What would you do with $206,000,000???

Well, someone here in New Mexico is going to be forced to answer that oh-so-tough question.
Seems that someone (no it wasn't me, unfortunately...) hit the Powerball last night.

Must be nice..

If it had been me, I'd could think of a ton of things I would want to do, but nothing I would do off the top of my head, other than hire a really good lawyer and a really good accountant...

Maybe next time!

Views: 1

Comment by Dr Dan on September 28, 2008 at 9:05pm
My apt is a mess
I bought an extra ticket and instead of putting in my wallet I crammed it in my pocket, and when I got home I tossed on the couch ( I thought) when I woke up this morning and hearn someone in NM won, I checked my ticket and the numbers and figured it was not my turn, then I remember the extra ticket and I could not find it, I spent two hours tearing up my place looking for it, whre was it, under the VCR and I didn't even get one number, Sigh
Comment by Robert S. on September 29, 2008 at 2:48am
I imagine I would give a lot of it away to charity (to help offset the taxes from each yearly payment).

How I would keep it in a bank, I don't know (since it would take about a gazillion separate bank accounts to keep each account under FDIC insurance limits. ;) Maybe instead of putting it in decent yield savings accounts, I'd have to put it in CDs or other securities that are fine to be transferred from a belly up investment firm/bank to another entity.

I do know I would spend a while getting my stuff in order - change phone number, get a change of legal name form ready for the minute after I claim the prize, consult lawyer and tax accountant, disown the relatives I don't like as much -- grin -- figure out what charities deserve some money. I would not go claiming it for a couple of months to hope people forget there is a powerball winner waiting to claim their stake. Of course the cover would be blown when the NM Lottery forces you to do a press conference and then everyone in creation calls you wanting a handout and that's when you change your name and contact info to make it harder to find you.
Comment by Ron Da Bomb on September 29, 2008 at 8:27am
I'd get a dog.
Comment by IrishRider on September 29, 2008 at 12:08pm
I'd pay off everything I owe on, quit my job, or go part time, and open up my own business. I still need to work. I like working and I have a good job right now but I want my own thing more. I'd take the hubby on some great vacations, give some money to some family members, and put the rest in the bank and live off of the interest.
Comment by Masshole in Fringecrest on September 29, 2008 at 12:54pm
This is the greatest mindfuck in the history of humankind...

1. Quit Job (even tho I love it, it would seem a bit impractical, what with it eating up 8 of my hours every week day)
2. Buy house in: (choose one or more of the following) NYC, Paris, San Diego, Vancouver, Kauai, Taos...
3. Start own business (maybe open a malt shoppe)
4. Start $10M trust funds for two daughters
5. Take care of Mom
6. Buy a bunch of land and have architect friends design and build a sizable nature compound (probably in the Pagosa Springs / Chromo, Colorado area)
7. Travel at will
8. Buy my wife an orange early 70's 454 SS El Camino
9. Go to Barrett Jackson Auction (the opening video is PRICELESS) a few times and get a little something nice for myself. Or something else nice.
Comment by IrishRider on September 29, 2008 at 1:42pm
My old employer used to have a nice collection of vintage Jags....nice choice Masshole.
Comment by Masshole in Fringecrest on September 29, 2008 at 2:22pm
Did you work for Chick?
Comment by IrishRider on September 30, 2008 at 8:17am
Masshole, I did work for Chick. He had some of the best cars.
Comment by Masshole in Fringecrest on September 30, 2008 at 10:49am
Too true. I went to his (step)daughter's wedding in Santa Fe a few years back and he drove up in a sweet 50's (I think) Jag...
Comment by IrishRider on September 30, 2008 at 11:18am
Not surprising. There was always something new showing up at the dealership. Neat family.

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