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The Magic Cafe Forum Index » » Not very magical, still... » » $1.3 Billion... (5 Likes) Printer Friendly Version

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NYCTwister
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...is a lot of money.

Do you play?
(I know it's not entirely rational but I do.)

What would you do if you won?

If you have kids, how would you protect them from the dangers of sudden wealth?

Fun topic.
If you need fear to enforce your beliefs, then your beliefs are worthless.
TonyB2009
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Quote:
On Jan 10, 2016, NYCTwister wrote:
If you have kids, how would you protect them from the dangers of sudden wealth?

I presume you are talking about some lottery. If I won a vast sum I would pay my debts, buy a house, give my kids seed money to start them on their chosen path, then give the rest away to charitable causes. If it is not money I earned it is not money I would feel entitled to keep.
NYCTwister
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Quote:
On Jan 10, 2016, TonyB2009 wrote:
Quote:
On Jan 10, 2016, NYCTwister wrote:
If you have kids, how would you protect them from the dangers of sudden wealth?

I presume you are talking about some lottery. If I won a vast sum I would pay my debts, buy a house, give my kids seed money to start them on their chosen path, then give the rest away to charitable causes. If it is not money I earned it is not money I would feel entitled to keep.


Powerball in the US hit a record 1.3 billion.

I would do much the same as you, except I would impose extremely strict conditions on how my son could access the money.
It would be a powerful test of his moral fiber.

I asked myself the same moral question, as I don't believe in the unearned, but I think that it would be mine by right since I earned the money to play, and it's legal.
If you need fear to enforce your beliefs, then your beliefs are worthless.
tommy
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Well the first thing I would do is kill all my relatives.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
James FX
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Ahh, the relatives. No doubt they would ALL come out expecting to get their 'fair' share, even the ones you didn't know you have. I believe I read somewhere that the only way to legally get around kin folk filing claims to your newfound riches is to proactively give them some of it as a gift and have it documented. Presumably this way they are less likely to feel entitled to it?
EsnRedshirt
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Be aware that the lottery is a tool of the elite to give a slim measure of hope to the impoverished, so they waste money on false dreams of wealth rather than building guillotines.
Self-proclaimed Jack-of-all-trades and google expert*.

* = Take any advice from this person with a grain of salt.
tommy
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The numbers racket, they used to call it.

Not to mention some other rather nasty sounding things.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
NYCTwister
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Quote:
On Jan 10, 2016, EsnRedshirt wrote:
Be aware that the lottery is a tool of the elite to give a slim measure of hope to the impoverished, so they waste money on false dreams of wealth rather than building guillotines.


I understand that it's a fool's bet, most of the time. I think most of us spend money on things that have no long term benefit. I just consider this one of those things.
Besides I make my own coffee now so it comes out even against the money I used to waste on Starbucks, and the like. Smile
If you need fear to enforce your beliefs, then your beliefs are worthless.
Magnus Eisengrim
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15 or 20 years ago a young woman at work won a little over $1M in a lottery. With 48 hours she had 3 marriage proposals-- one from an ex-boyfriend and two from strangers.

Yuck.
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.--Yeats
tommy
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There is nothing quite like independence. Smile
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
Dannydoyle
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There is interesting things about lottery winters often blowing through the money because of a lack of control.
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
NYCTwister
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On Jan 10, 2016, Dannydoyle wrote:
There is interesting things about lottery winters often blowing through the money because of a lack of control.


Lol. There is one women, I believe from New Jersey, who actually won TWICE.

The first time was for three million(ish), which she lost at casinos in AC, within two years. She became homeless etc.

Then she beat the odds again for two million(ish) and did the same thing, saying she thought she was unlucky when she lost the first fortune playing SLOTS. Also, she liked the treatment the casinos gave her - it made her feel special.

I guess money just can't fix stupid.
If you need fear to enforce your beliefs, then your beliefs are worthless.
NYCTwister
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On Jan 10, 2016, James FX wrote:
Ahh, the relatives. No doubt they would ALL come out expecting to get their 'fair' share, even the ones you didn't know you have. I believe I read somewhere that the only way to legally get around kin folk filing claims to your newfound riches is to proactively give them some of it as a gift and have it documented. Presumably this way they are less likely to feel entitled to it?


What kind of "legal" claim could relatives make? A mother/father asking for compensation for your upbringing?
If you need fear to enforce your beliefs, then your beliefs are worthless.
Tom Cutts
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On Jan 10, 2016, Dannydoyle wrote:
There is interesting things about lottery winters often blowing through the money because of a lack of control.

"It was the lottery winter of our discontent."
imgic
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I don't normally play, but once in awhile I drop a few bucks. It gives me a few days of pleasant daydreams of what I'd do if I won. It's chesper than a two hour movie (and usually better).
"Imagination is more important than knowledge."
arthur stead
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I hardly ever play, but at $8 million I took a chance ... and lost. Now that it's even higher, I'll try again.

If I won I'd pay off all my debts and more back to New York City, and then think about what charities I could sponsor. My own life would stay relatively the same ... I'm not into excesses (any more) and I love working!

Don't have kids to worry about, but I'd have to make sure my cats don't develop a "diva" attitude.
Arthur Stead
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Slim King
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Quote:
On Jan 10, 2016, EsnRedshirt wrote:
Be aware that the lottery is a tool of the elite to give a slim measure of hope to the impoverished, so they waste money on false dreams of wealth rather than building guillotines.

Every year the Pentagon "Misplaces" 120 times that much. (And it's never seen again)
THE MAN THE SKEPTICS REFUSE TO TEST FOR ONE MILLION DOLLARS.. The Worlds Foremost Authority on Houdini's Life after Death.....
NYCTwister
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On Jan 10, 2016, Slim King wrote:
Every year the Pentagon "Misplaces" 120 times that much. (And it's never seen again)


https://www.youtube.com/watch?v=Re72di5phM0
If you need fear to enforce your beliefs, then your beliefs are worthless.
EsnRedshirt
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Quote:
On Jan 10, 2016, Slim King wrote:
Quote:
On Jan 10, 2016, EsnRedshirt wrote:
Be aware that the lottery is a tool of the elite to give a slim measure of hope to the impoverished, so they waste money on false dreams of wealth rather than building guillotines.

Every year the Pentagon "Misplaces" 120 times that much. (And it's never seen again)

Yep. That goes to the elite- the arms dealers and manufacturers, and the politicians who work for them.

The elite figured out you don't even need to give out bread and circuses to the masses. Just gift a random plebe with some bread and tell the rest they can get some too, if they behave and are lucky. Keeps them from starting the revolution, so it's a win for the elite.
Self-proclaimed Jack-of-all-trades and google expert*.

* = Take any advice from this person with a grain of salt.
S2000magician
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Quote:
On Jan 10, 2016, Slim King wrote:
Quote:
On Jan 10, 2016, EsnRedshirt wrote:
Be aware that the lottery is a tool of the elite to give a slim measure of hope to the impoverished, so they waste money on false dreams of wealth rather than building guillotines.

Every year the Pentagon "Misplaces" 120 times that much. (And it's never seen again)

Thank goodness you're not a troll.
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