šŸ“Ø To PCH, or not to PCH?

Ah, okay, then. Not really up-to-speed on British cinema.

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Find this guy, learn at his feet.

https://www.npr.org/2016/01/10/462555691/how-220m-changed-a-lottery-winner

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Buy ten high-end mountain bikes. Got it.

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I’ve done that twice, for at least parts of it, although it was so long ago that I can’t remember which parts, exactly.

The first time, I was probably pretty high for much of it, and while I definitely enjoyed the scenery, I don’t think I ever really quite grokked that it was kind of a big deal, so to speak.

The second time, I had different expectations and paid more attention to my surroundings, but that was partly because I kept seeing these street signs, but I didn’t know what they meant, and every time I asked my traveling companions about them, it would turn out that they hadn’t seen them and were skeptical of my account of said signs.

I also almost struck a person pedaling some sort of reclining tricycle on one of those twisty little coastal roads, and even though I was only driving about 25 MPH, the adrenaline rush from almost, but not quite, accidentally killing someone was quite invigorating.

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Also, re: the OP.

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Also read this advice that Mark Cuban has for lottery winners

Mark Cuban’s Lottery Advice

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Pretty straightforward and awesome starting points there.

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Yep. It is good advice.

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Yes, exactly that. Just like a normal cyclist, but harder to see. :face_with_raised_eyebrow:

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There’s been some bad situations around that. There was one lottery winner who turned his little hometown church into a megachurch with his donations and then it was just a total shitshow, so I think all of those kinds of things have to be really considered to make sure that whoever receives your generosity is capable of handling it.

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I’d first set aside enough in index funds and bonds that I could live off the return indefinitely (4% rule), regardless of work. Having that security would be the best part of winning.

Then I’d look for a house to buy. It’s not easy - I don’t want a big mcmansion out in suburbia, rather have a small house on the bus line, but most of those are old and run-down. But with the security net, I could spend some time to find the right place. Then I’d have a place to live, regardless of rent.

With that security, I think I might take a sabbatical and go stay at a Buddhist monastery for awhile to get some perspective. Immerse in the sort of things that we don’t have time for in modern life.

After that, I’d probably go back to work with a lot less stress and working fewer hours, able to really enjoy doing what I want, because it’s no longer what I have to do or else. Even though I’d be doing the same thing, it’d cast it in a new light.

Of course, there’s always a chance that the reality wouldn’t be so ideal and I might spaz out and fall victim to the lottery curse. But for a few million dollars, I’m willing to take that chance. :wink:

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