Has anybody jumped at their opportunity to win 2 million dollars? If your not sure what I’m talking about then you must have just searched Super Raffle and haven’t read my other blog posts yet. I’m talking about the latest raffle Michigan is hosting to have some of the best odds to win the raffle! To make it short, here are the odds to win:
2 prizes of $2,000,000 (annuitized over 20 years or $1,300,000 cash: odds - 1 in 125,000
25 prizes of $100,000: odds 1 in 10,000
4,5000 prizes of $500: odds 1 in 56
I love all those odds don’t you? I’ll be picking up my ticket when I pick up my g/f from work. I’m confident there will still be tickets for sale less then 12 hours into the raffle. I will be picking up my winning ticket then and will be showing all my confidence and flaunting the money shortly after the drawing! Ok, I won’t since I’m not that cocky around the money. In fact, who can really be cocky with only 2 million? The biggest near 400 mill jackpot can throw out some cockiness because it’s the biggest mega millions jackpot and has some prestige, but nobody should be walking around cocky with 2 million. Odds are if your cocky, its already assumed you got the cash out option at 1.3 mill. After the 40% possible highest tax take out, your rocking out with only 780,000. How can you be cocky with that? If your jackpot total cash is less then the most expensive house in the state, then you have no liability to be cocky. If your jackpot is less then what a wall street investor makes in a year, then you can’t be cocky. I made up that last one, who knows how much they make. But onto the point about how much i’m going to win and what I am going to buy with that 1.3 mill cash out. After all, the cash out is needed with the rate of inflation going on nowadays.
1.) New House valued at 250-300k on lots of land, or buy good land and build house on it
2.) New Car
3.) Pool with tons of squirt guns and pool toys. Deck of course with hottub
4.) Invest, Invest, Invest
With the right amount of thinking, one can possibly retire on all that money. If you can’t, the maybe your playing life just a little to big.
