No winner in Monday's Powerball drawing has the next jackpot approaching $1 billion
No winner in Monday's Powerball drawing has the next jackpot approaching $1 billion
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28 comments
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The new jackpot for Wednesday's drawing would be the third highest in U.S. history and will keep growing until someone wins. Ticket buyers have a chance at $1 billion paid out in yearly increments or a $516.8 million one-time lump sum before taxes.
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Always take the lump sum. Pay off your debts then stick it into reliable investments and live off the income from it.
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With a 500m lump sum, you could also take a 100k to just blow on whatever you want with basically 0 impact. You definitely need to limit though l.
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I've thought about it a lot. Blowing any money is going to be dangerous because you're risking getting addicted to that ever increasing spending.
I sit here and say that but probably would blow through a lot lol.
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You need to blow some, more a a psychological reward than anything. The problem is definitely not increasing your standard of living to unsustainable levels, it's not mega yacht money, but you could have a nice boat.
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There was a short story or thought experiment or something about this man who won a silk robe. To properly enjoy it he wanted to have a fancy tea served in a fancy pot. Then he wanted a nice chair to be in. It kept growing and growing. I don't remember the details but it is definitely a good illustration of lifestyle inflation.
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Random but your Netscape avatar is awesome.
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28 comments