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What would the experts do with a lottery jackpot?

Topic closed. 65 replies. Last post 11 years ago by sirbrad.

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Uff Da!'s avatar - InCelebration 001.jpg
Washington State
United States
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February 26, 2006
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Posted: March 11, 2006, 9:50 am - IP Logged

KY Floyd said:

If you continued to get by on less than 100k when you could easily afford to spend 2,3 or 5 times that much, I'd be very impressed and I'd wonder why you bother throwing your money away on lottery tickets.

 

I, too, believe I could get by on an average of $50,000 adjusted for inflation for my personal expenses if I were able to remain where I am.  That's far more than I'm living on now and I live in a very nice waterfront home.  However, I recognize that a big win itself could necessitate some increase from that, should I need to spend much on professional advisors, body guard, or if I felt that, for security reasons, I needed to move to a gated community. 

So why should I throw money away on lottery tickets?  First of all, I only spend an average of about five dollars a week, and I consider that just part of recreation, since I don't go to movies, go golfing, or spend much else for recreation. 

Secondly, it would be nice not to have to budget as carefully as I do now.  $50,000 a year would mean my next car could be another new one instead of a used one. 

Thirdly, I'm planning on living to age 101.  (Though I might not make it, I like to plan ahead, and I've had relatives live up to 97.) I'm healthy now at age 64, but it would be nice to feel secure about covering my medical expenses in the future and to be able to hire help to assist me to live in my own home as long as possible, rather than end up in a nursing home.

But primarily I spend money on lottery tickets because my idea of fun is totally different from that of those who would spend, spend, spend.  Partying every day just sounds like torture to me.  I'm a loner.  But I would consider it FUN to be able to write a check to the city to build a new fire station that's badly needed.  It would be one gift from me to my friends and neighbors in this small town where I've lived for many years.  For various reasons, taxes are already very high and there are many services that still need improvement.  It would be FUN to write a check for the amount still needed to be raised to build an addition to the local library.  It would be FUN to be able to provide the funds for the local and the county Progressive Animal Welfare organizations to build facilities.  It would be FUN to be able to provide about a million bucks to fund spay-neuter programs and TNR (Trap, Neuter, Release) programs in locations that already have a good network of volunteers, but where they lack the funds to carry out such work.  It would be FUN to be able to provide several four-year full-tuition scholarships to graduates from the school from which I retired as a teacher.

To me the big thrill of a lottery win would not really be in what it would do for me personally, but in the charitable gifts I could make.  In the long haul, probably 90% of any big win I might get would go to charities, though much of that would not be until after my death.

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    Sparta, NJ
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    Posted: March 11, 2006, 12:03 pm - IP Logged

    Thats what makes this place interesting.  Some have big plans, some have small.  I could do all you say, and still spend, spend, spend.  It is what millions enable some one to do.  For the same reason I won't hide, or build a fence around the property , or buy guard dogs to protect me.  Get out there and do!  Never have been a shy one!

    Cheers

    |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

    I only trust myself - and that's a questionable choice

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      Posted: March 11, 2006, 1:15 pm - IP Logged

      "the tax is at 38% for the government"

      Just curious how you are calculating 38% . . the 2006 Federal Tax Rate Schedules indicate the highest rate is around 35%.

      http://www.irs.gov/formspubs/article/0,,id=150856,00.html

      When you're dealing with muli-millions, and have the money for the same type of experts who write the laws, it doesn't matter whether it is 35%, 38%, or 40%.  Ted "The Swimmer" Kennedy and John "Stab A Veteran In The Back" Kerry aren't paying those percentages, and no other rich person will either.  Unless you are dumber then dirt and couldn't find your butt with both hands.  Get money, have money - keep money!

      "Unless you are dumber then dirt and couldn't find your butt with both hands"

       

      10-17-03 "60 Minutes" report Gimme Shelter

      http://www.cbsnews.com/stories/2003/10/16/60minutes/printable578497.shtml

       

      IRS: Tax Scams - How To Recognize And Avoid Them

      http://www.irs.gov/businesses/small/article/0,,id=106788,00.html

        mylollipop's avatar - Trek STLOGO6.png

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        Posted: March 11, 2006, 1:22 pm - IP Logged

        On average yes, at least for many years. Not saying that I would not ever have to spend more than that, but never more than that every month. Not anytime soon. Although I do plan for the future, I am more concerned about living NOW.

        You are much older than I am, so of course you want to spend spend spend. If I was in your position then I would probably do close to the same. You are right, I have no intentions of getting sick. I am an avid fitness buff, and nutritional expert and do not engage in the bad habits that seem to plague mankind every day.

        Most people have no one to blame but themselves for their ailments, as it was their bad habits during their "invincible youth" that lead to their poor health in their golden years. Give or take a few 'natural cause' diseases. The lottery is like everything else, a 'personal decision' based upon 'personal circumstances'...not one universal law.

        Ahh, so now the modification of the absolute begins.  It always does with the perfect 

        Ever heard of asbestos?  Perfectly physical people were in the wrong place at the wrong time.  Ever heard of a multilated body due to a drunk driver?  Ever heard of Bruce Lee? 

        Plan for the worst, prepare for the worst. Enjoy the best, don't settle.  It is how I got to my age.  I didn't walk through the bush in 'Nam thinking I was in perfect physical shape, which I was - 10 miles in full combat gear, running, was normal every morning exercise.  Carry around five hundred rounds of ammunitions on your back, twenty-four/seven for weeks, and tell me again what kind of shape you are in.  I made it because I preplanned my life weeks in advanced.  I prepared and thought of every possible action, and practiced options upon optioins until they became like breathing. I became a Ranger, then joined Special Forces.  Not to be a hero.  Because I knew they had the best training on this planet on how to survive.  Billions of man hours went into thinking of ways to train me to live - in combat, and on the New Jersey Turnpike.  Take advantage of the best there is in life; especially when the training is not only free, you're being paid for it! I always remembered the golden rule" DON'T DIE!  Break that rule, and all other rules are meaningless.  I am where I am because of that rule.  Heart attacks, by pass surgery, bullet wounds, shot out of the sky, I never violated that rule.

        Right now I have the perfect retirement planned - for me.  Fishing.  My own, fully paid for, home.  ZERO debt.  A truck with no payments. Three retirements checks.  Friends I would trust with my life - friends I have trusted with my life.  Ten months and counting, maybe fourteen; depending on the weather.

        But that is not my goal.  If it was, I would quit this lottery silliness, and buy health bars with the money.  I plan to win a multi-million dollars and have more fun than I can plan for.  I have spend ten years planning on spending money in every way known to man.  Every year, I find another way to spend more.  Next year, I will find yet another thing to spend money on.  Fishing is for not having unlimited wealth.  Uncensored fun is for having unlimited wealth.  I am have been around the world, literally, several times.  I have looked at so many beautiful women I lost count.  With a jackpot, I intend to do it all over again.  If Iget tired of looking at beautiful women, then I will move to some hick town and settle for looking at the teeny-popper at the 7-11 store.

         

        Hey Chewie, may I dare suggest that I have a gut deep, deep, deep gut feeling that not only are you going to be in a position to do the things you mention above, but you are also going to win because God Blue Angelis going to use you for a very special purpose and Chewie, He is going to present you with one woman, who will love you totally and sincerely.  She is coming.  You have just gone throught the *#!@&!#)*&_ in life that you have so that when it is your time to enjoy life on earth, you will appreciate it.  . This post is not meant to enrage you because it is obvious how you feel about Christian philosophy. You can call it what you like Chewie, but it is coming and I just can not hold it any longer.  I just had to share it with you. It is coming and you can take that to the bank! Hyper Your big win is COMING! You will settle a very blessed and happy man.  Others will be glad to see you coming; not for your money but for the enlightened wisdom you will share with them when God gets finished with you.

        In an earlier post, I mentioned the names of a few LP members I have "perceptions/visions" about.  You were one of them.  I have never been fooled yet!  I might not have the total picture, but I can see significant bits of it. 

        You will be wealthy; very wealthy.

         

          justxploring's avatar - villiarna
          Wandering Aimlessly
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          Posted: March 11, 2006, 1:36 pm - IP Logged

          "Like I said I don't need a lot, and that would be more than enough for me."  sirbrad

          Agree 100%. I hate using expressions like "everything is relative" because it's so cliche, but people seem to confuse "want" and "need" a lot of the time.  I totally agree that $5,000 a month is enough money for a healthy single man or woman to live on, even a couple. But a lot depends on your needs. If you have children and want them to get a good education, have big weddings, and set up trust funds for them and your grandchildren, it isn't enough. Good healthcare is also expensive. I might even work part-time for benefits until I'm 65.

          "As luxurious as I would ever need in this area." 

          That's the key...the area & lifestyle. But many people change when they win a lot of money. What money does is give us choices. There aren't many people in this country who can't "live" on $5,000 a month after taxes. (are we talking about spending money?) Families with 5 kids live on a lot less. Many people who "need" to live on more might be forced to sell their large homes or even move to a different area. Some would have to fire their housekeepers, pool service, lawn service and personal chauffeur or bodyguard. I had a close friend who received over $7,500 a month from a settlement. That was 10 years ago and she was always broke. Her closets were overloaded with clothes, most of them with the tags still attached. I know people who go to the casino on the weekend or on gambling cruises and blow more than I spend on rent.  Again, lifestyle is a choice. It's not a choice if you're poor however.  Anyone who has been sick and/or lost a job knows what it's like to budget. Suddenly even a pizza is a big treat. You no longer get Chinese take-out or your hair/nails done every month. Stopping for breakfast or even getting coffee at Dunkin Donuts is no longer routine. So maybe some of the people who say they'd be happy with $5,000 a month have been through this and appreciate money a little more. That being said,  I'd still prefer $20,000 a month!  (I was only saying that $5,000 would be nice too.)

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            Sparta, NJ
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            Posted: March 11, 2006, 1:36 pm - IP Logged

            "the tax is at 38% for the government"

            Just curious how you are calculating 38% . . the 2006 Federal Tax Rate Schedules indicate the highest rate is around 35%.

            http://www.irs.gov/formspubs/article/0,,id=150856,00.html

            When you're dealing with muli-millions, and have the money for the same type of experts who write the laws, it doesn't matter whether it is 35%, 38%, or 40%.  Ted "The Swimmer" Kennedy and John "Stab A Veteran In The Back" Kerry aren't paying those percentages, and no other rich person will either.  Unless you are dumber then dirt and couldn't find your butt with both hands.  Get money, have money - keep money!

            "Unless you are dumber then dirt and couldn't find your butt with both hands"

             

            10-17-03 "60 Minutes" report Gimme Shelter

            http://www.cbsnews.com/stories/2003/10/16/60minutes/printable578497.shtml

             

            IRS: Tax Scams - How To Recognize And Avoid Them

            http://www.irs.gov/businesses/small/article/0,,id=106788,00.html

            (CBS) If you think the rich don't pay their fair share in taxes, in some cases, you're absolutely right, especially if you're talking about big corporations and wealthy individuals who use questionable tax shelters.

            Right off the bat, they start the liberal montra.  "questionable tax shelters"  There is no such thing as a questioinable tax shelter.  It is legal or it is not.  It works or it doesn't.  If there is an opportunity, businesses or the rich should ignore it?  The rich already pay more than their fair share of taxes.  The OMB website proves it.  What about those who take, take, and then take again, they don't pay any taxes.  I work to support their drug habit.  I am working to rebuild New Orleans into another slum based disaster area, The Chocolate Capital of America.  Let them kick in their "fair share in taxes"!  100% from me, and 0% from them - a liberal do-gooder dream come true.

            Cheers

            |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

            I only trust myself - and that's a questionable choice

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              Sparta, NJ
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              Posted: March 11, 2006, 1:44 pm - IP Logged

              Hey Chewie, may I dare suggest that I have a gut deep, deep, deep gut feeling that not only are you going to be in a position to do the things you mention above, but you are also going to win because God Blue Angelis going to use you for a very special purpose and Chewie, He is going to present you with one woman, who will love you totally and sincerely.  She is coming.  You have just gone throught the *#!@&!#)*&_ in life that you have so that when it is your time to enjoy life on earth, you will appreciate it.  . This post is not meant to enrage you because it is obvious how you feel about Christian philosophy. You can call it what you like Chewie, but it is coming and I just can not hold it any longer.  I just had to share it with you. It is coming and you can take that to the bank! Hyper Your big win is COMING! You will settle a very blessed and happy man.  Others will be glad to see you coming; not for your money but for the enlightened wisdom you will share with them when God gets finished with you.

              In an earlier post, I mentioned the names of a few LP members I have "perceptions/visions" about.  You were one of them.  I have never been fooled yet!  I might not have the total picture, but I can see significant bits of it. 

               

              You will be wealthy; very wealthy.

               

              You're funny, I gotta admit it.  Should your God give me the jackpot, and there is solid proof it was from your God, whoever she is, I will thank her, then keep the money.  Lets hope your right.  The Big Win will make me the example of the world!  Look everyone, see what NOT beleiving in God gets you!  Thanks!

              Oh, by the way, Your God did give me the perfect wife.  Then killed her with cancer. Killed my mother and father the same way.  I see a mass murderer trend here!

              Cheers

              |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

              I only trust myself - and that's a questionable choice

                TheGameGrl's avatar - character catafly.jpg
                A long and winding road
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                Posted: March 11, 2006, 9:51 pm - IP Logged

                I'd question anyone deterring the investment in real estate. It rarely drops and if given the right location one can fair well in the real estate market. Its equity not a liability.  Buying acrage is the first step. Why? Because at some point a city will expand and when it does, its the local builders who will salivate and bid ridiculous amounts to get the rights to that property. My co-worker is already in this market.Bought farmland (25 acres) at 42k because it was so far out in a rural area. Today he's selling it to developers for 95k per quarter acre! I never knew dirt could cost so much!

                Only 10% of my (wishfull thinking) winnings would go to township bonds. A portion would go to some medical groups for finding cures and aiding families who need financial help.

                My family would get houses (good equity investment!) and be set up with trust funds.

                Unless you lived and had money in the stocks back in the 1990's you have no idea what its like to see your hard working money just vanish! And it happened in a manner that didnt allow a person to bounce back! It was gone. Poof! Never again will I trust an advisor to tell me how to handle my money. I'd trust a few folks here with decent suggestions but the end result is simiple. Its no ones business but your own in what you do with your winnings. (barring any taxes or illegal activities of course).

                 

                Real estate values rarely drop? You should ask Donald Trump how he nearly lost it all after becoming a billionaire. Ask anybody in the Hudson Valley who sold their home in the first  few years after IBM laid off thousands of employees. The same story has happened in many other places, and many economists believe the recent housing bubble is likely to burst on a far larger scale. Real estate may represent equity, but it isn't especially liquid and it carries liability, both in taxes and any other upkeep, and in the litigious sense, since an injured party may sue you as the property owner.

                That's not to say that real estate is a bad investment, but like every other investment you aren't likely to do well if you don't buy the right things at the right time.  You also need to decide what mix of income and appreciation you want. Real estate isn't a convenient way to generate income unless you want to be a lottery winner who works as a landlord. Personally I'd rather be a lottery winner who's retired, so any real estate investments I'd make would be for long term appreciation.

                Buying low and selling high is a great idea, but the highs and lows are only easy to see in hindsight.  Historically, both real estate and stocks have been good investments as long as you're in for the long term, but if you need money when the price is low or you buy the wrong thing your investment may turn out poorly. It's easy to buy relatively small quantities of a lot of different stocks to reduce your risk, but it's not very practical to buy lots of inexpensive pieces of property. You can invest in REIT's, but that basically puts you back in the stock market.

                I'm curious about  your reference to losing money in the 90's and not being able to bounce back. There are certainly plenty of people who lost nearly everything, but that has pretty much always required putting all of your eggs in the wrong basket. As the article mentions, anybody who had their money in Microsoft and Intel through the 90's did very well. Depending on how long your coworker has owned the property he may have done much better than those who invested in Microsoft, but somewhere there are also a lot of people whose property has barely kept pace with inflation, and a few whose property has become a superfund site since they invested in it.

                Thankyou KY for giving a different spin on the aspect of the real estate market. I beleive I specifically stated the circumstances that did produce lucrative return. RE: Farmland and the right location. Sorry if that was overlooked.

                 I can only speak of what I had experience in the stock market and how it did affect my financial portfolio. Yes our company financial advisor was agressive and I lost from following that advice.

                Since this post was about investments I stand by my opinion that real estate isn't such a poor choice in the scheme of things. (*footnote: Location Location Location).

                I do agree with you , be active and knowledged when making an investment. Its a risk.

                ~~Is it true, Is it kind,Is it necessary. ~~~

                pa:888,4445,6132,4444,8008

                  BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
                  Magnolia, Delaware
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                  Posted: March 11, 2006, 11:21 pm - IP Logged

                  I thank each and everyone of you who have posted your comments and feelings to this topic! We are all different, each of us will do what is right for us, if we just so happen to be the lucky one to win the big one. And "No One" will be able to change our mind one-way or another as to their way of thinking, when all of us here on LP already have their minds made up as to what we will or will not do after the win! I have enjoyed reading all of the post from each of you and to say the least it was a colorful. I do believe each of you will do just as you have stated and their is nothing wrong with that! More power to each of you and may you all have the chance to do as you have stated!

                  I know I'll be on the side of spend, spend, spend and enjoy life while I'm alive and well to enjoy it! I'll also set some aside for my loved ones and couple of my close friends, and that's it! 

                  Keep dreaming the impossible dream, it just may come true! Thumbs Up

                    sirbrad's avatar - Lottery-062.jpg
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                    Posted: March 12, 2006, 1:05 am - IP Logged

                    I am not saying I would not spend money, of course I would. I also would most likely invest it at the highest yield possible. However I was simply pointing out that it would not be necessary depending on the size of the jackpot.

                    I was making a point just how much money millions really is, and I am not interested in the fast lane lifestyle synonymous with the rich. But I would be very well enough, and content at the lowest price possible. I was brought up with strong values, and obtaining more money is not going to all the sudden make me irresponsible and careless, even if I can afford it.

                    Not interested in travel, boats, or having more than 2-3 cars. But my house would be full of goodies and gadgets for sure, and I would definitely own a few golf courses, and a few other buildings relating to my talents, and other business prospects. But what makes it all so sweet is that everything is now a CHOICE, not a necessity.

                    As far as I am concerned that type of mental, and financial stability is "priceless."

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                      Indiana
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                      Posted: March 12, 2006, 10:44 am - IP Logged

                      There really are some good comments in this thread and I thank everyone who participated.

                      @TheGameGirl:

                      I completely understand where you are coming from.  I had a very agressive portfolio pre 9/11 and I lost my happy little a** after the attack.  The fund never fully recovered.  I too think Real Estate is an excellent investment.  But agin I think one needs to hedge one's bets with diversity (other investments) and be very selective about the Real Estate that is bought.  

                      @SirBrad:

                      I completely agree with you too.  One cannot put a price on mental or financial stability.  

                      After making the right choices for your finanical security (whatever they may be) the thing that concerns me the most about winning the jackpot is protecting your privacy.  Once you are tagged with the epithet Lottery Winner you become a target for every con artist...criminal and mooch (relative, legitimate charity or otherwise) in the world.  and let's not forget all the Ralph Kramden's in the world with their hair-brained get rich quick schemes.  Protecting your financial investments is critical but so is protecting your privacy (i.e. security). 

                      That's why I strongly believe that any investment plan you have should include re-location to a "gated' community.  It doesn't have to be an ocean front estate.  And it doesn't have to be in Palm Springs or Fort Lauderdale.  There are plenty of "upper middle class" gated communities in the country. 

                      The bottom line with me is...not only is mental and financial stability priceless...but so is your personal security.  So...invest in a safe and secure home with an excellent security system.

                      Jim 

                       


                      Money frees you from doing things you dislike.  Since I dislike doing nearly everything, money is handy.  - Groucho Marx

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                        Posted: March 12, 2006, 12:23 pm - IP Logged

                        One example of how to "share the wealth" . . Ken Williams, founder of Sierra On-Line, hosts free no-banner websites.

                        http://www.talkspot.com/aspx/templates/blank.aspx?msgid=0

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                          Bethesda, Maryland
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                          Posted: March 12, 2006, 2:58 pm - IP Logged

                          OK...let me try to clear this up in a simple manner.  Stocks are risk investment.  The market is volatile.  Any one who had money in the stock market on 9-10 knows what their portfolio looked like on 9-12.  When it comes to stocks there is no gurantee and no safe investment.  What goes up can and will come down.  Even Blue chips.  Yes you can make money in the market but there is risk associated with it and people can and do loose money on stocks.

                          I am not a professional investor but here'e what I reccomend and in fact what I plan to do when I win:

                          (NOTE: Much of this plan depends on the size of the win but as a rule I'm talking about a significant win like $20 plus million with PB or MM.) 

                          First with regard to existing debt...I do agree that it should be paid off.  All debt.  Mortgage, credit cards, car loans, medical bills, student loans...everything!  But as to whether you should pay it off immediately with your winnings or develop a plan to pay it off from interest or dividends I'm or 2 thoughts.  But whatever you do it should all be paid off within a year.

                          With regard to investments...minimum risk is the key to me.  This can be accomplished through diversity and insurance gurantees.  Therefore my plan looks something like this:

                          Generate income to live on: 

                          The first part of the money goes into the highest rated tax free municipal bonds available.  (U.S. Only!)  These will probably pay something like 3% tax free.  I'd put between 10% to 20% of the total jackpot there.  (Once again it depends on how much you win and how much you'll need to maintain your new lifestyle.)

                          Next...CDARS.  These are CD's that are covered by FDIC Insurance and will also pay something like 3% (taxable).  I believe you can put something like $20 million in CDARS and still have them insured.  Plus they are somewhat liquid.  Depending on the size of the win I'd put perhaps 10% to 20% of the total jackpot there.

                          Then...U.S. government T-Bills and Bonds.  This is the safest investment in the world and while not insured by the FDIC...they are backed by the U.S. government and if it fails (which is a distinct possibility) it doesn't matter because your life as you know it will probably be over any way.  Somewhere between 30% to 50% (at least) would go there.  (Maybe even more.)

                          I'd also place a bit in foreign government securities as well.  But only in highly developed "western" nations.  No third world, emerging nation investments at all.  About 5% to10% would go here.  (i.e. Governmental securities in Great Britain, Japan, etc.)

                          As I said about 5% to 10% would go into the stock market/mutual funds and the bulk of that would remain in the U.S.  No risky investments at all...widows and orphans type stocks spread out to also include Blue Chip, small cap...mid cap and perhaps some growth stocks as well.

                          I'd also create an MSA (Medical Savings Account) or something similar.  Most likely a flat dollar amount rather than a perchantage.  This requires having a medical insurance policy with a large deductable and that may be tough to buy since by now I would have quit my job.  But I'm sure it could still be done. 

                          Real Estate would be next on the list...perhaps as much as 10% to 20% of the total jackpot would go into actual Real Estate with maybe a smaller perchantage invested in Real Estate stocks.

                          I'd also buy recious metals and other investments like gold, diamonds, jewelry...things of that nature.  I probably wouldn't invest in paintings or cars and I'd stay away from commoditites but I would buy precious metals and the like.  Again perhaps 10% to 20% of the total jackpot.

                          A Life Insurance policy?  Maybe?  IMHO that depends more on your dependants more than you. 

                          Finally I'd keep some green "train riding" money squirreled away in some safe deposit boxes.  A couple of hundred thousand G's here and there might come in handy on a rainy day or if you're kidnapped.

                          As for the entity...nothing would be in my name.  (Well...next to nothing or very little.)  I favor an LLC but a trust is also a great option.

                          And of course  a chunk of money would have come right off the top to purchase and furnish a home in a gated community somewhere.  And to pay for the lawyers, body guards, investment counselors, money managers, tax advisors etc that you'd have to have to survive.

                          Jim 

                           

                           

                           

                           

                           

                           

                           

                           

                           

                          HAPPY SUNDAY "UNCLE JIM"....3/12/2006

                          This is the fst opportunity I've had to read your posting, but let me say, you gave excellent and sound advice. You must  have been a CPA, or CFO of a company or Tax Planner in your early years. Just reading thru everything, is for me, somewhat mind boggling. But, it's essential to follow these guidelines to keep from squandering, not only Lottery winnings, but our Salaries as well.  Even our small, and medium inheritance from our Parents. My generation, I am in my middle 40's,is not, according to everything I've, saving nearly enough for retirement and old age.

                          Many of us do not consider even doing all you discussed w/the inheritance we recv from our Parents. Some of it, but not in it's entirety.

                          And lets not mention College Tuitions for our Children. You are unquestionnably very good at handling money, but sadly, too many of us are not, which is why some have squandered their Lottery Prize winnings, and end up going back to the 'grind stone' not because they want to, but because they have no other choice.

                            psykomo's avatar - animal shark.jpg

                            United States
                            Member #4877
                            May 30, 2004
                            5144 Posts
                            Offline
                            Posted: March 12, 2006, 3:05 pm - IP Logged

                            Wooodaa.....................

                            Cuuuuuuuuuuuuuuudaaaaa!!!!!!!!!!!!!!!!!

                            Shuddddddddddaaaaaaaaaaaaaaa???????????

                            Lets win in 2006$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

                            LOL

                            PSYKOMO 

                             

                             

                              Avatar
                              Bethesda, Maryland
                              United States
                              Member #16901
                              June 6, 2005
                              446 Posts
                              Offline
                              Posted: March 12, 2006, 3:17 pm - IP Logged

                              Wooodaa.....................

                              Cuuuuuuuuuuuuuuudaaaaa!!!!!!!!!!!!!!!!!

                              Shuddddddddddaaaaaaaaaaaaaaa???????????

                              Lets win in 2006$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

                              LOL

                              PSYKOMO 

                               

                               

                              lolololol.............3/12/2006

                              yes......lets make this a BIG WINNING YEAR for the members of the LP....See Ya!