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Lottery officials confirm Chubb workers as winners of $140M Mega Millions jackpot

Topic closed. 25 replies. Last post 8 years ago by justxploring.

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ThatScaryChick's avatar - x1MqPuM
Idaho
United States
Member #56506
November 21, 2007
6537 Posts
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Posted: March 19, 2009, 10:17 pm - IP Logged

I don't find it fine for them to go back to work.  In todays economy EVERY job is important and thats 10 jobs that could 'open' up for other people who need the job.

It's their lives, not mine. If they want to continue working that is up to them not anyone else. I would love to retire if I won, but some people like to work. I am sure a few of them will end up retiring anyways.

"No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

    OldSchoolPa's avatar - Lottery-057.jpg
    Gurnee, Illinois
    United States
    Member #49731
    February 12, 2007
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    Posted: March 20, 2009, 12:49 pm - IP Logged

    Wrong dude. They will get less that. like 8.5 million.

    What math did you use to arrive at that?  NJ doesn't have a state tax, and the standard withholding for federal tax is 25 percent (of course I know they will ultimately have to pay more than that when they file their tax returns, but I am only talking about the amount the lottery will cut each check for when the money is made available.).  So that is how I arrived at my figure.  Dude.

    Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

    The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

      bashley572's avatar - starwars14
      West Side of Sunny Florida
      United States
      Member #55048
      September 8, 2007
      3371 Posts
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      Posted: March 20, 2009, 8:10 pm - IP Logged

      I would sure take 8.5 million cash.  That's more than enough if you don't blow it.  If you made 50,000 dollars a year for 40 years that would be 2 million before taxes.  So how do you figure 8.5 million isn't enough ?  A secure CD at 3.5 % would be almost 300,000 annually on the whole amount.

      Even if you spent half of the money you would make 150,000 annually on the interest on the remainder.

      8.5 million is more than enough.

      Check yo'self before you wreck yo'self.

      I agree, plus there are MANY other ways to get the same satisfaction as working.

      Money won is twice as good as money earned!

        Avatar
        San Diego, CA
        United States
        Member #58386
        February 12, 2008
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        Posted: March 20, 2009, 11:25 pm - IP Logged

        I have no understanding of working after winning the lottery.

         

        Brad Duke, who won $220 million in Powerball a few years ago STILL runs a business.

         

        Permanent vacation for me.

          Avatar
          PA
          United States
          Member #53427
          July 7, 2007
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          Posted: March 21, 2009, 12:58 am - IP Logged

          Retiring on $8.5 million is very easy, as long as you plan on living a comfortable life without going overboard.  I mean, a 3% return alone would be more than $240,000 a year or $20,000 a month. If you can't survive on $20,000 a month (without lifting a finger to work for it), then you don't deserve the money in the first place.

            OldSchoolPa's avatar - Lottery-057.jpg
            Gurnee, Illinois
            United States
            Member #49731
            February 12, 2007
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            Posted: March 21, 2009, 7:47 am - IP Logged

            I actually agree with those who DECIDE to CONTINUE to do something workwise, whether that is continuing to hold down a JOB or starting/continuing a BUSINESS.  Doing WORK keeps ones MIND constructively occupied; to just go on a "permanent" vacation likely would lead to ones demise through boredom, frivolous spending, drug use, excessive gambling, and the like.  Unless one found a CONSTRUCTIVE hobby that OCCUPIED the majority of one's time each day, such things are likely to occur and no amount of one saying, "I'm different...it won't happen to me....I'm not like Jack Whitaker/Edwards/name your lottery winner gone bust" this is the totally truth about human nature.  For example, let's say a person said no more to traditional work and instead devoted 8 - 12 hours to improving his/her golf game.  That person would likely be fine.  Or the person decided to become a perpetual Habitat For Humanity volunteer...that person would likely be fine.  Or the person decided to become an expert in sport fishing/scuba diving/rock climbing/sky diving...although each of those pursuits have an added element of inherent risk associated with them, if the person keenly worked to mitigate those inherent risks, they should be fine for the most part.  But for the person who wants to lounge around, build the nicest expensive house, buy ALL the big boy toy cars money can buy, buy all the exotic type of art (Edwards), go out and be the big baller at the "finest" strip clubs (Whitaker), be the family friend banker, and had a little drug problem in the past...all I can say is look out for the impending train wreck.

            I am an analytical person, but success with money is not always about the dollars, cents, and interest; but it often times is about the dollars, common sense, and personal interests.

            Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

            The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

              Avatar
              San Diego, CA
              United States
              Member #58386
              February 12, 2008
              287 Posts
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              Posted: March 21, 2009, 11:19 am - IP Logged

              I actually agree with those who DECIDE to CONTINUE to do something workwise, whether that is continuing to hold down a JOB or starting/continuing a BUSINESS.  Doing WORK keeps ones MIND constructively occupied; to just go on a "permanent" vacation likely would lead to ones demise through boredom, frivolous spending, drug use, excessive gambling, and the like.  Unless one found a CONSTRUCTIVE hobby that OCCUPIED the majority of one's time each day, such things are likely to occur and no amount of one saying, "I'm different...it won't happen to me....I'm not like Jack Whitaker/Edwards/name your lottery winner gone bust" this is the totally truth about human nature.  For example, let's say a person said no more to traditional work and instead devoted 8 - 12 hours to improving his/her golf game.  That person would likely be fine.  Or the person decided to become a perpetual Habitat For Humanity volunteer...that person would likely be fine.  Or the person decided to become an expert in sport fishing/scuba diving/rock climbing/sky diving...although each of those pursuits have an added element of inherent risk associated with them, if the person keenly worked to mitigate those inherent risks, they should be fine for the most part.  But for the person who wants to lounge around, build the nicest expensive house, buy ALL the big boy toy cars money can buy, buy all the exotic type of art (Edwards), go out and be the big baller at the "finest" strip clubs (Whitaker), be the family friend banker, and had a little drug problem in the past...all I can say is look out for the impending train wreck.

              I am an analytical person, but success with money is not always about the dollars, cents, and interest; but it often times is about the dollars, common sense, and personal interests.

              I didn't say that I would sit at home on my a** and do nothing. I just said I would not work.  I would take up hobbies, travel,  manage my money, and do other things to keep myself occupied (strip clubs included).

              There would be NO chance I would fall on my face.

                bashley572's avatar - starwars14
                West Side of Sunny Florida
                United States
                Member #55048
                September 8, 2007
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                Posted: March 21, 2009, 6:09 pm - IP Logged

                I didn't say that I would sit at home on my a** and do nothing. I just said I would not work.  I would take up hobbies, travel,  manage my money, and do other things to keep myself occupied (strip clubs included).

                There would be NO chance I would fall on my face.

                Yes again I agree.  My point is you can get the same satisfaction from many other things other than working.  Most often its MORE rewarding.

                Money won is twice as good as money earned!

                  sirbrad's avatar - Lottery-062.jpg
                  PA
                  United States
                  Member #22983
                  October 6, 2005
                  2226 Posts
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                  Posted: March 21, 2009, 9:35 pm - IP Logged

                  Yeah, I would be "working" on my golf game on the course that I own all day. Then putting on my indoor green all night.

                    dopey7719's avatar - Lottery-049.jpg
                    Midlands, SC
                    United States
                    Member #69698
                    January 14, 2009
                    303 Posts
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                    Posted: March 21, 2009, 10:10 pm - IP Logged

                    I wonder how much they each put in the pot.

                      justxploring's avatar - villiarna
                      Wandering Aimlessly
                      United States
                      Member #25360
                      November 5, 2005
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                      Posted: March 21, 2009, 10:37 pm - IP Logged

                      Whether or not someone wealthy chooses to continue working is often not influenced by money.   The majority of us work because we have to, but many people enjoy their professions.  The more you make, the more you can give away too.

                      Regarding the necessity to work if a person has $14 million (less tax) I think it's ludicrous to say it's not enough to live a very good life unless you are totally irresponsible.   Most people won't earn that in a lifetime.  Just give me $2 million and I'll show everyone how easy it is to be very comfortable!