[geeks] Lottery (was informal survey)

[geeks at sunhelp.org]

Ken Hansen wrote:


> See below...


Below what? ;)



> > Nah, it's the fun of winning. 
>
> The mantra of nearly all "slot players" - the bread and butter of the Casino
> industry...


Yep, and if they had any locally, I might put a dollar in a slot machine
every now and again. Maybe.



> That's fine -no argument here, and informed choice is fine, and I was just
> supplying information to help you (and others) make the decison...


Of course. No offense taken, and none intended.



> > Besides, the year I won just happened to be one in which I had no
> > reported income other than the lottery winnings, so no taxes! :)
> 
> Hardly an ideal situation for you, but that's nice...


T'wasn't a bad thing. I had a contract the year before that paid enough
that I didn't have to work for a while, so I didn't. I'm no workaholic,
I'll take all the time off I can get. :)



> That would be $70M over 20 years, aprox. $35M in one lump sum, then subtract
> 40-50% taxes, and you are down to about $20M - not complaining, just


Yep. Plenty enough to put me on the retirement train.


> explaining. A few years ago, I decided that $11M was my stop-working
> number - once I hit $11 Million "in the bank" (not over-valued tech stock


My number's much lower. When I can invest enough to return $150K/yr, I'm
out of the job market. Realistically, that could be as little as $3M,
even at very conservative return rates.


> ;^), I stop working and live "La Vita Woz" (live where I like, teach young
> kids, etc...).



Ah, see, I'd live where I do, and teach *my* kids. I don't need a
weekend apartment on the Riviera. Jerusalem would be nice...


---sambo