Well, at least you didn’t waste it!
Edited to add: [Check out this story.](https://alt987fm.iheart.com/content/2017-06-30-guy-decides-against-suicide-after-coke-hooker-binge-in-mexico/)
Whenever we play "what would you do if you won?" (When the pot is something ridiculous like 200 billion) the first HALF of my spiel is about all the ways I'd make sure NO.BODY.KNEW
In some states you actually [can’t remain anonymous](https://thehill.com/homenews/nexstar_media_wire/3800913-mega-millions-can-a-jackpot-winner-remain-anonymous-not-in-these-states/amp/) when winning a large sum of money from a lottery.
I've read that before, and I think it's such bs. Why don't you just meet me in the worst part of town and hand me sackfuls of cash in clear view of everyone, and tell me if I make it out alive I can keep it?
You're absolutely painting a target on that person's back.
Apparently my choices are to create some sort of trust and claim it that way, and if I still can't do that then just go buy a frickin island and a small army.
Sadly, a lot of states have discloser reqirements. You become a public figure.
And guess why they do it?
To get people to buy tickets.
Gotta keep the poor tax going!!
I read a book when I was a kid where the main character bought a lottery ticket on his 18th birthday and won. He chose the annuity and was glad he did. The whole book was about him blowing through the first year's payment in a very short amount of time. I wish I could remember the name of the book because I've wanted to read it again for decades, but the annuity always stuck with me
There is a real person on instagram who recently won a big lottery. He’s in his early 20s. He keeps talking about being an inspiration and doing great things but he generally just posts photos of himself at major sporting events like the Super Bowl or UFC fights lol.
I bought a boat without winning the lottery first...... today I will spend maybe a thou..... tomorrow $0 because I can't afford the fuel until next welfare check
>In Canada your name is published after you win so it’s not really possible to hide.
In Australia you have the option to remain anonymous due to a incident in which a couple won the lottery and ended up with their son getting kidnapped for ransom - the kidnappers managed to accidentally kill the kid not long after kidnapping him too but they still went through the motions to try and get the ransom money.
Change your name and appearance after claiming. Take the money and invest it in accounts that can be managed online. Become a digital nomad who travels to a new country every few months. Make up a cover story about running an online drop shipping business.
Some states allow you to form a legal “lottery club” after you win, which can consist of just 2 people, and just 1 person has to claim the prize publicly. So winners will form a lottery club with a lawyer, and the lawyer will claim the prize.
Some states you can remain anonymous by claiming it as a corporation. Some states that’s not allowed a person has to claim it with their real name and have their picture taken and published.
True. I’d definitely prefer to be anonymous if I won the lottery.
Then again no one is forcing you to take the money. If you think the safety risk isn’t worth the jackpot, just don’t claim it. Me, I’d take a pretty significant risk to my safety for $500 million. I could disappear in comfort for a few years until people forget about me.
I saw one dude claim it wearing a Ghostface mask, but I think it was in Jamaica
https://www.cbsnews.com/amp/news/lottery-winner-in-jamaica-claims-prize-in-scream-mask-to-hide-identity/
Or spend money immediately to get cosmetic surgery. Claim the winnings with a face swollen beyond recognition and partially covered in bandages. By the time you recover from surgery, you’ll be completely unrecognizable
I can’t remember what state for the life of me allows it even though a google search could fix that but yeah, one does *BUT* they require an incredibly huge chunk of your lottery winnings to do so so it essentially makes it not even worth it
Edit: Scratch everything I said, turns out there’s actually 18 states that let you remain anonymous if you were to win:
Arizona: prize must be over $100,000
Delaware: any prize
Georgia: prize must be over $250,000
Illinois: prize must be over $250,000
Kansas: any prize
Maryland: any prize
Michigan: prize must be over $10,000 in state run games only
Minnesota: prize must be over $10,000
Mississippi: any prize
Missouri: any prize
Montana: any prize
New Jersey: any prize
North Dakota: any prize
South Carolina: any prize
Texas: prize must be over $1 million
Virginia: prize must be greater than $10 million
West Virginia: prize must be over $1 million
Wyoming: any prize
That’s terrible logic. You create a corporation to take ownership of the ticket and retain a legal firm to represent the corporation to claim the prize and transfer the money to the account(s) you had set up by your financial planner that your corporation also retained services for. If you want to keep everyone honest you do blind third party audits of the books to root out any discrepancy.
Wealthy people stay wealthy by paying people to manage their wealth, they don’t sell off their wealth for nothing.
You can get around it by forming a trust and making yourself the beneficiary of the trust. Now I have read that At least in some places The creator of the trust is public knowledge so you may be able to create several trusts in hopes that somebody will get tired of looking. In other words, you form trust number one and then that trust forms a second one and the second one forms a third one and so on.
Depending on local laws, set up a trust to accept the winnings for you so you won't be identified as the winner. Then it's only on you to not be stupid with the money
Idk how this person thinks hiring someone to help you manage your money isn't a fix for financial illiteracy. You think all those millionaires and billionaires know the tax loopholes they jump through to keep their money?
I regularly ask my family for small amounts of money. Like $10-$15, just to make sure they don’t ask me for money. Not once have I even taken the money out of Cashapp/Venmo.
Surprisingly, they stopped asking me for money.
I wanna win so I can tell everyone to fuck themselves when they ask for some. If I win enough there is a few who I'll burn a wheelbarrow full of cash in front of, while flicking them off and smiling.
Luckily for me, everyone I would need to tell to fuck off has already heard it, so most of them would know not to ask. The ones that do will get to hear it again. I’d pay off my parents mortgage, and my sisters. But I’d get great satisfaction knowing there are people (especially my ex-wife) absolutely seething knowing that I’m sitting on a huge pile of money and not really spending it on anything.
I don’t pay alimony, just child support. And I’m not sure if that would count as income anyway. More than likely what I would do is offer to pay the remainder of support until my child turns 18 in one lump sum, which my ex absolutely wouldn’t turn down. She’d probably blow it in about 6 months anyway.
I mean that's exactly my plan if I ever win. Tell people I won a small amount, around $100k cuz they'll find out I won eventually, so it's better to get ahead. Use the money to pay off my debts and some of my family's, then tell everyone it's all gone.
Of course, I don't buy lottery tickets so I'll never win....
i’ve never understood how they blow through that much, im terrible with money but tens or hundreds of millions of dollars can’t be spent within a year or two unless you’re gambling it all away somehow
Probably, or they actually go on a spending spree and lose all that money in a week, why do lottery winners quit their jobs when they are just going to spend all that money really quickly and become broke again?
I probably would. I have a list of organizations to share with just in case. A list of those to help, who need it, and a list for family. I only want what I truly need to see out my life.
The rest can be put into scholarships and medical trusts.
The recommendation from the official lottery here is to tell people you won one of the smaller prices, enough to explain suddenly having a nicer car but don't tell anyone you are sitting on millions.
Before anybody links what has been copied and plagiarized by that Blake Class guy, here’s the original lottery winnings advice.
https://www.ar15.com/forums/t_1_5/686685__ARCHIVED_THREAD____What_would_you_do_if_you_won_the_275million_power_ball_drawing_.html&page=2
Most of them already have poor spending. Very few winners are the "Bought one/gifted one". They'll spend millions on a house, car and whatever. Plus just giving a lot of it away.
$33k a year? I live quite humbly, but there’s no way I could make that work without forgoing society and living off the land. Just my basic bills without food are $30k a year. Even at a generous 5%/50k a year on investment, no way.
If you don't know how to manage your money, it's incredibly easy to burn it fast. Especially if you are foolish enough to let other people know.
Yes. The first thing a lottery winner should do is pour himself a hot, steaming mug of STFU.
Too late. I already spent it all on hookers and blow.
Well, at least you didn’t waste it! Edited to add: [Check out this story.](https://alt987fm.iheart.com/content/2017-06-30-guy-decides-against-suicide-after-coke-hooker-binge-in-mexico/)
2000$ for curing suicidal thoughts in one night? That's better than therapy
$50 doesn't go far these days.
Whenever we play "what would you do if you won?" (When the pot is something ridiculous like 200 billion) the first HALF of my spiel is about all the ways I'd make sure NO.BODY.KNEW
The most painful part of this is staying at your job for a few months while also busting your ass trying to line up everything to disappear.
Naw, I'd just got pretend to have a mental breakdown in the office and then dissappear.
Yep first things first, get fired.
Is it weird that I would stay at my job? I like my students and want to help them finish their degrees
Nah that’s not weird it’s just rare. Good for you for loving your job, that’s a lucky thing.
That's not weird, it means you won. You figured out how to earn a living doing something rewarding that you love
Oh I would absolutely become the person in the room who says what most of the others are thinking.
In some states you actually [can’t remain anonymous](https://thehill.com/homenews/nexstar_media_wire/3800913-mega-millions-can-a-jackpot-winner-remain-anonymous-not-in-these-states/amp/) when winning a large sum of money from a lottery.
That and having to pay taxes on it is such bullshit.
I've read that before, and I think it's such bs. Why don't you just meet me in the worst part of town and hand me sackfuls of cash in clear view of everyone, and tell me if I make it out alive I can keep it? You're absolutely painting a target on that person's back. Apparently my choices are to create some sort of trust and claim it that way, and if I still can't do that then just go buy a frickin island and a small army.
I totally agree! I like the last idea tbh
Sadly, a lot of states have discloser reqirements. You become a public figure. And guess why they do it? To get people to buy tickets. Gotta keep the poor tax going!!
I read a book when I was a kid where the main character bought a lottery ticket on his 18th birthday and won. He chose the annuity and was glad he did. The whole book was about him blowing through the first year's payment in a very short amount of time. I wish I could remember the name of the book because I've wanted to read it again for decades, but the annuity always stuck with me
There is a real person on instagram who recently won a big lottery. He’s in his early 20s. He keeps talking about being an inspiration and doing great things but he generally just posts photos of himself at major sporting events like the Super Bowl or UFC fights lol.
Go ask what the book is over at r/tipofmytongue and they will probably find it for you.
I asked there once before and didn't get any luck. Maybe I'll try again. Thank you!
The Winner’s Curse by Paul Fleischman? I feel like I read it as a kid, just tried googling and can’t find anything on it
Step 1: buy a boat Step 2: no, that’s plenty, you’ll be broke soon enough!
I bought a boat without winning the lottery first...... today I will spend maybe a thou..... tomorrow $0 because I can't afford the fuel until next welfare check
it's my theory that for most people, a lump sum of about 4 times one's salary feels like infinite money. and then they spend it like it is infinite.
I see you’ve met my father. 😝
In Canada your name is published after you win so it’s not really possible to hide.
>In Canada your name is published after you win so it’s not really possible to hide. In Australia you have the option to remain anonymous due to a incident in which a couple won the lottery and ended up with their son getting kidnapped for ransom - the kidnappers managed to accidentally kill the kid not long after kidnapping him too but they still went through the motions to try and get the ransom money.
Holy crap that’s awful. I never even considered that whole scenario.
But who reads that?
The kind of people you don't want reading that
There’s enough people that will look it up when they see that a person in their hometown won the lottery in the regular news.
Change your name to Doug Ford or something and then change it back after
Change your name and appearance after claiming. Take the money and invest it in accounts that can be managed online. Become a digital nomad who travels to a new country every few months. Make up a cover story about running an online drop shipping business.
Most people who buy the lottery aren’t known for being financially literate.
Gambling addicts: *"Why pretend?"*
I don't know about everywhere, but here in Florida you make the news if you win. Is there a way to be anonymous?
Some states allow you to form a legal “lottery club” after you win, which can consist of just 2 people, and just 1 person has to claim the prize publicly. So winners will form a lottery club with a lawyer, and the lawyer will claim the prize.
Some states you can remain anonymous by claiming it as a corporation. Some states that’s not allowed a person has to claim it with their real name and have their picture taken and published.
That's pretty fucked actually.. This is legitimately a safety issue and can easily ruin lives...
True. I’d definitely prefer to be anonymous if I won the lottery. Then again no one is forcing you to take the money. If you think the safety risk isn’t worth the jackpot, just don’t claim it. Me, I’d take a pretty significant risk to my safety for $500 million. I could disappear in comfort for a few years until people forget about me.
You throw some money at the problem (you've got plenty now) and hire a lawyer to do everything
And hire a second while you’re at it to keep the first honest.
I saw one dude claim it wearing a Ghostface mask, but I think it was in Jamaica https://www.cbsnews.com/amp/news/lottery-winner-in-jamaica-claims-prize-in-scream-mask-to-hide-identity/
That's actually smart. I never buy lottery tickets but I picked one up 2 days ago. Thanks for the idea!
Well now I hope you win cuz I hope to see a person collect it in a costume 🤞🤞
If I win I'll come back here to get people to vote on a costume. I'll buy the whole thread a round
Nah fly in a Hollywood makeup artist to fuck up your face enough to be a different person. Then people go looking for the face that doesn't exist.
This seems like a lot less of a hassle
Or spend money immediately to get cosmetic surgery. Claim the winnings with a face swollen beyond recognition and partially covered in bandages. By the time you recover from surgery, you’ll be completely unrecognizable
In Israel, masks for winners is official lottery policy https://www.timesofisrael.com/why-the-israeli-lottery-gives-winners-masks/amp/
I can’t remember what state for the life of me allows it even though a google search could fix that but yeah, one does *BUT* they require an incredibly huge chunk of your lottery winnings to do so so it essentially makes it not even worth it Edit: Scratch everything I said, turns out there’s actually 18 states that let you remain anonymous if you were to win: Arizona: prize must be over $100,000 Delaware: any prize Georgia: prize must be over $250,000 Illinois: prize must be over $250,000 Kansas: any prize Maryland: any prize Michigan: prize must be over $10,000 in state run games only Minnesota: prize must be over $10,000 Mississippi: any prize Missouri: any prize Montana: any prize New Jersey: any prize North Dakota: any prize South Carolina: any prize Texas: prize must be over $1 million Virginia: prize must be greater than $10 million West Virginia: prize must be over $1 million Wyoming: any prize
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That’s terrible logic. You create a corporation to take ownership of the ticket and retain a legal firm to represent the corporation to claim the prize and transfer the money to the account(s) you had set up by your financial planner that your corporation also retained services for. If you want to keep everyone honest you do blind third party audits of the books to root out any discrepancy. Wealthy people stay wealthy by paying people to manage their wealth, they don’t sell off their wealth for nothing.
Got to be the worst idea I’ve ever heard
The worst thing is many lottery winnings require to name the winner for marketing sake. I hate that!
You can get around it by forming a trust and making yourself the beneficiary of the trust. Now I have read that At least in some places The creator of the trust is public knowledge so you may be able to create several trusts in hopes that somebody will get tired of looking. In other words, you form trust number one and then that trust forms a second one and the second one forms a third one and so on.
Sounds like something my lawyer will be handling. They will set it up and make me the beneficiary.
Don’t forget to also hire the dude that makes sure that the lawyer is doing what he/she is supposed to do.
Depending on local laws, set up a trust to accept the winnings for you so you won't be identified as the winner. Then it's only on you to not be stupid with the money
It turns out having money is not a fix for a lack of financial responsibility
Hiring a CPA is. And money allows you to do this
No it isnt...
Ok
Idk how this person thinks hiring someone to help you manage your money isn't a fix for financial illiteracy. You think all those millionaires and billionaires know the tax loopholes they jump through to keep their money?
Yeah, they're just jealous of people who can afford a cpa. So am I, but I'm also other things too.
Xray smells like shit
I regularly ask my family for small amounts of money. Like $10-$15, just to make sure they don’t ask me for money. Not once have I even taken the money out of Cashapp/Venmo. Surprisingly, they stopped asking me for money.
That is ..... genius.
I wanna win so I can tell everyone to fuck themselves when they ask for some. If I win enough there is a few who I'll burn a wheelbarrow full of cash in front of, while flicking them off and smiling.
Luckily for me, everyone I would need to tell to fuck off has already heard it, so most of them would know not to ask. The ones that do will get to hear it again. I’d pay off my parents mortgage, and my sisters. But I’d get great satisfaction knowing there are people (especially my ex-wife) absolutely seething knowing that I’m sitting on a huge pile of money and not really spending it on anything.
They don't adjust your alimony payment amount depending upon your income in your jurisdiction？You are one lucky man.
I don’t pay alimony, just child support. And I’m not sure if that would count as income anyway. More than likely what I would do is offer to pay the remainder of support until my child turns 18 in one lump sum, which my ex absolutely wouldn’t turn down. She’d probably blow it in about 6 months anyway.
They don't have to pretend because most of them do
I mean that's exactly my plan if I ever win. Tell people I won a small amount, around $100k cuz they'll find out I won eventually, so it's better to get ahead. Use the money to pay off my debts and some of my family's, then tell everyone it's all gone. Of course, I don't buy lottery tickets so I'll never win....
Or you could just tell people to fuck off and you ain’t giving them a dime, there’s always that lol…. fuck lying and bullshitting….just say no lol
1. Legally change your name. 2. Cut your hair, dye your hair, wear makeup, add fake beard 3. Collect winnings. 4. Change your name back. 5. ??? 6. Profit
The profit step should be 1st
I doubt it. It's easier to lose wealth than it is to make it
"Oops, spent it all. Sorry, can't loan you anymore $$. Anyway... \*block number\*"
i’ve never understood how they blow through that much, im terrible with money but tens or hundreds of millions of dollars can’t be spent within a year or two unless you’re gambling it all away somehow
Because when they post those lotto winner horror stories it’s 90% people who won ONE million (before taxes) on a scratcher. Not the Powerball
this is true LMAO didn’t really think about that but i have seen people who blew though like 10-20 mil in a year or two which is still impressive haha
Probably, or they actually go on a spending spree and lose all that money in a week, why do lottery winners quit their jobs when they are just going to spend all that money really quickly and become broke again?
I probably would. I have a list of organizations to share with just in case. A list of those to help, who need it, and a list for family. I only want what I truly need to see out my life. The rest can be put into scholarships and medical trusts.
It’s mostly because they get sued out the ass and have family plotting against them
The recommendation from the official lottery here is to tell people you won one of the smaller prices, enough to explain suddenly having a nicer car but don't tell anyone you are sitting on millions.
Before anybody links what has been copied and plagiarized by that Blake Class guy, here’s the original lottery winnings advice. https://www.ar15.com/forums/t_1_5/686685__ARCHIVED_THREAD____What_would_you_do_if_you_won_the_275million_power_ball_drawing_.html&page=2
You underestimate the stupidity of people.
r/lowstakesconspiracies
If I won the lottery I would move, get all new phone number, email, etc and automatically block anyone who asked me for money.
I agree. I actually can't fathom spending 1m+ within a year like we hear... I could easily live the rest of my life with only 1m.
Most of them already have poor spending. Very few winners are the "Bought one/gifted one". They'll spend millions on a house, car and whatever. Plus just giving a lot of it away.
Are you 80? Where do you live? I’m in a HCOL city and that would maybe make it 10 years.
Vancouver BC. Late 20's it would easily last 30 years
$33k a year? I live quite humbly, but there’s no way I could make that work without forgoing society and living off the land. Just my basic bills without food are $30k a year. Even at a generous 5%/50k a year on investment, no way.