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If I was found all I would give anyone was the same opportunity to win the lottery. I'd give them a free lottery ticket. |
Well, 1st thing that I would do would see my attorney & CPA, get the important details worked out & protection BEFORE cashing in the ticket.
The 1st thing I would spend money on would be to send my Mother to Japan and any of the other places left on her bucket list. Sadly, I couldn't stop working, as too many people rely on us, so I have to stay working. Quote:
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http://forums.pelicanparts.com/uploa...1451965929.jpg http://forums.pelicanparts.com/uploa...1451965941.jpg http://forums.pelicanparts.com/uploa...1451965950.jpg |
I'd buy this, full period resto, with maybe a modern LS drivetrain and tourqe thrusts.
https://spokane.craigslist.org/cto/5388354559.html http://forums.pelicanparts.com/uploa...1452018051.jpg |
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Now onto the question. I assume winning the lottery is a substantial sum? In today's world winning even a few million isn't really life changing. I will assume winning the lottery would be a sum similar to the current power ball? I would take the annuity vs. the lump sum. The annuity guarantees long term income can be used as collateral to borrow, can be willed and the money is taxable as received. The lump sum is taxable up front. First I would invest in real estate projects in areas I like to visit/vacation. Several boutique hotels around the world NYC, Boston, London, Parris, Charleston, SC, maybe a Castle in Ireland, a hunting lodge in Alaska, a thoroughbred farm in VA, MD, and a vintage yacht in the Mediterranean. They would all be income producing. When I visit it would be a tax write off. They would also provide income. Some must haves would be a NART Spyder, 550 spyder, 288 GTO, a Maserati Ghibli, Lotus 49. There are others but they are my must haves. My pet project (yes that is play on all the people that would help animals). I would set up and fund an organization to defend and protect fathers and children from the abuses of the family court system. Have attorneys on staff to court sit. File complaints against judges and sue unethical attorneys, probation officers and custody evaluators. |
First project would be our shipping container house in the mountains... Then the shop to go with it!
After that... Probably a few cars! |
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I would buy a huge warehouse.
Build two soundproof rooms. One with a drum kit, amps, and my guitars... and a pretty nice digital recording studio. One with the (almost) best analog two channel equipment Ian can get me (to spin my vinyl). Fill the rest of the warehouse with cars (and of course a coupe lifts), a few interesting projects and a couple of nice drivers... maybe a 996 targa and a Tesla to start off for drivers... project cars would be all pre 1970. |
When I posted this thread, I had no idea there was a big lottery going on.
I never really buy lottery tickets, but after an interesting day at work, thought... "WTF" ..so when I win tomorrow- I'm buying a round of torque thrust for everyone! :D (my favorite rim) http://forums.pelicanparts.com/uploa...1452042205.jpg oh.. yeah... speaking of torque thrust- there's an old friend I need to find and make something right about: http://forums.pelicanparts.com/uploa...1452042532.jpg Cheers! http://forums.pelicanparts.com/uploa...1452042612.jpg |
Oh yeah, I would (well- will) buy my wife the full DVD box set of:
LONNNNNGGGGMMMIRE!!!!!! http://forums.pelicanparts.com/uploa...1452044215.jpg |
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They close out the story on Netflix. The entire show is there as well. I liked that show. Vic was hot Sent via Jedi mind trick. |
Since we are all dreaming, I'd do as others said and get my financial and legal affairs in order, then build a house in the mountains on a lake and a house on the beach. Both with enough garage space to store a few cars nice P cars.
I'd also buy another 930 or two. One for the track and one for the road. I'd keep working to stay busy but not full time. |
How much moolah we talkin??
I'd buy and finish the restoration on this... http://forums.pelicanparts.com/uploa...1452104313.jpg |
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Then of course she was addicted and we had to watch the whole series. Seeing as this thread is titled "what project would you take one" I left out the obvious that any of us would first get our finances in order. I think I too would continue working... I have a pretty cool job but it doesn't pay for $hit... and with the Tesla I could use the HOV lane! As far as project cars I would pass on the "collectables"... I love Mustangs, Camaros, Porsches, etc. but even if I were rich not sure I could handle paying 10-20 times what they were selling for back when I was in high school. There are plenty of oddball fun cars out there to own that don't bring that premium price. For instance there is a suicide door thunderbird for sale locally. I would probably spend more time in and on building/working on the studio and recording music. |
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One of the projects I thought about was opening a full-sized indoor hockey rink in my home town. It would absolutely be a money-loser, I am sure. But after having watched how much fun kids have playing hockey, I'd love to spread that fun around. I'd try and make the place self-supporting, but having a place where kids could go to learn to skate, and play hockey, and for folks to go in the summertime to cool off? That would be really cool. Pun intended. |
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Powerball is currently at $450 million (with a pinky nail to the corner of my lip). It could be fun being Dr. E-Vil for awhile !
Truth be known, I would try to help as many good, deserving, (not expectant) people as possible who need assistance. |
$450,000,000 is pretty good. If you take a lump sum, it's $275 million. Subtract State and federal income taxes. So, that leaves you with what, $150,000,000 in the clear? Or, if you like, take $15,000,000 per year for the next 30 years. That's the annuity.
Well, I might be able to scrounge $2.00 from the ashtray of my daily driver... And I'll ignore the 1:392+ million odds against. ;) |
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You have better odds of being hit by lightning twice on the same day in two different countries. No thanks. Fun to dream but I'm not a sucker.
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