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NFT: 20 year old wins MegaMillion grand prize

spike : 1/12/2018 5:36 pm
"A 20-year-old Florida man claimed the fourth-largest jackpot in Mega Millions lottery history, lotto officials confirmed.

Shane Missler, of Port Richey, was the lone winner of the Jan. 5 jackpot. He elected to take a lump sum payout of $281.2 million, officials said.

Missler plans on pursuing a "variety of passions," according to the Florida lottery, as well as helping others."

“I’m only 20, but I hope to use it to pursue a variety of passions, help my family and do some good for humanity,” he said, according to lottery officials.

The win didn't come as a shock for Missler, whose attorney set up a private limited company called "Secret 007, LLC," officials said.



Lucky kid - ( New Window )
Fuck that kid!  
Miami_JintsFan : 1/12/2018 5:38 pm : link
Just kidding. I want to be his best friend.
His facebook is still up  
spike : 1/12/2018 5:39 pm : link
so his posts re getting lots of comments
marriage proposals will be pouring in  
gtt350 : 1/12/2018 5:43 pm : link
. damn that's alot of money
imagine  
spike : 1/12/2018 5:43 pm : link
the world of women has just opened up for him.
RE: imagine  
Blue21 : 1/12/2018 6:02 pm : link
In comment 13785212 spike said:
Quote:
the world of women has just opened up for him.


Yep the last thing he needs right now and the first thing he'll get
Good luck kid: good chance you’ll end up bankrupt  
Jim in Fairfax : 1/12/2018 6:16 pm : link
.
RE: Good luck kid: good chance you’ll end up bankrupt  
steve in ky : 1/12/2018 6:20 pm : link
In comment 13785223 Jim in Fairfax said:
Quote:
.


I remember in earlier years of lotteries when people would win "a million" or so they would often ruin their lives living above their needs. I wonder if that is still common when you get into the hundreds of millions?
I never understood taking the lump sum  
Diver_Down : 1/12/2018 6:22 pm : link
at such a young age. Certainly, no one is guaranteed a tomorrow, but it is likely that he would be alive for the next 20 years. Seems like an awful lot to give up just to take a lump sum. Of course, he would have to budget and live on $20M a year, but I'm sure he would manage.
RE: I never understood taking the lump sum  
steve in ky : 1/12/2018 6:27 pm : link
In comment 13785228 Diver_Down said:
Quote:
at such a young age. Certainly, no one is guaranteed a tomorrow, but it is likely that he would be alive for the next 20 years. Seems like an awful lot to give up just to take a lump sum. Of course, he would have to budget and live on $20M a year, but I'm sure he would manage.


If he died in a month would his heirs get the money or is it gone? I don't play the lottery so I don't really follow the losing that for his family it would make sense to take lump sum.


I just think if faced with the choice I would prefer control regardless of any other factors, I can see it.
RE: RE: I never understood taking the lump sum  
Diver_Down : 1/12/2018 6:31 pm : link
In comment 13785230 steve in ky said:
Quote:
In comment 13785228 Diver_Down said:


Quote:


at such a young age. Certainly, no one is guaranteed a tomorrow, but it is likely that he would be alive for the next 20 years. Seems like an awful lot to give up just to take a lump sum. Of course, he would have to budget and live on $20M a year, but I'm sure he would manage.



If he died in a month would his heirs get the money or is it gone? I don't play the lottery so I don't really follow the losing that for his family it would make sense to take lump sum.


I just think if faced with the choice I would prefer control regardless of any other factors, I can see it.


I presume it is treated as any other annuity. It is in his name and would have beneficiaries in the event of his death. Of course, he could invest $280M and likely make more off it in the short term. Psychologically, I would have a hard time coming to terms that I left $150M on the table.
Slade said I'm in the running for.....  
MOOPS : 1/12/2018 6:32 pm : link
Saturday's PowerBall.
RE: I never understood taking the lump sum  
Jim in Fairfax : 1/12/2018 6:37 pm : link
In comment 13785228 Diver_Down said:
Quote:
at such a young age. Certainly, no one is guaranteed a tomorrow, but it is likely that he would be alive for the next 20 years. Seems like an awful lot to give up just to take a lump sum. Of course, he would have to budget and live on $20M a year, but I'm sure he would manage.

Based strictly on the numbers, the lump sum is the better choice. You’re only earning around 3% on the money by taking the annuity. Any decent financial advisor should be be able to earn you a much better return.

That said, given that a large percentage of winners blow all the money in five years, the enforced discipline of an annuity is probably wiser for most,
RE: RE: Good luck kid: good chance you’ll end up bankrupt  
Jim in Fairfax : 1/12/2018 6:40 pm : link
In comment 13785226 steve in ky said:
Quote:

I remember in earlier years of lotteries when people would win "a million" or so they would often ruin their lives living above their needs. I wonder if that is still common when you get into the hundreds of millions?

It’s still common. Many 9 figure winners go bankrupt. If you you have poor financial discipline, getting more money doesn’t improve it.
Jim that made me think of a friend who dropped 10 grand at a strip  
gtt350 : 1/12/2018 7:18 pm : link
club here in Vegas. I said what are you nuts?
He said you have to realize I got there Thursday afternoon and didn't leave until Sunday morning
RE: Good luck kid: good chance you’ll end up bankrupt  
short lease : 1/12/2018 7:40 pm : link
In comment 13785223 Jim in Fairfax said:
Quote:
.


+ 1 ... if he is smart he hires a lawyer and an accountant immediately.
For 20 years  
ctc in ftmyers : 1/12/2018 7:43 pm : link
old, he seems to have a head on his shoulders as well as a strong family influence.

Then again, he has never been enticed by the allure that big money will bring to him.

It costs money to be one of the big boys on the block never mind avoiding lawsuits for whatever.

Wishing him nothing but the best.
RE: Jim that made me think of a friend who dropped 10 grand at a strip  
Jim in Fairfax : 1/12/2018 7:47 pm : link
In comment 13785270 gtt350 said:
Quote:
club here in Vegas. I said what are you nuts?
He said you have to realize I got there Thursday afternoon and didn't leave until Sunday morning

50% of Americans live paycheck to paycheck. And yes some have no choice: they’re extremely poor or had some catastrophic event wipe them out. But most live that way because they spend everything that comes in. Double their salary and in a year they’re still no better off financially.
RE: RE: Jim that made me think of a friend who dropped 10 grand at a strip  
Diver_Down : 1/12/2018 7:54 pm : link
In comment 13785285 Jim in Fairfax said:
Quote:
In comment 13785270 gtt350 said:


Quote:


club here in Vegas. I said what are you nuts?
He said you have to realize I got there Thursday afternoon and didn't leave until Sunday morning


50% of Americans live paycheck to paycheck. And yes some have no choice: they’re extremely poor or had some catastrophic event wipe them out. But most live that way because they spend everything that comes in. Double their salary and in a year they’re still no better off financially.


My sister is that way. She is a VP in BP. Flown all over the world, has multiple homes, nanny, housekeeper, etc. She earns well over 6 figures. If I was to look at her savings, I would wager to discover close to none. Years ago when she was working for NASA, I had to help her out to pay her mortgage. At that time she was earning over 80K, but still did not have enough to pay her mortgage that month. She spends it as quick as she earns it.
I know what this guy would do:  
pjcas18 : 1/12/2018 7:57 pm : link
RE: I know what this guy would do:  
ctc in ftmyers : 1/12/2018 8:02 pm : link
In comment 13785298 pjcas18 said:
Quote:


Hell, I did that at home living with my parents. I loved the 60's.


RE: RE: RE: Jim that made me think of a friend who dropped 10 grand at a strip  
spike : 1/12/2018 8:15 pm : link
In comment 13785292 Diver_Down said:
Quote:
In comment 13785285 Jim in Fairfax said:


Quote:


In comment 13785270 gtt350 said:


Quote:


club here in Vegas. I said what are you nuts?
He said you have to realize I got there Thursday afternoon and didn't leave until Sunday morning


50% of Americans live paycheck to paycheck. And yes some have no choice: they’re extremely poor or had some catastrophic event wipe them out. But most live that way because they spend everything that comes in. Double their salary and in a year they’re still no better off financially.



My sister is that way. She is a VP in BP. Flown all over the world, has multiple homes, nanny, housekeeper, etc. She earns well over 6 figures. If I was to look at her savings, I would wager to discover close to none. Years ago when she was working for NASA, I had to help her out to pay her mortgage. At that time she was earning over 80K, but still did not have enough to pay her mortgage that month. She spends it as quick as she earns it.


That sounds like a ton of expenses. She ll need a seven figure salary
I know this guy!  
Beezer : 1/12/2018 9:08 pm : link
😁
RE: I know this guy!  
steve in ky : 1/12/2018 9:36 pm : link
In comment 13785370 Beezer said:
Quote:
😁


Not anymore :)
RE: I never understood taking the lump sum  
mrvax : 1/12/2018 9:37 pm : link
In comment 13785228 Diver_Down said:
Quote:
at such a young age. Certainly, no one is guaranteed a tomorrow, but it is likely that he would be alive for the next 20 years. Seems like an awful lot to give up just to take a lump sum. Of course, he would have to budget and live on $20M a year, but I'm sure he would manage.




If the kid is smart, he'd take a certain % and set up an annuity for himself and designated heirs.
RE: RE: Good luck kid: good chance you’ll end up bankrupt  
mrvax : 1/12/2018 9:38 pm : link
In comment 13785278 short lease said:
Quote:
In comment 13785223 Jim in Fairfax said:


Quote:


.



+ 1 ... if he is smart he hires a lawyer and an accountant immediately.


And an auditing firm.
RE: RE: I never understood taking the lump sum  
DennyInDenville : 1/12/2018 9:39 pm : link
In comment 13785396 mrvax said:
Quote:
In comment 13785228 Diver_Down said:


Quote:


at such a young age. Certainly, no one is guaranteed a tomorrow, but it is likely that he would be alive for the next 20 years. Seems like an awful lot to give up just to take a lump sum. Of course, he would have to budget and live on $20M a year, but I'm sure he would manage.





If the kid is smart, he'd take a certain % and set up an annuity for himself and designated heirs.

Or if he was really smart he'd spend it all on Bitcoin
Good for this kid though  
DennyInDenville : 1/12/2018 9:40 pm : link
That's gotta be quite the feeling I bet
there are some  
spike : 1/12/2018 9:46 pm : link
supermodels that are single..
I'd buy the Eagles  
Larry in Pencilvania : 1/12/2018 10:09 pm : link
Win a championship so the Giants are inspired.



I kid I kid
Derek Jeter  
spike : 1/12/2018 10:21 pm : link
might be calling him right now..
RE: marriage proposals will be pouring in  
EricJ : 1/12/2018 10:45 pm : link
In comment 13785211 gtt350 said:
Quote:
. damn that's alot of money


I just sent him one... i hope he accepts!
RE: RE: Good luck kid: good chance you’ll end up bankrupt  
EricJ : 1/12/2018 10:46 pm : link
In comment 13785278 short lease said:
Quote:
In comment 13785223 Jim in Fairfax said:


Quote:


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+ 1 ... if he is smart he hires a lawyer and an accountant immediately.


so both of those guys can steal from him
If I stumbled into $280 million when I was 20, I wouldn't....  
Crispino : 1/12/2018 11:20 pm : link
have made it to 25. I'm sure I would have just excessed eveything until my untimely demise.
RE: If I stumbled into $280 million when I was 20, I wouldn't....  
spike : 1/12/2018 11:22 pm : link
In comment 13785480 Crispino said:
Quote:
have made it to 25. I'm sure I would have just excessed eveything until my untimely demise.


hookers and blow daily.
he bouught an used Subaru outback 2 yrs ago  
spike : 1/12/2018 11:25 pm : link
now he can upgrade his ride
Why  
mitch300 : 1/12/2018 11:27 pm : link
Would he let his name go public. He will have every scam artist calling him or knocking on his door.
I think  
spike : 1/12/2018 11:29 pm : link
many states require that the winner's name get revealed.

Transparency
RE: Why  
jnoble : 1/13/2018 12:13 am : link
In comment 13785485 mitch300 said:
Quote:
Would he let his name go public. He will have every scam artist calling him or knocking on his door.


If I won the lotto I'd be terrified at the idea of my name and privacy going out the window and everyone bugging me for money. But I would get a sadistic kick out of ignoring any girl who had previously not given ME the time of day who suddenly come running back
RE: I think  
steve in ky : 1/13/2018 12:17 am : link
In comment 13785487 spike said:
Quote:
many states require that the winner's name get revealed.

Transparency


I think you may be correct. That's why I think you will sometimes read about people waiting until it's closer to the deadline before turning in the ticket. By then much of the initial hoopla has come and gone.
Secret 007  
Motley Two : 1/13/2018 12:34 am : link
Shane Missler of Port Ritchie

He's already off to a bad start.
Bankrupt?  
Crispino : 1/13/2018 7:14 am : link
The kid could piss away $100 million dollars and still have $180 million left. $280 million is his disposable, liquid income. Think about it. After a couple of homes and garages full of exotic cars, he still has conservatively $250 million left over. This isn’t the ‘90’s when the winner pissed away $7 million. $280 million is a fucking ton of money.
RE: Bankrupt?  
Diver_Down : 1/13/2018 7:19 am : link
In comment 13785537 Crispino said:
Quote:
The kid could piss away $100 million dollars and still have $180 million left. $280 million is his disposable, liquid income. Think about it. After a couple of homes and garages full of exotic cars, he still has conservatively $250 million left over. This isn’t the ‘90’s when the winner pissed away $7 million. $280 million is a fucking ton of money.


Exactly. With that much money, it becomes a challenge to spend it. Even if he had elected to take the annuity, $22M/yr for 20 years is still a shit ton of money.
This isn't the 90's  
LTPS5611 : 1/13/2018 7:26 am : link
Comment made me feel old.
RE: RE: RE: Good luck kid: good chance you’ll end up bankrupt  
short lease : 1/13/2018 7:48 am : link
In comment 13785463 EricJ said:
Quote:
In comment 13785278 short lease said:


Quote:


In comment 13785223 Jim in Fairfax said:


Quote:


.



+ 1 ... if he is smart he hires a lawyer and an accountant immediately.



so both of those guys can steal from him


Sorry - you are right. I forgot to mention his first purchase should be a shot gun (doesn't even have to be loaded). Just walk into the offices of the lawyer and accountant and put the gun on the table and say "Gentlemen - proceed".
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