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The stupid s**t some people TRY to make you buy with Lottery winnings

msbae

Commodore
http://abcnews.go.com/Business/mega-millions-lottery-jackpot-results-dreams-super-rich/story?id=8430220

That article doesn't take into consideration all the precautions you'll have to take if you actually won.

However, I have...

Contingency plan in case of actually winning the Lottery
By msbae​

NOTE: This is assuming that you won big, like hitting the Powerball jackpot when it’s over $100,000,000. This plan also goes into effect once you’ve claimed the prize. In fact, I recommend doing as many of these things as you can, regardless of whether you ever win the lottery or not.

1.) Tell the world you are not a bank and will not be making any loans under any circumstances.

This one is more important than all other considerations and must be adhered to at all costs. In fact, if there’s a press conference when you collect your winnings, you should state this to the media now.

Be really nasty about it, too.

For example, say that you don’t care if one of your relatives (whether you’ve met him before or not) is dying from Cancer and needs money for medical treatment. You don’t have to be as cruel as Mr. Burns from The Simpsons (unless you want to) but, you do have to make your intentions clear. Your money is yours and it will be spent on what you want.

2.) Hire a good Lawyer, Estate Planner & CPA.

3.) Hire a second good Lawyer, Estate Planner & CPA to keep an eye on the first group.

Don’t let the first group know that the second group exists.

4.) Hire a third good Lawyer, Estate Planner & CPA to keep an eye on the first & second groups.

Don’t let the first & second group know that the third group exists.

5.) Invest the money into something that’s (usually) safe; like gold, treasury bonds, et al.

Let it sit there and collect interest until you really need the money for something critical. Examples of this include big ticket items like medical bills (preferably your own, not someone else’s bills. Remember, you don’t care if Cousin Johnny is dying from Cancer. He should have made sure his insurance would cover such a calamity…)

6.) About that Last Will & Testament…

Have the Estate Planner include certain provisos in your Will that make it difficult for anyone to get money; especially if foul play and/or unnatural causes are suspected in your death.

If you’re married and/or have children, tell them they will be taken care of, and nothing else. Never give them any details. Tell everyone else they have nothing coming to them in your Will. This should make them less motivated to speed up your meeting with the Grim Reaper.

It’s sad but, there is a chance that a friend or relative will try to kill you, hoping to get a piece of your estate. It’s happened to Lottery Winners before. Be careful.

7.) Move to a new house.

Don’t tell anyone what the new address and phone number is unless they absolutely need to know. Be sure to keep the costs of this new house in mind when looking at the real estate market. No Beverly Hills mansions.

The best homes to get will either be a…

A.) A home on several acres of land in a remote rural area.

B.) A really odd place no one would expect, like a Cold War-era nuclear missile silo converted into a luxurious (and bomb-proof) home.

Link: http://www.missilebases.com/properties

C.) A 1-family home in Suburbia somewhere is also good… if you want to risk hiding in plain sight. However, this must be in an entirely new city, not just on the other side of town.

Be sure to not get to know your neighbors… or at least don’t let them get to know you. Remember no one needs to know that you are rich!!!

8.) Get a myriad of security systems for your home, cars, computers and yourself.

Invest heavily in reliable small arms and bodyguards. If affordable, you might want to get a body double as well. When filthy stinking rich, one can never be too paranoid.

9.) Do not file a change of address form at the Post Office, except if the new address happens to be to your new Post Office Box.

Don’t file any change of address forms at the Post Office. That information is up for sale to whoever wants it for whatever reason. If you need a way for the world to contact you, get a P.O. Box and have them send everything there. Let the world know that this P.O. Box is the only way anyone can contact you, especially if it’s someone who wants to start a business venture.

10.) Get a new car so no one can track you by looking for the old car.

Make sure the new car is something fairly ordinary so it doesn’t stick out in a crowd. No Sports Cars or fancy Luxury Sedans.

11.) Keep the old car, just in case.

The media, paparazzi, and stalkers may find out what the new car is/looks like and/or record the license plate numbers. So, assuming they don’t know what the old car looks like, keeping that beater to avoid attention just might be a viable way to hide in plain sight. You will need to get a new plate for that old beater as well. In my case, that means keeping around a factory stock Chevy truck. Those don’t stand out in a crowd.

12.) Disappear from public view for a minimum of six months.

Use the time to decide what you are going to do with all the money you now have. What have you always wanted to do? Start a business? Travel the world? This may be your opportunity to do some of those things, if you’re very careful.

13.) No splurging on flashy and expensive things after the first check from the lottery corporation.

Also, no more than 10% of that first check should be splurged. Besides, you don’t need a lot of fancy jewelry or classic cars right away. Collect those things (if you want them) later when you’re settled into your new life.

14.) Suspect everyone of trying to get money out of you.

This goes double for the lawyers, family members and friends. Sometimes, your worst enemies are going to be the people that you used to trust.

15.) If you plan to get married, make sure the prospective spouse signs a prenuptial agreement that heavily favors you.

You don’t want to get rich only to get married to a Gold-digger. All she’ll do is divorce you some time later and walk away with half (or more) of your loot!

Date the girl for a long time; say 2 or 3 years before proposing marriage to her.This way, you should be able to determine if she’s a gold-digger or not. Also, don’t tell her you’re rich. Have something to tell her when she asks about your occupation. For example, you could just tell her you’re a private investor.

Finally, mail-order brides are out of the question. If the girl is willing to use marriage to circumvent the immigration laws, there’s no telling what else she might be willing to do. She might just be desperate to escape the poverty of her home country. She might also just be a gold-diggin’ whore. Either way, you shouldn’t need to put yourself through that kind of non-sense.

16.) Cash is your new best friend…

Pay for things with cash where possible. There’s no need for anyone to be able to track your spending habits, except the small army of lawyers and accountants you should have hired by now.

And be careful with what you tell people and what you spend your money on, folks. Be sure to avoid media attention too. Fortune is great, when properly managed. Fame though, can leave much to be desired.
 
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Re: The stupid shit some people TRY to make you buy with Lottery winni

I'm trying, but I really have no response to this. Why even play the lottery if you're so convinced it will destroy your life on the off-chance you win?
 
Re: The stupid shit some people TRY to make you buy with Lottery winni

I'm trying, but I really have no response to this. Why even play the lottery if you're so convinced it will destroy your life on the off-chance you win?

I don't feel that way. However, it can get out of hand and you do need to take a few precautions. That's the point I'm making here.
 
Re: The stupid shit some people TRY to make you buy with Lottery winni

I got a better one on the girlfriend/wife: pretend you have a job. LEave home at 10:00, go fuck around doing what you want to do, even fly to another place, and be back home by the same time each day. Never even tell her you won.


NO landline. You can get a cellphone at a store and never have to prove who you are to get pre-paid minutes.


Alternatively, you can have a newspaper interview/TV interview a few months after winning, claim you gave 80% you net winnings to an un-named charity, and that you live off the remaining while holding a part-time job, and find a job where you work 10 hours a week. Maybe stocking greeting cards.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

Ideally, you should keep your mouth shut and hire an attorney to form a blind trust to collect the prize. It's also wise to wait a while before you change your life. There's is plenty of time to collect the prize and it's best if you settle down and let the reality of newfound wealth sink in.

If I came into a lot of money the first thing I might do is disappear. I don't know a great many people but the average lotto winner wouldn't have a minute's peace.
 
Re: The stupid shit some people TRY to make you buy with Lottery winni

I think the ideal amount to win would be something like.....maybe 5 million. Still far more money than I'd know what to do with, but not to the point where I'd feel the need to start lying to people. Increasing one's wealth by a too hight a factor all at once probably isn't wise.....

Oh, and I'd buy myself a nice light airplane or two. Say, one of these or something in the Very Light Jet class.

Frankly I'll probably do that part anyway, but there's a bit of a price difference between a $20000 Cessna 172 from the 1960s, and a modern $500000 Cessna 400......
 
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Re: The stupid s**t some people TRY to make you buy with Lottery winni

I just read a couple days ago in a National Geographic that there is over 27 million millionaires in the world, with the largest amount of any country being here in the U.S.A.; I forget the exact amount in the U.S., but ... I have yet to meet a single millionaire.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

In the UK you can keep your identity a secret when you win.
This is what i would do.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

I just read a couple days ago in a National Geographic that there is over 27 million millionaires in the world, with the largest amount of any country being here in the U.S.A.; I forget the exact amount in the U.S., but ... I have yet to meet a single millionaire.

I have a grandfather who is a millionaire (barely) thanks to a lifetime of saving, scrimping, and investing. I mean, if you count what he owns--a nice chunk of land, investments, and pension--it's all worth a bit over a million bucks.

He lives pretty well but by no means is living the high life people usually associate with "millionaire." A million bucks ain't as much as it used to be. :-p

I had a great-uncle who was a multi-millionaire. Made his fortune in seafood. Seriously. He had a chain of restaurants in South Carolina. He got old and senile and his kids fought over his money right in front of him, before he'd even died. They pretty much destroyed everything he'd built once he passed on. And I think they're all broke again. :lol:

As for me, if I won the lottery, I'd certainly put up enough to take care of my family, college for the kids, etc. and probably give away a lot of it. Lindley $5 million figure sounds about right. You could live on the interest alone for the rest of your life. Might buy a few nice things for myself and the family, but I couldn't imagine going crazy and moving to Hollywood or something. Hell, I'd tell my job "either let me work from Indiana or I'm outta here" and "by the way, I'm only working 20 hours a week now." :lol: And if they didn't like it, oh well!
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

I got a better one on the girlfriend/wife: pretend you have a job. LEave home at 10:00, go fuck around doing what you want to do, even fly to another place, and be back home by the same time each day. Never even tell her you won.


NO landline. You can get a cellphone at a store and never have to prove who you are to get pre-paid minutes.


Alternatively, you can have a newspaper interview/TV interview a few months after winning, claim you gave 80% you net winnings to an un-named charity, and that you live off the remaining while holding a part-time job, and find a job where you work 10 hours a week. Maybe stocking greeting cards.

You would eventually have to tell the wife/girlfriend/S.O. that you're a millionaire. However, she has to be the kind of girl who doesn't want to go out shopping everyday.

I haven't had a land line phone in a while. I don't see myself having one in my house again for quite some time, if ever.

Having a small part-time job (or the illusion thereof) is a very good idea. It gives you something to do and helps you keep your rhythm in life.

I think I'd set up a small office somewhere where I'd build a trust that owns several local businesses, all relating to one of my hobbies. That means a video arcade/games retailer, a radio station that isn't a corporate-owned piece of shit, a classic car dealership/hot-rod builder, et al. The lawyers and managers would run the day to day affairs of the individual businesses. I'd make the executive decisions from my office when I go in 2 or 3 days a week. It would be just like Tony Soprano with that office in the back of Silvio Dante's strip club. However, I'm not running things out of an restaurant. That has way too many negative connotations. :shifty:

Ideally, you should keep your mouth shut and hire an attorney to form a blind trust to collect the prize. It's also wise to wait a while before you change your life. There's is plenty of time to collect the prize and it's best if you settle down and let the reality of newfound wealth sink in.

If I came into a lot of money the first thing I might do is disappear. I don't know a great many people but the average lotto winner wouldn't have a minute's peace.

Then, my advice should be very helpful to you. :techman:
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

My mother used to buy scratch cards for me and my brother to play, just for fun. Most I ever won was $100.

I did read somewhere that the more expensive scratch cards (the $5 and $10 ones) are your best bet for getting a nontrivial return on your investment, odds-wise, out of all the various lottery variants.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

I was watching a special on A & E a few months ago about lottery winners and how their life went down hill afterwards. It was because all of them were STUPID!

I would like to win a lottery, but I aint going to buy all that crap they did. I like corvettes, but early 2000 models. I would buy one of them and still keep the car I have now. I would drive the corvette for fun, but drive my car for trips to the store or other such outings.

I dont need a boat or a fancy million dollar house. I would move into an all brick house with a small yard and no trees (because I hate cutting grass and raking leaves)

I would then put money aside to help people get back on their feet. Sorry animal lovers, no money will go to save whales or seals or dogs. My money will go for humans.

I am pretty happy with my life and see no need to change if I won a lottery. I dont like to fly so I aint going to travel the world. I think drivers in this country are morons so I wont be driving across it on a sight seeing trip. I'll probably load my freezer up with steaks, buy a grill, all the video games I want and stay at home and be happy.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

My maternal grandfather's sister married Henry Boney of Henry's Marketplace fame (a southwestern grocery chain). Henry Boney even ran for mayor of San Diego at the request of Ronald Reagan in the '60s (he lost, though). The chain used to be known as Boney's, but was changed to Henry's Marketplace because of squabbling between his sons over the franchise and money. Henry is dead now.

http://ww.uniontrib.com/uniontrib/20051217/news_1m17boney.html

A few years ago, Henry's Marketplace was bought by Whole Foods, though it still appears under the Henry's name. The Boneys made a truckload of money off the deal, too. Many, many, many millions.

Not that it ever trickles into Aunt Jesse's side of the family (the Grames). It's Boney money, only. The Grames are a lot of Depression era farmers. My grandfather has a horse ranch, my mom's sister is a drunk, smoking factory worker in Ohio (and the saddest thing is she was married to a manager at one of the Boney's stores who was the nicest guy in the world and she lost him due to her alcoholism), my mom's brother used to be homeless, but came home and now works his father's horse ranch and lives in a trailer, her step-sister was successful and has a nice family--super religious, one of my mom's step-brothers committed suicide and the other is a construction worker who lives in a trailer and has had a lot of drinking problems. My mom and her step-sister are the only ones who did all that well (my mom was a PSA flight attendant who married to a PSA/USAir/US Airways airline captain--now retired--and housewife).

But yeah, I have a lot of multi-millionaire cousins. I occasionally go to the big Boney parties and when all the brothers from Kansas come out, Jesse usually has a family get-together where my grandfather plays cards with his brothers.

My 2nd cousin, Missy, basically uses her money to buy and sell on Ebay and have a lot of horses. She has a gorgeous house (Stan and Peggy Boney's daughter). I went to my 3rd cousin's sobriety beach party once.

One of Aunt Jesse's sons (her favorite, in fact) ended up getting pushed on a cruise ship, ended up in a coma with brain damage and is now largely a vegetable. His accident made the paper: http://www.cruisebruise.com/Scott_Boney.html

When Henry Boney was still alive (and he spent his last years in a wheelchair), there was an extended family get-together where there was food poisoning with the catered food (the chicken). Half the get-together was elderly and many were in wheelchairs. Almost everybody who went got sick that evening. It was really bad. It's among the reasons I stopped eating chicken.

It's kind of odd when you have two extremes of wealth in one family. From Kansas/Missouri farmer types who act like the Depression never ended to kids and grandkids who have inherited a fortune and never have to work if they don't want to. My family is smack dab in the middle, though significantly less uncomfortable at get-togethers (we're upper-middle class and fit in very well with a lot of wealthy friends--you can't take the PSA flight attendant/PSA model out of my mom) than some of the black sheep members of the family.

A lot of my parents' friends are a lot richer than we are. In fact, there's a lady my mom does canning with whose ex-husband left her wads of cash (I think it had something to do with the garage door opener). She basically uses it to cook tons of food for everybody and travel around to see her zillion kids and grandkids (she had like 15 kids, though not all of them lived). She definitely has multi-millionaire status.

Actually, my family has more trouble with people who are jealous of us, even though what it looks like we have is probably more than we have. The yacht, motorhome and world travel made it really hard for me in school because of the jealousy. It didn't help that I was really smart, my parents were involved in my education and were constantly volunteering for everything, etc... It was a nightmare.

But yeah, I've seen and heard a lot about the squabbling over Henry's money between my millionaire cousins. They literally do pick out who doesn't get money because they are the black sheep of the family (for example, the cousin who had kids out of wedlock). And of course, the aforementioned name change because of Henry and Jesse's kids all fighting over the Boney's chain.
 
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Re: The stupid s**t some people TRY to make you buy with Lottery winni

Tick the no publicity box, and keep your mouth shut.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

Why would I want to alienate all my friends and family, and go huddle in a missile silo caressing my money? I WANT to be able to help my friends and family. Money is not an end to itself. I would set up a philanthropic trust to help people. No one needs that much money for themselves. :vulcan:
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

Anyone remember that guy who won like 250 million? He was already a millionaire from construction if I remember correctly. Well this guy dumped all sorts of stuff on his granddaughter and she ended up overdosing on drugs. The last I heard about him was he got robbed of like $300,000 while he was in a strip club. I think somebody broke into his truck and stole it.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

I remember that story. Apparently the man was unfamiliar with American Express cards
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

I just read a couple days ago in a National Geographic that there is over 27 million millionaires in the world, with the largest amount of any country being here in the U.S.A.; I forget the exact amount in the U.S., but ... I have yet to meet a single millionaire.

In California, it's easy to be a millionaire. Well I guess it used to be, before the real estate market crashed. :rommie: But before that, I had millionaires in my family just based on real estate values. Maybe still do, it's not like I rifle through their bank accounts during Thanksgiving.

You've probably met millionaires and not known it, especially if you live someplace with a high cost of living, and/or know people who are close to retirement age. You need a big-ass retirement fund to keep up the standard of living you're used to; if you aren't close to being a millionaire, you're probably screwed at that point. I hope you like Alpo.

Casual acquaintances. co-workers and even friends aren't going to start showing you their bank statements, are they? The millionaires I know dress and act just like normal people, incredibly enough! They even worry about money. Being a millionaire is really nothing anymore.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

well, if its over 20 million, put about 10 million in a bank account, then invest the rest in a company like SpaceX. If it were in the 100's of millions, sock about 50 million to live comfortably, then form my own company like SpaceX, hopefully with a complementary product.

Also, having money by myself would not be fun. I would spread my money around to VERY close friends and immediate family. Probably things like wiping out debt my friends have and making sure my parents are comfortable.
 
Re: The stupid s**t some people TRY to make you buy with Lottery winni

Yes, having a small amount of intelligence about money would help the lottery winners a great deal.

The first thing I'd do if I ever won a large amount of cash would be to disconnect the phone and turn off my cell.
 
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