I'd still take it I think, except for one thing....I don't play the lottery !
Sometimes worseMost winners run through the money like a Goose with the squirts!
Most winners run through the money like a Goose with the squirts!
Think H&H double rifle and Ford GT.Right?? Wasn't that long ago that $1M, even after taxes were paid, would have been enough to change your life, if you didn't blow it all.
Guess it still is now -- but you'd better be investing what's left after Uncle Sam takes his 3/4ths. And if you aren't 90 years old already, you'd better let compounding do some work for you for 10 or so years, at least.
I swear I will NEVER understand how someone can get a Mother Lode payment of ANY kind and be right back where they were financially -- and a lot of times even worse off -- within 12-18 months.
If you're a dumbass with money, adding more money to the equation won't solve the dumbass part. It's like if you have a water leak so you add a pump to boost the water pressure; it's not going to fix the leak, it's just going to make it drain faster.I swear I will NEVER understand how someone can get a Mother Lode payment of ANY kind and be right back where they were financially -- and a lot of times even worse off -- within 12-18 months.
I agree. I ever win a large sum of money the first thing I do is make sure I am set for the rest of my life. Then I might buy another good used vehicle, a few more guns that I want from my bucket list. No McMansion, no world travel or limos. Just pay off and fix up our house to be comfortable for the rest of our lives and to make things easier on us as we get older.If you're a dumbass with money, adding more money to the equation won't solve the dumbass part. It's like if you have a water leak so you add a pump to boost the water pressure; it's not going to fix the leak, it's just going to make it drain faster.
Me too but what would you invest it in to generate income? I'm currently using 5 year ladders of CD's and treasuries yielding about 5%.Guaranteed if I had $1M cash I could retire today
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