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Won 225,000 in iowa lottery and just recieved my payout of 157,000

 
Lucky single father
User ID: 79785301
United States
01/02/2021 03:17 PM
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Won 225,000 in iowa lottery and just recieved my payout of 157,000
I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers?
fromthefuture

User ID: 64079963
United States
01/02/2021 03:18 PM

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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
You can now afford an account upgrade, congrats. banana2
“The future ain’t what it used to be.” Yogi Berra

Vote for Trump y'all
RedRuss

User ID: 79804554
United States
01/02/2021 03:18 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Im in Des Moines.. lets be friends
Anonymous Coward
User ID: 8498338
United States
01/02/2021 03:19 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
If your a republican I'm sure Trump would tell you to invest it in our country by sending it to him
Anonymous Coward
User ID: 78859078
United States
01/02/2021 03:19 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
The best thing you can do is stop gambling NOW quit while your ahead and never gamble again.
RedRuss

User ID: 79804554
United States
01/02/2021 03:19 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Bitcoin is still a good buy.. buy 2 coins
nutmeg

User ID: 76388104
United States
01/02/2021 03:21 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers?
 Quoting: Lucky single father 79785301


Congratulations!
nutmeg

User ID: 76388104
United States
01/02/2021 03:21 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
If your a republican I'm sure Trump would tell you to invest it in our country by sending it to him
 Quoting: Anonymous Coward 8498338


What a stupid comment.
Anonymous Coward
User ID: 76841311
United States
01/02/2021 03:22 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Spend some time researching investments. Shoot for 6-8% interest a year which should give ya $8,000 to 12,000 annually. Or put 100,000 into an account like that and speculate on something else with the remaining money. Hell put 3,000 into crypto and see if you can turn it into more money (I turned 3,000 into 75,000 this year) and put the rest away in sound investments. Or pay off your house or start a business. Lots of options, just play it safe
Anonymous Coward
User ID: 21434672
United States
01/02/2021 03:22 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Do they still have those accounts that can only be used for child's education? They could only be used as such. Put 20 grand in each.

Buy a plot of land somewhere for 60k

Put some in ammo/gun, liquor or water filtration systems/parts stocks.

Put some in account you can grab quickly.

Keep 5-10 grand cash at home.

Put some in annuity.
Anonymous Coward
User ID: 79781387
United States
01/02/2021 03:23 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers?
 Quoting: Lucky single father 79785301


You want to invest in your kids future? The best advice I can give you is to use it to buy property out in the country. That way you will have a nice piece of land to raise your kids on and when you die you will be able to pass it on.

And if the shit hits the fan you will have some land to grow your own food so your kids don't starve.
canalien*

User ID: 79389458
Canada
01/02/2021 03:23 PM

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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Congratulations
That’s the way to start a new year .
Anonymous Coward
User ID: 79341684
United States
01/02/2021 03:23 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Get some silver and gold and a little crypto. Buy a gun if you dont have one and some ammo. Stock up on some rice and beans and water filtration system like a Berkey.
Anonymous Coward
User ID: 79843287
01/02/2021 03:23 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Bitcoin is still a good buy.. buy 2 coins
 Quoting: RedRuss


THIS.

Buy at least 1 whole BTC.


I'll bump this in 5 years to congratulate you on being a millionaire.
SLC

User ID: 73547483
United States
01/02/2021 03:24 PM

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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Do they still have those accounts that can only be used for child's education? They could only be used as such. Put 20 grand in each.

Buy a plot of land somewhere for 60k

Put some in ammo/gun, liquor or water filtration systems/parts stocks.

Put some in account you can grab quickly.

Keep 5-10 grand cash at home.

Put some in annuity.
 Quoting: Anonymous Coward 21434672



*This*

...and I'd buy a little silver & gold.
I'd rather go down the river with seven studs than with a hundred shitheads. -Colonel Charlie Beckwith
Anonymous Coward
User ID: 77016676
United States
01/02/2021 03:24 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Buy .999 silver

Congratulations
T-Man
Entitled title

User ID: 78270630
Netherlands
01/02/2021 03:25 PM

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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
CRYPTO TIME BABY!

5a

Anyway congrats and dont rush in to spending it.
take some time first to not do anything with it

Last Edited by T-Man on 01/02/2021 03:26 PM
Larry D. Croc

User ID: 70736097
United States
01/02/2021 03:26 PM

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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers?
 Quoting: Lucky single father 79785301



If it were me I'd find a "fee only" fiduciary. Means they get a percentage of what's invested and do NOT get paid commission to sell you things.

Again, if it were me I'd set aside 10% as "what the hell, I can do what I want with this". Pay off any credit card or car loans. Figure your monthly expenses and stash 6 months of those expenses in an immediately accessible account.

Take 5% and buy actual physical silver as a hedge against inflation.

Invest the rest.

Congrats, nice way to start the new year.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan
President Elect dodger007

User ID: 77690112
United States
01/02/2021 03:27 PM

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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers?
 Quoting: Lucky single father 79785301


Real estate
Buy good attractive home or duplex
Right there in your city or town, that you can manage
Invest in sound rental ( look for a good school district)
Get a 30 yr mortgage ...but pay an extra payment per year toward principle and knock the loan down to 15 years...it will be paid off when your kids go to college or need money to start a business or buy a home

Last Edited by Dodger007 on 01/02/2021 03:27 PM
You can count on America to do the right thing after exhausting every other alternative."
Winston Churchill
digitaldetective

User ID: 79759821
United States
01/02/2021 03:27 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers?
 Quoting: Lucky single father 79785301


Buy a house.
digitaldetective
digitaldetective

User ID: 79759821
United States
01/02/2021 03:29 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Get some silver and gold and a little crypto. Buy a gun if you dont have one and some ammo. Stock up on some rice and beans and water filtration system like a Berkey.
 Quoting: President Elect Johnny Cash


You can't buy Berkeys in Iowa. They aren't even allowed to ship them to Iowa.
digitaldetective
Anonymous Coward
User ID: 78347381
United States
01/02/2021 03:30 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
uhh, effing hold onto to it, until you see what this next year will bring.

every response was to spend, no wonder Americans in debt
Dogfood™

User ID: 79824634
United States
01/02/2021 03:32 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
your blessed, god loves you

just be happy you don't live in a world of shit like me

hf

Last Edited by Dogfood™ on 01/02/2021 03:32 PM
Anonymous Coward
User ID: 79843667
United States
01/02/2021 03:36 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Sell everything

Go off the grid in the wilderness

At least then your kids may survive to have a future
truthbomb77

User ID: 64899572
United States
01/02/2021 03:42 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
I'd start 529 plans for the kids college expenses. Put the money in index funds and dividend paying stocks and watch it grow.
Anonymous Coward
User ID: 79724200
United States
01/02/2021 03:46 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
give it all to trump now
Anonymous Coward
User ID: 77210388
United States
01/02/2021 03:48 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Can u married me ? Even thou I am a man 👨
UrMomsD1ld0

User ID: 72392496
United States
01/02/2021 03:50 PM

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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
so 68000 in taxes what a joke
Anonymous Coward
User ID: 79843793
Ireland
01/02/2021 03:51 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
You can now afford an account upgrade, congrats. banana2
 Quoting: fromthefuture


why pay for what is free?
Anonymous Coward
User ID: 75958720
Canada
01/02/2021 03:51 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Congrats man
Anonymous Coward
User ID: 79843353
Australia
01/02/2021 03:52 PM
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Re: Won 225,000 in iowa lottery and just recieved my payout of 157,000
Thats enough to build a rather comfy off grid bunker.

You have about 7 weeks now to get it done.

Better get crackin.





GLP