He should go and read three times! the excellent thread on what he might do with 5M
http://www.somersoft.com/forums/showthread.php?t=59141
http://www.somersoft.com/forums/showthread.php?t=59141
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Im just cut because he only spent 57 bucks and made 17 million. Yes im in the haters club
Yes im in the haters club
It's quite well documented that people who have won money, if they are not used to handling a large amount, tend to lose it very fast.
I can't see how he could go wrong with 17m but I have seen lotto winners of 1 million be back on the dole within a year . Maybe he has learned his lesson of bad money management losing his last home anyway? With 17 million, you could put 10 million just in the bank earning 5% which would mean he could live off roughly $500,000 per year interest and spend the other 7 million on more things like buying more lotto tickets, bad business ideas, expensive cars, a couple of homes, give a lot away to friends and family, go on expensive holidays, waste it on food and all the other things bad money management people do.
Why are you always involved in controversy Skater?
I would rather see windfalls go to people who need it then people who are already well off.