The OFFICIAL Powerball and Megamillions thread:

Paying a house in full allegedly brings higher property taxes. If you have a mortgage, you can benefit from the tax break? Right?
Never heard of higher property tax if paid in cash but I'm no expert. I do have a mortgage so I can speak on that. You will be saving a lot of time, peace of mind and money if you pay in full. You save on closing costs, no appraisal fee for bank, etc. You save time on looking for a lender with low interest. Once you find one, the mortgage process takes months(typically). I also say peace of mind because you won't have this monthly bill with interest over you head for the next 15/30 years(of course you can pay more and take years off the end). I'd pay in cash, no question. Get it over with fast. Wouldn't be an issue with this powerball money anyway. 
 
I've never played the lotto. Plz no flame

When's the deadline to buy tix?
And when do they announce the numbers?
I'm in CA and yes I'd leave my girl if I won
 

Paying a house in full allegedly brings higher property taxes. If you have a mortgage, you can benefit from the tax break? Right?

I could be wrong, but i believe thats why a lot of celebrities have mortgages even tho they're worth 50x more than their house cost. Think of it this way, why plop down $10mil for your dream house at anywhere between 1%-4% when you can keep that $10mil invested at a higher rate?
 
Im going to win and be reckless
Run with scissors
Walk and chew bubblegum
Step on side walk crack
Take candy from babies
Rip matress tags
Listen to macklemore
 
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  • [The first thing you should do is] hire a tax attorney.
  • Don't take the lump sum. You don't want to blow it all in one spot.
  • If you weren't happy yesterday, you won't be happy tomorrow. It's money. It's not happiness.
  • If you were happy yesterday, you are going to be a lot happier tomorrow. It's money. Life gets easier when you don't have to worry about the bills.
  • Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs $1 million for anything. No one needs $100,000 for anything. Anyone who asks is not your friend.
  • You don't become a smart investor when you win the lottery. Don't make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won't lose money. 
tips from Cuban. Stuff majority of us already knew tho 
 
  • [The first thing you should do is] hire a tax attorney.

    [*]Don't take the lump sum. You don't want to blow it all in one spot.
  • If you weren't happy yesterday, you won't be happy tomorrow. It's money. It's not happiness.
  • If you were happy yesterday, you are going to be a lot happier tomorrow. It's money. Life gets easier when you don't have to worry about the bills.
  • Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs $1 million for anything. No one needs $100,000 for anything. Anyone who asks is not your friend.
  • You don't become a smart investor when you win the lottery. Don't make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won't lose money. 


tips from Cuban. Stuff majority of us already knew tho 


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Mark Cuban doesn't know ****. When was the last time the Dallas Mavericks won a ring? Exactly. He's washed. He should sit down somewhere and let the young boys take charge
 
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^^ lol I'm sayin. He's like 5 years removed from a 'ship and took down arguably one of the greatest basket ball teams of all time to get one too.

Cuban is still an idiot though.
 
i remember losing sleep cause I really thought I was going to win 4 years ago.

The place I always buy from had hit the mega millions when it was its last highest. Some lucky Filipino guy that worked with my aunt.
 
This jackpot is an obscene amount of money for anybody to be gifted. Real talk all I would want is 500k -1 mill after tax and I could build on that. All most of us really need is a do over, or clean slate to start fresh and make different choices for our lives. Maybe follow our passion, or dream rather than doing what is expected in this society.
 
what is there to disagree with besides not taking the lump sum and of course not investing wisely ? 

also it just hit 1.5 billion
 
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600 plus million f what Cuban talking about. I looking out for my close fam and homies. I could literally blow 150 mil and still be set for life. Buy my people's houses and cars and lace their accts. Hire 2 personal bodyguards one for me and one for my girl and kid. But all my favorite porn stars getting smashed asap and ig thots.
 
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