recent thread about winning Lotto and Basses ... my experience ..!

[hrodbert696]

Yeah, I have mixed feelings about it. If they never showed the lottery winners, it doesn’t help their advertising, it makes it real and exciting to know someone like you won. And you’ve essentially entered into a contract that says if you win, you agree to be used in their advertising. So this is a strong precedent.

But I see the other side, everyone is now your friend, And charities and investors crawl out of the woodwork.
I’d take the money though, no matter the rules. It’d be hard to track me down on an unnamed island in the South Pacific anyway.

In her case, apparently she's actively involved in the town, so the whole thing was that she didn't want to have to go isolate herself somewhere to fend off people grubbing for handouts.

My wife is the library director here. Of course everyone involved in the library is drooling over the fantasy that the anonymous winner's going to throw $10 million or so at the trustees to put up a new building. She's much more level-headed about it, though.

 

[DavC]

we had our band play at a Ohio Lottery party thing ... our guitar player's brother had won the lotto a few years before me ... since it raises money for public schools , it's a rather Public kinda thing ... !!??

i wasn't that paranoid about stuff ... just had my 140 lb Rottweiler sit half way down our very long driveway , to help deter unwanted visitors ... worked very well .. ! heck , i even went to be interviewed at a local radio station the next day ... ! hung over from the previous nights Pink Floyd show ...

i tried to go to a different out of town lotto office , but my soon to be X found me anyways ... );

the lotto folks said i was the calmest winner they had ever seen ... i guess being a little used to being in the spotlight probably helped quite a bit ...

 

[DerekW]

My wife and I have had a plan in place for years, should such good fortunes ever come our way…

1. Take the annuity payment, not the fast cash. (Too many people go into bankruptcy within a handful of years.)
2. Create an L.L.C. to be the recipient of the payments, rather than disclose our identities. (Pretty easy and economical to do here in Delaware. Plus, there are no state income taxes on lottery winnings and very mild corporate taxes to boot.)
3. First Year: Debt elimination, set up accounts to automatically pay for any month-to-month expenses (taxes, utilities, insurance, etc…) and then a long, much-needed vacation.
4. Second Year: Real estate!

After that, it's time to get truly creative, as long as we can afford it and/or it won't kill us.

Always take the lump sum.

 

[96tbird]

It may have been said here before but in Canada, 16,000,000 means 16,000,000 take home. No tax on winnings here. No annuities (unless specified). Just cayush.

Yeah, it’s CDN $ but still no government pick pocketing.

It must sting so hard seeing that all the evaporation of lucre. To me, it’s like false advertising. In America, even lotto winners can’t have nice things.

 

[Whippet]

Always take the lump sum.

if you don't take the lump sum and you die, does your wife or next of kin get it?

Or the dreaded, the government just laughs their hiney off?

 

[DavC]

when you take the Lump sum ... you get the lump sum ( in Ohio that was 52% i think ) ... if you die , it goes to your spouse or whatever you Will states ..

in my case ... half went to the X wife ( felt like something kinda died ..!! ha )

i'm not sure if you decided to take your winnings in payments from the state ..? it's been a while ... i'll try to win again and check it out ..!!

 

[bassbenj]

Dad always had a good eye for things ... like ; my 1st guitar - 1957 Gibson ES225T , or 1st Bass - 1969 Hagstrom ... and models who like to pose for the camera .. !

And I have to say he takes the mid-life "little red sports car" crisis to a whole new level!

(I did the sports car thing with an XKE Jaguar when I was young...a real learning experience as to why you should drive a PRACTICAL car! ...No babes though)

 

[DavC]

my current car /SUV , is referred to as the Dog's car .. !! no more 2 seaters ...

 

[DavC]

we've had enough of overly hot mid Florida & the idiot older folks in our once quaint golf community ... so , time to pack up the studio and head back to NE Ohio ... brrrr ... didn't know i'd bought so much stuff over the last 14 yrs !!

 

[Malak the Mad]

... didn't know i'd bought so much stuff over the last 14 yrs !!

Y'hear that?! Garage Sale at Dave's place, y'all!!

 

[DavC]

yeh ... but trouble awaits ... my studio space grows from the den ( 200ish sq ft ) to the mancave =whole basement ( about 2,000 sq ft ) ... might need more cables ..!!

 

[Novarocker]

Sounds awesome @DavC! Been hearing the same from my folks. I've noticed that I tend to pick up more gear if I have the room. However, most of the time it's cheap finds and unique gear. Fun to have more flavors.

Now you can get that full Neil Peart kit you've been eyeing!

 

[DavC]

i usually end up with more speakers than drums/pads ...!! maybe a pool table would be a good percussion thingy ..??

 

[DavC]

finally back up in Ohio ... music stuff still packed up and downstairs ... lots of other things to work on before the music room gets started on ... !! bummer

 

[bassfacer22]

finally back up in Ohio ... music stuff still packed up and downstairs ... lots of other things to work on before the music room gets started on ... !! bummer

Welcome back! Ofcourse I am flying out to Europe in a couple of weeks.. So you arrive, I leave. Such is the timing of life ha.

Keep this updated when you setup the Music Gear, and what you are up to in Ohio!

 

[bassbenj]

finally back up in Ohio ... music stuff still packed up and downstairs ... lots of other things to work on before the music room gets started on ... !! bummer

Hey Welcome back to Ohio! Ohio can fool you. It's really a lot cooler than a lot of people think.

I just moved to a new place (still in Ohio) and I know the feeling of a long list of things to get done (including music room) and big packing-unpacking hassle. This is a problem of too much stuff! Where did I ever get the idea that 5 drumsets weren't too many! We won't even talk about guitars and basses! Cripes! The computer I'm typing on is still sitting on the kitchen counter. Progress is slow!

 

[DavC]

sorry for the lag in posts ... been kinda busy with never ending 'honey-do' list around newer house ... and yes , i still like to do most stuff myself versus paying others ...

i do have my stuff kinda sorta hooked up ... and actually had a half a dozen gigs the last few months ..!

it's that time of year again ... when i post my instrumental Xmas CD ... enjoy , relax ..!

the whole CD is in a Zip file ... mp3s ...

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[bassfacer22]

it's that time of year again ... when i post my instrumental Xmas CD ... enjoy , relax ..!
the whole CD is in a Zip file ... mp3s ...

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Already downloading! Can't wait to hear it.

Yeah we need some more good stories of lottery shenanigans!

Have you lost a ton in the market since it's crashing? (if you have anything in stocks..)

 

[micguy]

I’m a Physicist (and therefore a mathematician as well). Every person has 2 parents, 4 grandparents, etc. Go back 30 generations, and the number of ancestors you have is equal to the world population.

Roll this forward again, and what you find is you’re 27th cousins (or closer) of EVERYONE. The only way you’re more distant than that is...inbreeding (which is also inevitable).

So, given that literally everyone has a claim to be your relative, what percentage of the world contacted you after you won the lottery?

 

[eastcoasteddie]

Hhhhmmmm...
Although I have seen and read this thread a while ago, I never thought to put myself in this same situation...winnng Lottery.
$4M from 1994 is about $8M today.
I don’t plan on getting a divorce, so make that $16M...so if I had won $16M in the pocket, I’d....(enter Fishbone pun)

Buy an apartment in SoHo
Buy a home in colorado.
Buy maybe 3-4 cars...perhaps a Demon, a Trakhawk, a daily driver Grand Cherokee Summit, and a Tesla. All will be at the Colorado home...no one in their right mind would own a car in SoHo...well, maybe the Tesla...
I wouldn’t waste money on exotic super-cars, especially right off the bat. Maybe if my investments (see below) allow for it later on down the line.

Bass-wise, buy a Fodera Emperor 5, a Sadowsky Jazz V, a Pedulla Pentabuzz....and a Custom-Shop Thumb 5 NT Broadneck.
Amp-wise, I always liked Hartke stuff, I’d buy a few different setups/rigs.

I’d buy a pretty sweet bicycle or two; S-Works, Eddy Merckx, Pinarello, Colnago...

I’d upgrade my amateur photo equipment from a DX setup to FX and buy a few crazy lenses and photograph wild fauna in my spare time while traveling to far off, remote places like Greenland, Mongolia, Tibet, Bhutan, etc.

I’d invest in specific companies in the industries I have worked in, stuff that I know and understand. Hopefully those investments would let my money grow.

Perhaps as a side-business, import specific items like furniture and household goods that will be lucrative to sell to my “neighbors” in SoHo.

...and donate to some charities.

Oh, forgot to add....I’m estranged from 98% of my family, too, so no one will come knocking.
The two members of my family that I do talk to are pretty well off on their own. One recently became a permanent resident in Kona, Hawaii and started an organic farming/coffee roasting endeavor.
The other owns a medical clinic in Brooklyn, is married to a Medical Doctor and lives on the Upper East Side of Manhattan. They don’t need anything from me.