Powerball

[finch1750]

Originally Posted by G-awesome

I wouldn't work 40hrs a week either haha I like your idea of apprenticing part time with a local tuner shop though. I'd probably won't use their shop since I'll have my dream garage in the comforts on own home with a lift, corghi wheel machine and all the tools I need! Do free work for my family and friends or let them use it. One can dream...

I'd probably split the time between that and volunteering. Maybe dabble around a few dream jobs that I always wanted to try. I'd been known as the rich millionaire who works for free.

too me a shop at home that people would want to use is an easy way to get sued by a "friend" or more likely a friend of a friend that "gets hurt"

I manage a government building and worked for the courts before. Spend too much time with lawyers to not be that paranoid about shit like that.

[Dadhawk]

Originally Posted by strat61caster

I'd gladly take the old U.S. top tier tax rate of 90% back in the fifties over living in a true small government country like Somalia. Especially since back then in the U.S. minimum wage could actually put a roof over your head, food in your belly and leave you with a decent amount of leisure time to boot...

Nope can't disagree with you.

My motto, Good ol' USA, absolute worse place to live on earth, well except for everywhere else!

As far as college, well, I have been cashflowing that for the past 9 years for 3 sons so here's my take on it.

You can go to an in-state University in Georgia for right at $15,000 a year. That includes Room, Board, Tuition and fees. If your grades in High School were good enough to qualify for the Hope Scholarship, that knocks about $2,000 a semester off that, so we are down to $11,000 a year.

You could also live at home and cut about $4,800 a year off that cost just for room, with some trade-off for transportation of course.

My youngest works at Publix grocery stores, and makes around $10 an hour. He could work 40 hours a week during the summer and 10 hours during the week during the school year and cash flow college + living expenses by himself.

No, he wouldn't have a new car, or the latest phone, or Spring Break trips (and he doesn't have that anyway) but it can be done.

So, if you want to go to school, and are willing to work, you can still cash flow college even without financial assistance and come out the back end with no college debt, its all about choices along the way.

[Tcoat]

Originally Posted by G-awesome

I wouldn't work 40hrs a week either haha I like your idea of apprenticing part time with a local tuner shop though. I'd probably won't use their shop since I'll have my dream garage in the comforts on own home with a lift, corghi wheel machine and all the tools I need! Do free work for my family and friends or let them use it. One can dream...

I'd probably split the time between that and volunteering. Maybe dabble around a few dream jobs that I always wanted to try. I'd been known as the rich millionaire who works for free.

Dude in this scenario you have 100s of millions of dollars not a $10k scratch and win. You are thinking way to small scale and on a "budget" here. You don't apprentice at some shop. You build the sweetest shop in world history and you hire the top engineers and master techs in the world to come and teach you. You use Ferraris for practice and if you ruin one you throw it in the scrap bin out back and take another off the shelf.

[Tcoat]

Originally Posted by strat61caster

Guess

I'd gladly take the old U.S. top tier tax rate of 90% back in the fifties over living in a true small government country like Somalia. Especially since back then in the U.S. minimum wage could actually put a roof over your head, food in your belly and leave you with a decent amount of leisure time to boot.

My uncle always talks about how he lived in a garage for $50/month while going to college, back then you could work a minimum wage job for 3 months (i.e. a summer at McDonalds 40hrs a week) and have enough money to study full time the rest of the year at a respectable public university.

Not how it ever was here. Minimum wage was always exactly that minimum. In fact there were whole decades that went by where it didn't even keep up with the cost of living. If you can't get by on it now you would not have been able to get by on it then either. The US had a big upsurge for a couple of decades where it was higher (then the bottom dropped out of it). We never got that here.

[strat61caster]

Originally Posted by Dadhawk

You can go to an in-state University in Georgia for right at $15,000 a year. That includes Room, Board, Tuition and fees. If your grades in High School were good enough to qualify for the Hope Scholarship, that knocks about $2,000 a semester off that, so we are down to $11,000 a year.

Damn, UC was up to $5k/quarter when I left, that's $15k just to enroll for an academic year, I was on $800 a month and living pretty happy, probably could have pulled off just under $500/mo with some effort, I couldn't get an in state degree from a Univeristy of California for less than $20k/year and closer to $30k/year in more expensive areas, and it's only gotten more expensive since. Other state schools would have been cheaper but not by a ton.

Good on your son, no grocery store or fast food joint would hire me

[G-awesome]

Originally Posted by finch1750

too me a shop at home that people would want to use is an easy way to get sued by a "friend" or more likely a friend of a friend that "gets hurt"

I manage a government building and worked for the courts before. Spend too much time with lawyers to not be that paranoid about shit like that.

Guess I'll have to keep that in mind if I ever become rich enough to build a garage. :P

Originally Posted by Tcoat

Dude in this scenario you have 100s of millions of dollars not a $10k scratch and win. You are thinking way to small scale and on a "budget" here. You don't apprentice at some shop. You build the sweetest shop in world history and you hire the top engineers and master techs in the world to come and teach you. You use Ferraris for practice and if you ruin one you throw it in the scrap bin out back and take another off the shelf.

Ok you convinced me Tcoat. Gonna build a garage for F1/Indy/NASCAR devleopment, a test track and put together an all star F1 racing team.....in my backyard. Might as well put a horse racing team for the kentucky derby while I'm at it! Time to dream like a son of an oil-rich arab sheikh!

[Tcoat]

Originally Posted by G-awesome

Guess I'll have to keep that in mind if I ever become rich enough to build a garage. :P



Ok you convinced me Tcoat. Gonna build a garage for F1/Indy/NASCAR devleopment, a test track and put together an all star F1 racing team.....in my backyard. Might as well put a horse racing team for the kentucky derby while I'm at it! Time to dream like a son of an oil-rich arab sheikh!

Now you get the idea!

[strat61caster]

Originally Posted by G-awesome

Ok you convinced me Tcoat. Gonna build a garage for F1/Indy/NASCAR devleopment, a test track and put together an all star F1 racing team.....in my backyard. Might as well put a horse racing team for the kentucky derby while I'm at it! Time to dream like a son of an oil-rich arab sheikh!

It would run you about $20mil to field a Sprint Cup Car for a year and make every race and run midpack I think. You could do it in style for for the next 50 years with a billion in startup money. Not sure about Indy costs but given how spec the engines and aero are I doubt it's significantly more expensive.

Doing both with F1 might be a problem though, you might be able to run all three teams for about 5 years but if you're not successful you'd probably run out of cash pretty quick.

It's not the 70's anymore, doubt we'll see another Hesketh racing team.

[ame="https://www.youtube.com/watch?v=EY2Bjo9Hfu4"]Hesketh Racing and Alexander Hesketh (When Playboys Ruled the World) - YouTube[/ame]


We'll see how Haas does, he's in a position to dump several hundreds of millions of dollars into his endeavor, if he even scores a point within the next three years it'll be a massive success compared to every other upstart in the last 15 years.

[Locust]

Originally Posted by Tcoat

I cry BS to those "I would keep working cuz' I would get bored" guys. If you can not find enough to do with that sort of money then working ain't gonna fix it.

I would keep working in that I would start my own businesses. Once they're up and running they can be passed off but it's not enough just to have the money. It needs to sustain, too.

To those of you saying you'd buy a Formula 1 car I think you drastically underestimate the cost of running one of those things. You would last 4 seasons and then be dirt poor.

http://www.f1-grandprix.com/?p=23009

[Dadhawk]

Originally Posted by strat61caster

Damn, UC was up to $5k/quarter when I left, that's $15k just to enroll for an academic year,...

Well, #LivingTheCaliforniaDreamWorldProblems for the most part. The ratio of GA to CA tuition seems not as bad as the price of everything else. The house I live in (at least based on what you see in reality real estate shows) in California would be in the $1.5M range or more. I paid about 20% of that.

Early in my career I had the opportunity to move to Sausalito to work for a start-up headed by an ex-boss. I love the Bay area but one week of house hunting made us realize it was not the place we wanted to live, just visit.

[Tcoat]

Originally Posted by Locust

I would keep working in that I would start my own businesses. Once they're up and running they can be passed off but it's not enough just to have the money. It needs to sustain, too.

To those of you saying you'd buy a Formula 1 car I think you drastically underestimate the cost of running one of those things. You would last 4 seasons and then be dirt poor.

http://www.f1-grandprix.com/?p=23009

I repeat the winnings would be in the hundreds of millions. Unless the business is pure hobby you will not need to tend it during the lean start up years.
These are dream dollars here not start up a small business capitol.

[Locust]

Originally Posted by Tcoat

I repeat the winnings would be in the hundreds of millions. Unless the business is pure hobby you will not need to tend it during the lean start up years.
These are dream dollars here not start up a small business capitol.

And I repeat I would start several businesses because I know what it takes to continue to build on wealth rather than just sustain it.

I'm well aware of how much the winnings are as well as exactly what I would spend it on.

Also you can't just throw money at a startup and expect it to be successful. You have to be there working on things from the ground up and part of enjoying life and enjoying your money is building something that you can be proud of.

Did you ever think that maybe there's more to life than just living comfortably and dying? What if I want to build businesses that will last for decades or centuries? https://25catholicmormon26.files.wor...-1920x1080.jpg

[nyrip]

I didn't win... It's ok. I would have blown it all on hookers and cocaine. Went out Charlie sheen style

[MisterSheep]

I myself bought $10 worth, my GF bought $10 worth. And we all pitched in with some of the crew at work for a total of $500 worth at work. None of my personal ones won and I haven't checked with work yet.