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$320 MILLION: Powerball lottery jackpot goes through the roof

Topic closed. 444 replies. Last post 4 years ago by jamella724.

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United States
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August 13, 2012
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Posted: March 21, 2013, 1:57 pm - IP Logged

I Agree! that's how people go broke.. too much lavish spending just coming into money like that :-/

I respecfully disagree. People, lottery winners, go completely broke because they are idiots. An example would be David Edwards who won the Powerball back in 2001. He could have lived like a king but went broke not because he bought nice things and vacations but because he kept buying and buying and buying and buying until every last penny was spent.  If you just won $100 million jackpot and you spend $150,000 on a vacation that's not even close to going broke...that's enjoying an amazing vacation and living it up. You have barely even touched the principal and you would still be earning thousands of dollars in interest daily, every...single....day. People go broke because they don't plan and don't use their brain or a calculator. Equating taking a lavish vacation after winning $100 million to "that's how people go broke" is a logical fallacy.

Just my thoughts.

    helpmewin's avatar - dandy
    u$a
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    February 22, 2011
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    Posted: March 21, 2013, 1:59 pm - IP Logged

    If you can afford it, that's the whole point. Indulge yourself if you win. You have more than enough money for several lifetimes. My indulgence would be 2 weeks in Musha Cay (arriving by private jet) Remember folks, when you die your bank ballance means nothing. Enjoy it while you can and you're still young enough! We're only going 'round this merry-go-round once. Yes Nod

    see why it is good to take annuity payments then if you die it will NOT Stop it will keep going to whomever you like to get the moneyYes Nod

    Let it Snow Snowman

      helpmewin's avatar - dandy
      u$a
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      February 22, 2011
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      Posted: March 21, 2013, 2:01 pm - IP Logged

      $320M+ Hurray!

      $320,000,000.00 Dance

      Let it Snow Snowman


        United States
        Member #131552
        August 13, 2012
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        Posted: March 21, 2013, 2:04 pm - IP Logged

        see why it is good to take annuity payments then if you die it will NOT Stop it will keep going to whomever you like to get the moneyYes Nod

        Always take the cash option. Contact a tax attorney. Setup a blind trust (remain anonymous) if you die, you will have a will, the money can be given to whomever you wish.

          helpmewin's avatar - dandy
          u$a
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          February 22, 2011
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          Posted: March 21, 2013, 2:11 pm - IP Logged

          Always take the cash option. Contact a tax attorney. Setup a blind trust (remain anonymous) if you die, you will have a will, the money can be given to whomever you wish.

          the ones that take the cash option and start blowing through their money will not need to worry about getting a attorney they will not have anything left to leave to anyone.Crying

          Let it Snow Snowman


            United States
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            August 13, 2012
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            Posted: March 21, 2013, 2:21 pm - IP Logged

            the ones that take the cash option and start blowing through their money will not need to worry about getting a attorney they will not have anything left to leave to anyone.Crying

            LOL

            I find it odd and a little funny that some of you here seem to think that once you win a lottery jackpot of this size that you're supposed to place it in the bank, leave it there (don't touch!) and go about your life normally, as you are living now. Nobody suggested that you "blow through your money" that's for idiots like David Edwards. We are talking about things we would do if we won, which is the entire point of playing in the first place. To buy and do things you would never have been able to do before.  If however, you're like one of the above mentioned sad souls who can find a way to win millions and blow through every....last....dime, well, you've got bigger problems then taking the cash option vs the annuity.

              helpmewin's avatar - dandy
              u$a
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              February 22, 2011
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              Posted: March 21, 2013, 2:24 pm - IP Logged

              LOL

              I find it odd and a little funny that some of you here seem to think that once you win a lottery jackpot of this size that you're supposed to place it in the bank, leave it there (don't touch!) and go about your life normally, as you are living now. Nobody suggested that you "blow through your money" that's for idiots like David Edwards. We are talking about things we would do if we won, which is the entire point of playing in the first place. To buy and do things you would never have been able to do before.  If however, you're like one of the above mentioned sad souls who can find a way to win millions and blow through every....last....dime, well, you've got bigger problems then taking the cash option vs the annuity.

              who said i would keep money in the bank No No no sir it goes under my bed with all my other money there it is safe!

              Let it Snow Snowman


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                Posted: March 21, 2013, 2:27 pm - IP Logged

                who said i would keep money in the bank No No no sir it goes under my bed with all my other money there it is safe!

                And this is where I exit this exchange.

                Crazy

                  helpmewin's avatar - dandy
                  u$a
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                  February 22, 2011
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                  Posted: March 21, 2013, 2:33 pm - IP Logged

                  And this is where I exit this exchange.

                  Crazy

                  See Ya!

                   

                  Good Luck Lep

                  Let it Snow Snowman

                    ashabug725's avatar - Yavill
                    Indiana
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                    February 9, 2012
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                    Posted: March 21, 2013, 2:40 pm - IP Logged

                    If you can afford it, that's the whole point. Indulge yourself if you win. You have more than enough money for several lifetimes. My indulgence would be 2 weeks in Musha Cay (arriving by private jet) Remember folks, when you die your bank ballance means nothing. Enjoy it while you can and you're still young enough! We're only going 'round this merry-go-round once. Yes Nod

                    You're correct in one aspect... My bank balance won't mean anything to me when I'm dead.... Except knowing that my children will inherit what I have.... Now, I'm not saying a couple years after I win I won't do any crazy spending, but I know myself, and I know if I live lavishly with my newfound riches that I will easily adapt to that lifestyle... And then that's where I could go broke.... No matter how much money you have, there's always somebody willing to take it all right from under your feet..... And that's my 2 cents :)

                    I wish I may, I wish I might...
                               Win the Powerball jackpot THIS big night!!!

                      ashabug725's avatar - Yavill
                      Indiana
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                      February 9, 2012
                      322 Posts
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                      Posted: March 21, 2013, 2:45 pm - IP Logged

                      I respecfully disagree. People, lottery winners, go completely broke because they are idiots. An example would be David Edwards who won the Powerball back in 2001. He could have lived like a king but went broke not because he bought nice things and vacations but because he kept buying and buying and buying and buying until every last penny was spent.  If you just won $100 million jackpot and you spend $150,000 on a vacation that's not even close to going broke...that's enjoying an amazing vacation and living it up. You have barely even touched the principal and you would still be earning thousands of dollars in interest daily, every...single....day. People go broke because they don't plan and don't use their brain or a calculator. Equating taking a lavish vacation after winning $100 million to "that's how people go broke" is a logical fallacy.

                      Just my thoughts.

                      2 weeks. Would be half a million... And while I would still have lots of money left over, its not something I would do as soon as I get my money... 2 each his own... I know how I am, my fiance is, and how we would be.... But.. that being said, in no way depicts how you would be!!

                      I wish I may, I wish I might...
                                 Win the Powerball jackpot THIS big night!!!

                        helpmewin's avatar - dandy
                        u$a
                        United States
                        Member #106665
                        February 22, 2011
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                        Posted: March 21, 2013, 2:47 pm - IP Logged

                        $1.00 $2.00 and a dream Everything ain't what it seems LOL

                        Let it Snow Snowman

                          ashabug725's avatar - Yavill
                          Indiana
                          United States
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                          February 9, 2012
                          322 Posts
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                          Posted: March 21, 2013, 3:00 pm - IP Logged

                          $1.00 $2.00 and a dream Everything ain't what it seems LOL

                          Disney I'm goin to Disney World when I win!!!!!!!!!! There's my vacation getaway :)  (gotta will it to happen... So yes when I win) ha!

                          I wish I may, I wish I might...
                                     Win the Powerball jackpot THIS big night!!!

                            golfer1960's avatar - Lottery-003.jpg
                            Eatontown, NJ
                            United States
                            Member #119670
                            November 29, 2011
                            740 Posts
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                            Posted: March 21, 2013, 3:08 pm - IP Logged

                            What would be everybody first top three things  to buy if you win the lottery?

                            Ok BBLL, 

                            #1

                            house in Rumson, NJ

                            #2

                            2013 ford taurus

                             

                            #3

                            Bora Bora

                             

                            Can you dig it? Sun Smiley

                              BBLL's avatar - audi r8-wallpaper-bla
                              Chicago
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                              Member #122762
                              February 7, 2012
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                              Posted: March 21, 2013, 3:16 pm - IP Logged

                              Ok BBLL, 

                              #1

                              house in Rumson, NJ

                              #2

                              2013 ford taurus

                               

                              #3

                              Bora Bora

                               

                              Can you dig it? Sun Smiley

                              I can dig that Big Smile

                               

                               

                              What would be a good price limit to buy a house?

                                 
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