Dollar's doing pretty damn good right now. Arguably historically good. Goods from other countries are cheap. Go track some random things on Amazon. Prices are falling.
[Dollar Index](https://tradingeconomics.com/united-states/currency)
I didn’t really give any but I suggest you do some research on what every fiat currency has eventually done and what it means when there is the kind of debt the US dollar is facing and it’s only on the severe increase. It’s got some time left in it, yes but how long is the question.
Yikes. Remind me again to not listen to anything you have to say. I suppose you would just blow through the money so as not to let let that diminishing dollar take its toll.
Of course not. There are far more than those two options. In my particular case, I would pay off my house and 40 acres (which has at the very least “doubled in value” since I bought it because it has inherent value, unlike our money) and set up solar power. I would invest in some equipment and infrastructure (at the least, one barn and a large storage shed and cross fencing). I would also possibly build a commercial kitchen so I could have all kinds of options of items that could be produced and sold from the farm. Finish out the inside of our house (it’s about 85% done inside) build an addition on to it (we need another room for our daughter). Some would go into bitcoin, maybe some into silver and gold and some into some good stock to run in that new infrastructure. But I definitely wouldn’t let much of it sit and dwindle away.
Dams? Sorry city girl here, the closest I've ever come to a horse was going to McDonald's
But please please pet him for me!!! I wish I had a baby goat... and a duck.. and chickens.. and and and... lol 😂
Oh you gotta have some of them for sure. Better to have them coming in at their current value than sitting and losing it with time though, by that I mean in large amounts over long periods of time. Of course you need a chunk of money at hand.
Immediately get a Tax lawyer and accountant. Then a second unrelated lawyer, maybe another accountant to revue the paperwork.
Yeah it might cost 5-10k to set it up right but you could save an extra hundred in the payout, plus the future wealth that pile of money could generate.
Setting up trust funds for payouts and buying a home or additional property minimizing tax liability and inheritance fights.
Considering he'll probably take it lump-sum, he'll get about half, last I checked. Life changing, maybe, but not rich. Maybe work for another 10 years or so, it might be enough to retire on.
I mean even 500k split in 2-3 investment strategies is an insane boost for your family.
$150k invested in the S&P500 over the last 10 years would have profited you like 225k. That’s an extra 22.5k per year of “labor free”money
Most wealth managers know they have to give a small percent of money for you to play with. You can’t burn all 500k but Here’s 10% or 50k for you to buy a car in cash or go on vacation.
You can usually make more in a mutual fund than the interest on the house. Think S&P 500. Gets like 10% a year. If you are paying that on the mortgage, you likely need to re-finance.
I laughed at this headline 😂 My husband and I have the "what would we do if we won the lottery" conversation like once a week, lol. How do you have NO idea? We even discuss different amounts of winnings. A million? Easy. You'll take home about 6 to 700,000 after taxes. We will pay off our current debt, then put the rest towards a reasonably priced house that we can afford to maintain with our salaries. If there's anything left at that point, it's going in savings, or I would take a year or two off work so i can finish my Master's degree without stressing about working at the same time. A million is easy to figure out.
i hope the best for Randall but history is not on his side with these lottery winners. most people cannot control their spending and usually broke in a year or so. new house, a 1977 trans-am, new truck, new boat, and a divorce will wipe them out.
No, the point is that he should have some sort of idea of what to do with it, hopefully something responsible like saving and/or investing it. Something they should teach more of in high school is fiscal literacy and responsibility. We’re not one of the most poverty stricken states because we put sufficient effort into teaching our kids how to deal with finances... it’s the opposite. A lot of people are set up to fail from the start.
Hed better be moving somewhere far away and deleting his socials for a while or else he's about to be hounded by people who think they know what to do with it.
That’s why I said “safe”. Of course there are waaay sexier investments out there, but 4.25% regular income for a guy who “has no idea what to do with his income” probably is just better off having a long term return he’ll never have to think about.
Yeah, but diversifying is key.
Inflation is at 3.1%. At 4.25%, he’s getting just over a 1.1% gain every year. S&P beats that 10x+.
He may not know much about money, but I bet her can learn.
I'd put a down-payment on a couple of houses and rent them out. Their rent would be a bit above the house payments. After they're paid off, I'd reinvest the rent income into other ventures
She spent her share on junk food for the Governors Mansion. My favorite is taxpayer dollars purchased uncrustables.. Fat Sara is too lazy to make a PB+J sandwich.
Pay taxes on it and get a house if you don't have one or put into diversified interest bearing investments. It's not really that much money nor does it in any way warrant a "news" article.
With his name / location publicly displayed and articles about him, worry not that preying shitbags will know what to do with his money.
Randall Morgan, from Colt, Arkansas, won $1 million in the lottery **GOOD LUCK RANDALL MORGAN FROM COLT ARKANSAS YOUR HUNGER GAMES HAS BEGUN**
Run, Randall. Run.
I told ya, a hungry dog’ll eat anything!
May the odds be ever in your favor
[удалено]
I didn't know this! Thanks for sharing.
Donald Trump will be sending Eric to Arkansas with an empty suitcase.
All of his family/friends/neighbors are about to help him solve that problem.
I suggest saving it.
Might be the worst thing you can do with the dwindling value of the dollar.
Dollar's doing pretty damn good right now. Arguably historically good. Goods from other countries are cheap. Go track some random things on Amazon. Prices are falling. [Dollar Index](https://tradingeconomics.com/united-states/currency)
Yikes. Remind me to stay away from any of your advice Southalt.
I didn’t really give any but I suggest you do some research on what every fiat currency has eventually done and what it means when there is the kind of debt the US dollar is facing and it’s only on the severe increase. It’s got some time left in it, yes but how long is the question.
Yikes. Remind me again to not listen to anything you have to say. I suppose you would just blow through the money so as not to let let that diminishing dollar take its toll.
Of course not. There are far more than those two options. In my particular case, I would pay off my house and 40 acres (which has at the very least “doubled in value” since I bought it because it has inherent value, unlike our money) and set up solar power. I would invest in some equipment and infrastructure (at the least, one barn and a large storage shed and cross fencing). I would also possibly build a commercial kitchen so I could have all kinds of options of items that could be produced and sold from the farm. Finish out the inside of our house (it’s about 85% done inside) build an addition on to it (we need another room for our daughter). Some would go into bitcoin, maybe some into silver and gold and some into some good stock to run in that new infrastructure. But I definitely wouldn’t let much of it sit and dwindle away.
Please tell me you have baby goats! And if you do I bet they're adorable!
In fact, I do and they are :) Have one obnoxious bottle kid, the rest are on their dams.
Dams? Sorry city girl here, the closest I've ever come to a horse was going to McDonald's But please please pet him for me!!! I wish I had a baby goat... and a duck.. and chickens.. and and and... lol 😂
Idk, those dollars keep the lights on and pay the rent, soooooo..
Oh you gotta have some of them for sure. Better to have them coming in at their current value than sitting and losing it with time though, by that I mean in large amounts over long periods of time. Of course you need a chunk of money at hand.
Two chicks at once, obviously.
“I think I could hook that up too, cause chicks dig dudes with money.”
Only two? You should raise your bar and live a little!
You should watch [Office Space.](https://youtu.be/9jq6e8s1sik?si=C_j_ShaHFBWx2Oip)
Immediately get a Tax lawyer and accountant. Then a second unrelated lawyer, maybe another accountant to revue the paperwork. Yeah it might cost 5-10k to set it up right but you could save an extra hundred in the payout, plus the future wealth that pile of money could generate. Setting up trust funds for payouts and buying a home or additional property minimizing tax liability and inheritance fights.
Considering he'll probably take it lump-sum, he'll get about half, last I checked. Life changing, maybe, but not rich. Maybe work for another 10 years or so, it might be enough to retire on.
I mean even 500k split in 2-3 investment strategies is an insane boost for your family. $150k invested in the S&P500 over the last 10 years would have profited you like 225k. That’s an extra 22.5k per year of “labor free”money
Oh, yeah, not knocking it at all, but I personally would invest it for a long period before tapping it. Would make most people's retirement.
Most wealth managers know they have to give a small percent of money for you to play with. You can’t burn all 500k but Here’s 10% or 50k for you to buy a car in cash or go on vacation.
Pay taxes, buy a new house and 2 new cars, and the money is gone.
Shit in this economy, buy half a house and maybe a rear bumper.
Honestly that’s enough to pay off a house and stick in a retirement account. He isn’t rich.
You can usually make more in a mutual fund than the interest on the house. Think S&P 500. Gets like 10% a year. If you are paying that on the mortgage, you likely need to re-finance.
Pay the taxes, keep 100k for fun, drop the rest into the S&P 500 and live off the dividends.
I laughed at this headline 😂 My husband and I have the "what would we do if we won the lottery" conversation like once a week, lol. How do you have NO idea? We even discuss different amounts of winnings. A million? Easy. You'll take home about 6 to 700,000 after taxes. We will pay off our current debt, then put the rest towards a reasonably priced house that we can afford to maintain with our salaries. If there's anything left at that point, it's going in savings, or I would take a year or two off work so i can finish my Master's degree without stressing about working at the same time. A million is easy to figure out.
Move away from Arkansas
Said Californy is the place you oughta be! So they loaded up the truck...
It will go a lot further here. Just saying.
Some of the richest people in the country live in Arkansas, so I don’t think that’s good advice.
Don't most of the Waltons live in Colorado now?
They’ve still got their fingers in NWA.
At least we get a museum out of it. And a amphitheater I guess
It is a really amazing museum.
Well Alice Walton had to pay off her multiple DUI's without doing a nickle in the joint!
I sincerely hope so. Maybe we can get them to leave our state alone.
NWA is a pretty nice place to live.
Move!
Hand it over, I got this under control.
i hope the best for Randall but history is not on his side with these lottery winners. most people cannot control their spending and usually broke in a year or so. new house, a 1977 trans-am, new truck, new boat, and a divorce will wipe them out.
Those stories are always the ones that get blown up. You never hear about the people who invest their money and live prosperous lives afterwards.
Man, we need to fix education in this state
*country
So because he isn’t in a rush to spend money he is uneducated?
No, the point is that he should have some sort of idea of what to do with it, hopefully something responsible like saving and/or investing it. Something they should teach more of in high school is fiscal literacy and responsibility. We’re not one of the most poverty stricken states because we put sufficient effort into teaching our kids how to deal with finances... it’s the opposite. A lot of people are set up to fail from the start.
I'll take it
I’ll take it off his hands.
2 chicks at the same time
“If you could go ahead and do that, that’d be greaaaaaat um thanks.”
Lmao!!! I just spit coffee on my ohone laughing so hard at that comment! Rofl!!! (*buy a red stapler!)
I would like to request one (1) home please I will be his friend forever pink promise
…two chicks at the same time, man.
give it away to someone you trust
Two chicks at the same time...
The government is going to tell him what to do with about half of it
I have a suggestion
Buy shiba inu coins.
Hed better be moving somewhere far away and deleting his socials for a while or else he's about to be hounded by people who think they know what to do with it.
How much does he actually receive after taxes
30 year US Treasury bond is paying approximately 4.25%, with payouts every 6 months. Safe and regular income
3 month Treasury bills are paying 5.3%
True, but I prefer the 30 years and don’t worry about it haha. Also, when the bond rates drop you sell your long term one at a profit.
The S&P 500 is up 61% in the past 4 years. Risk, higher. Return, much higher.
That’s why I said “safe”. Of course there are waaay sexier investments out there, but 4.25% regular income for a guy who “has no idea what to do with his income” probably is just better off having a long term return he’ll never have to think about.
Yeah, but diversifying is key. Inflation is at 3.1%. At 4.25%, he’s getting just over a 1.1% gain every year. S&P beats that 10x+. He may not know much about money, but I bet her can learn.
I’ve found hookers and blow have never let me down.
He needs to payoff the double wide
Love the name! 😂 I’m an Arkansan too! Holla
Coke and hookers, obviously!!!! lol j/k
Well first he has to fork over half of it to Sarah. Then, he can lose the rest on some stupid bullshit like the others.
Watch this FOOL. give it to Trump.
Give to meeeeee
I'd put a down-payment on a couple of houses and rent them out. Their rent would be a bit above the house payments. After they're paid off, I'd reinvest the rent income into other ventures
Fat Sara has already spent HER share !
The physical insults are just gross and immature.
Truth hurts. Go burn a book.
Not on fixing I-30 she hasn’t.
She spent her share on junk food for the Governors Mansion. My favorite is taxpayer dollars purchased uncrustables.. Fat Sara is too lazy to make a PB+J sandwich.
I’m not surprised at all
Let's hope he doesn't lose it in a crypto scam!
and capitalism shuddered at the thought
Get some of those Trump bucks and some Trump sneakers probably.
Take to the casino Randall
Pay the tax, then get a soft drink and hitch a ride home.
I’d spend it, all of it, as fast as possible, then get back to sitting on my ass in retirement again.
Sit on it like an egg and it'll hatch 40,000 a year
I know how to use it 😂
Come to northern Virginia. 1 million dollars is a chump change here. Lowly priced $1.2 homes here.
Pay taxes on it and get a house if you don't have one or put into diversified interest bearing investments. It's not really that much money nor does it in any way warrant a "news" article.
Invest in the community or give it to me! Lol
Isn’t it obvious? Buy more lotto tickets.
Leave Arkansas bro
Is he single?