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Thread: fantasy

  1. #1
    Cyburbian Floridays's avatar
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    fantasy

    So this thread may have been discussed in the past...but what would YOU do if you were in this guy's position?

    INDIANAPOLIS, Indiana (AP) -- A man who was laid off last week from his job at a tractor factory claimed a $89 million Powerball prize Monday with the sole winning ticket.

    Tim Rivers said he and his wife, Pam, plan to buy a new house and move out of their mobile home in the town of Salem in southern Indiana.

    The couple, who are both 24 and have two young children, opted for the cash option and will receive $49.9 million before taxes, a Hoosier Lottery spokeswoman said.

    "Winning that much money terrified me," Tim Rivers said, adding that when he realized Saturday he had a winning ticket he immediately called a financial planner.

    Pam Rivers, who works at a daycare center, said both she and her husband plan to return to school and she hopes to become a nurse.

    They have a 6-month-old son, and a daughter, 4.

    The winning numbers for Saturday night's drawing were: 11, 44, 45, 48, 50 and Powerball 2.

  2. #2
    Cyburbian Seabishop's avatar
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    I'm glad to see someone win who really needs it.

    I'd pay off debt, get a new utilitarian car (which we would do soon anyway), get a slightly bigger middle-class house, travel a little, and maybe slowly creep into real estate development. I would also try my best to completely hide the fact that I'm a millionaire from my kids so they won't end up like the Hilton Sisters. I'd try not to live much differently but know that things will be taken care of.

  3. #3
    Unfrozen Caveman Planner mendelman's avatar
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    Quote Originally posted by Seabishop
    I'm glad to see someone win who really needs it.

    I'd pay off debt, get a new utilitarian car (which we would do soon anyway), get a slightly bigger middle-class house, travel a little, and maybe slowly creep into real estate development. I would also try my best to completely hide the fact that I'm a millionaire from my kids so they won't end up like the Hilton Sisters. I'd try not to live much differently but know that things will be taken care of.
    I second Seabishop!

    I'll add that I would also create a trust with the money. One of the things that would be done would be to setup all children that I'm related to or will be retaled to will have their college education paid for in total.

    About three weeks ago, a single powerball ticket won a jackpot of 223 million! Now that's a prize.
    I'm sorry. Is my bias showing?

    The ends can justify the means.

  4. #4
    Cyburbian Rumpy Tunanator's avatar
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    I'd buy a small island somewhere and go into hiding. Really if I just won a million dollars or even $500,000 I could start my own building rehab business and Rumpy's Rampage.
    A guy once told me, "Do not have any attachments, do not have anything in your life you are not willing to walk out on in 30 seconds flat if you spot the heat around the corner."


    Neil McCauley (Robert DeNiro): Heat 1995

  5. #5
    The first thing I would do is quit my job, pay off any debts, and go on an extended vacation. I would probably then buy a nice lake house and maybe a downtown loft. I would then start my own business like a bar or a record/cd store.
    "I'm a white male, age 18 to 49. Everyone listens to me, no matter how dumb my suggestions are."

    - Homer Simpson

  6. #6
    They are about a half-hour drive from here. Knowing Salem / Washington County (pronounced "wooshington" or alternatively "warshington"), they are about to have a pile of "friends".

    If I won, I'd be logging on to Cyburbia from Hawai'i or the rocky coast of Maine
    Je suis Charlie

  7. #7
    Cyburbian otterpop's avatar
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    I've always said that if I won the lottery jackpot I would spend it on good pot, good beer and bad women, then probably squander the rest!

  8. #8
    Cyburbian SlaveToTheGrind's avatar
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    Quit my job, build and oversee a construction of a new house (traditional two story with say, 6,000 square feet total including basement) buy a nice truck, play golf every day, open a small business to teach my kids that work is essential, hide the money from my kids, give all my family members a good chunk of change, travel the world, and most importantly, donate to worthy causes in the community.

  9. #9
    Cyburbian nerudite's avatar
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    I would pay off the house and hire some contractors to totally refurbish it. I really love my house, so I don't think I'd end up moving. Other priorities: paying off mom and dad's debts, buying retirement/investment properties, giving money to charity or possibly setting up a scholarship fund, making sure all of the kids go to college (including my sisters kids)... the list would go on and on. I'd also travel A LOT!

  10. #10
    Cyburbian michaelskis's avatar
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    I would pay off my bills, and the bills that my parents and sister have. Other than that, I would invest some of it in low risk mutual funds for a year and a half. I would then buy a loft apartment on the top floor of a place in downtown Kalamazoo, but other than that, at this time in my life, nothing much would change. I would still drive the same car, keep the same job, and I would still go get my masters and my AICP. (Let my current job pay for it.

    THEN:
    I would start doing Urban and Downtown Real Estate… (Over all, my plans for the future would not change, they would just happen a little bit easier)

    I guess I am just happy with my life, and I am going to achieve my goals even if I have to work very hard to do it. More money would mean that I would just have more money… not more happiness.

    Less money however, would cause less happiness.
    "A long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. Time makes more converts than reason." - Thomas Paine Common Sense.

  11. #11

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    I would probably buy a nice house in San Francisco, conservatively invest the remainder and do volunteer work (not that I ever have been much of a volunteer). I am an addict of real estate porn, attending open houses and the like. I don't want a mansion, by any means. But, everything is so expensive in the Inner Bay Area that lottery is necessary (jk).

    With that much money, though, I may try to partner with a couple of local niche homebuilders who do downtown infill housing. I can barely wield a hammer, but I could provide design review assistance and capital for some infill lots in my current town, which has a ton of potential downtown.

    Travel, art collecting, all that stuff, too. Not sure I would choose a draining, high stress, high burnout job like nursing. I admire her fortitude.

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