500 Million Megamillions: WF Edition

Lump sum or annuity?

  • Total voters
    57


BTP32 said:
jackpot now 640 million.

Anyone know how much your typical convenience store makes off of selling a lottery ticket?
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In the unlikely event that no one wins tonight, the jackpot will be over 975 million.

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I must be one of the few people I know who doesn't really play the Lottery. I think I've played it maybe 10 times since 1986.


Now, after having said that, even putting a BARE Hook in the water at least has a chance of catching a fish, whereas not putting a hook in the water has a ZERO chance.


Also, to pay $1 to get the imaginative juices of the mind flowing and releasing those feel good endorphines is quite a bargin actually. If you get the ticket early you have a few days of this.

Then if it wins, well...BONUS!!!
 
"21% of Americans" feel this is their most practical way of reaching financial freedom... no lie

I would go for lump sum just because I don't trust other ppl with my $$
 
I burned through all my cash trying to make this affiliate marketing thing work. I literally spent the last dollar I had left on a lottery ticket today. If I don't win, I will be out on the streets in less than a week. But, I'm confident I'll win because I prayed to God so freaking hard last night.
 
loyolabenson said:
Typical Trailer Trash, non family or legacy building answer.


Why give away free money?

with annuity you are in a better position to not ever go broke.

and basically a big chunk of what I'm working for is to pass down for my family's future , whether it be my online monies, investments or lucky lottery winnings (that I don't play anyway)

Keep in mind you can't bring your winnings to the grave.


I get it, you want everything NOW.


Annuity is only 20-25 years, even if you don't want to build a strong family, why would you give away HALF your earnings unless you were an Old, Lonely 60 year old?
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You made the mistake of assuming that I would take lump sum so I can go buy 10 lambos and a mansion.

The reason I would take the lump sum is so I can make interest off of my money by investing it. I'm sorry but you can't figure out how to make more money off of nearly half of a billion, you sir are an idiot... and in that case should take the annuity.
 
Russ86 said:
You made the mistake of assuming that I would take lump sum so I can go buy 10 lambos and a mansion.

The reason I would take the lump sum is so I can make interest off of my money by investing it. I'm sorry but you can't figure out how to make more money off of nearly half of a billion, you sir are an idiot... and in that case should take the annuity.
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yeah, I am wrong with that assumption. Also I was wrong assuming that it was a 50% paycut taking a lump song.

but I've made a higher ROI with less, so I'm not an idiot there haha
 
no lie, I bought a ticket, why not. The higher the risk, the better the reward.

odds are I won't win, but if I did I'd do lump sum and invest enough so my kids could live off interest. The rest I would give to various charities.
 
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