In reply to AngryCorvair (Forum Supporter) :
I don't think that a cool suit is the answer, as weight is the enemy.
I've seen cool water sleeves used for athletes on the sidelines that basically cool the bloodflow in your arms and that cooler blood then flows through the rest of your body to remove some of the heat. The trick is to not go so cold that blood flow slows.
John Welsh said:
Major Scoreboard!!!!! OHY!!!!
In reply to Woody (Forum Supportum) :
The device AC invented and linked to cools from the inside (esophagus).
Im picturing a version modified for your application (probably not esophagus).
I used to do this sort of thing a lot when I had some down time at a previous job. I would take the $36.3 million net annual payments.
First and foremost is setting up a trust fund for my kids so they can pursue whatever education they desire and go wherever they want to go, whenever they want to go there.
Next I would pay off my house, the ex-wife's house and my former inlaws' house.
Then I would quit my job and go back to school. I've always wanted to pursue a college degree but time and money, yadda, yadda.
I would build my current daily driver ('07 Focus S Sedan that I paid $1,200 for three years ago) and "compete" in the GRM Challenge. I might even consider buying a car that doesn't squeak, rattle, and leak fluids.
Then there would be lots of roadtrips, lot of Disney, lots of living, and some philanthropy thrown in.
In reply to The_Jed :
I'd recommend that the only education your kids would need is , "how to manage money, and lots of it."
This has been on the market for awhile and I'd definitely buy this property
The_Jed said:I used to do this sort of thing a lot when I had some down time at a previous job. I would take the $36.3 million net annual payments.
It's not $36M payouts from the start (it's why they say average) the 1st one is $25M and it goes up some every year. In MD the first one is $14M after taxes. That is a chunk of money, but if I won $1.75B and "only" had $14M to spend, I'd be disappointed. I won $1.75B and can't buy 3 $5M houses for cash? Doesn't feel like I'm a Billionaire...
It takes 8 years to get a payment of over $20M if you take the payments.
In reply to SV reX :
Well clearly, I've never read all the way through the "tired of being the Ho" thread. In fact, at first I thought you were talking about the free muffler thing!
So I guess I have some homework to do. I'll read through the original thread and the stuff that AC linked above.
To be clear, my original post was referring to cooling the core temperature from a rehab/recovery/get back inside the fire and do some more work perspective, as opposed to emergency treatment of a medical crisis. You can't intubate a conscious person and then throw them back into the fire.
I'll read all the info before I comment further (maybe).
SV reX said:Honestly, it's a harder question than it seems.
Sure. I'd buy stuff. Lots of stuff. And I'd give away an awful lot. But eventually I'm really not certain how I'd want to live if money were literally no object whatsoever.
Reminds me a bit of the joke: "I don't know if a ton of money would change me, but I wouldn't mind finding out..."
I'm currently in a strange financial position where I can do almost anything I want, but not everything I want... which has led to more than a little bit of decision paralysis - so I do nothing ...except buy music gear I'm never home long enough to play with, bike stuff I don't have time to use, and car stuff I also don't have time or space to do anything with.
Charity is another tough one... while I would really want to help people, even some $700M wouldn't go far in the grand scheme of human needs. So... decision paralysis would probably rear its ugly head again.
1. Pay off everything
1a. Pay off family's everything
1b. Pay off GF's everything
1c. Set the kiddo up for life, whatever positive thing she wants to be or do is hers. (this is already a goal it's just a lot easier to check off the list with a billion dollars)
1d. Pay whatever amount of money is required to legally blend/fire from cannon/etc the GF's ex husband/kiddos father because lord I promise you there is no amount of Bugatti-jousting that would make me happier than not having to deal with his nonsense anymore.
2. Biggest (longest, most doors, most wheels. Not tallest I'm not that kind of redneck) blackest 1 ton Denali truck I can get my hands on.
3. Two car hauler with living quarters and massive AC unit
4. Black three pedal M3
5. All the dumb car stuff that's in my head and there's a lot.
I'd travel and likely would never stop. I'd get some people a "real doll" as no matter how much money they have their partners will never be happy with them as they're unwilling to change and claim their spouse isn't into them or happy with them for a litany of other false reasons.
I wouldn't want it. I used to buy the big lottery tickets for the dream of winning. Now when I think about what the reality would look like it sounds more like a nightmare. I have a good life, loving wife, great kids, decent job, friends. I'm afraid if I ever won the lottery (for a large sum) all of that would change and I wouldn't want to risk loosing the sweet gig I have now.
Steve_Jones said:The_Jed said:I used to do this sort of thing a lot when I had some down time at a previous job. I would take the $36.3 million net annual payments.
It's not $36M payouts from the start (it's why they say average) the 1st one is $25M and it goes up some every year. In MD the first one is $14M after taxes. That is a chunk of money, but if I won $1.75B and "only" had $14M to spend, I'd be disappointed. I won $1.75B and can't buy 3 $5M houses for cash? Doesn't feel like I'm a Billionaire...
It takes 8 years to get a payment of over $20M if you take the payments.
You make me consider an interesting point. The annuity payment amount goes up 5% a year, and that's locked in, guaranteed money for 30 years.
What kind of credit lines does that open up?
And also another thought.
Say you paid the annuity to an LLC, could you then pull a bezos and rent *something* from another LLC in the Cayman Islands for the tax bill every year and get the whole wad?
The first thing I buy is a P-51. Then spend the rest of my life mastering flying it. Every other purchase is secondary.
Honestly, Same thing I want to do in retirement.
Before anything, setup a trust and only live on the interest/dividends.
First of all, setup each of my nephews with a house. Middle of the road place in the 300-600K range once they get settled in to where ever home is. On top of that, they would get a comfortable living salary. I want to make sure they work and don't be just a trust fund baby.
Setup a large set of charitable donations. That would be a a lot of the cash. At least half of the yearly revenue.
Then buy a commercial building with a garage to live and store my stuff in. Build out a shop area. Build out a few Land Cruisers for global exploration. Have a few condos in different continents as a base of operation for that continent.
It would take a lot of thinking about what to do with even 8 digits of money. Heck even $10M is too much for any one person to ever have IMO. Immediately only a few things would be certain:
1. No more work unless I feel like doing it, expect I won't for many years, maybe never
2. Buy house with huge-ass garage out front, field of dreams out back
3. Help a few friends and relatives who really need it
4. Drop every currently-planned mod and fix onto all my cars
Move back to Canada and start collecting fun cars. Pay mechanic to work on them, like Jay Leno. I'd spend a lot of time thinking about who/what to donate a big chunk of it to.
You people that are going to hire an accountant to manage their money are likely to lose a lot of that money to them. Same with the attorneys. The lady who won the first billion dollar lottery here in SC had her well known yankee attorney steal a whole ton of her money.
I'd blow the whole thing on a custom car company. 
I've already designed the building and (partially designed) the first two cars.
My wife and kids already have horses and we live on a farm so I guess we'd just keep that going until the money ran out.
Retire, Pay off my current house, buy a house near by to act as a guest house/photo studio and add a small machine shop to that, buy a Defender 110, a couple bikes and cameras, put a bunch in a trust to act as the foundation for an educational charity.
Try to live as normal a life as possible.
It would go something like this:
-Pay off outstanding debt
-Trusts/annuities/legal/etc.
-Make sure my family is "all set"
-Buy a few vacation properties in places we like
-Buy big warehouse/garage shop situation, hire someone to manage it all (see Jay Leno's Garage as example)
-Finally finish my current project vehicles
-Set up plans to do an annual car-related vacation with my friends (I have a few plans for this already)
-Buy a property and open an old-school video game arcade and make a "living museum" out of it (like the American Classic Arcade Museum at Funspot in Laconia NH)
-Start a charity based around the car stuff, video game stuff, or both to help kids/families in need
-When I do retire, buy a farm and operate part of it as a dog rescue named "Holly's Haven" after our dog Holly, who is a rescue
Another thing is that I'd likely still work and live in my current house. I like my job, and would work there until it got in the way. My wife would retire instantly though; her job is a tough one and she needs a break.
In reply to spitfirebill :
I question how much research was done by the winners to get that guy. Or keep him. All sorts of red flags - him having access to bank accounts, advising them to invest millions in a diamond broker for 16% returns... It is the sort of stuff that bad tv shows use as a story line and are so obvious. That type of investing - longshots and for huge gains - make sense if you're trying to grow and have an extremely high risk profile. But a lottery winner isn't trying to grow; they're trying to maintain (or maintain their base releative to a marker like SP500 or Total Stock Index).
That isn't a dig or a "HOW COULD YOU NOT HAVE SEEN THAT". More of just an observation that it is sad that people get duped when they are making an effort to do the right thing.
It is why you would also need to hire an auditor. With that amount of capital you need a team of professionals to set things up for you. Unless you are a professional yourself, or have expert level familiarity with this to go it yourself... But you've got a target on your back at this point. People are going to find you. I'd want to know I'd covered every base to stay anonymous.
SV reX said:It's not about what would I buy with basically unlimited money. It's about how would I love. And the answer is, I'm not sure.
So much of my identity is wrapped up in being cheap or the need to make money that I am honestly not sure how I would live if there was literally no reason to ever think about money again.
I love my work, and enjoy owning a business. But part of that is because I need an income. I think running a business without and financial incentive at all would get boring quickly.
I love my little house on the lake. But part of that is because it was inexpensive. It's kinda crappy in some ways. But the opposite extreme is also unappealing. If I bought a vast place with caretakers and no concerns about costs with no luxury withheld, I'd get bored of that too.
I like crap can cars. But part of that is because I can't afford better ones. And if I could avoid the best, it would be boring to live that way day to day.
For me, part of life is the challenge of facing the struggle from time to time. And part of that often relates to money in some way or another.
Sure. I'd buy stuff. Lots of stuff. And I'd give away an awful lot. But eventually I'm really not certain how I'd want to live if money were literally no object whatsoever.
The things may change, but the feelings and drive don't. Your business becomes a legacy - what are you going to leave behind for your family or community? Can you provide jobs, housing, education, whatever, for those who need them?
You've met Jimmy Carter. And while he's not nearly in the same class of wealth as you will be after you win this jackpot, the end result isn't that much different - he's had a pension that has guaranteed him a lifetime income for a very "comfortable" lifestyle. Yet the man and his wife live in the same house they built themselves in 1960. And he's still building houses (or was until very recently).
Similar story with Jay Leno - well, not similar, but still - the guy still wrenches on old cars, because he likes it. The scope of things gets bigger, but the things don't really change. The goal changes from a number of dollars you have saved to things you want to do.
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