So this is something I've always been fascinated with. I know the general theory of a lottery is that it's a waste of money. An "idiot's tax". An impossible odds pipe dream. That said, I still like to play it. I mean, even though I have a 1 in 175,000,000-ish chance in winning, there is still a chance! It goes against EVERY financial thought process in my body, but I still enjoy playing! There is just something about the thought of winning one of these hundred million jackpots, relaxing for the rest of my life on interest, never having to work again that I just have a hard time resisting. I mean, it's a fools logic, but you can't win if you don't play!
Yes, I'm trying to rationalize and that, at the end of the day, I'm most likely throwing away money. I can't argue against that point. It's still enjoying the dream though.
And even with a "$450,000,000" powerball, if you accept lump sum and taxes, you only take home about $150,000,000. Sure, that's only a third of the estimated amount, but what would you do with $150M?! We've all seen the stories of people blowing it all, losing families, losing friends, and becoming hovels of their past self. History dictates that it only ruins lives. I'd still want the opportunity though. I'd love to see how I can manipulate tax credits and maximize the potential this money. Keep the most out of the governments hands as possible, and then live maybe not luxuriously, but comfortably. I mean, even at a 1% gain on this money a year, that's $1.5M a year to live off of. $30,000 a week. You could travel, eat just about anywhere, do just about anything. I mean, some of us live off of $30k a year!
Alright, that's enough of my dream talking. Do you play the lottery? Do you dream about winning big? What would you do with the money? Or is it all just a fools game and those who play are just that. Fools.
Yes, I'm trying to rationalize and that, at the end of the day, I'm most likely throwing away money. I can't argue against that point. It's still enjoying the dream though.
And even with a "$450,000,000" powerball, if you accept lump sum and taxes, you only take home about $150,000,000. Sure, that's only a third of the estimated amount, but what would you do with $150M?! We've all seen the stories of people blowing it all, losing families, losing friends, and becoming hovels of their past self. History dictates that it only ruins lives. I'd still want the opportunity though. I'd love to see how I can manipulate tax credits and maximize the potential this money. Keep the most out of the governments hands as possible, and then live maybe not luxuriously, but comfortably. I mean, even at a 1% gain on this money a year, that's $1.5M a year to live off of. $30,000 a week. You could travel, eat just about anywhere, do just about anything. I mean, some of us live off of $30k a year!
Alright, that's enough of my dream talking. Do you play the lottery? Do you dream about winning big? What would you do with the money? Or is it all just a fools game and those who play are just that. Fools.
