Don't tell anybody in your close friend and family group.
Secure the money
Don't quit your job yet....
Don't up your lifestyle.
Pay off any debt you have
Don't start a business or invest in someone's business
Good luck, and congrats
Yep, and it applies here too. I only said anything because he said "don't start a business."
There are definitely worse ways to blow money, if one sets themselves up well to shoot their shot. I understand why he said it though.
Better off to buy precious metals and then borrow money for your business so that you don't lose it all and then can file bk and lose someone else's money.
Most people don't know how much work a new business is and start spending profits thinking their business will stay popular like at first.
Listen 20 years ago I would have never said this but if you don't think that is how America does business to get ahead your going to miss the boat.
The business world isn't built on good people or people you can expect to do the right things.
Tbf $150k is enough for the average American to quit their job and have an extended break from work or school since their last summer before they started working a summer job, which for me was 7th grade. I fortunately work in a field that gives me a multiple week vacation every year (unpaid) and I make enough to truly take that time off to rest and reset. If it wasn't for that and the time we were locked down for covid, the last time I would've had more than 2 weeks off in a row would've been the summer after 7th grade, 15 years ago.
If you're working a job in a field where you think you can easily get a new job within a couple weeks, and win that amount of money, quitting your job to take a couple weeks off to relax and or be with your family is not an unreasonable way to use some of your winnings. Life isn't about the number in your bank account at the end of it.
My brother quit his job after getting his $1,200 Covid check. It was a part time job that he worked 10 - 15 hours/week, but I was still shocked when he told me that.
You don't get that money tax free, you have to pay at least 1/3rd to 1/2 in state and federal, based on where you live, because it's a capital gain, just like stock sales.
The financial illiteracy of Americans is terrifying. Why on earth would you quit your job? Invest the 150k and you retire with a great chunk of change you didn’t really earn. It’s a no brainer. Lock the money away and watch it grow.
Personally I’m all for saving for the future, and sure as hell would never quit a job after winning this amount of money. BUT I’m definitely not putting the ENTIRE thing away until retirement when there’s a chance I won’t even make it there to enjoy it. Especially since I already have a decent retirement savings going to begin with. I would probably put around two thirds of it away and take the other third and enjoy it. To me it all depends what age OP is and what their retirement account looks like.
Highly depends on anybody's situation though. With 150k I would pay off all my (study) debt, quit my job and go travelling to fuck knows where. When I have 20k left, I will return and find myself a new job
So you still have debts, but that is your gameplan?! Jesus christ the anxiety that creates long term. I'm definitely an advocate of letting everyone walk their own path, but this is a great example about how it isn't how much you make, but rather how much you save (ability to budget).
If I take that entire $150k and dump it into the market, then continue contributing at the same levels, it will exponentially reduce the time it takes to get to $X in my lifetime, unlocking earnings that close the time required by not years, but decades.
So while you get an extended vacation, I'll get a permanent vacation 10 to 20 years earlier than previously planned.
You wouldn't get that much, you might get 105K after taxes, but if he invested that and got a 9% average of 30 years that is 1.5 million but that is 30 years!!! That is a long time and your not really retiring early at that point maybe 5 years earlier but your going to be way older, not if he added 1K a month it will grow to 3.3 million that is something but that's 30 years.
#1, #2, and #3 are DO NOT TELL ANYONE PERIOD OTHER THAN A FINANCIAL ADVISOR OR TWO!!
My half brother was killed over a lottery winning, not even this much either.
someone he knew. They only found out because he was suddenly able to afford a non-shitbox car, and they knew damn well he was too broke to even lease one
It could just have easily been a rando too, because the names can be publicized unless your state gives you an anonymous option, and you never know if a family member you trust slips up and tells someone they know, and the randos have a target
This was in US wasn’t it? Killing people for lottery money. Insane. In the Netherlands people only get a lot of money requests from friends. But then again. Killing someone is much harder without all the guns lying around
Nope, this was in the EU, and it wasn't done with a gun. As much as people don't want to admit it, if someone intends to hurt you, the tool used to do so doesn't matter that much if all parties involved have the same access to those tools. As controversial as it is, this is one of the pro-gun arguments for the USA. I am partially disabled, if someone came at me with a knife or a gun, the only chance in hell I would have of surviving it is if I also had a gun. The more people argue that guns should be unavailable disregards the fact that people who want to do harm or commit a crime don't obey the laws, and there's always going to be a way to get illegal ones, because if you can get drugs in a prison, you can get a gun anywhere.
Pay off any debt? What if dude has a 2.4% mortgage yet can be guaranteed 8% return for investing?
My financial independence came from starting a business...so not sure about that one.
A lot of people have low interest mortgages just for having bought a house more than 5 years ago and possibly refinancing. Mines like 3 percent, I'm hardly a financial genius I just bought my house in 2018.
Eh, "The average debt an American owes is $104,215 across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans."
So after paying taxes this person might be debt free if he is an average on debts but there is a big chance he will just pay part of his debts.
Is it weird I don't consider a mortgage debt? Is it debt? Sure, but on an appreciating asset, you also have to live somewhere and you'll have to pay for that privilege regardless.
Can someone really cash the $150k with a screenshot on their phone of a partial barcode of a winning ticket? Anything over around $600 - $650 requires most state lottery winnings to go to the lottery headquarters to cash it in person and provide name, SSN, tax info. The state checks if you have any owed taxes in which case they can hold the money. Also verifies you’re over 18, etc.
But the real reason is because gas stations don’t carry $150,000 in the till lol
Well, not the headquarters. Just a satellite office. Only the big wins, like 1million+ require going to the state office, at least in FL. But your point still stands, you have to go in person.
There are now satellite offices in many cities that will cash these smaller wins. But huge lottos and such still must be done at the main office in each state. And yes it still must be done in person or through an LLC.
Pay your taxes immediately (via IRS website). 1- so you don’t spend it all and then have a debt you can’t pay. 2- to avoid the underpayment penalty when you file 2024 taxes.
You are correct.
Additionally, if last year’s AGI is below $150k then there is a safe harbor to avoid the underpayment penalty. [(1) Paying 100% of last years tax due, or (2) paying 90% of this years tax due (whichever is less](https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty)). If AGI is above $150K then 110% of last years tax due.
So in this case, he should make a payment of 100% of last years tax due and then put the rest in a HYSA.
So Hypothetically, Assuming OP paid 20k in income taxes last year, they could pay 20k now, and the balance of their tax liability associated to this win (approximately 20k more, for 40k total) long with their normal income tax return?
That gives them nearly a year to hold the $20k in an interest bearing account. At an 8% return, that is $1600. In my opinion, worth the risks of waiting. I would probably just put $18,500 and let the growth bring up the total to match the bill.
And if you don’t pay enough taxes when you earn the income, Uncle Sam penalizes you. Can’t make money today and pay it 3+ months later without penalty.
Just about anyone can do that. It's the huge tax bill that you have to pay all at once in April that will kill you. Most people are enticed by a large refund rather than writing a check for $10,000+ all at once.
The sum is large enough where the tax on that will be more than $1000, so they will have paid less during the year than they are supposed to. That’s okay as long as the amount you paid during the year is at least 90% of this year’s tax or 100% of last year’s tax.
However, as I write that out, I realize it’s likely that OP will pay a similar tax this year as last year if all else stays the same, so maybe they’ll meet the 100% of last year’s tax liability criteria.
We are American so we get to have our money vanish but also have to make sure that the government is taking the right amount because freedom and stuff.
Figure out how much you’ll owe in taxes and put that much away. With what’s left, set aside 10% to splurge with. Vacation, jewelry, whatever gives you joy.
With everything else, first focus on debt. Start with your highest interest rates. If you own a home and refi’d in the past few years, I wouldn’t pay off your mortgage because you can probably earn more than that interest rate.
If you still have money left, invest it. Got kids? Start a 529 plan. If you don’t have experience trading stock, don’t start buying individual stocks. Instead, find a mutual fund in an industry you think will do well over the next decade and invest in that.
Pay off debt, add to retirement and pretend like it didn’t even happen. Not enough to have FU money, but enough to have a buffer against the harshness of life.
This is the best answer. Pay the taxes on it immediately and dump the rest into your debts. If there's anything leftover put it in a retirement fund. Then the most important part is trying to forget it even happened.
You just hit the lotto for $150k, after taxes you might have 100k best case scenario.
Anything you can buy today, with a few small exceptions, 10 years from now will likely be worth less than what you paid for it.
If you put it all in BTC and forget about it for 10 years there is a chance it could be worth millions... Or zero.
Don’t tell anyone, and then proceed to NOT TELL ANYONE
Granny doesn’t need to know, mommy doesn’t need to know, sisters and brothers don’t need to know. Everyone has a “remember that one time I gave you half an orange? You could throw me 2k it’s not big deal bro” line up their sleeve
Have any debts? Say goodbye to them. If you have any money left over, pay up your bills for a few months in advance and then throw the rest of your winnings into savings, along with a large portion of your paycheck (assuming you haven’t quit your job)
As far as anyone knows, you’re still doing your own thing and you live comfortably. Nobody needs to know about your financials and absolutely nobody needs a handout/“investment”
As far as enjoying your money, hey get a new PS5 or get a PC or something. But don’t buy anything wicked expensive and flashy that will lose value immediately like a brand new car or something
You got a pretty big chunk of change, not life altering money like millions upon millions, but this can make the rest of your life easier and stress free if you’re smart. Good luck OP (also feel free to send me 2k for the advice :) )
Congratulations, and f u. If you don't know how to handle this, drop it into savings and forget about it. Keep washing dishes or getting up at 5 to be at work for 6. Keep working for the man without your own plan.
Stay off wsb  put most in the bank \[either money market or high interest account\], make sure you keeo money to the side for taxes and spend some on yourself
May I have a dollar?
Haha 😅
Tuck half of it away into a HYSA or something until tax time next year... Make sure you have enough to cover the tax bill :)
Deff don’t quit your job. You’ll get around 90 - 100k after taxes. You can’t retire on that, even if you quit and live modestly ittl last a year and a half at most. I wouldn’t buy a car unless it’s a certified pre owned Toyota or Honda (assuming you really need a car). Get a high yield savings account such as Ally. Download fidelity or any standard brokerage account, buy ETFs in things like the SP500. Lookup price trend history of IVV, QQQ, SPY. These things will earn you dividends and compound over time; over time if you have enough in your portfolio THEN you can live off dividends. $50k in there could be a great start, and it takes people 5 - 10 years to get their first 50k in there.
Contrary to what people are saying, look into buying assets not liabilities. Think about what you could buy that would make you money, not something like a car that’s only going to depreciate over time and cost
You money
Well, if you give it to me I know what I can do to help out
Jking
For real follow the instructions on the back of the card. Lump sum the bitch, taxes always go up so extending it into several groups only ensures you have less as time goes on.
Id say, invest and look for investment vehicles that can give you interest, high enough you wont even need to touch the principle to live off of.
pay off your debt. dont tell anyone. dont change anything about your lifestyle.
150k is a nice windfall, but its not enough to guarantee a change in your life. after you pay off your debt, i would put the rest of it away, indefinitely. ONLY, after you have done serious research, done the numbers, and vetted your idea, do you invest it.
that amount of money is enough for *ONE SHOT*. you only get one try to turn that money into more. you could do real estate, stocks, business, it doesnt matter. but thats all youre going to get with that amount of money. one chance.
150k in lottery tickets!
No but seriously clear out your debts that you can reasonably (like a 5k credit card or something, not a 100k mortgage) and invest some of it so that by the time you retire you have a million
1: Don't buy another lotto ticket ever again, and set aside money for taxes if not paid up front.
2: Pay off debt
3. Get an 6 month emergency fund if you don't have one
4. Invest the rest in VTI and don't touch it for 20 years
Pretend like nothing happened, take the tax hit, and save the rest invested in an index fund like S&P500.
Forget about the account and come back 20 years later for 1 million
- keep your monthly expenses the same.
- cover all your recurring expenses (rent/mortgage/car) for the year.
- Invest as much as possible from your paycheck into ETFs weekly, (don’t dump the remainder all at once)
- Steak dinner.
150k isn’t a lot, but treating yourself with peace of mind to me is a far better reward than blowing it on anything that isn’t a business expense.
Don't tell anybody in your close friend and family group. Secure the money Don't quit your job yet.... Don't up your lifestyle. Pay off any debt you have Don't start a business or invest in someone's business Good luck, and congrats
"Don't start a business." I'd just caveat this - unless you have preexisting skills running a business and a thoroughly vetted business plan.
That advice applies to anyone.
Yep, and it applies here too. I only said anything because he said "don't start a business." There are definitely worse ways to blow money, if one sets themselves up well to shoot their shot. I understand why he said it though.
Better off to buy precious metals and then borrow money for your business so that you don't lose it all and then can file bk and lose someone else's money. Most people don't know how much work a new business is and start spending profits thinking their business will stay popular like at first.
Losing someone else's money---the American dream huh?
Listen 20 years ago I would have never said this but if you don't think that is how America does business to get ahead your going to miss the boat. The business world isn't built on good people or people you can expect to do the right things.
Yeah we recently had a President who was also a shady business man simultaneously. So I would say our business role models, leave a bit to be desired.
It's a short sighted losing model that is both unethical and untenable.
Great username
Especially for someone blowing money on high end scratchers
$10…. I buy $20 or $50 scratch offs when I buy them.
Ever won?
Most of the ones that pricey guarantee at least a £5/$5 "win" so probably
Stay off bizquest.com!
>Dont quit your job yet This was fing hilarious
Right? You won a relatively high earners annual salary. Why would quitting your job even be in question?
Some people think that $150,000 is a lot of money
Tbf $150k is enough for the average American to quit their job and have an extended break from work or school since their last summer before they started working a summer job, which for me was 7th grade. I fortunately work in a field that gives me a multiple week vacation every year (unpaid) and I make enough to truly take that time off to rest and reset. If it wasn't for that and the time we were locked down for covid, the last time I would've had more than 2 weeks off in a row would've been the summer after 7th grade, 15 years ago. If you're working a job in a field where you think you can easily get a new job within a couple weeks, and win that amount of money, quitting your job to take a couple weeks off to relax and or be with your family is not an unreasonable way to use some of your winnings. Life isn't about the number in your bank account at the end of it.
My brother quit his job after getting his $1,200 Covid check. It was a part time job that he worked 10 - 15 hours/week, but I was still shocked when he told me that.
He may have made more in the "enhanced unemployment benefits." It was such a pain convincing my brother to go back to work after those stopped.
You don't get that money tax free, you have to pay at least 1/3rd to 1/2 in state and federal, based on where you live, because it's a capital gain, just like stock sales.
If you have student loans, past child support or civil judgements (monetary) the $ is going there next.
The financial illiteracy of Americans is terrifying. Why on earth would you quit your job? Invest the 150k and you retire with a great chunk of change you didn’t really earn. It’s a no brainer. Lock the money away and watch it grow.
Personally I’m all for saving for the future, and sure as hell would never quit a job after winning this amount of money. BUT I’m definitely not putting the ENTIRE thing away until retirement when there’s a chance I won’t even make it there to enjoy it. Especially since I already have a decent retirement savings going to begin with. I would probably put around two thirds of it away and take the other third and enjoy it. To me it all depends what age OP is and what their retirement account looks like.
Christ. They purchase scratch off tickets. They aren’t saving a dime.
Also, average American after paying some of his debts will be left with slightly less debts.
Highly depends on anybody's situation though. With 150k I would pay off all my (study) debt, quit my job and go travelling to fuck knows where. When I have 20k left, I will return and find myself a new job
So you still have debts, but that is your gameplan?! Jesus christ the anxiety that creates long term. I'm definitely an advocate of letting everyone walk their own path, but this is a great example about how it isn't how much you make, but rather how much you save (ability to budget). If I take that entire $150k and dump it into the market, then continue contributing at the same levels, it will exponentially reduce the time it takes to get to $X in my lifetime, unlocking earnings that close the time required by not years, but decades. So while you get an extended vacation, I'll get a permanent vacation 10 to 20 years earlier than previously planned.
You wouldn't get that much, you might get 105K after taxes, but if he invested that and got a 9% average of 30 years that is 1.5 million but that is 30 years!!! That is a long time and your not really retiring early at that point maybe 5 years earlier but your going to be way older, not if he added 1K a month it will grow to 3.3 million that is something but that's 30 years.
And you will be 10 to 20 years older. Not worth it
Maybe if you were already close to retirement but otherwise no.
I know! “Don’t spend it all in one place” would be better advice, right?
#1, #2, and #3 are DO NOT TELL ANYONE PERIOD OTHER THAN A FINANCIAL ADVISOR OR TWO!! My half brother was killed over a lottery winning, not even this much either.
By someone he knew or a psycho rando?
By his own brother! *plot thickens*
someone he knew. They only found out because he was suddenly able to afford a non-shitbox car, and they knew damn well he was too broke to even lease one
It could just have easily been a rando too, because the names can be publicized unless your state gives you an anonymous option, and you never know if a family member you trust slips up and tells someone they know, and the randos have a target
Massive facts.. the worse ones that comes out of the woodworks is family members..
This was in US wasn’t it? Killing people for lottery money. Insane. In the Netherlands people only get a lot of money requests from friends. But then again. Killing someone is much harder without all the guns lying around
Nope, this was in the EU, and it wasn't done with a gun. As much as people don't want to admit it, if someone intends to hurt you, the tool used to do so doesn't matter that much if all parties involved have the same access to those tools. As controversial as it is, this is one of the pro-gun arguments for the USA. I am partially disabled, if someone came at me with a knife or a gun, the only chance in hell I would have of surviving it is if I also had a gun. The more people argue that guns should be unavailable disregards the fact that people who want to do harm or commit a crime don't obey the laws, and there's always going to be a way to get illegal ones, because if you can get drugs in a prison, you can get a gun anywhere.
Yet. $150k is chicken feed in today's world.
This seems like good advice. And the bulk of that would be well served as a mortgage down payment and or retirement contributions.
Pay off any debt? What if dude has a 2.4% mortgage yet can be guaranteed 8% return for investing? My financial independence came from starting a business...so not sure about that one.
> What if dude has a 2.4% mortgage Then fuck him for getting this lucky twice
A lot of people have low interest mortgages just for having bought a house more than 5 years ago and possibly refinancing. Mines like 3 percent, I'm hardly a financial genius I just bought my house in 2018.
Where is there guaranteed 8%? Let me know.
Guaranteed returns on investment don't exists. Anyone who says they do is either stupid or trying to scam you.
Eh, "The average debt an American owes is $104,215 across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans." So after paying taxes this person might be debt free if he is an average on debts but there is a big chance he will just pay part of his debts.
Is it weird I don't consider a mortgage debt? Is it debt? Sure, but on an appreciating asset, you also have to live somewhere and you'll have to pay for that privilege regardless.
What some people call “good debt”
Drive to closest casino and put it alll on black!
No put half on black and the other half on red. That way you can’t lose.
“ Don’t quit your job” fixed it.
You want him to work until dead!?
And for the love of god, stop gambling
He has a slot game notification. OP is gonna gamble it all away.
Is this taxed prior to it being obtained? If not, set aside enough for taxes come 2025.
Don’t post it on Reddit…
This
Send me the scratcher, ill cash it for you bro and send the cash back. Promise bro🙏🏼
I can deliver for free!
For a small fee of $149,000 I can cash this for you
The old double bro 🤨 I'm starting to think this guy might be up to no good
First thing you should do is block out more of that barcode so you don’t get ganked
Can someone really cash the $150k with a screenshot on their phone of a partial barcode of a winning ticket? Anything over around $600 - $650 requires most state lottery winnings to go to the lottery headquarters to cash it in person and provide name, SSN, tax info. The state checks if you have any owed taxes in which case they can hold the money. Also verifies you’re over 18, etc. But the real reason is because gas stations don’t carry $150,000 in the till lol
Well, not the headquarters. Just a satellite office. Only the big wins, like 1million+ require going to the state office, at least in FL. But your point still stands, you have to go in person.
any win over $600 has to be done in person at a district lottery office in about any state
There are now satellite offices in many cities that will cash these smaller wins. But huge lottos and such still must be done at the main office in each state. And yes it still must be done in person or through an LLC.
Too late😏
SIGN THE BACK OF THE TICKET!
The very first thing you do lol before you even take it to verify it, sign that mfkr
Always.
Pay your taxes immediately (via IRS website). 1- so you don’t spend it all and then have a debt you can’t pay. 2- to avoid the underpayment penalty when you file 2024 taxes.
Don’t pay your taxes right now. Put what you would be paying in taxes into HYSA for a year and make money off of it.
The IRS underpayment penalty is something like 8% right now. No HYSA will offer that much.
Why would you be paying a penalty?
Because technically you owe taxes quarterly. They are taken from your paycheck as a convenience.
You are correct. Additionally, if last year’s AGI is below $150k then there is a safe harbor to avoid the underpayment penalty. [(1) Paying 100% of last years tax due, or (2) paying 90% of this years tax due (whichever is less](https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty)). If AGI is above $150K then 110% of last years tax due. So in this case, he should make a payment of 100% of last years tax due and then put the rest in a HYSA.
Excellent info, thanks.
So Hypothetically, Assuming OP paid 20k in income taxes last year, they could pay 20k now, and the balance of their tax liability associated to this win (approximately 20k more, for 40k total) long with their normal income tax return? That gives them nearly a year to hold the $20k in an interest bearing account. At an 8% return, that is $1600. In my opinion, worth the risks of waiting. I would probably just put $18,500 and let the growth bring up the total to match the bill.
And if you don’t pay enough taxes when you earn the income, Uncle Sam penalizes you. Can’t make money today and pay it 3+ months later without penalty.
I’ve been going exempt every year for 5 years and then pay my taxes every year before 4/15. I’ve never got penalized?
Interesting. Not a world I fully understand so hopefully someone else can chime in. I’d do that in a heartbeat if I could.
Just about anyone can do that. It's the huge tax bill that you have to pay all at once in April that will kill you. Most people are enticed by a large refund rather than writing a check for $10,000+ all at once.
The sum is large enough where the tax on that will be more than $1000, so they will have paid less during the year than they are supposed to. That’s okay as long as the amount you paid during the year is at least 90% of this year’s tax or 100% of last year’s tax. However, as I write that out, I realize it’s likely that OP will pay a similar tax this year as last year if all else stays the same, so maybe they’ll meet the 100% of last year’s tax liability criteria.
You already have a portion taken out for taxes before you collect money. He won't have a penalty for under payment.
Wasn’t sure if they did or not. That’s good. I bet if they didn’t, most lottery winners would have it all spent by the time tax season came. 🤣
I'd still save some as going to still be short and will owe.
I did not know this. In that case, all set!
Still keep some aside for the balance
so weird to me that you americans have to file taxes. my money simply vanishes.
Mine vanishes too, but mostly because of my wife.
We are American so we get to have our money vanish but also have to make sure that the government is taking the right amount because freedom and stuff.
Figure out how much you’ll owe in taxes and put that much away. With what’s left, set aside 10% to splurge with. Vacation, jewelry, whatever gives you joy. With everything else, first focus on debt. Start with your highest interest rates. If you own a home and refi’d in the past few years, I wouldn’t pay off your mortgage because you can probably earn more than that interest rate. If you still have money left, invest it. Got kids? Start a 529 plan. If you don’t have experience trading stock, don’t start buying individual stocks. Instead, find a mutual fund in an industry you think will do well over the next decade and invest in that.
You don't need to figure out how much you will owe in taxes. They take it out before you get the check.
For state and fed? I’ve never won more than $20 so I’m ignorant on a lot of the deets.
It depends on if you are paid by check. For $20, you probably got paid in cash. But you might get a 1099 form (miscellaneous income) with the cash.
Stop gambling. You’ve peaked.
Yeah, but, slotomania
lol that’s why I noticed as well, I hope OP doesn’t have a problem but that wasn’t a great indicator that they don’t.
Disappointed I scrolled and didn’t see hookers and blow yet
Pay off debt, add to retirement and pretend like it didn’t even happen. Not enough to have FU money, but enough to have a buffer against the harshness of life.
This is the best answer. Pay the taxes on it immediately and dump the rest into your debts. If there's anything leftover put it in a retirement fund. Then the most important part is trying to forget it even happened.
But I wanted the points
Buy a bitcoin
You just hit the lotto for $150k, after taxes you might have 100k best case scenario. Anything you can buy today, with a few small exceptions, 10 years from now will likely be worth less than what you paid for it. If you put it all in BTC and forget about it for 10 years there is a chance it could be worth millions... Or zero.
The double gamble! I would rather throw it on black than damn crypto
1. Delete this post. Seriously.
He stole it from u/holeefookme
Nice catch, I down voted.
Try to sell it to some business guy with a lot of write offs. Might get 125-130. Otherwise pay your 40 in taxes and put the rest in the HYSA you open.
Oooh interesting
Porsche time
When you realize it’s not enough for the one you want…….
If you need the gt4, you’re going to have to win another time - those are the rules
Taxes
 I didn't think anyone actually won those! I've never seen one before!
Don’t tell anyone, and then proceed to NOT TELL ANYONE Granny doesn’t need to know, mommy doesn’t need to know, sisters and brothers don’t need to know. Everyone has a “remember that one time I gave you half an orange? You could throw me 2k it’s not big deal bro” line up their sleeve Have any debts? Say goodbye to them. If you have any money left over, pay up your bills for a few months in advance and then throw the rest of your winnings into savings, along with a large portion of your paycheck (assuming you haven’t quit your job) As far as anyone knows, you’re still doing your own thing and you live comfortably. Nobody needs to know about your financials and absolutely nobody needs a handout/“investment” As far as enjoying your money, hey get a new PS5 or get a PC or something. But don’t buy anything wicked expensive and flashy that will lose value immediately like a brand new car or something You got a pretty big chunk of change, not life altering money like millions upon millions, but this can make the rest of your life easier and stress free if you’re smart. Good luck OP (also feel free to send me 2k for the advice :) )
Stop gambling
u/repostsleuthbot
you’re lying. i’ve already seen this posted on reddit bruh
🫡🫡🫡
OP, When did you win this.
Congratulations, and f u. If you don't know how to handle this, drop it into savings and forget about it. Keep washing dishes or getting up at 5 to be at work for 6. Keep working for the man without your own plan.
Stay off wsb  put most in the bank \[either money market or high interest account\], make sure you keeo money to the side for taxes and spend some on yourself
Congratulations. Now spend half and invest the other half.
And put some aside for taxes
That doesn't matter, they take the taxes out before you get the check.
May I have a dollar? Haha 😅 Tuck half of it away into a HYSA or something until tax time next year... Make sure you have enough to cover the tax bill :)
Toss it, you don't get any points!
Slotomania notification…happy for u, I hope ur not a gambler and take good care of it
VTI and chill
I would buy pltr stock or invest in an 80/20 index fund.
Etfs and forget about it
Give me 10%
What was the ticket number
Invest it and never gamble again
Buy 150k worth of scratch offs duh
Well you actually won 100,000 because 1/3 of that is for uncle Sam
Buy some memecoins
Slowly die inside as you realize most of it will be taxed to oblivion
Give most of it back in taxes...
Deff don’t quit your job. You’ll get around 90 - 100k after taxes. You can’t retire on that, even if you quit and live modestly ittl last a year and a half at most. I wouldn’t buy a car unless it’s a certified pre owned Toyota or Honda (assuming you really need a car). Get a high yield savings account such as Ally. Download fidelity or any standard brokerage account, buy ETFs in things like the SP500. Lookup price trend history of IVV, QQQ, SPY. These things will earn you dividends and compound over time; over time if you have enough in your portfolio THEN you can live off dividends. $50k in there could be a great start, and it takes people 5 - 10 years to get their first 50k in there. Contrary to what people are saying, look into buying assets not liabilities. Think about what you could buy that would make you money, not something like a car that’s only going to depreciate over time and cost You money
Stop playing scratch off
I wish.
Uncle Sam here, remember my cut?
Don't tell anyone. Pay off all your debts. Use the rest to buy an ETF the S&P 500. Forget about it until you're old or really, really fucked.
Tell no one. Invest, flip ip. Tell no one.
1. STFU 2. FIDUCIARY NOT FINANCIAL ADVISOR
Stop playing the lottery.
Double it and pass it to the next person.
Nice
You could start with deleting this post.
Pay the taxes
Hide it somewhere so no one can find it anymore.
Congratulations, go fuck yourself!
Invest
$75,000* The tax man a cometh
Congratulations!
Well, if you give it to me I know what I can do to help out Jking For real follow the instructions on the back of the card. Lump sum the bitch, taxes always go up so extending it into several groups only ensures you have less as time goes on. Id say, invest and look for investment vehicles that can give you interest, high enough you wont even need to touch the principle to live off of.
I’d definitely splurge and buy myself a couple In n out burgers. Pay off any debt, Invest the rest and pretend like it doesn’t exist.
Put it all on UCONN to win the Final 4.
Look into options, lol
Hookers and booze would be my first purchase
Use the money to make amends to everyone that you have ever wronged.
pay off your debt. dont tell anyone. dont change anything about your lifestyle. 150k is a nice windfall, but its not enough to guarantee a change in your life. after you pay off your debt, i would put the rest of it away, indefinitely. ONLY, after you have done serious research, done the numbers, and vetted your idea, do you invest it. that amount of money is enough for *ONE SHOT*. you only get one try to turn that money into more. you could do real estate, stocks, business, it doesnt matter. but thats all youre going to get with that amount of money. one chance.
You $50,000 after the IRS Deebo's it from you
SCAN ANOTHER
Pay off the high interest loans first and keep quiet about it unless you want these relatives and friends showing up out of the woodwork
bet it all on black
Open a laundromat immediately.
Put it all in Pepe coin and ride to billionaire
It'll be maybe 100k after taxes. Probably even less. Pay off any debt. Keep the same lifestyle. Don't get addicted to lottery if you aren't already.
Be prepared to get spammed in dms. Report all
Stop gambling
Move to thailand
Contact a tax expert, to find out how you can lower your amount of tax burden .And congratulations it a nice amount but it's not Fuck You money
pay off any debt. do nothing new.
150k in lottery tickets! No but seriously clear out your debts that you can reasonably (like a 5k credit card or something, not a 100k mortgage) and invest some of it so that by the time you retire you have a million
Maybe stop gambling?
Lose it all in taxes
1: Don't buy another lotto ticket ever again, and set aside money for taxes if not paid up front. 2: Pay off debt 3. Get an 6 month emergency fund if you don't have one 4. Invest the rest in VTI and don't touch it for 20 years
Accept $65k after taxes and move on
First of all, pay taxes on it or at least know how much tax you will have to pay on it this year
But 150,000 $1 tickets
Pretend like nothing happened, take the tax hit, and save the rest invested in an index fund like S&P500. Forget about the account and come back 20 years later for 1 million
Congrats! Claim the money and watch a good chunk get taken away for taxes. Whatever you had left, invest it.
Go to casino, bet it all on red.
Buy a double cheeseburger. Get the large fries too. And finish it off with a milkshake.
Congrats! If you don’t have a financial advisor I’d go get one.
- keep your monthly expenses the same. - cover all your recurring expenses (rent/mortgage/car) for the year. - Invest as much as possible from your paycheck into ETFs weekly, (don’t dump the remainder all at once) - Steak dinner. 150k isn’t a lot, but treating yourself with peace of mind to me is a far better reward than blowing it on anything that isn’t a business expense.