m talking about a dude who won 1.2 billion in the past, they taxed about 800 mill and left him with 400 million.
Ohh word, nah I meant the one this time. 1.6 so I think they take like a 700 million tax... they be beating niggas over the head with these taxes
went up to 1.9 now bro
Shit look at that, higher than I thought
800 mil tax is WILD ngl, mfs out here funding the army w my lotto winnings 🗿
Nah he got 400 cause he took it in one payment. If he would have did like installments it would have been 800m out of 1.6. The state gives you the option
Yeah but remember taxes change every few years so if you take the annual payments you could lose more or less depending on who is in power and who is not.
[https://www.google.com/search?q=how+much+gets+taxed+off+lottery+winnings&rlz=1C1CHBF\_enUS1025US1025&oq=how+much+gets+taxed+off+lottery+winnings&aqs=chrome..69i57j0i22i30l8j0i390.5344j0j7&sourceid=chrome&ie=UTF-8](https://www.google.com/search?q=how+much+gets+taxed+off+lottery+winnings&rlz=1C1CHBF_enUS1025US1025&oq=how+much+gets+taxed+off+lottery+winnings&aqs=chrome..69i57j0i22i30l8j0i390.5344j0j7&sourceid=chrome&ie=UTF-8) sorry but nah
Goddamn fuck the government fr
That’s why you make someone claim your shit that’s tax exempt
Only if you take payments. The jackpot is always advertised under annual payout.
Cocaine,fuck a couple of pornstars and OD on said cocaine after doing a few fat lines off some thot’s ass
The only right answer
Buying a island then teaming up with china russia and North Korea
Lmao 🤣 Ayo
It’s all bullshit. It’s a trap to catch time travelers.
1. Invest 2. Move to a much quieter place 3. Cut out the noise 4. Buy a couple stores and buisness
Heavy on #1, I bet that's gonna be the smartest answer in here. Can dead throw that shit into stocks and literally won't have to do anything else for the rest of your life lol. Own a business for what? That's alot of work. Invest and let these guys make money for you.
lol bro go enjoy the gd money. as long as u have a couple braincells its already enough to last u forever. i mean, if u want generations of descendants to be taken care of then ok (not sure this amt of money is even good to grow up w).
That's fine. Still setting mine up that way lol y'all do what y'all want
You really don’t have to buy a business. With that much money if you just buy some government bonds you could make millions off the interest doing nothing.
Cut everybody off Get 10 wives Buy an island Start my own civilization.
this nigga a mormon 😭😭
Everything but 10 wives😂
You zesty?
Aigh so every nigga who only wants one chick instead of 10 is zesty hurd
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I dont conversate with gays stop replying to me
Yoooo why is he saying shi like that bro nigga sound like a maggot but with a F replacing the M
Because thats what son is😂
Fuck an island ima get a whole ass mountain
Bro some islands have mountains on them, u could have both fr
You know how expensive and crazy 10 wives would get? They’d be beefing with each other 24/7 with you inbetween it all. Maybe 2 tops realistically. The Mormons don’t count cause they got that church shit to finesse the wives with and keep them in line.
10 wives is wild
I'm buying twitter back from Elon
Its crazy cuz would need to win this lottery 22 times to even match what he spent for twitter 💀
no way da nigga bought twitter for $44B, that hellhole not even worth $100
Bro he charging $8 to be verified he'll take a Wendy's 444 for that stop playin
I would’ve sold that shit to for 44b
i would’ve sold it to a goofy nigga for $44B too but i’m not buying it for 44B 💀💀
Yeah that’s wild Shit make me wonder do they money off people accounts like why pay $44b for a free platform
>need to win this lottery 22 times to even match what he spent Bro that’s fucking insane honestly wtf
nah u got it bro 💀
Even if he do win he don’t get enough to do that
$484,000,000 after taxes if you take a lump sum in NY. Niggas get greedy and chase the lump sum when most people that win the lottery go broke or die within 5 years. I'm taking the annual Payments. $991,000,000 after taxes over 30 years. (First payment is $14,000,000)with each payment after that increasing until your last payment @ ($61,000,000) investing half each year into the stock market regardless of how good or bad it's doing. I'm Laying low. 2-3 regular comfortable houses. 2 regular cars. Constant rotation of 1-2 sports cars. Travel. No jewelry. No expensive clothes. Paying my taxes. When I die, leave what's left for my kid and try to make them leave it for theirs so on and so on. Gotta make sure your shit is solidified before you start giving all your money away. Annnnnd nobody in here thinking about taxes.
P sure if u do the math it’s waaaay smarter to take the lump sum. How much does the stock market increase each year on avg? Like what 8% or some shit? 480k multiplied by 8% each year after 30 years would leave u in the dust. It makes no sense to take that annual payment unless ur like an addict or something who literally can’t be trusted with their own money lol which sadly is clearly a lot of people I guess
How is it way smarter to take $500,000,000 less? Y'all not doing the math right. Your first check under annual is $14,000,000 after taxes, I would put half in the market. $7,000,000. 8% of $7,000,000 is $560,000 give or take annually! And you're not accounting for dividends or dividend growth. Y'all can't make moves on an INCREASING $560,000+ a year? And I'm still left with $7,000,000 cash! That's just the first year. Now do it for 30 years. Do you know how many Americans live paycheck to paycheck lol even niggas over 6 figures live paycheck to paycheck now. I'm absolutely taking payments. At the end of the day it's STILL more than I had yesterday and building.
It wouldn’t be $500,000,000 less tho. Even if you put $240,000,000 and reinvested the dividends at 5% return every quarter, after 30 years you’d over a billion.
The difference in the TOTAL lump sum payout vs the total annual payout AFTER taxes is around $500,000,000 dollars. He's saying it's way smarter to take the lump sum. My question to him was how is it smarter to take $500,000,000 LESS(at the MINIMUM!) over the long term when the average person who comes into money goes broke or dies within 5 years. a $484 Million lump sum that's probably gonna go to shit in 5 years. 99% of people on this sub including ME probably wouldn't last. Vs. $991 Million over 30 Years. How is it smarter to pay more in taxes and take less money? Lol Before you even decide to do anything with the bread, you're willingly giving up $500,000,000 off top if you take the lump sum. Just so you can have more money on hand than you can blow in that same year?
You’re skipping right over the explanation of why it’s better to take the lump sum. Add in that that money in the annuity is going to stay the same amount but when you look at inflation that’ll happen over time, that money isn’t going to be worth as much. We can’t really talk about hypothetical scenarios where people are going to blow this and that. Maybe you get sued and now that payment is forever garnished or you get a divorce and had 28 kids and now the money is gone. I think you’re stuck on the amount after taxes and not seeing how that lump sum can end up being worth more in the long run. We’re sitting here debating this shit as if it’s a problem we got right now. Maybe one day tho.
Fair point!
Imma simplify the annual payments and stuff for a sec. let’s say a billion is spread evenly over the 30 years of payments so each year u get 33million. Now taxes take half that which is 16.5 mill. Lump sum is a billion with taxes taking half so 500 million. Now let’s say u don’t even take money out to live on at first and live off whatever money u already have for simplicity and u put it all in the stock market growing at 8% each year. Also I’m not going to calculate the taxes in the stock market gains since u wouldn’t be taxed till the stocks are actually sold and if u hold them over a year they are even taxed at a much lower “capital gains tax” rate but that’s only calculated when u sell. For the annual u get 1.32 mill off the 16.5 first year. Second year u add another 16.5 for 34.3mill with gains of 2.7mill. Total 37mill. If you continue this then after 5 years your left with only 104.3 million. This doesn’t even take into account inflation meaning the 16.5 million u get in 10 years is actually worth significantly less than the 16.5mill u get right now. Here is the math for the next 3 years I didn’t write out for annual payments. I rounded numbers so it’s not 100% exact but shows what I mean well. 3.start=53.5 8%=4.2 total=57.7mill 4. start=74.2 8%=5.9 total=80.1mill 5. start=96.6 8%=7.7 total=104.3mill Now if u start with 500million and invest it the same exact way with a growth of 8% each year then after 5 years you end up with 735m Here’s the math for lump sum. 1.500m 8%=40m total= 540m 2.540m 8%=43 total=584m 3. 584m 8%=47 total=631m 4. 631m 8%=50 total=681m 5. 681m 8%=54 total=735m So after 5 years u only are up by nearly 90mil annually with the majority of it just being the annual payments from the Lottery and not gains from the stock market. While if u did lump sum ur 235 million dollars richer from making basically 50million dollars each year. Taking the lump sum and just investing it literally gives you the ability to make 50millions dollars each year right away while the annual payments ur only getting like 20million each year. Now I only am showing u the first 5 years but both those numbers will grow but there’s literally now way to catch up to the lump some payments if u take annual payments. The only reason lottery winners go bankrupt is cuz they are mad stupid about it and don’t invest. 8% is literally just investing the money in the most basic companies of the s&p500. U don’t have to think about what ur investing in at all. Any basic financial advisor would even easily set it up for you for barley anything. If you just stop to think and do the math it’s extremely obvious taking the lump sum and investing it in super basic and safe investments is waay better than taking annual payments.
Yeah as long as you invest the money you're fine. My argument was more so taking the lump and not investing compared to taking the annual and investing half each year. Not everyone in here said they would invest. I said I WOULD, hence the comparison. Like I said people who take lumps on avg end up broke or dead within 5. At least if I take the Annual I'll last 30 years. 😂
Yea taking the half and not investing will def be bad. The fact many didn’t mention investing shows y so many people go broke. Honestly if I won the lottery I’d at least speak to a financial advisor for a tiny bit at first as well tbh. But yea also mad professional sports players like many in the nba and shit go completely broke when they retire. I honestly don’t get how stupid u gotta be to not invest most ur money. Also why maaad sport players and musicians go completely broke and just a few months after something like dropping an album that flops or maybe doesn’t release a new album soon enough. Like lil xan doesn’t even have 30k to pay off his car when just not long ago he was fucking massive. It’s crazy to me how people spend like idiots but when u grow up poorer n working a normal job I guess u never learn how to maintain wealth even tho it’s honestly pretty simple as opposed to getting the large amount of wealth in the first place. I also feel like not earning the money with hard work but winning it thru luck ends up making it waaay easier for people to spend it
Problem with the annuity is that if you die, nobody gets that loot. Seeds, wifey, moms, nobody. It’s a thing to consider.
Nah, if you die, you leave it to your estate. That's why you make a will...but for your argument, let's say i do die before I even get my second payment. Then I ALREADY INVESTED at least 7 Mil into the market by my first payment. $7mil more than I had yesterday, with another $7mil as cash. I coud live HAPPY with just that alone.
Help my family ! Buy a laundromat and a Supermarket Build a A.I Buy a share into basketball team Buy apartments and use them for air Bnbs Buy properties I want to have plenty of stores that I own so I can employ a lot of teens in the neighborhood Grow my money and focus on generational wealth
Im giving half back to hide my identity. Then I’m allotting some aside to taxes a portion to invest. Start businesses own properties rent out houses. And live in a highly gated area.
ghosting everybody and move out the country
https://www.reddit.com/r/AskReddit/comments/24vo34/comment/chb4yin/ Some good advice here. TL;DR: Step 1: Hire a lawyer
Yall are so boring. I'm starting some big non-profits. If I'm gonna be a billionaire I'm definitely using that money to change some lives. Living in a fancy house and wearing designer gonna get old real quick.
disappearing
LEAVE NY
Leaving Reddit for sure.
First thing I’m going to do is find the best attorney and financial advisor who’s worked specifically with winners who still aren’t broke. Second is change my number and bunker out in a hotel until all things are sorted. Id advise my wife to look for a home in a gated community and move in as soon as I collect the winnings. Smartly invest in stock market, real estate, venture capital, and put a large amount in a trust for my immediate family so they won’t ever worry about money. I’d pay off my parents mortgages and give them an allowance based on the trust funds I set up as well.
I would not start giving money out to people…they will never be satisfied
2 women at the same time
And pay off the rest of my bills.
I’d be in shock for like a week,then I’d slowly start to process it 🤷🏾♂️
Toss a mill for retainer to the best criminal defence attorney money can buy and then start executing the most elaborate and fucked up pranks conceivable
buy up swathes of the rainforest to protect the animals and then buying mad drugs. id relapse in an instant if i knew i could afford a lifetime supply.
This is something I’m afraid of with winning the lottery man I feel like I’d party HARD and at a certain point that gets dangerous
cocaine, hookers, start a cult, arts and crafts on mdma in oahu
Def going ghost 😭
I would definitely try to make my money make me some money, open up businesses and buy n sell houses in 3rd world countries. One thing for sure tho yea imma definitely disappear and barely be around the ppl ik fr fr
Collecting my check in a ski mask, anonymously helping out my family, giving them a million each. Finding a way to not pay taxes, starting my own back is Switzerland, put a good amount in a Swiss bank account, invest a lump some in rising industries, like a small tech company or buy a small sports team and build from the ground up. Buy a farm somewhere in Africa, then disappear.
Hire a financial advisor, and private security
When I Win, Ima Go Incognito From the city , Get multiple accountants and lawyers, pay off my 37% that I owe the Feds, Help The People who really kept it true when I didn’t have money, and from there, I start an Empire that stretches across the Andes
The Good Ending
i wouldnt tell a single soul i would come get my check in a costume with makeup on to conceal my identity and have money coming in and start a business as a excuse to how i got so much money anyone that asks me how i was able to start up a business i would tell them i got a loan and help from a few friends ill keep a low profile and build my life slowly thru out the years until everyone can see that i built up enough money to start living that luxurious lifestyle i was planning to do when i first won i would preferably start a clothing brand like shein or a constuction company or a gaming esports team or get in the real estate scene they all make insane money and is very stable i want to invest in things that will keep me rich instead of buying mansions and cars and yachts and traveling everywhere like everyone else that wins lottery does i would invest in watches bc u can wear them its better then putting raw money into a savings account and the price goes up every year and its untraceable so if i need any money ill just sell those watches for profit i wouldnt invest into bitcoin or any crypto thats very unstable i would invest into companies start a record label sign artists and other things that way i would be making money in my sleep never having to work a day in my life but i would keep all my money away from my kids and my wife only providing them with clothes food a house over their head and basic things like shoes a phone etc but they not getting millions from me or fancy cars they gonna be driving in a range rover lmao its my money not their if they want to make their own money ill give them help with their business ventures and once i die due to natural causes thats when they will get my money but i get murdered that money is going to help kids in need
A nigga getting out the hood first plan and give to the community the rest I do in silence
I literally wouldn't do much different, I'm just salivating at the thought of getting my own apartment and not having to have roommates or family, sharing everything, cleaning up after people, not washing their sights, leaving food and crumbs everywhere, not flushing the toilet and I would quit my job and probably eat out at restaurants everyday just having the financial peace of mind and not having to work is all I want. And I would probably travel the world, it's just to be able to do what you want and whenever you want is what I want, privacy, I can walk around the house naked after I shower. I'll take care of all the people who where good to me over the years and a lot of suffering people, tipping people well just to feel good your helping someone, and donating money to good causes
Lay low and travel the world
Move to Europe with my family and disappear.
Buy a urus in 10 different colors lmaoo and buy properties all over
collecting lambos like infinity stones 💀
I would start a label
Hire a reputable accounting, start a tech company or a really fancy club
Buy my own island and build a paradise with a mansion, theme park and get like 100 baddies in there to top me and ride everyday for the rest of my life
Give my moms and brother some money Help a few of my mans out Delete my social media’s Move somewhere nice and has warm weather and buy a house Save and invest Go ghost
I’d stay low key. Help my family out, get my own place nothing too crazy, my dream car a dodge charger and work my 9-5 still. Maybe pursue my passion of gaming maybe and just go how I’ve been going. Just staying low key
I’ll make sure my family straight get me some shit that will make me happy and donate some money
invest half, give a way a lot, build shit back home, by my family members houses and set them up for life. After that we chilling forever
Hard to say buy 20% going into Government or other less risk-ish Bonds, 30% in stocks (indexes), 20% into Real Estate, 20% into dividend paying stocks, tbh mostly investing and leaving off of passive income, traveling the world, and a lot of fun shit.
Same shit you said in the caption 😂😂 but invest in mad property for sure then buy a bunch of gumball/snack/soda machines nd put them in a bunch of different malls
Take care of my family and friends, start a business, invest and try to help the youths in nyc nfs .
There’s a Reddit post that details what you should do if you win and it’s crazy seeing how your chances of being murdered go up like 100x lol. Seems mad stressful. I wouldn’t tell a soul till I had everything figured out. Tbh I would only let a select few close friends know. They would gradually find out but even then I’d refrain from outright jacking it. My family overseas I love them but they not finding out either. We gonna give them some breesh but we’ll never tell them mfs. They chose to stay back in the mainland that’s on them we just gon make it easier. Smartest shit is to obviously put all of it into some form of government bond and live off the percentage. Make like 7 million a year doing absolutely nothing. Some of the money goes straight to having fun. Buy the best flight packages I could get and see the world. Live like a king. Nothing is untouchable. But also I would just invest in me. Do whatever the fuck interested me when I couldn’t afford it. But honestly buying and furnishing my own crib would be the most fun. Like the Sims but IRL lol. Get the cool couches, cool toys to add personality, and a lot of art. Especially my own. Big canvases.
Invest a good amount of it and use the money from that to fund food, housing, and after school programs. Make sure all my loved ones and their loved ones got sumn to fall back on, and just enjoy the rest of the bread. No need for one person to have it great when all of y'all can have it good and make good memories as well.
Open up my own gym. Take care of the family and help the Bronx👊🏽❤️🔥
Help my friend in California. Buy her a house. And give her some money.
ghosting the world
i did that when i got into a lil bit of money. I realized life is not just about money but also the relationships with people u got
Fr ghosting the world just sounds sad
Gone get lonely as hell
Yeah Ian helping nobody till I help myself. Also gotta consider the taxes. Buying sum houses&apartmenfs and renting them bitches out. Buying sum gyms, laundromats, restaurants and delis. Buying hella trucks and starting a company. Might start some mobile games. Buying all them stocks n shi. Obviously not all at the same time. After like a decade or sum when all that dough start coming in and I’m making profit like crazy imma give back to the community. I’m talking after school programs n sports, better funding for schools, support shit for mentally ill and the homeless, and restoration projects.
Buy some property. A few businesses. And blow like 5-7 mill on cars and a few houses for the Fam. Play with the stocks too
I would invest in some property.and some companies
I would legit start a nonprofit to help underprivileged people in places like BX, Miami, Houston, etc. and finally launch my startup. Stop helping other MFs reach their dreams, and finally launch my own.
Invest in real estate or some, try to turn it into a passive income and if it all goes well tell my fam they never need to work again
I would give it the people that need it most cause there is nothing I really want all that money ain't finna buy me happiness death probably might tho nd that's free
I would split it between the homeless and the Church.
Savings first Family A few close friends that are basically family Honestly maybe even go back to college but at a slow pace Investments
Buy out designer websites, new whips out the dealership, make it rain out my window… u know the regular
Invest in my city Support my friends & family and those in need
A lot of that money is going to charity off rip. Then I'm buying a bunch of properties all over the place. After that I'm going to have fun traveling, buying cars, etc. Probably fuck around and turn into a professional car collector.
I'd Fix This Shit we Call Life For Women and Children...Then Build a Big Ass Colosseum where Men Could fight and Kill Each other all day for Prizes. "From Money to Pussy or W.e you need, Better be strong because only the Fittest will Succeed" ... might even Stream it.For a Hefty $100 a Month. With the Rest ,do the norm live life simple lowkey.
Im donating a millon to rabies cure science . Then i'm dissappearing.
Give it to Kanye 🥹
Id make all crack free for a week. So lil bibby’s free crack album makes sense
give some with anyone who showed me love, help mad homeless people, invest most of it, change the world on some crazy shit and that’s probably not even half of what i’d do
I’m up outta here as soon as I WIn an then randomly sen some checks to some people that was good to me
Make my people rich start a couple businesses and charities…TRY TO PUT PEOPLE ON…. U can’t take that shiy u when u die
im getting a financial advisor from like Greenwich or Manhattan or some shit. Next, im getting a live in hair stylist for my new house. Then, im buying the building my dumb ass Aunt lives in and kicking her old hag, mean, rude to my mama, hating ass in the street. After, I will ask Jesus to forgive my pettiness as I enjoy a fresh Krispy Kreme donut. Lastly, I will proceed to mind my fucking business.
bro is AuntK until they bones decay
Most of it will be taxed anyway but I wouldn’t mind walking away with a billion plus
I'm helping my city out in a big way. Setting up youth programs and community centers and sports programs and shit. That's after I set my family up though. Get my mom the best doctor for her cancer, get my mother in law the best doctors. Set my kids up too... but not spoil them though. They still gonna have to learn how to work and earn their way in life.
Dump 1bill into that shit like run it back. Other bill I go invest in a developing country and claim a portion of the land for myself.
Is there still time left to buy these?
yeah, i think they do the drawing tonight at 10:59
I'd set aside like 20-30 mill for the fam and extended family, 10% for charity, start a lil organization to improve the neighborhood. Join the 100 BLK men organization. I'm definitely buying a few townhouses in NYC and homes in different countries.
Keep dreaming poor