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OfflineShroomslip
Architekt
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Registered: 11/25/12
Posts: 23,656
Last seen: 30 minutes, 30 seconds
Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19240033 - 12/07/13 09:33 AM (10 years, 2 months ago)

I'd buy a house with a bunch of land, I want to have to use binoculars to see my nearest neighbor. I'd start growing my own food. With the left over I'd split it in half, half would be set aside for living expenses and the other half would get invested in low risk, but profitable investments.

I have very simple aspirations.


--------------------
With my face against the floor I can’t see who knocked me out of the way.
I don’t want to get back up but I have to so it might as well be today.
Nothing appeals to me no one feels like me, I’m too busy being calm to disappear.
I’m in no shape to be alone contrary to the shit that you might hear.


You can't wake up, this is not a dream. You're part of a machine, you are not a human being
With your face all made up, living on a screen. Low on self esteem, so you run on gasoline


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Invisiblethoughts
imagining.
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19240045 - 12/07/13 09:35 AM (10 years, 2 months ago)

I'd start a business and keep stackin paper.


--------------------
I need Jesus.


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OfflineThe5thElement
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Re: So if you won the lottery how would you spend it? [Re: sanchothestoner]
    #19240047 - 12/07/13 09:35 AM (10 years, 2 months ago)

Quote:

sanchothestoner said:
I'd buy a bunch of acid, weed, and alcohol first.  Then a nice classical guitar, an orange amp, and a chill cabin that's secluded in the mountains or something.  I'd probably also buy a lot of benzos, opiates, and an acoustic guitar.

I think with everything else I have in my life right now, that's pretty much it.




Doode, if we both get rich we should start a band :sip:


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OfflineIrfan
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Re: So if you won the lottery how would you spend it? [Re: Asante]
    #19240060 - 12/07/13 09:37 AM (10 years, 2 months ago)

Quote:

Wiccan_Seeker said:
Buy silver by the forkliftload.  Its under $20/oz right now, its a steal. Every fiver you spend on silver now will be a tenner soon.




What makes you say that?  Silver and gold have both been in a steady decline since their height in early 2011.  If you look at the prices of precious metals during the 1980's recession it peaked and fell off dramatically as the economy recovered and faith was restored in the dollar.  Why would you think anything different is happening now?


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OfflineLuSiD enthusiast
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Re: So if you won the lottery how would you spend it? [Re: Irfan]
    #19240082 - 12/07/13 09:42 AM (10 years, 2 months ago)

I'd probably set up an investment, and years down the road end up scammed out of it with my luck.


--------------------
I'm addicted to coke, weed, booze, ludes and speed.
Not LSD, you can't get addicted to LSD, it was built by scientists.

I ain't got no demons that gonna get woke.


In erowid we trust.

Just take your damn pills and don't ask any questions, you'll be fine.


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Offlinesanchothestoner
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Re: So if you won the lottery how would you spend it? [Re: The5thElement]
    #19240103 - 12/07/13 09:49 AM (10 years, 2 months ago)

Quote:

The5thElement said:
Quote:

sanchothestoner said:
I'd buy a bunch of acid, weed, and alcohol first.  Then a nice classical guitar, an orange amp, and a chill cabin that's secluded in the mountains or something.  I'd probably also buy a lot of benzos, opiates, and an acoustic guitar.

I think with everything else I have in my life right now, that's pretty much it.




Doode, if we both get rich we should start a band :sip:




Down :hook:


--------------------
I fucking hate you... God damn, I love you...
But we both know if we stick together, we'll just tear ourselves apart
You are my sunshine, my only sunshine, you make me happy, when skies are grey
You are my heroin, but there's an abscess... God damn, I miss the vein!


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InvisibleAsante
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Re: So if you won the lottery how would you spend it? [Re: Irfan] * 1
    #19240112 - 12/07/13 09:52 AM (10 years, 2 months ago)

Quote:

If you look at the prices of precious metals during the 1980's recession it peaked and fell off dramatically as the economy recovered and faith was restored in the dollar.  Why would you think anything different is happening now?




Because back then there WAS recovery of the economy and now all news to that effect is hype and spin.

Mr Bernanke's printing press is spewing out $85 billion every month in QE3 to borrow the illusion of current prosperity from tomorrow. And meanwhile one in six americans is near bankrupt on the perconal level, cities are bankrupt, states are bankrupt and the federal government is in hopeless deficit.

Its a house of cards and rather than strengthening the base they frantically build it higher and higher. Growth! Growth! Growth! Borrow from the future to spend today!

That will all come tumbling down, and people will hold onto other things than dollars and euros and guess what? Silver will be among the options left.

Economic recovery today, unlike the 80s, is entirely bogus.

Expect clusterfucks in your near economic future and prepare by having a good supply of food and drink in your house cause it may be a bumpy ride.

We are in the endgame of the scam of fractional reserve banking and fiat currency, and there will be no pacifying the by now all devouring beast of deficit and debt.


--------------------
Omnicyclion.org
higher knowledge starts here


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OfflineAyahuascasoul
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Re: So if you won the lottery how would you spend it? [Re: Asante]
    #19240135 - 12/07/13 09:58 AM (10 years, 2 months ago)

Seeking alpha says prices of precious metals will drop in 2014 so......wait


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InvisibleAsante
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19240187 - 12/07/13 10:12 AM (10 years, 2 months ago)

They cant foresee sudden adverse events emerging, no one can, but they are getting more and more likely week after week.


--------------------
Omnicyclion.org
higher knowledge starts here


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OfflinePatlal
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Re: So if you won the lottery how would you spend it? [Re: Asante] * 1
    #19240273 - 12/07/13 10:41 AM (10 years, 2 months ago)

Most of my winnings would be invested in real estate.

My dream house:

A big victorian house on a big parcel of land. There would be a massive staircase at the entrance, a big library on the left, a big kitchen on the right, the rooms would be upstairs, of course they wouldn all be bedrooms, I would have a boudoir (for ze ladies), a drinking room, a arts room, etc etc. The cellar would be filled with wine and spirits and there would be a home theatre connect to a wicked man cave

Dream car:

Don't give a fuck

Dream cottage:

Overseas, by the beach somewhere. I would also have some land in Europe.

Dream wife:

I would have her custom built to my favorite measurements and wouldn't live with me. I would see her on occasion maybe 3 times a week.


--------------------


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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: Mush4Brains]
    #19240718 - 12/07/13 12:39 PM (10 years, 2 months ago)

Quote:

Mush4Brains said:
Quote:

Crystal G said:
Well, that depends. How much is the lottery I'm winning? $100,000? $30 million?

If $30 million, then I'd end up with a little over $15 million due to taxes. I'd probably spend $4 million on two to three homes, spend another $1 million on traveling and eating and hobbies, put a million in my bank account, save $5 million in offshore accounts, and then invest the rest of the $4 million in investments and in starting up new businesses.

If I only win the $100,000 lottery, I'd probably just save all of it and help pay off my debts, since close to 50% will be taken away from taxes. I would probably spend only 10% of it on things that I want, such as new clothes and hobbies I enjoy, like skiing or wakeboarding.

Seems most people here would just waste their money and go bankrupt pretty quickly. Kind of like those one-hit wonder celebrities who grew up poor and blow all their money cause they don't know what to do with it, then end up filing for bankruptcy in 2 years and never make a famous hit song ever again.





You're talking about spending $4 million on three homes, $1 million on traveling, so 33% of your winnings, and you're making fun of people who go broke after getting rich?




Ummmm, are you not aware that real estate accrues equity over time? You make money off BUYING homes, plus you get a hefty tax deduction. You don't make shit from renting. People use real estate all the time as part of a financial plan.


Edited by Crystal G (12/07/13 01:52 PM)


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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: Mush4Brains]
    #19241039 - 12/07/13 01:52 PM (10 years, 2 months ago)

Quote:

Mush4Brains said:
Quote:

Crystal G said:
Well, that depends. How much is the lottery I'm winning? $100,000? $30 million?

If $30 million, then I'd end up with a little over $15 million due to taxes. I'd probably spend $4 million on two to three homes, spend another $1 million on traveling and eating and hobbies, put a million in my bank account, save $5 million in offshore accounts, and then invest the rest of the $4 million in investments and in starting up new businesses.

If I only win the $100,000 lottery, I'd probably just save all of it and help pay off my debts, since close to 50% will be taken away from taxes. I would probably spend only 10% of it on things that I want, such as new clothes and hobbies I enjoy, like skiing or wakeboarding.

Seems most people here would just waste their money and go bankrupt pretty quickly. Kind of like those one-hit wonder celebrities who grew up poor and blow all their money cause they don't know what to do with it, then end up filing for bankruptcy in 2 years and never make a famous hit song ever again.





You're talking about spending $4 million on three homes, $1 million on traveling, so 33% of your winnings, and you're making fun of people who go broke after getting rich?




Ummmm, are you not aware that real estate accrues equity over time? You make money off BUYING homes, plus you get a hefty tax deduction. You don't make shit from renting.


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InvisibleGilgamesh18
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Re: So if you won the lottery how would you spend it? [Re: Crystal G] * 1
    #19241050 - 12/07/13 01:54 PM (10 years, 2 months ago)

Real estate can also lose equity!


--------------------


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OfflineIrfan
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Re: So if you won the lottery how would you spend it? [Re: Gilgamesh18]
    #19241162 - 12/07/13 02:19 PM (10 years, 2 months ago)

Quote:

Gilgamesh18 said:
Real estate can also lose equity!




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OfflineCrystal G
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Re: So if you won the lottery how would you spend it? [Re: Gilgamesh18]
    #19241255 - 12/07/13 02:34 PM (10 years, 2 months ago)

Quote:

Gilgamesh18 said:
Real estate can also lose equity!




Yes it can, which is why in the financial industry we say, "Don't put all your eggs in one basket."

It is not a wise choice to be putting almost all of your money investing into real estate. You should actually put a little bit in real estate, a little bit in stocks, a little bit in mutual funds/bonds, a little bit in universal or whole life insurance, a little bit in savings, a little bit in starting new businesses, and this way your portfolio will be much more stable.

Putting in 20% of your lottery money in real-estate and the other 30% in starting new businesses and investments is really not a terrible choice. Currently the real-estate market has been picking back up, and market prices are really low, so now is actually the best time to buy. $4 million for 3 houses is not out of the question, especially not in this state. You can't even get a house in a gated community for under $2 million here.

I personally wouldn't even quit working if I was going to make $15 million, because by the time I'm 60 the inflation would have made it probably only worth $6 million or so. And I'm certain that $6 million would have been spent it by then. I'm not going to spend my retirement years as a greeter at Costco or Walmart.

On the other hand, spending all your money on things that are GUARANTEED to devalue over time, such as extravagant parties, fur coats and leather jackets, drugs, or luxury cars... that is definitely a good way to 100% waste your money. And many one-hit wonder celebrities have gone broke this way, by buying Louis Vuitton bags and Chanel dresses, spending it on lovers and escorts, by buying thousands of dollars worth of drugs every single day, by hosting expensive parties every single night, dining in at expensive restaurants and ordering thousand dollar wine and champagne every day, and by buying Ferrari's and Lamborghini's, and giving away lots of money to relatives.

Things that accrue in value slowly over time are diamonds, firearms, gold, stocks, bonds, and real-estate. Usually.


Edited by Crystal G (12/07/13 03:07 PM)


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InvisibleTrentBoyett
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19241303 - 12/07/13 02:43 PM (10 years, 2 months ago)

I'd buy drugs, a lot of guns, a car, a house, and make it so none of my close friends/immediate family had to work anytime soon.


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OfflineRickyBobby
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Re: So if you won the lottery how would you spend it? [Re: TrentBoyett]
    #19241379 - 12/07/13 03:00 PM (10 years, 2 months ago)

A house in Switzerland, a bunch of braods, a bunch of guns and im not sure what else.


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InvisibleKhii Khwaay
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19241381 - 12/07/13 03:00 PM (10 years, 2 months ago)

I'd probably have some minefields cleared or something like that. I don't want any more stuff.


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InvisibleRobo
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Re: So if you won the lottery how would you spend it? [Re: Ayahuascasoul]
    #19241414 - 12/07/13 03:10 PM (10 years, 2 months ago)

White sports car, like a porsche or smaller engine ferrari, loads of technology and toys, clothes, bunch of cool drugs, nice place to stay in a few major cities, and I'd give some to my family.


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OfflineJacksonMetaller
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Re: So if you won the lottery how would you spend it? [Re: Robo]
    #19241428 - 12/07/13 03:14 PM (10 years, 2 months ago)

I'd buy a million lottery tickets


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