Forum Discussion
Ivylog
Mar 19, 2015Explorer III
I would keep what I have or maybe buy another a couple years newer and we are already half timers. I would only buy a ticket in a state where you do not have to be identified. See how long even your friends do not know you won. Give most of it away to good charities so Uncle Sam does not get as much of it. Probably end up regretting you bought the winning ticket as I've never bought one.
Set up a trust that requires heirs to pass a test at 20 on the book "The Millionaire Next Door". Starts paying after the age of 35 in proportion to how much they made from 30 to 35 with some exceptions if they are say a school teacher. Too much money to soon has ruined may a person.
*Yes I've already won the lottery by marrying a frugal wonderful woman 47 years ago and yes my kids had to read "The Millionaire Next Door" and they are now over 35.
Having thought about this some more... I would trade in the single engine Cessna on one of these.
Set up a trust that requires heirs to pass a test at 20 on the book "The Millionaire Next Door". Starts paying after the age of 35 in proportion to how much they made from 30 to 35 with some exceptions if they are say a school teacher. Too much money to soon has ruined may a person.
*Yes I've already won the lottery by marrying a frugal wonderful woman 47 years ago and yes my kids had to read "The Millionaire Next Door" and they are now over 35.
Having thought about this some more... I would trade in the single engine Cessna on one of these.
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