Is there a restraining order in my future?

I worked with Jeff years ago, wonder if he remembers me .....

http://www.timesunion.com/local/article/Modest-plans-for-big-ticket-winners-1009281.php

Can you imagine the collection, my wife would take out an injuction

My wife already told me that if we hit 48 million, there's travel in my future.

If my wife and I hit 48 million, there's travel in her future.

racinginc215 wrote: If my wife and i hit 48 million, I wouldn't tell her until the divorce was final. and I'd buy a series of meaningful 1 night stands with 20 year old women and all the cars and bikes I wanted.

AWW, what a caring and respectful thing to say.

48 mill? I am DDing a different 288GTO for every day of the week. Buying a house with 10,000 square feet with a garage with 20,000 square feet.

You would never see me again.

I'd buy Han's warehouse in Tokyo Drift. Garage with multiple lifts, with a balcony loft up top. I would leave only for racing events.

I would listen to loud music, wrench, drink beer, eat stuff off a grill, and race for the rest of my life.

I wonder how many people take advantage of a stoke of luck like that versus just blowing the whole wad on E36 M3 they don't need.

My first set of goals upon instant financial independence are something like...

• Make sure wife and kid's future are safe.
• See the world by motorcycle with nothing more than a BMW Dakar bike can carry.
• Try to win a Grand Am Championship
• wing it from there

If I hit $48M, I'd just put the $5 I'd have after paying the tax on the winnings in the gas tank.

The Canadian federal government tried to introduce the idea of taxing lottery prizes a few years back. They thought it would resonate with the well-known Cdn spirit of fairness and reasonableness. It, um, didn't. The Voice of the People was, for once, virtually unanimous. Having government-run lotteries is, in itself, somewhat un-Canadian, but that train has left the station and won't be back. Therefore, Mr. Government, keep yer miserable hands off the prize money.

Rarely has a government initiative vanished so promptly and so completely.

Jeff took the lump sum option, that's $24 mil cash. He split it with his wife, each got $12 mil, I assume for tax purposes.

I could blow that in three phone calls.

Dan

I'd end up with a LARGE (1000+ acres) chunk of land somewhere a bit out of the way, maybe a half-day drive from a large city (say at least 750,000 metro area). I'd build a large house with enough Eco stuff in it, that it could be completely off-grid except for Internet.

Probably set up some college funds for the nephews.

Then figure out how to make that money into more money so future relatives would set as well.

And of course, lots of interesting cars and stuff.

If I hit the powerball, I would certainly start learning how to fix cars. Although having a rare Ferrari to hoon about would be great: I can't let a lump of automotive history simply sit there, it has to earn it's keep.

I could live off of $8,200,000 for just about the rest of my life. I'd build a nice house, buy some cars, buy some gadgets, and put the rest away. I'd probably go through a couple million in the first few years, but pretty much live pretty cheap with the rest.

The nice thing with having a lot of money sitting in the bank is that it gives you a lot of investment opportunities. Instead of working for a living, you'd make your money work for you. To me, that's the advantage of having money.

Datsun1500 wrote:

Maroon92 wrote: 48 mill? I am DDing a different 288GTO for every day of the week. Buying a house with 10,000 square feet with a garage with 20,000 square feet.

and you would run out of money fairly quickly. The each got 8.2MM after taxes. You can go through 8MM pretty easily if you are not careful.

Take 1 mill and spend it right away.. Invest $7M, make 10%. Reinvest $200K and then live off of $500K per year for life... multiply X2 cause they are married if they want to stay that way.

Datsun1500 wrote: Can you live on it? You're a moron if you can't. Will it last spending it as stated, nope.

wasn't arguing with you..

But.. If I get that rich.. I'm buying one of each of these.. 24k solid...

Ignorant wrote:

Datsun1500 wrote: But.. If I get that rich.. I'm buying one of each of these.. 24k solid...

... and hiring a fleet of naked 16 year old Puerto Rican girls to clean it.

I'd either

a) have a car collection, a modernist masterpiece for a home, a backyard skatepark, do a lot of track days and play a lot of golf

and/or

b) be a James Bond villain.

I'd have a house on the beach somewhere on the bay of Green Bay (sentimental reasons), a pole barn big enough for 10 cars and 3 boats, a home somewhere in Illinois or Indiana, and a home in some southern state. The southern home would have at least a 6 car garage, the Illinois/Indiana at least a 4 car garage. Otherwise all normal sized. Then I'd go to work filling the garages. I think I'd probably be able to do all that for ~3-4million, then invest the rest.

EDIT: Oh, and I think that I would also go to work for a few years, just to make sure that I have some sense of reality. Maybe not a full time job, but something like a caddy. Get some exercise, make the doctor happy.

This is our local short track. The parking lot, and a piece of property bordering it, are large enough for a very nice road course, autocross lot and race shop. I think I'd even have enough cash left over to buy a fleet of new Mustangs (or something like that) for the race series I'd promote for me and my friends.

Ain't nobody would be more fun than me with too much dough.

48M would be aweful nice! Of the money that i'd be keeping for myself (seriously, who really needs that much cash?)
-the future SWMBO and I would be out of student loan debt, (and so would our possible future children, and their children) -she would have the 350Z she always wanted, and I'd have a new, large garage. Oh and I imagine some sort of house... not a big one, though.
-possibly a large backyard with a rally course? go cart track? large slab of concrete for autox? I haven't decided.
-My old van would get a ground up restoration. maybe even a couple turbos for kicks. Maybe a disco ball? I need ideas for that thing.
-wing it from there

914Driver wrote: My wife already told me that if we hit 48 million, there's travel in my future.

Woody wrote: If my wife and I hit 48 million, there's travel in her future.

racinginc215 wrote: If my wife and i hit 48 million, I wouldn't tell her until the divorce was final. and I'd buy a series of meaningful 1 night stands with 20 year old women and all the cars and bikes I wanted.

Joe came home from work and announced, "Honey, I won the lottery! Pack your bags."

"OOOH" she squeals, "Should I pack for the beach or the mountains?"

"I don't care," Joe replied, "Just pack your E36 M3 and GTFO"

DoctorBlade wrote: I can't let a lump of automotive history simply sit there, it has to earn it's keep.

QFT

if I won $48mil, or hell even $24mil, I would buy Jack Carter's house in Eureka (if you don't get the reference, watch the show) and build a very quite sizable large garage/fab/paint shop on top of it, and a nice little race track beside that garage. and then have a few interesting little Japanese, British, Italian, French, and perhaps German cars imported to occupy some of the garage, and build a few race cars. oh, and it would have parking for a race car hauler, and the back straight of the race track would overlap the driveway, as to not have to practice sliding a car hauler trailer around to prevent off-roading it and destroying the track and the trailer at the same time. the back yard would be predominantly a medium sized rallyX course, backing up to a nice forest on a hill, complete with lots of mountain biking trails

Small house with a large garage on a couple of acres in Daytona near the track, another in Australia near Philip Island, finish off the one I have now in Ohio.

Finish the restoration of my fleet, add a Porsche 930, 69 Mach 1, and a couple others.

Do a serious effort at the Grand Am Continental Cup.

Buy the wife her dream truck. Buy the wife more jewelry.

Travel the F1 circuit for a season.

Drive on every track I can manage.

Put the kid through college, make sure our parents are secure

Invest the rest.