Haven’t done a lottery post in a LONG LONG time! Mainly because at The Company they’ve firewalled all websites related to lotteries and gambling. I can’t even check the NUMBERS online anywhere, which is frustrating.
However, last night I was able visit some sites and saw that the take home on a single winning ticket would be $132M after all fees, taxes, etc. are taken out. That’s a healthy chunk of change. On the way home last night Radio Chick was giving away free tickets to people who called in with good ideas on how they’d spend the money. As for me?
$13.2M to my church
$13.2M to various charities and to start college scholarship endowments
$5M each to a trust fund for my kids payable upon their 25th birthday
$10M investment into real estate in the following places: New York City, Hawaii, Scotland, South Carolina
$1M to buy a small plane to get back and forth between aforementioned real estate
House for Jen/Beau to start their family in style
House/Business space for Marmie/Pop to grow Marmie’s tea business into large Martha Stewart corporation
Various cash gifts in $10K increments to all friends and family (anything over $10K per year is taxed, so they would get repeating cash gifts for several years)
Even with all that we’d still have something like $75,000,000 left, which is a scary amount of money.
But I’d use some to start my own business at that point – I’ve mentioned before how I want to open a top-notch, top-of-the-line kennel for animals of all kinds that allow owners to view their pets online while they are on vacation, get grooming services at basic prices, veterinary services, etc. and know their pets (anything from ferrets to cats to dogs to pigs to horses) are well taken care of. For that I would need many many acres of land, a full-time vet staff onsite, cutting edge computer technology and a town that has the clientele. I wouldn’t charge a lot to the customer because the goal is to allow “average” people to afford the extravagant care for their animals. That’s my dream job. Being with animals all day.
Update at 1:30 p.m.: Denis is on his way now to PA to pick up $5 in Powerball tickets. This is on the off-chance my family is unable to get some while driving up to NJ today.
Are you sure you’d want to turn over $5 million dollars to a 25 year-old?? I know if I’d had that money at 25, I wouldn’t have it today. :nono:
That said, I think your list is admirable (including the dream job…very cool!). Not that I’m on the all important “friends” list (YET :wink:), but you can now give $11,000/yr/person (so if they’re married, you can give $22,000) without gift tax. Just making sure your friends get their “fair” share. :angel:
Gotta Love Gwynne! :clap:
Anthony and I have joined his pool of 8 at work… That would mean we would bring home 16.5 million. Not bad. Of course nothing near 132Million but I could live with it. We decided that we would just pay for things for everyone this way they wouldn’t be taxed. i.e. houses, pay off mortgages and the like.
Gwynne, I would not let the kids have access to the entire $5M upon their 25th birthday. It would be handed out piecemeal each year, like an annual allowance. If they blow through it before the year is up, that’s their problem.
We may be (eventually?) rich, but I hope to teach my kids to be more responsible with money than I was at that age. Fortunately the man I married is VERY good about saving and spending wisely, so they have ample opportunity to learn to be responsible.
Very wise. :up:
So now, what do I need to do to get a high-paying job (the kind that doesn’t involve a shovel) at your dream company?
Gwynee, for benefits to employees what if I were to offer…
* free health/dental insurance for self and immediate family
* 4 weeks vacation and 1/2 of all national holidays (we’ll need SOMEONE to cover on holidays)
* quarterly performance bonuses based on how well the kennel does AND how well the employee does
* free veterinary care for your own pets
* free gym on location
* free lunch/snacks/dinner every day including weekends and nights
* ample retirement/401K plan complete with company matches and easy vesting (3 years instead of 5?) (this was added after Gwynne’s comment)
Salary would be dependant on the job – obviously the Vet is going to make more than the person working the cash register. But all “low” salaries would be far above minimum wage, and with all the perks and bennies would be a GOOD job to have, right?
I’d work for you, Jaynee! :-)Those are great benefits.
And, wow. Having 75 million left over after giving so much of it away/investing?! That really is a large amount of cash. I can’t really comprehend it very easily.
Throw in a nice healthy retirement plan contribution, and I’m there! I might even be willing to shovel. 😀
It has been added, Gwynne! I can’t believe I forgot that! I’ll throw in a Dependent/Healthcare Spending Account as well. :up: